Latest news with #Spirit
Cision Canada
2 hours ago
- Business
- Cision Canada
STAR DIAMOND CORPORATION ANNOUNCES RESULTS OF SPECIAL MEETING
SASKATOON, SK, July 29, 2025 /CNW/ - Star Diamond Corporation (the "Company") (TSX: DIAM) is pleased to announce the voting results on the items of business considered at the special meeting (the "Meeting") of holders ("Shareholders") of common shares ("Common Shares") of the Company held virtually today. The Meeting was held in connection with the previously announced proposed private placement of units of the Company to Spirit Resources s.a.r.l. ("Spirit") for gross proceeds of Cdn. $4,000,000 (the "Private Placement"). At the Meeting, Shareholders were asked to consider and approve: (i) a resolution of the Shareholders (excluding those Common Shares held by Spirit and its affiliates) to the waiver of the application of the Company's Amended and Restated Shareholder Rights plan dated May 30, 2023 (the "Shareholder Rights Plan") with respect to the Private Placement ("Waiver Resolution"); (ii) a resolution of the Shareholders (and the Shareholders excluding those Common Shares held by Spirit and its affiliates) approving the amendment and termination of the Shareholder Rights Plan ("Termination Resolution"); (iii) a resolution of the Shareholders (excluding those Common Shares held by Spirit and its affiliates) approving the issuance of Common Shares and Common Share purchase warrants on the terms of the Private Placement, including the Private Placement materially affecting control of the Company ("Private Placement Resolution"); and (iii) resolutions of the Shareholders approving the election of two individuals nominated by Spirit (Messrs. Al Gourley and Wayne Malouf) to the board of directors of the Company in connection with the completion of the Private Placement ("Election Resolutions"). Each such Shareholder resolution required approval of at least a majority of the votes cast on such resolution. A total of 203,854,277 Common Shares, representing 32.707% of the Common Shares issued and outstanding, were represented in person or by proxy at the Meeting. Of that number, 142,732,467 Common Shares were held by Shareholders excluding Spirit and its affiliates. The Company is pleased to announce that each resolution was approved at the Meeting. Detailed results of the votes cast at the Meeting are as follows: __________________________________ (1) Excluding Common Shares held by Spirit and any of its affiliates or associates, and any person acting jointly or in concert with Spirit. The voting results on the Termination Resolution including Common Shares held by Spirit were as follows: Votes For – 194,387,256 (95.356%); Votes Against – 9,467,021 (4.644%). (2) Excluding Common Shares held by those Shareholders participating directly or indirectly in the Private Placement and of such Shareholders' associates and affiliates. It is anticipated that the closing of the Private Placement will occur on or about July 31, 2025. Completion of the Private Placement remains subject to a number of conditions, including but not limited to the final approval of the Toronto Stock Exchange (the "TSX") and to standard closing conditions for a transaction of this nature. The offer and sale of the securities offered in the Private Placement has not been and will not be registered under the US Securities Act of 1933, as amended, or any state securities laws, and such securities may not be offered or sold in the United States absent registration or applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States or in any jurisdiction in which the offer, sale or solicitation would be unlawful. This news 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, or any state securities laws, and may not be offered or sold within the United States unless an exemption from such registration is available. About Star Diamond Corporation The Company is a Canadian-based corporation engaged in the acquisition, exploration and development of mineral properties. Shares of the Company trade on the Toronto Stock Exchange under the trading symbol "DIAM". The Company's most significant asset is its interest in the Fort à la Corne property in central Saskatchewan. These diamondiferous kimberlites are located in close proximity to established infrastructure, including paved highways and the electrical power grid, which provide significant advantages for future mine development. CAUTION REGARDING FORWARD-LOOKING INFORMATION This press release contains "forward-looking statements" and/or "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. The use of any of the words "anticipate", "plan", "aim", "target", "contemplate", "continue", "estimate", "expect", "intend", "propose", "might", "may", "will", "shall", "project", "should", "could", "would", "believe", "predict", "forecast", "pursue", "potential", "possible", "capable" and similar expressions are intended to identify "forward-looking statements. Forward-looking statements in this press release include, but are not limited to, expectations regarding the completion of the Private Placement, including with respect to obtaining regulatory approvals in connection therewith. These forward-looking statements are based on the Company's current beliefs as well as assumptions made by and information currently available to it and involve inherent risks and uncertainties, both general and specific. Risks exist that forward-looking statements will not be achieved due to a number of factors including, but not limited to, the receipt of applicable regulatory approvals, availability of financing, the impact of changes in the laws and regulations regulating mining exploration, development, closure, judicial or regulatory judgments and legal proceedings and the additional risks described the Company's most recently filed Annual Information Form, and annual and interim MD&A. Although management of the Company considers the assumptions contained in forward-looking statements to be reasonable based on information currently available to the Company, those assumptions may prove to be incorrect. When making decisions with respect to the Company, investors and others should not place undue reliance on these statements and should carefully consider the foregoing factors and other uncertainties and potential events. The Company does not undertake any obligation to release publicly revisions to any forward-looking statement to reflect events or circumstances after the date of this release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued forward-looking statement constitutes a reaffirmation of that statement. Continued reliance on forward-looking statements is at investors' own risk.
