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Scottie Announces Closing of Its Previously Announced Non-Brokered Financing
Newsfile· 2025-12-03 22:00
Core Points - Scottie Resources Corp. has successfully closed a non-brokered private placement financing, issuing 11,327,420 charitable flow-through shares at a price of $2.14 per share, resulting in gross proceeds of $24,240,678.80 [1][3] - Ocean Partners UK Limited led the offering with an investment of approximately $5 million, contributing to a total of $6,903,224.84 in charitable flow-through funding [1][6] - The proceeds from the offering will be allocated to eligible Canadian exploration expenses related to the Scottie Gold Mine Project in British Columbia [3] Financial Details - The cash commissions paid to finders in connection with the offering amounted to $153,450, along with the issuance of 99,000 non-transferable finder's warrants, each allowing the purchase of one common share at an exercise price of $1.76 for 24 months [4] - The offering is subject to final acceptance from the TSX Venture Exchange, with all securities issued being subject to a hold period expiring on April 4, 2026 [5] Shareholder Information - Following the investment, Ocean Partners' ownership increased from approximately 10.87% to 13.51% of the company's issued and outstanding common shares [6] - The investment by Ocean Partners is classified as a related-party transaction, and the company is relying on exemptions from minority shareholder approval and formal valuation requirements [8] Company Overview - Scottie Resources Corp. holds a 100% interest in the Scottie Gold Mine Property, which includes the Blueberry Contact Zone and the past-producing Scottie Gold Mine [9] - The company also owns the Georgia Project and the Cambria Project properties, totaling approximately 58,500 hectares of mineral claims in the Stewart Mining Camp within the Golden Triangle of British Columbia [10][11]
Atrium Mortgage Investment Corporation Announces December 2025 Dividend
Newsfile· 2025-12-03 22:00
Core Points - Atrium Mortgage Investment Corporation has declared a monthly dividend of $0.0775 per common share for December 2025, payable on January 13, 2026, to shareholders of record on December 31, 2025 [1] - The company currently pays monthly dividends at an annual rate of $0.93 per share, with a potential special dividend if declared dividends are less than taxable income for the fiscal year [2] - Atrium offers a Dividend Reinvestment Plan (DRIP) allowing shareholders to reinvest dividends in new shares at a 2% discount to market price, promoting investment growth over time [3] - Atrium is a non-bank lender specializing in residential and commercial mortgages in major urban centers in Canada, focusing on stable and liquid real estate markets [4] - As a Mortgage Investment Corporation (MIC), Atrium is not subject to corporate income tax if taxable income is distributed as dividends within 90 days after year-end, with dividends treated as interest income for shareholders [5]
Graphano Closes Private Placement
Newsfile· 2025-12-03 22:00
Core Viewpoint - Graphano Energy Ltd. has successfully closed a non-brokered private placement financing, raising a total of $375,000 through the issuance of 2,500,000 units at a price of $0.15 per unit [1][2]. Financing Details - The private placement involved the issuance of 2,500,000 units, each consisting of one common share and one common share purchase warrant, with warrants priced at $0.25 for a period of 36 months [2]. - The financing was conducted under the Listed Issuer Financing Exemption, applicable in various provinces of Canada, excluding Quebec and New Brunswick [3]. - The net proceeds will be allocated to fund an airborne geophysical survey, permit filing for bulk samples on specific projects, and general working capital [4]. Regulatory and Compliance Information - The securities issued are immediately tradeable under Canadian securities legislation and are subject to final approval from the TSX Venture Exchange [5]. - The company paid finder's fees totaling $22,500, representing 6% of the gross proceeds from the sale of units placed by the finder [6]. Company Overview - Graphano Energy Ltd. focuses on the exploration and development of energy metals resources, particularly graphite, which is essential for technologies like lithium batteries [8][9]. - The company's Lac Aux Bouleaux property is strategically located near Canada's only producing graphite mine, highlighting its potential in meeting the growing demand for graphite in various industries [9].
