Latest news with #Letterof
Yahoo
3 days ago
- Business
- Yahoo
Core Assets Announces Effective Date of Share Consolidation and Name Change
VANCOUVER, BC / / May 30, 2025 / Core Assets Corp. ("Core Assets" or the "Company") (CSE:CC)(FSE:5RJ)( is pleased to announce that further to its news release dated May 27, 2025, the Company will proceed with the consolidation of its issued and outstanding common shares (the "Shares") on the basis of one (1) new Share for every ten (10) old Shares (the "Consolidation") and change of its name from "Core Assets Corp." to "Core Silver Corp." (the "Name Change"). The Consolidation and Name Change will become effective on the Canadian Securities Exchange at the opening of market on June 4, 2025. The Company's symbol "CC" will remain the same. The new CUSIP and ISIN of the Company will be 21873Y105 and CA21873Y1051, respectively. Currently, a total of 127,105,689 Shares are issued and outstanding. Accordingly, upon the Consolidation becoming effective, a total of 12,710,565 Shares will be issued and outstanding. No fractional Shares will be issued as a result of the Consolidation. Odyssey Trust Company ("Odyssey") will mail out a Letter of Transmittal to the shareholders of record on June 4, 2025 providing instructions on exchanging pre-Consolidation share certificates for post-Consolidation share certificates. Shareholders are encouraged to send their share certificates, together with their Letter of Transmittal, to Odyssey in accordance with the instructions in the Letter of Transmittal. About Core Assets Corp. Core Assets Corp. is a Canadian mineral exploration company focused on the acquisition and development of mineral projects in British Columbia, Canada. The Company currently holds 100% ownership in the Blue Property, which covers a land area of 114,074 hectares (~1,140 km²). The Property lies within the Atlin Mining District, a well-known gold mining camp located in the unceded territory of the Taku River Tlingit First Nation and the Carcross/Tagish First Nation. The Blue Property hosts a major structural feature known as The Llewellyn Fault Zone ("LFZ"). This structure is approximately 140km in length and runs from the Tally-Ho Shear Zone in the Yukon, south through the Blue Property to the Alaskan Panhandle Juneau Ice Sheet in the United States. Core Assets believes that the south Atlin Lake area and the LFZ has been neglected since the last major exploration campaigns in the 1980's. The LFZ plays an important role in mineralization of near surface metal occurrences across the Blue Property. The past 50 years have seen substantial advancements in the understanding of porphyry, skarn, and carbonate replacement type deposits both globally and in BC's Golden Triangle. The Company has leveraged this information at the Blue Property to tailor an already proven exploration model and believes this could facilitate a major discovery. Core Assets is excited to become one of the Atlin Mining District's premier explorers where its team believes there are substantial opportunities for new discoveries and development in the area. On Behalf of the Board of DirectorsCORE ASSETS CORP."Nicholas Rodway" President & CEOTel: 604.681.1568 Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. FORWARD LOOKING STATEMENTS This news release contains forward-looking statements. All statements, other than statements of historical fact that address activities, events, or developments that the Company believes, expects or anticipates will or may occur in the future, are forward-looking statements. Forward-looking statements in this news release include statements with respect to the Consolidation and Name Change and the anticipated effective date for each, respectively. 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 forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. SOURCE: Core Assets Corp. View the original press release on ACCESS Newswire Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Borneo Post
3 days ago
- Business
- Borneo Post
Selampit Bridge project set for completion by March 2026, says Mas Gading MP
