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Waterous Energy Fund Announces Disposition of Shares of Strathcona Resources Ltd.
Businesswire· 2025-11-07 22:00
Core Viewpoint - Waterous Energy Fund Management Corp. announced the dissolution of WEF Osum Co-Invest I LP, resulting in the disposition of approximately 11.3 million common shares of Strathcona Resources Ltd., reducing the WEF Funds' ownership from 79.6% to 74.3% of the company's outstanding shares [1][2]. Group 1: Transaction Details - The transaction involved the disposition of 11,299,917 common shares, representing about 5.3% of Strathcona Resources Ltd.'s issued shares, to the limited partners of Osum I without any consideration paid to Osum I [1][2]. - Prior to the transaction, the WEF Funds collectively owned 170,536,718 common shares, and after the transaction, they own 159,236,801 common shares [1]. Group 2: Future Ownership Intentions - The remaining WEF Funds hold the common shares for investment purposes and may change their beneficial ownership depending on market conditions and other factors [3]. - Potential transactions by the remaining WEF Funds may occur at any time and will depend on various factors, including the price and availability of the company's securities and general economic conditions [3]. Group 3: Regulatory Compliance - The news release is issued in accordance with National Instrument 62-103, and an early warning report will be filed with applicable securities commissions [4].
Hadrian Capital Partners Inc. Provides Update on its Beneficial Ownership of Common Shares of Capstone Copper Corp.
Globenewswire· 2025-10-09 11:30
Core Viewpoint - Hadrian Capital Partners Inc. has entered into a block trade agreement to sell 50 million CHESS depository interests (CDIs) of Capstone Copper Corp. at A$13.75 per CDI, resulting in gross proceeds of approximately A$687.5 million [1][3]. Group 1: Transaction Details - Hadrian will sell 50 million CDIs, equivalent to 50 million common shares of Capstone, at a price of A$13.75 per CDI, leading to gross proceeds of approximately A$687,500,000 [1]. - The settlement of the CDIs is expected to occur around October 14, 2025 [1]. - Prior to the transaction, Hadrian owned 100,712,661 Shares, representing about 13.2% of Capstone's total shares, which will decrease to 50,712,661 Shares, or approximately 6.7%, post-transaction [2]. Group 2: Financial Implications - The gross proceeds of A$687,500,000 are approximately Cdn$631,262,500 based on the exchange rate of Cdn$0.9182 to A$1.00 [3]. - The transaction represents a decrease of approximately 6.5% in Hadrian's ownership percentage in Capstone [2]. Group 3: Strategic Considerations - Hadrian's decision to sell the CDIs was influenced by various investment considerations, including market conditions and evaluation of alternative investments [4]. - Hadrian has no immediate plans to acquire or dispose of additional securities of Capstone, although future actions may depend on market conditions and other relevant factors [4].
‘Failure of leadership’: Former HUD Secy slams gov’t over Texas tragedy
MSNBC· 2025-07-08 02:35
Government Response & Preparedness - Questions arise regarding the National Weather Service's staffing and the adequacy of flash flood warnings along the Guadalupe River [1][2] - A former lieutenant governor highlights the reliance of states on the federal government, particularly FEMA, during disasters [4] - Criticism of President Trump's desire to "wean off of FEMA," calling it ignorant and demonstrating a lack of understanding of the federal-state relationship [5] - The administration's deconstruction of systems has led to a lack of preparation, information, and forewarning for communities [6] - Failure of leadership at the federal, state, and local levels contributed to the tragedy, including potential staffing cuts and lack of outreach [8][9] Accountability & Prevention - Local officials are resisting accountability and avoiding discussions about what went wrong, causing further distress to affected families [12][13][14] - There was an early attempt at the local level to deny responsibility by claiming the disaster was unpredictable [14][15] - The importance of government officials appreciating government's role and being dedicated to competent and effective governance is emphasized [10] - The need for early warning systems and preparedness measures, such as tornado drills, to save lives is highlighted [11][12] Community Impact & Individual Responsibility - Unimaginable grief and trauma are affecting hundreds, potentially thousands, of people [2] - People in Texas are beginning to feel they can no longer depend on the government for protection and are considering individual measures for self-protection [16]