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Partners Value Investments Inc. Announces Establishment of Normal Course Issuer Bid
Globenewswire· 2025-09-10 20:30
Core Viewpoint - Partners Value Investments Inc. has received approval to initiate a normal course issuer bid to repurchase up to 2,493,940 of its non-voting exchangeable shares, representing approximately 10% of the public float, effective from September 12, 2025, to September 11, 2026 [1][3]. Group 1: Bid Details - The issuer bid will be executed by RBC Capital Markets through various trading platforms in Canada, with purchases made at the market price at the time of acquisition [2]. - The total number of outstanding exchangeable shares as of September 10, 2025, is 27,870,970 [2]. - This marks the Corporation's first issuer bid for exchangeable shares, indicating a strategic move to utilize available funds for repurchasing its own securities [3]. Group 2: Automatic Purchase Plan - An automatic purchase plan has been established with RBC Capital Markets to facilitate share purchases during internal trading blackout periods and in compliance with applicable laws [4]. - Outside of blackout periods, share repurchases will be conducted at management's discretion [4]. Group 3: Market Value Consideration - The Corporation believes that the market price of its securities may not always reflect their true value, making the repurchase of outstanding securities a desirable use of funds [3].
Prime Drink Group Provides Bi-Weekly MCTO Status Report
GlobeNewswire News Room· 2025-08-30 00:00
Core Viewpoint - Prime Drink Group Corp. has received an extension from the British Columbia Securities Commission to file its annual financial statements, now due by September 29, 2025, following a management cease trade order [1][2]. Group 1: Management Cease Trade Order (MCTO) - The MCTO was granted on July 30, 2025, preventing the CEO and CFO from trading the company's securities until the annual financial filings are submitted [1][2]. - Shareholders retain the ability to trade their securities despite the MCTO [2]. Group 2: Financial Filing Extension - The deadline for filing the annual financial statements for the period ended March 31, 2025, has been extended to September 29, 2025 [1]. - The company is actively working to meet this new deadline [2]. Group 3: Compliance and Reporting - The company will issue bi-weekly default status reports in the form of news releases to comply with alternative information guidelines under NP 12-203 until the annual financial filings are submitted [3].
Magnetic North Acquisition Corp. Announces Non-Brokered Private Placement of Up to CDN$500,000
Globenewswire· 2025-05-13 21:55
Core Viewpoint - Magnetic North Acquisition Corp. is planning a non-brokered private placement of unsecured, interest-bearing promissory notes to raise up to CAD$500,000 with a 10% interest rate [1][2] Group 1: Offering Details - The Offering will consist of unsecured promissory notes with a face value of CAD$10,000 each [1] - The anticipated closing of the Offering will occur in multiple tranches, with the first tranche expected to close by May 15, 2025 [2] - A cash commission of up to 7% will be payable to qualified agents based on the total amount raised [2] Group 2: Use of Proceeds - The net proceeds from the Offering will be utilized for general corporate purposes [2] Group 3: Repayment Options - The Company and investors may agree to repayment in kind, using Series A Preferred shares based on a price determined by the average price in the five trading days preceding the end of the Term [3] Group 4: Company Overview - Magnetic North Acquisition Corp. invests and manages businesses, emphasizing that capital alone does not guarantee success [4] - The Company operates from Calgary and Toronto, leveraging management and capital markets expertise to enhance the success of its investee companies [4] - Magnetic North's common and preferred shares are traded on the TSX Venture Exchange under the symbols MNC and MNC.PR.A, respectively [4]