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One of the Best Stock Market Investing Books to Read in 2022, Stock Market Terminology for Beginners by Christopher Hamilton

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New York, New York–(Newsfile Corp. – January 15, 2022) – Author Christopher Hamilton recently released his comprehensive guide to understanding the financial sector,

Author photo of Christopher Hamilton

Christopher Hamilton is an author and investor with a passion for teaching others about passive income. With a lifelong love of stock trading, he has spent years figuring out the right way to value companies and choose investments wisely. When he isn’t writing, Hamilton enjoys spending time with his family, trying new foods, and traveling. Visit him online at http://www.thelazyinvestorblg.com/category/books/.

Source:
Lisa Quinn
eBook or Print
lisa.quinn[at]ebookorprint[.]com

Green Chart Progresses With an Increased Token Price

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New York, New York–(Newsfile Corp. – January 14, 2022) – The Green Chart Token price has recently increased substantially. After killing a 0 in the price of one Green Chart token, the platform has progressed to the next level while giving it room and freedom to move ahead in the community. Green Chart has recently partnered up with the best marketers in the crypto community. With pumping more fuel into the system as its main goal, Green Chart functions to provide utility and advanced tokenomics to its users.

– Green ChartCoinmarketcap – https://coinmarketcap.com/currencies/green-chart/

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Crypto With a Vision

To counter the system of sell pressure, Green Chart has initiated a buyback and burn on the system. 

Understanding Buy Back and Staking

The amount deducted from the user’s account after a transaction is not burned, but that amount is used to buy more Green Chart tokens. Besides the buyback transaction,  users can also stake their tokens on Green Chart.

The purpose of the Green Chart is to maximize the returns for the community.  

In Green Chart, users can also experience vesting, which involves staking the tokens in a specially made dashboard. There are different vesting options that can be used by the community. Staking is not live on the platform, but it will be live in the near future.

Green Chart Tokenomics

Green Chart has 100 billion tokens minted and ready to be used for different purposes. These are; 5% is kept aside for the development team and marketing influencers. 75% of the tokens are kept aside for the community, and 20% are burned.

Within this, there is a tax rate of 1% on purchasing the Green Chart tokens. With this, there is a system to burn 15% of the transaction amount, or the same amount will be used for buybacks.

Future Roadmap

The next activities of the Green Chart are ready to complete as some are underway and others are in the planning stage. In the coming months, the Green Chart will launch a fully rebranded platform and website that will be more intuitive.

As per the marketing budget, the platform will hire international influencers to help improve the marketing outreach. The users will also run community contests for more active participation in the community.

About Green Chart

Green Chart is an innovative platform working to improve the crypto-related financial system and create bigger opportunities. The Green Chart token is built to ensure that every community member does not fall for the buy and sell degree gimmicks. It offers APY rewards to the users with buyback and burning features.

Media Contact
Brady Alexander
Email – admin@greenchart.finance
Website – https://greenchart.finance/
Twitter – https://twitter.com/greenchartbsc
PR – Cryptoshib.com
Email – indo@cryptoshib.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/110256

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GarbleCloud Launches “Ransomware Resilient” Technology to Enterprises

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Pleasanton, California–(Newsfile Corp. – January 14, 2022) – Based in Silicon Valley, GarbleCloud has launched a ransomware resilient technology to allow enterprises and individuals to protect their documents and files stored in platforms such as Google Drive, Dropbox, and Google Workspace applications like Google Docs, and soon Gmail and GoogleMeet. It does so today by enabling user-controlled encryption of files, without compromising functionality of these underlying platforms and applications.

GarbleCloud Logo

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GarbleCloud at its core offers encryption services but also claims to take data encryption to a new level of functionality and ease of use by enabling useful operations on encrypted files while making those files completely opaque to the cloud service providers or SaaS applications. The platform uses a patented technology that businesses can access and leverage to be in complete control of important files and documents (unstructured data) even when stored in remote public clouds.

According to Founder and CEO Bijit Hore, “Large organizations are increasingly dealing with ransomware attacks and the potential exposure of sensitive data. In high-profile cases reported over the past year, attackers carry out reconnaissance after breaching the defenses of the company. They look to identify high-value accounts and compromise web application credentials-uncovering sensitive troves of data in online document processing platforms such as Google Workspace, Microsoft Office 365, etc. Our solution offers ransomware resiliency that protects against data exfiltration, doxing, and more. Even if your cloud ecosystem is breached, your enterprise’s data is always protected.”

The company’s core technology includes: AES-256 encryption that is user controlled and easy to use; a robust, industrial-grade encryption-key management framework; support for CRUD operations on encrypted files in popular SaaS platforms; the ability to do full-text search over encrypted documents; the ability to share and collaborate on encrypted documents between teams; and provides platform-agnostic, encryption-based file security and rights management.

The company holds two U.S. patents for techniques for securing sensitive data in cloud storage systems and for scalable search over encrypted files in public-cloud platforms.

GarbleCloud believes that search on encrypted documents/files is a key enabler for keeping data private and secure but workable and searchable. This capability builds on years of prior work and research in academic settings from GarbleCloud founders.

