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Yahoo
15-05-2025
- Business
- Yahoo
CAPREIT Renews At-The-Market Equity Program
TORONTO, May 15, 2025 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust ('CAPREIT') (TSX: announced today that it has renewed its at-the-market equity program (the 'ATM Program') allowing CAPREIT to issue units of CAPREIT ('Trust Units') up to an aggregate sale price of $300 million from treasury to the public from time to time, at its sole discretion. Any Trust Units sold in the ATM Program will be sold directly through the Toronto Stock Exchange (the 'TSX') or on any other permitted marketplace at the prevailing market price at the time of sale. The ATM Program provides CAPREIT with additional financing flexibility, should it be required in the future. The volume and timing of distributions under the ATM Program, if any, will be determined at CAPREIT's sole discretion. CAPREIT intends to use the net proceeds from the ATM Program, if any, for future investments, repayment of indebtedness, and for general business purposes. As Trust Units sold in the ATM Program will be distributed at the prevailing market price at the time of sale, prices may vary among purchasers during the period of distribution. There is no certainty that any Trust Units will be offered or sold under the ATM Program. Distributions of the Trust Units through the ATM Program, if any, will be made pursuant to the terms of an equity distribution agreement dated May 15, 2025 (the 'Equity Distribution Agreement') with TD Securities Inc. (the 'Agent'). The ATM Program will be effective until June 15, 2027, unless terminated prior to such date by CAPREIT or otherwise in accordance with the terms of the Equity Distribution Agreement. The ATM Program is being established pursuant to a prospectus supplement dated May 15, 2025 (the 'Prospectus Supplement') to CAPREIT's short form base shelf prospectus (the 'Shelf Prospectus') dated May 15, 2025, both of which have been filed with securities regulatory authorities in each of the provinces of Canada. CAPREIT's previous at-the-market equity program, which commenced on February 22, 2024, ceased upon the establishment of the renewed ATM Program. The Prospectus Supplement, the Shelf Prospectus and the Equity Distribution Agreement are available on SEDAR+ at under CAPREIT's profile. This press release does not constitute an offer to sell securities, nor is it a solicitation of an offer to buy securities, in any jurisdiction in which such offer, solicitation or sale is unlawful. This press release is not an offer of securities for sale in the United States ('U.S.'). The securities being offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and accordingly are not being offered for sale and may not be offered, sold or delivered, directly or indirectly within the U.S., its possessions and other areas subject to its jurisdiction or to, or for the account or for the benefit of a U.S. person, except pursuant to an exemption from the registration requirements of that Act. ABOUT CAPREITCAPREIT is Canada's largest publicly traded provider of quality rental housing. As at March 31, 2025, CAPREIT owns approximately 46,800 residential apartment suites and townhomes, that are well-located across Canada and the Netherlands, with a total fair value of approximately $14.9 billion, excluding approximately $12.5 million of assets held for sale. For more information about CAPREIT, its business and its investment highlights, please visit our website at and our public disclosures which can be found under our profile at CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTSCertain statements contained in this press release constitute forward-looking statements within the meaning of applicable Canadian securities laws which reflect CAPREIT's current expectations and projections about future results. Forward-looking statements generally can be identified by the use of forward-looking terminology such as 'outlook', 'objective', 'may', 'will', 'expect', 'intent', 'estimate', 'anticipate', 'believe', 'consider', 'should', 'plans', 'predict', 'estimate', 'forward', 'potential', 'could', 'likely', 'approximately', 'scheduled', 'forecast', 'variation' or 'continue', or similar expressions suggesting future outcomes or events, and which include, without limitation, the aggregate value of Trust Units which may be issued pursuant to the ATM Program and CAPREIT's expected use of the net proceeds of the ATM Program, if any. The forward-looking statements made in this press release relate only to events or information as of the date on which the statements are made in this press release. Actual results and developments may differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this press