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Enbridge Inc. to Host Webcast to Discuss 2021 First Quarter Results on May 7

PR Newswire

CALGARY, AB, April 16, 2021 /PRNewswire/ – Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) will host a conference call and webcast to provide a business update and review 2021 first quarter results on May 7, 2021 at 7:00 a.m. MT (9:00 a.m. ET).

The conference call format will include prepared remarks from the executive team followed by a question and answer session for the analyst and investor community only. Enbridge’s media and investor relations teams will be available after the call for any additional questions.

Enbridge will announce its financial results before markets open on May 7, 2021.

2021 First Quarter Earnings Webcast and Conference Call


Details of the webcast

When:

Friday May 7, 2021

7:00 a.m. MT (9:00 a.m. ET)

Webcast:


Sign-up

Call:

Dial-in (Audio only – please dial in 15 minutes ahead):

North America Toll Free:

(833) 233-4460

Outside North America:   

(647) 689-4543

Participant Passcode:

5072874

A webcast replay will be available shortly after the conclusion of the event and a transcript will be posted to Enbridge’s website approximately 24 hours after the event.


About Enbridge Inc.


Enbridge Inc. is a leading North American energy infrastructure company. We safely and reliably deliver the energy people need and want to fuel quality of life. Our core businesses include Liquids Pipelines, which transports approximately 25 percent of the crude oil produced in North America; Gas Transmission and Midstream, which transports approximately 20 percent of the natural gas consumed in the U.S.; Gas Distribution and Storage, which serves approximately 3.8 million retail customers in Ontario and Quebec; and Renewable Power Generation, which generates approximately 1,750 MW of net renewable power in North America and Europe. The Company’s common shares trade on the Toronto and New York stock exchanges under the symbol ENB. For more information, visit 

www.enbridge.com

.

FOR FURTHER INFORMATION PLEASE CONTACT:                                     

Media
Toll Free: (888) 992-0997
Email: [email protected]

Investment Community

Toll Free: (800) 481-2804
Email: [email protected]

Cision View original content:http://www.prnewswire.com/news-releases/enbridge-inc-to-host-webcast-to-discuss-2021-first-quarter-results-on-may-7-301270832.html

SOURCE Enbridge Inc.

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Enbridge Inc. to Hold Annual Meeting of Shareholders on May 5

PR Newswire

CALGARY, AB, April 16, 2021 /PRNewswire/ – Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company) will hold its Annual Meeting of Shareholders on May 5, 2021.

Annual Meeting of Shareholders

When:

Wednesday, May 5, 2021

1:30 p.m. MT

Where:

Virtual only meeting via live audio webcast online at:


https://web.lumiagm.com/478797703

A webcast replay will be available on the Company’s website.

Additional information on the Annual Meeting of Shareholders, including details on how to vote and Meeting participation, is available on the Company’s website at https://www.enbridge.com/investment-center/corporate-governance/shareholder-meetings.


About Enbridge Inc.


Enbridge Inc. is a leading North American energy infrastructure company. We safely and reliably deliver the energy people need and want to fuel quality of life. Our core businesses include Liquids Pipelines, which transports approximately 25 percent of the crude oil produced in North America; Gas Transmission and Midstream, which transports approximately 20 percent of the natural gas consumed in the U.S.; Gas Distribution and Storage, which serves approximately 3.8 million retail customers in Ontario and Quebec; and Renewable Power Generation, which generates approximately 1,750 MW of net renewable power in North America and Europe. The Company’s common shares trade on the Toronto and New York stock exchanges under the symbol ENB. For more information, visit 

www.enbridge.com

.

FOR FURTHER INFORMATION PLEASE CONTACT:

Media
Toll Free: (888) 992-0997
Email: [email protected]

Investment Community
Toll Free: (800) 481-2804
Email: [email protected]

Cision View original content:http://www.prnewswire.com/news-releases/enbridge-inc-to-hold-annual-meeting-of-shareholders-on-may-5-301270837.html

SOURCE Enbridge Inc.

