Latest news with #CanadaBusinessCorporationsAct
Cision Canada
21-07-2025
- Business
- Cision Canada
La Caisse Completes Acquisition of Innergex Français
LONGUEUIL, QC, July 21, 2025 /CNW/ - Innergex Renewable Energy Inc. (TSX: INE) ("Innergex") announced today the completion of its previously announced acquisition by La Caisse by way of a plan of arrangement under the provisions of the Canada Business Corporations Act (the "Arrangement"). Pursuant to the terms of the Arrangement, La Caisse has acquired all of the issued and outstanding common shares of Innergex (other than those held by La Caisse and certain members of senior management rolling over (the "Rollover Shareholders")) for a price of $13.75 per common share in cash. All of the issued and outstanding preferred shares Series A and Series C of Innergex were also acquired by La Caisse for $25.00 per preferred share in cash (plus all accrued and unpaid dividends and, in the case of the Series A preferred shares, an amount in cash per Series A preferred share equal to the dividends that would have been payable in respect of such share until January 15, 2026, which is the next available redemption date). All of the outstanding 4.65% subordinated unsecured convertible debentures of Innergex have been repaid in full upon completion of the Arrangement, including as to principal and accrued and unpaid interest thereon. As previously announced, La Caisse has syndicated approximately 20% of its invested capital to bring in like-minded investors who share its vision for the next chapter of Innergex's growth. As part of the Arrangement, certain members of senior management of Innergex, including Mr. Michel Letellier, Innergex's President and Chief Executive Officer, and Mr. Jean Trudel, Innergex's Chief Financial Officer, have rolled over a portion of their common shares and reinvested in the privatized Innergex. La Caisse has caused to be delivered to Computershare Investor Services Inc. (" Computershare"), the depositary for the Arrangement, sufficient funds to enable it to make payments to Innergex shareholders (other than the Rollover Shareholders) pursuant to the terms of the Arrangement. In accordance with the Arrangement, payment will be made by Computershare to Innergex shareholders (other than the Rollover Shareholders) as soon as practicable following the date hereof. Letters of transmittal have been mailed to registered shareholders and are also available under the profile of Innergex at The letters of transmittal explain how registered shareholders can deposit and obtain payment for their shares. Registered shareholders must return their duly completed letters of transmittal to Computershare in order to receive the consideration to which they are entitled for their shares. As a result of the completion of the Arrangement, it is expected that the common shares, preferred shares Series A and Series C and the 4.65% subordinated unsecured convertible debentures of Innergex will be delisted from the Toronto Stock Exchange on or about July 22, 2025. Innergex has applied to cease to be a reporting issuer under the securities legislation of each province of Canada where Innergex is currently a reporting issuer. About Innergex Renewable Energy Inc. For 35 years, Innergex has believed in a world where abundant renewable energy promotes healthier communities and creates shared prosperity. As an independent renewable power producer which develops, acquires, owns and operates hydroelectric facilities, wind farms, solar farms and energy storage facilities, Innergex is convinced that generating power from renewable sources will lead the way to a better world. Innergex conducts operations in Canada, the United States, France and Chile and manages a large portfolio of high-quality assets currently consisting of interests in 92 operating facilities with an aggregate net installed capacity of 3,948 MW (gross 4,901 MW), including 42 hydroelectric facilities, 36 wind facilities, 10 solar facilities and 4 battery energy storage facilities. Innergex also holds interests in 16 projects under development with a net installed capacity of 915 MW (gross 1,537 MW), 5 of which are under construction, as well as prospective projects at different stages of development with an aggregate gross installed capacity totaling 10,288 MW. Its approach to building shareholder value is to generate sustainable cash flows and provide an attractive risk-adjusted return on invested capital. To learn more, visit or connect with us on LinkedIn. Cautionary Statement Regarding Forward-Looking Information This press release may contain forward-looking information within the meaning of applicable securities laws ("Forward-Looking Information"), including statements relating to statements regarding: the timing for the delisting from the TSX and for Innergex to cease to be a reporting issuer, and other statements that are not historical facts. Forward-Looking Information can generally be identified by the use of words such as "approximately", "may", "will", "could", "believes", "expects", "intends", "should", "would", "plans", "potential", "project", "anticipates", "estimates", "scheduled" or "forecasts", or other comparable terms that state that certain events will or will not occur. It represents the projections and expectations of