Market Newsdesk

EMERYVILLE, Calif., April 06, 2021 (GLOBE NEWSWIRE) — XOMA Corporation (Nasdaq: XOMA) (“XOMA” or the “Company”) today announced the pricing of its underwritten registered public offering of 1,400,000 depositary shares at an initial public offering price of $25.00 per depositary share, raising gross proceeds of $35.0 million before deducting underwriting discounts and other estimated offering expenses.  Each depositary share represents a 1/1000^th fractional interest in a share of the Company’s 8.375% Series B Cumulative Perpetual Preferred Stock.  Dividends on the Series B Preferred Stock underlying the depositary shares will be paid when declared by the Board at a fixed rate of 8.375% with liquidation preference equivalent to $25.00 per depositary share.

In connection with the offering, the Company has granted the underwriters a 30-day option to purchase up to an additional 200,000 depositary shares.  The offering is expected to close on or about April 9, 2021, subject to customary closing conditions.

The Company’s depositary shares are expected to begin trading on NASDAQ under the symbol “XOMAO” within 30 business days of the closing date of this offering, if approved.

The Company expects to use the net proceeds of this offering to fund the segregated dividend account and the remaining net proceeds for general corporate purposes, including funding future acquisitions of milestone and royalty rights associated with drug development programs with third-party funding.

B. Riley Securities, Inc., National Securities Corporation, Ladenburg Thalmann & Co. Inc., and William Blair & Company are acting as joint book-runners for this offering.  Aegis Capital Corp., Boenning & Scattergood, Inc., Incapital LLC, and Northland Capital Markets are acting as co-managers.

The depositary shares will be offered under the Company’s shelf registration statement on Form S-3, which was declared effective by the U.S. Securities and Exchange Commission (“SEC”).  The offering of these depositary shares will be made only by means of a prospectus and prospectus supplement.  A copy of the prospectus and prospectus supplement relating to these securities may be obtained, when available, from the website of the SEC at http://www.sec.gov or by contacting: B. Riley Securities, Inc., 1300 17th Street North, Suite 1300, Arlington, Virginia 22209, Attn: Prospectus Department, Email: [email protected], Telephone: (703) 312-9580.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the depositary shares in any state or jurisdiction in which such offer, solicitation, or sale would not be permitted.

About XOMA Corporation

XOMA has built a significant portfolio of products that are licensed to and being developed by other biotech and pharmaceutical companies.  The Company’s portfolio of partner-funded programs spans multiple stages of the drug development process and across various therapeutic areas.  Many of these licenses are the result of XOMA’s pioneering efforts in the discovery and development of antibody therapeutics.  The Company’s royalty-aggregator business model includes acquiring additional milestone and royalty rights associated with drug development programs with third-party funding.

Safe Harbor Statement / Explanatory Notes

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “anticipates,” “expect,” “may,” “plan” or “will”.  Forward-looking statements include, without limitation, projections, predictions, expectations, or beliefs about future events or results and are not statements of historical fact, including statements regarding the terms and conditions and timing of the offering and the intended use of proceeds.  You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the availability of, and participation in, financing opportunities.  These and other risks are identified in our filings with the Commission, including without limitation our Annual Report on Form 10-K for the year ended December 31, 2020, and in other filings subsequently made by the Company with the Commission.  All forward-looking statements contained in this press release speak only as of the date on which they were made and are based on management’s assumptions and estimates as of such date.  We do not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events or otherwise.

EXPLANATORY NOTE: Any references to “portfolio” in this press release refer strictly to milestone and/or royalty rights associated with a basket of drug products in development.  Any references to “assets” in this press release refer strictly to milestone and/or royalty rights associated with individual drug products in development.  References to royalties or royalty rates strictly refer to future potential payment streams regardless of whether or not they are technically defined as royalties in the underlying contractual agreement; further, any rates referenced herein are subject to potential future contractual adjustments.

As of the date of this press release, all assets in XOMA’s milestone and royalty portfolio are investigational compounds.  Efficacy and safety have not been established.  There is no guarantee that any of these assets will become commercially available.

LITTLE ROCK, Ark., April 06, 2021 (GLOBE NEWSWIRE) — Uniti Group Inc. (the “Company,” “Uniti,” or “we”) (Nasdaq: UNIT) today announced that its subsidiaries, Uniti Group LP, Uniti Group Finance 2019 Inc. and CSL Capital, LLC (together, the “Issuers”), have priced their offering of $570 million aggregate principal amount of 4.75% senior secured notes due 2028 (the “new notes”). The new notes will be issued at an issue price of 100.00%. The new notes will be guaranteed on a senior unsecured basis by the Company and on a senior secured basis by each of its subsidiaries (other than the Issuers) that guarantees indebtedness under the Company’s senior secured credit facilities and the Company’s existing secured notes (except initially those subsidiaries that require regulatory approval prior to guaranteeing the new notes). The new notes and the subsidiary guarantees will be secured by first-priority liens on substantially all of the assets of the Issuers and the subsidiary guarantors (other than certain excluded assets), which liens also ratably secure the Company’s senior secured credit facilities and existing secured notes. The offering is expected to close on April 20, 2021.