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Coty Inc. Prices $900 Million of Senior Secured Notes

Coty Inc. Prices $900 Million of Senior Secured Notes

NEW YORK–(BUSINESS WIRE)–
Coty Inc. (NYSE:COTY) (“Coty”) today announced the pricing of $900 million of 5.000% senior secured notes due 2026 (the “Notes”) (representing an upsize from the previously announced $750 million). Coty will receive gross proceeds of $900 million in connection with the offering of the Notes. The offering is expected to close on April 21, 2021, subject to customary closing conditions.

The Notes will be senior secured obligations of Coty and will be guaranteed on a senior secured basis by each of Coty’s subsidiaries and will be secured by first priority liens on the same collateral that secures Coty’s obligations under its existing senior secured credit facilities. The Notes and the guarantees will be equal in right of payment with all of Coty’s and the guarantors’ respective existing and future senior indebtedness and will be pari passu with all of Coty’s and the guarantors’ respective existing and future indebtedness that is secured by a first priority lien on the collateral, including the existing senior secured credit facilities, to the extent of the value of such collateral.

Coty intends to use the net proceeds from the offering to repay a portion of its outstanding term loans under its existing credit facilities and to pay any related premiums, fees and expenses thereto.

The Notes and the related guarantees have not been, and will not be, registered under the Securities Act of 1933, as amended (the “Securities Act”), or any applicable state or foreign securities laws, and will be offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A, and to persons outside the United States in compliance with Regulation S under the Securities Act. Unless so registered, the Notes and the related guarantees may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws.

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sales of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Cautionary Note Regarding Forward-looking Statements: The statements contained in this press release include certain “forward-looking statements” within the meaning of the securities laws. These forward-looking statements reflect Coty’s current views with respect to, among other things, Coty’s offering of the Notes and the use of proceeds therefrom. These forward-looking statements are generally identified by words or phrases, such as “anticipate,” “are going to,” “estimate,” “plan,” “project,” “expect,” “believe,” “intend,” “foresee,” “forecast,” “will,” “may,” “should,” “outlook,” “continue,” “target,” “aim,” “potential” and similar words or phrases. These statements are based on certain assumptions and estimates that Coty considers reasonable and are not guarantees of Coty’s future performance, but are subject to a number of risks and uncertainties, many of which are beyond Coty’s control, which could cause actual events or results to differ materially from such statements, including Coty’s ability to consummate the offering of the Notes and enter into the credit agreement governing its proposed new senior secured credit facilities on a timely basis and on terms commercially acceptable to Coty, or at all, and other factors identified in “Risk Factors” included in Coty’s Annual Report on Form 10-K for the fiscal year ended June 30, 2020 and subsequent quarterly reports on Form 10-Q. All forward-looking statements made in this press release are qualified by these cautionary statements. These forward-looking statements are made only as of the date of this press release, and Coty does not undertake any obligation, other than as may be required by law, to update or revise any forward-looking or cautionary statements to reflect changes in assumptions, the occurrence of events, unanticipated or otherwise, or changes in future operating results over time or otherwise.

Investor Relations

Olga Levinzon

212-389-7733

[email protected]

Media

Antonia Werther

+31 621 394495917-754-8399

[email protected]

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Cosmetics Retail Fashion

MEDIA:

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Graham Holdings Company to Webcast Annual Meeting of Shareholders

Graham Holdings Company to Webcast Annual Meeting of Shareholders

ARLINGTON, Va.–(BUSINESS WIRE)–
Graham Holdings Company (NYSE:GHC) announced today that in light of the COVID-19 pandemic, the Company will hold its 2021 Annual Meeting of Shareholders via webcast rather than an in-person meeting. The meeting will be held on May 6, 2021 at 8:30 a.m. (EDT).

Shareholders of record on March 17, 2021 can access the live webcast of the Annual Meeting on the day of the meeting by logging in at www.meetingcenter.io/243294754 using their control number and the password “GHC2021”. The 15-digit control number is located on the proxy card, voting instruction form or notice previously received. Shareholders may also vote by one of the means described in the proxy materials distributed on March 25, 2021.

