logo

Canadian Investment Regulatory Organization Trading Halt - AFN.DB.K Français

Cision Canada09-06-2025
TORONTO, /CNW/ - The following issues have been halted by CIRO:
Company: Ag Growth International Inc.
TSX Symbol: AFN.DB.K
All Issues: No
Reason: Pending Closing
Halt Time (ET): 8:00 AM
CIRO can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. CIRO is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
SOURCE Canadian Investment Regulatory Organization (CIRO) – Halts/Resumptions
For further information about CIRO's trading halt policy, please see Trading Halts & Timely Disclosure at www.ciro.ca under the Markets tab. Please note that CIRO staff cannot provide any information about a specific halt beyond what is contained in this halt notice. For general information about CIRO, contact CIRO's Complaints & Inquiries team by submitting a Secure Form located on our contact page at www.ciro.ca or dialing 1-877-442-4322 (Option 1). For company-related enquiries, please contact the company directly.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

HLS Therapeutics Announces New Credit Agreement
HLS Therapeutics Announces New Credit Agreement

Cision Canada

timea minute ago

  • Cision Canada

HLS Therapeutics Announces New Credit Agreement

TORONTO, Aug. 20, 2025 /CNW/ - HLS Therapeutics Inc. ("HLS" or the "Company") (TSX: HLS), a pharmaceutical company focusing on addressing unmet needs in the treatment of psychiatric disorders and cardiovascular disease, announces that the company has entered into a new Credit Agreement (the "Agreement") with National Bank of Canada ("National Bank") as administrative agent which provides for committed credit facilities denominated in Canadian dollars of up to CAD $107 million (USD ~$77.5 million). National Bank serves as administrative agent and lead arranger, with the Toronto-Dominion Bank, Royal Bank of Canada, and Innovation Federal Credit Union as syndicate members. The Agreement replaced HLS's credit facility with JP Morgan Chase Bank, N.A. which had a maturity date of August 11, 2026. On closing, the proceeds from the new term facility were used to repay the Company's existing credit agreement in full. The new Agreement has a maturity date of August 19, 2029. The Agreement consists of a CAD $79 million term credit facility, a CAD $14 million delayed draw facility and a CAD $14 million revolving credit facility. In addition, HLS can increase facilities further through an uncommitted CAD $40 million accordion facility (subject to Lender agreement). Interest on the Agreement accrues at a rate per month equal to the sum of the Canadian Overnight Repo Rate Average ("CORRA") plus a range of 2.25% to 3.50% depending on the leverage ratio of the Company at the time. Interest rate spreads are 25-50 basis points below the rate in the Company's prior credit agreement, providing improved cash flow through reduced interest expense. The debt is denominated in Canadian dollars, creating a natural currency hedge against the Company's predominantly Canadian operations. In addition to the interest rate spread savings detailed above, HLS will achieve further interest rate savings in excess of 100 basis points based on current market interest rates, as a result of the differential between US dollar and Canadian dollar base rates. "We are pleased to finalize this new credit agreement with National Bank and our syndicate partners, which reflects their confidence in our outlook," said John Hanna, CFO of HLS Therapeutics. "The Agreement delivers improved terms that reflect our strengthened financial position and provides enhanced financial flexibility and cash flow to pursue our capital allocation priorities such as share buybacks and portfolio expansion." ABOUT HLS THERAPEUTICS INC. Formed in 2015, HLS is a pharmaceutical company focused on the acquisition and commercialization of late-stage development, commercial stage promoted and established branded pharmaceutical products in the North American markets. HLS's focus is on products targeting the central nervous system and cardiovascular therapeutic areas. HLS's management team is composed of seasoned pharmaceutical executives with a strong track record of success in these therapeutic areas and at managing products in each of these lifecycle stages. For more information visit: FORWARD LOOKING INFORMATION This release includes forward-looking statements regarding HLS and its business. Such statements are based on the current expectations and views of future events of HLS's management. In some cases the forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "plan", "anticipate", "intend", "potential", "estimate", "believe" or the negative of these terms, or other similar expressions intended to identify forward-looking statements, including, among others, statements with respect to HLS's pursuit of additional product and pipeline opportunities in certain therapeutic markets, statements regarding growth opportunities and expectations regarding financial performance. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting HLS, including risks relating to the specialty pharmaceutical industry, risks related to the regulatory approval process, economic factors and many other factors beyond the control of HLS. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause HLS's actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. A discussion of the material risks and assumptions associated with this release can be found in the Company's Annual Information Form dated March 12, 2025, and Management's Discussion and Analysis dated August 13, 2025, both of which have been filed on SEDAR+ and can be accessed at Accordingly, readers should not place undue reliance on any forward-looking statements or information. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and HLS undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. SOURCE HLS Therapeutics Inc.

