Latest news with #Placement
Yahoo
27-06-2025
- Business
- Yahoo
Issue of Shares and Cleansing Notice
Settlement of Tranche 1 of the Placement for A$18.2m TORONTO and PERTH, Australia, June 26, 2025 (GLOBE NEWSWIRE) -- Further to the ASX announcement on 20 June 2025, Cygnus Metals Limited ('Cygnus' or the 'Company') advises that it has issued a total of 211,627,907 fully paid ordinary shares ('Shares') at A$0.086 each under Tranche 1 of the Placement, raising a total of A$18,200,000 (before costs). The Shares were issued under the Company's existing capacity under ASX Listing Rules 7.1 (126,702,591) and 7.1A (84,925,316). A further 1,162,790 Shares are intended to be issued under Tranche 2 of the Placement to Non-Executive Director Raymond Shorrocks, or his nominees, subject to receipt of shareholder approval at a general meeting to be held in August 2025. In addition, the Company has issued a total of 306,129 Shares to employees on conversion of 350,000 vested Performance Rights issued under the Company's previous Employee Securities Incentive Plan. Cygnus issued the Shares without disclosure under section 708A(5) of the Corporations Act 2001 (Cth) ('Act'). With reference to those Shares issued, in accordance with section 708A(6) of the Act, the Company gives notice under paragraph 708A(5)(e) that: 1. the Company issued the Shares without disclosure under Part 6D.2 of the Act; and 2. as at the date of this notice: a) the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company; b) the Company has complied with sections 674 and 674A of the Act; and c) other than as set out below, there is no excluded information within the meaning of sections 708A(7) and 708A(8) of the Act which is required to be disclosed under section 708A(6)(e) of the Act. As previously announced, the Company has ongoing exploration and drill programs at its Chibougamau Copper-Gold Project in Quebec and is awaiting assay results from its current drill program (which remains ongoing). The Company will announce its assay results when it is in a position to complete the collation and interpretation of all data and in accordance with its continuous disclosure obligations, the JORC Code and the ASX Listing Rules. This announcement has been authorised for release by the Board of Directors of Cygnus. David SouthamExecutive ChairT: +61 8 6118 1627E: info@ Ernest MastPresident & Managing DirectorT: +1 647 921 0501E: info@ Media:Paul Armstrong Read Corporate+61 8 9388 1474 About Cygnus Metals Cygnus Metals Limited (ASX: CY5, TSXV: CYG) is a diversified critical minerals exploration and development company with projects in Quebec, Canada and Western Australia. The Company is dedicated to advancing its Chibougamau Copper-Gold Project in Quebec with an aggressive exploration program to drive resource growth and develop a hub-and-spoke operation model with its centralised processing facility. In addition, Cygnus has quality lithium assets with significant exploration upside in the world-class James Bay district in Quebec, and REE and base metal projects in Western Australia. The Cygnus team has a proven track record of turning exploration success into production enterprises and creating shareholder value.
Miami Herald
20-06-2025
- Business
- Miami Herald
Alpha Growth PLC - Providence Life Granted Isle of Man Branch License
Providence Life Receives Isle of Man Branch License LONDON, UK / ACCESS Newswire / June 20, 2025 / Alpha Growth plc, ( a leading global financial services specialist in the multi-billion dollar market of longevity assets and insurance linked asset and wealth management is pleased to announce that one of its group companies, Providence Life Assurance Company (Bermuda) Limited ("Providence Life Assurance"), a leading provider of bespoke life insurance solutions for ultra-high net worth ("UHNW") individuals and family offices, has been granted a branch license in the Isle of Man. The new branch, operating under the name Alpha PPLI will cater to the sophisticated wealth planning needs of clients across the UK, Europe, Middle East and Asia. The Isle of Man Financial Services Authority issued the permit to Providence Life Assurance on May 23, 2025, under section 22 of the Insurance Act 2008, authorizing the company to conduct both Class 1 and Class 2 insurance business with immediate effect. Alpha PPLI builds upon Providence Life Assurance's established expertise in Private Placement Life Insurance ("PPLI") and Private Placement Variable Annuities ("PPVA"), offering tailored solutions designed to address the complex financial and succession planning requirements of UHNW individuals and family offices. The branch aims to provide a full suite of customized insurance structures, supported by a team with decades of collective industry experience and backed by the financial strength of parent company Alpha Growth plc. Alpha PPLI is lead by its Chief Executive Julian Melling and Business Development Executive Richard Turnbull, both based in the Isle of Man with significant recognized experience in the high net worth life insurance industry. "Our expansion into the Isle of Man through Alpha PPLI marks a significant milestone in Providence Life Assurance's growth strategy. This new branch enhances our ability to deliver world-class, flexible insurance solutions to discerning clients in key international markets," said Gobind Sahney, Chairman & CEO of