The developers of GarbleCloud aim to target and connect with organizations that have adopted the cloud fully or partially, CISOs, IT/InfoSec, and in regulated industry verticals including healthcare, insurance, financial and legal services, as well as select technology companies.

Within a few years, GarbleCloud’s founders anticipate that the platform will become a top choice for data privacy and security in the cloud, as well as ransomware resilience, for mid-market organizations and enterprises. The company hopes that its solution shakes things up in the data security space and gives enterprises and businesses a better way to protect sensitive data in cloud and SaaS platforms. The company encourages everyone to “garble” data-“it just makes good cloud sense.”

For more information please visit GarbleCloud’s https://www.garblecloud.com or email connect@garblecloud.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/110254

McFarlane Lake Mining Limited Completes Reverse Takeover Transaction

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Sudbury, Ontario–(Newsfile Corp. – January 14, 2022) – McFarlane Lake Mining Limited (“McFarlane” or the “Company“) (formerly 1287401 B.C. Ltd. (“128“)) is pleased to announce the completion of its previously announced reverse takeover transaction (the “RTO” or Transaction“) with McFarlane Lake Mining Incorporated (“MCFL“), a privately held mineral exploration company incorporated under the laws of the Province of Ontario, by way of a three-cornered amalgamation (the “Amalgamation“).

In connection with the completion of the Transaction, the NEO Exchange Inc. (the “Exchange“) has conditionally approved the listing of the MLM Shares (as defined below). The MLM Shares are expected to commence trading on the Exchange under the symbol “MLM” on or about January 26, 2022. Listing will be subject to the Company meeting all of the Exchange’s listing requirements. A further press release will be issued once trading has commenced.

The Transaction

Prior to the completion of the Transaction, the Company: (i) completed a share split of its issued and outstanding common shares on the basis of 1.20967742 post-split shares for each 1 pre-split share; and (ii) approved the name change from “1287401 B.C. Ltd.” to “McFarlane Lake Mining Limited” (the “Name Change“).

The Transaction was completed according to the terms of a business combination agreement dated January 12, 2022 (the “Business Combination Agreement“). Pursuant to the Business Combination Agreement, on the date hereof, MCFL and 1000034047 Ontario Inc. (“Subco“) (a wholly-owned subsidiary of the Company incorporated under the laws of the Province of Ontario for the purpose of completing the Transaction) amalgamated in accordance with the provisions of the Business Corporations Act (Ontario) and continued operating under the name “McFarlane Lake Mining Incorporated” (“Amalco“).

In connection with the Transaction: (i) the holders of the 75,582,313 issued and outstanding common shares of MCFL (each a “Target Share“) received one common share of the Company (each a “MLM Share“) for each Target Share held; (ii) the holders of the 65,500 issued and outstanding common shares of Subco (each a “Subco Share“) received one MLM Share for each Subco Share held; (iii) as consideration for the issuance of the MLM Shares to effect the Amalgamation, the Company received one common share of Amalco for each MLM Share issued to holders of Target Shares and Subco Shares; and (iv) each Subco Share issued to the Company on incorporation was cancelled.

Additionally, the Company issued approximately 4,206,156 replacement warrants (the “MLM Warrants“) to existing holders of common share purchase warrants in MCFL and Subco on a 1:1 basis. Concurrently with the completion of the Transaction, the Company has: (i) granted an aggregate of 5,500,000 replacement options (“MLM Options“) to the directors and officers of MCFL, to purchase common shares (the “Option Shares“) of the Company, exercisable at a price of $0.10 per Option Share until May 31, 2026; and (ii) issued 834,575 replacement broker warrants and 262,500 replacement advisory warrants to Canaccord Genuity Corp. (“Canaccord“) on the same terms and conditions as the broker warrants and advisory warrants issued to Canaccord for services provided in connection with MCFL’s previously completed brokered and non-brokered offerings of units and flow-through common shares (together, the “Offerings“) (see the Company’s press release dated December 10, 2021 for further information regarding the Offerings).

In the near future, the Company plans on filing articles of continuance to continue from the Province of British Columbia into the Province of Ontario, subject to regulatory approvals.

A summary of material changes resulting from the Transaction are provided herein. For further information, readers are referred to the filing statement of the Company dated January 14, 2022 (the “Filing Statement“) which was prepared in accordance with the requirements of the Exchange and filed under the Company’s SEDAR profile at www.SEDAR.com. Included in the Filing Statement is a summary of the National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101“) technical report prepared pursuant to NI 43-101, prepared by Sears, Barry & Associates Limited partner Seymour M. Sears titled “NI 43-101 Technical Report on the High Lake and West Hawk Lake, Canada” with an effective date of May 25, 2021 (the “Technical Report“). The full version of the Technical Report is also available on the Company’s SEDAR profile at www.SEDAR.com.

Board and Management

Immediately after the completion of the Transaction, the Company reconstituted its board of directors to consist of seven (7) nominees of MCFL, and all existing officers of the Company resigned and were replaced by nominees of MCFL.