Innergex relating to future events or results as of the date of this press release. For more information on risks and uncertainties, please refer to the "Forward-Looking Information" section of Innergex's Management's Discussion and Analysis for the three months ended March 31, 2025. Although Innergex has attempted to identify important risk factors that could cause actual results to differ materially from those contained in Forward-Looking Information, there may be other risk factors not presently known or that Innergex presently believes are not material that could also cause actual results or future events to differ materially from those expressed in such Forward-Looking Information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. No forward-looking statement is a guarantee of future results. Accordingly, you should not place undue reliance on Forward-Looking Information, which speaks only as of the date made. The Forward-Looking Information contained in this press release represents Innergex's expectations as of the date of this press release (or as the date they are otherwise stated to be made) and are subject to change after such date. However, Innergex disclaims any intention or obligation or undertaking to update or revise any Forward-Looking Information whether as a result of new information, future events or otherwise, except as required under applicable securities laws. All of the Forward-Looking Information contained in this press release is expressly qualified by the foregoing cautionary statements. SOURCE Innergex Renewable Energy Inc.
Cision Canada
10-07-2025
- Business
- Cision Canada
Transat A.T. Inc. and CEEFC Announce Closing of the Restructuring of the LEEFF Debt Français
MONTREAL, July 10, 2025 /CNW/ - Transat A.T. Inc. ("Transat" or the "Corporation") announced today that it has closed the restructuring of the indebtedness incurred by Transat under the Large Enterprise Emergency Funding Facility (LEEFF) program managed by Canada Enterprise Emergency Funding Corporation ("CEEFC") as previously communicated on June 5, 2025 (the "Transaction"). Following the Transaction, the Corporation's outstanding debt with CEEFC is reduced to $334M from $772M as at March 31, 2025. The agreement deals with the entire indebtedness of the Corporation with CEEFC, and results in such indebtedness, in a principal amount of approximately $772M in the aggregate as at March 31, 2025, having been restructured as follows: Repayment of $41.4M in cash to CEEFC Credit facilities reduced to a single credit facility of $175M Issuance to CEEFC of a $158,735,045 debenture maturing in 10 years Issuance to CEEFC of $16,264,955 of preferred shares convertible into 9,934,617 Class B Voting Shares representing 19.9% of the issued and outstanding voting shares of Transat based on the 5-day VWAP on June 5, 2025) at any time after the earlier of the second anniversary of closing and the redemption of preferred shares for proceeds of $16,264,955 pursuant to mandatory prepayment events. (1) Please refer to the Corporation's press release of June 5, 2025 for a more detailed description of the Transaction and its main components. About Transat Founded in Montreal in 1987, Transat has achieved worldwide recognition as a provider of leisure travel particularly as an airline under the Air Transat brand. Voted World's Best Leisure Airline by passengers at the 2025 Skytrax World Airline Awards, it flies to international destinations. Air Transat's fleet includes some of the most energy-efficient aircraft in their category. Based in Montreal, Transat has 5,000 employees with a common purpose to bring people closer together. (TSX: TRZ) About CEEFC CEEFC is a federal Crown corporation, incorporated in May 2020 under the Canada Business Corporations Act and is a wholly owned subsidiary of Canada Development Investment Corporation. CEEFC currently manages the Large Employer Emergency Financing Facility (LEEFF) program and the Large Enterprise Tariff Loan (LETL) facility. (1) Note: Between the holding of share purchase warrants and convertible preferred shares, CEEFC will hold securities exercisable or convertible for an aggregate of 19,371,389 Class B voting shares, representing approximately 32.6% of the outstanding voting shares after giving effect to such exercise or conversion, provided that at no time will the exercise of warrants or conversion of Preferred Shares result in CEEFC beneficially owning or controlling in excess of 19.9% of the voting shares of Transat. CEEFC intends to hold the Preferred Shares for investment purposes. Depending on market conditions and other factors, including Transat's business and financial condition, CEEFC may dispose of some or all of the securities of Transat that it owns. CEEFC and its affiliates do not intend to acquire additional equity securities of Transat except through the possible exercise of the warrants and conversion of the Preferred Shares. An early warning report will be filed by CEEFC in accordance with applicable securities laws and will be available on SEDAR+ at or may be obtained directly from CEEFC upon request from Mr. Bruno Lemay at 416-966-0185. Financial analysts: Juliette Gauthier Senior Director, Investor Relations and Corporate Finance [email protected] 514 987-1616, ext. 104019 SOURCE Transat A.T. Inc.
