Working Capital – 911 Police Aid Foundation http://911policeaidfoundation.org/ Mon, 18 Oct 2021 15:24:56 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://911policeaidfoundation.org/wp-content/uploads/2021/06/icon.png Working Capital – 911 Police Aid Foundation http://911policeaidfoundation.org/ 32 32 Form 6-K High Tide Inc. To: October 18 https://911policeaidfoundation.org/form-6-k-high-tide-inc-to-october-18/ https://911policeaidfoundation.org/form-6-k-high-tide-inc-to-october-18/#respond Mon, 18 Oct 2021 15:24:56 +0000 https://911policeaidfoundation.org/form-6-k-high-tide-inc-to-october-18/ Receive instant alerts for news on your actions. Claim your 1-week free trial for StreetInsider Premium here. UNITED STATES SECURITY AND EXCHANGE COMMISSION Washington, DC 20549 FORM 6-K FOREIGN PRIVATE ISSUER REPORT IN ACCORDANCE WITH RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGES ACT OF 1934 For the month of October 2021 Commission file number: […]]]>

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UNITED STATES

SECURITY AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 6-K

FOREIGN PRIVATE ISSUER REPORT

IN ACCORDANCE WITH RULE 13a-16 OR 15d-16

OF THE SECURITIES EXCHANGES ACT OF 1934

For the month of October 2021

Commission file number: 001-40258

HIGH TIDE INC.

(Incumbent)

11127 – 15 rue NE, unit 112

Calgary, Alberta

Canada T3K 2M4

(Address of the main executive offices)

Indicate with a check mark whether the Holder is filing or will file annual reports under Form 20-F or Form 40-F.

Form 20-F ☐ Form 40-F ☒

Indicate with a check mark whether the declarant is submitting Form 6-K on paper, as permitted by rule 101 (b) (1) of the ST Regulation: ☐

Indicate with a check mark whether the declarant is submitting Form 6-K on paper, as permitted by rule 101 (b) (7) of the ST Regulation: ☐

SIGNATURES

In accordance with the requirements of the Securities Exchange Act of 1934, the declarant has duly caused this report to be signed on his behalf by the undersigned, being duly authorized for this purpose.

HIGH TIDE INC.

(Incumbent)

Date: October 18, 2021

Through

/ s / Raj Grover

Raj grover

President and CEO

EXPOSURE INDEX

Room 99.1

High Tide secures non-dilutive credit facility with ATB Financial

CALGARY, AB, Oct. 18, 2021 / CNW / – High Tide Inc. (“High tide“or the”Society“) (TSXV: HITI) (Nasdaq: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks and mortar as well as global e-commerce assets, announced today hui that it has entered into a credit agreement to establish a revolving credit facility with ATB Financial (“ATB“) up to $ 25 million (consisting of an initial limit of $ 10 million and $ 15 million accordion, the”Establishment“), with an expected interest rate of less than 6% per annum.

High Tide Inc. October 18, 2021 (CNW Group / High Tide Inc.)

“We are extremely happy to finalize this facility today. We know our shareholders have been anxiously awaiting us to secure non-dilutive funding from a major Canadian bank, and this is also something that we have been working on for some time, as we believe. that it provides validation of our enhanced financial profile, ”said Raj Grover, President and CEO of High Tide. “This is excellent news for our shareholders because this credit facility gives us the firepower to continue our business growth and the acquisitions of quality companies, which are in synergy with our global ecosystem, while limiting the dilution of our existing shareholder base. We also expect the installation amount to increase in the future as our EBITDA increases, allowing us to realize arbitrage opportunities through accretive acquisitions while limiting the dilution required to fuel expansion. I remain excited about High Tide’s growth prospects for the remainder of 2021 and through 2022, and look forward to sharing the continued positive developments of our business with our shareholders, ”added Mr. Grover.

The facility, which will become effective by the end of operations today, will consist of senior secured prime loans, US base rate loans, LIBOR loans, letters of credit, bankers’ acceptances. and a corporate MasterCard.

The Facility has an initial term of three years and provides High Tide, upon customary conditions, access to initial capital of $ 10 million which may be drawn at the discretion of High Tide (the “”Initial amount of the facility“), and subject to the satisfaction of certain conditions, will provide High Tide access to additional capital of $ 15 million. The Company expects to have satisfied the usual conditions for the first draw by the end for its fiscal year ending October 31, 2021. The proceeds of the Facility are expected to be used to finance acquisitions as well as working capital and for general business purposes. produce an effective interest rate of less than 6% per year.

