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Trusted News Since 1995
A service for global professionals
·
Thursday, June 5, 2025
·
819,413,076
Articles
·
3+ Million Readers
Trusted News Since 1995
A service for global professionals
·
Thursday, June 5, 2025
·
819,413,076
Articles
·
3+ Million Readers
Calgary, Alberta–(Newsfile Corp. – June 4, 2025) – Olympia Financial Group Inc. (TSX: OLY) announces that its Board of Directors has declared a monthly cash dividend on its common shares of $0.60 per common share. The dividend will be payable on June 30, 2025, to shareholders on record as at June 19, 2025. The ex-dividend date is also June 19, 2025.
Olympia Financial Group Inc. designates the entire amount of this taxable dividend to be an “eligible dividend” for purposes of the Income Tax Act (Canada), as amended from time to time. Please contact your tax advisor if you have any questions with regards to the designation of the eligible dividend.
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About Olympia Financial Group Inc.
Olympia Financial Group Inc. (“OFGI”) 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. OFGI 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.
OFGI’s common shares are listed on the Toronto Stock Exchange under the symbol “OLY”.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/254536
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(MENAFN– Newsfile Corp)
Vancouver, British Columbia–(Newsfile Corp. – June 4, 2025) – Pacific Ridge Exploration Ltd. (TSXV: PEX) (OTCQB: PEXZF) (FSE: PQW) (“Pacific Ridge” or the “Company”) is pleased to announce that it has closed the second and final tranche of its non-brokered private placement (the “Offering”) raising a total of $3,064,988.91.
Proceeds from the Offering will be used for a follow up drill program at the Company’s 100% owned RDP copper-gold project (“RDP”) and for general working capital. Drill hole RDP 22-005 returned 107.2 m of 1.39% copper equivalent* (“CuEq”) or 2.06 g/t gold equivalent**(“AuEq”) (0.63% copper, 1.10 g/t gold, and 2.91 g/t silver) within 497.2 m of 0.66% CuEq* or 0.97 g/t AuEq** (0.37% copper, 0.40 g/t gold, and 1.60 g/t silver)(see news release dated October 25, 2022). RDP is located at the southern end of the Toodoggone District in northcentral British Columbia, approximately 40 km west of the Company’s flagship Kliyul copper-gold project (see Figure 1).
“We would like to thank everyone that participated in the Offering,” said Blaine Monaghan, President & CEO of Pacific Ridge. “We are excited to go back to RDP and follow up on drill hole RDP 22-005, which returned one of B.C.’s highest-grade porphyry copper-gold intervals in 2022.”
Figure 1
Location of RDP and Pacific Ridge’s Other Copper-Gold Porphyry Projects
To view an enhanced version of this graphic, please visit:
In this second tranche, the Company issued 15,184,494 units (“Units”) at a price of $0.14 per Unit for gross proceeds of $2,125,829.16 and 3,561,292 critical mineral flow-through units (“FT Units”) at a price of $0.17 per FT Unit for gross proceeds of $605,419.64. In the first tranche (see news release dated March 28, 2025), the Company issued 1,632,430 Units for gross proceeds of $228,540.20 and 618,823 FT Units for gross proceeds of $105,199.91.
Each Unit is comprised of one common share of the Company and one common share purchase warrant (“Warrant”). Each FT Unit is comprised of one common share of the Company issued as a “flow-through share” within the meaning of the Income Tax Act (Canada) (each, a “FT Share”) and one Warrant. Proceeds from the sale of the FT Units will be used for “Canadian critical minerals exploration expenses” at Pacific Ridge’s B.C. projects. These expenditures will qualify as “critical mineral flow-through mining expenditures” within the meaning of the Income Tax Act (Canada).
In this second tranche of the Offering, each Warrant is exercisable to purchase one additional non-flow-through common share at an exercise price of $0.20 on or before June 4, 2028. The securities are subject to a hold period ending on October 5, 2025. The Company paid finder’s fees totalling $55,572.26 and issued 373,872 finder warrants in connection with the second tranche of the Offering. Each finder warrant is exercisable to purchase one common share at an exercise price of $0.20 on or before June 4, 2028. The Offering and payment of finder’s fees are subject to TSX Venture Exchange acceptance.
