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Rogers Communications Inc. Announces Pricing of Public Offering of US$750 million Fixed-to-Fixed Rate Subordinated Notes and Canadian Private Placement of Cdn$1.25 billion Fixed-to-Fixed Rate Subordinated Notes
Globenewswire· 2026-03-25 02:05
Core Viewpoint - Rogers Communications Inc. has announced the pricing of two offerings: US$740 million in US Notes and $1.24 billion in Cdn Notes, aimed at repaying outstanding indebtedness [1]. Group 1: Offering Details - The US Notes will be issued as part of an effective shelf registration statement on Form F-10 and are not being offered in Canada or to Canadian residents [2]. - The Cdn Notes will not be registered under the Securities Act of 1933 and are offered exclusively to residents in Canada through a private placement [3]. - The US Notes have a fixed-to-fixed rate of 6.875% and are due in 2056, while the Cdn Notes have a fixed-to-fixed rate of 6.250% and are also due in 2056 [7]. Group 2: Financial Implications - The net proceeds from the US Notes are expected to be approximately US$740 million, while the Cdn Notes are expected to yield around $1.24 billion, both intended for debt repayment [1]. - The offerings are expected to close on March 27, 2026 [1]. Group 3: Company Overview - Rogers Communications Inc. is a major communications, sports, and entertainment company in Canada, publicly traded on both the Toronto Stock Exchange and the New York Stock Exchange [5]. - For more information, the company provides resources on its investor relations website [5].
Relativity Acquisition Corp. Shareholders Approve Business Combination with Instinct Brothers
Globenewswire· 2026-03-24 23:00
Group 1: Business Combination Announcement - Relativity Acquisition Corp. has received shareholder approval for its business combination with Instinct Bio Technical Company Inc., a leader in the stem cell and regenerative medicine sector [1] - The closing of the business combination is anticipated in the coming weeks, pending the satisfaction or waiver of all closing conditions [2] Group 2: Company Overview - Instinct Brothers operates as an integrated regenerative medicine and stem cell technology company, focusing on research, manufacturing, and commercialization of stem cell-derived products [3] - The company employs a vertically integrated model that combines scientific innovation, advanced manufacturing, and branding expertise to ensure high-quality products throughout the product lifecycle [3] Group 3: Relativity Acquisition Corp. Overview - Relativity Acquisition Corp. is a blank check company aimed at merging with businesses that have disruptive potential in health, wellness, and technology sectors [4]
Domestic Metals Announces Closing of First Tranche and Extension of Private Placement
Globenewswire· 2026-03-24 22:57
Group 1 - Domestic Metals Corp. has closed the first tranche of a private placement, issuing 11,205,505 units at a price of $0.28 per unit, resulting in gross proceeds of $3,137,541.40 [1] - Each unit consists of one common share and one common share purchase warrant, with warrants allowing the purchase of additional shares at $0.40 for three years [1] - The company has received an extension to close a final tranche of the offering by April 13, 2026, and all securities issued will have a hold period of four months plus one day [4] Group 2 - A total of 553,570 units were issued to a director and a related company, qualifying as a related party transaction under MI 61-101, with exemptions from formal valuation and minority approval requirements [2] - Finders received 7% cash and 7% non-transferable finder's warrants, with specific amounts detailed for each finder involved in the transaction [3] Group 3 - Domestic Metals Corp. is focused on discovering large-scale copper and gold deposits in historical mining project areas in the Americas [7] - The Smart Creek Project, located in Montana, contains widespread copper mineralization and multiple attractive exploration targets [8][9] - The company is led by an experienced management and technical team with a successful track record in mine discovery and financing [9]
17 Education & Technology Group Inc. Announces Fourth Quarter and Fiscal Year 2025 Unaudited Financial Results
Globenewswire· 2026-03-24 22:00
Core Insights - 17 Education & Technology Group Inc. reported steady progress in its core business and successfully launched a new AI membership product, 'Yiqi Aixue,' which aligns with the national 'AI + Education' initiative, showing strong pre-sale orders and positive market feedback [4][36]. Fourth Quarter 2025 Highlights - Net revenues for Q4 2025 were RMB38.9 million (US$5.6 million), a year-over-year increase of 6.4% from RMB36.6 million in Q4 2024, driven by the school-based subscription model [5][6]. - Gross margin improved to 46.1%, up from 33.6% in Q4 2024, attributed to higher contributions from the subscription business [9]. - Net loss decreased to RMB53.0 million (US$7.6 million) from RMB63.7 million in Q4 2024, with net loss as a percentage of net revenues improving to negative 136.1% from negative 174.2% [15][16]. Fiscal Year 2025 Highlights - Total net revenues for 2025 were RMB106.0 million (US$15.2 million), a decrease of 44.0% from RMB189.2 million in 2024, primarily due to reduced revenues from district-level projects [18]. - Gross profit for 2025 was RMB50.6 million (US$7.2 million), down 26.8% from RMB69.2 million in 2024, while gross margin improved to 47.8% from 36.6% [20]. - Net loss for 2025 was RMB154.4 million (US$22.1 million), a 20.0% decrease from RMB192.9 million in 2024, with net loss as a percentage of net revenues at negative 145.6% compared to negative 102.0% in 2024 [27][28]. Cash Position - As of December 31, 2025, the company maintained a healthy cash balance of RMB407.0 million (US$58.2 million), an increase from RMB359.3 million at the end of 2024, indicating a promising trajectory for new AI-powered offerings [29].
