FinVolution Group Announces Proposed Offering of US$130 Million Convertible Senior Notes
Prnewswire· 2025-06-20 00:00
Core Viewpoint - FinVolution Group announced a proposed offering of convertible senior notes totaling US$130 million, with an option for an additional US$20 million, aimed at institutional buyers under Rule 144A of the Securities Act [1][9] Group 1: Notes Offering Details - The convertible senior notes will mature on July 1, 2030, unless repurchased, redeemed, or converted prior to that date [3] - Holders can convert their notes into cash, American Depositary Shares (ADSs), or a combination of both at the company's discretion [4] - The company plans to use the net proceeds from the offering for international business expansions, replenishing working capital, and funding a concurrent repurchase of ADSs [2] Group 2: Repurchase and Market Impact - The concurrent repurchase will involve buying back ADSs from certain purchasers of the notes, facilitating initial hedging for those investors [6] - The repurchase activities may influence the market price of the ADSs and the trading price of the notes [7][8] - The repurchase price for the notes will be equal to 100% of the principal amount plus any accrued interest [5] Group 3: Company Overview - FinVolution Group is a leading fintech platform in China, Indonesia, and the Philippines, established in 2007, focusing on connecting young borrowers with financial institutions [11] - As of March 31, 2025, the company had 216.2 million cumulative registered users across its platforms [11]
Cygnus raises $18.3m to accelerate resource growth and mining studies
Globenewswire· 2025-06-19 23:30
Core Viewpoint - Cygnus Metals Limited has successfully raised A$18.3 million through a share placement to accelerate exploration and resource development at its Chibougamau Copper-Gold Project, following promising drilling results at the Corner Bay deposit and Golden Eye prospect [4][7]. Company Summary - Cygnus Metals Limited (ASX: CY5) is focused on advancing its Chibougamau Copper-Gold Project in Quebec, Canada, and has a diversified portfolio that includes lithium and rare earth element projects [12]. - The company aims to enhance resource growth and develop a hub-and-spoke operation model with a centralized processing facility [12]. Financial Details - The share placement involved issuing 212,790,697 fully paid ordinary shares at an issue price of A$0.086 per share, representing an 8.5% discount to the last sale price of A$0.094 [4][7][9]. - Pro-forma cash at bank is expected to be approximately A$23.7 million as of June 30, 2025, before placement costs [4]. Use of Funds - Proceeds from the placement will be allocated to exploration, resource growth, resource conversion, permitting, and advancing studies from a preliminary economic assessment (PEA) completed in 2022 [5][7]. - The company plans to conduct a resource update in the next quarter following a successful drilling campaign [7]. Market Context - The fundraising occurs amid increased M&A activity in the copper sector, highlighting the rarity of high-grade copper/gold projects in mining-friendly jurisdictions [3].
Madison Pacific Properties Inc. (TSX: MPC and MPC.C) announces results of Annual General Meeting
Globenewswire· 2025-06-19 23:23
Group 1 - Madison Pacific Properties Inc. held its Annual General Meeting on June 19, 2025, in Vancouver, British Columbia [1] - Five nominees were re-elected as directors with overwhelming support, each receiving 99.99% of the votes for their re-election [1] - PricewaterhouseCoopers LLP was re-appointed as the auditor for Madison Pacific Properties Inc. [1] Group 2 - Madison Pacific Properties Inc. is a real estate company based in Vancouver [2]
Belo Sun Announces Planned Executive Leadership Transition
Globenewswire· 2025-06-19 22:00
Core Points - Belo Sun Mining Corp. announces the resignation of Ms. Ayesha Hira as Interim President & CEO effective July 4, 2025, and she will not seek re-election as a director [1][2] - The company plans to introduce a new leadership team shortly, with Ms. Hira's contributions acknowledged for enhancing stakeholder engagement and securing support from Indigenous Associations in Brazil [2] - Under Ms. Hira's leadership, the company has made significant progress in the Volta Grande Project, including clarifying permitting authority and attracting a new cornerstone investor, which positively impacted share price performance [2] Company Overview - Belo Sun Mining Corp. is focused on mineral exploration and development, particularly gold properties in Brazil, with its primary asset being the 100% owned Volta Grande Gold Project located in Pará State [3]
Dundee Corporation Announces Voting Results from 2025 Annual Meeting of Shareholders
Globenewswire· 2025-06-19 21:40
Group 1: Voting Results from Annual Meeting - Shareholders voted in favor of all items of business at the Annual Meeting, including the appointment of PricewaterhouseCoopers LLP as Auditor, with 99.94% of votes in favor [1] - The total votes cast for the appointment of the Auditor were 354,888,861, with only 0.06% votes withheld [1] Group 2: Election of Directors - All seven nominees for the Board of Directors were elected, with voting percentages for each nominee ranging from 99.85% to 99.94% in favor [2] - The votes withheld for the directors were minimal, with the highest being 538,045 votes, representing 0.15% [2] Group 3: Corporate Overview - Dundee Corporation is a public Canadian independent mining-focused holding company listed on the Toronto Stock Exchange under the symbol "DC.A" [3] - The Corporation's primary focus is on acquiring mineral resource assets and unlocking value through strategic investments in mining projects globally [3] - The company conducts due diligence to assess the merits and risks of each project, aiming to generate investment returns or collaborate with operating partners [3]
Independent Proxy Advisory Firm ISS Recommends MAG Silver Corp. Shareholders Vote “FOR” the Plan of Arrangement With Pan American Silver Corp.
