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DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Stride
Newsfile· 2025-11-19 23:29
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Stride, Inc. due to allegations of securities law violations, urging affected investors to contact them before the January 12, 2026 deadline for lead plaintiff applications in a federal class action lawsuit [2][5]. Group 1: Allegations Against Stride, Inc. - The complaint alleges that Stride and its executives made false or misleading statements and failed to disclose critical information regarding their products and services to educational institutions [5]. - Stride is accused of inflating enrollment numbers, cutting staff costs excessively, ignoring compliance requirements, and losing both existing and potential enrollments [5]. - A report indicated that the Gallup-McKinley County Schools Board of Education filed a complaint against Stride for fraud and deceptive practices, including retaining "ghost students" to secure state funding [6]. Group 2: Stock Price Impact - Following the allegations, Stride's stock price dropped by $18.60, or 11.7%, closing at $139.76 per share on September 15, 2025, impacting investors negatively [7]. - On October 28, 2025, Stride reported a limitation in enrollment growth and issues with system implementation, leading to a significant drop in enrollments by approximately 10,000 to 15,000 [8]. - The stock price fell as much as 51% during intraday trading on October 29, 2025, further injuring investors [8].
Denarius Metals Announces Closing of Life Offering and Concurrent Private Placement
Newsfile· 2025-11-19 23:11
Core Points - Denarius Metals Corp. has successfully closed its non-brokered private placement offering under the Listed Issuer Financing Exemption, raising gross proceeds of CA$10,000,000 by issuing 20,000,000 Units [1] - The company also completed a concurrent private placement, raising an additional CA$2,625,000 by issuing 5,250,000 Units, bringing total gross proceeds from both offerings to CA$12,625,000 [1] - The total number of issued and outstanding common shares of the company now stands at 150,219,989 [1] Offering Details - Each Unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant allowing the purchase of one common share at CA$0.70 until November 19, 2028 [2] - The net proceeds from the offerings will be utilized for exploration and development at the Zancudo Project in Colombia, as well as for working capital and general corporate purposes [3] Regulatory Compliance - The LIFE Offering was made available to purchasers in Canada, excluding Québec, under specific exemptions outlined in NI 45-106 [4] - The company paid finders' fees totaling CA$379,500 and issued 447,780 finder's warrants in connection with the offerings [5] Insider Acquisitions - Mr. Serafino Iacono, the Executive Chairman, acquired 1,850,000 Units for CA$925,000, increasing his ownership to approximately 16.44% of the company's outstanding shares [7] - Aris Mining Corporation acquired 4,000,000 Units for CA$2,000,000, resulting in a beneficial ownership of approximately 9.87% of the company's shares [10] - Aton Ventures Fund Ltd. now holds 13,088,610 common shares, representing approximately 8.71% of the company's issued shares [11] Company Overview - Denarius Metals is a Canadian junior company focused on the acquisition, exploration, development, and operation of precious metals and polymetallic mining projects in Colombia and Spain [16] - The company has commenced mining operations at its 100%-owned Zancudo Project, a high-grade gold-silver deposit located in Colombia [17] - In Spain, Denarius Metals has interests in three projects, including the Aguablanca Project, which has been recognized as a Strategic Project by the EU [18]
CSE Bulletin: Change of Business - Axcap Ventures Inc./Roxmore Resources Inc.
