Latest news with #CAM
Globe and Mail
6 days ago
- Business
- Globe and Mail
Cascadia Announces Closing of Financing
VANCOUVER, BC , July 3, 2025 /CNW/ - Cascadia Minerals Ltd. (" Cascadia") (TSXV:CAM) (OTCQB:CAMNF) is pleased to announce that it has oversubscribed and closed its previously announced non-brokered private placement (the " Placement") for total proceeds of C$2,274,385 , in conjunction with Cascadia's planned acquisition of Granite Creek Copper Ltd. (the " Transaction"), see news release dated June 9, 2025 for more details. The Placement was oversubscribed by 174,180 subscription receipts. The Placement consisted of the sale of: (a) 14,459,894 subscription receipts (" Subscription Receipts") at a price of $0.14 per Subscription Receipt for gross proceeds of C$2,024,385 ; and (b) 1,785,714 units (" Cascadia Units") at a price of C$0.14 per Cascadia Unit for gross proceeds of C$250,000 . Each Subscription Receipt entitles the holder to receive at the effective time of the Transaction one unit of Cascadia consisting of one Cascadia share and one common share purchase warrant (a " Warrant"). Each Warrant will entitle the holder thereof to purchase an additional Cascadia share at a price of $0.24 per share for a period of two years following the date of issuance of the Warrant. The Cascadia Units also consist of one Cascadia share and one common share purchase warrant having the same terms as the Warrants forming part of the units underlying the Subscription Receipts. The proceeds from the sale of the Subscription Receipts will be held in escrow pending the closing of the Transaction. If the closing of the Transaction has not completed by August 29, 2025 , the Subscription Receipts will be cancelled and the escrowed proceeds returned to the subscribers. Cascadia will use the proceeds of the Placement to pay expenses associated with the Transaction and to conduct exploration on the Carmacks Project. Cascadia will pay cash finders' fees totalling $90,623 and issue a total of 647,308 finder warrants (" Finder Warrants") in connection with the financing, with such fees to be paid and warrants to be issued at the closing of the Transaction. Each Finder Warrant shall be exercisable into one common share of Cascadia for a period of 24 months from issue, at an exercise price of $0.24 per Finder Warrant. The Cascadia shares and warrants comprising the Cascadia Units and any Cascadia shares issuable upon the exercise of these warrants are subject to a hold period in Canada until November 4, 2025 . The Subscription Receipts are also subject to a hold period in Canada which ends on November 4, 2025 , but the Cascadia shares and Warrants issuable upon the conversion of the Subscription Receipts at the effective time of the Transaction and any Cascadia shares issued on the exercise of the Warrants will not be subject to a resale hold period in Canada . Insiders of Cascadia purchased a total of 1,071,429 Subscription Receipts and 1,785,714 Cascadia Units in the private placement. The participation of insiders in the private placement constitutes a related party transaction, within the meaning of TSX-V Policy 5.9 and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (" MI 61-101"). Cascadia has relied on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that the fair market value (as determined under MI 61-101) of insider participation in the Placement did not exceed 25 per cent of Cascadia's market capitalization. About Cascadia Cascadia is a Canadian junior mining company focused on making new copper and gold discoveries the Yukon and British Columbia . Cascadia's flagship Catch Property in the Yukon hosts a brand-new copper-gold porphyry discovery where inaugural drill results returned broad intervals of mineralization, including 116.60 m of 0.31% copper with 0.30 g/t gold. Catch exhibits extensive high-grade copper and gold mineralization across a 5 km long trend, with rock samples returning peak values of 3.88% copper, 1,065 g/t gold, and 267 g/t silver. Cascadia and Granite Creek Copper Ltd. recently announced a merger, whereby Cascadia will acquire all outstanding shares of Granite Creek by way of a plan of arrangement (see news release dated June 9, 2025 ). Granite Creek's flagship asset is the Carmacks Project in the high-grade Minto copper district in Yukon Territory, Canada . The project is located south of and within 35km of the past-producing Minto mine, which was recently acquired by Selkirk Copper Mines. The Carmacks Project hosts a Measured and Indicated Resource containing 651 Mlbs of copper and 302 koz of gold (36.3 million tonnes grading 0.81 % copper, 0.26 g/t gold, and 3.23 g/t silver and 0.01% molybdenum) with a 2023 PEA demonstrating positive economic potential ( $230.5 M Post-Tax NPV (5%) and 29% Post-Tax IRR). QA/QC The technical information in this news release has been approved by Andrew Carne , VP Corporate Development for Cascadia and a qualified person for the purposes of National Instrument 43-101. Prospecting grab samples referenced in this release represent highlight results only, and include results from 2024 and previous seasons. Below detection values for copper, gold and silver have been encountered in grab samples in these target areas. For more details on Catch drilling and prospecting results, please see Cascadia's News Releases dated July 25, 2024 , and July 19, 2023 . The Mineral Resources disclosed here are referenced from the 2023 Technical Report on the Carmacks Project Preliminary Economic Assessment, authored by SGS Canada Inc. for Granite Creek Copper, and have not been independently reviewed by Cascadia. Pricing for the Carmacks Project PEA base case economic analysis was US $3.75 /lb copper, US $1,800 /oz gold, and US $22 /oz silver at an exchange rate of $1 : US$0.75 . For more details on the economic analysis, refer to the 2023 Technical Report on the Carmacks Project Preliminary Economic Assessment, authored by SGS Canada Inc. for Granite Creek Copper. The results of the Carmacks preliminary economic assessment are preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized. On behalf of Cascadia Minerals Ltd. Graham Downs , President and 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 NEWS RELEASE. Cautionary note regarding forward-looking statements: This press release may contain "forward-looking information" within the meaning of applicable securities laws. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this press release. The Company undertakes no obligation to update forward-looking information, except as required by securities laws.
