Latest news with #TorontoStockExchange
Cision Canada
16 hours ago
- Business
- Cision Canada
NORTHCLIFF ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FINANCING
VANCOUVER, BC, June 19, 2025 /CNW/ - Northcliff Resources Ltd. ("Northcliff" or the "Company") (TSX: NCF) announces that it has arranged a non-brokered private placement (the "Private Placement") of 19,842,128 common shares of the Company ("Common Shares") at a price of C$0.06 per Common Share (based on the five day VWAP of the Common Shares for the five trading days ended May 29, 2025) for gross proceeds of C$1,190,527.68. The Common Shares issued are subject to applicable resale restrictions, including a hold period of four months and one day from the closing of the Private Placement under Canadian securities rules. The Private Placement is subject to customary closing conditions including final Toronto Stock Exchange approval. Proceeds of the Private Placement will be used to fund the Company's share of expenditures related to the Sisson Project and for working capital and general corporate purposes. Todd Sisson (NZ) Limited ("Todd"), a subsidiary of the Todd Corporation and a shareholder that holds in excess of 10% of the issued and outstanding Common Shares, will subscribe for 16,157,166 Common Shares under the Private Placement. Andrew Ing, a director and officer of the Company, will subscribe for 323,242 Common Shares under the Private Placement and Scott Cousens, a director of the Company, will subscribe for 1,292,970 Common Shares under the Private Placement. Additionally, Barb Thomas, the spouse of Trevor Thomas, an officer of the Company, will subscribe for 77,578 Common Shares under the Private Placement. Each of Todd, Andrew Ing, Scott Cousens and Barb Thomas are considered to be "insiders" by the Toronto Stock Exchange. The participation by each of Todd, Andrew Ing and Scott Cousens constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying upon the exemptions from the formal valuation and minority shareholder approval requirements pursuant to sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101 on the basis that neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the transaction insofar as it involves interested parties (within the meaning of MI 61-101) in the Private Placement exceeds 25% of the Company's market capitalization calculated in accordance with MI 61-101. As the terms of the Private Placement, including insider participation, were only recently finalized, the Company will file a material change report less than 21 days before the expected closing of the Private Placement. The Company believes this shorter period is reasonable in the circumstances in order to complete the Private Placement in a timely and efficient manner. Upon closing of the Private Placement, Todd shall exercise its right to nominate a second director, Mr. Evan Davies, to the Company's Board of Directors. Mr. Davies has been a senior executive at Todd since 2008 and has been Group CEO since early 2023. He has significant commercial and management experience across a range of industries. Before joining Todd as Managing Director of Todd Property, he was the initial Managing Director of SkyCity Entertainment Group, growing the company from a single site to having business operations throughout New Zealand, South Australia and the Northern Territory with an enterprise value of NZ$3 billion and more than 6,000 staff. He also has business interests in farming and viticulture and is involved with several charitable and public sector enterprises. Mr. Davies holds a Bachelor of Town Planning from the University of Auckland, a Master of Science in Tourism Management from the University of Surrey and a Master of Philosophy in Urban and Regional Planning from the University of Birmingham. Northcliff Chairman, President and CEO Andrew Ing said "On behalf of the Northcliff Board of Directors, I would like to welcome Evan Davies to the Board and look forward to the benefit of his business expertise and strategic advice as we progress the Sisson Critical Minerals Project." About Northcliff Resources Ltd. Northcliff is a mineral resource company focused on advancing the Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada, to production. Additional information on Northcliff is available on the website at Investor services can be reached at (604) 684-6365 or within North America at 1-800-667-2114. On behalf of the Board of Directors Andrew Ing Chairman, President & CEO This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address the proposed Private Placement, or other events that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at
Global News
a day ago
- Business
- Global News
More than half of Canadian renters plan to buy. So what's stopping them?
