Babson College Hosts Global Entrepreneurship Summit This Week in Tuscany
Prominent Entrepreneurial Leaders to Gather in Italy for Conversations on Innovation, Design, Family Enterprise, and the Future of Global Business
Wellesley, Massachusetts--(Newsfile Corp. - March 27, 2025) - From March 27–29, 2025, Babson College will host its ninth Babson Connect Worldwide (BCW), the College's premier global entrepreneurship summit, at Castelfalfi, a five-star, alumni-owned estate in the heart of Tuscany. This year's gathering—Decoding the Medici: Pioneering the Digital Renaissance—will spotlight the intersection of heritage and innovation in the birthplace of the Renaissance, drawing more than 300 entrepreneurial leaders from more than 30 countries.
Bringing together global founders, executives, family enterprise leaders, and rising changemakers—alongside alumni and friends of the College—BCW invites top minds in business to share ideas, explore bold solutions, and create social and economic value worldwide. The summit features keynote speakers and panel discussions with prominent leaders, as well as interactive executive education workshops and curated networking experiences focused on the most pressing challenges and opportunities facing entrepreneurial leaders today.
Topics will explore some of the most compelling forces shaping global business today, including sustainable entrepreneurship, evolving consumer behavior, and the future of luxury, fashion, and culinary ventures. Sessions will also examine the growing influence of technology and AI, and how family enterprises are adapting-balancing tradition with bold reinvention.
Discussions will be led by a distinguished roster of speakers representing some of the most iconic names in global business and innovation. Featured voices include Carlo Cracco (Cracco Investimenti), Giovanni Colavita (Colavita USA), Paolo Barilla (Barilla Group), and Albiera Antinori (Marchesi Antinori); James Ferragamo (Salvatore Ferragamo); Marco Bizzarri (former CEO, Gucci); Filippo Ricci (Stefano Ricci); and Audrey McLoghlin (Frank & Eileen); as well as Veronica Berti Bocelli and Laura Biancalani of the Andrea Bocelli Foundation.
Additional speakers include Nerio Alessandri (Technogym) and Michele Uva (UEFA). Italian civic leaders—including Sara Funaro, Mayor of Florence, and Paolo Pomponi, Mayor of Montaione—round out a program that spans sectors, generations, and global perspectives. With contributions from government officials, family enterprise founders, and sustainability champions, BCW 2025 reflects the full spectrum of entrepreneurial leadership shaping the future of business and society.
'Babson Connect Worldwide is a vital component in our global programming aimed at supporting and inspiring entrepreneurial leaders to impact communities around the world,' said Babson College President Stephen Spinelli Jr. MBA'92, Ph.D. 'Babson alumni and friends around the world make us an everywhere institution, and BCW provides them with an opportunity to recommit themselves to lifelong learning in their quest to make the world a better place while forging new and meaningful connections. The timeless beauty of the Tuscan countryside, with its breathtaking vistas and rich history, sets the stage for what will be a memorable gathering.'
This year's summit reflects the reach and diversity of Babson's global network, with participants representing nearly every region of the world—including North and South America, Europe, Asia, the Middle East, and beyond. Participants include family business leaders, global executives, social innovators, and next-generation entrepreneurs—each bringing a unique perspective to a shared commitment: using entrepreneurship to drive meaningful change.
Since its launch in 2015, BCW has brought together alumni and friends from 129 countries. The 2025 summit continues that tradition by providing a platform for meaningful connections, opportunities for lifelong learning, and collective action in support of entrepreneurial leadership worldwide.
Learn more at at babson.edu/bcw or view the full program guide here.
About Babson College
Babson College is a global leader in entrepreneurship education. Through its proven Entrepreneurial Thought & Action® methodology, the College prepares entrepreneurial leaders who create, grow, and steward sustainable economic and social value around the world. Founded in 1917 in Wellesley, Massachusetts, Babson has empowered more than 45,000 entrepreneurial leaders to impact communities and industries of all kinds. Babson is recognized as the No. 2 best college in the United States by The Wall Street Journal and has maintained its place as No. 1 atop U.S. News & World Report's entrepreneurship rankings for decades. The College offers an array of undergraduate, graduate, and executive education programs and partners with organizations around the world to support global entrepreneurship initiatives. Through the Arthur M. Blank School for Entrepreneurial Leadership and Babson's centers and institutes, the College empowers accomplished and aspiring entrepreneurs to advance the study and practice of entrepreneurial thought leadership around the world.
