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CYCROWN Launches Dremax E-Bike: Torque/Cadence Switchable Mode with 720Wh Samsung Battery, Up to 65 Miles Français

CYCROWN Launches Dremax E-Bike: Torque/Cadence Switchable Mode with 720Wh Samsung Battery, Up to 65 Miles Français

Cision Canada12 hours ago

NEW YORK, June 30, 2025 /CNW/ -- On June 30, CYCROWN, a trusted manufacturer in the electric bike industry, officially launches the Dremax E-Bike in the United States and Canada, with shipping beginning the same day. Designed to meet the diverse needs of modern riders, the Dremax is available at a special launch price of $1,349 for the first 24 hours, reduced from its original retail price of $1,699.
Blending advanced engineering with real-world usability, the Dremax is tailored for urban commuters, weekend explorers, and health-conscious riders alike. From weekday office travel to scenic weekend outings, the e-bike provides a reliable, comfortable, and highly adaptable cycling experience. Its dual-sensor drive system allows effortless switching between Torque mode, ideal for smooth acceleration and intuitive assistance, and Cadence mode, offering a more traditional pedaling rhythm for relaxed, responsive rides.
Powered by a 852W peak motor and a Samsung 48V 15Ah battery, the Dremax delivers top speeds of up to 28 MPH and a maximum range of 65 miles on a single charge. Whether navigating city streets, suburban trails, or hilly paths, the e-bike's performance ensures confidence across varied terrain. For retired or semi-retired individuals who prioritize wellness and outdoor activity, the Dremax offers both the freedom to explore and the comfort to do so with ease.
The e-bike also features real-time ride tracking, customizable settings via iOS and Android apps, and a center-mounted LCD display for intuitive control. Safety and comfort are central to its design, with dual disc brakes, UL-certified components, and 27.5×2.4" Kenda wide tires paired with a front suspension system that absorbs road impact for a smooth, stable ride.
The Dremax excels in performance and value, featuring advanced capabilities and a stylish design. Ideal for fitness enthusiasts and casual riders, it offers low-impact cardio and versatility. With three colors and two frame styles—Step-over and Step-through—it accommodates diverse user preferences, especially considering the comfort of female cyclists with the Step-through design.
At CYCROWN, innovation begins with the rider. Every model is shaped by feedback and real-world use, creating e-bikes that go beyond transportation. With affordable and reliable e-bikes for all riders, CYCROWN aims to enhance their quality of life and promote eco-friendly mobility by offering cutting-edge technology for increased performance.

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TELUS Announces Pricing of Cash Tender Offers for Eight Series of Debt Securities Français
TELUS Announces Pricing of Cash Tender Offers for Eight Series of Debt Securities Français

Cision Canada

timean hour ago

  • Cision Canada

TELUS Announces Pricing of Cash Tender Offers for Eight Series of Debt Securities Français