Consolidated Capitalization

After completion of the Transaction, there are: (i) 79,397,813 MLM Shares issued and outstanding; (ii) 4,206,156 MLM Warrants issued and outstanding, with each MLM Warrant being exercisable for a MLM Share at an exercise price of $0.60 and having an expiry date of December 9, 2024; and (iii) 5,500,000 MLM Options, with each MLM Option being exercisable for a MLM Share at a price of $0.10 until May 31, 2026.

Escrowed Securities

Pursuant to the requirements of the Exchange, upon listing of the MLM Shares, all securities of the Company that are held by “principals” of the Company (collectively, the “Escrowed Securityholders“) will be placed into escrow. Upon completion of the Transaction, there are an aggregate of 30,345,400 MLM Shares, 131,250 MLM Warrants and 5,000,000 MLM Options (collectively, the “Escrowed Securities“) held in escrow pursuant to a security escrow agreement (“Resulting Issuer Escrow Agreement“) entered into among TSX Trust Company, as the escrow agent, the Company, and the Escrowed Securityholders.

Subject to the Resulting Issuer Escrow Agreement, 25% of the Escrowed Securities held by the Escrowed Shareholders shall be released from escrow on the date the MLM Shares are listed on the Exchange (“Listing“), 25% shall be released from escrow 6 months after Listing, 25% shall be released from escrow 12 months after Listing, and the remaining 25% shall be released from escrow 18 months following Listing.

Directors and Officers

In connection with the Transaction, the following individuals were elected to serve as members of the board of directors of the Company or appointed as officers. The following information is as furnished by such directors and officers.

Mark Trevisiol, 60 – Chief Executive Officer, President and Director

Mr. Trevisiol is a professional engineer with 30 years of experience in mineral processing, mining, capital projects and executive management. Mr. Trevisiol spent over 20 years with Glencore predecessor companies Falconbridge Ltd. and Xstrata Nickel, where he was General Manager of Business Development and Strategy, General Manager of the Sudbury Smelter Business Unit, Manager of Smelter Operations and Superintendent of the Kidd Creek Zinc Plant. More recently, Mark held a number of executive leadership and board positions, including CEO positions at Crow flight Minerals and Silver Bear Resources. During his career, Mr. Trevisiol has had responsibility in mining and mineral processing for teams of up to 300 people, with responsibility for operations, safety & environment, custom feed, engineering, maintenance and technology. He has worked across several commodities, including nickel, cobalt, zinc, copper, lithium, gold, and silver. Mr. Trevisiol holds an Engineering degree from the University of Waterloo.

Charles Lilly, 63 – Chief Financial Officer, Corporate Secretary and Director

Mr. Lilly is a partner in the public accounting firm of Sostarich, Ross, Wright & Cecutti, LLP. He has a B. Comm from Laurentian University, where he graduated Summa Cum Laude, and an M.B.A. from the University of Toronto. Mr. Lilly has served as an officer or a director of a number of public corporations listed on the Toronto Stock Exchange and the Toronto Venture Stock Exchange.

Roger Emdin, 63 – Chief Operating Officer and Director

Mr. Emdin is a Professional Mining Engineer with more than 30 years of global experience in Operations, Projects, Engineering and Sustainable Development in both base metal and gold mining environments. Mr. Emdin started out in gold with the Dome and Canamax Resources in Ontario before turning to base metals in Zambia, returning to Canada but working globally as a consultant. Joined Glencore (Falconbridge) filling various roles including, Engineering Superintendent, Mine Manager (Craig & Nickel Rim South) and of Manager Sustainable Development for Sudbury Operations before coming back to gold in 2015 as the Vice President of Operations for Harte Gold. Mr. Emdin served as the Industry Co-Chair for the Mining Legislative Review Committee for 7 years, was active in the Ontario Mining Association and served as the Chair of the Board of Directors for the Centre for Excellence in Mining Innovation (CEMI). Mr. Emdin also participated with the Ontario government as a member of the Advisory Group to the Mining Health and Safety Prevention Review and was a member of the Board for Cambrian College for six years including roles of Chair of the Audit Committee and Chair.

Perry Dellelce, 58 – Director

Mr. Dellelce is a founder and the managing partner of Wildeboer Dellelce LLP, one of Canada’s leading corporate finance and transactional law firms. Mr. Dellelce practices in the areas of securities, corporate finance and mergers and acquisitions. Mr. Dellelce serves on the boards of many of Canada’s leading businesses, including but not limited to, Mount Logan Capital Inc. and Lendified Inc. Mr. Dellelce is the past chair and a current member of the board of directors of the Sunnybrook Foundation and the current chair of the NEO Exchange Inc. and Canadian Olympic Foundation. Mr. Dellelce holds a BA from Western University, a LLB from the University of Ottawa and an MBA degree from the University of Notre Dame.

Amanda Fullerton, 41 – Director

Ms. Fullerton has been the Vice-President, Legal & Corporate Secretary of GCM Mining Corp. since March 25, 2019. She has also been the Corporate Secretary at Denarius Silver Corp. since February 2021. She was a Vice President, Legal (and prior thereto, Associate, Legal) of Macquarie Capital Markets Canada Ltd. from March 24, 2014, to March 22, 2019. Prior thereto, Ms. Fullerton was an associate with Fasken Martineau DuMoulin LLP from September 2008 to March 2011 and MacLeod Dixon LLP (now Norton Rose Fulbright LLP) from March 2011 to March 2014 and practiced in the areas of corporate finance, mergers and acquisitions and corporate/commercial law, focused primarily on the mining industry.

