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Future Mineral Changes Name, Consolidates Shares, and Closes Shares for Debt Settlements
Globenewswire· 2025-09-05 01:00
Company Overview - Future Mineral Resources Inc. has changed its name from Sulliden Mining Capital Inc. and will implement a share consolidation of one post-Consolidation Share for every 10 pre-Consolidation Shares effective September 5, 2025 [1][2] - The company currently has 166,875,979 Shares issued and outstanding, which will reduce to approximately 16,687,597 Shares post-Consolidation [2] Share Consolidation Details - No fractional Shares will be issued; any fractional Shares will be disregarded and cancelled without compensation [2] - The exercise or conversion price and the number of Shares issuable under any outstanding convertible securities will be proportionately adjusted upon completion of the Consolidation [2] - Trading of the Company's shares under the new name and ticker "FMR" is expected to commence on or about September 9, 2025, subject to approval from the Toronto Stock Exchange [3] Financial Restructuring - The company has strengthened its balance sheet by entering into four shares for debt agreements, closing on July 29, 2025, with 2227929 Ontario Inc. and three other private companies [4] - An aggregate of 12 million and 24.3 million Shares were issued on a pre-Consolidation basis at a deemed price of approximately $0.05 per share, in payment of approximately $696,234 and $1,242,334 of outstanding indebtedness [5] - The Common Shares issued are subject to a hold period of four months and one day, ending on January 3, 2026 [6] Related Party Transactions - The transaction with 2227929 Ontario Inc., controlled by a director and officer of the company, is classified as a "related party transaction" under Multilateral Instrument 61-101 [7] - The company expects to rely on exemptions from formal valuation and minority shareholder approval requirements for this related party transaction [7] Company Focus - Future Mineral is focused on acquiring and advancing brownfield, development-stage, and early production-stage mining projects across the Americas, Australia, Africa, and Europe [8]
Smithfield Foods Announces Pricing of Upsized Secondary Offering of Common Stock
Globenewswire· 2025-09-05 00:19
Group 1 - Smithfield Foods, Inc. announced a secondary public offering of 19,531,698 shares at a price of $23.25 per share, with an additional option for underwriters to purchase up to 2,929,754 shares [1] - The offering is expected to close on September 8, 2025, subject to customary closing conditions [1] - The company will not receive any proceeds from the sale of shares as it is solely conducted by the principal shareholder, SFDS UK Holdings Limited [1] Group 2 - Morgan Stanley, BofA Securities, and Barclays are acting as joint lead book-running managers for the offering, with Goldman Sachs, Citigroup, and BNP Paribas as joint book-running managers [2] - A registration statement for the offering has been filed and declared effective by the U.S. Securities and Exchange Commission [3] Group 3 - Smithfield Foods is recognized as an industry leader in value-added packaged meats and fresh pork, with a diverse brand portfolio and strong relationships with U.S. farmers and customers [6]
Marimaca Copper – Update to A$80,000,000 Placement
Globenewswire· 2025-09-05 00:00
Core Viewpoint - Marimaca Copper Corp. is conducting a brokered placement to raise approximately A$80 million (C$72.08 million) through the issuance of 8,247,423 Chess Depositary Interests (CDIs) at A$9.70 per CDI to fund project development and exploration activities [1][2][6]. Group 1: Placement Details - The net proceeds from the placement will be allocated to detailed design and engineering work at the Marimaca Oxide Deposit (MOD), exploration at the Pampa Medina Project, and general corporate purposes [2]. - The placement is subject to ASX Listing Rule 7.1 waiver and includes an indicative timetable for trading halt, settlement, and allotment of CDIs [2][3]. - Joint lead managers for the placement are Macquarie Capital (Australia) Limited, Euroz Hartleys Limited, and Beacon Securities Limited [4]. Group 2: Company Overview - Marimaca Copper Corp. is focused on its 100%-owned Marimaca Copper Project and surrounding exploration properties located in the Antofagasta Region, Chile [8]. - The Marimaca Copper Project features the Marimaca Oxide Deposit (MOD), which is currently undergoing a Definitive Feasibility Study led by Ausenco Chile Ltda [9]. - The company is also exploring its extensive land package, including the Sierra de Medina property block, which spans over 15,000 hectares and is located 25 km from the MOD [9].
