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Abcourt Closes Private Placement of Debenture and Equity to Restart Sleeping Giant Mine
Globenewswire· 2025-06-26 11:00
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. ROUYN-NORANDA, Quebec, June 26, 2025 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) (OTCQB: ABMBF) is pleased to announce that it has closed its previously announced non-brokered private placement of secured convertible debenture (the “Debenture”) for gross proceeds of $3,000,000 (the “Debenture Offering”). Debenture Offering The Debenture will bear interest at the Term SOFR pl ...
StorageVault Completes the Purchase of 8 Assets for $71.9 Million
Globenewswire· 2025-06-24 11:00
TORONTO, June 24, 2025 (GLOBE NEWSWIRE) -- STORAGEVAULT CANADA INC. ("StorageVault") (SVI-TSX) is pleased to announce that, further to its April 23, 2025 news release, it has completed the acquisition of seven stores and one adjacent vacant parcel of land (collectively, the "Acquisitions") from six vendor groups (collectively, the "Vendors"), for an aggregate purchase price of $71.9 million. Six of the Acquisitions are arm's length and two, totaling $21.9 million, are related party acquisitions (the "Relate ...
Northfield Capital Announces Transaction to Acquire Remaining Minority Interest of Northfield Aviation
Globenewswire· 2025-05-05 18:59
Core Viewpoint - Northfield Capital Corporation's subsidiary, Spruce Goose Aviation Inc., is acquiring the remaining 9% of Northfield Aviation Group Inc. shares not already owned, resulting in 100% ownership post-transaction [1][2]. Group 1: Transaction Details - The share purchase agreement involves the issuance of 60,000 Class A restricted voting shares at a deemed price of C$5.23 per share to the vendor, Iain Hayden [1]. - Northfield Aviation consists of 9,357 Class A common shares and 22,303 Class B common shares, which represent the remaining ownership interest [2]. - The completion of the transaction is subject to TSX Venture Exchange approval and other customary closing conditions, expected around May 8, 2025 [3]. Group 2: Related Party Transaction - The vendor, Iain Hayden, is a director of Northfield Aviation, categorizing this transaction as a related party transaction under MI 61-101 [4][5]. - Northfield Capital Corporation is exempt from formal valuation and minority shareholder approval requirements due to the transaction's value being below 25% of the corporation's market capitalization [5]. Group 3: Company Overview - Northfield Capital Corporation is a publicly traded Canadian investment firm with a focus on resources, mining, aviation, and premium alcoholic beverages, established in 1981 [6].
Urbanfund Corp. Announces Loan to Shareholder
Globenewswire· 2025-04-29 21:00
TORONTO, April 29, 2025 (GLOBE NEWSWIRE) -- Urbanfund Corp. (TSX-V: UFC) (“Urbanfund” or the “Company”), announces that it entered into loan agreement dated April 29, 2025 (the “Loan Agreement”) pursuant to which the Company has agreed to loan Westdale Construction Co. Limited (“Westdale”) the principal amount of ‎‎$3,000,000‎‎ (the “Loan”). The Loan is repayable on July 29th 2025 and will bear interest at ‎‎5.95% per annum. Westdale is a control person of the Company. The Company’s Chairman, Ronald Kimel, ...