In addition, the Company also announced that an additional debt of $ 1.0 million has been converted to equity, bringing the Company’s total outstanding debt balance to $ 27.4 million to date. . Of that amount, only $ 1.6 million matures over the next 12 months.

About High Tide Inc.

High Tide is a leading retail focused cannabis company with bricks and mortar as well as global e-commerce assets. The company is Canada’s largest recreational cannabis retailer by revenue, with 101 current locations in Ontario, Alberta, Manitoba, and Saskatchewan, and was named in Report on Business magazine’s third annual ranking of companies. fastest growing in Canada in 2021. High Tide’s Retail segment includes Canna Cabana, Meta Cannabis Co., Meta Cannabis Supply Co. and NewLeaf Cannabis banners, with additional locations being developed across the country. High Tide has served consumers for over a decade through its established e-commerce platforms including Grasscity.com, Smokecartel.com, Dailyhighclub.com and Dankstop.com and most recently in the hemp-derived CBD space via CBDcity.com and FABCBD.com as well as its wholesale distribution division under Valiant Distribution, including licensed entertainment product maker Famous Brandz. High Tide’s strategy as a parent company is to expand and strengthen its integrated value chain, while delivering a complete customer experience and maximizing shareholder value. The main sector investors in High Tide are Tilray Inc. (TSX: TLRY) (Nasdaq: TLRY) and Aurora Cannabis Inc. (TSX: ACB) (Nasdaq: ACB).

Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of TSXV) accepts responsibility for the adequacy or accuracy of this release.

For more information on High Tide Inc., please visit www.hightideinc.com, its SEDAR profile page at www.sedar.com and its EDGAR profile page at www.sec.gov.

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

Certain statements contained in this press release are forward-looking information or forward-looking statements. These information and statements, referred to herein as “forward-looking statements” are made as of the date of this press release or the date of the effective date of the information described in this press release, as the case may be. Forward-looking statements relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs about future events. Any statement that expresses or involves discussions regarding predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (in general, forward-looking statements can be identified by the use of words such as “prospects”, “expects”, “intend”, “anticipate”, “anticipate”, “plan”, “projects”, “estimates”, “consider”, “assume”, “needs”, “strategy”, “goals”, “objectives”, or variations thereof, or indicating that certain actions, events or results “may”, “may”, “could”, “would”, “could “, Or” will “be made, occur or be obtained, or the negative of any of these terms or similar expressions, and any other similar terminology) are not statements of historical fact and may be forward-looking statements.

These forward-looking statements are based on assumptions which may prove to be incorrect, including, but not limited to, the ability of High Tide to execute its business plan and that High Tide will receive one or more licenses from Alberta Gaming. , Liquor & Cannabis, The Liquor Distribution Branch of British Columbia, the Liquor, Gaming and Cannabis Authority of Manitoba, the Alcohol and Gaming Commission of Ontario or the Saskatchewan Liquor and Gaming Authority allowing it to operate Canna Cabana Inc. and KushBar Inc. High Tide considers these assumptions to be reasonable in the circumstances. However, there can be no assurance that one or more of the governmental, industrial, commercial, operational or financial objectives set forth herein will be achieved. Inherent in forward-looking statements are known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements, or industry results, to differ materially from all results, performances. or accomplishments expressed or implied by these forward-looking statements. .

The forward-looking statements contained in this document are current as of the date of this press release. Except as required by law, High Tide has no obligation to notify any person if it becomes aware of any inaccuracy or omission in any forward-looking statement, and does not intend or assume no obligation to update or revise these forward-looking statements. – forward-looking statements to reflect new events or circumstances. All forward-looking statements included in this press release are expressly qualified by this cautionary statement and, unless otherwise indicated, are made as of the date of this press release.

View original content to download multimedia: https://www.prnewswire.com/news-releases/high-tide-secures-non-dilutive-credit-facility-with-atb-financial-301401915.html

SOURCE Marée Haute Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2021/18/c8039.html

% CIK: 0001847409

For more information: Media inquiries, Omar Khan, Senior Vice President – Public and Corporate Affairs, omar@hightideinc.com; Investor Information, Vahan Ajamian, Capital Markets Advisor, vahan@hightideinc.com

CO: High Tide Inc.