STUB INVESTOR NOTICE: StubHub Holdings, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
Newsfile· 2025-12-03 21:15
Core Viewpoint - StubHub Holdings, Inc. is facing a class action lawsuit related to its September 2025 IPO, alleging violations of the Securities Act of 1933 due to misleading offering documents and significant financial discrepancies [1][3]. Company Overview - StubHub operates a global ticketing marketplace for live events and conducted its IPO on September 17, 2025, issuing approximately 34 million shares at an offering price of $23.50 per share [2][3]. Allegations of the Lawsuit - The lawsuit claims that the IPO's offering documents were materially false or misleading, omitting critical information about changes in payment timing to vendors, which adversely affected free cash flow [3]. - StubHub reported a free cash flow of negative $4.6 million for Q3 2025, marking a 143% decrease year-over-year, and a 69.3% decrease in net cash provided by operating activities [3]. - Following the release of these financial results, StubHub's stock price dropped nearly 21%, and by the time the lawsuit commenced, the stock was trading at $10.31, a nearly 56% decline from the IPO price [4][3]. Legal Process - Investors who purchased StubHub common stock in connection with the IPO can seek appointment as lead plaintiff in the class action lawsuit, representing the interests of all class members [5]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone [6].
Pineapple Financial Reports Fiscal Year End 2025 Financial Results
Newsfile· 2025-12-03 21:05
Core Insights - Pineapple Financial Inc. reported FY 2025 revenue of $3.0 million, a 10% increase from $2.7 million in FY 2024 [1] - The company is recognized as a pioneer in modernizing the Canadian mortgage industry, focusing on technology-driven solutions [3] Financial Performance - Gross Billings reached $17.4 million, up 7.1% from $16.3 million in the previous year [8] - Revenue rose 11.1% to $3.0 million compared to $2.7 million in FY 2024 [8] - Total Expenses declined 8.9% to $5.9 million, down from $6.5 million last year [8] - Loss from operations decreased from $3.8 million to $2.9 million, representing a 22.9% reduction [4][8] - Net Cash Used in Operations improved significantly to $0.9 million, from $1.7 million in the same period last year [8] - Cash on Hand was $2.1 million as of August 31, 2025, compared to $0.6 million at the same date in 2024 [8] Strategic Developments - Pineapple launched a $100 million Injective Digital Asset Treasury strategy, positioning itself as the world's largest publicly traded holder of INJ tokens [5][6] - The company has strengthened its fiscal governance framework and capital management, leading to improved financial discipline [4][5] - The Injective Foundation and its co-founders invested in the initiative, indicating strong confidence in Pineapple's vision [6] Market Outlook - The Canadian mortgage market remains resilient, with over $1.8 trillion in outstanding residential mortgage credit as of 2025 [9] - Demand in the market is supported by population growth, multigenerational purchasing trends, and constrained housing supply [9]
JEFFERIES STOCK ALERT: Jefferies Financial Group Inc. (JEF) Investors Reminded to Contact BFA Law about its Ongoing Investigation after SEC Probe Revealed
Newsfile· 2025-12-03 20:36
Core Viewpoint - Jefferies Financial Group Inc. and its trade finance arm, Point Bonita Capital, are under investigation for potential violations of federal securities laws following a significant exposure to First Brands Group, which filed for bankruptcy in September 2025 [1][3][5]. Group 1: Investigation Details - The SEC is investigating whether Jefferies provided adequate information to investors regarding their exposure to the auto industry, particularly concerning First Brands Group, which had $12 billion in debt at the time of its bankruptcy [5]. - Bleichmar Fonti & Auld LLP is conducting an investigation into whether Jefferies and Point Bonita made materially false and misleading statements to investors related to their exposure to First Brands [6]. Group 2: Financial Impact - On October 8, 2025, Jefferies disclosed approximately $715 million in exposure to First Brands' receivables, which constituted about 25% of Point Bonita's trade finance portfolio [4]. - Following this announcement, Jefferies' stock price dropped by $4.66 per share, or approximately 8%, from $59.10 on October 7, 2025, to $54.44 on October 8, 2025 [4]. Group 3: Legal Options for Investors - Investors in Jefferies or Point Bonita are encouraged to seek additional information regarding their legal options, as BFA is offering representation on a contingency fee basis [2][7].