Most shareholders who hold shares through a brokerage firm, bank or other entity will be able to fully participate during the Annual Meeting by using the control number on their voting instruction form and the password “GHC2021”. This option is provided as a convenience to such beneficial holders, and there is no guarantee that this option will be available for every type of beneficial holder. Shareholders who hold shares through a brokerage firm, bank or other entity are advised to provide their voting instructions to these firms and register in advance to participate in the Annual Meeting no later than May 3, 2021. To register, shareholders must submit proof of proxy power (legal proxy) reflecting ownership of Graham Holdings Company stock along with their name and email address to Computershare. Proof of legal proxy may be submitted either by forwarding an email from the shareholder’s broker or by attaching an image of the legal proxy. Requests for registration should be directed to Computershare at [email protected],labeled as “Legal Proxy” and must be received no later than 11:00 p.m. (EDT) on or before May 3, 2021. A registration confirmation email from Computershare will be sent to shareholders.

Participants in one of the Company’s 401(k) plans with Graham Holdings Company Class B Common Stock allocated to their account(s) (the Savings Plan for Graham Holdings Company, the Kaplan, Inc. Tax Deferred Savings Plan for Salaried Employees and the Kaplan, Inc. Tax Deferred Savings Plan for Hourly Employees) may join the Annual Meeting but must vote by providing voting directions to the plan trustee no later than 11:00 p.m. (EDT) on May 3, 2021.

Shareholders and plan participants may submit questions in advance of the Annual Meeting via www.ghco.com or during the webcast at www.meetingcenter.io/243294754.

Pinkie Mayfield

(703) 345-6450

[email protected]

KEYWORDS: United States North America Virginia

INDUSTRY KEYWORDS: Other Manufacturing Publishing Finance Communications Professional Services Manufacturing Other Education Managed Care Health Education

MEDIA:

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Flower One Announces Anticipated Delay in Annual Filings

Flower One Announces Anticipated Delay in Annual Filings

LAS VEGAS & TORONTO–(BUSINESS WIRE)–
Flower One Holdings Inc. (“Flower One” or the “Company”) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), a leading cannabis cultivator and producer in Nevada, announces today that it anticipates a possible delay in the filing of its financial statements for the financial year ended December 31, 2020, the accompanying management’s discussion and analysis, and certificates of its CEO and CFO (collectively, the “Annual Filings”) until after the April 30, 2021 deadline.

“Our financial team is working closely with our auditors, and we look forward to completing the audit and related filings,” said Richard Groberg, Flower One’s Interim CFO. “Following the completion of our 2020 filing, we will then shift our focus to reporting our Q1 2021 results as quickly as possible. Our team has made tremendous progress over a very short period of time making it possible for Flower One to ramp up to meet rapidly-accelerating demand in Nevada, as the state has already reported all-time record highs for January 2021.”

The additional time is required to permit the Company’s auditors, MNP LLP, to complete its review and enquiries in connection with the audit of the Company’s annual financial statements. The delay is also in part attributable to (i) logistical challenges related to the COVID-19 pandemic in the 2020 calendar year, which prevented the Company’s former CEO and CFO from working at the Company’s Las Vegas office for most of 2020, (ii) recent changes to the Company’s executive management group and board of directors, and (iii) significant subsequent event reporting related to Company’s recent financing and debt restructuring initiatives. The Company and its auditors are working diligently, and the Company intends to make the Annual Filings as soon as possible and it expects to make these filings by no later than May 28, 2021.

In connection with this anticipated delay, the Company has applied for a customary management cease trade order (the “MCTO”) relating to the trading by the Company’s CEO and CFO in securities of the Company from the Ontario Securities Commission, the Company’s principal regulator in Canada. If granted, the MCTO should not affect the ability of other shareholders to trade in the securities of the Company.

If the MCTO is granted, the Company intends to comply with the provisions of the alternative information guidelines set out in National Policy 12-203 – Management Cease Trade Orders by providing bi-weekly updates by way of press release until the Annual Filings have been made.

