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Christina Lake Cannabis Announces Debenture Extension
Globenewswire· 2025-09-06 00:53
Group 1 - Christina Lake Cannabis Corp. has amended the terms of its convertible debentures totaling $710,000, with a new maturity date set for September 7, 2026 [1][2] - The interest rate on the debentures will remain unchanged, and repayments will now occur quarterly starting December 7, 2025, ensuring full repayment by the new maturity date [2] - Holders who did not enter into the amending agreements are expected to be repaid according to the original maturity dates of their debentures [2] Group 2 - Christina Lake Cannabis is a licensed cannabis producer under the Cannabis Act, with a standard cultivation license and a research and development license from Health Canada [3] - The company's facilities include a 32-acre property with over 950,000 square feet of outdoor grow space, and a 342-acre property with approximately 100 acres of licensed outdoor grow space [3] - Christina Lake Cannabis focuses on producing high-quality outdoor flower, extracts, and distillate for its B2B client base [3]
MINILUXE ANNOUNCES PROPOSED SHARES FOR DEBT SETTLEMENT
Globenewswire· 2025-09-06 00:06
Core Viewpoint - MiniLuxe Holding Corp. plans to issue 345,000 Class A subordinate voting shares at CAD$0.40 per share to settle approximately USD$100,000 in debts owed to Cue Ball Capital, LLC for advisory and consulting services [1][2]. Group 1: Shares for Debt Transaction - The transaction is subject to customary closing conditions, including approval from the TSX Venture Exchange [2]. - All securities issued will have a hold period of four months and one day from the issuance date [2]. Group 2: Related Party Transaction - The transaction is classified as a "related party transaction" due to the involvement of an insider [3]. - The company will rely on exemptions from formal valuation and minority approval requirements under Multilateral Instrument 61-101 [3]. - The shares issued to related parties do not exceed 25% of the company's market capitalization, allowing for exemption from minority approval [3]. Group 3: Company Overview - MiniLuxe is a lifestyle brand and talent empowerment platform in the beauty and self-care industry, focusing on high-quality nail care and esthetic services [5]. - The company aims to transform the self-care and nail care industry through better standards, technology, and a focus on healthier products [5]. - MiniLuxe has performed over 4 million services since its inception, emphasizing professional development and economic mobility for its workforce [5].
Revive Therapeutics Announces Extension of Proposed Private Placement
Globenewswire· 2025-09-05 23:50
Core Viewpoint - Revive Therapeutics Ltd. is extending its private placement offering to raise up to $650,000, with a first tranche already closed generating $60,900 [1][3]. Group 1: Private Placement Details - The private placement consists of up to 30,952,381 units priced at $0.021 per unit, with gross proceeds expected to be up to $650,000 [1]. - A first tranche of 2,900,000 units was issued at the same price, resulting in total gross proceeds of $60,900 [1]. - The company may close an additional $589,000 worth of units as part of this offering [1]. Group 2: Unit Composition and Terms - Each unit includes one common share and one common share purchase warrant, allowing the holder to acquire one common share at an exercise price of $0.05 for 36 months post-closing [2]. - The issue price per unit is based on the 20-day volume-weighted average price (VWAP) of shares traded on the CSE [2]. Group 3: Use of Proceeds - Gross proceeds from the private placement will be allocated for working capital and payment of certain trade payables [3]. - The private placement may close in multiple tranches, subject to customary closing conditions [3]. Group 4: Company Overview - Revive Therapeutics is focused on developing innovative therapeutics for critical medical needs, leveraging FDA regulatory incentives for rapid advancement [4]. - The company is currently concentrating on Bucillamine for infectious diseases and medical countermeasures, as well as advancing Psilocybin and molecular hydrogen therapeutic programs [4].