Visa Marks 28 Years with TIFF and Debuts Exclusive New Experiences for Cardholders
Globenewswire· 2025-09-04 23:09
Core Insights - Visa Canada celebrates its 28th consecutive year as a sponsor of the Toronto International Film Festival (TIFF), coinciding with TIFF's 50th edition, marking a significant milestone for the film industry in Canada [6][7] Group 1: Sponsorship and Community Engagement - Visa's sponsorship aims to enhance access to TIFF, promoting arts, culture, and community engagement [7] - The Visa Sharing the Screen initiative expands TIFF programming access to equity-deserving communities, offering curated events and screenings [11][12] - Since its launch in 2022, the Sharing the Screen initiative has welcomed over 2,000 attendees to various events [12] Group 2: Exclusive Cardholder Benefits - Visa introduces the Visa Infinite Studio, a premium lounge for eligible cardholders, located at 225 King St W, Toronto, open from September 4 to September 10 [8][9] - Eligible Visa Infinite and Visa Infinite Privilege cardholders receive priority access to lounges and screening rooms, along with complimentary beverages and popcorn during films [10] Group 3: Broader Sponsorship Activities - Visa is a global sponsor of major events including the FIFA World Cup 26™, Olympic and Paralympic Games, NFL, and Canada Soccer, showcasing its commitment to sports and cultural events [12][14]
Myriad Genetics Announces Precise MRD Clinical Data Published in The Lancet Oncology
Globenewswire· 2025-09-04 23:00
Core Insights - Myriad Genetics announced the publication of a study in The Lancet Oncology, showcasing the effectiveness of its Precise MRD test for patients with oligometastatic clear-cell renal cell carcinoma (ccRCC) [1][4] Study Findings - The study aimed to assess the benefits of ultrasensitive MRD testing in oligometastatic ccRCC patients, revealing that circulating tumor DNA (ctDNA) levels correlate with responses to metastasis-directed radiation therapy (MDT) [2][3] - The Precise MRD test successfully detected ctDNA in patients with low tumor burden, potentially allowing them to delay or avoid systemic treatments, thus reducing side effects and enabling treatment de-escalation [2][3] Key Metrics - In the Phase 2 trial, patients who were ctDNA negative experienced nearly double the median systemic therapy-free survival compared to ctDNA positive patients [3] - 94% of patients tested at baseline had ctDNA levels below 100 ppm, indicating the effectiveness of the ultrasensitive testing [7] - Patients who tested negative for ctDNA maintained MDT for a median of 54 months, while those who tested positive progressed to systemic therapy within a median of 27 months [7] - Overall survival rates for ctDNA negative patients on MDT were 94% at two years and 87% at three years [7] Test Overview - Myriad's Precise MRD Test utilizes whole genome sequencing to monitor numerous tumor-specific variants, providing high sensitivity and quantification of ctDNA in cancer patients [5] - The test can be employed throughout a patient's clinical journey, starting from diagnosis and continuing through treatment [5] Company Background - Myriad Genetics specializes in molecular diagnostic testing and precision medicine, aiming to enhance health and well-being through advanced genetic and genomic testing solutions [8]
Oportun Awards College Scholarships to Winners of 2025 Oportun Scholarship Program
Globenewswire· 2025-09-04 23:00
Core Insights - Oportun has awarded 25 scholarships in 2025 to students from California and Texas, recognizing their commitment to education and community despite financial challenges [1][3] - Each scholarship recipient will receive four years of access to Oportun's Set and Save™ app and a savings match of up to $500 [2] - The scholarship program has supported 56 scholars over the past three years, focusing on students pursuing full-time undergraduate education in accredited institutions [4] Scholarship Program Details - The program prioritizes students in non-medical STEM or finance-related majors, requiring an essay on education value and financial wellness [5] - Applications for the 2026 scholarship program will open after January 1, 2026, with details to be announced in the Spring [5] Company Overview - Oportun is a mission-driven financial services company that has provided over $20.8 billion in responsible credit and saved members more than $2.5 billion in interest and fees [6] - The company aims to empower members with tools for intelligent borrowing, savings, and budgeting, helping them set aside an average of over $1,800 annually [6]
Newmark Secures $425 Million Refinancing for National Self-Storage Portfolio
Prnewswire· 2025-09-04 22:59
