Category: Canada

Letter: John Lennon as a life coach, Chihuahuas, and microeconomic miracles

John Lennon as a life coach, Chihuahuas, and microeconomic miracles

Be it music, poetry, or the economy, life is a bit strange these days—like a caffeinated Chihuahua running the Toronto Stock Exchange, wearing sunglasses and muttering about NFTs while inflation licks at its heels like a sunburned cat. But let’s not measure it by quarters, CPI charts, and the TSX’s emotional instability. Let’s count it the  John Lennon way: by friends, not fiscal years. By smiles, not student debt-induced tears.

So here we are—2025, somewhere on the on-ramp of late-stage capitalism, with nepo-babies making art, billionaires jousting in low orbit, and the average avocado costing approximately a mid-sized mortgage payment in West Vancouver. A fair distance from when John Lennon gave life advice in the 70’s. Now, the economists in their air-conditioned towers  will tell you we’re in for a “resilient soft landing.” But that’s economist-speak: “We have no idea what’s going on but the PowerPoint looked good.”

Well, forget GDP—have you laughed recently? That’s real value. That’s your Life Stock Index. Did your barista remember your name? Did you make eye contact with a stranger at the local grocery store,  and neither of you combusted in anxiety? Did you make small talk about the weather? Congratulations: its a microeconomic miracle.
 The economy isn’t numbers, it’s people. It’s guitar riffs of everyday kindness, it’s taking minimum wage stock and hustle with the glorious poetry of someone doing donuts in a big box store’s parking lot to feel alive with the windows down and the system up!  Forget bonds—talk to the night shift highway gas station attendant named Sage who writes haikus on coffee cups and has a master’s in philosophy. They are the GDP of our soul.

Meanwhile, most of the current economy is powered by a combination of fear, novelty, and the deep belief that if we all subscribe to one more thing, enlightenment (or at least free shipping) will arrive. Somewhere, a venture capitalist is pitching a startup that sells kibble to dogs via drone. It has a $200 million valuation and exactly zero customers. The market loves it.

But Lennon, dear John, he had the real portfolio. Friends, not years. Smiles, not tears. The Nasdaq of compassion. The ETF of giggles. Can you short despair? Can you long joy? That’s the game now, in this world of clicks and likes, where your Uber driver is a former concert pianist and everyone’s RRSP feels like Schrödinger’s retirement plan—both alive and dead until further notice.

So yeah, the economy is weird. It’s a clown car stuck in an AI quantum loop, honking every time someone mentions “late-stage.” But maybe the best investment isn’t in crypto or tech stocks or vintage Beatles albums—it’s in each other.
Hold the door open and tip extra. Text your weird but favourite uncle. Laugh too loud. Be the bull market of humour and basic human decency.

And remember, above all else: to subscribe and like is optional, but laughing, with love, about it all is not.

Douglas Zhivago

MCAN Mortgage Corporation Shares Director Vote Results

TORONTO, May 9, 2025 /CNW/ – MCAN Mortgage Corporation d/b/a MCAN Financial Group announced the results of the director elections from its 2025 Annual and Special Meeting of Shareholders held on May 8. All nominated directors were elected to serve until the next annual meeting or until their successors are chosen.

Bonnie Agostinho, Brian W. Chu, John E. Coke, Glenn Doré, Philip C. Gillin, Karen L. Martin, Gaelen J. Morphet, and Derek G. Sutherland received significant support from shareholders, with percentages of votes in favor ranging from 98.91% to 99.46%.

For instance, Agostinho garnered 14,030,580 votes in favor, translating to 98.91%, while Chu received 14,107,515 votes, or 99.46%. Each director nominee’s election was confirmed through a vote by ballot, reflecting strong shareholder confidence in the board.

MCAN Mortgage Corporation, listed on the Toronto Stock Exchange under the symbol MKP, is known as the largest mortgage investment corporation in Canada. With a primary focus on generating a reliable stream of income, the company invests in diverse Canadian mortgages, including both residential and commercial properties.

The company highlights its commitment to investing in communities and homes. As part of its strategic direction, MCAN continues to adapt to economic challenges while maintaining a robust lending portfolio. According to CEO Derek Sutherland, “Our first quarter results show resilience in a challenging economic environment, and we will continue to seek growth opportunities.”

