Trusted News Since 1995
A service for global professionals
·
Thursday, January 2, 2025
·
773,656,624
Articles
·
3+ Million Readers
(MENAFN– Baystreet)
Canadian cloud computing firm Softchoice Corp. (SFTC) is being acquired by privately held U.S.-based World Wide technology in an all-cash deal valued at $1.8 billion ($1.3 billion U.S.).
Softchoice said in a news release that the deal values it at $24.50 per share. The agreement also comes with a $49 million termination fee.
Softchoice, which specializes in cloud-computing, will delist from the Toronto stock exchange once the deal is finalized in the first half of this year.
Softchoice went public in May 2021 at $20 per share. After running up to $40 a share in August of that year, the stock plunged nearly 65% to trade around $14.50 a share.
The company’s share price rose 13% on news of the deal and is now trading right around its acquisition price of $24.50.
World Wide Technology is a private company and its stock does not trade on a public exchange.
MENAFN02012025000212011056ID1109049568
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
Technology solutions and services provider World Wide Technology (WWT) has signed an agreement to acquire all issued and outstanding common shares of Canada-based Softchoice for C$1.8bn ($1.25bn).
The all-cash deal will be executed through a WWT affiliate, valuing Softchoice at C$24.5 per share.
Birch Hill Equity Partners, directors and senior officers of Softchoice, holding about 51.3% of the outstanding shares, have entered into voting support agreements.
The board of directors has unanimously approved the deal.
Subject to regulatory approvals and customary closing conditions, the transaction is expected to close in late Q1 or early Q2 2025.
Following the deal closing, Softchoice shares will be delisted from the Toronto Stock Exchange (TSX), and the company will cease to be a reporting issuer in all applicable Canadian jurisdictions.
Access the most comprehensive Company Profiles
on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Company Profile – free
sample
Your download email will arrive shortly
We are confident about the
unique
quality of our Company Profiles. However, we want you to make the most
beneficial
decision for your business, so we offer a free sample that you can download by
submitting the below form
By GlobalData
Generating about $20bn in annual revenue, St. Louis, Missouri-based WWT assists enterprises in moving applications to the cloud, deploying artificial intelligence models, and executing other IT projects.
It also builds small-scale test data centres for customers to evaluate new technologies.
Softchoice, generating revenue from cloud, digital workplace, and software management projects, helps companies move on-premises applications to infrastructure-as-a-service platforms.
Its Software & Cloud revenue segment accounts for more than two-thirds of its revenue.
The company also assists enterprises in adopting productivity-enhancing technologies and managing software licenses.
Softchoice reported gross sales of C$628.6m last quarter, marking a 20.3% increase over the same period a year ago.
The company serves more than 5,000 organisations, primarily small and midsize businesses with up to C$10m in annual revenue.
Softchoice president and CEO Andrew Caprara said: “We are excited to join WWT. Its scale and global reach, customer base of large organisations, and industry leading infrastructure solutions are a perfect complement to our software and cloud focused solutions, our Canadian presence, and our strength in the North American mid-market.
“I believe WWT is the ideal partner for our customers and employees and I’m excited about our future as a combined firm.”
TORONTO — The parent company of EQ Bank says it has filed notice of its intention to renew its stock buyback plan.
EQB Inc. says it has also received approval of the plan from the Toronto Stock Exchange, which allows it to repurchase up to 2.3 million of its common shares for the purpose of cancellation.
It says this represents approximately 8.4 per cent of the 27.3 million such shares in public hands.
EQB’s normal course issuer bid will run until Jan. 5 of next year.
Companies routinely conduct share buyback programs as a way to return capital to shareholders and to try to boost share price.
There were 38.4 million issued and outstanding common shares of the company as of Dec. 23.
This report by The Canadian Press was first published Jan. 2, 2025.
Companies in this story: (TSX:EQB)
The Canadian Press
MONTRÉAL–(BUSINESS WIRE)–Jan 2, 2025–
Nouveau Monde Graphite Inc. (“NMG” or the “Company”) ( NYSE: NMG, TSX.V: NOU ) announces the payment of accrued interests as part of a previously announced private placement.
