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Austral Gold Secures Additional US$1M Loan for Casposo
Newsfile· 2025-09-01 04:32
Core Viewpoint - Austral Gold Limited has secured a new short-term loan of US$1 million to support working capital requirements following refurbishment activities at the Casposo processing plant, which is advancing towards the commissioning phase [1][2]. Group 1: Loan Details - Loan Amount: US$1 million [8] - Loan Term: 180 days from disbursement [8] - Interest Rate: 8.5% per annum [8] - Repayment: Lump-sum payment at maturity, funded by proceeds from mineral exports; early repayment option available [8] - Security: Unsecured [8] Group 2: Company Overview - Austral Gold is a growing gold and silver mining producer focused on building a portfolio of quality assets in the Americas based on three strategic pillars: production, exploration, and equity investments [4]. - The company is advancing its attractive portfolio of producing and exploration assets to lay the foundation for its growth strategy [4].
Victory Square Technologies Reports Q2 2025 Results Highlighted by Revenue Growth, Profitability, and Portfolio Momentum
Newsfile· 2025-08-30 02:47
Company Overview - Victory Square Technologies Inc. is a venture builder providing investors access to a diverse portfolio of next-generation technology companies [2][23] - The company operates a business model focused on buying, building, and investing in early-stage tech companies, with a commitment to support them for up to 48 months before they can stand on their own [24][26] Financial Performance - For the first half of 2025, adjusted revenue reached $13.87 million, a 27% increase from $10.97 million in the first half of 2024 [7] - Q2 2025 revenue was $5.38 million, compared to $4.43 million in Q2 2024, marking a 21% year-over-year growth [7] - Adjusted EBITDA for the first half of 2025 was $463 thousand, a significant improvement from a loss of $1.59 million in the first half of 2024 [7] Portfolio Highlights - Victory Square maintains over 25 portfolio companies across sectors including digital health, AI, gaming, climate tech, and pet wellness [5][6] - Hydreight Technologies, a key portfolio company, reported a six-month adjusted revenue of $13.9 million, reflecting a 33% year-over-year growth and achieved its third consecutive profitable quarter [6][8] - Insu Therapeutics is developing a patent-pending oral insulin tablet, with early preclinical trials showing promising results [10][11] Strategic Initiatives - The company is exploring share buybacks to reduce net asset value (NAV) discount and enhance shareholder value [6][16] - Pawsible Ventures, another portfolio company, is focused on pet wellness and telehealth solutions, with plans to launch a fund and incubator program in fall 2025 [12][15] Industry Context - The global diabetes therapeutics market is projected to grow to $118 billion by 2032, with over 500 million people currently living with diabetes [13] - The global pet care market is expected to reach $368 billion by 2030, indicating significant growth potential in the pet wellness sector [14] Future Outlook - The company aims to continue supporting Hydreight's growth, advance Insu Therapeutics towards regulatory milestones, and launch Pawsible Ventures' fund and incubator program [20][21] - Upcoming investor conferences will feature Victory Square and its portfolio companies, providing opportunities for engagement with investors [21]
American Aires Inc. Announces Business Continuity and Governance Actions Following Special Committee Review
Newsfile· 2025-08-30 02:30
Core Viewpoint - American Aires Inc. has announced significant governance actions following the misconduct of its Founder, President, and Chief Product Officer, Dimitry Serov, which has led to his suspension and ongoing investigations by a Special Committee [1][3][6]. Group 1: Misconduct Findings - The Special Committee's investigation revealed that Dimitry engaged in serious misconduct, including improper payments to his deceased father's consulting services, misleading disclosures regarding intellectual property ownership, misappropriation of intellectual property for personal gain, and undisclosed conflicts of interest involving his wife's ownership in the Company's exclusive manufacturer [2][5][6]. - Despite these findings, the Company's business operations remain unaffected, with key supplier and customer relationships intact, and a perpetual non-exclusive license to operate under the misappropriated intellectual property [2]. Group 2: Board Actions and Demands - The Board has suspended Dimitry from his positions with pay, pending the completion of the investigation, and has made clear demands for him to resign from the Board, repay consulting fees totaling approximately CAD $230,000, cancel 1,777,778 common shares valued at approximately CAD $120,000, and transfer misappropriated patent rights to the Company [3][13]. - The Board is committed to addressing the misconduct decisively and transparently to protect the Company and its shareholders, emphasizing the need for accountability and adherence to corporate governance standards [6][7]. Group 3: Related Party Transactions - The Board has identified Dimitry's undisclosed beneficial interest in the Company's exclusive manufacturer, Technano, as related-party dealings under Multilateral Instrument 61-101, which will require careful review and approval of any future transactions involving him or Technano [8][10]. - The Company plans to rely on exemptions from formal valuation requirements and minority approval requirements under MI 61-101, based on good-faith determinations by the Special Committee [9].
