Cenovus Energy announces $2.6 billion offering of senior notes
Globenewswire· 2025-11-19 01:50
Core Viewpoint - Cenovus Energy Inc. has announced the pricing of a $2.6 billion offering of senior unsecured notes, which includes both Canadian and U.S. dollar denominated notes [1][2]. Group 1: Offering Details - The offering consists of four tranches: Canadian Notes totaling $1.2 billion and U.S. Notes totaling $1.0 billion [1]. - The Canadian Notes include $650 million with a 4.25% coupon maturing on March 20, 2033, and $550 million with a 4.60% coupon maturing on November 20, 2035 [2]. - The U.S. Notes consist of $500 million with a 4.65% coupon maturing on March 20, 2031, and $500 million with a 5.40% coupon maturing on March 20, 2036 [2]. Group 2: Use of Proceeds - The net proceeds from the offerings will be used to redeem $750 million of 3.60% senior notes due 2027, $373 million of 4.25% senior notes due 2027, and $600 million of 5.875% senior notes from MEG Energy Corp. due 2029, along with general corporate purposes [3]. Group 3: Underwriting and Regulatory Information - The notes are being offered through a syndicate of dealers led by CIBC Capital Markets, J.P. Morgan Securities LLC, TD Securities Inc., Goldman Sachs & Co. LLC, and Mizuho Securities USA LLC [4]. - The Canadian Notes are offered in all provinces and territories of Canada, while the U.S. Notes are offered under a prospectus supplement filed with the SEC [5].
Fortuna Expands Mineral Reserves and Mineral Resources for the Séguéla Mine, Côte d'Ivoire
Globenewswire· 2025-11-19 01:06
Core Insights - Fortuna Mining Corp. has reported updated Mineral Reserves and Mineral Resources for the Séguéla Mine, with 1.2 million ounces of gold in Mineral Reserves and significant increases in both Indicated and Inferred Resources [1][7][14]. Mineral Reserves and Resources Summary - The Séguéla Mine has Proven and Probable Mineral Reserves of 13.0 million tonnes containing 1.2 million ounces of gold, reflecting an 11% increase from December 31, 2024 [14]. - Measured and Indicated Mineral Resources, exclusive of Mineral Reserves, increased by 100% to 794,000 ounces of gold, while Inferred Mineral Resources rose by 15% to 712,000 ounces [7][18]. - The Kingfisher and Sunbird deposits host the largest Mineral Reserves and Resources, with mineralization remaining open at both sites [7][18]. Exploration and Development Activities - Ongoing exploration efforts include aggressive infill drilling programs and evaluations for potential plant expansion, aiming to extend the mine's life to 7.5 years [2][19]. - The completion of an underground mining study is expected to convert up to 502,000 gold ounces of Sunbird Indicated Resources into Mineral Reserves by December 2025 [7][22]. - Current drilling activities are focused on upgrading Inferred to Indicated Resources at the Sunbird Underground Project and evaluating mineralization potential across the property [19]. Processing Plant Expansion - The processing plant at Séguéla, commissioned in mid-2023, is expected to increase its throughput capacity to between 2.0 and 2.5 million tonnes per year by 2026 [20][21]. - Engineering studies for further expansion of processing plant capacity have been initiated, supported by improved visibility on mine life and resource growth [21][22]. Financial and Operational Metrics - The gold grade in Mineral Reserves decreased by 17% to 2.81 g/t Au, attributed to the inclusion of the Kingfisher deposit and depletion of higher-grade materials [14][15]. - The estimated gold price used for Mineral Reserve calculations is US$2,300/oz, with metallurgical recovery rates averaging 93.5% [12][15].
