Latest news with #JamesBetts
Globe and Mail
15-05-2025
- Business
- Globe and Mail
EverGen Infrastructure Corp. Announces Receipt of TSX Venture Exchange Final Approval of Real Property Sale and Update to Previously Announced Financing
VANCOUVER, British Columbia, May 14, 2025 (GLOBE NEWSWIRE) -- EverGen Infrastructure Corp. (' EverGen ' or the ' Company ') (TSXV: EVGN) is pleased to announced that, further to its press release dated March 17, 2025, the purchase and sale agreement dated March 13, 2025 with an effective date of February 28, 2025 (the ' Agreement ') between 2065947 Alberta Ltd. and James Betts (collectively, the ' Purchasers ') and Fraser Valley Biogas Ltd. (the ' Vendor '), a subsidiary of the Company, has received final approval from the TSX Venture Exchange (the ' TSXV '). The Agreement was entered into in connection with the disposition of certain real property having a municipal address of 2016 Interprovincial Highway, Abbotsford, B.C. V3G 2H8 and legally described as Parcel Identifier: 010-837-906, Lot 79, Section 13, Township 19, New Westminster District Plan 4211 (the ' Property ') by the Vendor to the Purchasers (the ' Transaction ') for a total purchase price of $2,620,000 (the ' Purchase Price '), with $870,000 (the ' Deferred Amount ') to be paid by the Purchasers upon the completion of the sale of a separate property owned by the Purchasers on or prior to December 31, 2025, though the sale is currently anticipated to be completed by the end of May 2025. Notwithstanding the foregoing, the terms of the Transaction provide that certain buildings, structures and equipment situated on the Property and the Company's existing lease agreements are not included in the Purchase Price. In accordance with the terms of the Transaction, the Vendor has leased a portion of the Property from the Purchaser for a term of up to 20 years. The Vendor will pay $186,000 in rent to the Purchasers, calculated on an annual basis, though the amount of rent payable will be reduced to $124,236, calculated on an annual basis, during the time period when the Deferred Amount is outstanding. Additionally, the Purchasers were also assigned a lease between the Vendor and a third-party in respect of a portion of the Property and as a result, certain existing lease payments will now be directed to the Purchasers. As James Bett's is the Chief Operating Officer of the Company, the Transaction involves a Non-Arm's Length Party (as such term is defined under the polices of the TSX Venture Exchange) and constitutes a 'related party transaction' under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (' MI 61-101 '). The Company is relying on the exemption from the valuation requirement pursuant to Section 5.5(b) (Issuer Not Listed on Specified Markets) of MI 61-101 and from the minority shareholder approval requirement prescribed by Section 5.7(1)(a) (Fair Market Value Not More Than 25 Percent of Market Capitalization) of MI 61-101 as of the time of the Agreement in respect of the Transaction. Financing Update Further to the Company's press release dated April 23, 2025, EverGen wishes to provide an update on the previously announced share purchase and reorganization agreement with Ask America, LLC (the ' Share Purchase and Reorganization Agreement ') and the connected private placement of common shares of the Company for total gross proceeds of up to CAD$7,000,000 (the ' Private Placement '). Subject to final TSXV approval, all material conditions precedent that may be satisfied prior to closing of the Agreement have been satisfied, including receipt of the requisite shareholder approvals, and the Company anticipates closing as soon as final TSXV approval is received. About EverGen Infrastructure Corp. EverGen, Canada's Renewable Natural Gas Infrastructure Platform, is combating climate change and helping communities contribute to a sustainable future. Headquartered on the West Coast of Canada, EverGen is an established independent renewable energy producer which acquires, develops, builds, owns and operates a portfolio of Renewable Natural Gas, waste to energy, and related infrastructure projects. EverGen is focused on Canada, with continued growth expected across other regions in North America and beyond. For more information about EverGen Infrastructure Corp. and our projects, please visit Cautionary Statements Regarding Forward Looking Information This news release contains 'forward-looking information' and 'forward-looking statements' (collectively, 'forward-looking statements') within the meaning of 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', and 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 are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, regulatory, competitive, political and social uncertainties; the delay or failure to receive required approvals (including shareholder, board, third party, TSXV and regulatory approvals); the timing of completion of the sale of a separate property owned by the Purchasers in relation to the payment of the Deferred Amount; and the closing of the Share Purchase and Reorganization Agreement and the Private Placement, including the acceptance of the TSXV of the Private Placement. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, EverGen assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law. Neither 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. Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities Laws.
