Latest news with #Benz
Yahoo
5 days ago
- Business
- Yahoo
Benz Announces Closing Final Tranche of A$13.5M Financing
Vancouver, British Columbia--(Newsfile Corp. - July 24, 2025) - Benz Mining Corp. (TSXV: BZ) (ASX: BNZ) (Benz or the Company) is pleased to advise that, further to its announcements dated April 15, 2025 and April 27, 2025, in relation to the private placement for 33,750,750 new fully paid CHESS Depositary Interests (CDIs) in the Company at an issue price of A$0.40 (C$0.35452) per CDI to raise A$13,500,300 (C$11,965,315.89) (before costs) (Placement), it has successfully completed Tranche 2 of the Placement (Tranche 2 Placement), being the final tranche of the Placement. As previously announced, Tranche 1 of the Placement consisted of 28,722,000 CDIs at a price of A$0.40 per CDI to raise A$11,488,800 (C$10,182,523.44) (before costs) and was completed on April 27, 2025 (Tranche 1 Placement). Each CDI represents one underlying common share in the Company on a one for one basis. All of the securities issued in connection with the Placement are subject to a statutory hold period in Canada of four months and one day from the date of their issuance. Under the Tranche 2 Placement, which received shareholder approval at the special meeting of the Company's shareholders held on June 27, 2025 (AWST), Spartan Resources Limited (Spartan) subscribed for 5,028,750 CDIs at a price of A$0.40 per CDI to raise A$2,011,500 (C$1,782,792.45) (before costs). Accordingly, Spartan has maintained its~14.91% shareholding in the Company. The participation by Spartan in the Placement is a "related party transaction" as defined under Multilateral Instrument 61-101- Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Placement is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of any CDIs issued to or the consideration paid by Spartan exceeds 25% of the Company's market capitalization. As previously announced, net proceeds from the Placement will be primarily used to accelerate exploration activities at Benz's 100% owned Glenburgh Gold Project, including follow-up RC and diamond drilling programs to test high-grade extensions at Zone 126 and other high priority targets, geological modelling, and associated fieldwork, as well as for the commencement of exploration activities at the Egerton Gold Project, including targeting high-grade near-surface mineralisation with RC drilling, mapping, and geochemical surveys to refine future drill programs. Additionally, a portion of the proceeds will also be used to undertake a scoping study at the Eastmain Gold Mine in Quebec and for general working capital purposes. The Placement remains subject to the final approval of the TSX Venture Exchange. As previously announced, Euroz Hartleys Limited acted as Lead Manager and Tamesis Partners LLP acted as Co-Manager to the Placement, and they were paid a commission in relation to the Tranche 1 Placement in the amount of A$689,328 (C$610,952) (plus GST). No finder's fees or commissions will be paid in relation to the Tranche 2 Placement. Australian dollar amounts disclosed above were converted into Canadian dollars using the Bank of Canada's exchange rate posted on April 15, 2025 of A$1 = C$0.8863. This announcement has been approved for release by the Board. For more information please contact:Mark Lynch-StauntonChief Executive OfficerBenz Mining Corp.E: mstaunton@ +61 8 6143 6702 About Benz Mining Corp. Benz Mining Corp. (TSXV: BZ) (ASX: BNZ) is a pure-play gold exploration company dual-listed on the TSX Venture Exchange and Australian Securities Exchange. The Company owns the Eastmain Gold Project in Quebec, and the recently acquired Glenburgh and Mt Egerton Gold Projects in Western Australia. Benz's key point of difference lies in its team's deep geological expertise and the use of advanced geological techniques, particularly in high-metamorphic terrane exploration. The Company aims to rapidly grow its global resource base and solidify its position as a leading gold explorer across two of the world's most prolific gold regions. To view an enhanced version of this graphic, please visit: For more information, please visit: Forward-Looking Statements Statements contained in this news release that are not historical facts are "forward-looking information" or "forward looking statements" (collectively, Forward-Looking Information) as such term is used in applicable Canadian securities laws. Forward-Looking Information includes, but is not limited to, disclosure regarding the use of proceeds from the Placement, planned exploration and related activities on the Eastmain Gold Mine and the Glenburgh and Mt Egerton projects, including the anticipated benefits thereof, and the final approval of the Placement by the TSX Venture Exchange. In certain cases, Forward-Looking Information can be identified by the use of words