Further information about MCAN can be accessed through its website at www.mcanfinancial.com.

TSX extends weekly winning streak as commodity prices climb

TSX ends up 0.4% at 25,357.74

For the week, the index advances 1.3%

Materials sector rises 2.8% as gold rallies

Air Canada jumps 14.6% after earnings report

(Updates at market close)

By Fergal Smith

May 9 (Reuters) – Canada’s main stock index added to its weekly gain on Friday, led by energy and metal mining shares, as hopes that trade tensions could ease offset evidence that tariff-related uncertainty is already weighing on domestic activity.

The Toronto Stock Exchange’s S&P/TSX composite index ended up 103.68 points, or 0.4%, at 25,357.74, its highest closing level since February 28. For the week, the index advanced 1.3, its fifth straight weekly gain.

“The TSX is proving to be quite resilient,” said Elvis Picardo, a portfolio manager at Luft Financial, iA Private Wealth.

“Investors are still factoring in the best case scenario, hoping that the trade war blows over and if things get much worse then the Bank of Canada comes to the rescue with rate cuts, but I think that might be misguided optimism.”

The Canadian unemployment rate rose to 6.9% in April, the highest level since November, as U.S. tariffs started to hurt Canada’s export-dependent economy.

Investors see a 67% chance that the BoC would resume its interest rate cutting campaign next month, up from 46% before the jobs report.

“It’s going to take a while for that (trade) uncertainty to dissipate,” Picardo said.

The materials sector, which includes metal mining shares, rose 2.8% as gold and copper prices climbed.

Oil also rose, settling 3.2% higher at $59.91 a barrel. Energy added 2%, while real estate was up 0.5% as long-term borrowing costs fell.

The Canadian 10-year yield eased 4.5 basis points to 3.159%.

Shares of Air Canada jumped 14.6% after the airline reported a smaller than expected quarterly loss and said it would purchase and cancel up to C$500 million ($358.96 million) in shares by the end of next month.

Telus Corp was another standout. The communications technology firm’s shares rose 7.1% after quarterly results beat estimates. The technology sector was down 1.5%.

($1 = 1.3929 Canadian dollars) (Reporting by Fergal Smith in Toronto and Sanchayaita Roy in Bengaluru; Editing by Vijay Kishore)

Why restaurant royalty funds are sizzling, and the case of the negative ACB

Now that Fairfax Financial Holdings Ltd. (FFH) has signed a letter of intent to acquire The Keg Royalties Income Fund (KEG.UN), do you think other restaurant royalty companies will be bought out?

There does seem to be a trend of restaurant parent companies acquiring their royalty affiliates. In October, A&W Food Services of Canada Inc. merged with A&W Revenue Royalties Income Fund, citing “a more conventional capital structure that can be leveraged to finance growth initiatives.” The combined company now trades on the Toronto Stock Exchange under the symbol AW.

This week, Keg Royalties announced it has signed a letter of intent that would see Fairfax Financial acquire all outstanding units of the fund, other than those it already owns, for $18.60 each – a 31-per-cent premium to the price before the proposal was announced. The Keg steakhouse chain is owned by Recipe Unlimited Corp. – parent of Swiss Chalet, Harvey’s, East Side Mario’s and other brands – which was taken private by Fairfax Financial in 2022.

Based on recent stock market action, some investors may be betting that other royalty companies could eventually get swallowed up. In the three trading sessions following the Fairfax-Keg announcement on Monday morning, shares of Pizza Pizza Royalty Corp. (PZA) rose 2.3 per cent and units of Boston Pizza Royalties Income Fund (BPF.UN) gained 4.5 per cent. Both chains also released first-quarter results this week, with same-store sales rising 1.2 per cent at Pizza Pizza and 4.4 per cent at Boston Pizza.

Royalty funds are unusual in that they don’t own the restaurant chains themselves. Rather, they own the restaurant trademarks, which they license to the operating company in exchange for a royalty based on a percentage – typically 4 per cent to 9 per cent – of sales by restaurants in the “royalty pool.” That royalty income, in turn, funds cash distributions to shareholders.

The high yields of royalty stocks make them popular with retail investors. Keg Royalties and Pizza Pizza Royalty both yield more than 6 per cent, Boston Pizza Royalties yields more than 7 per cent, and SIR Royalty Income Fund (SRV.UN) – owner of the Jack Astor’s casual dining chain – yields about 9 per cent.

