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G Mining Ventures Announces US$481 million Financing Package for Tocantinzinho Gold Project

indie
21 minutes

BROSSARD, QC, Jul 18, 2022 - (ACN Newswire via SEAPRWire.com) - G Mining Ventures Corp. ("GMIN" or the "Corporation") is pleased to announce that the Corporation has entered into binding commitments with respect to a comprehensive construction financing package totaling $481 million for the development and construction of its 100% owned Tocantinzinho Gold Project ("TZ" or the "Project"). The Project remains on track to achieve production in the second half of 2024. Securing financing on schedule, despite a volatile market environment, represents a strong statement of support for the management team, as well as the technical and economic merits of the Project.Figure 1 - Sources and Uses of Funds SummaryFigure 2 - Expansion of Exploration CampFigure 3 - Freight forwarder base in Moraes AlmeidaFigure 4 - Access Road UpgradeFigure 5 - Mr. Severino, Director of Education of Itaituba, with Louis-Pierre GignacFinancing Package Highlights - $481 million- $116 million equity financing via a private placement with strategic investors (the "Strategic Investors") priced at C$0.80 per common share-- $68.8 million investment by La Mancha Investments S.a r.l. ("La Mancha")-- $27.5 million investm...

ACN Newswire
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Alset Capital Acquisition Corp. Announces Closing of Initial Public Offering and Exercise of Full Over-Allotment Option

indie
3 minutes

BETHESDA, MD, Feb 21, 2022 - (ACN Newswire via SEAPRWire.com) - Alset Capital Acquisition Corp. (the "Company") announced today the closing of its initial public offering of 7,500,000 units at $10.00 per unit (the "Offering"). Each unit consists of one of the Company's shares of Class A common stock, one-half of one redeemable warrant, and one right to receive one-tenth (1/10) of one share of Class A common stock upon the consummation of an initial business combination. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Only whole warrants are exercisable. The underwriters exercised their over-allotment option in full for an additional 1,125,000 units on February 1, 2022, which closed at the time of the closing of the Offering. As a result, the aggregate gross proceeds of the Offering, including the over-allotment, are $86,250,000, prior to deducting underwriting discounts, commissions, and other Offering expenses.The units have been listed on the Nasdaq Global Market ("Nasdaq") and began trading on February 1, 2022, under the ticker symbol "ACAXU". Once the securities comprising the units begin separate trad...

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Society Pass (SoPa) Announces Pricing of US$10 Million Underwritten Public Offering

indie
4 minutes

SINGAPORE, Feb 9, 2022 - (ACN Newswire via SEAPRWire.com) - Society Pass Incorporated (Nasdaq: SOPA) ("SoPa" or the "Company"), a leading Southeast Asian data-driven loyalty platform, today announced the pricing of its underwritten public offering of 3,030,300 shares of common stock and accompanying warrants to purchase up to 3,030,300 shares of common stock. Each share of common stock is being sold together with one warrant at a combined purchase price of US$3.30. The warrants will be immediately exercisable at a price of US$3.30 per share and will expire five years from the date of issuance. The shares of common stock and accompanying warrants can only be purchased together in the offering, but will be issued separately and will be immediately separable upon issuance. The warrants will not be listed on any exchange. Gross proceeds, before deducting underwriting discounts and commissions and estimated offering expenses, are expected to be approximately US$10 million.The Company has granted the underwriters a 45-day option to purchase up to 454,545 additional shares of common stock and/or additional warrants to purchase up to an additional 454,545 shares of common stock at the publ...

JCN Newswire

Renault, Nissan & Mitsubishi Motors Announce Common Roadmap Alliance 2030: Best of 3 Worlds for a New Future

ruth
9 minutes

PARIS & TOKYO, Jan 28, 2022 - (JCN Newswire via SEAPRWire.com) - Renault Group, Nissan Motor Co., Ltd. and Mitsubishi Motors Corporation, the members of one of the world's leading automotive alliances, today announced common projects and actions to accelerate and to shape their shared future towards 2030, focusing on the mobility value chain.Highlights:- The 2030 roadmap focuses on pure electric vehicles and connected mobility.- Aims to enhance usage of common platforms to reach 80% in 2026.- Mitsubishi Motors to reinforce presence in Europe with two new models based on Renault best-sellers.- To invest EUR 23B in the next five years to support its offensive strategy in electrification.- With 35 new EV cars in 2030, proposes the largest global EV offer, based on the five common EV platforms.- Nissan unveils an all-new EV based on the CMF-BEV Alliance platform to replace the Micra in Europe; vehicle planned to be manufactured at Renault ElectriCity, the electric industrial center in Northern France.- Reinforces common battery strategy aiming to secure a global 220 GWh production capacity by 2030.- Nissan to lead development of breakthrough all-solid-state battery technology to be...