and phrases or variations of such words and phrases or statements such as "anticipates", "complete", "become", "expects", "next steps", "commitments" and "potential", in relation to certain actions, events or results "could", "may", "will", "would", be achieved. In preparing the Forward-Looking Information in this news release, the Company has applied several material assumptions, including, but not limited to: that the tenements associated with the Glenburgh and Mt Egerton projects that are still pending grant or undergoing the renewal process will be granted and/or renewed, as applicable, in a timely manner and on reasonable terms; all conditions for completion of the Placement, including final approval of the TSX Venture Exchange for the Placement, will be satisfied in a timely manner; the Company will be able to raise additional capital as necessary; the current exploration, development, environmental and other objectives concerning the Company's Projects (including Glenburgh and Mt Egerton) can be achieved; and, the continuity of the price of gold and other metals, economic and political conditions, and operations. Forward-Looking Information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such Forward-Looking Information. Factors that could cause the Forward-Looking Information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions referred to prove not to be valid or reliable, that occurrences such as those referred to above are realized and result in delays, or cessation in planned work, that the Company's financial condition and development plans change, and delays in regulatory approval, as well as the other risks and uncertainties applicable to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at and Accordingly, readers should not place undue reliance on Forward-Looking Information. The Forward-Looking Information in this news release is based on reasonable plans, expectations, and estimates of management as at the date the information is provided, and the Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law. 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 ACCURACY OR ADEQUACY OF THIS RELEASE. To view the source version of this press release, please visit
The Citizen
6 days ago
- Automotive
- The Citizen
Mercedes-Benz changes its mind again: A-Class staying until 2028
Reported back in March as being discontinued next year, a new claim from Germany is that Mercedes-Benz has extended the lifecycle of the current A-Class by another two years to 2028. Change of plan First announced in 2022 as being on the chopping block, the current W177 A-Class, which received its one and only update two years ago, will become the longest-lasting generation yet, based on the latest claims. Supposedly part of Benz's range reduction strategy announced two years ago, in which it aimed to lower complexity by cutting its product portfolio from 33 to 14 models, the A-Class will now seemingly live on alongside the new CLA until before the end of the decade. 'It's not our goal to be a competitor of the volume producers. That's not what the Mercedes-Benz brand stands for. So stay tuned as far as our product portfolio is concerned,' Mercedes-Benz CEO Ola Källenius told Britain's Autocar in 2022 about the same time as the A-Class' pending demise. In a related statement, Mercedes-Benz's chief technology officer Markus Schäfer told Italy's quattoruote: 'We need models that work all over the world, including China and the USA. I know that the hatchback is the favourite in Europe, but it was not part of the plans and we had to make choices, even difficult ones.' Why the U-turn? Largely believed to be replaced by the incoming junior G-Class, called g-Class that will also succeed the B-Class, GLA and GLB, Mercedes-Benz production head Jorg Burzer hinted that ongoing demand had been the reason for the decision to continue with A-Class production for the additional two years. This is according to Automotive News Europe's German outlet, Automobilwoche, in which the executive also confirmed the end of the B-Class by next year as still being on the cards. As such, production will move from Germany to Hungary for the A-Class' final two years, hinting that another series of updates could soon be applied on top of those rolled-out two years ago. Recap Locally, the A-Class range spans six models, two hatches and four sedans, priced from R813 124 for the A200 Progressive, to R991 046 for the A200d AMG Line Sedan. In addition, the current AMG based models including three derivatives range from R1 173 973 for the A35 Sedan, to R1 457 119 for the A45 S hatch. This article first appeared in The Citizen. Breaking news at your fingertips… Follow Caxton Network News on Facebook and join our WhatsApp channel. Nuus wat saakmaak. Volg Caxton Netwerk-nuus op Facebook en sluit aan by ons WhatsApp-kanaal.