The Issuers intend to use the net proceeds from the offering of the new notes to fund the redemption (the “Redemption”) in full of the outstanding 6.00% senior secured notes due 2023 (the “2023 secured notes”), including related premiums, fees and expenses in connection with the foregoing. The notice of redemption issued today for the 2023 secured notes is conditioned upon completion of one or more debt financings in an aggregate principal amount of at least $570 million. This press release does not constitute a notice of redemption with respect to the 2023 secured notes.

The new notes 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 under the Securities Act or any applicable state securities laws. The new notes will be offered only to persons reasonably believed to be qualified institutional buyers under Rule 144A under the Securities Act and outside the United States in compliance with Regulation S under the Securities Act.

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

ABOUT UNITI

Uniti, an internally managed real estate investment trust, is engaged in the acquisition and construction of mission critical communications infrastructure, and is a leading provider of wireless infrastructure solutions for the communications industry. As of December 31, 2020, Uniti owns over 123,000 fiber route miles, approximately 6.9 million fiber strand miles, and other communications real estate throughout the United States. Additional information about Uniti can be found on its website at www.uniti.com.

FORWARD-LOOKING STATEMENTS

Certain statements in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended from time to time. Those forward-looking statements include all statements that are not historical statements of fact, including those regarding the proposed offering of the new notes.

Words such as “anticipate(s),” “expect(s),” “intend(s),” “plan(s),” “believe(s),” “may,” “will,” “would,” “could,” “should,” “seek(s)” and similar expressions, or the negative of these terms, are intended to identify such forward-looking statements. These statements are based on management’s current expectations and beliefs and are subject to a number of risks and uncertainties that could lead to actual results differing materially from those projected, forecasted or expected. Although we believe that the assumptions underlying the forward-looking statements are reasonable, we can give no assurance that our expectations will be attained. Factors which could have a material adverse effect on our operations and future prospects or which could cause actual results to differ materially from our expectations include, but are not limited to, the future prospects of our largest customer, Windstream Holdings, Inc. (together with Windstream Holdings II, LLC, its successor in interest, and its subsidiaries, “Windstream”) following its emergence from bankruptcy; adverse impacts of the COVID-19 pandemic on our employees, our business, the business of our customers and other business partners and the global financial markets; the ability and willingness of our customers to meet and/or perform their obligations under any contractual arrangements entered into with us, including master lease arrangements; the ability of our customers to comply with laws, rules and regulations in the operation of the assets we lease to them; the ability and willingness of our customers to renew their leases with us upon their expiration, and the ability to reposition our properties on the same or better terms in the event of nonrenewal or in the event we replace an existing tenant; adverse impacts of litigation affecting us or our customers; our ability to renew, extend or retain our contracts or to obtain new contracts with significant customers (including customers of the businesses that we acquire); the availability of and our ability to identify suitable acquisition opportunities and our ability to acquire and lease the respective properties on favorable terms or operate and integrate the acquired businesses; the risk that we fail to fully realize the potential benefits of acquisitions or have difficulty integrating acquired companies; our ability to generate sufficient cash flows to service our outstanding indebtedness and fund our capital funding commitments; our ability to access debt and equity capital markets (including to fund required payments pursuant to our settlement with Windstream); adverse impacts of changes to our business, economic trends or key assumptions regarding our estimates of fair value, including potential impacts of recent developments surrounding Windstream that could result in an impairment charge in the future, which could have a significant impact to our reported earnings; the possibility that the Redemption is not consummated on the anticipated terms, if at all; the impact on our business or the business of our customers as a result of credit rating downgrades and fluctuating interest rates; our ability to retain our key management personnel; our ability to maintain our status as a real estate investment trust (a “REIT”); changes in the U.S. tax law and other federal, state or local laws, whether or not specific to REITs, including the impact of the 2017 U.S. tax reform legislation, the CARES Act, the Families First Coronavirus Response Act and the 2021 Appropriations Act; covenants in our debt agreements that may limit our operational flexibility; our expectations regarding the effect of the COVID-19 pandemic on our results of operations and financial condition; the possibility that we may experience equipment failures, natural disasters, cyber attacks or terrorist attacks for which our insurance may not provide adequate coverage; the risk that we fail to fully realize the potential benefits of or have difficulty in integrating the companies we acquire; other risks inherent in the communications industry and in the ownership of communications distribution systems, including potential liability relating to environmental matters and illiquidity of real estate investments; and additional factors described from time to time in our reports filed with the U.S. Securities and Exchange Commission.