Fox News
01-07-2025
- Politics
- Fox News
Even before Glastonbury Festival hate chants, UK Jews warned of alarming rise in antisemitism
Jewish leaders in the United Kingdom expressed outrage this weekend over antisemitic chants led by artists at a flagship music festival that was broadcast live on British public television, but the community has long been warning of an alarming rise in hate crimes since Hamas' Oct. 7, 2023 attack on Israel. Even before Saturday's performance by British rap-pop duo Bob Vylan -- in which the singer chanted "Death, death to the IDF [Israel Defense Forces]" -- Jews in Britain have said they no longer feel welcome, citing government inaction in addressing antisemitism. "Bob Vylan's chant didn't come from an empty space," David Collier, an independent investigative journalist, told Fox News Digital. Collier, who monitors "antisemitism inside anti-Zionist activity," said that "Vylan is so lost that he truly believed he was speaking up for humanity when he called for the death of 100,000s of young Israelis… the crowd who chanted along with him saw nothing wrong in echoing his call for genocide. No witnessing crew member backstage saw fit to pull the plug on the lights or sound, and the BBC never stopped its live coverage." "The end product was a team effort that shows just how blind mainstream U.K. has become to a genocidal antisemitic ideology," he added. According to the Community Security Trust, which records antisemitic incidents across Great Britain, attacks against Jews have surged, with some 3,528 incidents reported in 2024 and 4,296 in 2023 – the highest ever. A survey of British Jewry published by the Campaign Against Antisemitism (CAM) in January 2025, showed that only one third (34%) believe the community has a long-term future in the U.K., and up to half said they had considered leaving Britain in the past two years due to antisemitism. The poll also found that less than half of British Jews (43%) feel welcome in the U.K., with the majority saying they needed to hide their Judaism due to antisemitism. Less than one-tenth said they believe the authorities were doing enough to address and punish antisemitism. Additionally, 92% said they view the media's bias against Israel as fueling the persecution of Jews in Britain. The BBC, respondents said, was the worst in terms of its coverage of matters of Jewish interest. "It has been clear for a while that antisemitism has been normalized in the U.K. But the fact that it is now broadcast openly and plainly on the BBC with minimal outcry shows how bad the situation has become," CAM CEO Sacha Roytman told Fox News Digital. "Incitement to violence should be a red line which forces the British government and the BBC to take all measures possible against these artists and make sure they do not have such a platform to spew their hate and violence ever again," he said. Britain's center-left Prime Minister Keir Starmer belatedly condemned Vylan's performance, saying in a statement, "There is no excuse for this kind of appalling hate speech" and calling on the BBC "to explain how these scenes came to be broadcast," according to media reports. Danny Cohen, a former BBC director, wrote in the Daily Telegraph on Sunday that the BBC was violating its own guidelines on hate speech and called on the government to take more action. "The BBC has repeatedly shown itself unable to get its own house in order on antisemitism," he wrote, citing, "consistent Jew-hate and bias from reporters on BBC Arabic" and a recent "debacle" surrounding a tainted documentary about Gaza. British Jewry's umbrella organization, the Board of Deputies, said in a statement that it would "continue to seek answers from the BBC about how that hateful content was allowed to be broadcast and to ensure there can be no repetition of this in the future." It also condemned Glastonbury Festival, saying "its professed commitment to 'peace, unity, respect and hope' rings hollow when its stage is used to promote chants calling for death." "What happened at Glastonbury is a symptom of a sickness in British society," said Nicole Lampert, a U.K.