Latest news with #TSXCompanyManual
Cision Canada
4 days ago
- Business
- Cision Canada
AIMIA CONFIRMS THE LAUNCH OF ITS NORMAL COURSE ISSUER BID TO REPURCHASE UP TO 5,906,629 SHARES
TORONTO, June 4, 2025 /CNW/ - Aimia Inc. (TSX: AIM) ("Aimia" or the "Company") announces that the Toronto Stock Exchange (the "TSX") has approved its previously-announced normal course issuer bid ("NCIB"). The NCIB represents part of the Company's strategy of enhancing shareholder value and reducing the discount of its share price relative to the intrinsic value of its net assets. Aimia has received approval to purchase for cancellation up to 5,906,629 of its common shares, or 10% of the public float of 59,066,298 common shares as at May 30, 2025, through the facilities of the TSX and through alternative Canadian trading systems (such as Alpha ATS), or by exempt offers or block purchases, during the period from June 6, 2025 to no later than June 5, 2026. Purchases made on the open market through the facilities of the TSX and alternative Canadian trading systems will be at the prevailing market price at the time of acquisition. Aimia may also purchase common shares for cancellation pursuant to exemption orders from applicable securities regulatory authorities, and such purchases will be at a discount to the prevailing market price. As at May 30, 2024, there were 92,815,385 issued and outstanding common shares and Aimia has repurchased and cancelled 5,835,932 of its common shares over the 12 past months out of the 7,009,622 shares that were authorized for repurchase and cancelation by the TSX during the 2024-2025 NCIB program. The weighted average price of the shares purchased was $2.61 per share. Purchases were made through the TSX and through the alternative Canadian trading systems. The average daily trading volume on the TSX less shares purchased by Aima for the past six months was 45,495 common shares. Under TSX rules, a maximum daily purchase of 25% of this average may be made, representing 11,373 common shares. In addition, Aimia may make, once per week, a block purchase (as such term is defined in the TSX Company Manual) of common shares not directly or indirectly owned by insiders of Aimia, in accordance with the regulations of the TSX. The common shares purchased pursuant to the NCIB will be cancelled. Transactions under the NCIB will depend on future market conditions. Aimia renewed its automatic share purchase plan agreement (the Plan") with the designated broker responsible for the NCIB, to allow for the repurchase of common shares at times when Aimia ordinarily would not be active in the market due to its pre-scheduled blackout periods. The renewal of the Plan will be effective on June 6, 2025. Outside of such pre-scheduled blackout periods, Aimia retains discretion whether to make purchases under the NCIB, and to determine the timing, amount and acceptable price of any such purchases, subject at all times to applicable TSX and other regulatory requirements. Aimia believes that the market price of its common shares may, from time to time, not reflect the intrinsic value of the Company, and that repurchases of common shares pursuant to the NCIB may represent an appropriate and desirable use of the Company's funds. Therefore, Aimia believes that it is in its best interest to proceed with this NCIB, while maintaining sufficient financial flexibility to execute on the Company's future strategic direction and capital allocation priorities. About Aimia Aimia Inc. (TSX: AIM) is a diversified company focused on enhancing the value of its two core global businesses, Bozzetto, a sustainable specialty chemicals company, and Cortland International, a rope and netting solutions company. Headquartered in Toronto, Aimia's priorities include reducing its holding company costs, reducing the discount of its share price to the intrinsic value of its net assets and efficiently utilizing its loss carry-forwards to create shareholder value. For more information about Aimia, visit Forward-Looking Statements This press release contains statements that constitute "forward-looking information" within the meaning of Canadian securities laws ("forward-looking statements"), which are based upon our current expectations, estimates, projections, assumptions and beliefs. All information that is not clearly historical in nature may constitute forward-looking statements. In some cases, forward-looking statements are typically identified by the use of terms such as "expects" and "expected". Forward-looking