SeaPRwire

Societal cost of 6 common mental health disorders estimated at $1.7b yearly: IMH study

aseanpr
5 minutes

SINGAPORE - A study by the Institute of Mental Health (IMH) has identified for the first time the societal cost of six common mental health disorders here, estimated at about $1.7 billion per year. It found that the healthcare system or society would be expected to incur $3,938.90 more in total costs a year for an individual associated with these conditions compared with someone without a disorder. The costs refer to healthcare utilisation costs and productivity loss. The six common mental health disorders identified in the study are major depressive disorder, general anxiety disorder, bipolar disorder, obsessive compulsive disorder, alcohol abuse and alcohol dependence. The $1.7 billion figure was derived from a 13.9 per cent prevalence rate of common mental health conditions among adults aged 18 and above, an estimated more than 433,000 persons, said IMH on Monday (Oct 4). These findings were from the second Singapore Mental Health Study, initiated in 2016, which examined the prevalence of common mental health disorders here, their associated factors, treatment gap and the local adult population's help-seeking behaviour. The study was led by IMH in collaboration with the Ministry...

JCN Newswire
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Showa Denko Announces the Number of New Shares to be Issued

ruth
4 minutes

TOKYO, Sep 8, 2021 - (JCN Newswire via SEAPRWire.com) - Showa Denko K.K. (TSE:4004) hereby announces that, relating to the issuance of new shares of its common stock which its board of directors resolved on August 23, 2021, the number of shares to be issued by exercise of the option to purchase additional newly issued shares of common stock granted to the International Underwriters in connection with the International Offering has been determined as set forth below:The number of shares to be issued by exercise of the option to purchase additional newly issued shares of common stock granted to the International Underwriters in connection with the International Offering: 2,065,500 sharesReference1. Number of new shares to be offered by way of public offering32,665,500 shares of common stock of the Company, the aggregate of (i) through (iii) described below:(i) 15,070,500 shares of common stock of the Company, issued for purchase by the Japanese Underwriters in the Japanese Public Offering;(ii) 15,529,500 shares of common stock of the Company, issued for purchase by the International Underwriters in the International Offering; and(iii) 2,065,500 shares of common stock of the Company, ...

JCN Newswire
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Showa Denko Announces the Issue Price, Selling Price, and Matters Relating to its New Shares

ruth
4 minutes

TOKYO, Sep 6, 2021 - (JCN Newswire via SEAPRWire.com) - Showa Denko K.K. (the "Company") hereby announces the issue price, selling price and certain other matters relating to the issuance of its new shares and the secondary offering of shares which its board of directors resolved on August 23, 2021, as set forth below.1. Issuance of new shares by way of public offering(1) Class and number of shares to be offered: 32,665,500 shares of common stock of the Company, the aggregate of (i) through (iii) described below:(i) 15,070,500 shares of common stock of the Company, issued for purchase by the Japanese Underwriters in the Japanese Public Offering;(ii) 15,529,500 shares of common stock of the Company, issued for purchase by the International Underwriters in the International Offering; and(iii) A maximum of 2,065,500 shares of common stock of the Company, additionally issued for purchase by the International Underwriters upon exercise of the option in the International Offering.(2) Issue price (offer price)[1]: 2,465 yen per share(3) Total amount of issue price[2]: 80,520,457,500 yen(4) Amount to be paid in[1]: 2,363.32 yen per share(5) Total amount to be paid in[2]: 77,199,029,460 yen...

SeaPRwire

Alibaba pledges $20.8 billion to China’s ‘common prosperity’ drive

elean
2 minutes

SHANGHAI (REUTERS) - China's Alibaba Group Holding will invest 100 billion yuan (S$20.8 billion) by 2025 in support of "common prosperity", it said, becoming the latest corporate giant to pledge support for the initiative driven by Chinese President Xi Jinping. Beijing has been encouraging companies to share wealth as part of an effort to ease inequality in the world's second-largest economy. Other companies that have made similar announcements include Tencent Holdings, which also pledged 100 billion yuan, and Geely Automobile. The government-backed Zhejiang News website said Alibaba's funds will go towards areas such as subsidies for small and medium-sized enterprises and improving insurance protection for gig economy workers such as couriers and ride-hailing drivers. It will also set up a 20 billion yuan "common prosperity development fund", the newspaper said, with Alibaba confirming the report. The e-commerce giant and its tech rivals have been the target of a wide-ranging regulatory crackdown on issues ranging from monopolistic behaviour to consumer rights. Alibaba was fined a record US$2.75 billion (S$3.69 billion) in April over monopoly violations. The sector has also attrac...

ACN Newswire
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Collect Rare Cards and Combine to Earn Unique NFTs of US Presidents with PixelPotus

indie
4 minutes

Nevada, United States, Jul 7, 2021 - (ACN Newswire via SEAPRWire.com) - Just halfway through 2021 and we see non-fungible tokens (NFTs) becoming a staple in every crypto enthusiast's diet. With the NFT market total transaction value reportedly tripling in 2020 alone, NFT utilities and use cases continue to appear, and evolve throughout every corner of the crypto space.Through the myriad of evolutionary pathways NFTs tread, nostalgia is one such pathway that PixelPotus pioneers, and molds anew.Collecting cards has never been this innovative or competitive.What is PixelPotus?Accurately named PixelPotus, this NFT collectible card game features digital POTUSes (Presidents of the United States) in their finest pixelated suits; lined up for inauguration!There are a total of 45 POTUSes available, each with a total of six levels of rarity as players combine cards to upgrade their favorite POTUS(es).You may be thinking, aren't there a total of 46 POTUSes? You are correct, but lest we forget, Grover Cleveland acted as the 22nd and the 24th POTUS. Although President Cleveland would surely adore more publicity, PixelPotus ensures each POTUS gets a fair term in this game!Get FREE POTUSes Today!...