CNW 06: 00th 18-OCT-21

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Court order affecting working capital of GST appealing businesses https://911policeaidfoundation.org/court-order-affecting-working-capital-of-gst-appealing-businesses/ https://911policeaidfoundation.org/court-order-affecting-working-capital-of-gst-appealing-businesses/#respond Sun, 17 Oct 2021 01:23:40 +0000 https://911policeaidfoundation.org/court-order-affecting-working-capital-of-gst-appealing-businesses/ Court order affecting working capital of GST appealing businesses New Delhi, October 16 (IANS) In what may affect the working capital of taxpayers considering appealing against GST claims, it had now been held that anyone seeking redress against an indirect tax ruling should make a pre-deposit in cash and not by debiting an electronic credit […]]]>
Court order affecting working capital of GST appealing businesses

New Delhi, October 16 (IANS) In what may affect the working capital of taxpayers considering appealing against GST claims, it had now been held that anyone seeking redress against an indirect tax ruling should make a pre-deposit in cash and not by debiting an electronic credit register.

Recently, the Bench Division of the High Court of Orissa ruled that the pre-filing when filing an appeal under Article 107 (6) of the Central Product Tax Act 2017 and services (CGST Law) cannot be carried out by debiting the electronic credit. General ledger (ECRL). The pre-deposit payment must be made by debiting the Electronic Cash Ledger (ECL) in accordance with Article 49 (3) of the CGST Law read with Rule 85 (4) of the Central Product Tax Rules and services, 2017 (CGST rules).

This is because this ordinance requires taxpayers to pay the pre-filing amount (i.e. 10 percent of the disputed tax) in cash by transferring money from the Electronic Ledger (ECL) for any dispute. tax raised by them. This would mean more cash outflows, leaving little room for working capital requirements.

In the event that this went to the High Court of Orissa, the revenues raised GST claims as well as interest on the petitioners, who were engaged in the performance of the works contract. The claimant filed an appeal and made an advance deposit payment (i.e. 10 percent of the disputed fee) for the appeal filing, using the ECRL balance. The tax authorities dismissed the appeal and considered it to be defective, pointing out that the responsibility for the pre-deposit can only be discharged by debiting ECL.

The petitioner’s claim was that any output tax payment can be made through ECRL. Since the pre-filing can be interpreted as a percentage of the output tax, it can be paid by debiting the ECRL.

The Ministry of Revenue argued that the CGST Act specifically provides that the ECRL can be used for the payment of output tax. However, the pre-deposit to be made cannot be equated with the output tax to be paid. The input tax credit can only be used to pay the “self-assessed output tax as declared”.

The High Court accepted this assertion and observed that the pre-filing cannot be equated with an “exit tax” and that the restriction in Section 41 (2) of the CGST Act limits the use of the register. credits to make a pre-deposit. . The High Court rejected the applicant’s contention that the provision of Section 107 (6) of the CGST Act was considered a “machinery provision”.

Accordingly, the decision of the Appeals Authority that the pre-filing cannot be made by debit from the ECRL was confirmed.

The petitioner claimed that he would make the payment by debiting the ECL, but that he should be allowed to reverse the debit from the ECL. The High Court observed that this was a separate cause of action for which the petitioner should independently seek an appropriate remedy. The Court ruled that the completion of a pre-deposit is not subject to the cancellation of the debit entry in the ECRL.

This is an important decision which categorically holds that the pre-filing of taxes for the filing of an appeal must necessarily be carried out by direct debit on ECL. This goes against the understanding of the industry and the practice followed by taxpayers to pre-deposit into the GST system. Under the old indirect tax laws, payment of a pre-deposit was allowed by debit from the Cenvat credit account.

This decision is of great importance since it affects the working capital of taxpayers preferring calls, especially in the case of taxpayers who have a huge credit build-up.