Although restaurant royalty funds share a similar structure, each has its own characteristics. Pizza Pizza Royalty, for example, is a corporation, not a fund like the other entities.

In the case of Boston Pizza, the “operating company has a single individual owner in Jim Treliving,” said Nick Corcoran, an analyst who covers Boston Pizza Royalties at Acumen Capital. “It would ultimately be up to Mr. Treliving to pursue a sale of the operating company or combination with the income fund.”

I wouldn’t invest in a royalty fund based solely on expectations of a buyout. It’s more prudent to consider the investment’s merits on their own and treat any potential transaction as a bonus. In other words, enjoy your main course of dividends, but don’t expect a free dessert.

In my tax-free savings account and registered retirement income fund, I have been holding some Brompton investment funds for 14 years. My Brompton Life & Banc Split Corp. Class A shares (LBS) show a negative book value of $3,547. My purchase cost was $32,135, and the current market value is $31,814. My annual yield is about 14 per cent. What would happen if I sold the fund in this negative book value situation? Would it reduce my gain?

The negative book value will not affect the proceeds you receive from selling your shares. Assuming you enter a market order to sell (as opposed to a limit order that specifies your asking price), the price will be determined by the bids available at the time.

Keep in mind that, because bid and ask prices are constantly changing, the price you receive may differ slightly from the price of the previous trade.

Nor will the negative book value have any tax consequences in your case. Because you hold the shares in a registered account, you will not face any taxes on capital gains or investment income.

The only time an investment’s book value – also known as adjusted cost base (ACB) – comes into play for tax purposes is when the securities are held in a non-registered account. In such cases, you would calculate your capital gain (or loss) by subtracting the book value from the sale proceeds.

Hypothetically speaking, say your shares were held in a non-registered account and you sold them for proceeds of $31,814. You would have a realized capital gain of $35,361 (calculated as $31,814 minus the ACB of negative $3,547, which is the same as adding $3,547).

You may be wondering where the negative book value came from. Well, if you own an investment that distributes return of capital (ROC), as LBS and many other high-yielding funds do, each ROC distribution must be subtracted from your ACB. (Evidently, your broker has been doing this for you.) If you receive enough ROC over the years, your book value can drop to zero.

In a non-registered account, once the ACB or book value hits zero, any subsequent ROC distributions are taxed in the same year as capital gains and are no longer deducted. So, in a non-registered account, the book value cannot technically drop below zero. But as you’ve discovered, in a registered account it can and does happen.

Disclosure: The author owns PZA, BPF.UN and KEG.UN personally.

E-mail your questions to jheinzl@globeandmail.com. I’m not able to respond personally to e-mails but I choose certain questions to answer in my column.

Barrick Is Now ‘B’ on the NYSE


Barrick Is Now ‘B’ on the NYSE – Toronto Stock Exchange News Today – EIN Presswire


















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TMX Group Equity Financing Statistics – April 2025

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Toronto Stock Exchange, TSX Venture Exchange

Toronto, Ontario–(Newsfile Corp. – May 9, 2025) – TMX Group today announced its financing activity on Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) for April 2025.

TSX welcomed 23 new issuers in April 2025, compared with 18 in the previous month and 24 in April 2024. The new listings were 22 exchange traded products and one mining company. Total financings raised in April 2025 increased 80% compared to the previous month, but were down 23% compared to April 2024. The total number of financings in April 2025 was 52, compared with 35 the previous month and 58 in April 2024.

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For additional data relating to the number of transactions billed for TSX, please click on the following link: https://www.tmx.com/resource/en/440.

There were two new issuers on TSXV in April 2025, compared with four in the previous month and one in April 2024. The new listings were one mining company and one oil & gas company. Total financings raised in April 2025 increased 150% compared to the previous month, and were up 181% compared to April 2024. There were 97 financings in April 2025, compared with 93 in the previous month and 92 in April 2024.

