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Nickel Rock Resources Announces its New US-based Corporate Advisor and Exclusive Investment Banker, Network 1 Financial Securities, Inc.

PR Newswire

VANCOUVER, BC, Feb. 17, 2021 /PRNewswire/ — Nickel Rock Resources Inc. (“the Company” or “Nickel Rock”) TSXV: NICL, OTCQB: NIKLF is pleased to announce that it has entered into an Exclusive Corporate Advisory and Investment Banking Agreement with Network 1 Financial Securities, Inc. (“Network One”) effective February 9, 2021.  Network 1 Financial Securities, Inc. is an experienced and independent, full-service securities firm headquartered out of Red Bank, New Jersey. Network One provides capital raising, market making, M&A, and corporate advisory services, in addition to traditional retail and institutional brokerage services to its clients in North America, Asia, Australia and the UK. 

Network One has been retained by the Company to act as its exclusive investment banker and corporate advisor with respect to the development of the Company’s US corporate strategy, the selection of future Company board members, the structure of future US private placements, (including due diligence processes and investor verification services) and to assist the Company with an overall up-listing strategy to the NYSE or NASDAQ.  

Mr. Robert Setter, President & CEO of Nickel Rock, states “Having a well-respected and trusted corporate advisor closely working with us as we grow our company is essential to unlocking long term shareholder benefit.  Network One has successfully helped many companies such as ours and we look forward to working with their team of professionals as we grow.  Nickel Rock has always had its sights set on a NYSE or NASDAQ listing in the US, and Network One is a step in the right direction to developing the resources to make this happen.”

Mr. Edward Cabrera, Network One’s Managing Director adds “We have been following Nickel Rock Resources for quite some time including the senior management team and its mineral exploration properties.  Nickel Rock is a great example of a rapidly growing company looking to contribute to the green energy industry/ electric vehicle market with its nickel and lithium properties.   We believe that with the right guidance and support, Nickel Rock could be a significant player in this market.”


About Network 1 Financial Securities, Inc. 

Founded in 1983, Network 1 Financial Securities, Inc. is a full-service broker/dealer.  Its clients include high net worth individuals from many countries, institutional investors, managed pension funds and hedge funds.   Network 1 is committed to servicing each client on a personal level to help meet their individual financial goals. We believe that this commitment strengthens client relationships and, in turn, creates long-term associations.

Network One’s investment banking team has more than 100 years of combined experience, and provides services including Private Placements, PIPEs, Initial and Secondary Public Offerings, Bridge Financing, Merger and Acquisition assistance, market making and the ability to assist with up-listing to national exchanges.  Network 1 is committed to being a long-term, trusted advisors for its clients.

Network One is a member of the Financial Industry Regulatory Authority (“FINRA”), and the Securities Investor Protection Corporation (“SIPC”).

About Nickel Rock Resources Inc.

Nickel Rock Resources is a Canadian-based mineral exploration company with a highly focused effort on exploration for high-value battery metals required for the electric vehicle (EV) market. The company recently announced several acquisitions resulting in a significant property package prospective for awaruite, a naturally occurring nickel-iron alloy important in the manufacture of environmentally efficient batteries for the electric vehicle markets globally.

Lithium Project

The Clayton Valley Project is an early-stage lithium brine prospect in Esmeralda county, Nevada. A total of 77 placer claims covering about 640 hectares (1,500 acres) were staked over the western side of the Clayton Valley playa. The property position covers an inferred graben bounded by the Silver Peak range front on the west and Goat Island on the east. The exploration concept is the graben is a subbasin of the larger Clayton Valley basin and may represent a secondary trap for lithium brines within the greater system.

Nickel Projects

The Mount Sidney Williams Group consists of five claim blocks in four groups with a total area of 6,125.32 hectares in the area surrounding Mount Sidney Williams, both adjoining and near the Decar project of FPX Nickel Corp., located 100 kilometers northwest of Fort St. James, B.C., in the Omineca mining division. Metallic mineralization includes nickel, cobalt and chromium. At least some of the nickel mineralization occurs as awaruite.