Themac Resources Group Limited Announces Execution of Arrangement Agreement for Going Private Transaction
Newsfile· 2025-08-29 23:26
Core Viewpoint - THEMAC Resources Group Limited has entered into an arrangement agreement with Tulla Resources Group Pty. Ltd. for a going private transaction, where Tulla will acquire all outstanding common shares not already owned by it for cash consideration of $0.08 per share, representing an approximately 11% premium to the 20-day volume-weighted average trading price prior to the announcement [1]. Group 1: Transaction Details - The arrangement will be executed under the Yukon Business Corporations Act, and Tulla currently controls approximately 60.39% of the Company's outstanding shares [1]. - A special meeting of shareholders is scheduled for October 7, 2025, to approve the arrangement, requiring at least two-thirds of the votes cast and a simple majority excluding certain shares held by Tulla and related parties [2]. - The board of directors has unanimously determined that the arrangement is in the best interests of the Company and fair to shareholders, based on recommendations from a special committee of independent directors [4]. Group 2: Shareholder Support - In addition to Tulla's shares, certain directors and significant shareholders holding 14,804,130 common shares, representing 18.64% of the total, have entered into Voting and Support Agreements to vote in favor of the arrangement [5]. - 90.78% of the locked-up shareholders are affiliates or associates of Tulla, indicating strong support for the transaction [5]. Group 3: Valuation and Fairness - The recommendation for the transaction was based on a comprehensive valuation report and fairness opinion prepared by an independent valuator, which concluded that the consideration is fair to minority shareholders [9]. - A summary of the valuation and fairness opinion will be included in the information circular to be sent to shareholders [10]. Group 4: Conditions and Timeline - The transaction is subject to approval by the Supreme Court of Yukon and the TSX Venture Exchange, with an expected closing in mid to late October 2025 [8]. - Upon completion, the shares will be delisted from the TSXV, and the Company will apply to cease being a reporting issuer in applicable provinces [8].
TAG Oil Provides Financial Results and Operating Updates for Q2-2025
Newsfile· 2025-08-29 22:53
Financial Performance - As of June 30, 2025, the company reported C$5.3 million in cash and cash equivalents, an increase from C$3.2 million as of March 31, 2025 [2] - Working capital was C$4.9 million, slightly down from C$5.0 million in the previous quarter [2] - The company has no debt [2] Production and Operations - During the quarter ending June 30, 2025, the Badr Oil Field ("BED-1") wells produced an average of 110 barrels of oil per day [2] - Crude oil sales for the same period averaged 91 barrels of oil per day [2] Strategic Initiatives - The company is participating in an open bid for a strategic asset acquisition in Egypt, with the process scheduled to close on September 30, 2025 [3] - TAG Oil is seeking to secure an industry partner to accelerate further drilling at the BED-1 field, with Expressions of Interest from qualified parties due by September 30, 2025 [3] Company Overview - TAG Oil is a Canadian-based international oil and gas exploration company focused on operations and opportunities in the Middle East and North Africa [4]
Goldshore Announces Filing of Q2 Financial Statements and Provides Second Quarter Corporate Highlights
Newsfile· 2025-08-29 22:43
Goldshore Announces Filing of Q2 Financial Statements and Provides Second Quarter Corporate HighlightsAugust 29, 2025 6:44 PM EDT | Source: Goldshore Resources Inc.Vancouver, British Columbia--(Newsfile Corp. - August 29, 2025) - Goldshore Resources Inc. (TSXV: GSHR) (OTCQB: GSHRF) (FSE: 8X00) ("Goldshore" or the "Company") is pleased to announce that it has filed its second quarter interim financial statements and the accompanying Management's Discussion and Analysis ("MD&A") which are availa ...