Toronto Stock Exchange

April 2025 March 2025 April 2024
Issuers Listed 1,880 1,869 1,803
New Issuers Listed 23 18 24
IPOs 22 18 23
Graduates from TSXV 1 0 1
Issues Listed 2,526 2,516 2,465
IPO Financings Raised $69,880,751 $26,437,600 $44,238,600
Secondary Financings Raised $1,175,619,193 $164,459,573 $1,576,579,354
Supplemental Financings Raised $1,384,700 $500,500,000 $0
Total Financings Raised $1,246,884,644 $691,397,173 $1,620,817,954
Total Number of Financings 52 35 58
Market Cap Listed Issues $5,049,052,534,067 $5,063,031,424,883 $4,342,659,750,407

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Year-to-date Statistics

2025 2024 % change
New Issuers Listed 90 48 +87.5
IPOs 74 42 +76.2
Graduates from TSXV 4 5 -20.0
IPO Financings Raised $418,719,451 $127,516,437 +228.4
Secondary Financings Raised $2,405,207,240 $4,787,249,230 -49.8
Supplemental Financings Raised $1,008,645,640 $34,114,500 +2,856.6
Total Financings Raised $3,832,572,331 $4,948,880,167 -22.6
Total Number of Financings 183 139 +31.7
Market Cap Listed Issues $5,049,052,534,067 $4,342,659,750,407 +16.3

TSX Venture Exchange**

April 2025 March 2025 April 2024
Issuers Listed 1,809 1,814 1,893
New Issuers Listed 2 4 1
IPOs 0 0 0
Graduates to TSX 1 0 1
Issues Listed 1,875 1,877 1,968
IPO Financings Raised $0 $0 $0
Secondary Financings Raised (1) $36,842,132 $27,074,822 $92,494,161
Supplemental Financings Raised $769,613,305 $296,041,278 $194,930,626
Total Financings Raised $806,455,437 $323,116,100 $287,424,787
Total Number of Financings 97 93 92
Market Cap Listed Issues $94,496,596,952 $92,379,221,722 $78,143,760,948

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Year-to-date Statistics

2025 2024 % Change
New Issuers Listed 10 18 -44.4
IPOs 2 7 -71.4
Graduates to TSX 4 5 -20.0
IPO Financings Raised $517,500 $2,426,100 -78.7
Secondary Financings Raised (1) $354,700,665 $226,328,063 +56.7
Supplemental Financings Raised $1,823,813,740 $1,023,744,391 +78.2
Total Financings Raised $2,179,031,905 $1,252,498,554 +74.0
Total Number of Financings 385 373 +3.2
Market Cap Listed Issues $94,496,596,952 $78,143,760,948 +20.9

**Includes NEX (not applicable to New Issuers Listed, IPOs and IPO Financings Raised)

(1) Secondary financings include prospectus offerings on both a treasury and secondary basis

The information contained in this media release is provided for informational purposes only and is not intended to provide investment, trading, financial or other advice. Comparative data has been updated to reflect known corrections.

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TMX Group welcomes the following companies that listed during April 2025:

Toronto Stock Exchange

Issuer Name Company Symbol
3iQ Solana Staking ETF SOLQ
Brompton Wellington Square AAA CLO ETF BAAA
CI Galaxy Solana ETF SOLX
Evolve Solana ETF SOLA
Global X Equal Weight Canadian REITs Index ETF REIT
Global X Equal Weight U.S. Banks Index ETF UBNK
Global X Equal Weight U.S. Groceries & Staples Index ETF UMRT
Global X Defence Tech Index ETF SHLD
Global X Equal Weight Global Healthcare Index ETF MEDX
Global X Equal Weight Canadian Telecommunications Covered Call ETF RNCC
Global X Enhanced Equal Weight Canadian Telecommunications Covered Call ETF RNCL
Global X Enhanced Gold Producer Equity Covered Call ETF GLCL
Hamilton Enhanced Mixed Asset ETF MIX
Harvest Low Volatility Canadian Equity ETF HVOL
Harvest Low Volatility Canadian Equity Income ETF HVOI
Invesco S&P/TSX 60 Equal Weight Index ETF EQLT
Montage Gold Corp. MAU
Purpose Solana ETF SOLL
RBC Canadian Ultra Short Term Bond ETF RUST
RBC Target 2031 Canadian Corporate Bond ETF RQT
RBC Target 2031 Canadian Government Bond ETF RGQT
RBC Target 2031 U.S. Corporate Bond ETF RUQT
TD All-Equity ETF Portfolio TEQT