The Mitchell Range Group area claim consist of two contiguous claim blocks covering 3,134.70 hectares with demonstrated metallic mineralization including nickel, cobalt and chromium. Nickel-cobalt mineralization has not been well explored, but the presence of awaruite has been documented. The company is planning detailed exploration for the upcoming exploration season. The acquisition of the Hard Nickel group and the Nickel 100 claims are subject to TSX Venture Exchange approval. Lithium projects

On Behalf of the Board of Directors

“Robert Setter”

Robert Setter, President & CEO

Neither the 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. This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guaranteeing future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements.  

Nickel Rock Resources Inc.
1220 – 789 West Pender Street  
Vancouver, BC, Canada V6C 1H2  
604- 428-5690  
www.nickelrockresources.com 
[email protected]

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SOURCE Nickel Rock Resources Inc.

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Clear Channel Outdoor Holdings, Inc. To Participate In The J.P. Morgan Global High Yield And Leveraged Finance Conference

PR Newswire

SAN ANTONIO, Feb. 17, 2021 /PRNewswire/ — Clear Channel Outdoor Holdings, Inc., (NYSE:CCO) announced today that William Eccleshare, CEO of Clear Channel Outdoor Holdings, Inc., Brian Coleman, CFO of Clear Channel Outdoor Holdings, Inc. and Scott Wells, CEO of Clear Channel Outdoor Americas are scheduled to participate in a question and answer session at the J.P. Morgan Global High Yield and Leveraged Finance Conference on Wednesday, March 3, 2021 at 8:30 a.m., Eastern Time.  A live audio webcast of the question and answer session will be available on Clear Channel Outdoor Holdings’ investor website at www.investor.clearchannel.com and will be available for replay on the website for 30 days. 

About Clear Channel Outdoor Holdings 

Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) is one of the world’s largest outdoor advertising companies with a diverse portfolio of approximately 500,000 print and digital displays in 31 countries across North America, Europe, Latin America and Asia, reaching millions of people monthly. A growing digital platform includes more than 16,000 digital displays in international markets and more than  2,000 digital displays (excluding airports), including more than 1,400 digital billboards, in the U.S.

Comprised of two business divisions – Clear Channel Outdoor Americas (CCOA), the U.S. and Caribbean business division, and Clear Channel International (CCI), covering markets in Europe, Latin America and Asia – CCO employs approximately 5,100 people globally. More information is available at investor.clearchannel.com, clearchanneloutdoor.com and clearchannelinternational.com.

 

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SOURCE Clear Channel Outdoor Holdings, Inc.

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Bank of Commerce Holdings Announces Adoption of Environmental and Social Risk Policy Framework

SACRAMENTO, Calif., Feb. 17, 2021 (GLOBE NEWSWIRE) — Bank of Commerce Holdings (NASDAQ: BOCH) (the “Company”), a $1.764 billion asset bank holding company and parent company of Merchants Bank of Commerce (the “Bank”), today announced that its Board of Directors has adopted a formal Environmental and Social Risk Policy Framework.

President and Chief Executive Officer Randall S. Eslick commented, “We are proud to have formally adopted this policy that reflects our corporate beliefs, philosophy and practices. We embrace strong governance and the underlying principles of diversity, social justice, environmental considerations and business integrity.” Mr. Eslick continued, “Our management team and Board are committed to an inclusive work force and a more diverse Board of Directors.”

The policy has been posted to the Company’s website, www.bankofcommerceholdings.com, and is available to all for viewing.

About Bank of Commerce Holdings

Bank of Commerce Holdings is a bank holding company headquartered in Sacramento, California and is the parent company for Merchants Bank of Commerce. The Bank is an FDIC-insured California banking corporation providing community banking and financial services in northern California along the Interstate 5 corridor from Sacramento to Yreka and in the North Bay wine region. The Bank was incorporated as a California banking corporation on November 25, 1981 and opened for business on October 22, 1982. The Company’s common stock is listed on the NASDAQ Global Market and trades under the symbol “BOCH”.



Contact Information

Randall S. Eslick, President and Chief Executive Officer
Telephone Direct (916) 677-5800

James A. Sundquist, Executive Vice President and Chief Financial Officer
Telephone Direct (916) 677-5825

Andrea M. Newburn, Vice President and Senior Administrative Officer / Corporate Secretary
Telephone Direct (530) 722-3959

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IBI Group Inc. to Announce Fourth Quarter and Year End 2020 Results and Host Conference Call / Webcast

TORONTO, Feb. 17, 2021 (GLOBE NEWSWIRE) — IBI Group Inc. (“IBI” or the “Company”) intends to release its financial and operating results for the three and twelve months ended December 31, 2020 after markets close on Thursday, March 11, 2021.