Global capital is on the move as investors redraw the real estate map
Globenewswire· 2025-11-19 01:00
Core Insights - The 2026 Global Investor Outlook by Colliers indicates a shift in investor behavior towards active capital deployment and diversification across sectors and regions, driven by improving market fundamentals and returning liquidity [1][2][3] Investment Strategies - Nearly 49% of investors prefer direct investments and separate accounts, with a growing interest in platform joint ventures and M&A, while private equity and secondary funds are increasingly targeting property-owning entities and operating businesses [2][3] - A significant 37% of investors are leaning towards core and core-plus strategies, despite only 9% of real estate funds being raised in these areas, highlighting a disconnect between investor appetite and fund orientation [2] Market Dynamics - Multi-regional strategies now account for nearly 30% of global fundraising, with North America’s share decreasing from 50% in 2024 to 40% in 2025 YTD, while Europe and Asia Pacific saw increases of 50% and 130% year-on-year, respectively [3] - Data centres have become the second-most popular asset type, representing 31% of global real estate funds raised from Q1 to Q3 2025, while offices are experiencing a global rebound [4][5] Sector Performance - Industrial, multifamily, and retail assets continue to attract capital, particularly in markets with strong fundamentals and limited supply, focusing on logistics hubs and urban residential growth corridors [6] - Investors are increasingly looking to reposition existing assets for value creation, with a focus on adaptive reuse in supply-constrained markets, particularly in APAC and Europe [7] Regional Insights - In the United States, pent-up capital and attractive valuations are driving renewed activity, especially in multifamily, industrial, and data centres [12] - Europe remains a key destination for global capital, with office and industrial sectors leading a rebound amid improving liquidity [12] - APAC is witnessing robust growth prospects, boosting demand for office, logistics, and emerging alternatives like data centres and student housing [12] - Canada’s appeal as a safe haven, along with supply constraints in multifamily and retail sectors, is enhancing investor confidence [12]
Kaldvik AS (KLDVK): Q3 2025 Webcast results 21 November 2025 at 09:00 (CET)
Globenewswire· 2025-11-19 00:22
Group 1 - Kaldvik AS will hold a presentation of its interim report for Q3 2025 on November 21, 2025, at 09:00 CET [1] - The presentation will be conducted by the company's CEO Vidar Aspehaug and CFO Róbert Róbertsson [1] - The quarterly presentation will be available online in English, and participants can ask questions after the session [1] Group 2 - The Q3 2025 results will be released on November 21, 2025, at 07:00 CET [1] - Contact information for CFO Róbert Róbertsson is provided for further inquiries [2] - The information is disclosed in accordance with the Norwegian Securities Trading Act [2]
Fobi AI Announces Appointment of New Auditor
Globenewswire· 2025-11-19 00:14
Core Points - Fobi AI Inc. has changed its auditors from MNP LLP to Can Partners LLP effective November 17, 2025 [1][2] - The new auditor will perform the audit of the annual financial statements for the financial year ended June 30, 2025 [2] - There were no reservations or reportable events noted in the audit reports from the former auditor [3] Company Overview - Fobi AI, founded in 2017 in Vancouver, Canada, specializes in AI and data intelligence to facilitate digital transformation for businesses [5] - The company provides real-time applications that help businesses leverage customer data for personalized experiences and promotes digital sustainability [5] - Fobi collaborates with major global organizations across various sectors, including retail, insurance, sports, and hospitality, and is recognized as a leader in data intelligence in North America and Europe [6]
0749116 B.C. Ltd. (Now Terra Rossa Gold Ltd.) Announces Effective Date for Name Change
Globenewswire· 2025-11-18 23:59
Core Points - The company has officially changed its name to "Terra Rossa Gold Ltd." and will begin trading under this new name on November 21, 2025 [1][2] - The common shares will continue to trade on the TSX Venture Exchange under the ticker symbol "TRR" with a new CUSIP of 88104W109 and ISIN CA88104W1095 [2] - The name change coincides with the company's wholly-owned subsidiary changing its name to "TRG Exploration Corp." [2] - The name change was initially planned to take effect with the completion of a reverse takeover transaction that closed on October 20, 2025, but was delayed due to a labor dispute affecting the British Columbia Registries [2]