VANCOUVER, BC, June 30, 2025 /CNW/ - TELUS Corporation (the "Company") announced today the pricing terms of its previously announced separate offers (the "Offers") to purchase for cash up to the Maximum Purchase Amount (as defined in the Offer to Purchase dated June 20, 2025 (the "Offer to Purchase"), as previously amended) of its outstanding notes of the series listed in the table below (collectively, the "Notes"). The Offers The Offers were made upon the terms and subject to the conditions set forth in the Offer to Purchase relating to the Notes. Capitalized terms used but not defined in this news release have the meanings given to them in the Offer to Purchase. The table below sets out the aggregate principal amount of Notes accepted for purchase, the Reference Yield and the Total Consideration in respect of the Notes validly tendered and accepted for purchase pursuant to the Offers for such Notes. ______________ (1) No representation is made by the Company as to the correctness or accuracy of the CUSIP number or ISIN listed in this news release or printed on the Notes. They are provided solely for convenience. (2) Reference Yield refers to the yield based on the bid-side price of the applicable Reference Security as specified in the table above, as quoted on the applicable Bloomberg Reference Page as of 11:00 a.m. (Eastern time) on June 30, 2025. The sum of the Reference Yield and the Fixed Spread is referred to as the "Offer Yield". (3) Per C$1,000 principal amount of Notes validly tendered, and not validly withdrawn, at or prior to June 27, 2025 (the "Expiration Date") and accepted for purchase; excludes the Accrued Coupon Payment. The Financing Condition as described in the Offer to Purchase has been satisfied as a result of the closing of the Company's previously announced offering of junior subordinated notes in an aggregate principal amount of US$1.5 billion. Settlement Payment of the Total Consideration for the Notes accepted for purchase will be made by the Company on the "Settlement Date", which is expected to occur on July 3, 2025 (the "Settlement Date"). In addition to the Total Consideration, Holders whose Notes are accepted for purchase will receive a cash payment equal to the Accrued Coupon Payment, representing accrued and unpaid interest on such Notes from and including the immediately preceding interest payment date for such Notes to, but excluding, the Settlement Date. Holders whose Notes are accepted for purchase will lose all rights as a Holder of the tendered Notes and interest will cease to accrue on the Settlement Date for all Notes accepted in the Offer. Following consummation of the Offer, any Notes that are purchased in the Offer will be retired and cancelled and no longer remain outstanding. All Notes not accepted for purchase by the Company will be returned without cost to the tendering Holders. The Company has retained RBC Dominion Securities Inc. ("RBC"), BMO Nesbitt Burns Inc. ("BMO"), CIBC World Markets Inc. ("CIBC"), Scotia Capital Inc. ("Scotia") and TD Securities Inc. ("TD") to act as lead dealer managers and Desjardins Securities Inc., National Bank Financial Inc., J.P. Morgan Securities Canada Inc., SMBC Nikko Securities Canada, Ltd., Wells Fargo Securities Canada, Ltd. and ATB Securities Inc. to act as co-dealer managers (collectively, the "Dealer Managers") for the Offers. Questions regarding the terms and conditions for the Offers or for copies of the Offer to Purchase should be directed to RBC at 1-877-381-2099 (toll-free) or 1-416-842-6311 (collect), BMO at 1-833-418-0762 (toll-free) or 1-416-359-6359 (collect), CIBC at 1-416-594-8515 (collect), Scotia at 1-416-863-7438 (collect) or TD at 1-866-584-2096 (toll-free) or 1-416-982-6451 (collect). You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Offers. Computershare Investor Services Inc. is acting as Tender Agent for the Offers. If the Company terminates any Offer with respect to one or more series of Notes, it will give prompt notice to the Tender Agent, and all Notes tendered pursuant to such terminated Offer will be returned promptly to the tendering Holders thereof. With effect from such termination, any Notes blocked in CDS will be released. Offer and Distribution Restrictions The Offers were made solely pursuant to the Offer to Purchase. This news release does not constitute a solicitation of an offer to buy any securities in the United States. No Offer constitutes an offer or an invitation by, or on behalf of, TELUS or the Dealer Managers (i) to participate in the Offers in the United States; (ii) to, or for the account or benefit of, any "U.S. person" (as such term is defined in Regulation S of the U.S. Securities Act of 1933, as amended); or (iii) to participate in the Offers in any jurisdiction in which it is unlawful to make such an offer or solicitation in such jurisdiction, and such persons are not eligible to participate in or tender any securities pursuant to the Offers. No action has been or will be taken in the United States or any other jurisdiction that would permit the possession, circulation or distribution of this news release, the Offer to Purchase or any other offering material or advertisements in connection with the Offers to (i) any person in the United States; (ii) any U.S. person; (iii) anyone in any other jurisdiction in which such offer or solicitation is not authorized; or (iv) any person to whom it is unlawful to make such offer or solicitation. Accordingly, neither this news release, the Offer to Purchase nor any other offering material or advertisements in connection with the Offers may be distributed or published, in or from the United States or any such other jurisdiction (except in compliance with any applicable rules or regulations of such other jurisdiction). Tenders will not be accepted from any holder located or resident in the United States. In any jurisdiction in which the securities laws require the Offers to be made by a licensed broker or dealer, the Offers will be deemed to have been made on behalf of the Company by the Dealer Managers or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction. This news release is for informational purposes only. This news release is not an offer to purchase or a solicitation of an offer to sell any Notes or any other securities of TELUS or any of its subsidiaries. Forward-looking Statements This news release contains statements about future events, including statements regarding the terms and timing for completion of the Offers, including the expected Settlement Date. By their nature, forward-looking statements require us to make assumptions and predictions and are subject to inherent risks and uncertainties including risks associated with capital and debt markets. There is significant risk that the forward-looking statements will not prove to be accurate. Forward-looking statements are provided herein for the purpose of giving information about the Offers referred to above. Readers are cautioned that such information may not be appropriate for other purposes. Readers are cautioned not to place undue reliance on forward-looking statements as a number of factors could cause actual future performance and events to differ materially from those described in the forward-looking statements. Accordingly, this news release is subject to the disclaimer and the qualifications and risk factors as set out in our 2024 annual management's discussion and analysis and in our first quarter 2025 management's discussion and analysis and in other TELUS public disclosure documents and filings with securities commissions in Canada (on SEDAR+ at and in the United States (on EDGAR at The forward-looking statements contained in this news release describe our expectations at the date of this news release and, accordingly, are subject to change after such date. Except as required by law or the Offer to Purchase, TELUS disclaims any intention or obligation to update or revise forward-looking statements. About TELUS TELUS (TSX: T, NYSE: TU) is a world-leading communications technology company operating in more than 45 countries and generating over C$20 billion in annual revenue with more than 20 million customer connections through our advanced suite of broadband services for consumers, businesses and the public sector. We are committed to leveraging our technology to enable remarkable human outcomes. TELUS is passionate about putting our customers and communities first, leading the way globally in client service excellence and social capitalism. Our TELUS Health business is enhancing more than 150 million lives across 200 countries and territories through innovative preventive medicine and well-being technologies. Our TELUS Agriculture & Consumer Goods business utilizes digital technologies and data insights to optimize the connection between producers and consumers. Guided by our enduring 'give where we live' philosophy, TELUS, our team members and retirees have contributed C$1.8 billion in cash, in-kind contributions, time and programs including 2.4 million days of service since 2000, earning us the distinction of the world's most giving company. For more information, visit or follow @TELUSNews on X and @Darren_Entwistle on Instagram. Investor Relations Bill Zhang [email protected] Media Relations Steve Beisswanger [email protected]