The Company will host a conference call on Friday, March 12, 2021 at 8:30 a.m. ET during which IBI’s Chief Executive Officer, Scott Stewart, and Chief Financial Officer, Stephen Taylor, will discuss the Company’s financial and operating results followed by a question and answer session. A live audio webcast of this call is available by entering the following URL into your web browser:

https://produceredition.webcasts.com/starthere.jsp?ei=1419428&tp_key=5bd5c0e54b

Conference Call Details:

Date: Friday, March 12, 2021
Time: 8:30 a.m. ET
Dial In: North America: 1-888-390-0546
Dial In: Toronto Local / International: 416-764-8688

Replay: North America: 1-888-390-0541
Replay: Toronto Local / International: 416-764-8677
Replay Passcode: 923079#

A recording of the conference call will be available within 24 hours following the call at the Company’s website. The conference call replay will be available until March 26, 2021.

About IBI Group Inc.

IBI Group Inc. (TSX:IBG) is a technology-driven design firm with global architecture, engineering, planning, and technology expertise spanning over 60 offices and 2,700 professionals around the world. For nearly 50 years, its dedicated professionals have helped clients create livable, sustainable, and advanced urban environments. IBI Group believes that cities thrive when designed with intelligent systems, sustainable buildings, efficient infrastructure, and a human touch. Follow IBI Group on Twitter @ibigroup and Instagram @ibi_group.

For additional information, please contact:

Stephen Taylor, CFO
IBI Group Inc.
55 St. Clair Avenue West
Toronto, ON M5V 2Y7        
Tel: 1-416-596-1930
www.ibigroup.com 



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Univest Securities, LLC. Announces Closing of $70 Million Follow-on Offering for its Client Ebang International Holdings Inc. (Nasdaq: EBON)

New York, Feb. 17, 2021 (GLOBE NEWSWIRE) — Univest Securities, LLC, a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of a previously announced best-effort follow-on public offering for the sale of 14 million units (the “Offering”) by its client Ebang International Holdings Inc. (Nasdaq: EBON) (the “Company”), a blockchain technology company in the global market, for which Univest Securities, LLC. acted as the exclusive agent. Univest Securities, LLC was able to raise aggregate proceeds of approximately US $70 million for the Company, with the placement of 14 million units at a purchase price of $5.00 per unit. Each unit consists of one Class A ordinary share and one warrant to purchase one-half of one Class A ordinary share of the Company. Each two warrants have an exercise price per Class A ordinary share of US$5.25.

On February 11, 2021, the Company entered into Securities Purchase Agreements with institutional investors that have agreed to purchase an aggregate of 14 million units at the initial closing. The units and the warrants have been registered pursuant to a registration statement declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on February 10, 2021 and a registration statement pursuant to Rule 462(b) of the Securities Act of 1933, as amended, which became effective upon filing on February 11, 2021. The Company may hold one or more additional closings until the maximum number of units, up to 19,200,000 units, are sold or the Offering is terminated. The Company’s Class A ordinary shares are listed on the Nasdaq Global Select Market under the symbol “EBON.” On February 11, 2021, the Company also entered into a Placement Agent Agreement with Univest Securities, LLC, as representative of the several placement agents identified therein, including Lake Street Capital Markets, LLC.

The Company intends to use the net proceeds from the Offering primarily for research, development, production and sales of ASICs and equipment related to cryptocurrencies, expansion of its cryptocurrency mining business as well as establishment and operation of cryptocurrency mining farms, and general corporate purposes, which may include working capital needs and other corporate uses.

The units are offered pursuant to the Company’s registration statement on Form F-1, as amended, which was originally filed with the SEC on February 5, 2021 and became effective on February 10, 2021, and pursuant to a registration statement on Form F-1MEF filed on February 11, 2021 which became effective upon filing. The units may be offered only by means of a prospectus forming a part of the effective registration statement. Copies of the final prospectus may be obtained at the SEC’s website at http://www.sec.gov. Electronic copies of the prospectus may also be obtained by contacting Univest Securities, LLC at 375 Park Ave #1502, New York, NY 10152, by phone (212) 343-8888 or e-mail [email protected].