Alpha Growth plc and Providence Life Assurance. "After many years in this industry, I am pleased to lead the strategic expansion of Providence Life Assurance's international business. This marks a pivotal moment for UHNW life insurance, opening up an exciting future for Providence Life Assurance and the Alpha Growth group of companies, as we enhance our ability to serve the sophisticated needs of UHNW clients and family offices across key international markets." said Julian Melling, jm@ Chief Executive of Alpha PPLI. Providence Life Assurance is renowned for its independent, client-focused approach, delivering best-in-class service and innovative insurance products. The launch of Alpha PPLI in the Isle of Man underscores the company's commitment to supporting the wealth management objectives of UHNW clients and family offices in the UK, Europe, and Asia. About Providence Life Assurance Company (Bermuda) Limited: Providence Life Assurance specializes in providing customized life insurance products, including PPLI and PPVA, to ultra-high net worth individuals and institutions. The company operates under the regulatory oversight of the Bermuda Monetary Authority and is part of Alpha Growth plc, a global leader in insurance-linked wealth management. About Alpha Growth plc Specialist in Life Insurance, Esoteric and Longevity Assets Alpha Growth plc is a financial advisory business providing specialist consultancy, advisory, and supplementary services to institutional and qualified investors globally in the multi-billion dollar market of longevity assets and insurance linked asset and wealth management. Building on its well-established network, the Alpha Growth group has a unique position in the insurance and asset services and investment business with global reach. ***END*** This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@ or visit SOURCE: Alpha Growth PLC
Yahoo
11-06-2025
- General
- Yahoo
Coventry High valedictorian to attend Yale with double major
COVENTRY — Mya Ransford, a student who demonstrated countless leadership, academic and athletic achievements, is the Coventry High School Class of 2025 valedictorian. When she began her high school career, becoming the valedictorian was not a goal for Ransford, but she knew she wanted to try her best and work hard. Becoming valedictorian was not entirely a surprise, because she knew her ranking among her other peers, but it never became her goal. 'I think it was more about just learning in the journey rather than achieving the title,' she said. 'It's nice that I got the title, but it was more about learning in school.' Throughout her high school career, Ransford has been involved in different clubs and athletic activities, while maintaining excellence in her academic curriculum. She is an Advanced Placement Scholar with Distinction and earned the AP Capstone Diploma. 'It's really exciting. It was a lot of hard work over the past four years, but it was worth it,' she said. 'I thank a lot of my teachers and my friends and family for supporting me and it's just a really good feeling that all this hard work led to this.' She was vice president of the National Honor Society and president of the school's volunteering Albert Schweitzer Club, where she has contributed to organize 'PJ Day' and 'Get Out and Play Day,' as well as helping the school community. In addition to her club's involvement, Ransford was this year's varsity tennis captain. In 2023, she was named Most Dedicated Player, and the following year, she earned the title of Most Valuable Player. She also served as the student representative during the Coventry Board of Education meetings. In the fall, Ransford will be entering Yale University as a double major in Molecular Biophysics & Biochemistry and Psychology. Some of her aspirations are teaching and conducting research in the field of pharmacology. Jokingly, she said she decided to go there because New Haven has great pizza. Seriously, she likes the school's philosophy and the opportunities that they offer. 'I like psychology and biochemistry, so if I went to some schools, I might have to give up one of those things to go study the other,' Ransford said. 'But at Yale, they let you explore a whole bunch of different academic interests.' As she enters her college career, she is looking forward to participating in some research, meeting new people, discovering new experiences and bringing all that back to her own community. In the next few years, she sees herself going to graduate school and, eventually, earning a PhD in pharmacology. 'But, you know, things change. I might find a new academic interest that I like and it'll take me a completely different path,' she said. 'And I'm willing to do that.' Her advice to the incoming Class of 2029 would be to take every opportunity that comes their way. She said freshmen should not be scared or intimidated by students who might look more grown up than they do, and she encourages them to talk to these older students, who are here to help new students be successful. She believes that by getting involved in activities and working hard, students can learn a lot of skills that they will need in adulthood. 'I feel like it's easy to just kind of cruise through high school, but if you're willing to work hard and take the AP classes and you participate in extracurricular activities, that'll take you really far in life,' she said.
