Market Newsdesk

LONDON, Sept. 7, 2021 /PRNewswire/ — Long-term shareholder TCI Fund Management Limited (“TCI”) announces it has retained Kingsdale Advisors, North America’s leading strategic shareholder advisory and communications firm, to act as its strategic advisor and engage with Canadian National Railway’s (TSX: CNR) (NYSE: CNI) (“CN” or the “Corporation”) shareholders to achieve TCI’s objectives of halting CN’s pursuit of Kansas City Southern (“KCS”) and upgrading the board of directors (the “Board”) who, among other things, will have a mandate to identify and appoint a new CEO.  

Kingsdale Advisors will provide TCI with strategic advice, assist in engaging with shareholders, and, if CN continues to act in a manner that ignores the interest of shareholders and a proxy fight is required, Kingsdale Advisors will lead TCI’s campaign for positive change. Kingsdale Advisors has significant experience in the railroad industry having previously represented Bill Ackman in his successful campaign to change the board at Canadian Pacific Railway.

“We believe CN’s best days are ahead of it, provided the company immediately withdraws from its reckless, irresponsible, and value destructive pursuit of KCS,” said Chris Hohn, TCI Founder and Portfolio Manager. “The ‘copy-cat’ bid for KCS, combined with CN’s continued operational underperformance, make the case for change compelling and clear.”

“It is shocking to us that there is currently no-one on the Board who has had any meaningful outside involvement, background or training in the railroad industry.  The bid for KCS exposed a basic misunderstanding of the industry and the regulatory environment.    The CN Board must therefore take full responsibility for its egregious failure of oversight in sanctioning the bid.  The Board has consistently misjudged the Surface Transportation Board (“STB”) and the predictions of the Board have been consistently wrong.  The Board now lacks all credibility so new directors must be appointed that have more railroad experience and expertise.  The CEO should also be replaced with a railroader that has a proven track record in order to create a much-needed culture of operational excellence.”

Mr Hohn also said, “Due to the urgency of these issues, we expect to requisition a special meeting of CN shareholders soon to nominate at least five new directors with a mandate to lead the Board in the process of selecting a new world class CEO with extensive experience of railroad operations to turn CN around.  We believe the majority of CN shareholders share our vision and will support the actions and leadership changes we are recommending.  We encourage CN to listen to its shareholders and engage with TCI constructively to help get CN back on track.”

TCI, through entities it manages, has been a shareholder of CN since 2018 and currently owns more than 5% of the shares outstanding, valued at $4 billion, and is committed to the long-term success of CN.  TCI intends to submit a formal requisition to CN’s Board in due course for the purpose of calling a special meeting of shareholders to upgrade the Board by electing up to five new highly qualified and experienced nominees.

CN Shareholders Suffering from an Incompetent Board and Weak CEO
The bid for KCS reflects poorly on CN’s management and Board because it was obvious from the beginning that the bid would fail.  It was a ‘copy-cat’ bid that reflected a defensive motivation and lack of strategic thinking.  The STB’s new merger rules had never been tested so committing $2 billion of fees was irresponsible.  Many other errors were made but continually arguing that parallel tracks do not compete with each other was disingenuous and unintelligent.

The opinion of the STB is clear: it does not want CN to buy KCS, so persisting in the face of explicit opposition from the STB and other government agencies would be negligent, hugely damaging to the reputation of CN, and potentially financially disastrous because it would expose the company to the risk of forced divestment and damaging remedies.  It would also be a major distraction for management who should be focused on fixing the network.

CN’s Best Days Are Ahead
The good news is that CN owns the best rail network in North America so it does not need to acquire KCS to prosper. CN should also be the most efficient and fastest growing railroad in the industry, but change is needed to achieve this goal.  History has shown that with the right leadership railroads can be fixed quickly. CN is no different.  While the new Board will have the responsibility of selecting a new CEO, TCI has identified Jim Vena as the outstanding candidate for the position.  Mr. Vena has a proven track record as an exceptional operator and his time at CN and Union Pacific demonstrate that he knows how to run a railroad successfully.