This press release shall 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 offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. This press release contains information about the Offering, and there can be no assurance that the additional closings will be completed.

About Univest Securities, LLC

Registered with FINRA since 1994, Univest Securities, LLC provides a wide variety of financial services to its institutional and retail clients globally including brokerage and execution services, sales and trading, market making, investment banking and advisory, wealth management. It strives to provide clients with value-add service and focuses on building long-term relationship with its clients. For more information, please visit: www.univest.us.

About Ebang International Holdings Inc.

Ebang International Holdings Inc. is a blockchain technology company with strong application-specific integrated circuit (ASIC) chip design capability. With years of industry experience and expertise in ASIC chip design, it has become a leading bitcoin mining machine producer in the global market with steady access to wafer foundry capacity. With its licensed or registered entities in various jurisdictions, the Company seeks to launch a professional, convenient and innovative digital asset financial service platform to expand into the upstream and the downstream of blockchain and cryptocurrency industry value chain. For more information, please visit https://ir.ebang.com.cn/.


Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding the sale of the maximum number of units registered in the Offering. Further information regarding the Offering is included in the Company’s filings with the U.S. Securities and Exchange Commission.

For more information, please contact:

Univest Securities, LLC.
Edric Guo
Executive Director of Investment Banking
375 Park Avenue #1502
New York, NY 10152
Phone: (212) 343-8888
Email: [email protected]



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Broadscale Acquisition Corp. Announces Closing of Upsized $345 Million Initial Public Offering

NEW YORK, Feb. 17, 2021 (GLOBE NEWSWIRE) — Broadscale Acquisition Corp. (the “Company”) today announced that it closed its upsized initial public offering of 34,500,000 units at a price of $10.00 per unit, which includes the exercise in full by the underwriter of its over-allotment option to purchase an additional 4,500,000 units. Total gross proceeds from the offering were $345,000,000, before deducting underwriting discounts and commissions and other offering expenses. The units are listed on The Nasdaq Capital Market and trade under the ticker symbol “SCLEU.” Each unit consists of one share of Class A common stock of the Company and one-fourth of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock of the Company at a price of $11.50 per share, subject to adjustment, and only whole warrants are exercisable. Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on The Nasdaq Capital Market under the symbols “SCLE” and “SCLEW,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade.

The Company is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. The Company intends to focus its search for a business combination target on opportunities that align with its mission of “Disruption for Good”– that is, the transformation of traditional industries in positive ways that generate tangible improvements to the well-being of the global population, particularly with respect to energy, transportation, buildings, manufacturing, and food and agriculture.

The Company’s sponsor is a joint venture of Andrew L. Shapiro’s Broadscale Group and Jonathan Z. Cohen and Edward E. Cohen’s HEPCO Capital Management. The Company is led by Andrew L. Shapiro, Chairman and Chief Executive Officer; Dan Leff, Senior Operating Partner; and John Hanna, Chief Financial Officer and Head of Acquisitions. The team also includes independent directors Lisa Coca, Andy Karsner, and Georgia Levenson Keohane, as well as senior advisors Stephan Dolezalek, Ray Lane, and Heather Zichal.

Morgan Stanley acted as sole book-running manager for the offering.

The offering was made only by means of a prospectus. Copies of the prospectus may be obtained from:     

Morgan Stanley & Co. LLC
Attention: Prospectus Department
180 Varick Street, 2nd Floor
New York, NY 10014

Registration statements relating to these securities have been filed with the Securities and Exchange Commission (“SEC”) and became effective on February 11, 2021. This press release shall not constitute an offer to sell or the 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.

This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering and the anticipated use of the net proceeds. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the Securities and Exchange Commission (“SEC”). Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.