Settlement of Accrued Interests
Upon the approval of the TSX Venture Exchange and the New York Stock Exchange (the “Exchanges”), the accrued interests owed to Investissement Québec (“Holder”) for the fourth quarter of 2024 under the unsecured convertible note, as amended and restated, (the “Note”) issued in connection with the private placement announced by press release dated November 8, 2022, will be deemed paid.
193,072 common shares at a price of US$1.58 (each, a “Common Share”) representing an aggregate amount of US$305,054 will be issued and share certificates will be delivered to the Holder at the maturity, conversion or redemption of the Note in payment of the accrued interests due on December 31, 2024, for the fourth quarter of the year. The issuance of Common Shares is subject to the approval of the Exchanges and, when issued, will be subject to a hold period of four (4) months and one day.
About Nouveau Monde Graphite
Nouveau Monde Graphite is an integrated company developing responsible mining and advanced manufacturing operations to supply the global economy with carbon-neutral active anode material to power EV and renewable energy storage systems. The Company is developing a fully integrated ore-to-battery-material source of graphite-based active anode material in Québec, Canada. With enviable ESG standards and structuring partnerships with anchor customers, NMG is set to become a strategic supplier to the world’s leading lithium-ion battery and EV manufacturers, providing high-performing and reliable advanced materials while promoting sustainability and supply chain traceability. www.NMG.com
Subscribe to our news feed: https://bit.ly/3UDrY3X
CautionaryNoteRegardingForward-LookingInformation
All statements, other than statements of historical fact, contained in this press release including, but not limited to those describing the potential conversion of the Notes, the issuance of the Common Shares and those statements which are discussed under the “About Nouveau Monde Graphite” paragraph and elsewhere in the press release which essentially describe the Company’s outlook and objectives, constitute “forward- looking information” or “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of Canadian and United States securities laws, and are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Moreover, these forward-looking statements were based upon various underlying factors and assumptions, including the current technological trends, the business relationship between the Company and its stakeholders, the ability to operate in a safe and effective manner, the timely delivery and installation of the equipment supporting the production, the Company’s business prospects and opportunities and estimates of the operational performance of the equipment, and are not guarantees of future performance.
Forward-looking statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Risk factors that could cause actual results or events to differ materially from current expectations include, among others, delays in the scheduled delivery times of the equipment, the ability of the Company to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits, the availability of financing or financing on favorable terms for the Company, the dependence on commodity prices, the impact of inflation on costs, the risks of obtaining the necessary permits, the operating performance of the Company’s assets and businesses, competitive factors in the graphite mining and production industry, changes in laws and regulations affecting the Company’s businesses, political and social acceptability risk, environmental regulation risk, currency and exchange rate risk, technological developments, the impacts of the global COVID-19 pandemic and the governments’ responses thereto, and general economic conditions, as well as earnings, capital expenditure, cash flow and capital structure risks and general business risks. A further description of risks and uncertainties can be found in NMG’s Annual Information Form dated March 27, 2024, including in the section thereof captioned “Risk Factors”, which is available on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. Unpredictable or unknown factors not discussed in this Cautionary Note could also have material adverse effects on forward-looking statements.
Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.
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.
Further information regarding the Company is available in the SEDAR+ database (www.sedarplus.ca), and for United States readers on EDGAR (www.sec.gov), and on the Company’s website at: www.NMG.com
View source version on businesswire.com:https://www.businesswire.com/news/home/20250102478283/en/
CONTACT: MEDIA
Julie Paquet
VP Communications & ESG Strategy
+1-450-757-8905 #140
Marc Jasmin
Director, Investor Relations
+1-450-757-8905 #993
KEYWORD: NORTH AMERICA CANADA
INDUSTRY KEYWORD: AUTOMOTIVE MANUFACTURING EV/ELECTRIC VEHICLES AUTOMOTIVE TECHNOLOGY MANUFACTURING MINING/MINERALS BATTERIES NATURAL RESOURCES ALTERNATIVE VEHICLES/FUELS ALTERNATIVE ENERGY ENERGY
SOURCE: Nouveau Monde Graphite Inc.
Copyright Business Wire 2025.