Cision Canada
30-06-2025
- Business
- Cision Canada
EARLY WARNING REPORTS ISSUED PURSUANT TO NATIONAL INSTRUMENT 62-103 SHAREHOLDERS ANNOUNCE FILING OF UPDATED EARLY WARNING REPORTS
TORONTO, June 30, 2025 /CNW/ - Michael Held, the Chief Executive Officer and Director of LifeSpeak Inc. (" LifeSpeak" or the " Company") and Nolan Bederman, the Executive Chair and Director of LifeSpeak (each of Mr. Held and Mr. Bederman, an " Shareholder"), announce that, on June 26, 2025, the Company completed the previously announced plan of arrangement (the " Arrangement") under Section 192 of the Canada Business Corporations Act (" CBCA"), pursuant to which 17104944 Canada Inc., an entity originally incorporated under the Business Corporations Act (Ontario) as 1001180076 Ontario Inc. and continued under the CBCA, acquired all of the issued and outstanding common shares in the capital of the Company. The Arrangement, which was announced on April 17, 2025, was approved by the Company's shareholders at the special meeting held on June 23, 2025. The Company obtained a final order from the Ontario Superior Court of Justice (Commercial List) in respect of the Arrangement on June 25, 2025. In connection with the Arrangement and pursuant to the terms of a rollover agreement (the " Rollover Agreement"), Mr. Held and Mr. Bederman exchanged certain of their Common Shares for common shares of the Purchaser on a 1:1 basis under the Arrangement steps. Also pursuant to the Arrangement, all of Mr. Held and Mr. Bederman's options to purchase Common Shares were vested and cancelled for no consideration. Prior to the completion of the Arrangement, Mr. Held had ownership of, or exercised control or direction over, 12,077,395 Common Shares (comprised of 1,446,041 Common Shares held directly, and control or direction over 10,631,354 Common Shares held by certain related entities) representing approximately 20.4% of the issued and outstanding Common Shares and held options to acquire an additional 1,400,000 Common Shares (all of which vested in connection with the Arrangement and were cancelled). Assuming exercise of all of such options, Mr. Held would have had ownership of, or exercise director or control over, 22.26% of the Common Shares (on a partially diluted basis). Prior to the completion of the Arrangement, Mr. Bederman had ownership of, or exercised control or direction over, 5,691,674 Common Shares (comprised of 1,043,390 Common Shares held directly, and control or direction over 4,648,284 Common Shares held by certain related entities) representing approximately 9.62% of the issued and outstanding Common Shares and held options to acquire an additional 1,400,000 Common Shares (all of which vested in connection with the Arrangement and were cancelled). Assuming exercise of all of such options, Mr. Bederman would have had ownership of, or exercise director or control over, 11.71% of the Common Shares (on a partially diluted basis). Following the completion of the Arrangement, neither Shareholder holds, nor exercises control or direction over, any Common Shares or options to acquire Common Shares. It is expected that the Company's common shares will be delisted from trading on the Toronto Stock Exchange on June 30, 2025. The Company will submit an application to cease to be a reporting issuer under applicable securities laws. The head office address of LifeSpeak is 2 Bloor Street West, Suite 1902, Toronto, ON, M4W 3E2. For further information please refer to the early warning reports to be posted on LifeSpeak's SEDAR+ profile at or which may be obtained by contacting Mr. Held or Mr. Bederman at 416-687-6695.