Austin Roofing & Waterproofing Incorporated: Canada's Largest Fluid Applied Commercial and Industrial Flat Roofing Contractor. Blending Technology with Community Heritage
Austin Roofing & Waterproofing Incorporated: Canada's Largest Fluid Applied Commercial and Industrial Flat Roofing Contractor. Blending Technology with Community Heritage

Cision Canada

timea minute ago

  • Cision Canada

Austin Roofing & Waterproofing Incorporated: Canada's Largest Fluid Applied Commercial and Industrial Flat Roofing Contractor. Blending Technology with Community Heritage

TORONTO, Aug. 20, 2025 /CNW/ - Austin Roofing & Waterproofing, Canada's leader in commercial and industrial flat roofing systems, speaks on coexisting innovation with cultural preservation for heritage communities, and different techniques to determine and establish the best contractor selection for your project. Patrick Austin, President of the organization speaks on how the industry is evolving, and why embracing innovation works to everyone's advantage. Austin Roofing & Waterproofing boasts a generational influence of commercial and industrial roofing throughout Ontario's province, executing some of the largest and most sophisticated roofing projects from global franchises to fortune 500 companies. While Austin Roofing continues demonstrating the leadership traits passed down years ago, it is their leadership strategy which keeps them in the forefront of leading-edge technology and innovation. "There is exciting news from Austin Roofing, said Patrick Austin" we are proud to announce that our firm has been awarded the highly sought-after Heritage Restoration Permit Approval from the City of Markham, Ontario, for the Unionville Curling Club, located in The Greater Toronto Area. This approval represents a significant milestone not only for our company but also for the preservation of Markham's cultural and architectural heritage" Patrick stated, the project is located in the heart of Unionville, Markham's renowned heritage district, a community celebrated for its historic character and architectural legacy. This landmark undertaking has generated substantial attention across the Greater Toronto Area, as the complete roof restoration called upon the expertise of the region's top five commercial and industrial roofing contractors. Each firm was invited to propose a solution that balanced historical preservation with modern innovation, while ensuring the property's legacy could be protected for years to come, while also maintaining its overall authenticity. It was a project that required balancing conventional methods versus up-to-date technology, and the differences within each system of the technology available, while also weighing the overall impact to the current structure and adjustments it may cause to the buildings integrity. There were many things taken into consideration said Patrick. Austin Roofing's proposal, which emphasized the differences in technology with proper site preparation techniques, while remaining sensitive to heritage requirements, was unanimously approved during the City of Markham's council meeting—an achievement that underscores our leadership and reputation within the industry said Patrick. This solidifies the hard work and commitment we put into what we do. It demonstrates leadership, trust, and separation in the industry as to how and why we remain in the forefront. This unanimous decision reflects confidence in our ability to deliver complex restoration projects where precision, compliance, and innovation are paramount. It is the result of treating each project with the same attention to detail and passion, year after year said Patrick. For Austin Roofing, this approval represents more than just another contract, it is an opportunity to demonstrate how innovation and craftsmanship can coexist with cultural preservation. We are honoured to play a critical role in protecting Markham's heritage, and proud to continue setting new standards for roofing excellence across Ontario, Canada. For commercial and industrial roofing systems, think innovation. Think Austin. Austin Roofing & Waterproofing believes in the The Austin Promise, and it's the reason those who choose them, stay with them. Their relationships are defined by the dedication to their cause, to bring Ontario the best in commercial and industrial roofing and waterproofing. About Austin Roofing & Waterproofing Austin Roofing & Waterproofing is Canada's largest fluid-applied roofing solution provider from Windsor to Ottawa. With roots and a reputation that extends over 35 years, Austin has been synonymous with performance excellence and innovative concepts for generations. They specialize in industrial-grade, instant-set, completely seamless roofing systems and cool roof coatings specifically designed for Ontario's harsh, fluctuating climate. Their teams work directly with the highest quality product manufacturers in the world and, in responding to the province's environment, have discovered the solution to its commercial, industrial and agricultural experiences. They lead Ontario, because they live it. SOURCE Austin Roofing & Waterproofing

Polar Max Steel Cutting Launches Construction Phase for Canada's Flagship Polar Max Icebreaker Français
Polar Max Steel Cutting Launches Construction Phase for Canada's Flagship Polar Max Icebreaker Français

Cision Canada

time31 minutes ago

  • Cision Canada

Polar Max Steel Cutting Launches Construction Phase for Canada's Flagship Polar Max Icebreaker Français