Online trading platform moomoo opens first Australian store
Globenewswire· 2025-11-18 23:40
Core Insights - Moomoo has opened its first retail presence in Sydney, marking a significant milestone for the online broker in Australia [1][3] - The store aims to enhance investment education and provide personalized support for users of the app [1][2] Company Overview - Moomoo Australia and New Zealand is an AI-powered investment platform offering real-time market data, access to over 26,000 shares and ETFs, and a trading community [5] - The platform is owned by Futu Holdings, a global fintech company listed on Nasdaq, and operates in eight markets worldwide [5] Market Position - Moomoo is currently the most-downloaded trading app in Australia as of 2025, reflecting its growing popularity [3][6] - The new store is designed to cater to users seeking in-person interaction to enhance their trading experience and confidence [4]
Teck Named as One of Canada’s Top 100 Employers
Globenewswire· 2025-11-18 23:13
Core Insights - Teck Resources Limited has been recognized as one of Canada's Top 100 Employers for the ninth consecutive year, highlighting its exceptional human resource programs and innovative workplace policies [1][2]. Group 1: Company Recognition - The recognition by Mediacorp Canada emphasizes Teck's commitment to fostering a supportive work environment that contributes to employee growth and career development [2]. - Teck's President and CEO, Jonathan Price, stated that the company's workforce is crucial for its success and for supporting economic growth in the communities where it operates [2]. Group 2: Evaluation Criteria - Mediacorp evaluates employers based on eight criteria, including health benefits, financial and family benefits, community involvement, employee communications, and training and skills development [2]. Group 3: Company Overview - Teck is a leading Canadian resource company focused on providing essential metals for economic development and the energy transition, with a strong portfolio of copper and zinc operations across North and South America [4]. - The company aims to create value through responsible growth and maintaining resilience based on stakeholder trust [4].
Carlyle Credit Income Fund Announces Fourth Quarter and Full Year 2025 Financial Results and Declares Monthly Common and Preferred Dividends
Globenewswire· 2025-11-18 22:53
Core Viewpoint - Carlyle Credit Income Fund announced its financial results for the fourth quarter and full year ended September 30, 2025, highlighting a focus on long-term success and portfolio enhancement through strategic resets and refinancings [2][3]. Financial Performance - Net investment income for the fourth quarter was $0.15 per common share, with adjusted net investment income at $0.17 per common share and core net investment income at $0.32 per common share [3]. - The net asset value per common share was reported at $6.13 as of September 30, 2025, with a total fair value of investments amounting to $192.2 million [3]. Dividends - The Fund is maintaining a monthly dividend of $0.1050 per share for December 2025, January, and February 2026, which translates to an annualized dividend yield of 24.14% based on the share price as of November 12, 2025, or 20.55% based on the Fund's NAV as of September 30, 2025 [4][9]. - Additionally, dividends for the Fund's 7.375% Series D Term Preferred Shares are set at $0.1536 per share for the same months [5][6]. Investment Strategy - The Fund funded $34.9 million in new CLO investments with a weighted average GAAP yield of 13.65% as of September 30, 2025, while the aggregate portfolio weighted average GAAP yield was 14.44% [9]. - A $30 million Credit Facility was established, allowing borrowings at a rate of SOFR + 3.25%, with the potential to increase to $50 million [9]. Company Overview - Carlyle Credit Income Fund is an externally managed closed-end fund focused on investing primarily in equity and junior debt tranches of collateralized loan obligations (CLOs), which are backed by U.S. senior secured loans across various industries [11].
ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of October 2025
Globenewswire· 2025-11-18 22:30
DENVER, Nov. 18, 2025 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial"), today announced that BANX’s estimated and unaudited Net Asset Value (“NAV”) as of October 31, 2025, was $22.41. This estimated NAV is not a comprehensive statement of our financial condition or results for the month ended October 31, 2025. About ArrowMark Financial Corp. ArrowMark Financial Corp. is an SEC registered non-diversified, closed-end fund listed on the NASDAQ Global Select Market under the ...