About TCI Fund Management
Founded in 2003 by Sir Christopher Hohn, TCI is a value orientated, fundamental investor which invests globally in strong businesses with sustainable competitive advantages. Using a private equity approach, TCI conducts deep fundamental research, constructively engages with management and adopts a long-term investment horizon. For more information on TCI and its ESG policy, visit www.tcifund.com/ESG

About Kingsdale Advisors
With offices in Toronto and New York, Kingsdale Advisors is the leading advisor to public companies on all shareholder, governance, and transaction related matters having acted on the largest and highest profile proxy fights, transactions, and other special situations. Since 2003, public companies across North America have looked to the expertise of Kingsdale Advisors to secure the success of transactions or resolutions driven by shareholder votes. Kingsdale Advisors’ multidisciplinary team offers an array of specialized services focused on strategic and defensive advisory, governance advisory, compensation advisory, strategic communications, voting analytics, and creative services.

Contacts 

Ian Robertson

President, Canada
Kingsdale Advisors
Direct: 416-867-2333
Cell: 647-621-2646
Email: [email protected]

TCI Media Contacts:

ASC Advisors, New York
Steve Bruce:                   [email protected] 
Taylor Ingraham:            [email protected] 
203 992 1230

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SOURCE TCI Fund Management Limited

JACKSONVILLE, Fla., Sept. 7, 2021 /PRNewswire/ — Redwire Corporation (NYSE: RDW), a leader in mission critical space solutions and high reliability components for the next generation space economy, today announced it will ring the Opening Bell at the New York Stock Exchange (NYSE) on September 8, 2021, in celebration of its public listing on the NYSE under the trading symbol “RDW”.

Redwire Chairman and CEO Peter Cannito will ring the bell alongside members of the executive leadership team, including:

• Andrew Rush, President and Chief Operating Officer;
• Bill Read, Chief Financial Officer;
• Al Tadros, Chief Growth Officer and EVP of Space Infrastructure; and
• Faith Horowitz, Chief Administrative Officer.

The Opening Bell will ring at 9:30 a.m. ET and interested parties may tune in to a live stream on the NYSE’s website at: https://www.nyse.com/bell. Videos and photos during and following the ceremony will be shared on NYSE’s YouTube and Facebook pages and on Twitter @NYSE and @RedwireSpace.

For information regarding media availability for Redwire’s executives, please contact Tere Riley at [email protected].

Redwire completed its merger with Genesis Park Acquisition Corp. (“Genesis Park“) on September 2, 2021 and began trading on September 3, 2021. 

About Redwire
Redwire Corporation (NYSE: RDW) is a leader in mission critical space solutions and high reliability components for the next generation space economy, with valuable IP for solar power generation and in-space 3D printing and manufacturing. With decades of flight heritage combined with the agile and innovative culture of a commercial space platform, Redwire is uniquely positioned to assist its customers in solving the complex challenges of future space missions. For more information, please visit www.redwirespace.com. 

Media Contact:
Tere Riley
[email protected]
321-831-0134

OR

Investors:

[email protected]

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SOURCE Redwire

CHEYENNE, Wyo., Sept. 7, 2021 /PRNewswire/ — U.S. Gold Corp. (NASDAQ: USAU), a gold exploration and development company, is pleased to announce that its management will be attending in person and presenting at the 2021 Denver Gold Group Gold Forum Americas Explorer & Developer Forum conference, being held September 12-15, 2021. Management will be conducting one-on-one meetings with conference attendees to provide an update on its CK Gold Project and soon to be released pre-feasibility study (PFS). 

This year’s 2021 Gold Forum Americas Explorer & Developer Forum conference will be held as a hybrid event, combining both physical and virtual participation. The Gold Forum Americas Explorer & Developer Forum brings together a community of institutional investors and senior corporate executives from established precious metals companies to meet and network with some of the most prospective producers, explorers, and developers from around the globe.

U.S. Gold Corp.’s President & CEO Mr. George Bee will present on Monday, September 13^th at 8:20 a.m. MDT. Please refer to the link and presentation details below.

