Latest news with #LBB
Yahoo
7 days ago
- Business
- Yahoo
Wichita Falls house calls business to close after 9 years of service
WICHITA FALLS (KFDX/KJTL) — A local home-based medical care center is closing its doors in Wichita Falls after 9 years of service to the community. The Little Black Bag House Calls made a Facebook post sharing the news. Due to rising costs across the country, LBB stated that they cannot continue their services without significantly increasing their prices, something they will not do, as they care deeply about this community. LBB's last day of seeing patients will be Friday, June 13. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
26-05-2025
- Business
- Yahoo
James Anderson Provides Update on Holdings of MyndTec Inc.
Detroit, Michigan--(Newsfile Corp. - May 26, 2025) - James Anderson (the "Investor") announces update to his ownership of common shares in the capital of MyndTec Inc. (the "Issuer") (the "Common Shares") and common share purchase warrants of the Issuer (the "Warrants"). On May 22, 2025, the Issuer completed the second tranche (the "Second Tranche") of a private placement of units ("Units") announced on January 30, 2025. 697,023 Units were issued pursuant to the Second Tranche at a price of $0.20 per Unit. Each Unit is comprised of one Common Share and One Half (1/2) Warrant (each a "May 2025 Placement Warrant"). Each whole May 2025 Placement Warrant is exercisable to acquire one Common Share (each a "Warrant Share") at an exercise price of $0.24 per Warrant Share for a period of 36 months following the closing date. The Investor acquired 697,023 Units pursuant to the Second Tranche. Prior to the completion of the Second Tranche, the Investor owned directly, and indirectly through Life Beyond Barriers, LLC ("LBB"), 7,995,159 Common Shares and 3,496,849 Warrants, representing approximately 38.66% of the outstanding Common Shares on a partially diluted basis. Following the completion of the Second Tranche and as of the date hereof, the Investor owns directly, and indirectly through LBB, 8,692,182 Common Shares and 3,845,360 Warrants, representing approximately 40.75% of the outstanding Common Shares on a partially diluted basis. The transaction was made in the ordinary course of business, for investment purposes only and not for the purpose of exercising control or direction over the Issuer. The Investor may from time to time acquire additional common shares or warrants, dispose of some or all of the existing or additional common shares or warrants or may continue to hold the common shares or warrants. This press release is issued pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with the filing of an early warning report under applicable securities laws, a copy of which is available under the SEDAR+ profile of the Issuer at and may be obtained upon request from James Anderson at 1-888-363-0581. NOT 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
The Star
10-05-2025
- Business
- The Star
Laos sets sights on becoming Asia's gold trading powerhouse
VIENTIANE (Laotian Times): Laos has set a big goal: to become the main centre for buying, selling, and processing gold in Asia within the next five years. At a high-profile meeting on 02 May, the Lao Bullion Bank (LBB) presented its ambitious strategy to position the country as a regional leader in precious metals. At the gathering, Chanthone Sitthixay, Chief Executive Officer of LBB, outlined the bank's vision to establish economic and financial stability by transforming Laos into a gold trading hub and a frontrunner in precious metal refining across Asia by 2030. Laos stands as one of South-East Asia's most gold-rich nations, currently ranking third in gold production among Asean countries and sixth across Asia. Initial surveys have revealed an extraordinary potential, between 500 to 1,000 metric tons of untapped gold reserves scattered throughout the country. Once confirmed and certified by international geological and mining standards, these reserves could translate into national gold stockpiles valued at an estimated US$50 to US$76 billion. This would provide Laos with a substantial strategic reserve, boosting the country's financial security and capacity for economic growth. Since its launch in December 2024, Lao Bullion Bank has advanced its mission by supporting sustainable economic development through gold-based financial services, including gold deposit accounts, gold-backed loans, and gold deposit certificates that can be used as collateral. - Laotian Times
Arabian Post
08-05-2025
- Business
- Arabian Post
Laos Charts Bold Course to Lead Asia's Gold Trade
Laos has unveiled an ambitious plan to transform itself into a central hub for gold trading and refining in Asia by 2030, spearheaded by the Lao Bullion Bank . This initiative aims to bolster the nation's financial stability and elevate its standing in the global precious metals market. At a strategic meeting held on 2 May, LBB's Chief Executive Officer, Chanthone Sitthixay, detailed the bank's vision to establish Laos as a leader in the precious metals sector. The plan encompasses the development of comprehensive gold trading platforms, refining capabilities, and secure storage solutions, aligning with international standards to attract both regional and global investors. The Lao Bullion Bank, officially launched in December 2024, represents a significant step in the country's economic strategy. The bank's establishment is a collaborative effort between the Lao government and PTL Holding, with the government holding a 25% stake and PTL Holding owning the remaining 75%. This partnership underscores a commitment to enhancing the nation's gold reserves and stabilising the local currency, the Kip. Since its inception, LBB has introduced various services, including gold deposit accounts, loans backed by gold collateral, and gold vending machines. These offerings aim to