New data shows that although more than half of Canadian renters say they spend more than a third of their net income on rent, many are seriously considering purchasing a home sooner rather than later. However, there are factors holding them back. 'Affordability has improved and we wanted to understand if that had impacted the attitude of renters towards making a move from being a tenant to an owner,' says CEO of Royal LePage Phil Soper. 'We did find that 54 per cent of those polled did want to move into owned housing.' According to the 2025 Canadian Renters Report, 54 per cent of those currently renting their homes this year plan to purchase a property in five years or less, with one-third of those respondents saying they plan to do so within the next two years. Story continues below advertisement At the same time, many of those who plan to buy say they're still waiting to jump into the market. This may raise the question — what are they waiting for, exactly? Of those renters who said they were considering purchasing a home within the next few years, 40 per cent said they were waiting for property prices to decline, while 29 per cent said they were waiting on further interest rate cuts by the Bank of Canada. The central bank's overnight, or benchmark, interest rate remains at 2.75 per cent, as it has since April with the economy overall taking a cautious approach amid the trade war brought on by U.S. President Donald Trump's tariff policies. 1:28 Ground broken on new development to bring 230 affordable homes to Calgary 'Waiting rarely, rarely works out well…it's very rare to see home prices decline,' says Soper. Story continues below advertisement 'Home prices don't come down. Just like overall cost of living rises over time, so does the cost of housing, and you shouldn't try to time house prices like you're getting into timing a stock on the Toronto Stock Exchange.' Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy For other Canadians surveyed, it may be less about timing the market and more about being priced out of it altogether. Of those surveyed who currently rent but are looking to purchase within the next five years, more than 25 per cent said the reason they haven't made a purchase yet was that they couldn't qualify for financing or a mortgage. There are multiple reasons why a bank or other lender may deny a loan, like a mortgage, to someone, including a poor credit score, but if that isn't the case, often it comes down to an insufficient down payment or a household income that is too low to support the monthly payments. The government of Canada recommends saving personal funds for a down payment on a home between five and 20 per cent of the purchase price, but that varies depending on the price of that home and other factors. 2:01 Canada to accelerate affordable housing with $25 billion investment, Carney says Many renters may not be able to save enough every month to reach their goals in addition to monthly rent costs. Story continues below advertisement The survey results showed that of all renters nationally, 30 per cent said they had to reduce their contributions to savings, retirement or both in order to afford their rent payments. 'It takes sacrifices to live in cities and pay rents or pay mortgages, and I think therein lies one of the challenges with living in a country like Canada where we have a structural housing shortage, we don't have enough homes for our growing population,' says Soper. 'Rent and mortgage payments are high if you want to live in the most vibrant cities with the most employment opportunities.' Prime Minister Mark Carney campaigned on several affordability measures, including lowering some income taxes and providing GST relief for first-time buyers. Sales in Canada have already started to rise, as the Canadian Real Estate Association reports that in May, there was a 3.6 per cent increase in the number of units sold, signalling that many buyers who had been waiting took the plunge into the real estate market last month. The Leger survey, commissioned by Royal LePage, polled more than 1,800 Canadian renters over the age of 18 between June 2 and 9, and included those in major cities such as Vancouver, Edmonton, Calgary, Winnipeg, Toronto, Ottawa-Gatineau, Sherbrooke, Que., Quebec City and Montreal.