-based journalist and activist against antisemitism. "For me, and I say this with great sadness as a Brit and also as someone who spent many years as an entertainment journalist, this starts with the BBC." Lampert said the BBC, which Britons pay for via their taxes, offers "very little nuance in the reporting" of the conflicts in the Middle East. "There are meant to be rules in place which means that the BBC and its journalists are strictly neutral, but social media has shown that to be a lie," she said, adding "every day on every Jewish group I'm on, someone is saying 'I can't stay here.'" In a post on X, Israeli Minister for Diaspora Affairs Amichai Chikli urged British Jews to "leave the country." "The BBC has a long history of severe bias against Israel, but today a dark line was crossed by broadcasting calls for the murder of IDF soldiers," he wrote, adding that "when such incitement is normalized, those who fail to act, those who do nothing to stop it, bear responsibility for the blood of Jews and Israelis living in Britain." Like the prime minister, the BBC belatedly released a statement saying it "should have pulled" the livestream of the performance and that Vylan's performance contained "utterly unacceptable" and "antisemitic sentiments." "Millions of people tuned in to enjoy Glastonbury this weekend across the BBC's output, but one performance within our live streams included comments that were deeply offensive," the BBC said. The British government did not immediately respond to Fox News Digital questions.
Perth Now
23-06-2025
- Perth Now
Big win for woman after depraved act
WARNING: Disturbing content A woman jailed for having sexual intercourse with her mother's dog and accessing child abuse material will have four months shaved off her sentence after winning an appeal. Jennifer Cook pleaded guilty to one count each of using a carriage service to access child exploitation material, using a carriage service to transmit and make available child exploitation material, and committing an act of bestiality with an animal in April last year. A video of Cook engaging in sexual intercourse with her mother's dog was found on her phone as well as the phone of her former partner and co-offender Benjamin Day after their home was raided by the Australian Federal Police in September 2022. Cook had also accessed child abuse material (CAM) between 2020 and 2022, including animations or cartoons, videos, and a real image. Further details of the offending are too disturbing to publish. Cook was ultimately jailed for 3½ years, with a non-parole period of two years. She has since turned to NSW's Court of Criminal Appeal (CCA) to challenge parts of her sentence, arguing the judge made a mistake in determining the seriousness of the charge related to accessing CAM. A recently published judgment on the appeal confirmed that the statement of agreed facts incorrectly stated two images found on Cook's devices depicted real children when there was only one. While this was raised by Cook's counsel at sentencing and conceded by the prosecution, the facts were not formally corrected. Justice Stephen Rothman found this meant the sentencing judge determined the seriousness of the offence 'based on a mistake of fact'. 'It is unfortunate that the sentencing judge was misled in the agreed facts and the correction was not formalised,' Justice Rothman said in the judgment. 'A mistake of fact is an identifiable error and permits the court on appeal to intervene in the sentence imposed.' Cook challenged her sentence in the Court of Criminal Appeal. NewsWire/Bianca De Marchi Credit: News Corp Australia It was not suggested Cook or her co-offender had themselves filmed a real person being abused. Cook also argued in her appeal that her sentence was 'manifestly excessive' and the judge had erred in determining the threshold for a custodial sentence was met. Justice Rothman found the threshold was passed in each offence 'given the seriousness and depravity of the offending', even when it did not involve an image of a real child. The Crown ultimately argued that Cook's entire appeal should be dismissed, and if it was allowed, a lesser sentence was not warranted. Justice Rothman decided that Cook's original sentence should be quashed and a fresh one of three years and two months' jail, with a non-parole period of two years and 10 months, dated to March 25, 2023, be imposed. This sentence will be four months shorter than Cook's initial sentence. She will be eligible for parole on June 24, 2025. Justice Rothman noted in his judgment that Cook suffered emotional abuse and struggled with substance abuse and mental health disorders. Cook's co-accused has also lodged an intention to appeal his sentence; however, no dates have been set at the time of publication. He was charged with several bestiality and CAM offences and sentenced to an aggregate term of three years and nine months' jail, with a non-parole period of two years and six months. Among his offending was exchanging bestiality and CAM material with Cook, according to Cook's CCA judgment. mental health helplines
Time of India
13-06-2025
- Business
- Time of India
Law firm JSA's partner Iqbal Khan to join Cyril Amarchand Mangaldas with 20-member team
