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Laurion Strengthens Its Board With Appointment of Vikram Jayaraman as a New Director
Thenewswire· 2025-09-16 11:00
Toronto, ON – September 16, 2025 – TheNewswire - LAURION Mineral Exploration Inc. (TSX.V: LME; OTC: LMEFF) (“LAURION” or the “Corporation”) is pleased to announce the appointment of Mr. Vikram Jayaraman, MBA, M.Eng., to its Board of Directors, effective immediately.Vikram has served on LAURION’s Technical Advisory Board since December 2022, where he provided technical support through his role at DRA Americas Inc., particularly in evaluating processing options for LAURION’s surface stockpiles and facilitati ...
Elme Communities Concludes Strategic Alternatives Review Process; Executes Agreement to Sell 19 Properties to Cortland, Remaining Assets to be Marketed for Sale
Globenewswire· 2025-08-04 10:45
Core Viewpoint - Elme Communities has entered into a Purchase and Sale Agreement with Cortland Partners to sell a 19-asset portfolio for $1.6 billion, initiating a plan for voluntary liquidation and asset sales to maximize shareholder value [1][2][3] Financial Distributions - The company plans to make total upfront distributions to shareholders of approximately $14.68 to $15.00 per share, assuming the completion of the Cortland Portfolio Transaction [1][6] - Additional liquidating distributions are estimated to be approximately $2.90 to $3.50 per share from the sale of remaining assets [1][6] Transaction Details - The Portfolio Sale Transaction is expected to close in the fourth quarter of 2025, pending shareholder approval and customary closing conditions [1][11] - The company will market its remaining nine multifamily assets and Watergate 600 for sale within the next 12 months [2][11] Strategic Review Process - The decision to proceed with the sale and liquidation followed a comprehensive evaluation of strategic alternatives, including engagement with over 80 potential counterparties [3][11] - The Board of Trustees unanimously determined that the sale to Cortland and subsequent asset sales would yield the highest value for shareholders compared to other options [3][11] Future Operations - Following the completion of the Portfolio Sale Transaction, the company expects to suspend regular quarterly distributions and focus on liquidating distributions from future asset sales [10][11] - The company has received a debt commitment of $520 million from Goldman Sachs Bank USA to finance assets not included in the Portfolio Sale Transaction [9] Market Presence - The transaction marks Cortland's significant expansion in the greater Washington, D.C. area and Georgia, enhancing its portfolio and operational capabilities [3][4]