In the interim, until Annual Filings are submitted, management and other insiders of the Company are subject to a trading black-out policy that reflects the principles in section 9 of National Policy 11-207 – Failure to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.

About Flower One Holdings Inc.

Flower One is the largest cannabis cultivator, producer, and full-service brand fulfillment partner in the state of Nevada. By combining more than 20 years of greenhouse operational excellence with best-in-class cannabis operators, Flower One offers consistent, reliable, and scalable fulfillment to a growing number of industry-leading cannabis brands (Cookies, Kiva, Old Pal, Heavy Hitters, Lift Ticket’s, The Clear, and Flower One’s leading in-house brand, NLVO, and more). Flower One currently produces a wide range of products from flower, full-spectrum oils, and distillates to finished consumer packaged goods, including a variety of: pre-rolls, concentrates, edibles, topicals, and more for top-performing brands in cannabis. Flower One’s Nevada footprint includes the Company’s flagship facility, a 400,000 square-foot high-tech greenhouse and 55,000 square-foot production facility, as well as a second site with a 25,000 square-foot indoor cultivation facility and commercial kitchen. Flower One has built an industry-leading team focused on becoming the first high-quality, low-cost brand fulfillment partner.

The Company’s common shares are traded on the Canadian Securities Exchange under the Company’s symbol “FONE”, in the United States on the OTCQX Best Market under the symbol “FLOOF” and on the Frankfurt Stock Exchange under the symbol “F11”. For more information, visit: https://flowerone.com.

Cautionary Note Regarding Forward-Looking Information

Statements in this press release that are not statements of historical or current fact constitute “forward-looking information” within the meaning of Canadian securities laws and “forward-looking statements” within the meaning of United States securities laws (collectively, “forward-looking statements”). Such forward-looking statements involve known and unknown risks, uncertainties, and other unknown factors that could cause the actual results of the Company to be materially different from historical results or from any future actual results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms “believes,” “belief,” “expects,” “intends,” “anticipates,” “should,” “may,” “will,” “plans,” or other similar expressions to be uncertain and forward-looking.

Forward-looking statements may include, without limitation, the Company’s anticipated delay in making the Annual Filings, the date by which the Company intends to make the Annual Filings, the Company’s application for a customary MCTO, the expected absence of an impact on the ability of other securityholders to trade in the Company’s securities and the Company’s intention to comply with the provisions of the alternative information guidelines.

The forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement and the “Forward-Looking Statements” section contained in the Company’s management’s discussion and analysis for the nine and three months ended September 30, 2020 (the “MD&A”). All forward-looking statements in this press release are made as of the date of this press release. The forward-looking statements contained herein are also subject generally to assumptions and risks and uncertainties that are described from time to time in the Company’s public securities filings with the Canadian securities commissions, including the Company’s MD&A.

Although Flower One has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended.

Although the Company believes that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Accordingly, readers should not place undue reliance on forward-looking statements. Flower One disclaims and does not undertake any intention or obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Additional information regarding this and other risks and uncertainties relating to the Company’s business are contained under the heading “Risk Factors” in the MD&A.

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR THEIR REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Flower One Investor Relations

[email protected]

702.660.7775

Kellen O’Keefe, President & Interim CEO

Flower One Media

[email protected]

KEYWORDS: Nevada United States North America Canada

INDUSTRY KEYWORDS: Alternative Medicine Retail Health Other Natural Resources Agriculture Natural Resources Specialty

MEDIA:

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Malaga Financial Corporation Reports 13% Increase in First Quarter Earnings

PALOS VERDES ESTATES, Calif., April 16, 2021 (GLOBE NEWSWIRE) — Malaga Financial Corporation “Company” (OTCPink:MLGF), the parent company of Malaga Bank FSB, today reported that net income for the quarter ended March 31, 2021 was $4,716,000 ($0.61 basic and fully diluted earnings per share), an increase of $532,000 or 13% from net income of $4,184,000 ($0.54 basic and fully diluted earnings per share) for the quarter ended March 31, 2020. For the first quarter of 2021, the Company’s annualized return on average equity was 11.90% and the annualized return on average assets was 1.43%, as compared to 11.39% and 1.34%, respectively, for the same period in 2020.