The private equity (PE) and mergers and acquisitions (M&A) partner Iqbal Khan of a full-service law firm J Sagar Associates (JSA), along with their team of about 18 to 20, is set to join the Mumbai office of Cyril Amarchand Mangaldas (CAM). An alumnus of the London School of Economics and Political Science and Columbia University School of Law, Khan began his career with the US-headquartered firm Paul, Weiss, Rifkind, Wharton & Garrison LLP in 2008, later moving to Kirkland & Ellis LLP. In August 2013, he joined the Indian full-service firm Khaitan & Co., and in 2015, he transitioned to Shardul Amarchand Mangaldas & Co. (SAM & Co). Last year in June, he had joined JSA along with his team of about a dozen-and-a-half lawyers to JSA. 'Iqbal's experience and expertise will be valuable to our clients,' said Cyril Shroff, Managing Partner, Cyril Amarchand Mangaldas, on his joining. 'With Iqbal's arrival, we continue to strengthen our capabilities to serve our clients and I look forward to their contributions and the continued growth of our firm,' he added. He specialises in private equity investments, private and public mergers and acquisitions, joint ventures and foreign investment laws. 'My decision to join CAM was a natural one, driven by a shared commitment to excellence, integrity, and delivering commercially sound legal advice to a diverse and global client base,' said Iqbal Khan. In the past, Khan has represented Advent in one of the largest control acquisitions of a listed pharma company in India by a PE, in its acquisition of a controlling stake in Suven Pharma for about $1 billion. Also, he advised Advent in over $4 billion reverse merger and listing of the Cohance platform with Suven Pharma. Also, he had represented Bain in its acquisition of Porus Labs for Rs. 2400 crores. Recently, the firm has also announced the joining of Nishith Mehta as head of the Financial, Regulatory & Compliance practice. He will be joining the firm from Bank of America Merrill Lynch (BofA), where he co-headed Asia Pacific Compliance and Operational Risk. Around the same time, the firm also announced the joining of Mihir Rale as Co-Head for Digital and TMT (telecom, media and technology) advisory. Over two-decade veteran, Rale was general counsel at Star and Disney India before joining CAM. With over 1200 lawyers, including 220 partners, CAM is a full-service law firm with offices in Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City, Singapore and Abu Dhabi.
Mint
09-06-2025
- Business
- Mint
Former Disney India legal head Mihir Rale joins Cyril Amarchand Mangaldas
Mumbai: Top-tier law firm Cyril Amarchand Mangaldas (CAM) has appointed Mihir Rale as partner and co-head of its newly consolidated Digital+ practice. Rale, who will be based in the firm's Mumbai office, was most recently the general counsel at Star and Disney India, where he spent 15 years overseeing legal strategy, regulatory policy, competition issues, and intellectual property across the entertainment and digital ecosystem. At CAM, Rale will co-lead the Digital+ vertical with Arun Prabhu. The aim is to provide holistic, cross-disciplinary legal advice to Indian and global clients operating in sectors such as big tech, OTT, e-commerce, SaaS, AI, gaming, drones, quantum computing, health tech and edtech, the company said in a statement. The team comprises 30 lawyers and seven specialist partners across Mumbai, Delhi and Bengaluru. 'Digital businesses today play a vital role in India's economic growth and social development. Mihir's joining enhances our ability to address the complex needs of this space,' said Cyril Shroff, managing partner, Cyril Amarchand Mangaldas. 'Our newly announced Digital+ practice marks the consolidation of various practice groups and aims to provide specialised services to this diverse and emerging sector.' The Digital+ practice consolidates CAM's strengths across policy, transactions, compliance, product development, and dispute resolution, providing 'end-to-end' support—from market entry and regulatory strategy to governance and strategic investments. Rale brings over 23 years of legal experience, spanning mergers and acquisitions, compliance, and governance, particularly in sectors at the intersection of technology, media, and telecom (TMT). An alumnus of ILS Law College, Pune, he has also held leadership roles in multiple industry forums, including as co-chair of the FICCI IPR Committee and the CII Digital Media Committee, and as a member of the FICCI Media & Entertainment Committee and CII National Regulatory Committee. CAM has over 1,200 lawyers and 220 partners across 10 locations, including Singapore and Abu Dhabi, and is consistently ranked among India's top legal firms by global and regional publications. The firm advises a wide spectrum of clients, from large enterprises and funds to emerging startups and regulatory bodies.