release. Any number of factors could cause actual results to differ materially from these forward-looking statements. Although CAPREIT believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statements will prove to be correct. Such forward-looking statements are based on a number of assumptions that may prove to be incorrect. Accordingly, readers should not place undue reliance on forward-looking statements. Forward looking statements in this press release are subject to certain risks and uncertainties that could result in actual results differing materially from these forward-looking statements. These risks and uncertainties are more fully described in regulatory filings that can be obtained on SEDAR+ at Except as specifically required by applicable Canadian securities law, CAPREIT does not undertake any obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. These forward-looking statements should not be relied upon as representing CAPREIT's views as of any date subsequent to the date of this press release. For more information, please contact: CAPREITMr. Mark KenneyPresident and Chief Executive Officer(416) 861-9404 CAPREITMr. Stephen CoChief Financial Officer(416) 306-3009 CAPREITMr. Julian SchonfeldtChief Investment Officer(647) 535-2544 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
Associated Press
15-05-2025
- Business
- Associated Press
HIVE Digital (NASDAQ: HIVE) Says Latest Milestone Puts It Among Fastest-Growing Bitcoin Miners, Expects To Be Among Largest This Year
By Meg Flippin, Benzinga DETROIT, MICHIGAN - May 15, 2025 ( NEWMEDIAWIRE ) - HIVE Digital Ltd. (NASDAQ: HIVE), the data center infrastructure company with a focus on sustainability, achieved a new milestone at its Yguazù facility in Paraguay, surpassing 7 Exahash per second or EH/s of global mining hashrate. This marks a 10% month-over-month increase of its peak hashrate and comes on the heels of the company completing the buildout of a 100 megawatt air-cooled data center at its Paraguay facility, which it acquired from Bitfarms last year. With new ASIC miners continuing to come online, the San Antonio, Texas-based bitcoin miner expects to grow by an additional 1 EH/s every two weeks. At that growth rate, HIVE says it is among the world's fastest-growing Bitcoin miners. The company's new 100 MW hydro-powered facility, coupled with the infrastructure it acquired from Bitfarms, has enabled HIVE to add about 1 EH/s of additional capacity each month and HIVE expects that to increase to 1 EH/s every two weeks as new hardware arrives. As a result, the company says it's still on track to reach its Phase 1 target of 11.5 EH/s by the end of June. Investors Take Notice Investors have taken notice of HIVE's recent growth initiatives, with the stock trending upward since late April. Notably, HIVE is pursuing expansion without relying on debt, a strategy that resonates well with many investors seeking financially disciplined companies. The industry is littered with bitcoin miners that collapsed under the weight of excessive debt when market conditions turned against them. HIVE uses proceeds from its Bitcoin mining to fund its expansion, as well as from an October 2024 Equity Distribution Agreement, which resulted in gross proceeds of $67.4 million. The company says it's fueling its entire growth with green energy, a key advantage for ESG-conscious investors, especially considering the high energy demands of Bitcoin mining. 'We're excited by the traction we're gaining after acquiring Bitfarms' assets and launching our own site in Paraguay. This expansion provides HIVE with a strategic advantage to scale production using clean hydroelectric power,' says Frank Holmes, Co-Founder and Executive Chairman of HIVE. 'With the Bitcoin price back above $100,000 as of this news release, we expect to reach six Bitcoin per day by the end of June, nearly doubling April's average daily production.' For April, HIVE reported it produced 102 Bitcoin, averaging 3.4 BTC per day or 15.8 BTC per Exahash. For the month, HIVE achieved an average hashrate of 6.5 EH/s and fleet efficiency of 20.7 joules per terahash. The miner's peak hashrate during April reached 6.6 EH/s. Bitcoin Surges Amid Hopes Of Tariff Relief Last week, Bitcoin exceeded $100,000 for the first time since the early days of February on news of the U.K. and the U.S. reaching a deal over tariffs, revitalizing hopes that the Trump Administration will ink more trade deals that will limit the impact of tariffs. Bitcoin and stocks have been under pressure ever since Trump announced sweeping tariffs in early April, as spooked investors worried about the economy re-assessed their portfolios. But with progress appearing to be underway with trade deals, Bitcoin reversed course last week and entered $100K+ territory again. Nonetheless, HIVE says it is remaining vigilant, as global supply chain challenges and trade tensions over tariffs could introduce potential disruptions. It's why the company said it's focused on streamlining operations and keeping costs at bay. 