Newsfile· 2025-11-19 23:00
Group 1 - Axcap Ventures Inc. has completed a Change of Business and a consolidation of shares at a ratio of one post-consolidated common share for every ten pre-consolidated common shares [1][2][3] - The company will change its name and trading symbol to Roxmore Resources Inc. with the new symbol being RM [1][4] - The effective trading date for the new shares will be November 20, 2025, and the number of outstanding shares will be reduced to approximately 49,364,356 common shares [2][3][4] Group 2 - All open orders will be canceled at the end of business on November 19, 2025, and dealers are reminded to re-enter their orders [2][3]
Oracle Commodity Holding Clarifies Terms of Amended Coal Royalty Amendments
Newsfile· 2025-11-19 22:21
Core Viewpoint - Oracle Commodity Holding Corp. has clarified its amended net smelter return (NSR) royalty agreements with Silver Elephant Mining Corp., which were initially announced on August 29, 2025, at the request of the TSX Venture Exchange [1]. Group 1: Amended Agreement Details - Under the Amended Agreement, the coal royalty from Silver Elephant's Mongolian coal projects to Oracle Commodity Holding is set at the greater of US$2 per tonne or 3% of NSR, based on the average spot sales price of coal [2]. - The previous royalty of 5% NSR under the original agreement was calculated on an actual sales-price basis, including discounts. The Amended Agreement replaces this with a 3% NSR royalty based on the average spot price, aligning with market conventions and simplifying the pricing methodology without materially altering its economic effect [3]. Group 2: Related Party Disclosure - Silver Elephant is a control person of Oracle Commodity Holding, making the amended royalty agreements "related party transactions" under Multilateral Instrument 61-101. Oracle Commodity Holding relied on available exemptions from the formal requirements under MI 61-101 for these agreements [5]. Group 3: Company Overview - Oracle Commodity Holding Corp. is a mining royalty company that holds royalties on several precious metal and critical mineral mining projects [6].
SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of TrueCar, Inc. (TRUE)
Newsfile· 2025-11-19 22:11
Core Viewpoint - The law firm Brodsky & Smith is investigating potential claims against the Board of Directors of TrueCar, Inc. for possible breaches of fiduciary duty related to its acquisition by Fair Holdings, Inc. at a price of $2.55 per share, valuing the company at approximately $227 million [1][2]. Group 1 - The investigation focuses on whether the TrueCar Board failed to conduct a fair process in the acquisition, particularly regarding the fairness of the deal consideration for shareholders [2]. - Fair Holdings, led by TrueCar founder Scott Painter, is set to acquire TrueCar in an all-cash, go-private transaction [1]. - The acquisition price of $2.55 per share represents an equity value of around $227 million for TrueCar [1]. Group 2 - Brodsky & Smith is a litigation law firm with a strong track record in representing shareholders in securities and class action lawsuits [3]. - The firm has been appointed as lead counsel in numerous class actions and has successfully recovered millions for clients [3]. - The investigation may lead to claims if it is determined that the Board did not uphold its fiduciary duties [2].
Kingman Minerals Ltd. Announces Grant of Stock Options
Newsfile· 2025-11-19 22:05
Company Overview - Kingman Minerals Ltd. is a publicly traded exploration and development company focused on precious metals in North America [2] - The company's flagship project is the 100%-owned historic Rosebud Mine located in Mohave County, Arizona, which has a history of high-grade gold and silver mining dating back to the 1880s [2] - The Rosebud property includes significant underground development, featuring a 400-foot shaft and approximately 2,500 feet of drifts, raises, and crosscuts [2] Recent Developments - Kingman Minerals has granted incentive stock options to certain officers, directors, and consultants, allowing them to purchase up to 1,800,000 common shares [1] - The stock options vest immediately, have a term of five years, and are exercisable at a price of $0.135 per share [1]
BlackRock Closes the Market
Newsfile· 2025-11-19 22:03
Core Insights - The 25th anniversary of the world's first fixed income ETFs was celebrated by BlackRock Canada and the Toronto Stock Exchange [1][2] - The iShares Core Canadian Short Term Bond Index ETF (TSX: XSB) and iShares Core Canadian Universe Bond Index ETF (TSX: XBB) were listed on November 20, 2000, significantly enhancing investor access to fixed income markets [2][3] - As of October 31, 2025, global fixed income ETF/ETP assets reached US$3.324 trillion across 2,924 unique products, indicating the success of fixed income ETFs worldwide [3] Company Overview - iShares, with over 20 years of experience, manages approximately 1,700+ ETFs and US$5.2 trillion in assets as of September 30, 2025, showcasing its leadership in the financial industry [4] - The portfolio and risk management of iShares are powered by BlackRock, emphasizing the company's expertise in the ETF market [4]
