Beedie Investments Limited Early Warning Press Release Regarding Investment in Artemis Gold Inc. - Canada NewsWire | Canada News Media
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Beedie Investments Limited Early Warning Press Release Regarding Investment in Artemis Gold Inc. – Canada NewsWire

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BURNABY, BC, June 9, 2020 /CNW/ – In connection with the recently-announced acquisition (the “Acquisition”) by Artemis Gold Inc. (the “Company”) of the Blackwater Gold Project in central British Columbia from New Gold Inc. (“New Gold”), Ryan Beedie and Beedie Holdings Limited, an entity controlled by Mr. Beedie (“Beedie Holdings”), have committed to provide up to C$120 million toward the initial payment of C$140 million to be made by the Company to New Gold at the closing of the Acquisition (the “Closing”), to the extent such funds are not otherwise obtained by the Company through a planned equity financing (the “Financing”) to be completed prior to the Closing.  Beedie Holdings and its affiliates may participate in the Financing, and will disclose further details regarding any acquisition of equity securities thereunder, and other funding provided to the Company in connection with the Acquisition, when such details are confirmed. The Acquisition and the Financing are more particularly described in the press release of the Company dated June 9, 2020.

Beedie Investments Limited (“Beedie Investments”) is a wholly-owned subsidiary of Beedie Holdings, and is controlled by Mr. Beedie, who is a director of the Company.  Beedie Investments and Mr. Beedie together currently hold (i) 14,378,773 common shares in the capital of the Company (“Common Shares”), (ii) common share purchase warrants entitling the holder to purchase one Common Share at a price of $1.08 per Common Share for a period of 60 months following their issuance on August 27, 2019 that are exercisable into a further 11,111,111 Common Shares (the “Warrants”) and (iii) options to acquire an additional 100,000 Common Shares (the “Options”). Assuming the exercise in full of the Warrants and the Options, Beedie Investments and Mr. Beedie are collectively deemed to beneficially own a total of 25,589,884 Common Shares, representing approximately 43.0% of the issued and outstanding Common Shares after giving effect to such exercises.

Beedie Investments and Mr. Beedie acquired their Common Shares, Warrants and Options for investment purposes, and review their holdings in the Company on a continuing basis and may from time to time and at any time, in their sole discretion, acquire or cause to be acquired additional equity or debt securities or other instruments of the Company, or dispose or cause to be disposed such equity or debt securities or instruments, through open market transactions, private placements by the Company and other privately negotiated transactions, or otherwise, in each case in accordance with applicable securities laws.

A copy of the early warning report relating to the announcement of the Acquisition will be available under the Company’s profile on SEDAR, and may also be obtained by contacting Beedie Investments at (604) 435-3321.

Beedie Investments Limited
3030 Gilmore Diversion
Burnaby, BC V5G 3B4
Canada

Neither 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 news release.

SOURCE Beedie Investments Ltd.

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Tesla shares soar more than 14% as Trump win is seen boosting Elon Musk’s electric vehicle company

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NEW YORK (AP) — Shares of Tesla soared Wednesday as investors bet that the electric vehicle maker and its CEO Elon Musk will benefit from Donald Trump’s return to the White House.

Tesla stands to make significant gains under a Trump administration with the threat of diminished subsidies for alternative energy and electric vehicles doing the most harm to smaller competitors. Trump’s plans for extensive tariffs on Chinese imports make it less likely that Chinese EVs will be sold in bulk in the U.S. anytime soon.

“Tesla has the scale and scope that is unmatched,” said Wedbush analyst Dan Ives, in a note to investors. “This dynamic could give Musk and Tesla a clear competitive advantage in a non-EV subsidy environment, coupled by likely higher China tariffs that would continue to push away cheaper Chinese EV players.”

Tesla shares jumped 14.8% Wednesday while shares of rival electric vehicle makers tumbled. Nio, based in Shanghai, fell 5.3%. Shares of electric truck maker Rivian dropped 8.3% and Lucid Group fell 5.3%.

Tesla dominates sales of electric vehicles in the U.S, with 48.9% in market share through the middle of 2024, according to the U.S. Energy Information Administration.

Subsidies for clean energy are part of the Inflation Reduction Act, signed into law by President Joe Biden in 2022. It included tax credits for manufacturing, along with tax credits for consumers of electric vehicles.

Musk was one of Trump’s biggest donors, spending at least $119 million mobilizing Trump’s supporters to back the Republican nominee. He also pledged to give away $1 million a day to voters signing a petition for his political action committee.

In some ways, it has been a rocky year for Tesla, with sales and profit declining through the first half of the year. Profit did rise 17.3% in the third quarter.

The U.S. opened an investigation into the company’s “Full Self-Driving” system after reports of crashes in low-visibility conditions, including one that killed a pedestrian. The investigation covers roughly 2.4 million Teslas from the 2016 through 2024 model years.

And investors sent company shares tumbling last month after Tesla unveiled its long-awaited robotaxi at a Hollywood studio Thursday night, seeing not much progress at Tesla on autonomous vehicles while other companies have been making notable progress.

Tesla began selling the software, which is called “Full Self-Driving,” nine years ago. But there are doubts about its reliability.

The stock is now showing a 16.1% gain for the year after rising the past two days.

The Canadian Press. All rights reserved.

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S&P/TSX composite up more than 100 points, U.S. stock markets mixed

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TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 103.40 points at 24,542.48.

In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.

The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.

The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.

The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.

This report by The Canadian Press was first published Oct. 16, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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S&P/TSX up more than 200 points, U.S. markets also higher

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TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.

The S&P/TSX composite index was up 205.86 points at 24,508.12.

In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.

The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.

The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.

The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.

This report by The Canadian Press was first published Oct. 11, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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