'Our disciplined capital allocation, including the redeployment of 30 MW of BUZZ Miners, has already saved us $27 million in capex, accelerating our near-term growth,' says Holmes. The initial 100 MW buildout at the Yguazú site uses a mix of proprietary BUZZ Miners and the latest Bitmain S21+ air-cooled units. By the end of May, HIVE expected the site to have over 20,000 machines mining for Bitcoin. More Expansion Underway But HIVE isn't stopping there. The company also announced the second phase of expansion – its second 100 MW facility in Paraguay – is underway. Shipments of more than 13,400 Bitmain S21+ Hydro ASIC miners and the Bitmain Hydro AntSpace containers are expected to begin arriving in early June. Those machines alone will add 4.3 EH/s to the company's global footprint. HIVE said the Phase 2 expansion will add an additional 6.5 Exahash of Bitmain S21+ Hydro ASICs, bringing its total hashrate to 18 EH/s by the end of summer. Looking ahead to the remainder of the year, HIVE's Chief Operating Officer Luke Rossy said the company is preparing its Valenzuela site for an additional 100 MW of air-cooled containers. Deployment is expected to ramp up between August and November, positioning HIVE to surpass 25 EH/Hs globally and establishing the company 'among the largest Bitcoin miners in the world.' While Bitcoin has faced a downturn in recent months, last week's price surge signals it's far from out. HIVE sees the opportunity and is doubling down, scaling its operations to mine Bitcoin at an accelerated pace. With Phase 2 of the buildout of its Yguazù facility in Paraguay underway and even more expansion coming online this summer, HIVE is making a concerted effort to scale strategically as it aims to become one of the world's largest Bitcoin miners. Featured image byDmytro DemidkoonUnsplash. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. This content was originallypublished on further disclosureshere. View the original release on
Cision Canada
28-04-2025
- Business
- Cision Canada
VIZSLA SILVER PROVIDES UPDATE ON AT-THE-MARKET EQUITY PROGRAM
VANCOUVER, BC, April 28, 2025 /CNW/ - Vizsla Silver Corp. (TSX: VZLA) (NYSE: VZLA) (Frankfurt: 0G3) (" Vizsla Silver" or the " Company") announced today that it has updated its previously-announced at-the-market equity program (the " ATM Program") to offer and sell up to US$200 million of common shares of the Company (" Common Shares") to the public, from time to time, through the Agents (as defined below). " Vizsla Silver remains well-positioned to advance Panuco towards development", commented Michael Konnert, President and CEO. " The updated at-the-market equity plan simply provides additional optionality to add to a strong balance sheet, as we continue to de-risk the Panuco Project and deliver on development milestones." Sales of Common Shares, if any, will be made pursuant to the terms of an equity distribution agreement dated April 28, 2025 (the " Equity Distribution Agreement") among the Company and Canaccord Genuity and CIBC Capital Markets, as lead agents, and National Bank Financial and BMO Capital Markets (collectively, the " Agents"), on the Toronto Stock Exchange and the NYSE American, and/or any other marketplace for the Common Shares in Canada or the United States or as otherwise agreed between the Agents and the Company. The sales of Common Shares under the ATM Program, if any, will be determined in the Company's sole discretion, and at the market price prevailing at the time of each sale. The offering of Common Shares under the ATM Program is being made pursuant to a prospectus supplement dated April 28, 2025 (the " Prospectus Supplement") to the Company's final short form base shelf prospectus filed in all provinces and territories of Canada dated April 25, 2025 (the " Base Shelf Prospectus"), and pursuant to a prospectus supplement dated April 28, 2025 (the " U.S. Prospectus Supplement") to the Company's U.S. base prospectus (the " U.S. Base Prospectus") included in its registration statement on Form F-10 (the " Registration Statement") (File No. 333-286322) filed with the United States Securities and Exchange Commission on April 25, 2025 (collectively, the Prospectus Supplement, Base Shelf Prospectus, U.S. Prospectus Supplement, the U.S. Base Prospectus and Registration Statement, the " Offering Documents"). The Company intends to use the net proceeds from the ATM Program, if any, to fund ongoing work programs to advance the Panuco Project, for working capital and for general