Mordi says physical progress as of December 2024 stood at 1.37 per cent, consisting of preliminary site clearing work. — Photo via Facebook/Mordi Bimol KUCHING (May 30): The long-delayed Selampit Bridge project in Mas Gading is now scheduled for completion by March 3, 2026, said its MP Mordi Bimol. In a Facebook post, the Democratic Action Party (DAP) lawmaker said the contractor, Empayar Setia Sdn Bhd, took possession of the site on Sept 4, 2024, following the issuance of the Letter of Acceptance on Aug 21, 2024. The 18-month construction timeline is expected to culminate in the first quarter of 2026. 'Based on the latest updates, the project has officially begun and is targeted for completion by March 3, 2026,' Mordi said. According to Mordi, physical progress as of December 2024 stood at 1.37 per cent, consisting of preliminary site clearing work. The project, implemented under the Sarawak government's jurisdiction, is spearheaded by the Public Works Department (JKR) Sarawak. He called on JKR Sarawak and the state government to ensure timely execution and to provide transparent updates to the public. 'I urge the Sarawak government and JKR to give a clear and comprehensive explanation to the public on the current status of this project,' he said. 'Any delays or uncertainty not only frustrate the people but may also undermine public confidence in implementing agencies,' he said. The Selampit Bridge project was first approved in 2017 with an estimated cost of RM27.9 million. It was originally scheduled for completion by 2022, but faced repeated delays mainly due to the State Planning Authority (SPA) rejecting the proposed site four times between 2018 and 2021. Final site approval was granted on Sept 27, 2022, after which design works commenced on Oct 6, 2022, and were completed by Oct 2023. Tender documentation was finalised in February 2024. The project was approved under the second rolling plan of the 11th Malaysia Plan (11MP) in 2018, and design work commenced along with efforts to secure additional funding. In 2021, the federal government confirmed its commitment to continue the project under the 12th Malaysia Plan (12MP). In 2022 and 2023, the new site alignment was approved, allowing the project to move forward. Under Budget 2024, RM1.675 million was allocated for the bridge component. In 2024, the project was tendered out, awarded to a contractor, and officially began construction in September. However, a related challenge remains unresolved. Mordi said the new bridge site lacks a connecting access road. A 1.8km road, estimated at RM22 million, will be proposed under the first rolling plan of the 13th Malaysia Plan (13MP) in 2026. To avoid further delays, the bridge and the access road will be implemented separately. Mordi reiterated his commitment to ensuring the project is completed without further disruptions. 'I will continue to monitor, push, and raise the people's concerns at all levels to ensure this project is completed and delivers the long-awaited benefits to the residents,' he said. mas gading Mordi Bimol selampit bridge
Hindustan Times
7 days ago
- Politics
- Hindustan Times
To become a developed nation, we must implement NEP, says Dharmendra Pradhan
Union Education Minister Dharmendra Pradhan attended a significant Letter of Intent (LOI) handover ceremony with the University of Liverpool, marking a milestone in fostering international academic collaborations. Speaking at an event, Union Education Minister Dharmendra Pradhan emphasised India's ambitious educational goals under the National Education Policy (NEP) 2020. Also read: University of Liverpool gets UGC nod to open its first foreign varsity campus in Bengaluru by 2026 Pradhan highlighted the scale of India's education system. He noted that India's Gross Enrolment Ratio (GER) in higher education currently stands at 26-27%, with the NEP aiming to raise it to 50% within the next five years. "Today, the number of students in India is 300 million. Out of that, 40 million are in higher education... We have more than 1200 universities and 50,000 colleges... But GER (Gross Enrolment Ratio) is around 26-27%. The National Education Policy 2020 recommendation is to take it to 50% in the next 5 years," he said. Also read: Rajasthan 8th result 2025 declared, direct link to check marks Also read: JAC 10th result 2025 date and time: Jharkhand Matric results tomorrow at 11:30 am On July 29, 2020, the Union Cabinet of India approved the New National Education Policy to replace the Education Policy of 1986. This policy brings a major positive change in education in India. The main objective of launching the National Education Policy 2022 was to restructure India's education policy. Under this new national education policy, no one will be forced to learn a particular language. Now, students can choose the language according to their interests. This change is being implemented only after considering the various analyses, comments and suggestions of the stakeholders.