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PRESS RELEASE: asknet Solutions AG: the Extraordinary General Meeting approves a capital increase to create a solid financial base and allow strategic investments https://911policeaidfoundation.org/press-release-asknet-solutions-ag-the-extraordinary-general-meeting-approves-a-capital-increase-to-create-a-solid-financial-base-and-allow-strategic-investments/ https://911policeaidfoundation.org/press-release-asknet-solutions-ag-the-extraordinary-general-meeting-approves-a-capital-increase-to-create-a-solid-financial-base-and-allow-strategic-investments/#respond Fri, 15 Oct 2021 15:07:02 +0000 https://911policeaidfoundation.org/press-release-asknet-solutions-ag-the-extraordinary-general-meeting-approves-a-capital-increase-to-create-a-solid-financial-base-and-allow-strategic-investments/ DGAP-News: asknet Solutions AG / Keyword (s): AGA / AGE / Capital increase asknet Solutions AG: The extraordinary general meeting approves the capital increase to create a solid financial base and enable strategic investments 2021-10-15 / 17:05 The issuer is solely responsible for the content of this announcement. ————————————————– ————————————————– ——————- asknet Solutions AG: The […]]]>

DGAP-News: asknet Solutions AG / Keyword (s): AGA / AGE / Capital increase asknet Solutions AG: The extraordinary general meeting approves the capital increase to create a solid financial base and enable strategic investments 2021-10-15 / 17:05 The issuer is solely responsible for the content of this announcement.

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asknet Solutions AG: The Extraordinary General Meeting approves a capital increase to create a solid financial base and enable strategic investments. The Extraordinary General Meeting approves the capital increase with issue proceeds of 6.8 million euros guaranteed by two investors. The Management Board reaffirms its three-pillar strategy and expects an improvement in commercial performance in the second half of the year. Technology entrepreneur, investor and advisor Christian Lagerling becomes the new Chairman of the Supervisory Board

October 15, 2021, Karlsruhe (Germany) – asknet Solutions AG, a leading specialist in purchasing, e-commerce and EdTech, today held an Extraordinary General Meeting (EGM).

During the meeting, the board reaffirmed the company’s three-pillar strategy, including a clear roadmap for the years 2021 to 2023. In line with the strategy, asknet continues to boldly expand its business academics in the education sector; and a rapid repositioning of the Ecommerce Solutions business unit. The third pillar assumes growth in the New Pipeline area, where the company develops innovative solutions and services, and builds strategic partnerships in the dynamic EdTech market.

“The implementation of our three-pillar strategy, as a clear and material concept to create change and business growth, is progressing well. The recently announced joint project with the Swiss foundation SWITCH is a prime example of our focus on the consistent implementation of our strategy. It illustrates the expansion into attractive new education markets and our focus on high margin projects and services. The next capital increase will create a solid financial base allowing us to further accelerate the implementation of the strategy, ”said Christian Herkel, CEO of Asknet Solutions AG, and added:“ We are also seeing a lot of progress in the process. eCS business unit, starting with the technology upgrade to Amazon Web Services, a strengthened management team and a new website, which will be the starting point for new customer acquisition initiatives. ”

The shareholders followed the proposal of the Management Board and the Supervisory Board to increase the share capital against cash contributions of EUR 1,961,295 with statutory subscription rights at a subscription price of EUR 3.50 per share. The net proceeds of the issue will amount to 6.8 million euros and are guaranteed by two investors who have undertaken to subscribe to all the shares not subscribed by the current shareholders as part of the subscription offer.

It is expected that the proceeds will be invested as follows:. 75% to be used for strategic investments and acquisitions in academic affairs and new pipelines. 15% to be used for technology enhancements, additional resources and marketing activities within the Ecommerce Solutions business. 10% to be used as a liquidity reserve and for working capital optimization

The subscription offer will be made without a prospectus but with a securities information sheet (Wertpapierinformationsblatt) which must be approved by the BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht). Management expects the capital increase to be completed before the end of this year.

Florent Guillomeau, CFO of Asknet Solutions AG: “We have a clear plan to invest the proceeds of the issue and are determined to create value for the company and our shareholders. second semester. For the next two years, we confirm our sales growth targets, with a breakeven point in 2022 and a clearly positive result in 2023. ”

Following the resignation of Manfred Danner, with effect at the end of the Extraordinary General Meeting, Christian Lagerling was elected as a new member of the Supervisory Board of Asknet Solutions AG. At the end of the Extraordinary General Meeting, the Supervisory Board elected him the new Chairman. Christian Lagerling, CEO of Beluca Ventures LLC, USA, is an experienced entrepreneur and technology investor and holds a degree in finance and economics from the London School of Economics. Over the past 25 years, he has founded and built a number of very successful companies in the technology and finance industries. He is, among other things, co-founder of Dicopay, a Stockholm-based fintech company for billing services, and co-founder of GP Bullhound, a leading London-based technology investment and advisory firm.