corporate purposes. The ATM Program will be effective until the earlier of the date on which (i) the issuance and sale of all of the Common Shares issuable pursuant to the ATM Program have been completed, and (ii) the receipt issued for the Base Shelf Prospectus ceases to be effective, unless earlier terminated prior to such date by the Company or the Agents in accordance with the terms of the Equity Distribution Agreement. Concurrent with entering into the Equity Distribution Agreement, the Company's previously announced at-the-market equity distribution agreement dated September 13, 2024 was terminated. The Prospectus Supplement, the Base Shelf Prospectus and the Equity Distribution Agreement are available at and the U.S. Prospectus Supplement, the U.S. Base Prospectus and the Registration Statement are available at Alternatively, the Agents will send copies of the Prospectus Supplement and the Base Shelf Prospectus or the U.S. Prospectus Supplement and the U.S. Base Prospectus, as applicable, upon request by contacting: Canaccord Genuity Corp., Suite 2100, 40 Temperance Street, Toronto, Ontario M5H 0B4 or by email at [email protected]. Potential investors should read the Offering Documents before making an investment decision. Such documents contain important information about the ATM Program. No securities regulatory authority has either approved or disapproved of the contents of this press release. This press release is for information purposes only and does not constitute an offer to sell or the solicitation of an offer to buy the Common Shares, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Vizsla Silver Vizsla Silver is a Canadian mineral exploration and development company headquartered in Vancouver, BC, focused on advancing its flagship, 100%-owned Panuco silver-gold project located in Sinaloa, Mexico. The Company recently completed a Preliminary Economic Study for Panuco in July 2024 which highlights 15.2 Moz AgEq of annual production over an initial 10.6-year mine life, an after-tax NPV5% of US$1.1B, 86% IRR and a 9-month payback at US$26/oz Ag and US$1,975/oz Au. Vizsla Silver aims to become the world's leading silver company by implementing a dual track development approach at Panuco, advancing mine development, while continuing district scale exploration through low-cost means. SPECIAL NOTE REGARDING FORWARD LOOKING STATEMENTS This news release includes certain "Forward–Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward–looking information" under applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan", "forecast", "may", "would", "could", "schedule" and similar words or expressions, identify forward–looking statements or information. These forward–looking statements or information relate to, among other things: the issuance, sale and distribution of Common Shares pursuant to the ATM Program, including the price, volume and timing of any distributions; the intended use of net proceeds from the ATM Program, if any; and other statements that are not historical facts. Forward–looking statements and forward–looking information relating to any future mineral production, liquidity, enhanced value and capital markets profile of Vizsla Silver, future growth potential for Vizsla Silver and its business, and future exploration plans are based on management's reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of silver, gold, and other metals; costs of exploration and development; the estimated costs of development of exploration projects; Vizsla Silver's ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms. These statements reflect Vizsla Silver's respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward–looking statements or forward-looking information and Vizsla Silver has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the Company's dependence on one mineral project; precious metals price volatility; risks associated with the conduct of the Company's mining activities in Mexico; the Company's ability to restart field work in a timely manner; regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside contractors; risks regarding mineral resources and reserves; the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company's interactions with surrounding communities and artisanal miners; the Company's ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption "Risk Factors" in Vizsla Silver's management discussion and analysis. Readers are cautioned against attributing undue certainty to forward–looking statements or forward-looking information. Although Vizsla Silver has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. Vizsla Silver does not intend, and does not assume any obligation, to update these forward–looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.