Economic Times
21-05-2025
- Business
- Economic Times
IRCON International shares in focus after Rs 254 crore KAVACH contract from South Western Railway
Shares of state-run IRCON International will be in focus on Wednesday after the company announced it has secured a Rs 253.6 crore contract from South Western Railway for the implementation of KAVACH, an indigenous train collision avoidance system. The system will be deployed across 778 route kilometers in the Bengaluru and Mysuru divisions. ADVERTISEMENT The contract includes the survey, design, supply, installation, testing, and commissioning of KAVACH equipment along with associated works. The project is expected to be completed within 18 months from the date of issuance of the Letter of Acceptance (LOA). Also Read: KEC International, PVR INOX among 10 smallcap stocks analysts expect to gain up to 80% IRCON International reported a 3.8% year-on-year (YoY) decline in net profit to Rs 246.8 crore for the fourth quarter ended 31st March, 2024, compared to Rs 256.5 crore in the same period last company's revenue from operations fell 1% to Rs 3,742.7 crore versus Rs 3,780.7 crore in the corresponding period of the preceding fiscal. At the operating level, EBITDA dipped 56.3% to Rs 286.3 crore in the fourth quarter of this fiscal over Rs 183.2 crore in the year-ago EBITDA margin stood at 7.7% in the reporting quarter compared to 4.9% in the fourth quarter of the previous fiscal. ADVERTISEMENT Also Read: Street Favourite! SBI, Tata Motors among 10 large-cap stocks analysts expect to rally up to 32% ADVERTISEMENT According to Trendlyne, the average target price for IRCON International is Rs 147, indicating a downside of 22% from current levels. The stock holds a 'Sell' rating based on recommendations from 3 shares have risen 17% in the past three months but are down 31% over the past 12 months. The company's market capitalisation currently stands at Rs 17,709 crore. ADVERTISEMENT Also Read: Crompton Greaves, Delhivery among 10 mid-cap stocks analysts expect to rally up to 53% (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
New Straits Times
16-05-2025
- Business
- New Straits Times
Tengku Amir Shah envisions more inclusive, forward-thinking Selangor focused on long-term sustainability
SHAH ALAM: Selangor is poised to become a dynamic and modern metropolis, defined not just by world-class amenities and cutting-edge infrastructure but also by a firm commitment to sustainable development. Sharing his vision for the state, Raja Muda of Selangor Tengku Amir Shah Sultan Sharafuddin Idris Shah said Selangor's true strength lies not in its economic figures or rankings, but in the well-being of its people. While Selangor has achieved significant economic success, including being the largest contributor to Malaysia's gross domestic product (GDP), Tengku Amir Shah said real progress is only meaningful if it directly benefits the people in the state. "Progress means little if it leaves our people behind – and in Selangor Darul Ehsan, this Land of Benevolence – it is our responsibility to ensure that growth uplifts all, both within our borders, and beyond. "The true strength of Selangor isn't just in figures or rankings – it's in the well-being of our people. That's what really matters. And in that sense, Shah Alam represents something special. "I envision a Selangor that is more inclusive, forward-thinking, and focused on long-term sustainability. Where everyone has the opportunity to grow, thrive, and prosper." Tengku Amir Shah said the new KSSA is an integral part of that vision, which has taken him seven years to bring to life. "It is more than a stadium. It is a space for everyone – a place where people can come together to be involved in sports, in culture, in the arts, in learning. "It is designed with the people in mind, built for the future, but steeped in the values and traditions we Selangorians hold dear. "This is the ethos of Shah Alam. This is what we are bringing to the future – and to the world," he said. Tengku Amir Shah said this in his speech at the handover ceremony of the Letter of Acceptance for the Kompleks Sukan Shah Alam (KSSA) development between Menteri Besar Selangor Inc (MBI Selangor) and Lembaran Prospek Sdn Bhd (LPSB), a subsidiary of MRCB Land Sdn Bhd and Malaysian Resources Corporation Bhd (MRCB). Also present were Selangor Menteri Besar Datuk Seri Amirudin Shari, Selangor State Secretary Datuk Dr Ahmad Fadzli Ahmad Tajuddin, MBI Selangor group chief executive officer Datuk Saipolyazan M. Yusop, and MRCB group managing director Datuk Imran Salim. Tengku Amir Shah also attributed Selangor's progress to the sound policies and plans rolled out by the state government under Amirudin's leadership. He said Selangor in 2023 emerged as Malaysia's top economic contributor, accounting for 25.9 per cent or RM406.1 billion of the national GDP, which represented a 5.4 per cent increase from the previous year, underscoring Selangor's pivotal role in the nation's economy. "As we look to the future, Selangor is setting its sights even higher. With a target of RM50 billion in investments for 2024, and a longer-term goal of contributing RM500 billion to the national economy within the next three years, we are determined to build not just a stronger Selangor, but a more inclusive and dynamic Malaysia," he said. Tengku Amir Shah said he is committed to working closely with Amirudin to transform Selangor into a state that not only thrives economically, but also leads with purpose, balancing innovation with inclusivity. "We are united by the conviction that true development must improve lives. I am encouraged by the state government's continued efforts to raise the standard of living through accessible healthcare, quality education, affordable housing, and initiatives that empower youth and uplift marginalised communities. "These are values I deeply cherish, and I will continue to give my full support to policies that place the people of Selangor at the heart of progress. "As we move forward, I remain committed to working closely with the Menteri Besar, government agencies, the private sector, and civil society to ensure that our vision is not only realised but sustained, for generations to come."