statements in this press release include, but are not limited to, statements with respect to our current and future plans, expectations and intentions with respect to the NCIB and Aimia's repurchases thereunder, including the timing and amount of such repurchases. Forward-looking statements, by their nature, are based on assumptions and are subject to known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the forward-looking statements will not occur. The forward-looking statements in this press release speak only as of the date hereof and reflect several material factors, expectations and assumptions. Undue reliance should not be placed on any predictions or forward-looking statements as these may be affected by, among other things, changing external events and general uncertainties of the business. A discussion of the material risks applicable to us can be found in our current Management Discussion and Analysis and Annual Information Form, each of which have been or will be filed on SEDAR and can be accessed at Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and we disclaim any intention and assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Yahoo
5 days ago
- Business
- Yahoo
Fennec Announces Results of Annual Meeting
RESEARCH TRIANGLE PARK, N.C., June 03, 2025 (GLOBE NEWSWIRE) -- Fennec Pharmaceuticals Inc. (the 'Company') (NASDAQ:FENC) (TSX:FRX) today announced that the nominees listed in the management proxy circular dated April 25, 2025 were elected as directors of the Company at the Annual General and Special Meeting of Shareholders held in New York, New York on June 3, 2025. Detailed results of the vote for the election of directors are set out below: Name of Nominee Votes For % Votes For Votes Withheld % Votes Withheld Dr. Khalid Islam 13,858,131 97.84% 304,760 2.15% Mr. Chris A. Rallis 13,808,792 97.49% 354,099 2.50% Mr. Marco Brughera 13,807,501 97.49% 355,390 2.50% Dr. Jodi Cook 13,259,894 93.62% 902,997 6.37% Mr. Rostislav Raykov 13,432,561 94.84% 730,330 5.15% Mr. Jeff Hackman 13,495,309 95.28% 667,582 4.71% Shareholders voted 99.64% in favor of appointing Haskell & White LLP as auditors and authorizing the directors to fix the auditor remuneration, 85.50% in favor of the compensation paid to the Company's named executive officers, and 91.27% (88.01% after subtracting shares held by insiders eligible to participate in the Company's 2020 Equity Incentive Plan) in favor of certain amendment to the Company's 2020 Equity Incentive Plan. The Company has relied on the exemption set forth in Section 602.1 of the TSX Company Manual, which provides that the TSX will not apply its standards to certain transactions involving eligible interlisted issuers on a recognized exchange, such as Nasdaq, in the approval of the amendments to its 2020 Equity Incentive Plan. For further information, please contact: Robert AndradeChief Financial OfficerFennec Pharmaceuticals 919-246-5299Error 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
Yahoo
21-05-2025
- Business
- Yahoo
Kiwetinohk announces annual general and special meeting results
CALGARY, AB, May 21, 2025 /CNW/ - (TSX: KEC) Kiwetinohk Energy Corp. (the "Company") held its Annual General and Special Meeting of Shareholders (the "Meeting"). The following sets forth a brief description of each matter that was voted upon at the Meeting and the outcome of the vote. A detailed description of the business of the Meeting is contained in the Company's management information circular dated April 2, 2025. The total number of common shares represented by shareholders at the Meeting and by proxy was 36,451,426, representing 83.24% of the Company's outstanding common shares. 1. Election of Directors: The ten director nominees proposed by management were elected. The votes by ballot were as follows: Nominee Votes For % of Votes For Votes Against % of Votes Against Kevin Brown 35,717,235 99.63 % 132,758 0.37 % Beth Reimer-Heck 35,724,735 99.65 % 125,258 0.35 % Judith Athaide 35,714,835 99.65 % 125,158 0.35 % Colin Bergman 35,727,335 99.66 % 122,658 0.34 % Patrick Carlson 35,698,434 99.58 % 151,559 0.42 % Leland Corbett 35,698,334 99.58 % 151,659 0.42 % Alicia Kilmer 35,724,835 99.65 % 125,158 0.35 % Kaush Rakhit 35,696,434 99.57 % 153,559 0.43 % Steven Sinclair 35,727,335 99.66 % 122,658 0.34 % John Whelen 35,727,235 99.66 % 122,758 0.34 % 2. Appointment of Auditors: The appointment of Deloitte LLP to serve as the auditor of the Company for 2025 was approved. The votes by proxy were as follows: Votes For % of Votes For