PUB: 01/02/2025 07:00 AM/DISC: 01/02/2025 07:01 AM
Trusted News Since 1995
A service for global professionals
·
Thursday, January 2, 2025
·
773,656,643
Articles
·
3+ Million Readers
Trusted News Since 1995
A service for global professionals
·
Thursday, January 2, 2025
·
773,516,659
Articles
·
3+ Million Readers
Trusted News Since 1995
A service for global professionals
·
Thursday, January 2, 2025
·
773,470,710
Articles
·
3+ Million Readers
Author of the article:
Published Jan 02, 2025 • 3 minute read
Directorate and Management Changes
Article content
Article content
Serabi Gold plc (“Serabi” or the “Company”) (AIM: SRB, TSX: SBI, OTCQX : SRBIF), confirms that as announced on 20 August 2024, Clive Line, Finance Director of Serabi, has retired and consequently stood down from his role with Serabi and as a Director of the Company with effect from 31 December 2024.
The Board is pleased to confirm the appointment of Colm Howlin, who was previously Group Controller of Serabi, to the role of Chief Financial Officer (“CFO”) of the Company to succeed Clive Line. Colm Howlin, is a member of the Institute of Chartered Accountants of Ireland, has been with the Company since 2013, and is fluent in Portuguese.
Advertisement 2
Story continues below
Article content
The Company also is pleased to announce the appointment of Marcus Brewster to the newly created role of Chief Operating Officer (“COO”). Marcus Brewster brings with him significant experience and expertise in both underground and surface mining operations, as well as advancing projects from the latter stages of construction through to full operations. For the last two years, Marcus Brewster was COO of TriStar Gold Inc which is developing the Castelo do Sonhos Project in the State of Pará, Brazil. Prior to that, Marcus Brewster held General Manager roles with Troy Resources in Brazil, Gold Fields, in Ghana, Endeavour Mining in both Mali and Burkina Faso and also served as COO for Hummingbird Resources Plc. Marcus Brewster holds an MSc in Mining Geology and an MSc in Mining Engineering, both from the Camborne School of Mines, and is also fluent in Portuguese.
Neither Mr Howlin nor Mr Brewster are being appointed to the Board of Directors of the Company.
Michael Hodgson, CEO of Serabi, commented:
“Clive will be much missed by all at Serabi. It has a been a pleasure to work alongside him and I would like to thank him for his very significant contributions to the business during his tenure. Having been with the Company for over 11 years, Colm Howlin is well qualified to take over as the Company’s CFO and to maintain the necessary level of financial discipline over our operations. I am also very pleased to welcome Marcus Brewster to the management team. Having worked with Troy Resources and TriStar Gold, Marcus brings significant experience of operating in Pará. As we seek to grow the production base and aim to develop other opportunities, Marcus will play a crucial role in the on-going success of Serabi.”
Top Stories
Article content
Advertisement 3
Story continues below
Article content
Clive Line has agreed with the Board to remain available to assist the Company as required for a period of up to a further six months.
About Serabi Gold plc
Serabi Gold plc is a gold exploration, development and production company focused on the prolific Tapajós region in Pará State, northern Brazil. The Company has consistently produced 30,000 to 40,000 ounces per year with the Palito Complex and is planning to double production in the coming years with the construction of the Coringa Gold project. Serabi Gold plc recently made a copper-gold porphyry discovery on its extensive exploration licence. The Company is headquartered in the United Kingdom with a secondary office in Toronto, Ontario, Canada.
Enquiries
SERABI GOLD plc
Michael Hodgson t +44 (0)20 7246 6830
Chief Executive m +44 (0)7799 473621
Andrew Khov m +1 647 885 4874
Vice President, Investor Relations &
Business Development
e contact@serabigold.com
BEAUMONT CORNISH Limited
Nominated Adviser & Financial Adviser
Roland Cornish / Michael Cornish t +44 (0)20 7628 3396
PEEL HUNT LLP
Joint UK Broker
Ross Allister t +44 (0)20 7418 9000
Advertisement 4
Story continues below
Article content
TAMESIS PARTNERS LLP
Joint UK Broker
Charlie Bendon/ Richard Greenfield t +44 (0)20 3882 2868
CAMARCO
Financial PR – Europe
Gordon Poole / Emily Hall t +44 (0)20 3757 4980
HARBOR ACCESS
Financial PR – North America
Jonathan Patterson / Lisa Micali t +1 475 477 9404
Copies of this announcement are available from the Company’s website at www.serabigold.com.