Cision Canada
26-06-2025
- Business
- Cision Canada
Arizona Metals Corp Announces Results of 2025 Annual and Special Meeting of Shareholders
TORONTO, June 26, 2025 /CNW/ - Arizona Metals Corp. (TSX: AMC) (OTCQX: AZMCF) (the "Company" or "Arizona Metals") today announced the voting results of the annual and special meeting of shareholders of the Company convened and adjourned on June 18, 2025 and concluded today (the "Meeting"). The results of the vote in respect of the election of directors of the Company is set out below. Although they did not receive a majority of votes cast for their respective re-elections, Mr. Pilmer, Ms. Arnold and Ms. Rojas Espinoza have each graciously agreed to continue to act as members of the Company's board of directors (the "Board"), and Mr. Pilmer has agreed to continue in his role as Chair of the Audit Committee of the Board, in order to facilitate a seamless and orderly transition, in accordance with the Canada Business Corporations Act. In addition to voting on the election of directors, at the Meeting shareholders also re-appointed McGovern Hurley LLP, Chartered Professional Accountants, as auditors of the Company, and approved the resolution adopting the Company's new omnibus equity incentive plan. A total of 70,196,756 shares were voted at the Meeting, representing 51.18% of the common shares that were issued and outstanding as at the record date for the Meeting. Further disclosure on the matters approved at the Meeting can be found in the notice of meeting and accompanying management information circular filed in respect of the Meeting and available on SEDAR+ at About Arizona Metals Corp Arizona Metals Corp owns 100% of the Kay Project in Yavapai County, which is located on 1669 acres of patented and BLM mining claims and 193 acres of private land that are not subject to any royalties. An historic estimate by Exxon Minerals in 1982 reported a "proven and probable reserve of 6.4 million short tons at a grade of 2.2% copper, 2.8 g/t gold, 3.03% zinc, and 55 g/t silver." The historic estimate at the Kay Mine Project was reported by Exxon Minerals in 1982. (Fellows, M.L., 1982, Kay Mine massive sulphide deposit: Internal report prepared for Exxon Minerals Company) The Kay Project's historic estimate has not been verified as a current mineral resource. None of the key assumptions, parameters, and methods used to prepare the historic estimate were reported, and no resource categories were used. Significant data compilation, re-drilling and data verification may be required by a Qualified Person before the historic estimate can be verified and upgraded to be a current mineral resource. A Qualified Person has not done sufficient work to classify it as a current mineral resource, and Arizona Metals is not treating the historic estimate as a current mineral resource. The Kay Project is a steeply dipping VMS deposit that has been defined from a depth of 60 m to at least 900 m. It is open for expansion on strike and at depth. The Company also owns 100% of the Sugarloaf Peak Project, in La Paz County, which is located on 4,400 acres of BLM claims. The Sugarloaf Peak Project is a heap-leach, open-pit target and has a historic estimate of "100 million tons containing 1.5 million ounces gold" at a grade of 0.5 g/t (Dausinger, N.E., 1983, Phase 1 Drill Program and Evaluation of Gold-Silver Potential, Sugarloaf Peak Project, Quartzsite, Arizona: Report for Westworld Inc.) The historic estimate at the Sugarloaf Peak Project was reported by Westworld Resources in 1983. The historic estimate has not been verified as a current mineral resource. None of the key assumptions, parameters, and methods used to prepare the historic estimate were reported, and no resource categories were used. Significant data compilation, re-drilling and data verification may be required by a Qualified Person before the historic estimate can be verified and upgraded to a current mineral resource. A Qualified Person has not done sufficient work to classify it as a current mineral resource, and Arizona Metals is not treating the historic estimate as a current mineral resource. Qualified Person and Quality Assurance/Quality Control The qualified person who reviewed and approved the technical disclosure in this news release is David Smith, CPG, VP of Exploration of the Company and a qualified person as defined in National Instrument43-101 – Standards of Disclosure for Mineral Projects. Disclaimer This press release contains statements that constitute "forward-looking information" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements contained in this press release include, without limitation, statements regarding directors remaining on the Board for a transitionary period and the appointment of one or more successor directors prior to the next annual meeting of shareholders. In making the forward- looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward- looking statements or otherwise.
