Enthusiast Gaming Forces Early Conversion Of $9.0 Million In Debentures
Enthusiast Gaming (TSX: EGLX) has forced the conversion of certain outstanding debentures. Originally set to expire at the end of the year, the company has forced the early conversion of the debt in a move to strengthen its balance sheet. The forced conversion will see $9.0 million in principal amount of debentures leave the firms […]
Yamana Gold Closes Acquisition Of Monarch Gold
Last night, Monarch Gold (TSX: MQR) formally announced the completion of the proposed transaction with that of Yamana Gold (TSX: YRI). The transaction saw a number of assets sold off to Yamana, while the remaining assets owned by the firm were spun off into a new corporation, known as Monarch Mining Corporation. The complex transaction […]
Datametrex AI Enters Definitive Agreement To Acquire Concierge Medical Telehealth Platform
Datametrex AI (TSXV: DM) this morning announced that it has signed a definitive agreement to acquire that of Concierge Medical. The announcement follows the news earlier this month, whereby the company announced a binding letter of intent to acquire the private telehealth and medical concierge company. Upon closing, the company is to become a wholly-owned […]
Eguana Sees Annual Revenue Grow by 132%
After the bell, Eguana Technologies (TSXV: EGT) released their 2020 audited annual financial statements. The company saw annual revenue grow by 132% to $7.9M for the year ended September 30, 2020. Gross margins for the year came in at just over 11% a dramatic increase from the 2% margins in 2019; demonstrating the margin improvement […]
Psyched Wellness Latest Firm To Conduct Bought Deal Financing
Psyched Wellness (CSE: PSYC) is the latest psychedelics-focused firm to announce a bought deal financing, with the company this evening announcing a financing for $3.0 million. The financing is to be lead by Canaccord Genuity Corp of the behalf of a syndicate of underwriters. The financing will see units of the company sold at a […]
Aurora Cannabis Looks To Raise US$125 Million Via Bought Deal
Aurora Cannabis (TSX: ACB) (NYSE: ACB) seemingly can’t resist returning to the market when financings start flying, with the company announcing after the bell today that it is raising US$125 million via a bought deal financing. The financing, lead by BMO Capital Markets and ATB Capital Markets, will see units of the company sold at […]
Great Bear Increases Flow Through Financing To $69.9 Million
Great Bear Resources (TSXV: GBR) apparently has seen strong demand for the flow-through financing it announced this morning for $37.2 million. The company this evening increased the size of the financing to $69.9 million following this demand. The flow through financing sees shares of the company being sold at a price of $18.60 per flow […]
CMHC: W-Shaped Economic Recovery Would Have Severe Impact On Housing Market
Canada’s housing market has remained strongly robust since the onset of the pandemic, with record-low interest rates and shifting consumer preferences for more spacious accommodations fueling real estate activity to new highs. With the housing market defying the economic downturn, the CMHC has repeatedly warned that what goes up must come down, and that housing […]
Mind Cure Announces $10.0 Million Bought Deal Financing
Mind Cure Health (CSE: MCUR) this afternoon revealed that it is conducting a bought deal financing. The company is looking to raise gross proceeds of $10.0 million under the financing, with units being sold at $0.60 per each. The financing is being lead by Canaccord Genuity Corp. Under the terms of the financing, each unit […]
China Becomes Attractive Investment Hub for FDIs, Pension Funds Amid Pandemic
With much of the world continuing to slowly recover from the economic implications stemming from the coronavirus pandemic, it appears that the Chinese economy is doing a lot better than most of its peers. According to China’s Ministry of Commerce, the world’s second largest economy benefited strongly from foreign direct investment (FDI) amid the pandemic, […]