LNG Energy Group Informs Material Events
Globenewswire· 2025-07-05 00:11
Core Viewpoint - LNG Energy Group is undergoing a strategic review process to stabilize its operations and enhance liquidity, while facing challenges such as a failure-to-file cease trade order and an event of default under its credit agreement [1][2][3]. Group 1: Financial Reporting and Compliance - The company is expected to file its annual audited financial statements for the fiscal year ended December 31, 2024, within the timeframe granted by the Ontario Securities Commission, which will be part of its application to revoke the failure-to-file cease trade orders [1]. - The company has been in discussions with lenders regarding an event of default under its credit agreement [2]. Group 2: Strategic Initiatives - As part of the strategic review initiated on December 4, 2024, the company is considering various alternatives including financings, corporate reorganization, and strategic partnerships [2]. - The company has decided to terminate long-term gas sales agreements and will evaluate natural gas marketing alternatives that align with current sales volumes and market conditions [2]. Group 3: Operational Focus - LNG Energy Group is focused on stabilizing natural gas production, optimizing costs, and enhancing its liquidity position [3]. - The Colombian branch of the company has applied for insolvency protection under the Proceso de Recuperación Empresarial, which is expected to lead to operational optimization and renegotiation of obligations with suppliers [2]. Group 4: Company Overview - LNG Energy Group is focused on the acquisition and development of natural gas production and exploration assets in Latin America [4].
Titan to Hold AGM on August 20, 2025
Globenewswire· 2025-07-04 23:30
Core Viewpoint - Titan Mining Corporation will hold its annual general meeting on August 20, 2025, with further details to be provided in the management information circular [1] Company Overview - Titan Mining Corporation is a subsidiary of Augusta Group, focused on producing zinc concentrate at its wholly-owned Empire State Mine in New York [2] - The company aims to deliver shareholder value through operational excellence, development, and exploration, with a strong commitment to developing critical minerals assets to enhance domestic supply chain security [2]
Clarification on Hivello Buy-Back Announcement
Globenewswire· 2025-07-04 23:03
Core Insights - Blockmate Ventures Inc. clarifies that the buy-back of 13.5 million $HVLO tokens was executed by the HVLO Association, not Hivello Holdings [1][2] - The buy-back aligns with the Association's commitment to reducing token supply and optimizing ecosystem value, with the tokens permanently removed from circulation [2] Company Overview - Blockmate Ventures Inc. is a Blockchain & Web3 venture builder that invests in and operates scalable blockchain, mining, and digital infrastructure companies [3] - The company's portfolio includes decentralized computing with Hivello and Blockmate Mining, providing diversified exposure to emerging sectors within Web3 [3] Hivello Overview - Hivello serves as an aggregator of DePIN projects, enabling users to participate in various DePIN networks easily [4] - The platform aims to simplify the process for users to earn passive income by utilizing their idle computers, requiring no technical knowledge [4]
Aventis Energy Announces Closing of Flow-Through Financing
Globenewswire· 2025-07-04 22:42
Core Viewpoint - Aventis Energy has successfully closed a non-brokered private placement, raising C$350,000 through the issuance of 1,400,000 flow-through units, which will be used for exploration on its project portfolio [1][3]. Group 1: Offering Details - The private placement consisted of flow-through units priced at C$0.25 each, generating gross proceeds of C$350,000 [1]. - Each flow-through unit includes one common share and half a common share purchase warrant, with the warrant allowing the purchase of one common share at C$0.35 for 24 months [2]. - A total of C$21,000 was paid in cash as finder's fees in connection with the offering [4]. Group 2: Use of Proceeds - The proceeds from the offering will be allocated to eligible Canadian exploration expenses, qualifying as flow-through mining expenditures under the Income Tax Act (Canada) [3]. - All qualifying expenditures will be renounced in favor of the subscribers of the flow-through units effective December 31, 2025 [3]. Group 3: Company Overview - Aventis Energy Inc. is focused on mineral exploration, particularly in battery, base, and precious metals, with projects in stable jurisdictions [6]. - The company is advancing its Corvo Uranium and Sting Copper projects, which have shown promising historical drill results [6][7][8].
Kvika banki hf.: Updated proposals regarding merger discussions with Kvika banki hf.
Globenewswire· 2025-07-04 22:15
Group 1 - Kvika banki hf. has received updated merger proposals from Arion Bank hf. and Íslandsbanki hf. [1] - The Board of Directors of Kvika banki hf. will review the merger proposals and decide on the next steps [1] - Further information will be disclosed in accordance with legal obligations [1] Group 2 - The notice serves as a disclosure of inside information under EU regulation No 596/2014 on market abuse [2] - The regulation is implemented into Icelandic law through the act on measures against market abuse No 60/2021 [2]
AGF Reports June 2025 Assets Under Management and Fee-Earning Assets
Globenewswire· 2025-07-04 21:02
Core Viewpoint - AGF Management Limited reported a total of $55.0 billion in assets under management (AUM) and fee-earning assets as of June 30, 2025, reflecting growth in various asset categories compared to previous periods [1][6]. Group 1: Total AUM and Fee-Earning Assets - Total AUM increased to $52.9 billion as of June 30, 2025, up 2.9% from $51.4 billion in May 2025 and up 14.8% from $46.1 billion in June 2024 [2]. - Total AUM and fee-earning assets reached $55.0 billion, a 2.8% increase from $53.5 billion in May 2025 and a 14.1% increase from $48.2 billion in June 2024 [2]. Group 2: Mutual Fund AUM by Category - Domestic Equity Funds AUM was $4.6 billion, up from $4.5 billion in May 2025 and $4.2 billion in June 2024 [3]. - U.S. and International Equity Funds AUM rose to $20.2 billion from $19.5 billion in May 2025 and $16.3 billion in June 2024 [3]. - Total Mutual Fund AUM reached $32.0 billion, an increase from $31.0 billion in May 2025 and $27.2 billion in June 2024 [3]. Group 3: AGF Capital Partners - AGF Capital Partners AUM remained stable at $2.6 billion as of June 30, 2025, consistent with May 2025 and slightly down from $2.7 billion in June 2024 [3]. - Fee-earning assets for AGF Capital Partners were $2.1 billion, unchanged from both May 2025 and June 2024 [3]. Group 4: Company Overview - AGF Management Limited, founded in 1957, is an independent asset management firm with a focus on public and private markets through three business lines: AGF Investments, AGF Capital Partners, and AGF Private Wealth [4]. - The firm emphasizes responsible and sustainable corporate practices, serving a diverse client base including financial advisors, high-net-worth individuals, and institutional investors [5]. - Headquartered in Toronto, Canada, AGF has operations in North America and Europe, serving over 815,000 investors [6].