See www.serabigold.com for more information and follow us on twitter @Serabi_Gold
Notice
Beaumont Cornish Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting as nominated adviser to the Company in relation to the matters referred herein. Beaumont Cornish Limited is acting exclusively for the Company and for no one else in relation to the matters described in this announcement and is not advising any other person and accordingly will not be responsible to anyone other than the Company for providing the protections afforded to clients of Beaumont Cornish Limited, or for providing advice in relation to the contents of this announcement or any matter referred to in it.
Neither the Toronto Stock Exchange, nor any other securities regulatory authority, has approved or disapproved of the contents of this news release
Article content
Author of the article:
Published Dec 31, 2024 • 7 minute read
TORONTO — Flow Beverage Corp. (TSX:FLOW; OTCQX:FLWBF) (“Flow” or the “Company”) today announced the closing of the first tranche of a non-brokered private placement offering (the “Private Placement“) of unsecured convertible debenture units of the Company (collectively, the “Convertible Debenture Units“), in which it issued and sold 172.992 Convertible Debenture Units at a price of CDN$10,000 per Convertible Debenture Unit for gross proceeds of CDN$1.73 million. The Company intends to close the balance of the Private Placement for total gross proceeds of up to CDN$7,000,000 (including the first tranche) in one or more additional tranches on such date(s) as may be determined by the Company.
Advertisement 2
Story continues below
Article content
Article content
Article content
Each Convertible Debenture Unit was comprised of: (i) one 12% unsecured convertible debenture (each, a “Convertible Debenture“) in the principal amount of CDN$10,000 convertible into subordinate voting shares of the Company (the “SVS” and each such SVS, a “Conversion SVS“) at a conversion price of $0.41 per Conversion SVS (the “Conversion Price”); and (ii) 4,878 SVS purchase warrants (each, a “Warrant“) each of which entitles the holder thereof to purchase one SVS (each, a “Warrant SVS“) at a price of $0.41 per Warrant SVS for a period of three years. The Company issued 843,855 Warrants in the closing of the first tranche of the Private Placement.
The Convertible Debentures will mature three years from their date of issue (the “Maturity Date“) and bear interest (“Interest“) at a rate of 12% per annum, accruing from their date of issue and compounding annually, and payable in cash on the Maturity Date. The principal amount of the Convertible Debentures will not be repaid in cash and will be repaid on the Maturity Date by the Company issuing a number of Conversion SVS equal to the sum of the aggregate outstanding principal amount of the Convertible Debentures divided by the Conversion Price. The Company has an option but not an obligation to repay the principal amount of the Convertible Debentures in cash.
Beginning on the date that is six months from the issuance of the Convertible Debentures, the principal amount of the Convertible Debentures may be converted into Conversion SVS, in whole or in part, at the option of the holders of the Convertible Debentures at the Conversion Price. Holders converting their Convertible Debentures will receive accrued and unpaid interest on the principal amount of the Convertible Debentures converted for the period from and including the date of issue to, but excluding, the date of conversion, with such interest being accrued and compounded annually and paid on the Maturity Date.
Beginning on the date that is six months from the issuance of the Convertible Debentures, the Company may force the conversion of all of the outstanding principal amount of the Convertible Debentures at the Conversion Price if the daily volume weighted average trading price of the SVS on the Toronto Stock Exchange (the “TSX”) exceeds $0.85 for at least five consecutive trading days (the “Mandatory Conversion”). Upon Mandatory Conversion, holders of the Convertible Debentures will receive accrued and unpaid interest on the principal amount of the Convertible Debentures converted for the period from and including the date of issue to, but excluding, the date of the Mandatory Conversion, with such interest being accrued and compounded annually and paid on the Maturity Date.
Top Stories
Article content
Advertisement 3
Story continues below
Article content
Provided that no event of default has occurred under the Convertible Debentures which is continuing, the Company has the right to redeem the whole or any portion of the outstanding principal amount of the Convertible Debentures without any premium or penalty at a redemption price equal to the outstanding principal amount under the Convertible Debentures, together with interest on the principal amount so redeemed accrued and unpaid to the date fixed for redemption.