Yahoo
13-03-2025
- General
- Yahoo
Sinclair Teams with The Salvation Army to Raise Awareness About Homelessness
Sinclair is teaming up with The Salvation Army to launch Sinclair Cares: From Homeless to Hope, a nationwide initiative dedicated to raising awareness about homelessness. Sinclair Cares: From Homeless to Hope looks to shed light on the many faces of homelessness and highlight solutions that offer hope and stability. The station group will produce content to air within its newscasts throughout the campaign, which runs from March 17 to March 23. Sinclair stations will air a 30-minute special on March 22 and 23 (airing on stations' websites on March 19) that delves into the realities of homelessness across the country, told through the experiences of individuals and families impacted by housing insecurity. "At Sinclair, we are committed to using our platforms to inform, inspire, and drive meaningful change," said Rob Weisbord, COO and president of local media. "Sinclair Cares: From Homeless to Hope aligns with our mission to spotlight critical issues and connect people with resources. By partnering with The Salvation Army, we hope to make a tangible difference in the lives of those facing hardships and inspire others to take action-whether by lending a hand to someone in need or offering resources to those seeking support." "The Salvation Army is committed to providing lasting solutions for individuals and families in crisis. Through emergency assistance, transitional housing, case management, and holistic wraparound services, we strive to meet immediate needs while empowering people toward long-term stability," said, Colonel James Betts, National Chief Secretary of The Salvation Army. "Our work would not be possible without partners like Sinclair, whose commitment to amplifying the message of urgent need for housing support drives awareness and mobilizes communities to take action. We are grateful for their commitment to sharing stories of hope and impact, inspiring others to join our vital mission-whether through volunteering, donating, or advocating, everyone has a role in ensuring no one faces homelessness alone." The Sinclair Cares: From Homeless to Hope newscast segments and special will also showcase the critical work being done in local communities by The Salvation Army on the front lines – combating homelessness via emergency shelters, transitional housing, and permanent supportive housing for individuals and families in need; financial assistance for families struggling with rent, utilities, and essential living expenses to prevent eviction; and empowerment through education, workforce development programs, and employment opportunities to regain financial independence. Sinclair Cares: From Homeless to Hope will also be supported through public service campaigns across the company's owned and/or operated television stations.
Associated Press
12-03-2025
- Business
- Associated Press
Sinclair Cares: From Homeless to Hope
Sinclair today announced a partnership with The Salvation Army to launch Sinclair Cares: From Homeless to Hope, a nationwide initiative dedicated to raising awareness about homelessness. With financial instability on the rise and many Americans just one paycheck away from crisis, Sinclair Cares: From Homeless to Hope aims to shed light on the many faces of homelessness and highlight solutions that offer hope and stability. As part of the effort, Sinclair will produce content to air within its newscasts throughout the campaign, which runs from March 17- March 23. Sinclair stations will also air a 30-minute special on March 22 and 23 (airing on stations' websites on March 19) that delves into the realities of homelessness across the country, told through the experiences of individuals and families impacted by housing insecurity. The Sinclair Cares: From Homeless to Hope newscast segments and special will also showcase the critical work being done in local communities by The Salvation Army on the front lines - combating homelessness via emergency shelters, transitional housing, and permanent supportive housing for individuals and families in need; financial assistance for families struggling with rent, utilities, and essential living expenses to prevent eviction; and empowerment through education, workforce development programs, and employment opportunities to regain financial independence. Sinclair Cares: From Homeless to Hope will also be supported through public service campaigns across the company's owned and/or operated television stations. 'At Sinclair, we are committed to using our platforms to inform, inspire, and drive meaningful change,' said Rob Weisbord, COO and President of Local Media. ' Sinclair Cares: From Homeless to Hope aligns with our mission to spotlight critical issues and connect people with resources. By partnering with The Salvation Army, we hope to make a tangible difference in the lives of those facing hardships and inspire others to take action—whether by lending a hand to someone in need or offering resources to those seeking support.' 'The Salvation Army is committed to providing lasting solutions for individuals and families in crisis. Through emergency assistance, transitional housing, case management, and holistic wraparound services, we strive to meet immediate needs while empowering people toward long-term stability,' said, Colonel James Betts, National Chief Secretary of The Salvation Army. 'Our work would not be possible without partners like Sinclair, whose commitment to amplifying the message of urgent need for housing support drives awareness and mobilizes communities to take action. We are grateful for their commitment to sharing stories of hope and impact, inspiring others to join our vital mission—whether through volunteering, donating, or advocating, everyone has a role in ensuring no one faces homelessness alone.' For more information on Sinclair Cares: From Homeless to Hope and ways to support the initiative or request assistance, visit About Sinclair Cares: Sinclair Cares utilizes the strength of Sinclair Inc's properties to uplift organizations and inspire audiences and employees to make a positive impact in their communities. A company-wide initiative, Sinclair Cares mobilizes Sinclair's assets to support various community and charitable endeavors through financial assistance, volunteerism and raising awareness of important topics through Sinclair's media platforms. Recent partnerships include Reading is Fundamental, National Diaper Bank Network, NAMI, Feeding America, Disabled American Veterans (DAV), The American Red Cross and The Salvation Army. About Sinclair: Sinclair, Inc. (Nasdaq: SBGI) is a diversified media company and a leading provider of local news and sports. The Company owns, operates and/or provides services to 185 television stations in 86 markets affiliated with all the major broadcast networks; owns Tennis Channel and multicast networks Comet, CHARGE!, TBD/ROAR, and The Nest. Sinclair's content is delivered via multiple platforms, including over-the-air, multi-channel video program distributors, and the nation's largest streaming aggregator of local news content, NewsON. The Company regularly uses its website as a key source of Company information which can be accessed at About The Salvation Army: The Salvation Army helped nearly 27 million people in 2024 overcome poverty, addiction, and economic hardships in nearly every zip code. By providing food, shelter, eviction prevention assistance, emergency disaster relief, rehabilitation, after-school and summer youth programs, spiritual enrichment, and more. The Salvation Army is doing the most good at more than 6,400 centers of operation around the country. For more information, visit #DoingTheMostGood Category: General Sinclair: Jessica Bellucci, SOURCE: Sinclair, Inc. Copyright Business Wire 2025. PUB: 03/12/2025 11:00 AM/DISC: 03/12/2025 11:00 AM