Petrolympic Announces Option Grant
Globenewswire· 2025-07-04 20:48
Summary of Key Points Core Viewpoint - Petrolympic Ltd. has granted a total of 2,100,000 options to purchase common shares to its directors and officers at an exercise price of $0.10 per share, with an expiration date of July 4, 2030 [1]. Group 1: Company Actions - The company has issued 2,100,000 options for common shares to its directors and officers [1]. - The exercise price for these options is set at $0.10 per share [1]. - The options will expire on July 4, 2030 [1]. Group 2: Regulatory Information - The TSX Venture Exchange and its regulations services provider have not reviewed or accepted responsibility for the adequacy or accuracy of the release [1].
Montero Announces Completion of Return of Capital and Comments on Share Price Volatility
Globenewswire· 2025-07-04 20:43
Core Points - Montero Mining and Exploration Ltd. has completed a return of capital to its shareholders amounting to C$15,036,892.50 through a cash distribution [1] - The distribution was funded by a portion of the net proceeds from a US$27 million settlement with the Government of Tanzania regarding the Wigu Hill rare earth project [3] - The company has not reported any other material developments aside from the distribution, and recent share price volatility is believed to be linked to this event [2] Financial Details - The total cash distribution to shareholders was C$15,036,892.50, paid out pro rata [1] - The funds for the distribution were derived from a US$27 million settlement related to the expropriation of the Wigu Hill project [3] Shareholder Information - Registered shareholders must complete a letter of transmittal to receive the distribution, which is available on the company's SEDAR+ profile [5] - Following a consolidation of common shares effective May 5, 2025, shareholders received a letter from the transfer agent with instructions for exchanging share certificates [4]
KMT-hansa Enters Into Memorandum of Understanding
Globenewswire· 2025-07-04 20:27
Core Points - KMT-Hansa Corp. has negotiated a debt conversion agreement with a creditor, resulting in the issuance of 2,283,706 common shares in exchange for the cancellation of $171,278 in debt [1][2] Group 1: Debt Conversion Agreement - The debt conversion agreement involves the issuance of common shares to a creditor who is an arm's length party to the corporation [1] - The total debt being cancelled through this agreement amounts to $171,278 [1] - The issuance of the debt shares is subject to approval from NEX and will have a statutory hold period of four months [2] Group 2: Contact Information - For further inquiries, Donald Wu, the Chief Executive Officer, can be contacted via email at info@kmt-hansa.com [2]
Sale of Working Interests in Sara & Suri Block
Globenewswire· 2025-07-04 20:23
Core Viewpoint - Jura Energy Corporation has announced the sale of its entire 60% working interest in the Sara & Suri Block to Oil and Gas Development Company Limited (OGDCL), along with the transfer of operatorship, as part of a strategic move to streamline its asset portfolio and reduce costs [1][2][3]. Group 1: Sale Transaction Details - The sale transaction involves Spud Energy (Pty) Limited, a wholly owned subsidiary of Jura, transferring its 60% working interest and operatorship of the Sara & Suri Block to OGDCL, effective April 30, 2025, subject to regulatory approval [1][7]. - OGDCL will pay a gross consideration of US$105,000 to Spud and will assume all obligations related to the Sara & Suri Block, including abandonment and reclamation obligations [7]. - The anticipated reduction in monthly operating costs for Spud is approximately US$12,000 [8]. Group 2: Rationale Behind the Sale - The decision to sell is influenced by the shut-in production from the Sara & Suri Block since July 2023 due to a significant drop in pressure and flow rates, leading to potential abandonment and reclamation obligations of approximately US$1.5 million [2][8]. - Jura aims to unlock shareholder value through this divestment while also pursuing enforcement of arbitration awards against Petroleum Exploration (Pvt.) Limited (PEL) [3][4]. Group 3: Arbitration Proceedings - Jura is involved in two arbitration proceedings against PEL regarding the Badin IV North and South blocks, with the first arbitration resolved in favor of Jura in December 2024 [4]. - The second arbitration is ongoing and is being pursued through the International Chamber of Commerce [4]. Group 4: Regulatory and Closing Conditions - The sale of the Sara & Suri Block is subject to regulatory approval in Pakistan and customary closing conditions, with an expected closing date near the end of Q4 2025 [5].