The Company did not have any delinquent loans or foreclosed real estate owned at March 31, 2021. The Company’s allowance for loan losses was $3,686,000, or 0.31% of total loans, at March 31, 2021.

Net interest income totaled $9,604,000 in the first quarter of 2021, an increase of $789,000 or 9% from the first quarter of 2020. This increase was due primarily to an increase in excess interest-earning assets over interest-bearing liabilities of $13 million, and an increase of 0.12% in the interest rate spread to 2.90%. The increase in the interest rate spread is primarily attributable to a decrease of 0.42% in the average cost of funds offset by a 0.30% decrease in the yield on average interest-earning assets.

In the first quarter of 2021, operating expenses increased 3% to $3,132,000 from $3,034,000 in the first quarter of 2020. The increase is primarily attributed to increases in compensation of $68,000 and data processing of $21,000.

Randy C. Bowers, Chairman, President and CEO, commented, “The dedicated efforts of our staff in serving our clients under extremely challenging circumstances continues to produce excellent financial results. We are pleased to report a significant increase in earnings for the 1st Quarter 2021 compared with the same period in the prior year. We look forward to continued improvement in the economy and the results of efforts to reduce the effect of the pandemic over the remainder of 2021. We are optimistic about the future and look forward to better days ahead.”

Malaga’s total assets increased by 6% to $1.332 billion at March 31, 2021 compared to $1.251 billion at March 31, 2020. The loan portfolio at March 31, 2021 was $1.202 billion, an increase of $44 million or 4% from March 31, 2020. Malaga originates loans principally for its own portfolio and not for sale.

Malaga funds its assets with a mix of retail deposits, wholesale deposits and FHLB borrowings. Retail deposits totaled $746 million as of March 31, 2021, a $94 million increase from $652 million at March 31, 2020. Wholesale deposits, comprised mainly of State of California certificates of deposit and brokered deposits, totaled $127 million as of March 31, 2021, a $12 million decrease from $139 million at March 31, 2020. FHLB borrowings decreased $14 million or 5% from $289 million at March 31, 2020 to $275 million at March 31, 2021.

As of March 31, 2021, Malaga Bank was in compliance with all applicable regulatory capital requirements and was deemed “well-capitalized” under applicable regulations. Core capital and risk-based capital ratios were 12.85% and 22.43%, respectively, at March 31, 2021, significantly exceeding the minimum “well-capitalized” requirements of 5% and 10%, respectively.

Malaga Bank, a subsidiary of Malaga Financial Corporation, is a full-service community bank headquartered on the Palos Verdes Peninsula with six offices located in the South Bay area of Los Angeles. Malaga Bank has been named by DepositAccounts.com as one of the Top 200 Healthiest Banks out of the 5,035 banks analyzed across the United States. A more detailed breakdown of Malaga Bank’s A+ health score may be found in the health section of its dedicated page at www.depositaccounts.com/banks/malaga-bank-fsb.html#health. For over ten years Malaga Bank has been consistently recommended by one of the nation’s leading independent bank rating and research firms, Bauer Financial Inc. Malaga Bank was awarded Bauer’s premier Top 5-Star rating for the 53rdconsecutive quarter as of December 2020. Since 1985 Malaga has been delivering competitive banking services to residents and businesses of the South Bay, including real estate loan products custom-tailored to consumers and investors. As the largest community bank in the South Bay, Malaga is proud of its continuing tradition of relationship-based banking and legendary customer service. The Bank’s web site is located at www.malagabank.com.