Votes Withheld/Abstained % of Votes Withheld/Abstained 36,430,860 99.99 % 2,565 0.01 % 3. Approval of an Amendment to the Expiry Date of Certain Performance Warrants: The ordinary resolution of shareholders (on a disinterested basis) approving an amendment to the expiry date of certain performance warrants, was approved. The votes by ballot were received as follows, and excludes votes attached to shares held by any "insider" of the Company, as that term is defined in the TSX Company Manual, who is a holder of, or who otherwise has an economic interest in, performance warrants or is an eligible participant in the Company's previously adopted stock option plan, along with their associates: Votes For % of Votes For Votes Against % of Votes Against Restricted 5,634,173 84.34 % 1,046,162 15.66 % 29,151,657 About Kiwetinohk Kiwetinohk produces natural gas, natural gas liquids, oil and condensate and is a developer of renewable and natural gas power projects, and early stage carbon capture and storage opportunities, in Alberta. Kiwetinohk's common shares trade on the Toronto Stock Exchange under the symbol KEC. Additional details are available within the year-end documents available on Kiwetinohk's website at and SEDAR+ at For more information on Kiwetinohk, please contact: Investor RelationsInvestor Relations email: IR@ Relations phone: (587) 392-4395 Pat Carlson, Chief Executive OfficerJakub Brogowski, Chief Financial Officer SOURCE Kiwetinohk Energy View original content to download multimedia: 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
Cision Canada
21-05-2025
- Business
- Cision Canada
Kiwetinohk announces annual general and special meeting results
CALGARY, AB, May 21, 2025 /CNW/ - (TSX: KEC) Kiwetinohk Energy Corp. (the "Company") held its Annual General and Special Meeting of Shareholders (the "Meeting"). The following sets forth a brief description of each matter that was voted upon at the Meeting and the outcome of the vote. A detailed description of the business of the Meeting is contained in the Company's management information circular dated April 2, 2025. The total number of common shares represented by shareholders at the Meeting and by proxy was 36,451,426, representing 83.24% of the Company's outstanding common shares. 1. Election of Directors: The ten director nominees proposed by management were elected. The votes by ballot were as follows: Nominee Votes For % of Votes For Votes Against % of Votes Against Kevin Brown 35,717,235 99.63 % 132,758 0.37 % Beth Reimer-Heck 35,724,735 99.65 % 125,258 0.35 % Judith Athaide 35,714,835 99.65 % 125,158 0.35 % Colin Bergman 35,727,335 99.66 % 122,658 0.34 % Patrick Carlson 35,698,434 99.58 % 151,559 0.42 % Leland Corbett 35,698,334 99.58 % 151,659 0.42 % Alicia Kilmer 35,724,835 99.65 % 125,158 0.35 % Kaush Rakhit 35,696,434 99.57 % 153,559 0.43 % Steven Sinclair 35,727,335 99.66 % 122,658 0.34 % John Whelen 35,727,235 99.66 % 122,758 0.34 % 2. Appointment of Auditors: The appointment of Deloitte LLP to serve as the auditor of the Company for 2025 was approved. The votes by proxy were as follows: 3. Approval of an Amendment to the Expiry Date of Certain Performance Warrants: The ordinary resolution of shareholders (on a disinterested basis) approving an amendment to the expiry date of certain performance warrants, was approved. The votes by ballot were received as follows, and excludes votes attached to shares held by any "insider" of the Company, as that term is defined in the TSX Company Manual, who is a holder of, or who otherwise has an economic interest in, performance warrants or is an eligible participant in the Company's previously adopted stock option plan, along with their associates: About Kiwetinohk Kiwetinohk produces natural gas, natural gas liquids, oil and condensate and is a developer of renewable and natural gas power projects, and early stage carbon capture and storage opportunities, in Alberta. Kiwetinohk's common shares trade on the Toronto Stock Exchange under the symbol KEC. Additional details are available within the year-end documents available on Kiwetinohk's website at and SEDAR+ at For more information on Kiwetinohk, please contact: Investor Relations Investor Relations email: [email protected] Investor Relations phone: (587) 392-4395 Pat Carlson, Chief Executive Officer Jakub Brogowski, Chief Financial Officer SOURCE Kiwetinohk Energy
Cision Canada
16-05-2025
- Business
- Cision Canada
STAR DIAMOND CORPORATION ANNOUNCES TRANSFORMATIVE TRANSACTION WITH SPIRIT RESOURCES s.a.r.l.