At the EGM, the board of directors also announced, in accordance with Section 92 (1) of the German Joint Stock Company Act (AktG), that a loss of more than half of the share capital had occurred. It was the first legal reason for convening this general assembly. The capital increase approved by the EGM will provide the company with a solid capital base to grow profitably in the years to come.

All the items on the agenda, including the creation of new authorized rights to capital, were approved by a large majority of shareholders at the Extraordinary General Meeting. The participation share represented 80.38% of the share capital. The final results of the vote, as well as the presentation of the board of directors, will be available on the website of Asknet Solutions AG under https://asknet-solutions.com/investors/annual-general-meetings.html.

About Asknet Solutions AG asknet Solutions AG is a leading procurement, e-commerce and EdTech specialist headquartered in Karlsruhe, Germany. The company offers the purchase and distribution of software for European universities and is the undisputed market leader in Germany (Academics Business Unit). Asknet’s portfolio includes a wide range of high-quality software applications for the academic sector, ranging from IBM SPSS to Adobe Creative Cloud. By continually expanding its portfolio beyond software procurement, through partnerships with leading software manufacturers such as Blackboard and Dell, asknet aims to become the leading provider of IT services in the European education market. The company also develops and operates online stores for digital and physical products around the world (eCommerce Solutions business unit). Leading global publishers such as Cyberlink and Steinberg rely on Asknet’s e-commerce expertise to distribute their products in more than 190 countries. asknet Solutions AG is listed on the Frankfurt Stock Exchange (Ticker: ASKN; ISIN: DE000A2E3707). Contact Magda Gajny +49 (0) 721 / 96458-6116 investors@asknet.com https://asknet-solutions.com/

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2021-10-15 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this advertisement. DGAP’s distribution services include regulatory announcements, financial / corporate news, and press releases. Archives on www.dgap.de

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Language:     English 
Company:      asknet Solutions AG 
              Vincenz-Priessnitz-Str. 3 
              76131 Karlsruhe 
              Germany 
Phone:        +49 (0)721 / 964 58-0 
Fax:          +49 (0)721 / 964 58-99 
E-mail:       investors@asknet.com 
Internet:     asknet-solutions.com 
ISIN:         DE000A2E3707 
WKN:          A2E370 
Listed:       Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Munich, Stuttgart 
EQS News ID:  1241227 
 
End of News   DGAP News Service 
=------------ 

1241227 2021-10-15

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1241227&application_name=news

(END) Dow Jones Newswires

October 15, 2021 11:06 am ET (3:06 pm GMT)

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https://911policeaidfoundation.org/press-release-asknet-solutions-ag-the-extraordinary-general-meeting-approves-a-capital-increase-to-create-a-solid-financial-base-and-allow-strategic-investments/feed/ 0
American Lithium announces $ 20 million private placement https://911policeaidfoundation.org/american-lithium-announces-20-million-private-placement/ https://911policeaidfoundation.org/american-lithium-announces-20-million-private-placement/#respond Thu, 14 Oct 2021 00:06:54 +0000 https://911policeaidfoundation.org/american-lithium-announces-20-million-private-placement/ Do not distribute to United States newswire services or for distribution in the United States VANCOUVER, British Columbia, Oct. 13, 2021 (GLOBE NEWSWIRE) – American Lithium Corp. (“American lithium“or the”Society”) (TSX-V: LI) (OTCQB: LIACF) (Frankfurt: 5LA1) is pleased to announce that it has entered into an agreement with Eight Capital, on behalf of a syndicate […]]]>

Do not distribute to United States newswire services or for distribution in the United States

VANCOUVER, British Columbia, Oct. 13, 2021 (GLOBE NEWSWIRE) – American Lithium Corp. (“American lithium“or the”Society”) (TSX-V: LI) (OTCQB: LIACF) (Frankfurt: 5LA1) is pleased to announce that it has entered into an agreement with Eight Capital, on behalf of a syndicate of agents including Echelon Wealth Partners Inc. and TD Securities Inc., as co-lead agents and associate bookrunners (together the “Agents“) pursuant to which the Company launched a private placement of a maximum of 7,548,000 units (the”Units“), at an offering price of $ 2.65 per Unit (the”Issue price“), for total gross proceeds of up to $ 20,002,200 (the”Offer“).