Contact: Randy Bowers
Chairman, President and Chief Executive Officer
Malaga Financial Corporation
310-375-9000
[email protected]



Posted on

Imperial and SOQUEM Close the Transaction to Exchange Quebec Base Metal and Gold Property Interests

MONTREAL, April 16, 2021 (GLOBE NEWSWIRE) — Imperial Mining Group Ltd. (“Imperial”) (TSX VENTURE: IPG; OTCQB: IMPNF) is pleased to report that it has closed the transaction announced on March 21, 2021 with SOQUEM Inc., a Quebec Crown Corporation (“SOQUEM”) (the “Transaction”).

As part of the Transaction, Imperial Mining has sold its 100% undivided interest in the Carheil-Brouillan copper-zinc-silver property in Quebec to SOQUEM in exchange for a cash payment of $450,000. Imperial will retain a two per cent (2%) Net Smelter Royalty (“NSR”) on the property, which can be acquired by SOQUEM for an additional cash payment of $2.0 million. In addition, SOQUEM has transferred its 50% Joint Venture interest in the La Roncière gold property, giving Imperial a 100% interest, in exchange for a one and one quarter per cent (1.25%) NSR, which can be acquired by Imperial for $1.25 million in cash at any future date.

Carheil-Brouillan Property

As reported on March 21, 2021, Imperial is selling its 100% interest in the Carheil-Brouillan Project, located 120 km north of the town of La Sarre, Quebec and 5 km southwest of the former Selbaie Mine and consisting of 114 contiguous mining claims covering 5,425.2 ha. The Project can be accessed via Highway 393 going from La Sarre to Villebois and then north to the former Selbaie Mine.

La Roncière Gold Property

As part of the Transaction, SOQUEM has transferred its 50% JV interest to Imperial in the La Roncière gold property to give Imperial a 100% undivided interest in the property. The project is located 35 km east of Desmaraisville, Quebec and consists of 45 contiguous claims covering 2,509.95 ha and is accessible via Highway 113 going from Val d’Or to Chibougamau, Quebec.

ABOUT IMPERIAL MINING GROUP LTD.

Imperial is a Canadian mineral exploration and development company focused on the advancement of its technology metals projects in Québec. Imperial is publicly listed on the TSX Venture Exchange as “IPG” and on the OTCQB Exchange as “IMPNF” and is led by an experienced team of mineral exploration and development professionals with a strong track record of mineral deposit discovery in numerous metal commodities.

ABOUT SOQUEM

SOQUEM, a subsidiary of Investissement Québec, is dedicated to promoting the exploration, discovery and development of mining properties in Quebec. SOQUEM also contributes to maintaining strong local economies. A proud partner and ambassador for the development of Quebec’s mineral wealth, SOQUEM relies on innovation, research and strategic minerals to be well-positioned for the future.


For further information please contact:

Peter J. Cashin
President and Chief Executive Officer
Phone: +1 (514) 360-0571
Email:[email protected]		 CHF Capital Markets
Iryna Zheliasko, Manager-Corporate Communications
Phone: +1 (416) 868-1079 x229
Email:[email protected]

Website:
www.imperialmgp.com           Twitter: @imperial_mining         Facebook:Imperial Mining Group

This press release may contain forward-looking statements relating to the Company’s operations or to its business environment. Such statements are based on the Company’s operations, estimates, forecasts, and projections, but are not guarantees of future performance and involve risks and uncertainties that are difficult to predict or control. Several factors could cause actual outcomes and results to differ materially from those expressed. These factors include those set forth in the corporate filings. Although any such forward-looking statements are based upon what management believes to be reasonable assumptions, the Company cannot guarantee that actual results will be consistent with these forward-looking statements. In addition, the Company disclaims any intention or obligation to update or revise any forward-looking statements, for any reason. We also do not commit in any way to guarantee that we will continue reporting on items or issues that arise. Investors are cautioned that this press release contains quoted historical exploration results. These are derived from filed assessment reports and compiled from governmental databases. The Company and a QP have not independently verified and make no representations as to the accuracy of historical exploration results: these results should not be relied upon. Selected highlight results may not be indicative of average grades. 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 release.