Altai Provides Update on Quebec Litigation
Globenewswire· 2025-09-05 22:39
Core Viewpoint - Altai Resources Inc. is facing significant legal challenges and financial burdens due to a claim against the Government of Quebec regarding the expropriation of its oil and gas exploration assets in 2022, leading the company to abandon its legal representation as it deems further pursuit of justice futile [1][5]. Group 1: Legal Proceedings - The company filed a claim in the Superior Court of Quebec in 2022 against the Ministry of Energy and Natural Resources and the Attorney General of Quebec for compensatory damages due to expropriation [1]. - Progress in the legal proceedings has been significantly delayed since the company's case was joined with other similar actions, with no hearing date set for the first phase [2]. - The company proposed advancing certain test cases to streamline the process, but this approach was rejected by the defendants, leading to concerns about escalating legal costs [3]. Group 2: Financial Implications - The company has incurred considerable legal costs and is facing a motion from the defendants seeking security for costs amounting to $250,000, which could further strain its financial resources [4]. - The company believes that the ongoing litigation and the defendants' tactics will continue to impose a crippling financial burden, prompting the decision to abandon legal representation to protect its working capital [5]. Group 3: Company Overview - Altai Resources Inc. is based in Toronto, Ontario, and has an oil property in Alberta along with a Canadian investment portfolio consisting of cash and cash equivalents [6].
Enovix Announces Completion of Warrant Dividend Program
Globenewswire· 2025-09-05 22:08
Core Viewpoint - Enovix Corporation successfully completed its warrant dividend program, raising approximately $232.1 million in gross proceeds through the exercise of about 26.5 million warrants, which strengthens its capital position and supports future growth initiatives [1][2][8]. Summary by Relevant Sections Warrant Dividend Program - The warrant dividend program was announced on July 7, 2025, with warrants distributed to shareholders and convertible noteholders on July 21, 2025. Each warrant was exercisable for $8.75 in cash and expired on August 29, 2025, after certain trading price conditions were met [3][8]. Financial Impact - The program generated approximately $232.1 million in gross proceeds, which will be utilized to accelerate production at Fab2, scale the 100% silicon-anode battery technology, and potentially pursue acquisition targets within the battery ecosystem [2][8]. Company Positioning - Enovix is recognized as a leader in advanced silicon battery technology, with its AI-1™ battery cell confirmed as having the highest energy density available for smartphones. This milestone reinforces the company's leadership in the silicon-anode battery market and positions it for future innovation [2][5]. Company Overview - Enovix specializes in lithium-ion battery technology, focusing on higher energy density and improved safety through its proprietary cell architecture. The company aims to meet the growing global demand for high-performance energy storage across various applications, including wearable electronics and electric vehicles [5]. Operational Footprint - Enovix is headquartered in Silicon Valley and has facilities in India, South Korea, and Malaysia, indicating a global operational presence [6].
NexGold Announces Amendments to Omnibus Equity Incentive Plan
Globenewswire· 2025-09-05 22:00
Core Points - NexGold Mining Corp. has amended its Omnibus Equity Incentive Plan to allow holders of restricted share units (RSUs) to defer settlement of vested RSUs for up to three years following the year in which services were rendered [1][2][3] - The amendments were approved by the board of directors on August 12, 2025, and accepted by the TSX Venture Exchange on September 3, 2025, without requiring shareholder approval [3] Company Overview - NexGold Mining Corp. is a gold-focused company with assets in Canada and Alaska, including the Goliath Gold Complex and the Goldboro Gold Project [4] - The company also holds a 100% interest in the high-grade Niblack copper-gold-zinc-silver VMS project located in southeast Alaska [4] - NexGold is committed to engaging with regional communities and Indigenous Nations to create sustainable economic opportunities and promote community wellbeing [4]
Rackspace Technology Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
Globenewswire· 2025-09-05 22:00
