Latest news with #MI
Cision Canada
2 days ago
- Business
- Cision Canada
Petro-Victory Energy Corp. Announces Corporate Update
DALLAS, July 21, 2025 /CNW/ - Petro-Victory Energy Corp. (TSXV: VRY) (" Petro-Victory" or " Company") announces that it has borrowed an aggregate of US$475,000 (the " Loans") and issued unsecured promissory notes to Thomas Cooper, a director of the Company, and to an arm's length third party (collectively, the " Lenders"). The Loans have a term of one year and bear interest at an annual rate of 14% per annum. The Lenders will be issued an aggregate of 1,062,123 bonus warrants (the " Warrants") in connection with the Loans, with 502,451 Warrants being exercisable at CAD$0.61 per common share on or before July 1, 2026 and with 559,672 Warrants being exercisable at CAD$0.61 per common share on or before July 7, 2026. The Company also announces that it has entered into an unsecured promissory note with a private company lender formed by Thomas Cooper and other arm's length third parties for a loan of up to US$3,000,000 to be drawn from time to time in multiple advances (the " Line of Credit"). The Line of Credit has a term of one year and bears interest at an annual rate of 14% per annum. The lender will be issued up to 6,747,541 Warrants in connection with the Line of Credit, with 2.25 Warrants to be granted for each US$1 of the principal amount advanced under the Line Credit. The Warrants will be exercisable at CAD$0.61 per common share on or before July 21, 2026. The Loans, the Line of Credit and the issuance of Warrants remain subject to TSX Venture Exchange (" TSXV") final acceptance. The Loan from Thomas Cooper in the aggregate amount of US$225,000 and the issuance of 502,451 Warrants in connection therewith and the Line of Credit and the issuance of the Warrants in connection therewith each constituted a "related party transaction" under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") as Mr. Cooper is a related party (as defined in MI 61-101) of the Company. The Company relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party matters, as the Company is listed on the TSXV and neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for the transaction, insofar as it involves the related parties, exceeded 25% of the Company's market capitalization (as determined under MI 61-101). About Petro-Victory Energy Corp. Petro-Victory Energy Corp. is an oil and gas company engaged in the acquisition, development, and production of crude oil and natural gas in Brazil. The total portfolio under management as of the date of this filing includes 49 concession contracts with 276,755 acres, net to Petro-Victory, plus an additional 6 concessions and 19,074 acres owned jointly with BlueOak in Capixaba Energia. Through disciplined investments in high-impact, low-risk assets, Petro-Victory is focused on delivering sustainable shareholder value. The Company's common shares trade on the TSX Venture Exchange under the ticker symbol VRY. Cautionary Note Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States unless an exemption from such registration is available. Advisory Regarding Forward-Looking Statements In the interest of providing Petro-Victory's shareholders and potential investors with information regarding Petro-Victory's future plans and operations, certain statements in this press release are "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward-looking information" within the meaning of applicable Canadian securities legislation (collectively, " forward-looking statements"). In some cases, forward-looking statements can be identified by terminology such as "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "objective," "ongoing," "outlook," "potential," "project," "plan," "should," "target," "would," "will" or similar words suggesting future outcomes, events or performance. The forward-looking statements contained in this press release speak only as of the date thereof and are expressly qualified by this cautionary statement. Specifically, this press release contains forward-looking statements relating to, but not limited to, TSXV approval for the Loans, Line of Credit and Warrants. These forward-looking statements are based on certain key assumptions regarding, among other things, the receipt of TSXV approval for the Loans, the Line of Credit and Warrants. Readers are cautioned that such assumptions, although considered reasonable by Petro-Victory at the time of preparation, may prove to be incorrect. Actual results achieved will vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The above summary of assumptions and risks related to forward-looking statements in this press release has been provided in order to provide shareholders and potential investors with a more complete perspective on Petro-Victory's current and future operations and such information may not be appropriate for other purposes. There is no representation by Petro-Victory that actual results achieved will be the same in whole or in part as those referenced in the forward-looking statements and Petro-Victory does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law.