KARNALYTE RESOURCES INC. ANNOUNCES ANNUAL AND SPECIAL MEETING VOTING RESULTS
KARNALYTE RESOURCES INC. ANNOUNCES ANNUAL AND SPECIAL MEETING VOTING RESULTS

Cision Canada

timean hour ago

  • Cision Canada

KARNALYTE RESOURCES INC. ANNOUNCES ANNUAL AND SPECIAL MEETING VOTING RESULTS

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./ SASKATOON, SK, June 30, 2025 /CNW/ - Karnalyte Resources Inc. (" Karnalyte" or the " Company") (TSX: KRN) announced today that all nominee directors listed in the management information circular dated May 26, 2025, were elected as directors of the Company at the annual and special meeting of the Company's shareholders held on June 30, 2025 (the " Meeting") in Saskatoon, Saskatchewan. At the meeting, 28,370,934 shares were voted, representing 53.24% of the Company's issued and outstanding common shares. The voting results for all matters brought forth at the Meeting are set out below. ELECTION OF DIRECTORS APPOINTMENT OF AUDITORS APPROVAL OF UNALLOCATED STOCK OPTION PLAN NUMBER OF SHARES VOTED IN FAVOR % IN FAVOR NUMBER OF SHARES VOTED AGAINST % AGAINST Unallocated Options 26,248,085 93.58 1,800,731 6.42 ABOUT KARNALYTE RESOURCES INC. Karnalyte Resources Inc. is a development stage company focused on two fertilizer products, potash and nitrogen, to be produced and manufactured in Saskatchewan. Karnalyte owns the construction ready Wynyard Potash Project, with planned phase 1 production of 625,000 tonnes per year (" TPY") of high grade granular potash, and two subsequent phases of 750,000 TPY each, taking total production up to 2.125 million TPY. Karnalyte is also exploring the development of the Proteos Nitrogen Project, which is a proposed small-scale nitrogen fertilizer plant with a nameplate production capacity of approximately 700 metric tonnes per day (" MTPD") of ammonia and approximately 1,200 MTPD of urea, and a target customer market of independent fertilizer wholesalers in Central Saskatchewan.

Crown Capital Announces Closing of Private Placement Offering of Debentures to Insiders and Issuance of Shares to Insiders in Lieu of Cash Compensation
Crown Capital Announces Closing of Private Placement Offering of Debentures to Insiders and Issuance of Shares to Insiders in Lieu of Cash Compensation

Cision Canada

time3 hours ago

  • Cision Canada

Crown Capital Announces Closing of Private Placement Offering of Debentures to Insiders and Issuance of Shares to Insiders in Lieu of Cash Compensation

