Latest news with #MultijurisdictionalDisclosureSystem
Hamilton Spectator
9 hours ago
- Business
- Hamilton Spectator
Methanex Corporation Completes Acquisition of OCI Global's Methanol Business
VANCOUVER, British Columbia, June 27, 2025 (GLOBE NEWSWIRE) — Methanex Corporation (TSX:MX) (Nasdaq:MEOH) announced today that it has completed the previously announced acquisition of OCI Global's ('OCI') international methanol business. As part of the transaction, first announced in September 2024, Methanex has acquired an interest in i) two world-scale methanol facilities in Beaumont, Texas, which have access to robust North American natural gas feedstock and one of which also produces ammonia, ii) a low-carbon methanol production and marketing business, and iii) a currently idled methanol facility in the Netherlands. The transaction consideration consists of approximately $1.2 billion of cash, excluding adjustments to working capital and cash acquired, the issuance of approximately 9.9 million common shares of Methanex and the assumption of approximately $450 million in debt and leases. 'We are excited to complete this important strategic acquisition and to welcome a talented team to Methanex,' said Rich Sumner, President and CEO of Methanex. 'I want to thank the individuals that worked diligently to successfully close this acquisition. As we move forward, our focus is on ensuring a smooth integration, maintaining safe and stable operations, and delivering the strategic benefits of this acquisition.' In connection with the transaction, Methanex has filed a base shelf prospectus (the 'Prospectus') with the securities regulatory authority in the Province of British Columbia in accordance with a customary registration rights agreement entered into between Methanex and OCI. The Prospectus will also be filed with the U.S. Securities and Exchange Commission as part of a registration statement on Form F-10 in accordance with the Multijurisdictional Disclosure System established between Canada and the United States. Methanex is a Vancouver-based, publicly traded company and is the world's largest producer and supplier of methanol globally. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol 'MX' and on the Nasdaq Stock Market in the United States under the trading symbol 'MEOH'. Methanex can be visited online at . Inquiries Sarah Herriott Director, Investor Relations Methanex Corporation 604-661-2600 or Toll Free: 1-800-661-8851
Associated Press
10 hours ago
- Business
- Associated Press
Methanex Corporation Completes Acquisition of OCI Global's Methanol Business
VANCOUVER, British Columbia, June 27, 2025 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (Nasdaq:MEOH) announced today that it has completed the previously announced acquisition of OCI Global's ('OCI') international methanol business. As part of the transaction, first announced in September 2024, Methanex has acquired an interest in i) two world-scale methanol facilities in Beaumont, Texas, which have access to robust North American natural gas feedstock and one of which also produces ammonia, ii) a low-carbon methanol production and marketing business, and iii) a currently idled methanol facility in the Netherlands. The transaction consideration consists of approximately $1.2 billion of cash, excluding adjustments to working capital and cash acquired, the issuance of approximately 9.9 million common shares of Methanex and the assumption of approximately $450 million in debt and leases. 'We are excited to complete this important strategic acquisition and to welcome a talented team to Methanex,' said Rich Sumner, President and CEO of Methanex. 'I want to thank the individuals that worked diligently to successfully close this acquisition. As we move forward, our focus is on ensuring a smooth integration, maintaining safe and stable operations, and delivering the strategic benefits of this acquisition.' In connection with the transaction, Methanex has filed a base shelf prospectus (the 'Prospectus') with the securities regulatory authority in the Province of British Columbia in accordance with a customary registration rights agreement entered into between Methanex and OCI. The Prospectus will also be filed with the U.S. Securities and Exchange Commission as part of a registration statement on Form F-10 in accordance with the Multijurisdictional Disclosure System established between Canada and the United States. Methanex is a Vancouver-based, publicly traded company and is the world's largest producer and supplier of methanol globally. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol 'MX' and on the Nasdaq Stock Market in the United States under the trading symbol 'MEOH'. Methanex can be visited online at Inquiries Sarah Herriott Director, Investor Relations Methanex Corporation 604-661-2600 or Toll Free: 1-800-661-8851
Yahoo
24-03-2025
- Business
- Yahoo
SolarBank secures $19m to advance solar and energy storage projects
Canadian independent renewable energy developer SolarBank has announced a definitive agreement with an institutional investor for equity financing of up to $19m. The agreement includes the purchase of 2,394,367 common shares and warrants at a combined price of $3.55 per share. The warrants, priced at $4.45 per share, are exercisable immediately and will expire five years from issuance. The financing aims to support SolarBank's independent power producer assets, including battery energy storage systems and a community solar project in New York. It will also be used for working capital and other general corporate purposes. The offering is expected to close on or about 24 March 2025, subject to customary closing conditions. A total of $8.5m will be allocated upon the successful completion of the offering, and a further $10.65m could be made available if the warrants are fully exercised for cash. AGP/Alliance Global Partners is acting as the sole placement agent for the offering. The offering is being conducted in the US based on SolarBank's short-form base shelf prospectus, filed with Canadian securities authorities on 2 May 2023. The corresponding registration statement has been submitted to the US Securities and Exchange Commission (SEC) under the US/Canada Multijurisdictional Disclosure System. A prospectus supplement will be filed in Canada and with the SEC. In a related development, SolarBank announced the sale of its 3.26MW Camillus solar project to Solar Advocate Development for $7.3m. The project, located on a closed landfill site, will operate as a community solar project and is eligible for incentives under the NYSERDA NY-Sun programme. SolarBank received approval for $1,058,616 in incentives from NYSERDA for the Camillus solar project, contingent on compliance with the NY-Sun program manual. The solar installation must be completed within 30 months of approval. SolarBank has completed an interconnection agreement and obtained the necessary permits for Camillus. Engineering and construction have commenced, with the company initiating procurement of major equipment. The project will be built under an engineering, procurement and construction agreement dated 18 March 2025. "SolarBank secures $19m to advance solar and energy storage projects" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