Contacts

Andrew Shapiro
Chairman and Chief Executive Officer
[email protected]
(646) 849-9977                                

John Hanna
Chief Financial Officer and Head of Acquisitions
[email protected]                  
(917) 941-4273



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Belden’s Executive Chairman John Stroup to Retire

 Belden’s Executive Chairman John Stroup to Retire

ST. LOUIS–(BUSINESS WIRE)–
Belden Inc. (NYSE: BDC), a leading global supplier of specialty networking solutions, announced today that Executive Chairman John Stoup has notified the Board of his intention to retire from Belden and the Board of Directors in May following the annual meeting of shareholders. Mr. Stroup served as Belden’s Chief Executive Officer from October 2005 until May 2020, when he was appointed Executive Chairman and Roel Vestjens succeeded him as President and CEO. Mr. Stroup was elected Chairman of the Board in November 2016. Belden’s Lead Independent Director, David Aldrich, will be appointed Chairman of the Board in May.

“It has been a privilege to lead this great company and its Board of Directors. I am proud of what we accomplished and how well-positioned Belden is for continued success,” said Mr. Stroup. “This is an exciting time for the Company, and I could not be more pleased with the CEO transition process. I am certain that under Roel’s leadership and the collective guidance of the Board, the Company will continue to thrive.”

Mr. Vestjens said, “Under John’s strong leadership, we established Belden as a clear industry leader with a portfolio of great products and technologies, and positioned the Company for profitable growth. John was instrumental in driving growth, innovation, and operational improvement at Belden, and his significant contributions will have a lasting impact. I thank John for his many outstanding accomplishments, and I am extraordinarily grateful for his mentorship over the years.”

David Aldrich, Lead Independent Director of Belden, commented, “On behalf of our Board of Directors, I want to congratulate John on his highly distinguished career and offer our most sincere appreciation for his extraordinary leadership over the years as CEO and Chairman. During his tenure, we made great progress in transforming the Company and building a solid foundation for sustainable long-term value creation.”

About Belden

Belden Inc. delivers a comprehensive product portfolio designed to meet the mission-critical network infrastructure needs of industrial and enterprise markets. With innovative solutions targeted at reliable and secure transmission of rapidly growing amounts of data, audio and video needed for today’s applications, Belden is at the center of the global transformation to a connected world. Founded in 1902, the company is headquartered in St. Louis and has manufacturing capabilities in North and South America, Europe and Asia. For more information, visit us at www.belden.com or follow us on Twitter @BeldenInc.

Belden Investor Relations

314-854-8054

[email protected]

KEYWORDS: United States North America Missouri

INDUSTRY KEYWORDS: Networks Hardware Data Management Audio/Video Technology

MEDIA:

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OFS Credit Company Provides January 2021 Net Asset Value Update

OFS Credit Company Provides January 2021 Net Asset Value Update

CHICAGO–(BUSINESS WIRE)–
OFS Credit Company, Inc. (NASDAQ: OCCI) (“OFS Credit,” the “Company,” “we,” “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced the following net asset value (“NAV”) estimate as of January 31, 2021.

  • Management’s unaudited estimate of the range of our NAV per share of our common stock as of January 31, 2021 is between $14.09 and $14.19. This estimate is not a comprehensive statement of our financial condition or results for the month ended January 31, 2021. This estimate did not undergo the Company’s typical quarter-end financial closing procedures and was not approved by the Company’s board of directors. We advise you that our NAV per share as of January 31, 2021, which will be reported in our monthly report on Form N-PORT, may differ materially from this estimate.

We believe that the COVID-19 pandemic presents material uncertainty and risks with respect to the underlying value of the Company’s investments, financial condition, results of operations and cash flows. Further, the operational and financial performance of the Company has been, and may continue to be, significantly impacted by the COVID-19 pandemic, which in turn has, and may continue to have, an impact on the valuation of the Company’s investments. As a result, the fair value of the Company’s portfolio investments may be materially impacted after January 31, 2021 by circumstances and events that are not yet known. To the extent the Company’s portfolio investments are further adversely impacted by the effects of the COVID-19 pandemic, the Company may experience a material adverse impact on its future net investment income, the fair value of its portfolio investments, its financial condition and the financial condition of its portfolio investments.

The preliminary financial data included in this press release has been prepared by, and is the responsibility of, OFS Credit’s management. KPMG LLP has not audited, reviewed, compiled, or applied agreed-upon procedures with respect to the preliminary financial data. Accordingly, KPMG LLP does not express an opinion or any other form of assurance with respect thereto.