The Warrants include a mandatory exercise provision whereby, if at any time following the date that is six months from the issuance of the Warrants and prior to the expiry date of the Warrants, the closing trading price of the SVS exceeds $0.85 for five consecutive trading days on the TSX, the Company may force the exercise of all the then unexercised Warrants and require the holders of the Warrants to exercise their Warrants in whole.
The Convertible Debentures, the Warrants, the Conversion SVS and the Warrant SVS are subject to a statutory hold period of four months and one day from the date of issuance of the Convertible Debenture Units ending on May 1, 2025.
The proceeds of the Private Placement will be used for working capital and general corporate purposes. The Private Placement remains subject to final approval by the TSX.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the “1933 Act“) and may not be offered or sold to, or for the account or benefit of, persons in the United States or “U.S. persons” (as such term is defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements of the 1933 Act and any applicable state securities laws.
The TSX does not accept responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved the contents of this press release.
About Flow
Flow is one of the fastest-growing premium water companies in North America. Founded in 2014, Flow’s mission since day one has been to reduce environmental impacts by providing sustainably sourced natural mineral spring water in the most sustainable product formats. Today, the brand is B-Corp Certified with a best-in-class score of 126.5, offering a diversified line of health and wellness-oriented beverage products: original mineral spring water, award-winning organic flavours and sparkling mineral spring water in sizes ranging from 300-ml to 1-litre. All products contain naturally occurring electrolytes and essential minerals and support Flow’s overarching purpose to “bring wellness to the world through the positive power of water.” Flow beverage products are available at retailers in Canada and the United States, and online at flowhydration.com.
Advertisement 4
Story continues below
Article content
For more information on Flow, please visit Flow’s investor relations site at: investors.flowhydration.com.
Forward-Looking Statements
This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws (“Forward-Looking Statements”). The Forward-Looking Statements contained in this press release relate to future events or Flow’s future plans, operations, strategy, performance or financial position and are based on Flow’s current expectations, estimates, projections, beliefs and assumptions, including, among other things, the intention to close additional tranches of the Private Placement, the total proceeds intended to be raised in the Private Placement and the allocation of the use of proceeds from the Private Placement. Such Forward-Looking Statements have been made by Flow in light of the information available to it at the time the statements were made and reflect its experience and perception of historical trends. All statements and information other than historical fact may be forward‐looking statements. Such Forward‐Looking Statements are often, but not always, identified by the use of words such as “may”, “would”, “should”, “could”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “foresee”, “believe”, “continue”, “expect”, “believe”, “anticipate”, “estimate”, “will”, “potential”, “proposed” and other similar words and expressions.
Forward-Looking Statements are based on certain expectations and assumptions and are subject to known and unknown risks and uncertainties and other factors, many of which are beyond Flow’s control, that could cause actual events, results, performance and achievements to differ materially from those anticipated in these Forward-Looking Statements. Forward-Looking Statements are provided for the purposes of assisting the reader in understanding Flow and its business, operations, prospects, and risks at a point in time in the context of historical and possible future developments, and the reader is therefore cautioned that such information may not be appropriate for other purposes. Forward-Looking Statements should not be read as guarantees of future performance or results. Readers are cautioned not to place undue reliance on these Forward-Looking Statements, which speak only as of the date of this press release. Unless otherwise noted or the context otherwise indicates, the Forward-Looking Statements contained herein are provided as of the date hereof, and the Company disclaims any intention or obligation, except to the extent required by law, to update or revise any Forward-Looking Statements as a result of new information or future events, or for any other reason.
Advertisement 5
Story continues below
Article content
The following press release should be read in conjunction with the management’s discussion and analysis and consolidated financial statements and notes thereto as at and for the three and nine months ended July 31, 2024. Additional information about Flow is available on the Company’s profile on SEDAR+ at www.sedar.com, including the Company’s Annual Information Form for the year ended October 31, 2023 dated January 29, 2024.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241231444255/en/
Contacts
Trent MacDonald, Chief Financial Officer
1-844-356-9426
investors@flowhydration.com
Investors:
Marc Charbin
investors@flowhydration.com
Media:
Natasha Koifman
nk@nkpr.net
Article content
Comments