Cision Canada
26-06-2025
- Business
- Cision Canada
LifeSpeak Inc. Announces Completion of Plan of Arrangement
TORONTO, June 26, 2025 /CNW/ - LifeSpeak Inc. (" LifeSpeak" or the " Company") (TSX: LSPK), the leading whole-person wellbeing solution for employers, health plans and other organizations, is pleased to announce the completion of the previously announced plan of arrangement (the " Arrangement") under Section 192 of the Canada Business Corporations Act (" CBCA"), pursuant to which 17104944 Canada Inc., an entity originally incorporated under the Business Corporations Act (Ontario) as 1001180076 Ontario Inc. and continued under the CBCA, acquired all of the issued and outstanding common shares in the capital of the Company. The Arrangement, which was announced on April 17, 2025, was approved by the Company's shareholders at the special meeting held on June 23, 2025. The Company obtained a final order from the Ontario Superior Court of Justice (Commercial List) in respect of the Arrangement on June 25, 2025. It is expected that the LifeSpeak common shares will be delisted from trading on the Toronto Stock Exchange in the coming days. The Company will submit an application to cease to be a reporting issuer under applicable securities laws. Further details regarding the Arrangement Agreement are set out in the management information circular which is available under the profile of LifeSpeak at About LifeSpeak Inc. Celebrating 20 years of supporting employee wellbeing, LifeSpeak Inc. is the leading provider of mental, physical, and family wellbeing solutions for employers, health plans, and other organizations across the globe. LifeSpeak is a holistic, personalized solution that provides expert support and thousands of on-demand fitness classes, nutrition guidance, and mental health education. Using AI, LifeSpeak creates a seamless, personalized journey—bridging the critical gap between physical and mental health, because true wellness happens when body and mind work together. The company's portfolio of offerings also includes Torchlight Parenting & Caregiving and ALAViDA Substance Use. Insights from LifeSpeak Inc.'s digital and data-driven solutions empower organizations and individuals to take impactful action to strengthen wellbeing and maximize workplace performance. To learn more, follow LifeSpeak Inc. on LinkedIn ( or visit Because wellbeing can't wait. Forward-Looking Information This press release may include "forward-looking information" within the meaning of applicable securities laws. Such forward-looking information may include, but is not limited to, statements regarding the delisting from the Toronto Stock Exchange and ceasing to be a reporting issuer and offering corporation. The Company considers these assumptions to be reasonable in the circumstances. However, there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. In some cases, but not necessarily in all cases, forward-looking information can be identified by the use of forward-looking terminology and phrases such as "forecast", "target", "goal", "may", "might", "will", "could", "expect", "anticipate", "estimate", "intend", "plan", "indicate", "seek", "believe", "predict", or "likely", or the negative of these terms, or other similar expressions intended to identify forward-looking information, including references to assumptions. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts nor guarantees or assurances of future performance but instead represent management's current beliefs, expectations, estimates and projections regarding possible future events, circumstances or performance. Forward-looking information is necessarily based on a number of opinions, estimates and assumptions that, while considered reasonable by LifeSpeak as of the date of this release, is subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking information include, but are not limited to the risk factors identified under "Risk Factors" in LifeSpeak's annual information form for fiscal year ended December 31, 2024 and in other periodic filings that LifeSpeak has made and may make in the future with the securities commissions or similar regulatory authorities in Canada, all of which are available under LifeSpeak's SEDAR+ profile at These factors are not intended to represent a complete list of the factors that could affect LifeSpeak. However, such risk factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. You should not place undue reliance on forward-looking information, which speak only as of the date of this release. LifeSpeak undertakes no obligation to publicly update any forward-looking information, except as required by applicable securities laws.