SASKATOON, SK, May 16, 2025 /CNW/ - Star Diamond Corporation (the "Company") (TSX: DIAM) is pleased to announce that it has reached an agreement with Spirit Resources s.a.r.l. ("Spirit") to provide funding to the Company by way of a private placement (the "Private Placement") of units ("Units") for gross proceeds of Cdn. $4,000,000 and an interim Cdn. $800,000 unsecured loan. The proceeds of the Private Placement and loan will be used for working capital and general corporate purposes, including to advance a prefeasibility study with respect to the Fort à la Corne diamond project. Under the Private Placement, Spirit has agreed to subscribe for 133,333,333 Units at a price of Cdn. $0.03 per Unit for aggregate gross proceeds of Cdn. $4,000,000. Each Unit will consist of one common share of the Company ("Common Share") and one Common Share purchase warrant ("Warrant") with an exercise price of: (i) Cdn $0.04 per Common Share at any time within 12 months following the date of issue, and (ii) Cdn $0.05 per Common Share thereafter, with such Warrants being exercisable for a period of 24 months; provided that if the Company fails to complete one or more equity financings for at least Cdn. $3,000,000 in aggregate within such 24-month period, then the exercise period of the Warrants will be extended by a further 12 months. Upon completion of the Private Placement, Spirit would hold 194,455,143 Common Shares, representing 25.82% of the issued and outstanding Common Shares. Consequently, the completion of the Private Placement may "materially affect control" of the Company within the meaning of the TSX Company Manual, and may result in Spirit becoming an "Acquiring Person" under the Company's Amended and Restated Shareholder Rights plan dated May 30, 2023 (the "Shareholder Rights Plan"). The completion of the Private Placement is conditional upon receipt of the approval of the Company's shareholders (other than Spirit), including with respect to: (i) the waiver of the application of the Shareholder Rights Plan to the Private Placement and the termination of the Shareholder Rights Plan; (ii) the issuance of Common Shares and Warrants on the terms of the Private Placement; (iii) Spirit obtaining the ability to materially affect control of the Company; (iv) the appointment by Spirit of two individuals to the board of directors of the Company (the "Board"), as described below; and (v) any such other matters as may be agreed by the Company and Spirit. The Company intends to provide notice of a special meeting of its shareholders to address such matters as soon as practicable following this announcement. In connection with the foregoing, the Company and Rio Tinto Exploration Canada Inc. ("RTEC") have entered into a voting support agreement, whereby RTEC has agreed not to vote against certain matters to be considered at such meeting, including the waiver and termination of the Shareholder Rights Plan and the terms of the Private Placement. In addition to such shareholder approval, the completion of the Private Placement is conditional upon receipt of all other required regulatory approvals, including the approval of the Toronto Stock Exchange. The outside date for the completion of the Private Placement is August 29, 2025. The completion of the Private Placement is also conditional on the Company and Spirit entering into an investor rights agreement, pursuant to which Spirit will be granted certain pre-emptive and prospectus registration rights, the right to nominate two directors to the Board following completion of the Private Placement, as well as, in the event Spirit exercises all of the Warrants, the right to nominate an additional director to the Board and to nominate the Chair of the Board from such Spirit director nominees. In connection with the Private Placement, the Company and Spirit have also entered into a loan agreement, whereby Spirit will advance an unsecured term loan in the principal amount of Cdn. $800,000 to the Company (the "Loan"). The Loan bears interest