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TSX Venture Exchange

Issuer Name Company Symbol
BluEnergies Ltd. BLU
GreenLight Metals Inc. GRL

About TMX Group (TSX: X)

TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group’s key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, TSX Trust, TMX Trayport, TMX Datalinx and TMX VettaFi, which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London, Singapore and Vienna. For more information about TMX Group, visit www.tmx.com. Follow TMX Group on X: @TMXGroup.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251416

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Sayward Capital signs definitive agreement with Technosteel Construction

 Gulf Network

Sayward Capital Corp., a capital pool company listed on the TSX Venture Exchange (TSXV), has announced the signing of a definitive share exchange agreement with Technosteel Construction, a leading structural steel firm based in the UAE. This milestone transaction represents a historic first for Canadian capital markets, marking the debut of a UAE-headquartered operating company on a Canadian stock exchange.

Signed on March 26, 2025, the agreement outlines the terms of Sayward’s Qualifying Transaction in accordance with TSXV Policy 2.4. Upon completion, the resulting issuer is expected to be named Technosteel Corp. The transaction will be accompanied by a private placement of up to US$4 million, which will be used to support Technosteel’s continued expansion, automation initiatives, and general working capital requirements.

Founded in 1992, Technosteel has established itself as a dominant force in structural steel fabrication and erection across the UAE and the broader Middle East. The company has delivered more than 86 major projects, including iconic developments such as the Princess Tower, the Ferrari and Maserati Showroom, and the Abu Dhabi Link Bridge.

With a monthly installation capacity of 2,000 tons and a workforce exceeding 1,200 employees, Technosteel serves an expansive clientele spanning governmental bodies, private developers, and multinational corporations.

“This is more than a transaction—it’s a transformation. We’re proud to take a homegrown UAE engineering leader to the global capital stage. The TSXV listing will accelerate our expansion plans, drive innovation in construction automation, and open new frontiers for investor and client engagement across Canada, the GCC, and beyond,” said Shyamrup Roy Choudhury, who will serve as CEO of the resulting issuer.

Dr. Ahmed Abdul Rahman Albanna, Co-Managing Director of Technosteel, added, “This milestone is not only a first for Technosteel, but for the UAE. For the first time in history, a UAE operating company will be listed on the Canadian stock exchange. It’s a moment of immense pride for our nation and testament to the maturity, credibility, and global ambition of UAE enterprises. We are honoured to carry that flag.”

Under the agreement, each Technosteel share will be exchanged for 711.11111 common shares of Sayward. The post-transaction leadership team will include Shyamrup Roy Choudhury as Chief Executive Officer and Director, Aaron Meckler as Chief Financial Officer, and board members Dr. Ahmed Abdul Rahman Albanna, Dana Ahmed Albanna, and Chittransh Verma.

Barrick Gold drops ‘Gold’ from name

Barrick Gold Corporation recently announced that it plans to change its name to Barrick Mining Corporation and from « Société aurifère Barrick » to « Société minière Barrick » in French, subject to shareholder approval at its upcoming Annual and Special Meeting of Shareholders on May 6, 2025.

In connection with its name change, the Company also plans to change its ticker symbol for the Barrick common shares listed on the New York Stock Exchange from ‘GOLD’ to ‘B’, to become effective at the start of trading on May 9, 2025.  The Barrick common shares will continue to trade under the ‘ABX’ ticker symbol on the Toronto Stock Exchange.  The new CUSIP number for the Barrick common shares effective at the start of trading on May 9, 2025 will be 06849F108.

“Barrick’s vision is to be the world’s most valued gold and copper exploration, development and mining company.  Along with our world-class portfolio of six Tier One gold mines, we are building a substantial copper business which will be a meaningful contributor to growing our production volumes in the coming years and beyond,” says Barrick president and chief executive Mark Bristow. “Barrick Mining Corporation and our new stock symbol, ‘B’, better reflect Barrick’s current business and our mission to achieve sustainable and profitable gold and copper growth.  Gold remains core to our foundation and we will continue to explore for and develop new gold mines, including the expansion of Pueblo Viejo, the exciting Fourmile gold project in Nevada and exemplified by the Reko Diq project with its world class mix of both copper and gold,” Bristow said.