About OFS Credit Company, Inc.

OFS Credit is a non-diversified, externally managed closed-end management investment company. The Company’s investment objective is to generate current income, with a secondary objective to generate capital appreciation primarily through investment in CLO debt and subordinated securities. The Company’s investment activities are managed by OFS Capital Management, LLC, an investment adviser registered under the Investment Advisers Act of 19401, as amended, and headquartered in Chicago, Illinois with additional offices in New York and Los Angeles.

Forward-Looking Statements

Statements in this press release regarding management’s future expectations, beliefs, intentions, goals, strategies, plans or prospects may constitute forward-looking statements. Forward-looking statements can be identified by terminology such as “anticipate,” “believe,” “could,” “could increase the likelihood,” “estimate,” “expect,” “intend,” “is planned,” “may,” “should,” “will,” “will enable,” “would be expected,” “look forward,” “may provide,” “would” or similar terms, variations of such terms or the negative of those terms. Such forward-looking statements involve known and unknown risks, uncertainties and other factors including those risks, uncertainties and factors referred to in documents that may be filed by OFS Credit from time to time with the Securities and Exchange Commission, as well as the impact of the global COVID-19 pandemic and significant market volatility on our business, our portfolio companies, our industry and the global economy. As a result of such risks, uncertainties and factors, actual results may differ materially from any future results, performance or achievements discussed in or implied by the forward-looking statements contained herein. OFS Credit is providing the information in this press release as of this date and assumes no obligations to update the information included in this press release or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

1 Registration does not imply a certain level of skill or training

INVESTOR RELATIONS:

OFS Credit Company, Inc.

Steve Altebrando, 646-652-8473

[email protected]

MEDIA RELATIONS:

Bill Mendel

212-397-1030

[email protected]

KEYWORDS: United States North America Illinois

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

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IIROC Trading Halt – ISH

Canada NewsWire

VANCOUVER, BC, Feb. 17, 2021 /CNW/ – The following issues have been halted by IIROC:

Company: Inner Spirit Holdings Ltd.

CSE Symbol: ISH

All Issues: Yes

Reason: At the request of the Company Pending News

Halt Time (ET): 3:46 PM 

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

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Vistra’s Effort to Powering Texas During Unprecedented Winter Storm

PR Newswire

IRVING, Texas, Feb. 17, 2021 /PRNewswire/ — Vistra (NYSE: VST), through its integrated retail and power generation business, is committed to providing an essential product – electricity – and exceptional customer service every day of the year, and especially during this historic winter storm.

“Our people have worked around the clock, across the company and especially at our power plants, under difficult circumstances and continue to do so. We know that many of our fellow Texans are without electricity and are suffering through this unprecedented winter weather event. We are committed to doing everything possible to provide electricity to them with the utmost urgency,” said Curt Morgan, CEO of Vistra. 

Vistra is powered by a diverse fleet of generation sources, made up of nuclear, natural gas, coal, solar, and battery energy storage. While the weather has created a number of challenges, of the company’s nearly 19,000 megawatts of capacity, only approximately 1,000 megawatts are currently not able to produce electricity. Most of the remaining 18,000 megawatts are producing electricity with the balance of the capacity constrained due to challenges with receiving a steady supply of fuel for some plants as well as challenges with handling fuel already on site given the freezing conditions. Luminant, Vistra’s generation subsidiary, is working with the electric utilities, natural gas pipelines and producers, and the railroad companies to obtain as much fuel supply as possible. 

Power plant teams executed a significant winter preparedness strategy to keep electricity flowing to the Texas power grid during this unprecedented, extended winter weather event. Through these efforts and dealing with the challenges with fueling, Vistra estimates that it was able to produce approximately 25-30% of the power on the grid Monday and Tuesday, compared to its market share of capacity of approximately 18%.

Luminant has a winter weather preparedness process that includes an extensive checklist of items to review prior to the start of the season.  This process includes installing windbreaks and large radiant heaters to supplement existing freeze protection and insulation, and performing preventative maintenance on freeze protection equipment such as the insulation and automatic circuitry designed to keep pipes from freezing. Around-the-clock weather monitoring, especially of critical instruments, occurs as well as coordination with ERCOT, the Public Utilities Commission of Texas, and the Railroad Commission of Texas.