Webcast Link and Presentation Details

Date: Monday, September 13, 2021
Time: 8:20 a.m. MDT/10:20 a.m. EDT
Webcast URL*: Company Live Session – The Denver Gold Group, Inc. 

*A replay of the presentation will be available following the live webcast using the same link.

About U.S. Gold Corp.

U.S. Gold Corp. is a publicly traded, U.S. focused gold exploration company. U.S. Gold Corp. has a portfolio of exploration properties. Copper King, now the CK Gold Project, is located in Southeast Wyoming and has a Preliminary Economic Assessment (PEA) technical report, which was completed by Mine Development Associates. Keystone and Maggie Creek are exploration properties on the Cortez and Carlin Trends in Nevada.  The Challis Gold Project is located in Idaho.  For more information about U.S. Gold Corp., please visit www.usgoldcorp.gold

Safe Harbor

Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimated,” and “intend,” among others. These forward-looking statements are based on U.S. Gold Corp.’s current expectations, and actual results could differ materially from such statements. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to
, risks arising from: the prevailing market conditions for metal prices and mining industry cost inputs, environmental and regulatory risks, risks faced by junior companies generally engaged in exploration activities, whether U.S. Gold Corp. will be able to raise sufficient capital to implement future exploration programs, COVID-19 uncertainties, and other factors described in the Company’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K filed with the Securities and Exchange Commission, which can be reviewed at 
www.sec.gov
. The Company has based these forward-looking statements on its current expectations and assumptions about future events. While management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory, and other risks, contingencies, and uncertainties, most of which are difficult to predict and many of which are beyond the Company’s control. The Company makes no representation or warranty that the information contained herein is complete and accurate and we have no duty to correct or update any information contained herein.

For additional information, please contact:

U.S. Gold Corp. Investor Relations:
+1 800 557 4550
[email protected]
www.usgoldcorp.gold

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SOURCE U.S. Gold Corp.

TORONTO, Sept. 7, 2021 /PRNewswire/ — Waste Connections, Inc. (TSX/NYSE: WCN) (“Waste Connections” or the “Company”) announced today that it plans to proceed, subject to market and other conditions, to offer two series of senior notes due 2032 and 2052, respectively (the “Notes”), in an underwritten public offering (the “Offering”). The Notes will be senior unsecured obligations of the Company.  Waste Connections intends to use the net proceeds from this offering, together with borrowings under its revolving credit facility provided under its credit agreement, to repay the $1.5 billion aggregate principal amount outstanding of each series of its senior notes issued pursuant to its master note purchase agreements.

BofA Securities, J.P. Morgan, MUFG and Wells Fargo Securities are acting as joint book-running managers and underwriters for the Offering. The Offering will be made pursuant to an effective shelf registration statement filed with the U.S. Securities and Exchange Commission (the “SEC”) on September 1, 2021 (the “Registration Statement”). Copies of the preliminary prospectus supplement and the accompanying base prospectus for the Offering may be obtained by contacting BofA Securities, Inc. at 200 North College Street, 3rd Floor, Charlotte, North Carolina 28255-0001, Attention: Prospectus Department, toll-free at 1-800-294-1322 or at [email protected], J.P. Morgan Securities LLC at 383 Madison Avenue, New York, New York, 10179, Attn: Investment Grade Syndicate Desk, 3rd Floor, or by telephone at (212) 834-4533, MUFG Securities Americas Inc. at 1221 Avenue of the Americas, 6th Floor, New York, New York 10020, Attention: Capital Markets Group, or toll-free at 877-649-6848 or Wells Fargo Securities, LLC at 608 2nd Avenue South, Suite 1000, Minneapolis, Minnesota 55402, Attn: WFS Customer Service, toll-free at 1-800-645-3751 or at [email protected]. Copies of the preliminary prospectus supplement and the accompanying base prospectus for the Offering will also be available on the SEC’s website at http://www.sec.gov.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other securities, nor will there be any offer, solicitation or sale of the Notes or any other securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. 