LÉVIS, QC, Aug. 20, 2025 /CNW/ - In a historic milestone for the Canadian shipbuilding industry, Davie today officially began construction of the Polar Max icebreaker, a vessel that, once delivered by 2030, will redefine Canada's Arctic capabilities. Uniquely, Polar Max will be constructed through an innovative industrial collaboration between Canadian-controlled facilities in Helsinki, Finland and Lévis, Canada. Construction on the Polar Max hull will begin at Davie's Helsinki Shipyard, which has built 100% of the complex medium to heavy icebreakers delivered from Finland over the past 25 years 1. The largest proportion of the work on the Polar Max, and delivery of the ship to the Canadian Coast Guard, will be from Davie's home facility in Lévis, which is simultaneously undergoing an $840 million upgrade. This will secure Canada's long-term ability to design and build complex ships for current and future Arctic programs. The hybrid build strategy will accelerate the delivery of the ship by several years ahead of the original schedule. It will also bring forward job creation and the transfer of shipbuilding know-how to Canada, while stimulating Canada's maritime supply chain. The Polar Max sets a new standard for Canadian shipbuilding procurement – a smart approach that will deliver major economic and strategic benefits to Québec and Canada. Notable features: Rapid: Construction will begin just five months after contract signature. Disciplined: Fixed-price contract supports on-time delivery and cost benefits. Business boost: $200 million will be invested in small and medium-sized Canadian businesses throughout the Polar Max supply chain. Québec jobs: The creation of thousands of high-value jobs in Lévis, across the province and throughout Canada's marine industry will be accelerated. New partners: Le Groupe ALMACO, a proudly Canadian subsidiary of ALMACO Group, will deliver a major outfitting contract for Polar Max. This collaboration will create jobs, industrial capability, and a first-in-Canada modular cabin factory in Québec. Knowledge transfer: Workforce and expertise exchange with Helsinki Shipyard will directly strengthen future National Shipbuilding Strategy projects. "Today's steel cutting ceremony is more than the start of construction of one very special ship. It's the start of a new chapter in Canadian Arctic leadership," said James Davies, CEO of Davie. "The Polar Max represents how trusted allies can collaborate to deliver strategically vital projects when they are needed most. We want to thank the governments of Canada and Québec for their vision, and we are determined to deliver this ship on time and on budget." "Davie is uniquely positioned to deliver a ship as advanced and strategically important as the Polar Max," said Alex Vicefield, Chairman and CEO of Inocea, Davie's parent group. "With a global footprint, including our soon-to-be upgraded Lévis facility and the renowned Helsinki Shipyard, we combine the world's best polar shipbuilding expertise with the strength, skill and unique Davie spirit of our Canadian workforce." A Canadian shipbuilding solution with global impact The Polar Max icebreaker is a great example of what can be achieved as part of the Icebreaker Collaboration Effort (ICE Pact) — a trilateral initiative between Canada, Finland, and the United States to design and build Arctic and polar icebreakers— and will be the first polar icebreaker to be built collaboratively between Europe and North America. The Polar Max is a production-ready heavy icebreaker designed to operate in some of the world's harshest conditions. The vessel will support Canada's Arctic sovereignty, critical scientific missions, environmental protection efforts, and maritime security. "In an increasingly complex world, Canada's new government is meeting the moment by rebuilding and reinvesting in the Canadian Coast Guard's fleet of icebreakers. Through the National Shipbuilding Strategy, we are transforming how we deliver critical marine infrastructure and equipment, for the benefit of Canadians for generations to come. Working with partners like Chantier Davie and other industry leaders, we are equipping the Coast Guard with modern vessels and cutting-edge technology that will support our Arctic sovereignty and support a stronger Canadian economy for decades ahead." The Honourable Joël Lightbound Minister of Government Transformation, Public Works and Procurement "Today's construction launch marks a major step in Canada's commitment to reinforcing Arctic sovereignty. The Polar Max project will deliver advanced vessels for the Canadian Coast Guard while boosting domestic shipbuilding expertise and strengthening economic and security ties with Finland and Europe." The Honourable Mélanie Joly, Minister of Industry and Minister responsible for Canada Economic Development for Quebec Regions "The construction of Canada's new polar icebreaker marks a historic step in strengthening our Arctic presence, protecting our oceans and supporting the communities that depend on them. Through the National Shipbuilding Strategy, we're building the next generation of Canadian Coast Guard vessels, and bringing together Canadian innovation and international expertise." The Honourable Joanne Thompson, Minister of Fisheries "The National Shipbuilding Strategy is fostering collaboration to strengthen Canada's Arctic security, equipping the Canadian Coast Guard with new icebreakers and developing a skilled domestic workforce. With construction now underway on the Polar Max icebreaker, the project will progress while developing the skills and expertise of Canadian workers. This international collaboration provides our workers with the opportunity to learn best practices and advanced methods that will strengthen Canada's shipbuilding industry for years to come." The Honourable Stephen Fuhr Secretary of State, Defence Procurement "Davie's leadership in the Polar Max project is a powerful driver of economic growth for Québec. This initiative is creating high value-added jobs, while positioning Québec as a hub in shipbuilding and reflecting the strategic importance we place on the Arctic in the 21st century." Christopher Skeete, Minister for the Economy, Government of Québec. " About Davie Based in Québec, Canada since 1825, Davie is a world-class designer and builder of specialist, mission-critical ships such as icebreakers, ferries and warships for government and commercial customers. Davie became a partner in the Government of Canada's National Shipbuilding Strategy on April 4, 2023. This historic agreement is for the design and construction of the largest and most technologically advanced ice-going ships ever constructed in and for Canada. The initial $8.5 billion package of work includes seven heavy icebreakers and two large hybrid-powered ferries. In November 2023, Davie, part of Group Davie, acquired Finland's Helsinki Shipyard, the world leader in icebreaker design and construction. Find out more at and

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store