Guy Mahaffy, 50 – Director

Mr. Mahaffy is the managing director of W.G. Mahaffy Limited, a financial advisory firm. He holds the professional designations of Chartered Accountant, Chartered Professional Accountant and Chartered Financial Analyst. He has over 25 years of experience, with the past 15 years focused on the junior resource sector. He has served as an officer and director of mineral resources exploration companies on both the Toronto Stock Exchange and the TSX Venture Exchange, including previously having served as a director and as the chief financial officer of Manitou Gold Inc. from June 2009 to June 2012. Mr. Mahaffy was reappointed to the board of directors of Manitou Gold in 2015 and currently serves as the Chair of that company’s board of directors. He is also currently the Chief Financial Officer of SPC Nickel Corp.

Fergus Kerr, 79 – Director

Mr. Kerr is a Professional Mining Engineer and is currently self employed as a consultant. Mr. Fergus Kerr is a graduate of the Royal School of Mines and a mining engineer with over 35 years of experience, including 14 years at Denison Mine’s Elliot Lake uranium mine, where he served as General Manager for five years. Subsequent to Denison, Mr. Kerr served as Sector Director at Workplace Safety & Insurance Board, and Mine Manager, Sudbury Operations at Inco LLC Area Manager at Inco’s Sudbury operations. Mr. Kerr is sought after health and safety specialist consulting globally with recent assignments in Mongolia, Indonesia and Australia.

Robert Kusins, 66 – Vice President, Geology

Mr. Kusins B.Sc., P Geo has over 35 years of mining, exploration and consulting experience. Mr. Kusins has spent his career involved with exploring, developing, validating and mining of a number of deposits including the Golden Giant Mine (Newmont Canada), Holloway Mine (Newmont Canada), Tundra Project (Noranda), Timmins West Mine Complex (Lake Shore Gold – Pan American Silver) and most recently the Sugar Zone Mine (Harte Gold). Mr. Kusins has worked in the capacity of Chief Geologist, Chief Resource Geologist and Geology Manager at producing mines where he has co-authored several NI 43-101 Technical Reports. Previous to working for Harte, Mr. Kusins was employed by SRK as a Principal Consultant (Geology) in the Sudbury office. Proficient in GEOVIA GEMS with expertise in three-dimensional geological modeling, developing and managing exploration programs, data management and mineral resource estimation.

Exchange Approval

The MLM Shares are expected to be listed for trading on the Exchange on or about January 26, 2022. The Listing remains subject to the final approval by the Exchange and fulfillment of all the requirements of the Exchange in order to obtain such approval including, among other things, submission and acceptance of all documents requested by the Exchange in its conditional acceptance letter and payment of all outstanding fees to the Exchange.

Early Warning

In connection with the Transaction, each of Perry Dellelce and Mark Trevisiol acquired ownership, control, or direction over MLM Shares requiring disclosure pursuant to the early warning requirements of applicable securities laws.

Mr. Dellelce, in exchange for his holdings of Target Shares, acquired 11,550,000 MLM Shares representing approximately 14.55% of the Company’s issued and outstanding shares on a non-diluted basis. Mr. Trevisiol directly and indirectly owns or controls 12,350,000 MLM Shares, which represents approximately 15.55% of the Company’s issued and outstanding shares on a non-diluted basis.

The securities of the Company acquired by each of Mr. Dellelce and Mr. Trevisiol are presently being held only for investment purposes. Subject to regulatory approval, each holder may from time to time in the future increase or decrease their ownership, control, or direction over securities of the Company held by each of them, through market transactions, private agreements or otherwise, the whole depending on market conditions, the business and prospects of the Company and other relevant factors.

A copy of each early warning report (the “Early Warning Report“) will be filed by each of Mr. Dellelce and Mr. Trevisiol, respectively, pursuant to applicable securities laws in connection with the completion of the Transaction. A copy of each Early Warning Report to which this press release relates will be available under the Company’s profile on SEDAR www.SEDAR.com.

The MLM Shares acquired by each of Mr. Dellelce and Mr. Trevisiol are held in escrow pursuant to the Resulting Issuer Escrow Agreement described above under “Escrowed Securities“.

Additional information on McFarlane can be found by reviewing its profile on SEDAR at www.sedar.com.

About McFarlane Lake Mining Limited

McFarlane’s wholly owned subsidiary McFarlane Lake Mining Incorporated, a corporation incorporated under the laws of the Province of Ontario, has entered into a definitive purchase agreement dated effective December 30, 2021 with Canadian Star Minerals Ltd. (“CSM“) to purchase all of CSM’s right, title and interest in the High Lake mineral property located immediately east of the Ontario-Manitoba border, the West Hawk Lake mineral property located immediately west of the Ontario-Manitoba border and the McMillan mineral property located 13km south of Espanola . In addition, McFarlane Lake Mining Incorporated holds options to purchase the Michaud/Munro mineral property and the Mongowin mineral property. McFarlane is a “reporting issuer” under applicable securities legislation in the provinces of British Columbia and Alberta.