An insider of the Company subscribed for an aggregate 100,000 FT Units in this tranche of the Offering. Such participation is considered to be a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101”). The Company is relying on the exemptions from the 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, as the fair market value of the participation in the Offering by the insiders does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. 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 or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Pacific Ridge
Our goal is to become B.C.’s leading copper exploration company. Pacific Ridge’s flagship asset is its 100% owned Kliyul copper-gold project, located in the Quesnel terrane close to existing infrastructure. In addition to Kliyul, the Company’s project portfolio includes the RDP copper-gold project, the Chuchi copper-gold project, the Onjo copper-gold project, and the Redton copper-gold project, all located in British Columbia. Pacific Ridge would like to acknowledge that its B.C. projects are located in the traditional, ancestral and unceded territories of the Gitxsan Nation, McLeod Lake Indian Band, Nak’azdli Whut’en, Takla Nation, and Tsay Keh Dene Nation.
On behalf of the Board of Directors,
“Blaine Monaghan”
Blaine Monaghan
President & CEO
Pacific Ridge Exploration Ltd.
Investor Relations:
Tel: (604) 687-4951
Email: …
Website:
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*CuEq = ((Cu%) x $Cu x 22.0462) + (Au(g/t) x AuR/CuR x $Au x 0.032151) + (Ag(g/t) x AgR/CuR x $Ag x 0.032151)) / ($Cu x 22.0462).
**AuEq = ((Au(g/t) x $Au x 0.032151) + ((Cu%) x CuR/AuR x $Cu x 22.0462) + (Ag(g/t) x AgR/CuR x $Ag x 0.032151)) / ($Au x 0.032151).
Commodity prices: $Cu = US$3.25/lb, $Au = US$1,800/oz., and Ag = US$20.00/oz.
There has been no metallurgical testing on RDP mineralization.
The Company estimates copper recoveries (CuR) of 84%, gold recoveries (AuR) of 70%, and silver recoveries (AgR) of 65% based on average recoveries from Kemess Underground, Mount Milligan, and Red Chris.
Factors: 22.0462 = Cu% to lbs per tonne, 0.032151 = Au g/t to troy oz per tonne, and 0.032151 = Ag g/t to troy oz per tonne.
The technical information contained within this News Release has been prepared under the supervision of, and reviewed and approved by. Danette Schwab, P.Geo., Vice President Exploration of the Company, and a Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
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.
Forward-Looking Information: This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, are forward-looking statements. Forward looking statements in this news release include plans to drill RDP. Although Pacific Ridge believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions; that at least one of the options will be exercised; that Pacific Ridge and other parties will be able to satisfy stock exchange and other regulatory requirements in a timely manner; that TSXV approval will be granted in a timely manner subject only to standard conditions; that all conditions precedent to the Agreements will be satisfied in a timely manner; the availability of financing for Pacific Ridge’s proposed programs on reasonable terms, and the ability of third party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Pacific Ridge does not assume any obligation to update or revise its forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law.
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
To view the source version of this press release, please visit
SOURCE: Pacific Ridge Exploration Ltd.
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The prestigious award is based entirely on what current employees say about their experience working at HPS across all Canada, USA, Mexico and India locations.
Great Place To Work® is the global authority on workplace culture, employee experience, and the leadership behaviors proven to deliver market-leading revenue, employee retention and increased innovation.
GUELPH, ON (June 4, 2025) — Hammond Power Solutions (HPS), a leader in dry-type transformers and power quality solutions, is proud to be Certified™ by Great Place to Work® for the second consecutive year. The prestigious award is based entirely on what current employees say about their experience working at HPS across all Canada, USA, Mexico and India locations.
Great Place To Work® is the global authority on workplace culture, employee experience, and the leadership behaviors proven to deliver market-leading revenue, employee retention and increased innovation.
“Earning this certification for a second time is a testament to our collective success,” said Adrian Thomas, Chief Executive Officer. “At HPS, we truly win together. Our inclusive, collaborative culture across all locations empowers every team member to contribute their best, and that shared commitment to excellence creates real results for our customers and communities.”
“Achieving this certification two years in a row demonstrates our unwavering commitment to our team members,” stated Catherine McKeown, Chief People Officer. “We continue to build on our foundation of putting people first, fostering a culture where employees feel valued, supported, and empowered to grow their careers. This commitment to our people remains a cornerstone of what makes HPS an exceptional place to work.”
According to Great Place To Work research, job seekers are 4.5 times more likely to find a great boss at a Certified great workplace. Additionally, employees at Certified workplaces are 93% more likely to look forward to coming to work, and are twice as likely to be paid fairly, earn a fair share of the company’s profits and have a fair chance at promotion.
ABOUT HAMMOND POWER SOLUTIONS INC.