Erdene Announces 2025 Results - Provides Bayan Khundii Gold Mine and Exploration Update
Globenewswire· 2026-03-24 21:36
Core Viewpoint - Erdene Resource Development Corp. reported strong operational and financial results for the year ended December 31, 2025, highlighting the successful launch of the Bayan Khundii Gold Mine and ongoing exploration efforts in the Khundii Minerals District, positioning the company for future growth [2][3]. Financial Performance - The company produced and sold 7,434 ounces of gold and 2,634 ounces of silver in 2025, generating gross project revenues of US$31 million, with an average gold price of US$4,187 per ounce and silver at US$54 per ounce [5][9]. - The net loss for the year was US$8,181,842, a slight improvement from a net loss of US$8,245,886 in 2024 [14]. - Exploration and evaluation expenses increased to US$2,448,232 in 2025 from US$1,852,642 in 2024, primarily due to expenditures related to the Tereg Uul property [14]. Operational Highlights - Construction of the Bayan Khundii Gold Mine was completed in Q3 2025, with the mine designed to process 650,000 tonnes of ore and produce up to 85,000 ounces of gold annually [9]. - The mill achieved up to 88% of nameplate throughput in December 2025, with direct construction costs totaling US$120 million, approximately 20% within the project budget [9]. - The company advanced its wholly owned projects, including an updated independent mineral resource estimate for the Zuun Mod Molybdenum-Copper project, confirming it as one of Asia's largest undeveloped projects [3][9]. Exploration and Development - Recent exploration at the Dark Horse area expanded gold mineralization, with notable intersections including 9 g/t gold over 19 meters and 28.7 g/t gold over 3 meters [9]. - The company entered an option agreement to acquire up to 80% of the Tereg Uul Copper-Gold Project, located approximately 10 km southwest of the Oyu Tolgoi deposit [14]. - A preliminary economic assessment for the Zuun Mod project is planned for completion in mid-2026 [14]. Community Engagement - Approximately 40% of site personnel are residents of Bayankhongor province, and 14% of direct employees are female, reflecting the company's commitment to local community development [9].
Epirus, General Dynamics Land Systems and Kodiak AI Unveil New Autonomous HPM System for Counter-UAS
Globenewswire· 2026-03-24 21:34
Core Viewpoint - The Leonidas Autonomous Ground Vehicle (AGV) is a collaboration between Epirus, General Dynamics Land Systems, and Kodiak AI, designed to provide a mobile, autonomous counter-UAS capability for critical point defense and homeland security missions [1][3][4]. Group 1: Product Features - Leonidas AGV integrates Epirus' high-power microwave platform with Kodiak's AI-powered autonomous driving system, enabling it to operate without human intervention or through teleoperation [3][4]. - The vehicle is designed for rapid deployment to intercept points and can maneuver to protect critical assets from various drone threats, including individual and swarm attacks [4][5]. - The system's modular architecture allows it to operate in diverse environments, ensuring reliable movement in areas where human operation may be inefficient or unsafe [6]. Group 2: Strategic Importance - The Leonidas AGV addresses the need for a new approach to defense against saturation drone attacks, combining autonomous mobility with high-power microwave technology [7]. - This collaboration aims to enhance the U.S. military's capabilities by integrating advanced technologies into a commercial vehicle, ensuring soldiers have effective tools for battlefield success [7]. - The vehicle is positioned as a scalable and adaptable solution for national security, meeting the military's demand for cost-effective autonomous ground vehicles [7]. Group 3: Company Backgrounds - Epirus is a technology company focused on national security challenges, with its flagship product being the Leonidas high-power microwave platform [8]. - General Dynamics Land Systems specializes in land combat vehicles, providing innovative design and support for military applications [9]. - Kodiak AI is a leader in AI-powered autonomous vehicle technology, aiming to address critical transportation challenges and support national security initiatives [10].
Skeena Reports Fourth Quarter and Annual 2025 Financial Results
Globenewswire· 2026-03-24 21:31
Core Viewpoint - Skeena Resources Limited is advancing its Eskay Creek Gold-Silver Project towards initial production and cash flow expected in Q2 2027, positioning itself as a leading precious metals development company [2]. Financial Results - The company reported its fourth quarter and annual financial results for the year ended December 31, 2025, with detailed financial statements and management's discussion available on its website and regulatory filings [1]. Project Development - Eskay Creek is fully permitted and under construction, anticipated to be one of the highest-grade and lowest-cost open-pit precious metals mines globally, with significant silver by-product production [2]. Commitment to Sustainability - The company emphasizes responsible and sustainable mining practices in partnership with Indigenous communities, aiming to maximize the value of its mineral resources for long-term shareholder returns [2].