Each unit will consist of one ordinary share in the capital of the Company (a “To share“) and a half common share purchase warrant (each whole warrant, a”To guarantee“). Each warrant will allow its holder to purchase one share at an exercise price of $ 4.00 per share, for a period of 24 months following the closing of the offering.

The Company has also granted the Agents an option to offer for sale up to 1,887,000 additional Units at the issue price, exercisable at any time up to 48 hours prior to closing, to hedge over-allotments, if applicable.

The gross proceeds of the placement will be used for the exploration and development of the Company’s TLC project, Falchani project and Macusani project, as well as for working capital and general corporate purposes.

The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or on behalf of or for the benefit of, United States persons in the absence of United States registration or an applicable exemption from United States registration requirements. This press release does not constitute an offer to sell securities in the United States.

The offering is scheduled to close on or about November 3, 2021 and is subject to certain conditions, including, but not limited to, receipt of all necessary regulatory and other approvals, including that of the TSX Venture Exchange. . All securities to be issued in connection with the offering will be subject to a legal hold period expiring four months and one day after the closing of the offering.

About American Lithium

American Lithium, a member of TSX Venture 50, is actively engaged in the acquisition, exploration and development of lithium projects in mining-friendly jurisdictions across the Americas. The Company is currently focused on shifting to the new energy paradigm through the continued exploration and development of its TLC lithium clay project strategically located in the richly mineralized lithium district of Esmeralda, Nevada, as well as the continued development of Falchani lithium and Macusani uranium. projects in southeastern Peru. Falchani and Macusani have undergone preliminary economic assessments, have strong potential for further exploration and are located close to important infrastructure.

The TSX Venture 50 is a ranking of the best performing companies in each of the industry sectors of the TSX Venture Exchange over the past year.

For more information, please contact the company at info@americanlithiumcorp.com or visit our website at www.americanlithiumcorp.com for project update videos and related general information.

Follow us on Facebook, Twitter and LinkedIn.

On behalf of the Board of Directors of American Lithium Corp.

“Simon Clarke”

CEO and director

Phone. : 604 428 6128

For more information, please contact:

American Lithium Corp.

Email: info@americanlithiumcorp.com

Website: www.americanlithiumcorp.com

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 press release.

Forward-looking statements

Statements contained in this press release that are forward-looking information are subject to various risks and uncertainties regarding the specific factors disclosed herein. Statements contained in this press release that are forward-looking information include, without limitation, the use of the proceeds of the offering. The information provided in this press release is necessarily summarized and may not contain all the important information available. All of this forward-looking information and statements are based on certain assumptions and analyzes made by the management of American Lithium in light of their experience and their perception of historical trends, current conditions and expected future developments, as well as other factors. as management deems appropriate in the circumstances. . These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information or statements. Important factors that could cause actual results to differ from these forward-looking statements include those described under the heading “Risk Factors” in the latest Annual Information Form and MD&A filed by American Lithium. The Company does not intend and expressly disclaims any obligation to update or revise any forward-looking information contained in this press release, except as required by law. Readers are cautioned not to place undue reliance on forward-looking information or statements.

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Emerging market lender Lendable seeks $ 100 million to fund fintech companies – TechCrunch https://911policeaidfoundation.org/emerging-market-lender-lendable-seeks-100-million-to-fund-fintech-companies-techcrunch/ https://911policeaidfoundation.org/emerging-market-lender-lendable-seeks-100-million-to-fund-fintech-companies-techcrunch/#respond Tue, 12 Oct 2021 15:22:30 +0000 https://911policeaidfoundation.org/emerging-market-lender-lendable-seeks-100-million-to-fund-fintech-companies-techcrunch/ Emerging market fintech financier Lendable aims to raise a $ 100 million fund to invest in African and Asian fintech companies, the company said in an emailed statement today.. In March, the company said it plans to raise funds between $ 120 million and $ 180 million to provide new loans to fintechs so they […]]]>

Emerging market fintech financier Lendable aims to raise a $ 100 million fund to invest in African and Asian fintech companies, the company said in an emailed statement today..