About Waste Connections

Waste Connections is an integrated solid waste services company that provides non-hazardous waste collection, transfer and disposal services, along with resource recovery primarily through recycling and renewable fuels generation. Waste Connections serves more than seven million residential, commercial and industrial customers in mostly exclusive and secondary markets across 44 states in the U.S. and six provinces in Canada. Waste Connections also provides non-hazardous oilfield waste treatment, recovery and disposal services in several basins across the U.S., as well as intermodal services for the movement of cargo and solid waste containers in the Pacific Northwest.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 (“PSLRA”), including “forward-looking information” within the meaning of applicable Canadian securities laws. These forward-looking statements are neither historical facts nor assurances of future performance and reflect Waste Connections’ current beliefs and expectations regarding future events, including the potential Offering and the Company’s use of proceeds. These forward-looking statements are often identified by the words “plans,” “may,” “might,” “will,” “believes,” “expects,” “estimates,” “intends,” “could,” “should,” “anticipates” or other words of similar meaning, although not all forward-looking statements contain these identifying words.
All of the forward-looking statements included in this press release are made pursuant to the safe harbor provisions of the PSLRA and applicable securities laws in Canada.
Forward-looking statements involve risks, assumptions and uncertainties. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, but are not limited to, risk factors detailed in the preliminary prospectus supplement and the accompanying base prospectus, which are both a part of the Registration Statement, the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and those risk factors set forth from time to time in the Company’s other filings with the SEC and the securities commissions or similar regulatory authorities in Canada.  You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release.  Waste Connections undertakes no obligation to update the forward-looking statements set forth in this press release, whether as a result of new information, future events, or otherwise, unless required by applicable securities laws.

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SOURCE Waste Connections, Inc.

SAN DIEGO, Sept. 7, 2021 /PRNewswire/ — Robbins Geller Rudman & Dowd LLP announces that purchasers of Generac Holdings Inc. (NYSE: GNRC) securities between February 23, 2021 and July 29, 2021, inclusive (the “Class Period”) have until October 19, 2021 to seek appointment as lead plaintiff in the Generac class action lawsuit.  The Generac class action lawsuit charges Generac and certain of its top executives with violations of the Securities Exchange Act of 1934.  The Generac class action lawsuit – captioned Khami v. Generac Holdings Inc., No. 21-cv-06777 – is pending in the Central District of California and is assigned to Judge Stephen V. Wilson.  A similar lawsuit, Procter v. Generac Holdings Inc., No. 21-cv- 07009, is also pending in the Central District of California.

If you wish to serve as lead plaintiff of the Generac class action lawsuit, please provide your information by clicking here.  You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at [email protected].  Lead plaintiff motions for the Generac class action lawsuit must be filed with the court no later than October 19, 2021.

CASE ALLEGATIONS: The Generac class action lawsuit alleges that, throughout the Class Period, defendants made false and misleading statements and failed to disclose that: (i) Generac’s portable generators posed an unreasonable risk of injury to users and the public; (ii) as a result, at least seven finger amputations and one crushed finger had been reported to Generac; (iii) thus, Generac would face increased regulatory scrutiny; (iv) Generac would end sales in its Generac® and DR® 6500 Watt and 8000 Watt portable generators in the United States and Canada in June 2021; (v) Generac would recall its Generac® and DR® 6500 Watt and 8000 Watt portable generators in the United States and Canada; (vi) the end of sales and the recall would occur before Generac’s noted hurricane and wildfire seasons and following the Texas outage – periods Generac has touted for sales; and (vii) consequently, defendants’ public statements and statements to journalists were materially false and/or misleading at all relevant times.

On July 29, 2021, the United States Consumer Product Safety Commission, Health Canada, and the Organisation for Economic Co-operation and Development announced the Generac portable generator recall, revealing that Generac had received reports of seven finger amputations and one finger crushing.  On this news, Generac’s stock price fell approximately 7%, damaging investors.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased Generac securities during the Class Period to seek appointment as lead plaintiff in the Generac class action lawsuit.  A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class.  A lead plaintiff acts on behalf of all other class members in directing the Generac class action lawsuit.  The lead plaintiff can select a law firm of its choice to litigate the Generac class action lawsuit.  An investor’s ability to share in any potential future recovery of the Generac class action lawsuit is not dependent upon serving as lead plaintiff. 