Additional information on McFarlane can be found by reviewing its profile on SEDAR at www.SEDAR.com.

Qualified Persons

McFarlane engaged Sears, Barry & Associates Limited partner Seymour M. Sears (the “Author“) to prepare the Technical Report. The Author is a “qualified person” and considered “independent”, as such terms are defined in NI 43-101. All of the scientific and technical mining disclosure contained in this news release and the Filing Statement regarding the High Lake Property and West Hawk Lake Property has been reviewed and approved by the Author. The materials in Part IV – Information Concerning McFarlane – Material Mineral Project | High Lake – West Hawk Lake Project” in the Filing Statement comprise the “Summary” section of the Penouta Project Technical Report.

Cautionary Note Regarding Forward-Looking Information:

This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of McFarlane to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption “Risks and Uncertainties” in the Filing Statement dated as of January 14, 2022 which is available for view on SEDAR at www.sedar.com. Forward-looking statements contained herein are made as of the date of this press release and McFarlane disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management’s estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

McFarlane’s operations could be significantly adversely affected by the effects of a widespread global outbreak of a contagious disease, including the recent outbreak of illness caused by COVID-19. It is not possible to accurately predict the impact COVID-19 will have on operations and the ability of others to meet their obligations, including uncertainties relating to the ultimate geographic spread of the virus, the severity of the disease, the duration of the outbreak, and the length of travel and quarantine restrictions imposed by governments of affected countries. In addition, a significant outbreak of contagious diseases in the human population could result in a widespread health crisis that could adversely affect the economies and financial markets of many countries, resulting in an economic downturn that could further affect operations and the ability to finance its operations.

Further Information

For further information regarding the Transaction, please contact:

Mark Trevisiol, Chief Executive Officer, President and Director
McFarlane Lake Mining Limited
mtrevisiol@mcfarlanelakemining.com

Al Wiens
Wildeboer Dellelce LLP
awiens@wildlaw.ca

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/110310

Chesswood Group Limited Closes Strategic Acquisition of Rifco Inc. and Announces the Renewal and Repricing of Its Corporate Revolving Facility

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Toronto, Ontario and Red Deer, Alberta–(Newsfile Corp. – January 14, 2022) – Chesswood Group Limited (“Chesswood“), North America’s only publicly traded commercial equipment finance company focused on small and medium-sized businesses, and Rifco Inc. (TSXV: RFC) (“Rifco“), a leading Canadian alternative auto finance company, are pleased to announce the successful completion of Chesswood’s strategic acquisition of Rifco pursuant to the previously announced statutory plan of arrangement under the Business Corporations Act (Alberta) (the “Arrangement“).

The Arrangement was approved by 98.90% of the votes cast by Rifco shareholders at the special meeting of Rifco shareholders held on December 17, 2021. After obtaining the requisite Rifco shareholder approval, the Court of Queen’s Bench of Alberta approved the Arrangement on January 10, 2022.

Under the terms of the Arrangement, Rifco shareholders were entitled to elect to receive $1.28 for each Rifco common share (a “Rifco Share“) held in the form of: (i) cash (the “Cash Consideration“); (ii) common shares of Chesswood (“Chesswood Shares“) at a deemed price of $14.05 per Chesswood Share (the “Share Consideration“); or (iii) a combination of Cash Consideration and Share Consideration. Of the aggregate consideration of approximately $28 million, Chesswood paid $21,019,623.68 in cash and issued 498,605 Chesswood Shares. Further details of the Arrangement are set out in Rifco’s management information circular dated November 25, 2021 (the “Circular“). If a registered Rifco shareholder did not make a valid consideration election by December 10, 2021 (“Non-Electing Shareholders“), that Rifco shareholder has been deemed to have elected to receive Share Consideration in exchange for their Rifco Shares. Non-Electing Shareholders should send their completed letters of transmittal and election forms and certificates representing their Rifco Shares to the depositary for the Arrangement, TSX Trust Company, in accordance with the instructions contained in the letter of transmittal and election form in order to receive the Share Consideration to which they are entitled pursuant to the Arrangement. A copy of the Circular and letter of transmittal and election form can be found under Rifco’s profile at www.sedar.com.

“We are excited to work with Rifco’s management and staff to strengthen Rifco’s market position by leveraging off of Chesswood’s strengths and are so glad to have them join the Chesswood family,” said Ryan Marr, Chesswood’s President and CEO.

The Chesswood Shares issued as Share Consideration were listed for trading on the Toronto Stock Exchange (the “TSX“) upon closing of the Arrangement. The Rifco Shares were delisted from the TSX Venture Exchange (the “TSXV“) at the close of trading on the date hereof.

Corporate Revolver Renewal

Chesswood is also pleased to announce it has completed the renewal of its corporate revolver. This facility is provided by a syndicate of banks, including leading Canadian and U.S. banks active in our industry, and is co-led by RBC Capital Markets and TD Securities.