CARMAX STOCK ALERT: CarMax, Inc. (KMX) Investors Reminded to Contact BFA Law Prior to the January 2 Deadline in Securities Fraud Class Action
Newsfile· 2025-12-03 20:36
CARMAX STOCK ALERT: CarMax, Inc. (KMX) Investors Reminded to Contact BFA Law Prior to the January 2 Deadline in Securities Fraud Class ActionDecember 03, 2025 3:36 PM EST | Source: Bleichmar Fonti & AuldNew York, New York--(Newsfile Corp. - December 3, 2025) - Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against CarMax, Inc. (NYSE: KMX) and certain of the Company's senior executives for securities fraud after a significant stock dr ...
ARE STOCK ALERT: Alexandria Real Estate Equities, Inc. Investors Reminded to Contact BFA Law Prior to the January 26 Deadline in Securities Fraud Class Action
Newsfile· 2025-12-03 20:36
ARE STOCK ALERT: Alexandria Real Estate Equities, Inc. Investors Reminded to Contact BFA Law Prior to the January 26 Deadline in Securities Fraud Class ActionDecember 03, 2025 3:36 PM EST | Source: Bleichmar Fonti & AuldNew York, New York--(Newsfile Corp. - December 3, 2025) - Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Alexandria Real Estate Equities, Inc. (NYSE: ARE) and certain of the Company's senior executives for sec ...
STRIDE STOCK ALERT: Stride, Inc. (LRN) Investors Reminded to Contact BFA Law Prior to the January 12 Deadline in Securities Fraud Class Action
Newsfile· 2025-12-03 20:36
STRIDE STOCK ALERT: Stride, Inc. (LRN) Investors Reminded to Contact BFA Law Prior to the January 12 Deadline in Securities Fraud Class ActionDecember 03, 2025 3:36 PM EST | Source: Bleichmar Fonti & AuldNew York, New York--(Newsfile Corp. - December 3, 2025) - Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Stride, Inc. (NYSE: LRN) and certain of the Company's senior executives for securities fraud after significant stock dro ...
FREEPORT STOCK ALERT: Freeport-McMoRan Inc. (FCX) Investors Reminded to Contact BFA Law Prior to the January 12 Deadline in Securities Fraud Class Action
Newsfile· 2025-12-03 20:36
Core Viewpoint - A class action lawsuit has been filed against Freeport-McMoRan Inc. for securities fraud, following significant stock drops attributed to alleged violations of federal securities laws [2][4]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the District of Arizona, titled Reed v. Freeport-McMoRan Inc., et al., No. 2:25-cv-04243, with investors having until January 12, 2026, to seek lead plaintiff status [4]. - The complaint alleges violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Freeport securities [4]. Group 2: Company Operations and Safety Claims - Freeport operates the Grasberg Copper and Gold Mine in Indonesia, where it has been accused of overstating its commitment to safety while conducting unsafe mining practices [5][6]. - The company had previously promoted its safety measures, including the use of data and technology to prevent fatal incidents [5]. Group 3: Stock Price Impact - On September 9, 2025, Freeport's stock dropped by $2.77 per share (over 5.9%) following a press release about suspended mining operations due to a landslide [7]. - Following an update on September 24, 2025, indicating two fatalities and a projected 4% and 6% decrease in copper and gold sales, respectively, the stock fell by $7.69 per share (almost 17%) [8]. - Additional reports on September 25, 2025, regarding strained relations with the Indonesian government led to a further decline of $2.33 per share (over 6%) [10]. - An Indonesian news report on September 28, 2025, suggested the incident was preventable, further impacting investor confidence [11].