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Marret Asset Management Announces Write-Up of Private Portfolio of Marret High Yield Strategies Fund and Marret Multi-Strategy Income Fund

Marret Asset Management Announces Write-Up of Private Portfolio of Marret High Yield Strategies Fund and Marret Multi-Strategy Income Fund

TORONTO–(BUSINESS WIRE)–
Marret Asset Management Inc. (“Marret”) today announced that Marret High Yield Strategies Fund (“MHY”) (CSE: MHY.UN) and Marret Multi-Strategy Income Fund (“MMF”) (CSE: MMF.UN) will take a 8.87% write-up in the value of securities held in Cline Mining Corporation (“Cline”). Cline is the main asset of MHY and MMF. As a result of the write-up, the net asset value per unit of MHY on April 16th will increase from $0.43 to $0.47 or by $0.04 per unit, the net asset value per class A unit of MMF on April 16th will increase from $0.21 to $0.22 or by $0.01 per class A unit, and the net asset value per class F unit of MMF on April 16th will increase from $0.22 to $0.24 or by $0.02 per class F unit.

The write-up reflects the appreciation of the shares of Allegiance Coal Limited (“Allegiance”) owned by Cline as the result of the sale of all the shares in New Elk Coal Company, LLC (“NECC”). It also reflects the progress made by Allegiance in raising capital and restarting NECC’s metallurgical coal mine near Trinidad, Colorado. Allegiance now plans NECC production to commence in the last week of April and shipments to be delivered in June. Marret will continue to try and optimize the Cline asset for the benefit of the unitholders of MHY and MMF and will report on any further material developments.

About Allegiance

Allegiance is a publicly listed (ASX:AHQ) Australian company advancing a metallurgical coal mine into production in British Columbia, Canada and the NECC mine in Colorado, USA.

About Marret Asset Management

Marret Asset Management Inc. is a specialist fixed-income manager. With mandates in investment grade credit, short-term cash alternatives, high yield and opportunistic distressed securities, Marret’s focus is on achieving positive absolute returns with emphasis on risk management. CI Financial Corp. (TSX: CIX, NYSE: CIXX) has a 65% ownership stake in Marret.

Forward-looking information

This press release contains forward-looking statements and information within the meaning of applicable securities legislation. Forward-looking statements can be identified by the expressions “seeks”, “expects”, “believes”, “estimates”, “will”, “target” and similar expressions. The forward-looking statements are not historical facts but reflect the current expectations of Marret and the managers of the underlying portfolios regarding future results or events and are based on information currently available to them. Certain material factors and assumptions were applied in providing these forward-looking statements. All forward-looking statements in this press release are qualified by these cautionary statements. Marret believes that the expectations reflected in forward-looking statements are based upon reasonable assumptions; however, Marret can give no assurance that the actual results or developments will be realized. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the matters discussed under “Risks Factors” in the annual information forms of MHY and MMF dated March 26, 2021. Readers, therefore, should not place undue reliance on any such forward-looking statements. Further, a forward-looking statement speaks only as of the date on which such statement is made. Marret undertakes no obligation to publicly update any such statement or to reflect new information or the occurrence of future events or circumstances except as required by securities laws. These forward-looking statements are made as of the date of this press release.

Marret Investor Relations, 416-214-5800

[email protected]

or

Kathleen Cooney, CCO & COO

[email protected]

KEYWORDS: North America Canada

INDUSTRY KEYWORDS: Professional Services Natural Resources Mining/Minerals Finance

MEDIA:

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Kessler Topaz Meltzer & Check, LLP Alert: Securities Fraud Class Action Lawsuit Filed Against Canoo Inc.

PR Newswire

RADNOR, Pa., April 16, 2021 /PRNewswire/ — The law firm of Kessler Topaz Meltzer & Check, LLP alerts Canoo Inc. (NASDAQ:  GOEV; GOEVW) (“Canoo”) f/k/a Hennessy Capital Acquisition Corp. IV (NASDAQ: HCAC; HCACW; HCACU) (“Hennessy Capital”) investors that a securities fraud class action lawsuit has been filed on behalf of those who purchased or acquired Canoo securities between August 18, 2020 and March 29, 2021, inclusive (the “Class Period”).