Uniti expressly disclaims any obligation to release publicly any updates or revisions to any of the forward-looking statements set forth in this press release to reflect any change in its expectations or any change in events, conditions or circumstances on which any statement is based.

INVESTOR AND MEDIA CONTACTS:

Mark A. Wallace, 501-850-0866
Executive Vice President, Chief Financial Officer & Treasurer
[email protected]

Bill DiTullio, 501-850-0872
Vice President, Finance and Investor Relations
[email protected]

CALGARY, Alberta, April 06, 2021 (GLOBE NEWSWIRE) — Canadian Greenfield Technologies Corp. (CGT), an award-winning engineering & manufacturing company (est.2002), is announcing the offering of full divestiture of its commercialized NForce-Fiber^® Technology – the world’s only ASTM/CSA compliant, hemp-based fiber reinforcement for concrete, replacing environmentally problematic and non-sustainable glass and plastic fiber in the multi-billion-dollar concrete construction market.

A truly disruptive technology, NForce-Fiber^® has been fully market-proven on a pilot scale since 2016. The pilot market testing involved close to a hundred commercial projects around the world over the last 5 years, all of which are on the record. The high-performance of NForce-Fiber^®, as well as the enormous, rapidly growing market demand, have both been rigorously verified. The product performance was monitored and fully documented by independent, world-renown experts – based on industry recognized ASTM/CSA compliance standards. Since its launch in 2016 NForce-Fiber^® remains the only commercialized, high performance, engineered, hemp-based concrete fiber in the world, while commanding the highest value (up to $25/lb, $55/kg). 

NForce-Fiber^® is an environmentally sustainable product, with proven superiority in technical performance over plastic and glass fiber, which is driving demand for NForce-Fiber^® to well over what the current pilot plant can produce.  The US concrete fiber market is currently valued at ~$2B. Commercial factories for NForce-Fiber^® manufacture are required around the world, with possible payback in less than a year for factories making 1,000,000 lbs (500,000 kg) of NForce-Fiber^® per year.

CGT is offering full divestiture of the NForce-Fiber^® Technology, including engineering and construction of the first NForce-Fiber^® Factory, anywhere in the world, for USD$9.6M.  A more detailed description of the NForce-Fiber^® Business Package is available upon request.

About Canadian Greenfield Technologies Corp.

Canadian Greenfield Technologies Corp. is an industry leader with unparalleled expertise in hemp processing and is the only supplier of complete whole plant hemp processing facilities in North America, having developed, designed, engineered, and manufactured the revolutionary HempTrain™ Advanced Processing Plant for open market. CGT is the manufacturer of HempAlta™-branded hemp products for a wide-range of industries, including pet care, garden care, food preservation and hemp-infused products as well as the ASTM/CSA-compliant NForce-Fiber^® reinforcement for concrete – the technology now being offered for sale. For more information visit www.canadiangreenfield.com.

Follow Canadian Greenfield Technologies Corp. on LinkedIn, Facebook, Instagram and Twitter. For further information contact [email protected].

San Francisco, California, April 06, 2021 (GLOBE NEWSWIRE) — US Capital Global Securities LLC, an affiliate of global private financial group US Capital Global, is pleased to announce the successful closing of $10 million in equity financing for EQITrade Limited (“EQITrade”).

EQITrade’s subsidiary, EQIBank Limited (“EQIBank”), is aleading digital bank for businesses and high-net-worth individuals, providing 24/7 cloud-based banking in multiple currencies to 180 countries and territories, and unlike its competitors, its services are offshore and tax-exempt.

Headquartered in San Francisco, US Capital Global is a full-service private financial group with an established track record in corporate finance, asset management, and capital formation services. All private placements, securities, and other related services are offered by the group’s FINRA-member broker dealer affiliate, US Capital Global Securities LLC.

“US Capital Global Securities served as the lead financial advisor for this capital formation,” said Pankaj Vashisth, Vice President at US Capital Global. “Last year, US Capital Global advised on a convertible note offering for EQIBank, which was oversubscribed in just 90 days, following strong interest from the investment community. We are very pleased to have now successfully provided additional growth financing for the company. With the current COVID-19 pandemic, I believe EQIBank is well-positioned to grow and develop a new global standard of tailored personal and corporate online banking services.”