CALGARY, AB, June 30, 2025 /CNW/ - Crown Capital Partners Inc. ("Crown" or the "Corporation") (TSX: CRWN) today announces it has completed a non-brokered private placement offering (the "Offering") of: (a) $1,400,000 principal amount of 10% convertible redeemable secured subordinated debentures of the Corporation due December 31, 2026 (each a "Insider Convertible Debenture"); and (b) $100,000 principal amount of 10% convertible redeemable secured subordinated debentures of the Corporation due June 30, 2026 (each a "Insider Non-Convertible Debenture" and together with the Convertible Insider Debentures, the "Insider Debentures") to insiders of the Corporation ("Insider Debentureholders"). On December 29, 2023, the Corporation issued $1,500,000 principal amount of 10% redeemable secured subordinated debentures of the Corporation (the "Former Insider Debentures") to the Insider Debentureholders which were due and payable on June 30, 2025. The Corporation was not able to raise the funds required to repay the Former Insider Debentures from external sources on terms acceptable to the Corporation. In order to address the maturity of the Former Insider Debentures on June 30, 2025, the Corporation repaid the Former Insider Debentures on maturity and then immediately issued the Insider Debentures. The Insider Debentures bear interest at a rate of 10% per annum from the date of issue, payable in arrears semi-annually on June 30 and December 31 of each year, commencing on December 31, 2025. The principal amount of each Insider Debenture, plus all accrued and unpaid interest thereon are redeemable by the Corporation, without penalty, upon 30 days prior written notice to the Insider Debentureholders for a cash amount equal to the principal amount of the Insider Debentures plus any accrued and unpaid interest. Prior to redemption, the Insider Debentureholders that hold Insider Convertible Debentures will have the option to convert any Insider Convertible Debentures, excluding any accrued and unpaid interest that is payable in cash, at the applicable conversion price. The redemption of the Insider Debentures may not be satisfied by the Corporation issuing common shares of the Corporation ("Common Shares"). The Insider Debentures have been granted a security interest by the Corporation by way of a charge to and in favor of the Insider Debentureholders on all the Corporation's property and assets, subject only to permitted encumbrances. The security for the Insider Debentures ranks subordinate to the senior indebtedness of the Corporation but senior to the 11% secured subordinated debentures of the Corporation due December 31, 2026 that are listed on the TSX under the trading symbol " The security for the Non-Convertible Insider Debentures ranks senior to the Insider Convertible Debentures. In connection with the Offering, the Corporation and its subsidiaries entered into an amending agreement to the credit agreement with its senior lender, Sandton Investments IX (Luxembourg) S.A.R.L. dated December 18, 2024. Commencing on June 30, 2026, the Convertible Insider Debentures, excluding any accrued and unpaid interest payable thereon, shall be convertible, at the option of the Insider Debentureholders, into Common Shares. The price at which the Convertible Insider Debentures may be converted into Common Shares will depend on when the Convertible Insider Debentures are converted. The different conversion prices of the Insider Convertible Debentures are set forth below: Each of the following Insider Debentureholders of the Corporation participated in the Offering directly or through corporations controlled by them or through persons related to them: John Brussa, Christopher Johnson, Alan Rowe, Steven Sharpe, C. Robert Gillis and Charles Frischer. These Insider Debentureholders purchased all of the Insider Debentures sold pursuant to the Offering (the "Insider Subscriptions"). The Insider Subscriptions are considered to be a "related party transaction" for the purposes of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). In accordance with MI 61-101, the Corporation is not required to obtain a formal valuation in accordance with Section 5.5(c) of MI 61-101. The Corporation obtained minority shareholder approval for the Offering and the Insider Subscriptions in accordance with MI 61-101 at a meeting of shareholders held on June 26, 2025. The Corporation also announces today that is has completed the issuance of 305,186 Common Shares to certain insiders of the Corporation at a deemed price of $1.10 per Common Share in lieu of compensation owed to such insiders by the Corporation (the "Settlement Share Issuance") as set forth in the management information circular of the Corporation dated May 23, 2025. The Settlement Share Issuance is considered to be a "related party transaction" for the purposes of MI 61-101. In accordance with MI 61-101, the Corporation is not required to obtain a formal valuation or minority approval of the Settlement Share Issuance in accordance with Section 5.5(c) and Section 5.7(1)(a) of MI 61-101, respectively. In accordance with the company manual of the Toronto Stock Exchange, the Offering and Settlement Share Issuance required the approval of the disinterested shareholders of the Corporation. As previously announced by the Corporation on June 27, 2025, the issuance of the Insider Debentures and the Settlement Share Issuance were approved by the disinterested shareholders of the Corporation at the meeting of shareholders held on June 26, 2025. All securities issued in connection with the Offering and the Settlement Share Issuance are subject to a hold period of four-months and one day in accordance with applicable securities laws. The final closing of the Offering and the Settlement Share Issuance are each subject to receipt of all necessary approvals, including the approval of the Toronto Stock Exchange. Founded in 2000 within Crown Life Insurance Company, Crown Capital Partners is a capital partner to entrepreneurs and growth businesses mainly operating in the telecommunications infrastructure, distribution services, and distributed power markets. We focus on growth industries that require a specialized capital partner, and we aim to create long-term value by acting as both a direct investor in operating businesses serving these markets and as a manager of investment funds for institutional partners. For additional information, please visit FORWARD-LOOKING STATEMENTS This news release contains certain "forward looking statements" and certain "forward looking information" as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements, management's beliefs, expectations or intentions regarding the closing of the Offering and the use of the proceeds of the Offering. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Crown's periodic filings with Canadian securities regulators. See Crown's most recent annual information form for a detailed discussion of the risk factors affecting Crown. Crown undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. SOURCE Crown Capital Partners Inc.

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