The Citizen
23-07-2025
- Automotive
- The Citizen
Mercedes-Benz changes its mind again: A-Class staying till 2028
Three-pointed star's entry-level model will continue in production two years longer than initially planned reportedly as a result of ongoing demand. Mercedes-Benz A-Class has had its its lifecycle prolonged by another two years. Image: Mercedes-Benz Reported back in March as being discontinued next year, a new claim from Germany has alleged that Mercedes-Benz has extended the lifecycle of the current A-Class by another two years to 2028. Change of plan First announced in 2022 as being on the chopping block, the current W177 A-Class, which received its one and only update two years ago, will become the longest lasting generation yet based on the latest claims. Supposedly part of Benz's range reduction strategy announced two years ago, in which it aimed to reduce complexity by cutting its product portfolio from 33 to 14 models, the A-Class will now seemingly live on alongside the new CLA till before the end of the decade. ALSO READ: Mercedes-Benz makes it official: Current A-Class will be the last 'It's not our goal to be a competitor of the volume producers. That's not what the Mercedes-Benz brand stands for. So stay tuned as far as our product portfolio is concerned,' Mercedes-Benz CEO, Ola Källenius, told Britain's Autocar in 2022 about the time as the A-Class' pending demise. In a related statement, Mercedes-Benz's Chief Technology Officer, Markus Schäfer, told Italy's quattoruote, 'we need models that work all over the world, including China and the USA. I know that the hatchback is the favourite in Europe, but it was not part of the plans and we had to make choices, even difficult ones'. Why the U-turn? Largely believed to be replaced by the incoming junior G-Class, called g-Class that will also succeed the B-Class, GLA and GLB, Mercedes-Benz Production Head, Jorg Burzer, hinted that ongoing demand had been the reason for the decision to continue with A-Class production for the additional two years. Current B-Class will still be discontinued next year. Image: Mercedes-Benz This, according to Automotive News Europe's German outlet, Automobilwoche, in which the executive also confirmed the end of the B-Class by next year as still being on the cards. As such, production will move from Germany to Hungary for the A-Class' final two years, hinting that another series of updates could soon be applied on top of those rolled-out two years ago. Recap Locally, the A-Class range spans six models, two hatches and four sedans, priced from R813 124 for the A200 Progressive, to R991 046 for the A200d AMG Line Sedan. In addition, the current AMG based models including an three derivatives from R1 173 973 for the A35 Sedan, to R1 457 119 for the A45 S hatch. ALSO READ: Not so fast: Mercedes-Benz A-Class renewed until 2026
Top Gear
22-07-2025
- Automotive
- Top Gear
Here are nine of the best classic car interiors
Advertisement The most beautiful Benz of all time (fight me) also boasted a classically correct cabin. Big, slender wheel, sensibly situated vents, radio and switches, the clear, watch-like dials – it's still a paragon of ergonomic bliss. High-quality, for high society – cars like this cemented Mercedes' reputation for quality and craftsmanship at a time when the modern-era Audi brand barely existed and the idea of a mass-market Merc hatchback would've seemed preposterous. The Pagoda's probably a tad more timeless than the current A-Class's job lot of widescreens. Advertisement - Page continues below A simpler time. A time before iDrive. A time when BMW basically perfected sporty exec saloon design. It's just so wonderfully gimmick-free. A round steering wheel, dials you could read from the back seat through the wrong end of binoculars, and a dashboard console angled just-so to the driver. Not an ambient-lit heated armrest with integrated wireless tablet charger in sight. Ahh, the Nineties. Meet your heroes: the understated brilliance of the E39 M5 You might like Everything you need, and nothing you don't. Actually, the original Fiat 500 is missing quite a lot you'd need, these days – crash protection, sound and heat insulation, and any security measures whatsoever spring to mind. But just look at it – the idyllic simplicity and honesty of the small car that put Italy on wheels. Advertisement - Page continues below Of course there had to be a bonkers vintage Citroen in here, and what better than the wantonly wacky DS, with its single-spoke steering wheel, spindly gearchange, horizontal speedo and squishy, plush chairs. It's as comfy and idiosyncratic as, ooh, I dunno, a Salvador Dali exhibition in a bouncy castle? No, even comfier. Retro review: the Citroen DS The '59 Bonneville is one of the quintessential jet-age designs of Americana – it's got fins, chrome, loads of little aerospace nods and would turn a pedestrian crash test examiner's hair white at fifty paces these days. Loads of American metal from this era qualifies for ultimate interior design wackiness, but we've gone for the Bonneville because it treads the line between kitsch and caricature so cleverly. A real modern classic. The TT's interior was, fact fans, the work of the splendidly-named Romulus Rost, who also dreamt up the Bentley Continental GT's interior complete with its rotating Toblerone dashboard screen. Clearly not a man who enjoys exposed infotainment buttons, then, as the TT's trademark radio cover proves. From the knobbly air vent surrounds to the spars around the dashboard, the TT was the car that woke the world up to Audi interior design in a big way. Audi TT: Mk1 vs Mk3 It takes a marque as raving-mad as TVR to compromise something as fundamental as where the driver can