Globenewswire· 2025-06-19 21:33
Core Viewpoint - MAG Silver Corp. has received a recommendation from Institutional Shareholder Services Inc. (ISS) to vote in favor of the proposed arrangement with Pan American Silver Corp., which involves a total consideration of approximately $2.1 billion for MAG shareholders [2][6]. Arrangement Details - The arrangement entails that Pan American will acquire all issued and outstanding shares of MAG, with shareholders receiving approximately $20.54 per MAG share based on the closing price of Pan American's shares on May 9, 2025 [3][4]. - Shareholders can choose to receive the consideration in two forms: (i) $20.54 in cash per MAG share, or (ii) $0.0001 in cash and 0.755 Pan American shares per MAG share, with a total of $500 million in cash and the remainder in Pan American shares [4]. Meeting Information - A special meeting for shareholders to vote on the arrangement is scheduled for July 10, 2025, at 9:00 a.m. Vancouver time [4][8]. - The deadline for shareholders to cast their votes is July 8, 2025, at 9:00 a.m. Vancouver time [8]. ISS Recommendation - ISS's recommendation highlights that the arrangement offers "premium value to the unaffected date" and a favorable mix of cash and equity, marking the highest price for MAG shares since 2021 [6]. - The combined entity is expected to have a larger and more diversified asset portfolio, enhancing liquidity, scale, and market presence for shareholders [6]. Company Overview - MAG Silver Corp. is a Canadian mining and exploration company focused on high-grade precious metals projects in the Americas, with a significant interest in the Juanicipio Mine [9]. - The company is also engaged in exploration programs at the Deer Trail Project in Utah and the Larder Project in Canada [9].
Aecon schedules second quarter 2025 financial results release and conference call
Globenewswire· 2025-06-19 21:02
Core Points - Aecon Group Inc. plans to release its second quarter 2025 financial results on July 31, 2025, after market close [1] - A live webcast and conference call is scheduled for August 1, 2025, at 9 a.m. Eastern Time [1] - An accompanying presentation of the financial results will be available on the company's website after market close on July 31, 2025 [3] Company Overview - Aecon Group Inc. is a North American construction and infrastructure development company with global experience [4] - The company provides integrated solutions to both private and public-sector clients through its Construction segment, which operates in various sectors including Civil, Urban Transportation, Nuclear, Utility, and Industrial [4] - Aecon also offers project development, financing, investment, management, and operations and maintenance services through its Concessions segment [4]
Premier Health Announces a Strategic Review Process to Enhance Shareholder Value
Globenewswire· 2025-06-19 21:00
Core Viewpoint - Premier Health of America Inc. has initiated a formal strategic review process to explore various strategic alternatives aimed at enhancing shareholder value [1][2]. Group 1: Strategic Review Process - The Board of Directors has engaged Leede Financial Inc. as a financial advisor to assist in the strategic review [2]. - No definitive timetable has been set for the completion of the review, and no decisions regarding potential strategic alternatives have been made at this time [2]. - The company does not plan to disclose further developments unless deemed appropriate or necessary [2]. Group 2: Management Focus and Incentives - While the review is ongoing, the management team is committed to delivering organic growth and maintaining service continuity across Canada [3]. - A targeted retention and incentive framework for key executives has been approved to ensure operational continuity and align management objectives with shareholder value creation during the review process [3]. Group 3: Company Overview - Premier Health is a leading Canadian health tech company that offers a comprehensive range of outsourced healthcare services to governments, corporations, and individuals [4]. - The company utilizes its proprietary LiPHe platform to drive digital transformation in the healthcare services sector, aiming to provide faster, cheaper, and more accessible care [4].
Northview Residential REIT Announces June Distribution
Globenewswire· 2025-06-19 21:00
Core Viewpoint - Northview Residential REIT announced a cash distribution of C$0.091146 per Unit for June 2025, equating to an annualized amount of C$1.09 per Unit, payable on July 15, 2025 [1]. Group 1: Cash Distribution Details - The cash distribution amount for June 2025 is C$0.091146 per Unit [1]. - The annualized distribution amount is C$1.09 per Unit [1]. - The distribution will be payable to holders of Units of record at June 30, 2025 [1]. Group 2: Company Overview - Northview Residential REIT is a publicly traded real estate investment trust established under the laws of Ontario [2]. - The primary purpose of the REIT is to indirectly acquire, own, and operate a portfolio of income-producing rental properties in secondary markets within Canada [2].
Volatus Announces $4,000,000 Non-Brokered LIFE Financing
Globenewswire· 2025-06-19 20:48
Core Viewpoint - Volatus Aerospace Inc. is initiating a non-brokered private placement to raise up to $4 million through the issuance of 20 million units at a price of $0.20 per unit, aimed at expanding its operations and infrastructure [2][4]. Group 1: Offering Details - The offering consists of units, each comprising one common voting share and one-half of a common share purchase warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.30 for 36 months [3]. - The financing is expected to close around June 26, 2025, subject to regulatory approvals and may occur in multiple tranches [5]. Group 2: Use of Proceeds - The net proceeds from the financing will be allocated for global market expansion, investment in Arctic and remote operations infrastructure, inventory, and general corporate purposes [4][10]. - Recent policy signals from the Canadian Federal Government regarding defense spending and commitments to Ukraine present growth opportunities for the company [10]. Group 3: Company Overview - Volatus Aerospace is a leader in innovative aerial solutions, providing services across various industries including oil and gas, energy utilities, healthcare, and public safety [9]. - The company focuses on enhancing operational efficiency, safety, and sustainability through advanced aerial technologies [9].