Another Property Developer Faces Default as China’s Real Estate Crisis Spirals out of Control
Another day, another default. Monday was another tough day for Chinese bond markets, as news spread that Evergrande was poised to miss a third offshore bond payment, while several other major property developers revealed that they too, will be unable to make their debt obligations, setting alarms off across financial markets over what appears to […]
Accounts Payable Software AvidXchange Prices US$660 Million IPO
Accounts payable automation software AvidXchange Holdings, Inc. (Nasdaq: AVDX) started publicly trading on the Nasdaq Global Select Market today under the symbol “AVDX”. The firm’s initial public offering is looking to raise US$660.0 million. The offering will be conducted through the issuance of 26.4 million common shares selling at US$25.00 per share and is expected […]
Ted Oakley: Debt Ceiling Will Be Raised No Matter What – The Daily Dive
Joining us on the Daily Dive for the first time is Ted Oakley, Managing Partner of Oxbow Advisors. He sits down with Cassandra to share his insights about the proposed tax bill, as well as his thoughts on the debt ceiling, offshore bonds, equity markets, and cryptocurrency. Based in Texas, financial advisory firm Oxbow Advisors […]
Canaccord Lifts Sundial Growers Price Target To $0.80 Following Alcanna Transaction News
On October 7, Sundial Growers (NASDAQ: SNDL) announced that they entered into an agreement to acquire Alcanna Inc (TSX: CLIQ) for total consideration of $346 million or $9.12 per share. The price reflects a 39% premium to Alcanna’s shares at the time. The deal is being pushed by Alcanna as a way to get liquidity […]
Alithya Secures $6.6 Million Contract With Quebec Government Ministry
Alithya (TSX: ALYA) has been awarded a three-year contract to provide digital transformation assistance service for an unidentified ministry of the Quebec government. The company reports the contract is worth US$6.6 million. Specifically, the client ministry has tapped the firm to provide support to its internal IT teams in the “implementation and deployment of business […]
Vicinity Motor Forms Supply Agreement Of Lithium Battery Systems For Electric Vehicles With Electrovaya
Vicinity Motor Corp. (TSXV: VMC) announced today a strategic supply agreement made with Electrovaya Inc. (TSX: EFL). The agreement entails the latter to supply lithium battery systems for the automaker’s line of commercial electric vehicles. “Our decision to collaborate with Electrovaya as a strategic supplier followed rigorous engineering and due diligence activities,” said Vicinity Motor […]
Treasury Metals Intersects 52.6 G/T Gold Over 15 Metres At Goliath Gold Deposit
Treasury Metals Inc. (TSX: TML) announced today results from the initial 12 holes out of its 2021 diamond drilling program at the Goliath gold deposit in Northwestern Ontario. The results highlighted an intersect of 52.6 g/t gold over 15.0 metres. Out of the planned 25,000-metre program, the company has drilled approximately 21,500 metres covered by […]
Emmanuel Macron Proposes $47 Billion Plan Towards Green Energy, Nuclear Reactor Construction
Despite the entirety of Europe collapsing into a tailspin of energy hyperinflation that has sent natural gas prices skyrocketing to the highest on record partly due to the continent’s obsession with enforcing a green agenda, French President Emmanuel Macron has ambitiously proposed that France becomes a leader in green hydrogen before 2030, and construct a […]
Cypress Development Completes Pilot Plant For Clayton Valley Lithium Project, Starts Test Extraction
Cypress Development Corp (TSXV: CYP) reported this morning that it has completed the assembly of the pilot plant for its 100%-owned Clayton Valley lithium project in Nevada. The firm is now working on starting the test extraction of lithium from the project’s sample material within the next week. “The completion of the pilot plant represents a […]
Mako Mining To BuyBack Up To 5% Of Shares
Following strong production results of its first full quarter of commercialization, Mako Mining Corp (TSXV: MKO) this morning announced that it has initiated a normal course issuer bid. The company is looking to buy back up to 5% of its shares that are issued and outstanding. The share buyback program will enable the company to […]