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Fairfax Announces Quarterly Dividend on Series I, J And K Preferred Shares
Globenewswire· 2025-12-01 22:02
Core Points - Fairfax Financial Holdings Limited has declared quarterly dividends for its preferred shares, with specific amounts and payment dates outlined [1] - The company plans to redeem all outstanding Cumulative 5-Year Rate Reset Preferred Shares, Series I, and Cumulative Floating Rate Preferred Shares, Series J, on December 31, 2025 [2] - Fairfax operates primarily in property and casualty insurance and reinsurance, along with investment management through its subsidiaries [2] Summary by Category Dividends - Series I preferred shares will receive a dividend of C$0.207938, payable on December 31, 2025, with a record date of December 15, 2025 [1] - Series J preferred shares will receive a dividend of C$0.34727, payable on December 30, 2025 [1] - Series K preferred shares will receive a dividend of C$0.315313, payable on December 31, 2025 [1] Redemption Plans - Fairfax intends to redeem all outstanding Series I and Series J preferred shares on December 31, 2025 [2] Company Overview - Fairfax is a holding company engaged in property and casualty insurance, reinsurance, and investment management through its subsidiaries [2]
Urbanfund Corp. Announces Refinancing of Toronto Residential Property
Globenewswire· 2025-12-01 22:00
TORONTO, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Mitchell Cohen, Chief Executive Officer and President of Urbanfund Corp. (TSX-V: UFC) (“Urbanfund” or the “Company”), is pleased to announced today that it completed the refinancing of its townhouse complex located at 3080-3094 Don Mills Road and 200 Van Horne Avenue, Toronto. The new $16.3 million mortgage financing, provided by First National Financial LP, carries a fixed interest rate of 3.55% for a term of five years. The refinancing proceeds were used to fully ...
VCI Global Announces Strategic Transformation to Become Regional Leader in AI Infrastructure, Stablecoin Payments, and Digital Asset Advisory
Globenewswire· 2025-12-01 22:00
Company Restructures Around Three High-Growth Pillars and Initiatives, Multi-IPO Carve-Off Strategy to Unlock Shareholder Value Across ASEA and MENAKUALA LUMPUR, Malaysia, Dec. 01, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”) today announced a comprehensive strategic transformation to reposition the Company as a leading provider of AI infrastructure, stablecoin payment solutions, and digital asset advisory services across the high-growth ASEAN and MENA regions. ...
Entrée Resources Announces Retirement of Director and Appointment of New Board Member
Globenewswire· 2025-12-01 22:00
VANCOUVER, British Columbia, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Entrée Resources Ltd. (TSX:ETG; OTCQB:ERLFF – the “Company” or “Entrée”) today announces Dr. Michael Price will be retiring from the Board of Directors (the “Board”) of the Company effective December 31, 2025, after more than seven years of dedicated service. Alan Edwards, Entrée’s Non-Executive Chair of the Board commented, “We would like to thank Dr. Price for his contributions and commitment as an independent director and a member of the Audi ...
Greenridge Exploration Announces Flow-Through Financing
Globenewswire· 2025-12-01 22:00
Core Viewpoint - Greenridge Exploration Inc. is initiating a non-brokered private placement to raise up to C$2,000,000 through the sale of flow-through units, aimed at funding exploration activities on its project portfolio [1][4]. Group 1: Offering Details - The Offering will consist of up to 5,714,286 flow-through units priced at C$0.35 each, with each unit comprising one common share and one purchase warrant [1][2]. - Each warrant allows the holder to purchase one common share at C$0.40 for a period of 24 months from issuance [2]. - The Offering is subject to necessary approvals, including from the Canadian Securities Exchange [5]. Group 2: Use of Proceeds - Proceeds from the Offering will be allocated to eligible Canadian exploration expenses qualifying as flow-through mining expenditures related to the Company's projects [4]. - All qualifying expenditures will be renounced in favor of the subscribers effective December 31, 2025 [4]. Group 3: Company Overview - Greenridge Exploration Inc. is focused on mineral exploration, owning interests in 21 projects covering approximately 281,100 hectares, with a focus on uranium, lithium, nickel, copper, and gold [6][8]. - The Company has one of the largest uranium property portfolios in Canada, with 13 projects covering about 194,350 hectares [7]. - The management team possesses significant expertise in capital raising and advancing mining projects, positioning the Company to attract new investors [8].
South Plains Financial, Inc. Deepens its Commitment to the Houston Market with the Acquisition of BOH Holdings, Inc.
