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Core Viewpoint - Cygnus Metals Limited has successfully completed Tranche 1 of its Placement, raising A$18.2 million through the issuance of 211,627,907 fully paid ordinary shares at A$0.086 each, while also planning further share issuance under Tranche 2, subject to shareholder approval [1][2]. Group 1: Placement Details - The total amount raised in Tranche 1 is A$18,200,000 before costs, with shares issued under ASX Listing Rules 7.1 and 7.1A [1]. - A further 1,162,790 shares are intended to be issued under Tranche 2 to Non-Executive Director Raymond Shorrocks, pending shareholder approval at a general meeting in August 2025 [2]. Group 2: Company Operations - Cygnus Metals is engaged in ongoing exploration and drilling programs at its Chibougamau Copper-Gold Project in Quebec, with assay results pending from the current drill program [3]. - The company has a diversified portfolio, including lithium assets in the James Bay district and REE and base metal projects in Western Australia, aiming to drive resource growth and develop a hub-and-spoke operation model [6]. Group 3: Compliance and Disclosure - The shares were issued without disclosure under section 708A(5) of the Corporations Act 2001, and the company has complied with relevant provisions of the Act [3][7]. - The company confirms that there is no excluded information that needs to be disclosed under section 708A(6)(e) of the Act [7].

Group 1 - American Hotel Income Properties REIT LP (AHIP) held its annual and special meeting of unitholders where all nominated directors were elected for the upcoming year [1] - The voting results showed significant support for the directors, with Charles van der Lee receiving 80.61% of votes in favor, while Matthew Cervino had 59.58% [2] - The renewal of the Amended and Restated Securities-Based Compensation Plan was approved with 93.36% of unitholders voting in favor [2] - Amendments to the Amended and Restated Limited Partnership Agreement received 95.29% approval from unitholders [3] - The reconfirmation of the Amended and Restated Unitholder Rights Plan Agreement was also supported by 95.21% of unitholders [3] Group 2 - AHIP is a limited partnership focused on investing in hotel real estate properties across the United States, with a portfolio of premium branded, select-service hotels [4] - The hotels in AHIP's portfolio operate under well-known brands affiliated with Marriott, Hilton, and IHG Hotels [4]

Core Insights - Walgreens is experiencing an increase in sales as it prepares for a transition to private ownership, with a deal expected to close in the second half of 2025 for $10 billion [3]. Financial Performance - The company reported quarterly earnings showing sales of $39 billion, reflecting a 7.2% increase year-over-year, driven by growth in its U.S. retail pharmacy and international segments [2]. - The U.S. retail pharmacy segment achieved quarterly sales of $30.7 billion, up 7.8% year-over-year, with comparable sales increasing by 10.3%. Pharmacy sales specifically rose by 11.8% for the quarter [4]. - However, retail sales fell by 5.3%, attributed to weaker performance in grocery, household, health and wellness, and beauty categories [4]. Economic Context - The broader economic environment shows a contraction, with the economy shrinking by 0.5% in the first quarter, a downward revision from a previously estimated 0.2% dip [5]. - Consumer spending is declining, influenced by new tariffs, leading to changes in shopping behaviors among consumers [6][5]. Strategic Focus - The company is committed to a turnaround plan that emphasizes a disciplined approach to managing cash needs while investing in necessary adaptations to the evolving pharmacy and retail landscape [3].

[Music] Now for today's power player segment. Time is running out for senators to reach a deal on President Trump's tax plan. The president wants the big beautiful bill on his desk before July 4th.As the deadline closes in, it's still not clear to markets what the bill's economic impact will be. The White House Council of Economic Adviserss estimates growth from the new tax plan could slash up to $2.3% trillion from the deficit. But the Congressional Budget Office found the mega bill would add $2.4% trillio ...

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