Vistra recognizes that this unprecedented winter weather event in Texas is not over and we are continuing to focus on taking every action possible to keep our plants online, delivering the maximum electricity possible to Texans.

About Vistra

Vistra (NYSE: VST) is a premier, integrated, Fortune 275 retail electricity and power generation company based in Irving, Texas, providing essential resources for customers, commerce, and communities. Vistra combines an innovative, customer-centric approach to retail with safe, reliable, diverse, and efficient power generation. The company brings its products and services to market in 20 states and the District of Columbia, including six of the seven competitive wholesale markets in the U.S. and markets in Canada and Japan, as well. Serving approximately 4.3 million residential, commercial, and industrial retail customers with electricity and natural gas, Vistra is one of the largest competitive electricity providers in the country and offers over 50 renewable energy plans. The company is also the largest competitive power generator in the U.S. with a capacity of approximately 39,000 megawatts powered by a diverse portfolio, including natural gas, nuclear, solar, and battery energy storage facilities. In addition, the company is a large purchaser of wind power. The company is currently constructing a 400-MW/1,600-MWh battery energy storage system in Moss Landing, California, which is the largest of its kind in the world. Vistra is guided by four core principles: we do business the right way, we work as a team, we compete to win, and we care about our stakeholders, including our customers, our communities where we work and live, our employees, and our investors. Learn more about our environmental, social, and governance efforts and read the company’s sustainability report at https://www.vistracorp.com/sustainability/.

Cautionary Note Regarding Forward-Looking Statements 
The information presented herein includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are based on current expectations, estimates and projections about the industry and markets in which Vistra Corp. (“Vistra”) operates and beliefs of and assumptions made by Vistra’s management, involve risks and uncertainties, which are difficult to predict and are not guarantees of future performance, that could significantly affect the financial results of Vistra. All statements, other than statements of historical facts, that are presented herein, or in response to questions or otherwise, that address activities, events or developments that may occur in the future, including such matters as activities related to our financial or operational projections, the potential impacts of the COVID-19 pandemic on our results of operations, financial condition and cash flows, projected synergy, value lever and net debt targets, capital allocation, capital expenditures, liquidity, projected Adjusted EBITDA to free cash flow conversion rate, dividend policy, business strategy, competitive strengths, goals, future acquisitions or dispositions, development or operation of power generation assets, market and industry developments and the growth of our businesses and operations (often, but not always, through the use of words or phrases, or the negative variations of those words or other comparable words of a future or forward-looking nature, including, but not limited to: “intends,” “plans,” “will likely,” “unlikely,” “believe,” “confident”, “expect,” “seek,” “anticipate,” “estimate,” “continue,” “will,” “shall,” “should,” “could,” “may,” “might,” “predict,” “project,” “forecast,” “target,” “potential,” “goal,” “objective,” “guidance” and “outlook”), are forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. Although Vistra believes that in making any such forward-looking statement, Vistra’s expectations are based on reasonable assumptions, any such forward-looking statement involves uncertainties and risks that could cause results to differ materially from those projected in or implied by any such forward-looking statement, including, but not limited to: (i) adverse changes in general economic or market conditions (including changes in interest rates) or changes in political conditions or federal or state laws and regulations; (ii) the ability of Vistra to execute upon the contemplated strategic, capital allocation, and performance initiatives and to successfully integrate acquired businesses; (iii) actions by credit ratings agencies; (iv) the severity, magnitude and duration of pandemics, including the COVID-19 pandemic, and the resulting effects on our results of operations, financial condition and cash flows; and (v) those additional risks and factors discussed in reports filed with the Securities and Exchange Commission by Vistra from time to time, including the uncertainties and risks discussed in the sections entitled “Risk Factors” and “Forward-Looking Statements” in Vistra’s annual report on Form 10-K for the year ended Dec. 31, 2019 and any subsequently filed quarterly reports on Form 10-Q.

Any forward-looking statement speaks only at the date on which it is made, and except as may be required by law, Vistra will not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date on which it is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible to predict all of them; nor can Vistra assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement.

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SOURCE Vistra Corp.