ABOUT ROBBINS GELLER RUDMAN & DOWD LLP: With 200 lawyers in 9 offices nationwide, Robbins Geller Rudman & Dowd LLP is the largest U.S. law firm representing investors in securities class actions.  Robbins Geller attorneys have obtained many of the largest shareholder recoveries in history, including the largest securities class action recovery ever – $7.2 billion – in In re Enron Corp. Sec. Litig.  The 2020 ISS Securities Class Action Services Top 50 Report ranked Robbins Geller first for recovering $1.6 billion for investors last year, more than double the amount recovered by any other securities plaintiffs’ firm.  Please visit http://www.rgrdlaw.com for more information. 

Attorney advertising.
Past results do not guarantee future outcomes.
Services may be performed by attorneys in any of our offices.

Contact:
            Robbins Geller Rudman & Dowd LLP
            655 W. Broadway, San Diego, CA  92101 
            J.C. Sanchez, 800-449-4900
            [email protected]

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SOURCE Robbins Geller Rudman & Dowd LLP

NEW YORK, Sept. 7, 2021 /PRNewswire/ — InvestorsObserver issues critical PriceWatch Alerts for PLRX, LODE, MILE, PROG, and PAYA.

To see how InvestorsObserver’s proprietary scoring system rates these stocks, view the InvestorsObserver’s PriceWatch Alert by selecting the corresponding link.

• PLRX: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=PLRX&prnumber=090720212 
• LODE: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=LODE&prnumber=090720212 
• MILE: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=MILE&prnumber=090720212 
• PROG: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=PROG&prnumber=090720212 
• PAYA: https://www.investorsobserver.com/lp/pr-stocks-lp-2/?stocksymbol=PAYA&prnumber=090720212 

(Note: You may have to copy this link into your browser then press the [ENTER] key.)

InvestorsObserver’s PriceWatch Alerts are based on our proprietary scoring methodology. Each stock is evaluated based on short-term technical, long-term technical and fundamental factors. Each of those scores is then combined into an overall score that determines a stock’s overall suitability for investment.

View original content to download multimedia:https://www.prnewswire.com/news-releases/thinking-about-buying-stock-in-pliant-therapeutics-comstock-mining-metromile-progenity-or-paya-holdings-301370292.html

SOURCE InvestorsObserver

NEW YORK, Sept. 7, 2021 /PRNewswire/ — InvestorsObserver issues critical PriceWatch Alerts for PDD, AMC, BILI, AAPL, and NIO.

Click a link below then choose between in-depth options trade idea report or a stock score report.

Options Report – Ideal trade ideas on up to seven different options trading strategies. The report shows all vital aspects of each option trade idea for each stock.

Stock Report – Measures a stock’s suitability for investment with a proprietary scoring system combining short and long-term technical factors with Wall Street’s opinion including a 12-month price forecast.

• PDD: https://www.investorsobserver.com/lp/pr-options-lp-2/?stocksymbol=PDD&prnumber=090720213
• AMC: https://www.investorsobserver.com/lp/pr-options-lp-2/?stocksymbol=AMC&prnumber=090720213
• BILI: https://www.investorsobserver.com/lp/pr-options-lp-2/?stocksymbol=BILI&prnumber=090720213
• AAPL: https://www.investorsobserver.com/lp/pr-options-lp-2/?stocksymbol=AAPL&prnumber=090720213
• NIO: https://www.investorsobserver.com/lp/pr-options-lp-2/?stocksymbol=NIO&prnumber=090720213

(Note: You may have to copy this link into your browser then press the [ENTER] key.)

View original content to download multimedia:https://www.prnewswire.com/news-releases/thinking-about-trading-options-or-stock-in-pinduoduo-amc-entertainment-bilibili-apple-or-nio-301370232.html

SOURCE InvestorsObserver