Latest news with #Obligations
Cision Canada
15-07-2025
- Business
- Cision Canada
SOMA GOLD CORP. ANNOUNCES CHANGE OF AUDITOR
VANCOUVER, BC, July 15, 2025 /CNW/ - Soma Gold Corp. (TSXV: SOMA) (WKN: A2P4DU) (OTC: SMAGF) (the " Company" or " Soma") announces that it has changed its auditor from Doane Grant Thornton LLP (" Former Auditor") to PricewaterhouseCoopers LLP (" Successor Auditor" or " PwC"), effective July 5, 2025. The change in auditors was approved by the Board of Directors to better align audit and advisory services with the Company's growth strategy and evolving operations. The appointment of PwC will be submitted to shareholders for approval at the Company's next Annual General Meeting, scheduled for December 2025. The Former Auditor's reports on the Company's financial statements for the two most recent fiscal years ended December 31, 2024, and December 31, 2023, did not contain any modifications or reservations, and there were no reportable events as defined in National Instrument 51-102 (Continuous Disclosure Obligations) in connection with their audits through to the date of change. Greg Hayes, Chief Financial Officer of Soma, commented: "We thank Doane Grant Thornton for their professionalism and service over the past several years. Their support was instrumental during a period of significant development for Soma. As we expand our operations, we look forward to working with PwC to support our next phase of growth." In accordance with NI 51-102, the Company has filed a Notice of Change of Auditor along with the required letters from both the Former Auditor and the Successor Auditor on SEDAR+. ABOUT SOMA GOLD Soma Gold Corp. (TSXV: SOMA) is a profitable mining company focused on gold production and exploration. The Company owns over 43 sq. kilometers of mineral concessions following the prolific OTU fault in Antioquia, Colombia and two fully permitted mills located within 25 kilometers of each other, with a combined milling capacity of 675 tpd. The El Bagre Mill operates at 450 TPD and the El Limón mill is slated to restart operations in Q3 2025. Internally generated funds are being used to finance a regional exploration program. With a solid commitment to sustainability and community engagement, Soma Gold Corp. is dedicated to achieving excellence in all aspects of its operations. The Company also owns an exploration property near Tucuma, Para State, Brazil that is currently under option to Ero Copper Corp. On behalf of the Board of Directors "Geoff Hampson" Chief Executive Officer and President 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. All statements, analysis and other information contained in this press release about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements even if circumstances or management's estimates or opinions should change except as required by applicable laws. Investors should not place undue reliance on forward-looking statements. SOURCE Soma Gold Corp.
Mint
10-07-2025
- Business
- Mint
Mukesh Ambani's Reliance-owned Alok Industries to declare Q1 results 2025 on THIS date
Mukesh Ambani's Reliance-owned Alok Industries announced on Thursday that the company will be declaring its financial results for the quarter ending on June 30, 2025 on Thursday, July 17. Alok Industries share price fell over 2.87 per cent in Thursday's trading session to ₹ 21.35 apiece on NSE. The stock has ascended over 3 per cent in a month and 9.90 per cent in six months In 2020, Reliance Industries, in partnership with JM Financial Asset Reconstruction, acquired Alok Industries via an auction under the insolvency and bankruptcy code, organized by lenders aiming to recover dues. By the end of the March quarter, RIL owned 40 per cent of the company, while JM Financial ARC held a 34.99 per cent stake. In an exchange filing, the company said that the board of directors will meet on Thursday, July 17 to consider and approve June quarter results for FY26. ' We wish to inform you that pursuant to Regulation 29 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 a meeting of the Board of Directors of the Company is scheduled to be held on Thursday, July 17, 2025 inter-alia, to consider and approve the Standalone and Consolidated Unaudited Financial Results of the Company for the quarter ended June 30, 2025,' the company said in the filing. Founded in 1986 and based in Mumbai, Alok Industries is a fully integrated textile manufacturer with a significant footprint in both cotton and polyester segments. In the cotton segment, the company's operations span the entire value chain—from spinning and weaving to processing, producing finished fabrics, bedsheets, towels, and garments. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Leaders
25-06-2025
- Business
- Leaders
Red Sea International Announces Its Intention to Conduct Initial Public Offering of Subsidiary