Epsilon Announces Full Year 2025 Results
Globenewswire· 2026-03-24 21:19
Core Insights - Epsilon Energy Ltd. reported significant growth in production and financial performance for the year 2025, with a notable increase in revenues and adjusted EBITDA compared to the previous year [2][3]. Financial Performance - Total revenues for 2025 reached $51.59 million, a 64% increase from $31.52 million in 2024 [31]. - Adjusted EBITDA for 2025 was $30.74 million, reflecting a 75% year-over-year growth [2][39]. - The company reported an adjusted net income of $21.29 million for 2025, compared to $3.64 million in 2024 [2][41]. Production Metrics - Natural gas production increased by 63% year-over-year to 10,001 million cubic feet (MMcf) in 2025, while oil production rose by 20% to 223 thousand barrels (MBbl) [2]. - Total production for 2025 was 11,825 million cubic feet equivalent (MMcfe), a 54% increase from 7,676 MMcfe in 2024 [2]. Capital Expenditures and Investments - Capital expenditures for 2025 were $15.26 million, a 19% increase from the previous year [13]. - The company closed a transformative acquisition of the Peak companies in late 2025, adding approximately 40,000 net acres in the Powder River Basin [7]. Future Outlook - Epsilon plans to increase capital spending significantly in 2026, with expectations to participate in multiple new well developments across its operational areas [14]. - The company anticipates continued organic growth opportunities in the North American onshore upstream sector, supported by its diversified portfolio [9]. Reserves and Asset Management - Proved reserves increased by 86% year-over-year to 156 million cubic feet equivalent (MMcfe) as of December 31, 2025, driven by the acquisition of Wyoming assets [20]. - Probable reserves saw a substantial increase of 250% year-over-year, reflecting the company's strategic asset management [20].
Stack Capital Group Inc. Announces Best Efforts Financing for Up to $15,000,000
Globenewswire· 2026-03-24 21:16
Core Viewpoint - Stack Capital Group Inc. is conducting a private placement to raise up to $15,000,000 through the issuance of units priced at $18.75 each, with the offering expected to close around March 31, 2026 [1][8]. Group 1: Offering Details - The private placement consists of two parts: the LIFE Offering of up to 466,666 units for gross proceeds of up to $8,750,000 and a Concurrent Private Placement of 333,334 units for gross proceeds of up to $6,250,000 [1]. - Each unit includes one common share and one-quarter of a common share purchase warrant, with each warrant exercisable at $23.00 for a period of 24 months [3]. - The net proceeds from the offering will be utilized for investments and general corporate purposes [8]. Group 2: Management Participation - Members of the company management plan to subscribe for at least $1,000,000 of units under the Concurrent Private Placement [2]. - Certain insiders are expected to participate in the offering, which will be treated as a related party transaction [10]. Group 3: Regulatory and Listing Information - The company has applied for the listing of the unit shares, warrants, and warrant shares on the Toronto Stock Exchange, although there is no guarantee that the distribution requirements will be met [4]. - The LIFE Offering is being made under the listed issuer financing exemption, allowing for the unit shares and warrants to be free from resale restrictions under applicable Canadian securities laws [5]. Group 4: Fees and Closing Conditions - A cash fee of 5.0% of the gross proceeds will be paid to the agents at closing, along with a corporate finance fee of $100,000 to the lead agent [9]. - The closing of the LIFE Offering is not contingent on the Concurrent Private Placement and vice versa [7].
Millicom (Tigo) publishes its 2025 Annual Report, highlighting record financial results and expanded regional footprint
Globenewswire· 2026-03-24 21:12
Core Insights - Millicom International Cellular S.A. published its 2025 Annual Report, showcasing record financial results and an expanded regional footprint in Latin America [1][2] Financial Performance - The company achieved record financial results with $5.8 billion in revenue, $1.3 billion in net profit, and $916 million in Equity Free Cash Flow [3] - The significant financial performance reflects the company's long-term commitment to connecting customers and creating shareholder value [2][3] Regional Expansion - Millicom expanded its regional footprint through acquisitions in Ecuador and Uruguay, consolidation in Colombia, and entry into Chile [3] - The company aims to reinforce its position as a leading regional operator in Latin America, focusing on growth opportunities and digital inclusion [3] Company Overview - Millicom is a leading provider of fixed and mobile telecommunications services in Latin America, operating under the TIGO® and Tigo Business® brands [5] - As of December 31, 2025, the company employed approximately 15,000 people and served around 52 million customers, with a fiber-cable footprint covering over 14 million homes [5]