comfortably hold the steering wheel, just so it can install extra gauges and an air vent underneath the steering wheel centre itself. The rest of the Cerb's interior is a crazy land of bulbous blobs and topsy-turvy leather hillocks. Quite some place to spend time, until the breakdown lorry arrives to get you home. Again. Nine of the best TVRs: a list Advertisement - Page continues below Striped seats. Dimpled gear lever. Austere, dense-looking dashboard. The GTI's template hasn't deviated much – it's one of the all-time hot hatch icons inside and out. Retro review: the Mk1 Volkswagen Golf GTI As the GT's from 2003, it doesn't seem old enough to be a classic. And yet, because it's so heavily inspired by the GT40 of the mid-Sixties, it certainly qualifies. This is one of the all-time great retro updates of a cabin – it's all so faithful to the original, from the dial layout to the holey seats, and yet it's very elegantly updated with tasteful switchgear. A true concept car made real, in fact. Advertisement - Page continues below
Yahoo
21-07-2025
- Automotive
- Yahoo
Mercedes' Vision for On-Road Meetings
Mercedes' Vision for On-Road Meetings originally appeared on Autoblog. Mercedes [literally] means business If any normal layman were to think about the typical Mercedes-Benz driver, you'd probably picture an on-the-go, deal-making entrepreneur or businessperson. You know the type, someone whose day consists of nothing but constant meetings and calls while navigating between airport terminals, office buildings in the city and the suburbs, and onsite client visits and dinners. Although Mercedes sells its cars to all types of people of various stripes, it is leaning even harder into that ideal image more than ever. Starting with its brand-new CLA, it offers a mobile workspace designed to keep you productive behind the wheel, even if your email signature says you are on the move. That Teams meeting can be taken while driving Thanks to a new collaboration with Microsoft, Mercedes models will get a tech upgrade that turns the driver's seat into a mobile office chair, starting with the upcoming CLA. The highlight of the new in-car tech suite is an updated version of Microsoft Teams called Enhanced Meetings for Teams, which will let you join video calls while driving. The car's built-in camera lets other meeting participants see you in real time, so you can dial in and check in with your team without pulling over to open up your laptop. Though this might seem like a dangerous opportunity waiting to happen, the moment someone shares their screen to show a PowerPoint presentation, Mercedes says it's keeping drivers safe while in meetings on the go. When the camera is on, the car's display automatically disables shared content like slides or spreadsheets, so you won't have to take your eyes off the road. Additionally, if you're not in the mood to be on camera or if you do not want to show your teammates that you're behind the wheel of your Benz, you have the option to turn it off. The new Teams app also makes managing your workday from the car surprisingly easy. A feature called 'Next Meetings' shows your upcoming appointments, while quick-access contacts and an expanded chat function help you keep up with your team. Everything is voice-controlled, so you can write messages or jump into meetings without ever touching your phone or laptop. The CLA's in-car office features don't stop at Microsoft Teams. Mercedes is also integrating Microsoft Intune, a platform that allows secure access to business apps while keeping your personal data separate. This means you can log into your company accounts from the car, while your IT team handles security behind the scenes, just like they would with your work phone or laptop. However, what adds the cherry on top is the inclusion of Microsoft 365 Copilot, Microsoft's in-house generative AI assistant, which can be used to summarize your emails, find client details, or help you prep for meetings. Though the GPT-4-based AI assistant is traditionally controlled similarly to ChatGPT or Grok with message prompts, Benz drivers can control Copilot in the car with simple voice commands and prompts. Mercedes says that by working with Microsoft, cars like the CLA can effectively be turned into a 'third workspace' alongside the office and home office. 'Through our industry-leading collaboration with Microsoft, we are making it even easier for our customers to stay productive while on the move,' said Ola Källenius, Chairman of the Board of Management at Mercedes-Benz Group AG. 'By integrating the latest Microsoft workspace tools directly into our new operating system, we've created an intuitive and safe user experience that boosts efficiency and reduces distractions at the same time.' Final thoughts These new features will roll out in the CLA when it goes on sale and will require the selection of the Entertainment Package Plus and a data plan, though availability will depend on the market. As someone with experience being on both the receiving end and taking phone and video calls on the move, it seems fairly natural at this point that we move on from offering just 5G-powered Wi-Fi connectivity and begin to integrate actual apps into the infotainment systems of our cars. Personally, I wouldn't use this in my day-to-day work activities; however, as someone who lives in the same area as some big-money Wall Street types, I expect to see some blue-shirted broker or analyst in their Benz close a deal or "provide some color" to someone while sitting in bumper-to-bumper traffic in the near future. Mercedes' Vision for On-Road Meetings first appeared on Autoblog on Jul 16, 2025 This story was originally reported by Autoblog on Jul 16, 2025, where it first appeared.