“Our revolving credit facility allows us tremendous opportunity to fund our current and future growth. We are excited to announce we are expanding the base commitment to US$300 million and the accordion feature to US$100 million, for a total potential facility amount of US$400 million,” said Marr. “This renewal provides greater financial and operational flexibility for the company as it pursues its strategic plan, including a welcomed reduction in our cost of funds. This renewal reflects the strong commitment Chesswood continues to receive from its lenders. We’re very grateful for the support of our lenders in Canada and the United States,” added Marr.

The term of the senior revolving facility now extends to January 2025 and provides the Company with a strong capital base from which to support future growth.

About Chesswood Group Limited

Through two wholly-owned subsidiaries in the United States and three subsidiaries in Canada, Chesswood Group Limited is North America’s only publicly traded commercial equipment finance company focused on small and medium-sized businesses. Colorado-based Pawnee Leasing Corporation, founded in 1982, finances a highly diversified portfolio of commercial equipment leases and loans through relationships with over 600 brokers in the United States. Tandem Finance Inc. provides financing in the U.S. through the equipment vendor channel. In Canada, Blue Chip Leasing Corporation has been originating and servicing commercial equipment leases and loans since 1996, and today operates through a nationwide network of more than 50 brokers. Vault Credit Corporation specializes in equipment leases and commercial loans across Canada, allowing for customizable financing solutions while catering to a wide spectrum of credit tiers, equipment types and sectors by offering industry-leading service levels, experienced underwriters and account administrators. Vault Home was launched in September 2021 and focuses on providing home improvement and other consumer financing solutions in Canada.

Based in Toronto, Canada, the Chesswood Shares trade on the TSX under the symbol CHW.

To learn more about Chesswood Group Limited, visit www.Chesswoodgroup.com.

The websites of Chesswood’s operating subsidiaries (other than Rifco) are:

www.PawneeLeasing.com
www.TandemFinance.com 
www.VaultPay.ca
  www.BlueChipLeasing.com 
www.VaultCredit.com
 

 

About Rifco Inc.

Rifco is focused on being the best alternative auto finance company through its wholly owned subsidiary Rifco National Auto Finance Corporation. Its mission is to help deserving Canadians own automobiles.

Rifco seeks to create sustainable long-term competitive advantages through personalized partnerships with dealers, innovative products, the use of industry-leading data and analytics, and leading collections practices. Rifco’s corporate culture fosters employees that are highly engaged, innovative and performance driven.

The website of Rifco is www.rifco.net

Caution Regarding Forward-Looking Information

This news release includes “forward-looking information” within the meaning of applicable securities laws relating to, among other things, the successful integration of Rifco and the accreted use and continuing availability of credit facilities. Forward-looking information may in some cases be identified by words such as “will”, “anticipates”, “expects”, “intends” and similar expressions suggesting future events or future performance. Chesswood cautions that all forward-looking information is inherently subject to change and uncertainty and that actual results may differ materially from those expressed or implied by the forward-looking information. A number of risks, uncertainties and other factors could cause actual results and events to differ materially from those expressed or implied in the forward-looking information or could cause Chesswood’s current objectives, strategies and intentions to change. Accordingly, Chesswood warns readers to exercise caution when considering statements containing forward-looking information and that it would be unreasonable to rely on such statements as creating legal rights regarding Chesswood’s future results or plans. Chesswood cannot guarantee that any forward-looking information will materialize and readers are cautioned not to place undue reliance on this forward-looking information. Any forward-looking information contained in this news release represents expectations as of the date of this news release and are subject to change after such date. However, Chesswood is under no obligation (and Chesswood expressly disclaims any such obligation) to update or alter any statements containing forward-looking information, the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law. All of the forward-looking information in this news release is qualified by the cautionary statements herein.

Forward-looking information is provided herein for the purpose of giving information about the matters referred to above. Readers are cautioned that such information may not be appropriate for other purposes. A comprehensive discussion of other risks that impact Rifco can also be found in its public reports and filings which are available under its profile on SEDAR at www.sedar.com.

None of TSXV, TSX or their respective Regulation Services Providers (as that term is defined in the policies of the relevant exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact

Investor Relations: Phone 416-386-3099, Email: investorrelations@chesswoodgroup.com

Media Inquiries: Ryan Marr, Chief Executive Officer, 416-386-3099, rmarr@chesswoodgroup.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/110293

CSE Bulletin: New Listing – Cult Food Science Corp. (CULT)

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Toronto, Ontario–(Newsfile Corp. – Le 14 janvier/January 2021) – The common shares of Cult Food Science Corp. have been approved for listing on the CSE.

Listing and disclosure documents will be available at www.thecse.com on the trading date.

Cult Food Science is an investment issuer with an innovative investment platform focused exclusively on clean, lab-grown food that is advancing the development of novel technologies to provide a sustainable, environmental and ethical solution to the global factory farming and aquaculture crisis.

_________________________________

Les actions ordinaires de Cult Food Science Corp. ont été approuvées pour être cotées sur le CSE.

Les documents d’inscription et d’information seront disponibles sur www.thecse.com à la date de négociation.