at 6% per annum and matures upon the earlier of the closing of the Private Placement and the date falling on the 180 th day after issuance of the Loan, unless extended by Spirit in its sole discretion. Ewan Mason, President and CEO of the Company, said: "We are very pleased to welcome Jean-Raymond Boulle as a transformative shareholder to move this incredible diamond project forward. Mr. Boulle's reputation as a successful entrepreneur in the mining sector speaks for itself and his connections in the diamond industry will be extremely useful in the search for financing to build this world-class mine." Spirit is a Luxembourg-based private investment corporation that is ultimately owned and controlled by Jean-Raymond Boulle. Immediately prior to the execution of the documentation pertaining to the Private Placement, Spirit beneficially owned and controlled 61,121,810 Common Shares, representing 9.86% of the issued and outstanding Common Shares on a non-diluted basis. Assuming the satisfaction of the conditions listed above and completion of the Private Placement, Spirit will beneficially own and control an aggregate of 194,455,143 Common Shares and 133,333,333 Warrants, representing 25.82% of the issued and outstanding Common Shares on a non-diluted basis and 36.97% on a partially-diluted basis, assuming the exercise of the Warrants. The completion of the Private Placement would result in an increase of Spirit's holdings of Common Shares by approximately 15.96% on a non-diluted basis and 27.11% on a partially-diluted basis. Spirit intends to acquire the Units for investment purposes. Depending on market conditions and other factors, Spirit may from time to time acquire and/or dispose of securities of the Company or continue to hold its current position. To obtain a copy of the early warning report to be filed by Spirit in connection with this press release, please contact: Michael Oke at +44 7834368299. Spirit's address is 63 rue de Rollingergrund, 2440 Luxembourg. The offer and sale of the securities offered in the Offering 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. About Spirit Resources s.a.r.l. Spirit is a private company formed in Luxembourg which is ultimately owned and controlled by Jean-Raymond Boulle. Mr. Boulle was the Chairman, founder and CEO of Diamond Fields Resources Inc., a company listed on the Toronto Stock Exchange that discovered the Voisey's Bay Mine (acquired by Inco Ltd. in 1996 for $4.3 billion). Mr. Boulle was subsequently involved in several successful mining companies, including Adastra Minerals Inc. (acquired by First Quantum Minerals Ltd. in 2006 for approximately US$275 million) and World Titane Holdings Ltd. (acquired by Base Resources Ltd. in 2017 for US$90 million). Mr. Boulle started his career at the De Beers Diamond Trading Company London where he worked for ten years in Zaire, Sierra Leone and Belgium. Presently, Mr. Boulle has several interests in diamond exploration and mining assets, including assets in Namibia and Angola. He also controls luxury retail companies in the downstream diamond industry. As an investor and entrepreneur, Mr. Boulle has founded a number of mining companies that have made discoveries of nickel, cobalt, copper, zinc, titanium and diamonds. Mr. Boulle has successfully listed companies on the following stock exchanges: AIM (England), TSXV (Canada), ASX (Australia) and SEM (Mauritius). Beyond mining, he has established businesses in sectors including medical technology, therapeutics, agriculture, luxury and energy. The Jean Boulle Group supports a range of environmental and conservation projects with a focus on Mauritius, where he was born. 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 Offering, including with respect to obtaining shareholder and regulatory approvals in connection therewith, and the prospective nature of the Company's property interests. 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 shareholder and 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.