Core Insights - Newmark Group, Inc. has arranged a $425 million loan for Centerbridge Partners and Merit Hill Capital to refinance a national portfolio of 78 self-storage properties [1] - The portfolio consists of nearly 32,000 units across 4.65 million rentable square feet, with an NOI growth exceeding 18% since 2023 [2] - Demand for self-storage units in the U.S. remains strong, with a same-store occupancy rate of 90.7% and robust operational efficiency [3] Company Overview - Newmark Group, Inc. is a leading commercial real estate advisor with over $2.9 billion in revenues for the twelve months ended June 30, 2025, and operates from 165 offices globally [6] - Centerbridge Partners, L.P. manages approximately $43 billion in assets and focuses on private equity, private credit, and real estate investments [4] - Merit Hill Capital has acquired 535 self-storage facilities across 38 states, managing over 34.4 million rentable square feet [5]
Bombardier Announces Pricing of US$250 million of Additional 6.75% Senior Notes due 2033
Globenewswire· 2025-09-04 22:32
Core Viewpoint - Bombardier Inc. has successfully priced an offering of US$250 million in Senior Notes due 2033, which will be a further issuance of its existing US$500 million 6.750% Senior Notes due 2033 [1][3] Group 1: Offering Details - The Additional Notes will carry a coupon of 6.750% per annum and will be sold at a price of 103.500% plus accrued interest from May 29, 2025 [1] - The issuance is expected to close on or about September 18, 2025, subject to customary closing conditions [2] Group 2: Use of Proceeds - Bombardier intends to use the proceeds to fund the repayment and/or retirement of outstanding indebtedness, including the redemption of all remaining 7.125% Senior Notes due 2026 and approximately US$84 million of 7.875% Senior Notes due 2027 [3] - As of the announcement date, there is US$166.289 million outstanding of the 2026 Notes and US$183.142 million outstanding of the 2027 Notes [3] Group 3: Conditions and Assurances - The consummation of the offering and the Conditional Notes Redemptions are subject to market and other conditions, and there is no assurance that Bombardier will successfully complete these transactions [4]
Prime Drink Group Terminates Rights Offering and Announces Private Placement
Globenewswire· 2025-09-04 22:30
Core Viewpoint - Prime Drink Group Corp. has terminated its rights offering and is moving forward with a non-brokered private placement to raise a maximum of $5,000,000 [1] Group 1: Private Placement Details - The private placement will offer units at a price of $5,000 per unit, each consisting of 62,500 common shares and 62,500 transferable share purchase warrants [2] - A maximum of 62,500,000 common shares will be issued at a deemed price of $0.08 per share, along with a maximum of 62,500,000 warrants [2] - Each warrant allows the holder to purchase a common share at $0.085 for two years from the issuance date [2] Group 2: Financial Aspects - The company will pay a cash finders' fee of 6% on the proceeds received from subscribers introduced by arm's-length finders [3] - The net proceeds from the unit offering will be used for business development and general working capital purposes [5] Group 3: Regulatory and Compliance - The units are offered through private placement exemptions from prospectus requirements under applicable securities laws, with resale restrictions including a hold period of four months and one day [4] - The offering is subject to final approval from the Canadian Securities Exchange and other regulatory approvals [4] Group 4: Company Overview - Prime Drink Group Corp. is based in Québec and aims to become a leading diversified holding company in the beverage, influencer media, and hospitality sectors [6]
Bombardier Announces Conditional Notice of Redemption for All of its 7.125% Senior Notes due 2026 and Conditional Notice of Partial Redemption for US$83,711,000 of its 7.875% Senior Notes due 2027
Globenewswire· 2025-09-04 22:15
Core Viewpoint - Bombardier Inc. has announced a conditional redemption of its outstanding Senior Notes, indicating a strategic move to manage its debt obligations effectively [1]. Group 1: Redemption Details - Bombardier issued a conditional notice of redemption for all of its outstanding 7.125% Senior Notes due 2026, with a redemption date set for October 4, 2025 [1]. - A conditional notice of partial redemption for US$83,711,000 of its 7.875% Senior Notes due 2027 has also been issued, with the same redemption date of October 4, 2025 [1]. - The redemption price for both the 2026 and 2027 Notes will be 100% of the principal amount redeemed, plus accrued and unpaid interest [1]. Group 2: Conditions and Payment Process - The redemption of the Notes is contingent upon Bombardier completing a new offering of debt securities totaling at least US$250 million before the redemption dates [1]. - Payment for the redemption will be processed through the Depository Trust Company on October 6, 2025 [2]. - The paying agent for this transaction is Deutsche Bank Trust Company Americas, located in Jacksonville, Florida [2].