Bombardier Prices $1.2 Billion Worth Of Senior Notes
Bombardier Inc. (TSX: BBD.B) announced this morning the pricing of its recently upsized US$1.2 billion senior notes due 2026. The notes will carry 7.125% annual interest and will be sold at 100% of par. The company said the net proceeds of this debt offering are expected to finance Bombardier’s US$1.0 billion tender offer, which applies […]
Gold Springs Completes Seven Additional Holes At Flagship Property
Gold Springs Resource Corp. (TSX: GRC) today provided an update on the Gold Springs project, where it is conducting a 10,000-meter drilling operation in the Eastern Great Basin of Utah and Nevada. The company this morning announced the completion of 7 additional holes under the current program. The South Jumbo area is home to 4 […]
Gran Colombia Closes Acquisition of Gold X Mining
Gran Colombia Gold Corp. (TSX: GCM) last night announced the closing of the acquisition of all the remaining issued and outstanding shares of Gold X Mining Corp. (TSXV: GLDX), creating a new mid-tier gold producer within the Latin America region. Before the transaction, Gran Colombia owned 9,571,158 Gold X shares, or approximately 15% of the […]
Fiore Gold Intersects 2.85 G/T Gold Over 24.4 Metres At Gold Rock
Fiore Gold (TSXV:F) today released additional drilling results from operations at its Gold Rock project in Nevada. The results come from an ongoing 60,000 metre program that is designed to provide more insight to the structures at play geologically. Fiore highlighted 24.4 meters of 2.85 g/t gold in hole GC20-005 from the South Pit area, […]
FAX Capital Announces Renewal Of Share Buyback Program
FAX Capital Corp. (TSX: FXC) this morning announced its plans to renew its normal course issuer bid and buy back its previously issued common shares. The company may purchase the shares from June 8, 2021, to June 7, 2022. Under the terms of the agreement, FAX Capital is permitted to buy back up to 1,488,480 […]
Skychain Technologies Closes Financing To Fund 12MW Crypto Hosting Facility
Skychain Technologies Inc. (TSXV: SCT) announced today that they have successfully arranged and closed a financing agreement with The9 Limited (NASDAQ:NCTY) for an aggregate investment of $4 million. This agreement was in line with a previous announcement released by the company earlier this year. The agreement sees T9 agreeing to subscribe for $2 million worth […]
Cronos Group Begins Commercial Production Of CBG Under Modified Ginkgo Agreement
Cronos Group (TSX: CRON) (NASDAQ: CRON) this morning announced that it has amended its collaboration and licensing arrangement with that of Ginkgo Bioworks. The amended arrangement has resulted in Cronos beginning the commercial production of CBG as of today. The arrangement, as demonstrated by the commencement of commercial production of CBG, will enable the acceleration […]
Trillium Gold Looks To Raise $4.0 Million In Brokered Financing
Trillium Gold Mines (TSXV: TGM) last night announced that the company is looking to raise additional funds. The company has entered into a best efforts private placement, which is to be lead by Red Cloud Securities, for a financing pegged at $4.0 million. Under the terms of the financing, the company will look to sell […]
Russia Dumps ALL US Dollar Assets From Sovereign Wealth Fund
Russia’s sovereign wealth fund has decided to slash all of its dollar-denominated assets, as tensions continue to run high with the US, particularly after Washington accused a recent onslaught of corporate cyberattacks on Russian actors. Speaking at the St. Petersburg International Economic Forum, Russia’s finance minister, Anton Siluanov, revealed that the National Wealth Fund will […]
PopReach: Canaccord Lowers Price Target Following Q1 Results
On the 31st, PopReach Corporation (TSXV: POPR) reported its first-quarter financial results. The company had revenue of $4 million, which was basically flat quarter over quarter and down on a year over year basis. Gross margins of 62% were reported, which were basically flat quarter over quarter. The company reported a positive net income of […]