About EQIBank Limited

EQIBank is one of the world’s leading innovative banks and strives to provide more products to more countries than any other digital bank. EQIBank is the world’s first global digital bank aimed solely at businesses and high-net-worth individuals and provides offshore, tax-exempt, and tailored personal and corporate banking services to clients in 180 countries and territories. With 24/7 cloud-based access, real time insights, and high barriers to entry, EQIBank’s strategy is to accelerate simplification, using Open Banking Standards and Open APIs to create a new global standard of banking. www.eqibank.com

About US Capital Global

US Capital Global Securities LLC is the FINRA-member broker-dealer division of US Capital Global that acts as placement agent for growth-stage companies, projects, and investment funds. Since 1998, the US Capital Global team has been committed to providing lower middle market businesses and investors with sophisticated debt, equity, and investment opportunities usually available only to upper middle market companies and institutional investors, using the latest FinTech and RegTech innovation. US Capital Global entities manage direct investment funds and provide wealth management and capital raise services. US Capital Global Securities LLC or its affiliates may provide advice to, be compensated by, or may from time to time acquire, hold or sell a position in the securities of, the issuers mentioned herein. Any such offer or solicitation shall be made only pursuant to the confidential private placement memorandum. View USCGS’ Form CRS at www.uscgs.com/crs.html.

To learn more about US Capital Global, email Jeffrey Sweeney, Chairman and CEO, at [email protected] or call +1 415-889-1010.

Attachments

• eqibank-privatebanking
• eqi-trade-10mm

Montreal Quebec, April 06, 2021 (GLOBE NEWSWIRE) — Montreal, Quebec April 6, 2021 – SRG Mining Inc. (TSXV: SRG) (“SRG” or the “Company”) announced today that further to its press release dated January 26, 2021 announcing a private placement in the form of a convertible debt financing for USD$7.5M (approximately CAD$9.53M) (the “Financing”) with Sprott Private Resource Lending II (Collector), LP (“Sprott”), and the announcement of March 26, 2021 announcing the closing of the first tranche of the Financing for USD$800,000 which matured on April 2, 2021 (the “First Tranche”), the Company would like to provide a general update to the market.

Considering the Company’s current working capital needs, market conditions and SRG’s bid on the assets of North American Lithium Inc. (“NAL”), Sprott has agreed to refinance the First Tranche and replace it with a new secured credit agreement for USD$1.6M (the “USD$1.6M Note”) which was funded on the date hereof and represents a fresh cash injection of USD$800,000, as the balance will be used to refinance and replace the previously announced convertible financing under the First Tranche.

The USD$1.6M Note, includes a refinancing and a replacement of the previously announced USD$800,000 First Tranche, as well as a fresh cash injection on the same terms which are for the totality of the amount; (i) an interest rate of 8% per annum, (ii) a term expiring on July 31, 2023, (iii) is convertible into common shares of the Company, at the discretion of Sprott, at a conversion price equal to C$0.69 per share and (iv) includes the issuance of warrants as described herein.

Concurrently, the Company has issued transferable common share purchase warrants to Sprott exercisable for up to 2,913,623 common shares of the Company at C$0.69 per share until July 31, 2023. The above noted securities are subject to a four-month hold period.‎

As for the Financing announced on January 26, 2021, the parties continue to finalize the terms and conditions of the Financing, including the conversion price. The Financing and the USD1.6M Note (as it concerns the refinancing of the First Tranche and the new cash injection) remain subject to applicable rules and approvals of the TSX Venture Exchange (the “TSXV”).

About SRG Mining

SRG Mining is a Canadian-based mining company focused on developing the Lola graphite deposit located in the Republic of Guinea, West Africa. SRG is committed to operating in a socially, environmentally, and ethically responsible manner.

For additional information, please visit SRG’s website at www.srgmining.com.

Contact :

Benoit La Salle, FCPA FCA

Email: [email protected]

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This press release contains “forward-looking information” within the meaning of Canadian securities legislation. All information contained herein that is not clearly historical in nature may constitute forward-looking information. Generally, such forward-looking information can be identified by the use of forward-looking terminology such as “firm”, “anticipated”, “potential”, “will”, “continue”, “demonstrate”, “deliver”, “believe”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would” or “might”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: (i) volatile stock price; (ii) the general global markets and economic conditions; (iii) the possibility of write-downs and impairments; (iv) the risk associated with exploration, development and operations of mineral deposits and mine plans for the Company’s mining operations; (v) the risk associated with establishing title to mineral properties and assets including permitting, development, operations and production from the Company’s operations being consistent with expectations and projections; (vi) fluctuations in commodity prices, finding offtake takers and potential clients or enforcing such agreements against same and other risks and factors described or referred to in the section entitled “Risk Factors” in the MD&A of the Company and which is available at www.sedar.com, all of which should be reviewed in conjunction with the information found in this news release.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Such forward-looking information has been provided for the purpose of assisting investors in understanding the Company’s business, operations and exploration plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is given as of the date of this press release, and the Company does not undertake to update such forward-looking information except in accordance with applicable securities laws.