Lead Plaintiff Deadline:  June 1, 2021


Website:       

 
https://www.ktmc.com/canoo-class-action-lawsuit?utm_source=PR&utm_medium=Link&utm_campaign=Canoo 


Contact:       
James Maro, Esq. (484) 270-1453 

                       Adrienne Bell, Esq. (484) 270-1435

                       Toll free (844) 887-9500

Canoo Holdings Ltd. (“Canoo Holdings”) was an electric vehicle company that touted a “unique business model that defies traditional ownership to put customers first.”  On or about December 21, 2020, Canoo Holdings became a public entity via merger with Hennessy Capital, with the surviving entity named Canoo.

The complaint alleges that, throughout the Class Period, the defendants failed to disclose to investors that: (1) Canoo had decreased its focus on its plan to sell vehicles to consumers through a subscription model; (2) Canoo would deemphasize its engineering services business; (3) contrary to prior statements, Canoo did not have partnerships with original equipment manufacturers and no longer engaged in the previously announced partnership with Hyundai; and (4) as a result of the foregoing, the defendants’ positive statements about Canoo’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Canoo investors may, no later than June 1, 2021, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member.  A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation.  In order to be appointed as a lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class.  Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.

Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world.  The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars).  The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com.

CONTACT:

Kessler Topaz Meltzer & Check, LLP
James Maro, Jr., Esq.
Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087
(844) 887-9500 (toll free)
[email protected]

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SOURCE Kessler Topaz Meltzer & Check, LLP

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Central Garden & Pet Announces Pricing of $400 Million of Senior Notes

Central Garden & Pet Announces Pricing of $400 Million of Senior Notes

WALNUT CREEK, Calif.–(BUSINESS WIRE)–
Central Garden & Pet Company (NASDAQ: CENT, CENTA) (“Central”), announced today it has priced a private placement of $400 million aggregate principal amount of 4.125% senior notes due 2031 (the “Notes”). The sale of the Notes is expected to close on April 30, 2021, subject to customary closing conditions. The Notes will be unconditionally guaranteed on a senior basis by each of Central’s existing and future domestic restricted subsidiaries which are borrowers under or guarantors of Central’s senior secured revolving credit facility or guarantee Central’s other debt. Central intends to use the net proceeds from the offering to repay outstanding amounts under its senior secured revolving credit facility and for general corporate purposes.

The Notes have not been, and will not be, registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The Notes will be offered and sold to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act and outside the United States pursuant to Regulation S under the Securities Act.

This press release is for informational purposes only and shall not constitute an offer to buy or the solicitation of an offer to sell any securities, nor shall there be any sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Central Garden & Pet

Central Garden & Pet Company understands that home is central to life and has proudly nurtured happy and healthy homes for over 40 years. With 2020 net sales of $2.7 billion, Central is on a mission to lead the future of the pet and garden industries. The Company’s innovative and trusted products are dedicated to help lawns grow greener, gardens bloom bigger, pets live healthier and communities grow stronger. Central is home to a leading portfolio of more than 65 high-quality brands including Pennington, Nylabone, Kaytee, Amdro and Aqueon, strong manufacturing and distribution capabilities and a passionate, entrepreneurial growth culture. Central is based in Walnut Creek, California and has over 6,300 employees across North America and Europe.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995

The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks are described in Central’s Annual Report on Form 10-K, filed on November 24, 2020, Central’s Quarterly Report on Form 10-Q, filed on February 4, 2021, as well as Central’s other U.S. Securities and Exchange Commission filings. Central undertakes no obligation to publicly update these forward-looking statements to reflect new information, subsequent events or otherwise.

Investor Relations Contact:

Friederike Edelmann

(925) 412 6726

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Home Goods Construction & Property Pets Specialty Consumer Landscape Retail Residential Building & Real Estate

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