integrate gold more deeply into the financial system, providing citizens with alternative investment options and contributing to economic resilience. To strengthen its position in the regional market, LBB has entered into strategic partnerships with key industry players. In October 2024, the bank signed a Memorandum of Understanding with the Singapore Bullion Market Association , focusing on knowledge exchange and regulatory collaboration to enhance Laos's bullion market infrastructure. Additionally, a partnership with StoneX APAC was established to leverage technological expertise and develop new financial products tailored to the precious metals sector. In March 2025, LBB further expanded its network by partnering with Samlane Jewelry, a prominent local gold retailer. This collaboration aims to standardise gold trading practices within the country and facilitate smoother transactions for investors and consumers. As part of this initiative, a promotional campaign was launched, offering incentives to customers who deposit gold with the bank, thereby encouraging public participation in the formal gold market. The bank's efforts are also directed towards refining unmined gold ores, transforming them into valuable assets that can contribute to the national budget and reserves. By doing so, Laos seeks to maximise the value derived from its natural resources, ensuring sustainable economic growth and financial independence. LBB's establishment and its subsequent initiatives reflect a broader governmental strategy to integrate Laos more fully into the global financial system. By positioning itself as a central player in the precious metals market, Laos aims to attract foreign investment, enhance its economic stability, and offer its citizens diversified financial services.
CBS News
03-04-2025
- Politics
- CBS News
Elon Musk's name comes up in debate over school choice bill before it advances to full Texas House
A bill that would spend $1 billion in tax dollars to send students to private schools in Texas is headed to the full House. On Thursday afternoon, the House Public Education Committee voted out the school choice measure, 9-6 along party lines . No word yet on how quickly the full House will debate the legislation. Much of the debate on school choice centers around which students are eligible to receive public money and how much. Under the House bill voted out of committee many students accepted into the program will receive $10,000 per year to attend an accredited private school. Students with disabilities will receive more than that, perhaps up to $30,000 based on their needs. Home-schooled students would get $2,000. The program will be capped at $1 billion during the first year, which is the 2026-27 school year. Forecasts by the Legislative Budget Board (LBB) show by 2030, the cost to taxpayers per year could climb to around $4 billion. But in response to a question by CBS News Texas during a news conference last week, Gov. Greg Abbott said that the LBB's estimates are "based on fiction" and that the legislature will determine the program's budget in future years. Republicans said, under their bill, low-income students and those with disabilities are prioritized. However, it is a universal program, meaning any student is eligible. State Talarico, D-Austin, said that includes billionaire Elon Musk's children. "I know Elon Musk is a somewhat humorous example, but wealthy parents, whether the richest man in the world or just a family making over $500,000 a year, they have access to this program," said Talarico. "But it is not limited to the family you just mentioned." But State Rep. Brad Buckley, R-Salado, who is Chairman of the Public Education Committee, rejected Talarico's argument. "I don't know the circumstances of every family," said Buckley. "I don't know their tax returns and I don't know the particular challenges a child is having. But what I do know is that when you put choice in the hands of the parents, they'll make the right call and I think the circumstance in which they make that will look different from family to family." Other Democratic lawmakers criticized the school choice bill saying it would lead to unaccredited private schools. "This voucher bill will eventually destroy public schools," Rep. Alma Allen, D-Houston said. "I give it 10 years, five sessions from now. Once you open the box, many of these will pop up, and will eventually destroy our public schools." "The bill requires the schools to be accredited and that's a process and it's in the bill," Buckley responded. "There will not be any pop-up schools." Rep. James Frank, R-Wichita Falls disagreed with Allen. "The studies all show public school improvement, academic performance improves," said Frank. "The idea that things are going to completely fall apart, I understand people don't like the bill, but the idea this will destroy public schools is to me fear-mongering." When the debate on this bill makes it to the House floor, Democrats will try to kill it. Abbott and Speaker Dustin Burrows remain confident they've got more than the 76 votes needed to pass the school choice bill in the House. The Public Education Committee also passed the school funding bill by a margin of 13-2. It will include nearly $8 billion in new money. It will raise the basic allotment for school districts, which has been $6,160 since 2019 by $395. That is more than the $220 increase proposed in the original bill. Forty percent of that basic allotment will go toward pay raises for teachers and other staff. The bill will automatically raise the basic allotment in future years. Watching the debate Thursday afternoon became an issue because the House committee chose not to livestream the meeting as is normally the case. CBS News Texas livestreamed the meeting. Watch it in its entirety below: Watch Eye On Politics at 7:30 Sunday morning on CBS News Texas on air and streaming