Tristar Gold Announces An Up To $10 Million Best Efforts Private Placement Financing

(MENAFN– Newsfile Corp)
Toronto, Ontario–(Newsfile Corp. – May 8, 2025) – TriStar Gold Inc. (TSXV: TSG) (” TriStar ” or the “Company” ) is pleased to announce that it has entered into a letter agreement with Paradigm Capital Inc. (” Paradigm “) as lead agent and sole bookrunner, for and on behalf of a syndicate of agents (collectively, the ” Agents “), in connection with a proposed best efforts private placement financing (the ” Offering “) for total proceeds of up to $10 million, consisting of up to 62,500,000 units of the Company (the ” Units “) at a price of $0.16 per Unit. Each Unit will be comprised of one common share in the capital of the Company (a ” Unit Share “) and one-half of one common share purchase warrant of the Company (each whole warrant, a ” Warrant “). Each Warrant will be exercisable to acquire one additional common share in the capital of the Company (a ” Warrant Share “) for 24 months from the Closing Date (as defined below) at an exercise price of $0.25 per Warrant Share.

The Company will also grant the Agents an option (the ” Agents’ Option “) to sell up to that number of additional Units equal to 15% of the base Offering size, being 9,375,000 additional Units for additional gross proceeds of up to $1,500,000, exercisable, by notice in writing to the Company, at any time not less than 48 hours prior to the Closing Date.

The Agents will be paid by the Company on closing of the Offering a cash commission equal to 6% of the gross proceeds of the Offering, including on any exercise of the Agents’ Option.

The Agents will also receive on the Closing Date compensation options (the ” Compensation Options “) entitling the Agents to acquire that number of common shares equal to 6% of the number of Units issued pursuant to the Offering, including on any exercise of the Agents’ Option, at an exercise price of $0.16, exercisable for a period of 24 months following the Closing Date.

The net proceeds from the Offering will be used for exploration and development, and general working capital purposes.

The Offering will be conducted in all provinces and territories of Canada pursuant to private placement exemptions, in the United States pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended (the ” U.S. Securities Act “), and in such other jurisdictions as are agreed to by the Company and the Agents. The Offering is expected to close on or about May 29th, 2025 (the ” Closing Date “) and will be subject to regulatory approvals and customary closing conditions, including the listing of the Unit Shares and Warrant Shares on the TSX Venture Exchange (” TSXV “). All securities issued pursuant to the Offering will have a hold period of four months and one day.

The securities have not been, and will not be, registered under the U.S. Securities Act, or any U.S. state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with the requirements of an applicable exemption therefrom. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor may there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About TriStar Gold Inc.

TriStar Gold is an exploration and development company focused on precious metals properties in the Americas that have the potential to become significant producing mines. The Company’s current flagship property is the Castelo de Sonhos gold project in Pará State, Brazil. TriStar has completed a pre-feasibility study and is now working to advance the project towards a feasibility study while evaluating optimization options. The Company’s shares trade on the TSX Venture Exchange under the symbol TSG and on the OTCQB under the symbol TSGZF . Further information is available at .

On behalf of the board of directors of the Company:

Nick Appleyard
President and CEO

For further information, please contact:

TriStar Gold Inc.
Nick Appleyard
President and CEO
480-794-1244

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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Forward-Looking Statements

Certain statements contained in this press release may constitute forward-looking statements under Canadian securities legislation which are not historical facts and are made pursuant to the “safe harbour” provisions under the United States Private Securities Litigation Reform Act of 1995. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects” or “it is expected”, or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements in this press release include statements regarding the completion of the Offering. Such forward-looking statements are based upon the Company’s reasonable expectations and business plan at the date hereof, which are subject to change depending on economic, political and competitive circumstances and contingencies. Readers are cautioned that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause a change in such assumptions and the actual outcomes and estimates to be materially different from those estimated or anticipated future results, achievements or position expressed or implied by those forward-looking statements. Risks, uncertainties and other factors that could cause the Company’s plans to change include changes in the state of the equity financing markets in Canada and other jurisdictions; the receipt of regulatory approvals; in demand for and price of gold and other commodities (such as fuel and electricity) and currencies; changes or disruptions in the securities markets; legislative, political or economic developments in Brazil; the need to obtain permits and comply with laws and regulations and other regulatory requirements; the possibility that actual results of work may differ from projections/expectations or may not realize the perceived potential of the Company’s projects; risks of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in development programs; operating or technical difficulties in connection with exploration, mining or development activities; the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of reserves and resources; and the risks involved in the exploration, development and mining business. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. 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 applicable securities laws.