Yahoo
27-05-2025
- Business
- Yahoo
Council likely to approve resolution calling for full funding of AP courses after punting in April
Jacksonville City Council is set to take a final vote Tuesday night in defense of full funding for advanced placement programs like AP (Advanced Placement), IB (International Baccalaureate), and AICE (Advanced International Certificate of Education). Students like Kaden Young came out in force back in April to signal their support for a local resolution that called on state lawmakers to fully fund AP classes and career and technical education courses. The proposed budgets put forth by the Florida House and Senate both reduce bonus funds offered to schools when students pass the courses by 50 percent. 'It really hit home for a lot of people and they didn't realize that these courses that they hold so dearly could be taken away,' Young said. Council initially shot down a motion to hear the bill on an emergency basis, which sent it to committees for a full six-week bill cycle. RELATED: Why Florida lawmakers want to slash AP funding and why education groups say the math doesn't add up At the time, it seemed the resolution wouldn't be heard before lawmakers wrapped up session. But since a state budget still has not been hammered out, there's still an opportunity to take a stand. 'It did wind up being a mixed blessing,' Councilmember Matt Carlucci (R-Group 4 At-Large) said. [DOWNLOAD: Free Action News Jax app for alerts as news breaks] Carlucci is the sponsor of the resolution, which now also calls on the school district to fully fund the courses in the event state lawmakers refuse to relent. 'They may ignore the resolution when it gets sent over there, but they won't ignore the voices of these young students. Because these young students represent voters, future voters and future leaders,' Carlucci said. And based on votes the resolution received as it went through committee, Young is optimistic council will vote to approve it and amplify the voices of students who fear losing opportunities to earn college credit while in high school. [SIGN UP: Action News Jax Daily Headlines Newsletter] 'We all feel really good about the spot we're in right now. We feel as if, the Florida Legislature is extended by almost a month at this point, if we can use that month correctly, we can really get our message out very effectively and we're excited to see where that takes us,' Young said. State lawmakers have signaled they won't be back in the State Capitol before June 2. The House has even moved to extend session until June 30, which is just one day before the start of the next fiscal year. Click here to download the free Action News Jax news and weather apps, click here to download the Action News Jax Now app for your smart TV and click here to stream Action News Jax live.
Yahoo
07-05-2025
- Business
- Yahoo
Southern Cross Gold Closes First Tranche of Private Placement
The First Tranche was completed under an offer to investors who qualify as professional or sophisticated investors under section 708(8), (10) and (11) of the Corporations Act 2001 (Cth) ("Corporations Act") in Australia for aggregate gross proceeds of A$82,472,355 from the issuance of 16,171,050 CDIs, and by way of private placement in reliance on available exemptions from the prospectus requirements in Canada and other permitted jurisdictions, for aggregate gross proceeds of C$16,029,495.00 from the issuance of 3,562,110 Shares. All Shares issued pursuant to the First Tranche are subject to a statutory hold period of four-months and one day from the date of closing (the "Closing") expiring on September 7, 2025. CDIs issued under the Placement cannot be converted into Common Shares for the purpose of trading such Shares in Canada until four months and one day have elapsed from the Closing. The Placement remains subject to final approval from the TSX Venture Exchange. The net proceeds from the Placement are expected to deliver the following key milestones in the growth and development of the Sunday Creek Gold-Antimony Project, located 60 km north of Melbourne, Australia: A second tranche (the "Second Tranche") of the Placement for additional aggregate gross proceeds to the Company of approximately C$54,308,502 is expected to close on or about May 14, 2025, or on such other dates as the Company and the JLMs may agree. Stifel Nicolaus Canada Inc. and Aitken Mount Capital Partners Pty Ltd (ABN 39 169 972 436) acted as joint lead managers and joint bookrunners (together, the "JLMs"), together with Jett Capital Advisors as co-manager (collectively with the JLMs, the "Agents") to the Placement. Pursuant to the closing of the First Tranche, the Company has issued 19,733,160 common shares (the "Shares" and each common share in the authorized structure of the Company, a "Common Share") of which 16,171,050 are converted to Chess Depositary Interests (the "CDIs") each at a price of C$4.50 (A$5.10) for aggregate gross process of C$88,799,220 to the Company. Each CDI represents one underlying Share on a one-for-one basis. Vancouver, British Columbia and Melbourne, Australia--(Newsfile Corp. - May 7, 2025) - Southern Cross Gold Consolidated Ltd (TSXV: SXGC) (ASX: SX2) (OTC Pink: MWSNF) (FSE: MV3) ("SXGC", "SX2" or the "Company") is pleased to announce that it has closed the first tranche (the "First Tranche") of its previously announced C$143M/A$162M private placement (the "Placement"). Story Continues The CDIs issued under the First Tranche are expected to commence normal trading on the Australian Securities Exchange ("ASX") on a normal settlement basis on May 7, 2025. The Company paid to the Agents a cash