Cult Food Science est un émetteur d’investissement doté d’une plateforme d’investissement innovante axée exclusivement sur des aliments propres et cultivés en laboratoire qui fait progresser le développement de nouvelles technologies pour fournir une solution durable, environnementale et éthique à la crise mondiale de l’élevage industriel et de l’aquaculture.

Issuer/Émetteur: Cult Food Science Corp.
Security Type/Titre: Common Shares/Actions ordinaires
Symbol(s)/Symbole(s): CULT
Number of securities issued and outstanding/ Titres émis et en circulation: 139 304 150
Number of Securities reserved for issuance/ Titres réservés pour émission: 147 015 926
CSE Sector/Catégorie: Diversified Industries/Sociétés diversifiées
CUSIP: 230266 20 7
ISIN: CA 230266 20 7 7
Boardlot/Quotité: 500
Consolidation: 2 Old for 1 New/2 Anciens pour 1 Nouveau
Trading Currency/Monnaie de négociation: CDN$/$CDN
Trading Date/Date de negociation: Le 17 janvier/January 2022
Other Exchanges/Autres marches: N/A
Fiscal Year end /Clôture de l’exercice financier: le 31 décembre/December
Transfer Agent/Agent des transferts: Endeavor Trust Corporation

 

The Exchange is accepting Market Maker applications for CULT. Please email: Trading@theCSE.com

If you have any questions or require further information please contact Listings at (416) 367-7340 or E-mail: Listings@thecse.com

Pour toute question, pour obtenir de l’information supplémentaire veuillez communiquer avec le service des inscriptions au 416 367-7340 ou par courriel à l’adresse: Listings@thecse.com

CSE Bulletin: New Listing – Prisma Capital Inc. (PCC)

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Toronto, Ontario–(Newsfile Corp. – Le 14 janvier/January 2021) – The common shares of Prisma Capital Inc. have been approved for listing on the CSE.

Listing and disclosure documents will be available at www.thecse.com on the trading date.

Prisma Capital Inc. is a resource exploration issuer that acquires and explores mineral properties. Prisma’s intentions are to explore and develop its principal property, the McGill Property in British Columbia.

_________________________________

Les actions ordinaires de Prisma Capital Inc. ont été approuvées pour inscription à la CSE.

Les documents d’inscription et d’information seront disponibles sur www.thecse.com à la date de négociation.

Prisma Capital Inc. est un émetteur d’exploration de ressources qui acquiert et explore des propriétés minières. Les intentions de Prisma sont d’explorer et de développer sa principale propriété, la propriété McGill en Colombie-Britannique.

Issuer/Émetteur: Prisma Capital Inc.
Security Type/Titre: Common Shares/Actions ordinaires
Symbol(s)/Symbole(s): PCC
Number of securities issued and outstanding/ Titres émis et en circulation: 6 960 901
Number of Securities reserved for issuance/ Titres réservés pour émission: 2 500 000
CSE Sector/Catégorie: Mining/Minier
CUSIP: 74276F 10 8
ISIN: CA 74276F 10 8 0
Boardlot/Quotité: 500
Trading Currency/Monnaie de négociation: CDN$/$CDN
Trading Date/Date de negociation: Le 17 janvier/January 2022
Other Exchanges/Autres marches: N/A
Fiscal Year end /Clôture de l’exercice financier: le 31 décembre/December
Transfer Agent/Agent des transferts: Endeavor Trust Corporation

 

The Exchange is accepting Market Maker applications for PCC. Please email: Trading@theCSE.com

If you have any questions or require further information please contact Listings at (416) 367-7340 or E-mail: Listings@thecse.com

Pour toute question, pour obtenir de l’information supplémentaire veuillez communiquer avec le service des inscriptions au 416 367-7340 ou par courriel à l’adresse: Listings@thecse.com

CSE Bulletin: Stock Split – Blender Bites Limited (BITE)

0

Toronto, Ontario–(Newsfile Corp. – le 14 janvier/January 2022) – Blender Bites Ltd. has announced a split in which existing shareholders of the Company will receive 1.25 common shares in exchange for every existing common share of the Company.

The shares will begin trading on a split basis (ex-distribution) on January 18, 2022.

Upon completion of the split, there will be approximately 36,978,280 shares issued and outstanding.

All open orders will be purged from the book at the market close on January 17, 2022. Dealers are reminded to re-enter their orders taking into account the 1.25 for 1 stock split.

_________________________________

Blender Bites Ltd. a annoncé une scission dans laquelle les actionnaires existants de la Société recevront 1,25 action ordinaire en échange de chaque action ordinaire existante de la Société.

Les actions commenceront à être négociées sur une base fractionnée (hors distribution) le 18 janvier 2022.

À la fin de la scission, il y aura environ 36 978 280 actions émises et en circulation.

Tous les ordres ouverts seront purgés du livre à la clôture du marché le 17 janvier 2022. Il est rappelé aux concessionnaires de saisir à nouveau leurs ordres en tenant compte du fractionnement d’actions 1,25 pour 1.