San Francisco Chronicle
8 hours ago
- Business
- San Francisco Chronicle
Spirit to furlough hundreds of pilots — and Bay Area travelers may feel it
Spirit Airlines announced Monday it will furlough 270 pilots and demote 140 captains to first officers as part of a restructuring effort aimed at restoring profitability. The furloughs, set to take effect Nov. 1, come just months after the Florida-based budget carrier emerged from Chapter 11 bankruptcy in March. 'We are taking necessary steps to ensure we operate as efficiently as possible as part of our efforts to return to profitability,' Spirit said in a statement, citing weakened demand and a need to 'better align staffing with our flight schedule.' The airline has endured years of financial strain, including mounting debt, operational losses and failed merger attempts. In 2024, it reported a net loss exceeding $1 billion. The company's latest contraction could have ripple effects in the Bay Area, where Spirit operates several key routes out of Oakland and San Jose airports. At Oakland International Airport, the airline flies to six domestic destinations, including Las Vegas, Newark and Orange County. In San Jose, Spirit has rapidly expanded its presence, now offering 13 daily departures — including twice-daily nonstop service to Hollywood Burbank Airport. The airline did not respond to questions about whether specific routes would be affected. 'Spirit continues to shrink, and with it, the value of pilot seniority and Spirit careers continues to erode,' said Captain Ryan Muller, chairman of the Spirit unit of the Air Line Pilots Association, in a statement. Meanwhile, the airline is working to shed its no-frills image, adding extra legroom seats and launching a Spirit-branded debit card as part of a broader bid to rebrand itself as a 'premium' low-cost carrier. The company furloughed more than 500 pilots last year and is currently seeking to offload over 20 Airbus A320 aircraft.
The Hill
9 hours ago
- Business
- The Hill
Spirit Airlines furloughing 270 pilots, demoting another 140 amid slower schedule
Spirit Airlines is furloughing around 270 pilots and demoting another 140 later this year as the budget carrier looks to slim down the workforce and adjust to a slower schedule. 'We are taking necessary steps to ensure we operate as efficiently as possible as part of our efforts to return to profitability. Among these steps, we have made the difficult decision to furlough approximately 270 Pilots, effective Nov. 1, 2025, to better align staffing with our flight schedule,' the airline said in an emailed statement to The Hill on Tuesday. The demotion of approximately 140 captains will take place on Oct. 1. They will downgraded to first officer, according to the Air Line Pilots Association, the largest pilot union in the world, CNBC reported. 'We recognize the weight of this decision and are committed to treating all affected Team Members with compassion and respect during this process,' the airline added. The Florida-based carrier had filed for Chapter 11 bankruptcy protection in November, after failed attempts at merging with other airlines and financial losses. Spirit emerged from bankruptcy in March. Ahead of filing for bankruptcy, Spirit furloughed around 200 pilots in September. 'We know how hard this news hits, and there's no dressing that up. Spirit continues to shrink, and with it, the value of pilot seniority and Spirit careers continues to erode,' Ryan Muller, a captain and the chairman of Spirit's Air Line Pilots Association, said, according to CNBC.