In March, the company said it plans to raise funds between $ 120 million and $ 180 million to provide new loans to fintechs so they can then provide credit, asset finance, payments and remittances to individual clients and companies in emerging markets.

It is not clear whether the fund announced today continues this discussion as there is no reference in this recent statement. But what is clear is that Lendable is declaring this to be its fourth fund.

Dubbed the MSME Fintech Credit Fund, Lendable says it will provide credit to African and Asian fintech companies so they can provide credit facilities and financial services to more than 150,000 small businesses..

So far, the fintech lender has closed $ 49 million from impact investors such as DFC, EMIIF (DFAT), Calvert Impact Capital, Ceniarth, BIO, FMO and FSD Africa. It expects to close an additional $ 20 million this fourth quarter before a final close in 2022.

The first fence takes that of Lendable globally committed capital over $ 200 million, although it has has managed a pipeline of more than $ 400 million since its launch in 2016, the company said. The lender also disbursed $ 180 million within this timeframe.

Founded by Daniel Goldfarb and Friend Dylan, Lendable has provided more than 1.4 million consumer and small business loans, more than 80,000 productive asset loans and more than 105,000 solar home systems.. Besides, Lendable claims to have delivered an annualized net return of 14.32% to its investors.

“We have had an incredible response to this fund and have recruited an impressive list of leading impact investors and DFIs to support our approach,” Goldfarb said in a statement.. “Through our investments in FinTech, we provide essential working capital to MSMEs that enables off-grid customers to purchase energy products and opens the door to innovative digital banking services for consumers.. “

Lendable has provided debt financing to several fintechs in nine emerging markets. Some include Tugende, Carbon, Uploan, KoinWorks, Planet42, FairMoney, Trella, Payjoy, Solar Panda, and MFS Africa. The fintech financier said its credit facilities ranged from $ 2 million to $ 15 million with a repayment term of three to four years. So far, Lendable has a default rate of around 0.01%, a company spokesperson said in an interview with TechCrunch this year.

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Xtek Ltd opens pro-rata non-waivable rights offer to raise up to AU $ 5 million https://911policeaidfoundation.org/xtek-ltd-opens-pro-rata-non-waivable-rights-offer-to-raise-up-to-au-5-million/ https://911policeaidfoundation.org/xtek-ltd-opens-pro-rata-non-waivable-rights-offer-to-raise-up-to-au-5-million/#respond Mon, 11 Oct 2021 03:17:00 +0000 https://911policeaidfoundation.org/xtek-ltd-opens-pro-rata-non-waivable-rights-offer-to-raise-up-to-au-5-million/ Eligible shareholders have the option to participate in the offer and purchase new fully paid ordinary shares at the issue price of AU $ 0.26 each and at the rate of 1 new share for every 3.7 existing shares held. () today opened a pro-rata non-waivable rights offering to all shareholders of qualifying securities with […]]]>

Eligible shareholders have the option to participate in the offer and purchase new fully paid ordinary shares at the issue price of AU $ 0.26 each and at the rate of 1 new share for every 3.7 existing shares held.

() today opened a pro-rata non-waivable rights offering to all shareholders of qualifying securities with the aim of raising up to AU $ 5 million.

The offer of one new share for every 3.7 existing shares held is at an issue price of AU $ 0.26 per share.

It is partially subscribed up to a maximum of AU $ 3 million by MST Financial Services Pty Ltd as underwriter and non-executive chairman Uwe Boettcher and principal shareholder Altor Capital Pty Ltd as underwriters.

The fundraising campaign closely follows an institutional placement taken out earlier this month that grossed A $ 2.7 million.

Use of funds

XTEK, which provides high-quality products to provide tailor-made solutions to the government, law enforcement, military, space and commerce sectors, plans to use the funds in four areas:

  • UAV – Development of Australia-made VTOL small unmanned aerial vehicles for upcoming sales opportunities with the Australian Defense Force;
  • Software – Development of the next XTatlasMT actionable intelligence software applications;
  • Ballistics – Expand the line of hard armor plates and helmets manufactured using XTEK’s patented XTclave process; and
  • Working Capital – Providing the working capital necessary to grow the business of the business and meet its outstanding financial obligations for plant inventory, business costs and transaction costs.