Globenewswire· 2025-12-01 21:34
Core Viewpoint - South Plains Financial, Inc. has announced a definitive merger agreement to acquire BOH Holdings, Inc. in an all-stock transaction valued at approximately $105.9 million, enhancing its position as a leading community bank in Texas and expanding its footprint in the Houston market [1][2][5] Transaction Details - The merger will result in BOH being merged into South Plains, with South Plains as the surviving entity [1] - The transaction is valued at approximately $105.9 million, representing a price to estimated 2027 earnings ratio of 6.8x [5][6] - Upon completion, the pro forma company will have approximately $5.4 billion in assets, $3.8 billion in loans, and $4.6 billion in deposits [2][5] Strategic Rationale - The acquisition is part of South Plains' strategy to accelerate earnings power and expand its market reach through both organic growth and mergers and acquisitions [4] - The merger is expected to be 11% accretive to South Plains' earnings per share in 2027, with an attractive tangible book value per share earnback of less than 3.0 years [5] - The transaction will provide important scale in one of the fastest-growing metropolitan statistical areas (MSAs) in the country [5] Leadership and Integration - Following the merger, Jim Stein, CEO of BOH, will join South Plains and continue to lead the Houston team, ensuring continuity and integration of operations [4][6] - The cultural alignment between South Plains and BOH is emphasized as a critical factor for successful integration [4] Approval and Timeline - The boards of directors of both companies have unanimously approved the transaction, which is expected to close in the second quarter of 2026, pending regulatory approvals and BOH shareholder approval [7]
Argo Corporation Reports Third Quarter 2025 Financial Results
Globenewswire· 2025-12-01 21:30
TORONTO, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Argo Corporation (TSXV: ARGH), (OTCQX: ARGHF) ("Argo" or the "Company"), a leader in next-generation transit solutions, announced its financial results for the quarter ended September 30, 2025 (“Q3 2025”). All figures are in Canadian dollars unless otherwise noted. In Q3 2025, the Company demonstrated the continued success of its proprietary Smart Routing™ AI-powered transit infrastructure solution for municipalities. This end-to-end platform combines Argo’s X1 ele ...
Capital Power provides notice of Preferred Shares (Series 1) conversion privilege and dividend rate notice
Globenewswire· 2025-12-01 21:30
Core Viewpoint - Capital Power Corporation has announced the conversion privilege and dividend rate for its Cumulative Rate Reset Preference Shares, Series 1, allowing shareholders to convert to Cumulative Floating Rate Preference Shares, Series 2, during a specified election period [1][2]. Summary by Sections Conversion Details - The election period for converting Series 1 Shares to Series 2 Shares is from December 1, 2025, to December 16, 2025, at 5:00 p.m. Toronto time [2]. - If no election notice is received by the deadline, holders will not convert their shares, except in cases of automatic conversion [3]. Dividend Rates - The fixed annual dividend rate for Series 1 Shares is set at 4.95800% for the period from December 31, 2025, to December 31, 2030 [4]. - The floating quarterly dividend rate for Series 2 Shares is set at 1.08197% for the first quarterly period from December 31, 2025, to March 31, 2026, and will be reset quarterly thereafter [4]. Shareholder Information - Series 1 Shares are issued in "book entry only" form, with CDS Clearing and Depository Services Inc. as the sole registered holder [5]. - Beneficial holders must contact their brokers to exercise conversion rights before the deadline [5]. Automatic Conversion - An automatic conversion will occur if fewer than 1,000,000 Series 1 Shares remain outstanding after the election period, converting them to Series 2 Shares on a one-for-one basis [6]. - Currently, there are 5,000,000 Series 1 Shares outstanding [6]. Listing Information - The Toronto Stock Exchange has conditionally approved the listing of Series 2 Shares, which will be listed under the trading symbol CPX.PR.B upon conversion [7]. Company Overview - Capital Power is a growth-oriented power producer with approximately 12 GW of power generation capacity across 32 facilities in North America, focusing on reliable and affordable power delivery and lower-carbon power systems [11].
Jasper Therapeutics to Host an Investor Webinar on December 2nd to Present Preliminary Data from ETESIAN Study in Asthma and Findings from BEACON Study Investigation
Globenewswire· 2025-12-01 21:30
Webinar to be held Tuesday, December 2nd, at 8:00 am ETREDWOOD CITY, Calif., Dec. 01, 2025 (GLOBE NEWSWIRE) -- Jasper Therapeutics, Inc. (Nasdaq: JSPR) (Jasper or the Company), a clinical stage biotechnology company focused on development of briquilimab, a novel antibody therapy targeting c-Kit (CD117) to address mast cell driven diseases such as chronic spontaneous urticaria (CSU), chronic inducible urticaria (CIndU) and asthma, today announced that the Company will host a webinar to present findings from ...
Precision Aerospace & Defense Group, Inc. to Combine with FACT II Acquisition Corp. to Become Publicly Listed Company
Globenewswire· 2025-12-01 21:30
Highlights Precision Aerospace & Defense Group, Inc. (“PAD”) to merge with FACT II Acquisition Corp. (NASDAQ: FACT) (“FACT”), creating a Nasdaq-listed holistic solutions provider in the aerospace, defense and space industries.PAD’s strong growth, platform strengths, blue-chip customer relationships, robust committed backlog and strategic accretive pipeline to provide attractive combination for public market investors.The transaction values PAD at up to a $320 million implied enterprise value (assuming a $10 ...