Issuer/Émetteur : Blender Bites Limited
Symbol(s)/Symbole(s) : BITE
Trading on a Split Basis/Négociation sur une base divisé : Le 18 janvier/January 2022
Record Date/Date d’enregistrement : Le 19 janvier/January 2022
NEW/NOUVEAU CUSIP: 09353K 20 8
NEW/NOUVEAU ISIN: CA 09353K 20 8 3
Old/Vieux CUSIP & ISIN: 09353K109/CA09353K1093

 

If you have any questions or require further information please contact Listings at (416) 367-7340 or E-mail: Listings@thecse.com

Pour toute question, pour obtenir de l’information supplémentaire veuillez communiquer avec le service des inscriptions au 416 367-7340 ou par courriel à l’adresse: Listings@thecse.com

Global Flyer Distribution Launches, Aims to Help Businesses Grow and Gain Visibility

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Reading Time: < 1 minute

Towson, Maryland–(Newsfile Corp. – January 14, 2022) – The

Figure 1: Global Flyer Distribution Launches, Aims to Help Businesses Grow And Gain Visibility

Global Flyer Distribution aims to identify the target market, design, and create a system that fits the brand. From design and printing through distribution, the Company aims to help improve the entire marketing chain.

Global Flyer Distribution Core Services

Global Flyer Distribution offers the following services:

  • Door to door distribution
  • Hand to hand distribution
  • Printing
  • Design

Global Flyer Distribution Features

Quality Service

Global Flyer Distribution offers only the best flyer distribution service across the United States.

Affordable Prices

Global Flyer Distribution charges one of the most affordable prices in the industry. The Company believes in providing value for money; as such, they pegged the prices to be affordable for small businesses.

Anywhere in the United States

Global Flyer Distribution offers flyer distribution service to every nook and cranny of the U.S. You can place your order to be delivered at any address, town, city, or neighborhood, and the company will get it done.

Drive with Us Service

In order to ensure the accuracy of your flyer distribution, you can send your staff members to monitor the flyer distribution campaign.

Service Areas In The US

Areas covered by the company include:

  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming.

About Global Flyer Distribution

Global Flyer Distribution is a door hanger and door to door flyer distribution company that provides excellent flyer distribution services across the United States. With professional staff, which is disciplined; your flyers, door hangers, and brochures will be delivered to your doorstep within timeline.

Media Details

Company Name: Global Flyer Distribution
Contact Name:
GlobalFlyer
Location:
1 Olympic Pl, Towson, MD 21204
Email:
info@GlobalFlyerDistribution.com
Website:
https://www.globalflyerdistribution.com/

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/110151

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DelphX Signs Bank of New York Mellon as Custodian for New Structured Products Platform

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Toronto, Ontario–(Newsfile Corp. – January 14, 2022) – DelphX Capital Markets Inc. (TSXV: DELX) (OTCQB: DPXCF) (“DelphX“) is pleased to announce that its Quantem Capital Corporation (“Quantem”) subsidiary has entered into an agreement designating Bank of New York Mellon (“BNYM”) as Collateral Account bank and Paying Agent for the new DelphX facility for the issuance of the DelphX proprietary structured products, CPO (Collateralized Put Options) and CRN (Collateralized Reference Notes).

BNYM will serve as Issuing and Paying Agent, Registrar and Transfer Agent, and the Collateral Account Bank for the Quantem platform, handling all assets and transactions related to CPO and CRN transactions. Included in these roles, the custodian will settle and safekeep trades, manage the collection and payment of principal and interest to holders, and provide online access and reporting on cash and securities positions to participants.

“A trusted Agent is an essential requirement in our platform, because the movement and holding of funds and assets sits with a third-party entity in order to ensure greater transparency and safety,” said DelphX CEO Patrick Wood. “BNY Mellon is the world’s largest Trustee, custodian bank and asset servicing company, with $45 trillion in assets and operations in 35 countries. Our proprietary CPO and CRN products will be new to the marketplace, so having BNYM at the center of our platform will give users an extra measure of confidence in the security and accuracy of the assets they deploy. This agreement with BNYM also positions us for the kind of scale we envision as our platform grows in the future.”

Today’s agreement represents one of the final, essential elements required for launch of the DelphX platform. The Company is currently working on additional partnerships that will complete the commercialization cycle for its industry-first structured products marketplace.

About DelphX:

DelphX is a technology and financial services company focused on developing and distributing the next generation of structured products. Through its special purpose vehicle Quantem and its broker-dealer DelphX Services Corp, it enables fixed income dealers to offer new Rule 144A securities that optimally transfer and diffuse credit risk, while allowing the enhancement of yield. The new DelphX securities will be regulated by the SEC and enable dealers to competitively structure, sell and make markets in:

  • Collateralized Put Options (CPOs) that provide secured default protection for underlying corporate, municipal and sovereign securities, and

  • Collateralized Reference Notes (CRNs) that enable credit investors to take on the default exposure of an underlying security in exchange for enhanced yield.

All CPOs and CRNs are fully collateralized and held in custody by an independent custodian. CPOs and CRNs are proprietary products created and owned by DelphX Capital Markets Inc.

For more information about DelphX, please visit www.delphx.com.

Contact:

Mark Forney, Corporate Development
DelphX Capital Markets Inc.
Mark.forney@delphx.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/110094

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