Hammond Power Solutions Inc. (“HPS” or the “Company”) enables electrification through its broad range of dry-type transformers, power quality products and related magnetics. HPS’ standard and custom-designed products are essential and ubiquitous in electrical distribution networks through an extensive range of end-user applications. The Company has manufacturing plants in Canada, the United States (U.S.), Mexico and India and sells its products around the globe. HPS shares are listed on the Toronto Stock Exchange and trade under the symbol HPS.A.
Hammond Power Solutions – Energizing Our World
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Canada’s main stock index struggled for direction on Wednesday, as investors remained cautious on U.S. tariff negotiations with trading partners and assessed the Bank of Canada’s decision to maintain the interest rate.
The Toronto Stock Exchange’s S&P/TSX composite index was flat at 26,426.98 points. The index notched a record peak in the previous two sessions.
The U.S. doubled tariffs on imported steel and aluminum on Wednesday, the same day as the deadline for Washington’s trading partners to make their best offers to avoid hefty “Liberation Day” tariffs from taking effect in July.
Europe’s top trade negotiator said that trade talks between the European Union and the U.S. are going in the right direction.
Also on Wednesday, Trump called China’s Xi Jinping “extremely hard to make a deal with”, pointing to frictions after the White House raised expectations for a long-awaited phone call between the two leaders this week.
Meanwhile, the Bank of Canada held its key benchmark rate at 2.75%, citing the need to assess the effects of U.S. trade policy, but indicated another cut might be necessary if tariffs weaken the economy.
“The market has become a little insensitive to all the trade headlines until we have something more concrete”, said Angelo Kourkafas, senior global investment strategist at Edward Jones.
“The market is choosing to focus again on the fundamental factors…there’s been a lot of reversals in these news headlines, while at the same time economic data have continued to come in pretty strong, which has allowed the markets to look a little bit past those headlines.”
Data showed Canada’s services economy downturn eased in May, as firms grew more hopeful that trade and political uncertainty would become less of a drag on activity over the coming 12 months.
Canadian labor productivity rose by 0.2% in the first quarter.
On TSX, metal miners’ shares gained 0.7% tracking higher gold prices, while the healthcare subindex gained 0.6%.
International Resources Holding (IRH), a unit of International Holding Company (IHC), has entered into a definitive agreement to buy a majority stake in the Democratic Republic of Congo’s tin producer Alphamin Resources for $367 million as the Abu Dhabi-based company continues to expand its presence in Africa.
As part of the agreement, IRH, through a wholly owned subsidiary, is buying a 56 per cent stake in Alphamin from Tremont Master Holdings, paying C$0.70 per share, or about $367 million, the two companies said in a statement on Wednesday.
Alphamin, which is listed on Canada’s TSX Venture Exchange and the Johannesburg Stock Exchange, is one of the world’s largest producers of tin that is used in electronics, manufacturing, and industrial applications.
“This acquisition strengthens IRH’s position in the global industrial metals sector, adding a majority interest in a highly productive and strategically important tin asset to its portfolio,” the companies said.
IRH is part of 2PointZero, which was set up by IHC last year, with more than Dh100 billion ($27.2 billion) in assets.
The company has been expanding its operations globally, with a focus on energy transition minerals and resources such as copper, cobalt, nickel, lithium, 3T (tin, tantalum and tungsten), manganese and graphite.
Last year, IRH completed the acquisition of Mopani Copper Mines in Zambia, to expand its operations in the mining sector, for $1.1 billion. It also signed a joint venture agreement for mineral exploration ion Balochistan province of Pakistan in March.
Its other agreements include a collaboration with South Africa’s Public Investment Corporation, with a focus on unlocking value across the mining, green energy and transport and logistics sectors.
“Alphamin’s strong production profile aligns with our strategy of securing interests in high-quality mining assets with long-term growth potential,” Ali Alrashdi, chief executive of IRH, said.
IHC, the largest listed company in the UAE, is on an acquisition spree. The conglomerate aims to double its asset base to Dh800 billion and hit the Dh200 billion annual revenue mark by the end of the decade, its chief executive Syed Basar Shueb told The National in an interview last month.
The UAE, the Arab world’s second-largest economy, accounts for 60 per cent of IHC’s Dh416.5 billion asset base as of the first quarter this year, while the rest is spread across the region and the markets beyond.
Galaxy aside, the trend has been waning, according to data from TMX Group Ltd., which operates Canada’s largest stock exchanges. Since 2021, the total number of Toronto Stock Exchange-listed companies with a dual listing in the U.S. has fallen by roughly 16 per cent, from 202 companies to 169, the data shows.