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The key financial terms of the Tiger Option are set out below: AUD $1 million (CAD $0.9 million) (Paid) (the "Closing"); AUD $2 million (CAD $1.8 million) payable eight months following the Closing; AUD $4.5 million (CAD $4.0 million) payable twelve months following the Closing; AUD $6.5 million (CAD $5.85 million) due at first gold pour; and a 1% NSR on future gold production from the Quinchía Project. Upon completion of the QT, Badger will carry on the business of Tiger as a mineral exploration company focused on the exploration and development of the Quinchía and Andes projects in Colombia. Terms of the QT The QT is expected to be structured as a three-cornered amalgamation pursuant to the provisions of the Business Corporations Act (British Columbia), whereby the Company will incorporate a wholly-owned subsidiary which will amalgamate with Tiger to form a new amalgamated company. 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Financings In connection with the QT, Tiger intends to complete the following financings: an initial private placement of equity securities at a price of $0.25 per security on or before July 15, 2025 (the "Initial Capital Raise"); and a subsequent private placement of equity securities either prior to or in connection with the completion of the QT, at a price to be determined prior to closing of the QT (the "Concurrent Financing"). The net proceeds raised by Tiger in the Initial Capital Raise and the Concurrent Financing will be used to fund the completion of a Preliminary Economic Assessment in the project, for staged cash payments payable to the optionor under the Tiger Option within 12 months following the completion of the QT, for exploration and development of the Quinchía and Andes Gold Projects, to advance other project areas of the Quinchía Gold Project, and for general working capital purposes. 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The names and backgrounds of the board and management of the Company appointed in connection with the QT will be disclosed in a subsequent news release once determined. Trading in Badger Shares Trading in the common shares of the Company (the "Badger Shares") has been halted in compliance with the policies of the TSX-V. Trading will remain halted pending the review of the QT by the TSX-V and satisfaction of the conditions of the TSX-V for resumption of trading. It is possible that trading in the Badger Shares will not resume prior to the closing of the QT. Sponsorship Sponsorship of a QT is required by the TSX-V unless a waiver from the sponsorship requirement is obtained. The Company intends to apply for a waiver from sponsorship for the QT. There is no assurance that a waiver from this requirement will be obtained. Disclosure Pursuant to Policy 2.4 Completion of the QT is subject to a number of conditions, including but not limited to, TSX-V acceptance and, if applicable, pursuant to TSX-V requirements, majority of the minority shareholder approval. Where applicable, the QT cannot close until the required shareholder approval is obtained. There can be no assurance that the QT will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the QT, any information released or received with respect to the QT may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative. The TSX-V has in no way passed upon the merits of the proposed QT and has neither approved nor disapproved the contents of this press release. In connection with the QT, the Company will issue a subsequent news release setting out further information as contemplated in Policy 2.4. Qualified Person Jim Currie, a Qualified Person as defined by National Instrument 43-101 and independent geological consultant to the Company, has reviewed and verified the technical information provided in this news release. For further information, please see the Company's profile and documents available under the Company's name on SEDAR+ at ON BEHALF OF THE BOARD "Neil Currie" Neil CurriePresident, CEO, CFO, Corporate Secretary and DirectorTelephone: (604) 569-2209Email: neil@ Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements This press release contains statements which constitute "forward-looking statements" and "forward-looking information" within the meaning of applicable securities laws (collectively, "forward-looking statements"), including statements regarding the plans, intentions, beliefs and current expectations of Badger and Tiger with respect to future business activities and operating performance. Forward-looking statements are often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions and includes information regarding: (a) expectations regarding the QT including, but not limited to, the timing associated with entering into the Definitive Agreement and the anticipated terms and conditions to be contained in the Definitive Agreement; the necessary shareholder and regulatory approvals and the timing associated with obtaining such approvals; the proposed change in name of the Company; the anticipated size and composition of the Company's board of directors following the QT; and the terms of the Initial Capital Raise and Concurrent Financing, including the size and timing associated with completing such financings; (b) the business plans and expectations of Tiger; (c) trading in Badger Shares and when such trading will resume, if at all; (d) the issuance of and timing associated with issuing a further comprehensive news release or news releases; (e) Tiger's completion of historical data verification activities and updated mineral resource estimates forming the basis of a PEA and the expected timing thereof; and (f) expectations for other economic, business, and/or competitive factors. Such forward-looking statements are based on a number of assumptions of management, including, without limitation, that the parties will be able to obtain the requisite regulatory, board, shareholder and third party approvals and satisfy the other conditions to the consummation of the QT on the proposed terms and schedule; that the parties will have completed satisfactory due diligence and enter into the Definitive Agreement within the expected timeframe; that Tiger will be able to complete the Initial Capital Raise and Concurrent Financing on the terms and conditions and within the timeframe expected; that the parties will be able to negotiate the Definitive Agreement as soon as practicable and in any event prior to July 7, 2025; that the Definitive Agreement will not be terminated prior to the closing the QT; that the QT will be completed in accordance with the terms and conditions of the Definitive Agreement and within the timeframe expected; that no unanticipated events will occur that will delay or prevent the completion of the QT; and that Tiger will complete its planned historical data verification activities and prepare updated mineral resource estimates forming the basis of a PEA and on the timing anticipated. Additionally, these forward-looking statements may be affected by risks and uncertainties in the business of Badger and Tiger and general market conditions. Investors are cautioned that forward-looking statements are not based on historical facts but instead reflect Badger and Tiger's respective management's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Badger and Tiger believe that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed thereon, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking statements are the following: the ability to consummate the QT; the ability to obtain requisite regulatory and Board approvals and the satisfaction of other conditions to the consummation of the QT on the proposed terms and schedule; the potential impact of the announcement or consummation of the QT on relationships, including with regulatory bodies, employees, customers and competitors; changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws and regulations both locally and in foreign jurisdictions; compliance with extensive government regulation and the costs associated with compliance; unanticipated costs; the risk that Tiger will not be able to complete its planned historical data verification activities and prepare updated mineral resource estimates forming the basis of a PEA on the timing anticipated or at all; the risks and uncertainties associated with foreign markets; and the diversion of management time on the QT. These forward-looking statements may be affected by risks and uncertainties in the business of Badger and Tiger and general market conditions. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Badger and Tiger have attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended and such changes could be material. Badger and Tiger do not intend, and do not assume any obligation, to update the forward-looking statements except as otherwise required by applicable law. 1 A "qualified person" (QP) under National Instrument 43-101 has not done sufficient work to classify these historical estimates as current mineral resources or reserves, and the Company is not treating the historical estimates as current mineral resources or mineral reserves. 2 Mineralization hosted on nearby or adjacent properties is not necessarily indicative of mineralization hosted on the Company's properties. 3 LCL Resources Ltd., October 16, 2023, May 3, 2024, Press Releases. 4 Agencia Nacional de Minería (Colombia), Auto de Fiscalización Integral No. 582 de 2024, issued September 26, 2024 5 LCL Resources Ltd., November 11, 2022, Press Release. NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