Cision Canada
3 days ago
- Business
- Cision Canada
CANSO CREDIT INCOME FUND - RECIRCULATION OF CLASS A UNITS (TSX Ticker: PBY.UN)
TORONTO, June 17, 2025 /CNW/ - Lysander Funds Limited announces that Canso Credit Income Fund (the "Fund") intends to recirculate Class A units of the Fund (TSX ticker: tendered for redemption under the Fund's annual redemption privilege. This recirculation is in accordance with the Fund's declaration of trust and a recirculation agreement between the Fund and RBC Dominion Securities Inc. ("RBC DS"). Pursuant to the recirculation agreement, RBC DS shall use commercially reasonable efforts to find purchasers for 96,667 Class A units of the Fund tendered for redemption on July 3, 2025, until 4:00 p.m. EST. Only Class A units of the Fund are listed on the Toronto Stock Exchange. You will usually pay brokerage fees to your dealer if you purchase or sell units of the Fund on the Toronto Stock Exchange. If the units are purchased or sold on the Toronto Stock Exchange, investors may pay more than the current net asset value when buying units of the Fund and may receive less than the current net asset value when selling them. There are ongoing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the Fund in these documents. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated. This document may contain forward-looking statements. Statements concerning the Fund's or entity's objectives, goals, strategies, intentions, plans, beliefs, expectations and estimates, and the business, operations, financial performance and condition are forward-looking statements. The words "believe", "expect", "anticipate", "estimate", "intend", "aims", "may", "will", "would" and similar expressions and the negative of such expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward- looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements. While Lysander Funds Limited considers these risks and uncertainties to be reasonable based on information currently available, they may prove to be incorrect.
Yahoo
3 days ago
- Business
- Yahoo
CANSO CREDIT INCOME FUND - RECIRCULATION OF CLASS A UNITS (TSX Ticker: PBY.UN)
TORONTO, June 17, 2025 /CNW/ - Lysander Funds Limited announces that Canso Credit Income Fund (the "Fund") intends to recirculate Class A units of the Fund (TSX ticker: tendered for redemption under the Fund's annual redemption privilege. This recirculation is in accordance with the Fund's declaration of trust and a recirculation agreement between the Fund and RBC Dominion Securities Inc. ("RBC DS"). Pursuant to the recirculation agreement, RBC DS shall use commercially reasonable efforts to find purchasers for 96,667 Class A units of the Fund tendered for redemption on July 3, 2025, until 4:00 p.m. EST. Only Class A units of the Fund are listed on the Toronto Stock Exchange. You will usually pay brokerage fees to your dealer if you purchase or sell units of the Fund on the Toronto Stock Exchange. If the units are purchased or sold on the Toronto Stock Exchange, investors may pay more than the current net asset value when buying units of the Fund and may receive less than the current net asset value when selling them. There are ongoing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the Fund in these documents. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated. This document may contain forward-looking statements. Statements concerning the Fund's or entity's objectives, goals, strategies, intentions, plans, beliefs, expectations and estimates, and the business, operations, financial performance and condition are forward-looking statements. The words "believe", "expect", "anticipate", "estimate", "intend", "aims", "may", "will", "would" and similar expressions and the negative of such expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward- looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements. While Lysander Funds Limited considers these risks and uncertainties to be reasonable based on information currently available, they may prove to be incorrect. SOURCE Canso Credit Income Fund View original content:
Yahoo
4 days ago
- Business
- Yahoo
Spot XRP ETF Set to Start Trading in Canada This Week After Regulatory Nod, Token Up 7%
Asset manager Purpose Investments is set to launch a spot XRP XRP exchange-traded fund (ETF) in Canada this week after obtaining regulatory approval, giving investors a way to gain exposure to the fourth-largest cryptocurrency by market capitalization through traditional investment ETF will start trading on the Toronto Stock Exchange on Wednesday, June 18, under the XRPP ticker, according to a Monday press release. The move comes after the Ontario Securities Commission (OSC) granted final prospectus receipt for the investment vehicle, the company said. XRP was up nearly 7% over the past 24 hours following the news, outperforming bitcoin BTC and the broad-market CoinDesk 20 Index. "The OSC's granting of a receipt for the Purpose XRP ETF prospectus reinforces Canada's global leadership in building a regulated digital asset ecosystem," Vlad Tasevski, chief innovation officer at Purpose Investments, said in a press release. Purpose Investments in 2021 launched in Canada the world's first spot bitcoin ETF, years before the vehicles' approval in the in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