Pink Villa
14 hours ago
- Entertainment
- Pink Villa
Did Farah Khan take a dig at Deepika Padukone's 8-hour shift demand? Her ‘Sona tapke hi banta hai' comment raises eyebrows
Ever since Deepika Padukone walked out of Sandeep Reddy Vanga's Spirit over her 8-hour work shift demand, there has been a lot of chatter. The industry has been divided over her decision. While many are standing by Deepika, some feel it's not possible in Bollywood. Farah Khan, who has worked with the actress, took an indirect jibe and seemed not to be in support. Farah Khan's thoughts on the 8-hour shift demand In her recent YouTube vlog, Farah Khan visited Radhikka Madan's house. While they were discussing about her first audition for Meri Aashiqui Tumse Hi, the topic of shift hours came up. Recalling her experience, the Sarfira actress revealed that the moment the camera switched on, she felt very safe. After giving the audition, she was sure that they wouldn't cast her. But, to her surprise, she was shooting for her next show within 2 days. It was then that Farah questioned her about having an 8-hour shift. Radhikka then replied, '56 hours non-stop or 48 hours non-stop.' The filmmaker who has worked with Deepika Padukone in Happy New Year and Om Shanti Om hinted that even she does not support an 8-hour shift. She shared, 'Aise tapke hi toh sona banta hai (this is how gold is made)." What is the Deepika Padukone and Sandeep Reddy Vanga controversy? For the unversed, Deepika Padukone had agreed to be a part of Sandeep Reddy Vanga 's film after she loved the way her part was written. However, just a matter of days after the news of her inclusion sank in, it was reported that Deepika had walked out of the project. According to sources, the Bajirao Mastani actress decided to part ways with the film because the producers and directors failed to meet her demands. Deepika Padukone's work front The actress has a couple of exciting films in her kitty. She is all set to star in Shah Rukh Khan and Suhana Khan's starrer King. This film will mark Suhana's feature film debut. Apart from this, she also has Atlee's AA22 X A6 alongside Allu Arjun.
Hans India
18 hours ago
- Entertainment
- Hans India
Triptii Dimri: I've seen and faced things, not raised my voice against them
Actress Triptii Dimri, who is gearing up for the release of her upcoming film 'Dhadak 2', shared that she has been an introvert, faced things, and not raised her voice against them. In her upcoming film 'Dhadak 2', Triptii and her co-star Siddhant Chaturvedi fight casteism for their love, bringing a realistic lens to the concept. Referring to the character Vidhi, the actress said: 'She is not afraid to speak her truth. There is so much to learn from her because she makes you feel empowered.' 'I have been an introvert. I've seen and faced things, and not raised my voice against them.' Triptii said that for '30 years of my life, I have kept quiet about so many things.' 'I never had the guts to tell people that it's wrong. I told Shazia that I want to be like Vidhi; that by the end of this film, I should have the courage to speak my truth without being scared of anyone or the outcome. Now, I do stand up for the right things. This film made me open up a lot more,' she added. Directed by Shazia Iqbal, 'Dhadak 2' is scheduled to release on August 1. The romantic drama film is a spiritual sequel to 'Dhadak' and a remake of the Tamil film 'Pariyerum Perumal.' In addition to this, Triptii Dimri has a few more interesting projects in her kitty, including Vishal Bhardwaj's next with Shahid Kapoor, and Sandeep Reddy Vanga's 'Spirit' opposite Prabhas. Triptii had her first lead role in the romantic drama 'Laila Majnu' in 2018 but gained critical recognition for her performances in Anvita Dutt's films 'Bulbbul' and 'Qala.' She gained immense popularity with a supporting role in the top-grossing action film 'Animal' and has since starred in the comedy films 'Bad Newz' and 'Bhool Bhulaiyaa 3.'