Delota Reports Financial Results for the Three Months Ended June 30, 2025
Newsfile· 2025-08-29 22:30
Core Viewpoint - Delota Corp. reported strong financial results for Q1 2026, achieving $10 million in revenue and positive Adjusted EBITDA of $351,000, marking the ninth consecutive quarter of positive Adjusted EBITDA and reflecting operational efficiencies and strategic growth initiatives [4][6][7]. Financial Highlights - Total revenue for Q1 2026 was $10,043,670, an increase from $9,883,883 in Q1 2025, representing a growth of approximately 1.6% [7][10]. - The gross profit margin for Q1 2026 was 36%, down from 40% in Q1 2025 [6][7]. - Positive Adjusted EBITDA for Q1 2026 was $351,800, compared to $105,366 in Q1 2025, indicating significant improvement [7][14]. - Revenue segmentation for Q1 2026 included: - Vape - B2C: $7.7 million - Vape - B2B: $1.4 million - Cannabis - B2C: $1.0 million [6][7]. Other Highlights - The company completed the early redemption of $900,000 in senior secured convertible debentures, enhancing its balance sheet [4][6]. - Delota has a customer base exceeding 300,000 registered accounts across its online and physical retail platforms [6][15]. - The company is focused on expanding its retail footprint and enhancing its e-commerce platform as part of its growth strategy [15].
DelphX Announces Non-Brokered Unit Private Placement
Newsfile· 2025-08-29 22:10
Group 1 - DelphX Capital Markets Inc. has closed a non-brokered private placement of 5,000,000 units at a subscription price of C$0.05 per unit, resulting in gross proceeds of C$250,000 [1] - Each unit consists of one common share and one common share purchase warrant, with each warrant allowing the purchase of one common share at a price of $0.08 for two years [1] - Insiders subscribed for 200,000 units, qualifying the offering as a "related party transaction" under MI 61-101, but exemptions from formal valuation and minority approval were utilized [2] Group 2 - The offering has been conditionally accepted by the TSX Venture Exchange, with completion subject to customary requirements and final acceptance [3] - The net proceeds from the offering will be used for general corporate purposes [3] Group 3 - DelphX focuses on developing and distributing next-generation structured products, including collateralized put options (CPOs) and collateralized reference notes (CRNs) [4][6] - CPOs provide secured rating downgrade protection for corporate bonds and cryptocurrency holdings, while CRNs offer capped exposure to rating downgrades and cryptocurrency losses in exchange for attractive returns [6]
Kadestone Capital Corp. Reports Q2 2025 Financial Results
Newsfile· 2025-08-29 21:40
Vancouver, British Columbia--(Newsfile Corp. - August 29, 2025) - Kadestone Capital Corp. (TSXV: KDSX) (OTCQB: KDCCF) ("Kadestone" or the "Company"), a vertically integrated property company, today announced its financial results for the six months ended June 30, 2025.Financial Results For the six months ended June 30, 2025, the Company reported a net loss of $2,485,124, or $0.05 per share, compared to a net loss of $1,703,048, or $0.04 per share, for the same period in the prior year. The increased loss w ...
Enduro Metals Announces Extension to Deadline to Complete Second Tranche of Financing
Newsfile· 2025-08-29 21:00
Group 1 - Enduro Metals Corporation has received a 30-day extension from the TSX Venture Exchange to complete the final documentation for its non-brokered private placement offering, now due by September 29, 2025 [1] - The first tranche of the financing was successfully closed on August 19, 2025, raising a total of $2,730,477 [1] - The company is currently finalizing the closing process for the second and final tranche, with all orders already received [1] Group 2 - Enduro Metals is focused on its Newmont Lake Project, which spans a total area of 688 km² located in British Columbia's Golden Triangle [2] - The geological team has identified multiple deposit environments of interest within the Newmont Lake Project, including high-grade epithermal/skarn gold and copper-gold alkalic porphyry mineralization [2]