Cision Canada
2 days ago
- Business
- Cision Canada
APPLIED GRAPHITE ANNOUNCES CLOSING OF FIRST TRANCHE OF FINANCING
VANCOUVER, BC, July 21, 2025 /CNW/ - Applied Graphite Technologies Corporation (" AGT"), (TSXV: AGT) announces that it has completed the first tranche of a non-brokered private placement offering (the " Offering") of 7,733,334 common shares (" Common Shares") at a price of Cdn$0.06 per share for gross proceeds of approximately Cdn$464,000. Existing insiders of AGT participated in the Offering. Participation by insiders of AGT in the Offering constituted a related-party transaction as defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (" MI 61-101"). The issuance of securities is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 on the basis that the fair market value of the insiders' participation in the Offering, as determined in accordance with MI 61-101, did not exceed 25% of the Company's market capitalization. All securities issued are subject to a four-month hold period under applicable securities laws in Canada, which expires on November 22, 2025. The net proceeds of the Offering will be used by AGT for project development and general working capital purposes. This press release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws. About Applied Graphite Technologies Applied Graphite Technologies is developing the Queens Mine Complex in Sri Lanka. The QMC is on private land in the heart of the vein graphite district, with historical workings and vein graphite outcrops. Vein graphite is naturally high grade (+95% carbon content in the ground) and does not require primary processing. Testing of vein graphite in lithium-ion battery anodes has shown very high capacities, performing better than synthetic graphite. Natural vein graphite has a far superior ESG footprint than synthetic and is cheaper without compromising performance. The technical information in this news release has been prepared by Don Baxter, a "qualified person" as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). 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 adequacy or accuracy of this release. This news release contains forward-looking information as such term is defined in applicable securities laws, which relate to future events or future performance and reflect management's current expectations and assumptions. The forward-looking information includes statements about Applied Graphite Technologies (AGT)'s plans and the completion of any remaining tranches of the Offering and AGT's actual use of proceeds from the Offering. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to AGT, including the assumption that approvals will be obtained. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. Risk factors that could cause actual results to differ materially from the results expressed or implied by the forward-looking information include, among other things, the receipt of TSXV final approval of the Offering. AGT cautions the reader that the above list of risk factors is not exhaustive. Except as required under applicable securities legislation, AGT undertakes no obligation to publicly update or revise forward-looking information.
Business Insider
3 days ago
- Business
- Business Insider
‘Only the Beginning,' Says Investor About AMD Stock
Advanced Micro Devices (NASDAQ:AMD) stock offered little cause for celebration in the latter half of 2024 and into 2025. Despite generating strong revenue amid the ongoing AI boom, the chipmaker's share price tumbled, leaving investors out in the cold. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. That narrative, however, has shifted sharply in recent months. AMD's share price has skyrocketed 83% over the past three months, driven by renewed market optimism, a standout Q1 2025 earnings report, continued AI infrastructure investments by hyperscalers, and a landmark contract in Saudi Arabia. In fact, one investor, known by the pseudonym Cash Flow Venue (CFV), believes that AMD's 'rally has just begun,' citing product traction and international tailwinds as signs of more upside ahead. As supporting evidence, the investor points to the growing adoption of AMD's MI series GPUs by major tech players. With the Instinct MI350 already shipping and the MI400 expected to debut in 2026, AMD's data center strategy appears to be gaining real momentum. 'AMD doesn't slow down its pace, and while it still lags behind Nvidia, it doesn't have to overthrow it to secure a strong #2 position in the market, still securing high demand, growing and profitable sales, as well as customer relationships ensuring future growth prospects,' the investor added. CFV is also buoyed by some recent regulatory developments, as the Trump administration has indicated its willingness to allow the export of advanced AI chips to China. This could reopen the door for AMD's advanced AI chips, specifically the MI308, to be exported to China. Keep on Buying AMD Stock Taken together, these developments give the investor confidence that AMD's rally still has legs, even with the stock trading at a heightened EV-to-EBITDA multiple of 36.8x. 'Given robust financials, product innovation, and renewed China access, I am raising my AMD rating to Strong Buy for continued upside potential,' exclaims CFV. (To watch Cash Flow Venue's track record, click here) Wall Street, meanwhile, shows a mixed stance. AMD holds a Moderate Buy consensus rating based on 25 Buys and 10 Holds. However, the average 12-month price target of $144.45 suggests the stock may be overvalued by ~8% at current levels. (See AMD stock forecast) To find good ideas for AI stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