commission of A$2,388,460.56 equal to 5.0% of the gross proceeds from the First Tranche for orders received outside the President's List. The securities offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release does not constitute an offer to sell or a solicitation of any offer to buy securities in the United States, nor in any other jurisdiction. Pursuant to the First Tranche, a total of 19,733,160 new Shares and CDIs were issued within the Company's placement capacity under ASX listing rules. An Appendix 2A with details of the issue of new CDIs has been filed on ASX today. Mr. Darren Morcombe, an insider of the Company, subscribed for 980,392 CDIs under the First Tranche for gross proceeds to the Company of A$4,999,999.20. Prior to the closing of the First Tranche, Mr. Morcombe held 28,010,720 Common Shares or approximately 12.52% of the outstanding Common Shares on a non‐diluted basis. Pursuant to the closing of the First Tranche, Mr. Morcombe now holds 28,991,112 Common Shares or 11.91% of the issued and outstanding Common Shares. Participation of Mr. Morcombe in the First Tranche constituted a "related party transaction" as defined under Multilateral Instrument 61‐101 - Protection of Minority Security Holders in Special Transactions ("MI 61‐101"), but was exempt from the formal valuation and minority shareholder approval requirements pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the securities issued to the insider nor the consideration paid by the insider exceeded 25% of the Company's market capitalization. About Southern Cross Gold Consolidated Ltd. (TSXV: SXGC) (ASX: SX2) Southern Cross Gold Consolidated Ltd. (TSXV: SXGC) (ASX: SX2) controls the Sunday Creek Gold-Antimony Project located 60 km north of Melbourne, Australia (the "Sunday Creek"). Sunday Creek has emerged as one of the Western world's most significant gold and antimony discoveries, with exceptional drilling results from just 77 km of drilling. The mineralization follows a "Golden Ladder" structure over 12 km of strike length, with confirmed continuity from surface to 1,100 m depth. Sunday Creek's strategic value is enhanced by its dual-metal profile, with antimony contributing 20% of the in-situ value alongside gold. This has gained increased significance following China's export restrictions on antimony, a critical metal for defence and semiconductor applications. Southern Cross' inclusion in the US Defense Industrial Base Consortium (DIBC) and Australia's AUKUS-related legislative changes position it as a potential key Western antimony supplier. Importantly, Sunday Creek can be developed primarily based on gold economics, which reduces antimony-related risks while maintaining strategic supply potential. Technical fundamentals further strengthen the project, with preliminary metallurgical work showing non-refractory mineralization suitable for conventional processing. With over 1,000 Ha of strategic freehold land ownership, and a large 60 km drill program planned through Q3 2025, SXGC is well-positioned to advance this globally significant gold-antimony discovery in a tier-one jurisdiction. - Ends - This announcement has been approved for release by the Board of Southern Cross Gold Consolidated Ltd. For further information, please contact: Mariana Bermudez - Corporate Secretary - Canada mbermudez@ or +1 604 685 9316 Executive Office: 1305 - 1090 West Georgia Street Vancouver, BC, V6E 3V7, Canada Nicholas Mead - Corporate Development info@ or +61 415 153 122 Justin Mouchacca, Company Secretary - Australia jm@ or +61 3 8630 3321 Subsidiary Office: Level 21, 459 Collins Street, Melbourne, VIC, 3000, Australia Forward-Looking Statement This news release contains forward-looking statements. Forward-Looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results and future events could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. All statements other than statements of present or historical fact are forward-looking statements including without limitation statements related to the closing of the Second Tranche of the Placement, use of proceeds of the Placement, applicable regulatory and applicable stock exchange approvals. Forward-Looking statements include words or expressions such as "proposed", "will", "subject to", "near future", "in the event", "would", "expect", "prepared to" and other similar words or expressions. Factors that could cause future results or events to differ materially from current expectations expressed or implied by the forward-looking statements include general business, economic, competitive, political, social uncertainties; the state of capital markets, unforeseen events, developments, or factors causing any of the expectations, assumptions, and other factors ultimately being inaccurate or irrelevant; and other risks described in Southern Cross Gold's documents filed with Canadian or Australian securities regulatory authorities (under code SX2). You can find further information with respect to these and other risks in filings made by Southern Cross Gold with the securities regulatory authorities in Canada or Australia (under code SX2), as applicable, and available for Southern Cross Gold in Canada at or in Australia at (under code SX2). Documents are also available at We disclaim any obligation to update or revise these forward-looking statements, except as required by applicable law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) or the Australian Securities Exchange accepts responsibility for the adequacy or accuracy of this release. NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES To view the source version of this press release, please visit