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES



To view the source version of this press release, please visit

SOURCE: TriStar Gold Inc.

MENAFN09052025004218003983ID1109527389

Olympia Financial Group Inc. Announces First Quarter 2025 Results

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Calgary, Alberta–(Newsfile Corp. – May 8, 2025) – Olympia Financial Group Inc. (TSX: OLY) (“Olympia”) today announces its operating and financial results for the period ended March 31, 2025.

Results from operations for the three months ended March 31, 2025, include the following (compared to operations for the three months ended March 31, 2024):

  • Total net earnings and comprehensive income decreased 6% to $5.40 million from $5.74 million.
  • Total revenue decreased by less than 1% to $25.39 million from $25.46 million.
  • Service revenue increased 1% to $12.04 million from $11.87 million mainly due to an increase in monthly and transaction fees related to a growing client base.
  • Trust, interest, and other income decreased 2% to $13.35 million from $13.59 million mainly due to a decrease in interest rates on trust fund placements made over the previous 12 months.
  • Direct and administrative expenses (excluding depreciation and amortization) increased 1% to $17.17 million from $16.99 million mainly due to an increase in computer support and maintenance expenses within general administrative expenses.
  • Basic and diluted earnings per share attributable to shareholders of Olympia decreased 6% to $2.24 per share from $2.39 per share.

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The unaudited condensed interim financial statements and notes, as well as management’s discussion and analysis, are now available on SEDAR (www.sedarplus.ca). Both historical and current information on Olympia’s stock, financials, press releases, governance, and more can now be found at ir.olympiafinancial.com.

About Olympia Financial Group Inc.

Olympia conducts most of its operations through its subsidiary Olympia Trust Company, a non-deposit taking trust company. Olympia Trust Company is licensed to conduct trust activities in Alberta, British Columbia, Saskatchewan, Manitoba, Quebec, Newfoundland and Labrador, Prince Edward Island, New Brunswick, and Nova Scotia. Olympia Trust Company administers self-directed registered plan accounts, corporate trust, and transfer agency services. Olympia also provides currency exchange and global payment services through its subsidiary Olympia Currency and Global Payments Inc., and offers private health services plans and information technology services to exempt market dealers, registrants, and issuers through its subsidiary Olympia Benefits Inc.

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Olympia’s common shares are listed on the Toronto Stock Exchange under the symbol “OLY”.

For further information, please contact:

Statements Regarding Forward Looking Information

Certain portions of this press release as well as other public statements by Olympia contain “forward-looking information” within the meaning of applicable Canadian securities legislation, which is also referred to as “forward-looking statements”, which may not be based on historical fact. Wherever possible, words such as “will”, “plans,” “expects,” “targets,” “continue”, “estimates,” “scheduled,” “anticipates,” “believes,” “intends,” “may,” and similar expressions or statements that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved, have been used to identify forward-looking information. Forward-looking statements contained in Olympia’s public disclosure include, without limitation, Olympia’s earnings expectations, fee income, expense levels, general economic, political and market factors in North America and internationally, interest and foreign exchange rates, global equity and capital markets, business competition, technological change, changes in government regulations, unexpected judicial or regulatory proceedings, catastrophic events, and Olympia’s ability to complete strategic transactions and other factors. In addition, this news release contains forward-looking statements relating to the monthly dividend payments to holders of Olympia common shares.

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All material assumptions used in making forward-looking statements are based on management’s knowledge of current business conditions and expectations of future business conditions and trends, including their knowledge of the current interest rate and liquidity conditions affecting Olympia and the Canadian economy. Certain material factors or assumptions are applied by Olympia in making forward-looking statements, including without limitation, factors and assumptions regarding interest and foreign exchange rates, availability of key personnel, the effect of competition, government regulation of its business, computer failure or security breaches, future capital requirements, acceptance of its products in the marketplace, its operating cost structure, the current tax regime and the ability of Olympia to obtain necessary third-party and governmental approvals, as applicable.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251392

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