Honey Badger Identifies Two New Zones: Inferno and Pimento Containing Silver, Gold, Lead, and Zinc at Plata, Yukon
Newsfile· 2025-11-19 22:00
Core Insights - Honey Badger Silver Inc. has identified two new mineral zones, "Pimento" and "Inferno," at its Plata Project in Yukon, indicating significant potential for silver-gold-lead-zinc mineralization [1][2][3] Summary of 2025 Fieldwork - The 2025 fieldwork program included 1,027 soil samples and 115 rock samples, leading to the discovery of new mineral zones and significant geochemical anomalies [3] - The Inferno zone shows a large geochemical anomaly with copper sulfide-bearing quartz veins and hornfels alteration, suggesting a potential large silver-gold system [2][3][6] Details on Inferno Zone - The Inferno zone features a 2.3 km x 1 km antimony anomaly with local elevated silver and gold values, including a gold-in-soil anomaly of up to 74 ppb Au [6][9] - The area will be a priority for follow-up prospecting in 2026, with additional staking completed to secure prospective ground [6][12] Details on Pimento Zone - The Pimento zone, located approximately 2.3 km northwest of the Ajo zone, has rock samples showing grades of up to 0.15 g/t gold, 44.3 g/t silver, 0.14% lead, and 0.39% zinc [10][15] - This area has not been previously documented, representing a new mineralization zone for the company [10] Next Steps - The company plans to review new assay data and historical samples over the winter to prepare for follow-up fieldwork and drilling in 2026 [12] Background on Plata Project - The Plata Project is located in the Tombstone Gold Belt and has a history of high-grade silver production, with past mining yielding approximately 290,000 ounces of silver [13] - The project is being explored as part of a larger mineralized system, with potential for both silver and gold deposits [13]
Obsidian Energy Announces Offering and Pricing of $175 Million, 5-Year Senior Unsecured Notes due in 2030 and Redemption of Existing $80.8 Million Senior Unsecured Notes due in 2027
Newsfile· 2025-11-19 22:00
Core Viewpoint - Obsidian Energy is conducting a private placement offering of $175 million in senior unsecured notes with an interest rate of 8.125%, maturing in 2030, to refinance existing debt and strengthen its balance sheet amid commodity price volatility [1][2][3] Group 1: Offering Details - The offering consists of $175 million aggregate principal amount of 8.125% senior unsecured notes due December 3, 2030 [1] - The notes will be issued at par and will rank equally with all other present and future senior unsecured indebtedness of the company [1] - Closing of the offering is expected around December 3, 2025, subject to customary closing conditions [1] Group 2: Use of Proceeds - Net proceeds from the offering will be used to redeem existing $80.8 million senior unsecured notes due July 27, 2027, pay down debt under the syndicated credit facility, and cover related transaction expenses [2] - Post-offering, the company's syndicated credit facility of $235 million will have approximately $5 million drawn [2] Group 3: Management Commentary - The President and CEO of Obsidian Energy highlighted the opportunity to refinance at a lower interest rate, which strengthens the balance sheet and provides flexibility for production growth and shareholder returns [3]
New Found Gold Announces Infill and Expansion Drilling at the K2 Zone, Queensway Gold Project
Newsfile· 2025-11-19 22:00
Core Insights - New Found Gold Corp. has announced new results from infill and expansion drilling at the K2 and Jackpot zones of the Queensway Gold Project, indicating strong continuity of gold mineralization and potential for resource expansion [1][3][4] Drilling Results - The recent drilling program included 5,777 meters across 46 diamond drill holes, with 5,293 meters at K2 and 484 meters at Jackpot [5][6] - Significant drill results from K2 include: - 16.7 g/t Au over 12.25 m [8] - 5.32 g/t Au over 18.85 m [8] - 4.17 g/t Au over 18.00 m [8] - At Jackpot, notable results include: - 15.10 g/t Au over 2.30 m [27] Resource Upgrade Objectives - The primary goal of the drilling at K2 and Jackpot is to upgrade mineral resources from inferred to indicated categories within the Preliminary Economic Assessment (PEA) Phase 1 open pits [9][14] - The drilling at K2 has confirmed good continuity of gold mineralization and a strong correlation with the existing mineral resource estimate [9][10] Future Plans - An updated mineral resource estimate is planned for H1 2026, focusing on high-grade mineralization areas identified during the recent drilling [10][13] - The 2025 Queensway drill program, which commenced in May 2025, is over 85% complete and is expected to conclude in Q4 2025 [18][19] Company Overview - New Found Gold Corp. holds a 100% interest in the Queensway Gold Project and is focused on advancing it into production [42][43] - The company has also completed a PEA at Queensway in 2025, highlighting the project's district-scale potential along two prospective fault zones [44]