Scottish Sun
3 days ago
- Automotive
- Scottish Sun
I tracked down my grandfather's Mini after it'd been lost for DECADES – I restored & now it's worth over £12,000
It was recently voted as runner up in a prestigious award LIKE NEW I tracked down my grandfather's Mini after it'd been lost for DECADES – I restored & now it's worth over £12,000 Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) A CLASSIC car enthusiast has shared the heartwarming story of his Morris Mini, a cherished family heirloom that has been passed down through four generations. Jamie Garrett, from Oxfordshire, was recently named a runner-up in Lancaster Insurance's prestigious Pride of Ownership award for 2025, after showcasing his beautifully restored and much-loved classic car. Sign up for Scottish Sun newsletter Sign up 5 Jamie Garrett's restored Morris Mini is a cherished family heirloom spanning generations Credit: Lancaster Insurance 5 The lost Morris Mini was re-discovered and returned to life as Jamie surprised his father with a stunning restoration Credit: Lancaster Insurance 5 The car has earned the runner-up spot at Lancaster Insurance's Pride of Ownership award Credit: Lancaster Insurance 5 The Mini's shell was restored by a skilled panel expert from the Real Mini Company Credit: Lancaster Insurance 5 Found in 2019, the project took years to complete Credit: Lancaster Insurance Speaking to the classic car experts at Lancaster Insurance, Jamie revealed the iconic little motor was originally purchased by his grandfather in 1965 and became an integral part of the family's life. Indeed, it was used for everything from summer holidays in France and Italy to teaching multiple family members, including Jamie's father, how to drive. The car later served as Jamie's father's work vehicle - before rust claimed it in 1977, rendering it undrivable and leaving it off the road for decades. In 1996, an attempt was made to restore the Mini but the project stalled and the car was eventually given away. For years, it was thought to be lost forever - until Jamie tracked it down in 2019. Against all odds, he bought the car back and embarked on the ambitious task of restoring it to its former glory - despite having no prior experience in car restoration. As expected, Jamie faced numerous challenges, including a failed initial attempt, but his determination never wavered and by working with specialists, including a skilled panel expert from the Real Mini Company, the Mini's shell was brought back to life. Better yet, Jamie decided to keep the restoration project a secret from his father until 2023, when he unveiled the fully restored Mini as a surprise - leaving his father overwhelmed with emotion. Together, they worked on the final touches before taking the car for its first drive to visit Jamie's grandfather, who apparently, when he first saw it, said: 'It was never this good!' Speaking to Lancaster Insurance, Jamie said: 'As a family we are immensely proud of the car, and the story that goes with it makes it even more special and brings joy to everyone that meets her. The first-ever all-electric MINI JCW Aceman 'She will live on as a lasting memory of my grandparents who are now no longer with us.' The motor now serves as both a functional car and a showpiece - regularly appearing at various events. Lancaster's Pride of Ownership award, as voted for by classic car enthusiasts, recognises not only craftsmanship and dedication. Yvonne Gosney, the firm's Senior Trading Manager, said: 'The work Jamie has completed on this Mini is nothing short of exceptional, and we congratulate him on his deserving podium position in this year's Pride of Ownership. 'Jamie's Mini is a powerful reminder of how classic car restoration can be about more than just metal - it can bring a family's history back to life.' The Morris Mini has become a favourite among classic car enthusiasts and has risen in price in recent years - with the median price, according to the Classic Valuer, being £13,616. A quick scan through classic car listings, like the ones on Cars & Classics, found Morris Minis relatively common and varying in price, although ones from the early 1960s generally seem to sell for £12,000.
News18
4 days ago
- News18
Two arrested in Pune with drugs worth Rs 2.87 lakh
Pune, Jul 19 (PTI) The anti-narcotic cell of Pune police along with Military Intelligence (MI) unit of the Army's Southern Command has arrested two men with narcotic substances worth more than Rs 2.87 lakh, an official said on Saturday. Acting on a tip-off from the MI unit, a joint team placed Abhinav Pradeep Gupta (22), a resident of Shivane, and Irshad Iftikar Sheikh (27), a resident of Kondhwa, under surveillance for suspected involvement in drug trafficking. The duo were intercepted in Kondhwa on Friday evening and 10.21 gm of MD or mephedrone valued at Rs 2.04 lakh, 8.32 gm of OG (high-grade variety of marijuana) worth Rs 83,000 and some ganja were recovered from their possession, the police official said. The team also seized an SUV and three mobile phones. A case was registered at Kondhwa Police Station under the Narcotic Drugs and Psychotropic Substances (NDPS) Act. Further investigation is underway to trace the source of the drugs and ascertain if the accused are linked to a larger drug network, the official said. PTI SPK KRK Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