Core Insights - Rackspace Technology announced the appointment of Gajen Kandiah as the new CEO and granted him inducement equity awards [1][2] Equity Awards - Mr. Kandiah received 4,000,000 restricted stock units (RSUs) and non-qualified stock options to purchase 6,000,000 shares of common stock [2] - The stock options have an exercise price of $1.30 per share, equal to the closing price on the grant date, with a maximum term of ten years [2] - The RSUs and stock options will vest in equal annual installments on September 3 for the years 2026, 2027, 2028, and 2029, contingent on Mr. Kandiah's continued employment [2] Compliance and Approval - The equity awards were granted as an inducement material to Mr. Kandiah's employment, in accordance with Nasdaq Listing Rule 5635(c)(4) [3] - The awards were approved by a majority of the independent members of the board of directors, outside of the shareholder-approved equity incentive plan [3] Company Overview - Rackspace Technology is a leading provider of hybrid multicloud technology services and AI solutions, focusing on designing, building, and operating cloud environments across major technology platforms [4] - The company partners with customers at every stage of their cloud journey, enabling modernization of applications, product development, and adoption of innovative technologies [4]
Northland Power Announces Retirement of John Brace and Appointment of Sébastien Clerc to Its Board of Directors
Globenewswire· 2025-09-05 21:59
Core Points - Northland Power Inc. announced changes to its Board of Directors, with John Brace retiring and Sébastien Clerc appointed as a new member effective September 5, 2025 [1][2] - Ian Pearce, the new Chair of the Board, expressed gratitude for John Brace's 37 years of service and highlighted his contributions to the company's growth [3] - Sébastien Clerc brings over 25 years of experience in the energy and infrastructure sectors, having previously served as CEO of Voltalia, where he significantly increased revenues from €11 million to over €550 million [3][4] Company Overview - Northland Power is a Canada-based global power producer focused on accelerating the global energy transition, with a history dating back to 1987 [5] - The company operates a diversified mix of energy infrastructure assets, including offshore and onshore wind, solar, battery energy storage, and natural gas [5] - Northland has a gross operating generating capacity of 3.5 GW, with 2.2 GW under construction and approximately 9 GW of potential capacity in early to mid-stage development [6]
22nd Century to Participate in the HC Wainwright Conference in New York City September 9, 2025
Globenewswire· 2025-09-05 21:37
Core Insights - 22nd Century Group, Inc. is leading the nicotine harm reduction movement in the tobacco industry, focusing on helping smokers control their nicotine consumption [3][4] - The company will host investor meetings on September 9, 2025, during the HC Wainwright Conference in New York [1][2] Company Overview - 22nd Century Group has developed the VLN cigarette, which contains 95% less nicotine than traditional cigarettes, providing smokers with a familiar alternative to manage their nicotine intake [4][5] - The company utilizes proprietary non-GMO reduced nicotine tobacco blends, supported by patented technologies that regulate nicotine biosynthesis in tobacco plants, ensuring a full flavor experience with lower nicotine levels [5] Product Details - VLN cigarettes are designed to allow consumers to significantly reduce their nicotine consumption while still enjoying a combustible cigarette format [4] - The extensive patent portfolio of 22nd Century Group secures its position as the only provider of low nicotine combustible cigarettes in the United States and key international markets [5]
AGF Management Limited to Release Third Quarter 2025 Financial Results on September 24, 2025
Globenewswire· 2025-09-05 21:05
Core Points - AGF Management Limited will release its Q3 2025 financial results on September 24, 2025, at 7:00 a.m. ET [1] - A conference call and webcast will follow at 11:00 a.m. ET, featuring remarks from key executives [2] - The live audio webcast will be accessible on AGF's Investor Relations website [3] - An archive of the discussion and supporting materials will be available within 24 hours post-conference call [4] Company Overview - AGF Management Limited is an independent and globally diverse asset management firm founded in 1957 [5] - The firm operates through three business lines: AGF Investments, AGF Capital Partners, and AGF Private Wealth [5] - AGF emphasizes responsible and sustainable corporate practices, with a focus on fundamental, quantitative, and private investing capabilities [6] - Headquartered in Toronto, Canada, AGF manages over $56 billion in total assets and serves more than 815,000 investors [7]