Red Sea International Company has announced its intention to conduct an initial public offering (IPO) for its subsidiary, 'Initial Saudi Group for Electrical Works Ltd.' The company's Board of Directors has approved the material transaction, which remains subject to the approval of Red Sea International's shareholders in accordance with Article (107) of the Rules on the Offer of Securities and Continuing Obligations. تعلن شركة البحر الأحمر العالمية عن نيتها إجراء طرح عام أولي لشركتها التابعة، شركة التركيبات الأولية للأعمال ال — Tadawul News (@TadawulFeed) June 25, 2025 In a statement on the Saudi Exchange (Tadawul), the company clarified that, although it will not be selling any of its shares in Initial Saudi Group for Electrical Works Ltd. Moreover, through the IPO, the transaction is considered material due to the significance of the subsidiary to Red Sea International's operations and the impact of the IPO on a key subsidiary. Accordingly, and in line with Articles (102) to (110) of the Rules on the Offer of Securities and Continuing Obligations, shareholder approval is a prerequisite for the Capital Market Authority's approval of the transaction. The company confirmed that it will issue a separate invitation to its shareholders to attend a General Assembly meeting to vote on the material transaction. It will also circulate a shareholder circular providing more information about the proposed transaction. Related Topics: Saudi Arabia Launches Landmark SAF Initiative at Red Sea International Airport Don't Miss These Breathtaking Highlights from Riyadh Fashion Week 2024 Riyadh Fashion Week: Saudi Arabia's Design Scene Flourishes RFW 2024: Revolutionary Transformation in Saudi Fashion Scene Short link : Post Views: 2 Related Stories
Yahoo
14-05-2025
- Business
- Yahoo
Subsea 7 S.A. – Ex-dividend NOK 6.50 today
Luxembourg – 14 May 2025 Issuer: Subsea 7 S.A. Ex-date: 14 May 2024 Dividend amount: NOK 6.50 Announced currency: Norwegian Krone For details of the two NOK 6.50 dividend payments scheduled in 2025 please refer to the press release of 27 February 2025 here. *******************************************************************************Subsea 7 is a global leader in the delivery of offshore projects and services for the evolving energy industry, creating sustainable value by being the industry's partner and employer of choice in delivering the efficient offshore solutions the world needs. Subsea 7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62. ******************************************************************************* Contact for investment community enquiries:Katherine Tonks Investor Relations Director Tel +44 20 8210 5568 ir@ This information is published in accordance with the requirements of the Continuing Obligations. This stock exchange release was published by Katherine Tonks, Investor Relations, Subsea7, on 14 May 2025 at 07:00 CET. Error 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
Yahoo
29-04-2025
- Business
- Yahoo
Aker Carbon Capture ASA: Completed share capital reduction - New nominal value per share registered
FORNEBU, Norway, April 25, 2025 /PRNewswire/ -- On 7 March 2025, the extraordinary general meeting of Aker Carbon Capture ASA (the "Company") resolved to reduce the Company's share capital to NOK 12,084,844.36 by reducing the nominal value per share from NOK 1 to NOK 0.02. The six-week creditor notification period for this share capital reduction expired on 22 April 2025. Today, the reduction was registered with the Norwegian Register of Business Enterprises. As a result, the share capital of the Company is now NOK 12,084,844.36 divided into 604,242,218 shares, each with a nominal value of NOK 0.02. The extraordinary general meeting held on 7 March 2025 also resolved to distribute dividends of NOK 0.98 per share to the Company's shareholders as of 25 April 2025 (as recorded in the VPS on 29 April 2025), subject to completion of the capital reduction. Such dividends are accordingly planned to be paid on or about 7 May 2025, and the Company's shares will trade excluding the right to such dividend from 28 April 2025. For further information:Media and Investors: Mats Ektvedt, mobile: +47 41 42 33 28,e-mail: About Aker Carbon Capture ASA Aker Carbon Capture ASA was established as a separate entity in 2020, building on more than 20 years long experience and maturation of the carbon capture technology within Aker. Following an agreement with SLB, a Joint Venture between SLB and Aker Carbon Capture was established in June 2024. The JV, SLB Capturi, is headquartered in Oslo, with SLB owning 80% and Aker Carbon Capture ASA owning 20%, two strong companies with proven track record of building successful industrial businesses positioned for substantial growth. This information is subject to disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and the requirements of Oslo Børs' Continuing Obligations. This information was brought to you by Cision View original content: Sign in to access your portfolio