Right offer

The pro-rata non-waiverable rights offer is made to all holders of eligible securities as entered in the Securities Register at 7:00 p.m. (Sydney time) on Thursday, October 7, 2021.

It will be pro-rated by one new security for every 3.7 securities held and is open to holders of eligible securities with a registered address in Australia and / or New Zealand.

Leader

MST Financial Services Pty Ltd acted as underwriter and lead manager of the offering.

The offer will be partially subscribed by two of the main holders of XTEK securities, Altor Capital Management Pty Ltd and UDB Pty Ltd, a company controlled by the chairman of XTEK, Uwe Boettcher.

All new shares issued under the offer will be issued on the same terms and rank as the existing XTEK shares.

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Triumph Bancorp – Consensus indicates downside potential of -9.3% https://911policeaidfoundation.org/triumph-bancorp-consensus-indicates-downside-potential-of-9-3/ https://911policeaidfoundation.org/triumph-bancorp-consensus-indicates-downside-potential-of-9-3/#respond Sat, 09 Oct 2021 12:41:43 +0000 https://911policeaidfoundation.org/triumph-bancorp-consensus-indicates-downside-potential-of-9-3/ Triumph Bancorp with the ticker code (TBK) now have 7 analysts covering the stock with the consensus suggesting a rating of “Buy”. The target price is between 112 and 82 with an average TP of 97.29. Given that the previous close of shares was at 107.31, this would indicate that there is a decline of […]]]>

Triumph Bancorp with the ticker code (TBK) now have 7 analysts covering the stock with the consensus suggesting a rating of “Buy”. The target price is between 112 and 82 with an average TP of 97.29. Given that the previous close of shares was at 107.31, this would indicate that there is a decline of -9.3%. There is a 50-day moving average of 88.21 and the 200-day MA is 83.32. The company’s market capitalization is $ 2,671 million. You can visit the company’s website by visiting: http://www.triumphbancorp.com

Triumph Bancorp operates as a financial holding company for TBK Bank, SSB, which provides a variety of banking and trade finance products and services to retail customers and small and medium-sized businesses in the United States. The company operates through three segments: Banking, Factoring and Corporates. It offers deposit products, including checking, savings and money market accounts, as well as certificates of deposit; and commercial and industrial loans, loans for the purchase of capital goods and loans to businesses for working capital and operational purposes. The company also offers asset loans, equipment loans and premium loans; real estate loans for financing commercial properties; factoring services to the transport and non-transport sectors; agricultural loans; loans for commercial construction, land and land use planning; warehouse mortgages; residential real estate loans; and consumer credit. In addition, it offers debit cards; electronic banking, trust and cash management services; and insurance brokerage services. As of December 31, 2020, the company operated through a network of 10 branches in the Quad Cities metropolitan area of ​​Iowa and Illinois; 8 branches in northern and central Illinois; 7 branches in southern Colorado; 3 branches in New Mexico; 31 branches in central and eastern Colorado; and 2 branches in the far west of Kansas, as well as a branch dedicated to deposit collection activities in Dallas, Texas. Triumph Bancorp is headquartered in Dallas, Texas.

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Romios announces an unmediated offer of $ 500,000 https://911policeaidfoundation.org/romios-announces-an-unmediated-offer-of-500000/ https://911policeaidfoundation.org/romios-announces-an-unmediated-offer-of-500000/#respond Thu, 07 Oct 2021 12:34:41 +0000 https://911policeaidfoundation.org/romios-announces-an-unmediated-offer-of-500000/ News and research before you hear about it on CNBC et al. Claim your 1-week free trial for StreetInsider Premium here. Toronto, Ontario – (Newsfile Corp. – October 7, 2021) – Romios Gold Resources Inc.(TSXV: RG)(OTCQB: RMIOF) (FSE: D4R)(“Romios“or the”Society“)is pleased to announce the offer of a non-brokered private placement of up to 10,000,000 flow-through […]]]>

News and research before you hear about it on CNBC et al. Claim your 1-week free trial for StreetInsider Premium here.


Toronto, Ontario – (Newsfile Corp. – October 7, 2021) – Romios Gold Resources Inc.(TSXV: RG)(OTCQB: RMIOF) (FSE: D4R)(“Romios“or the”Society“)is pleased to announce the offer of a non-brokered private placement of up to 10,000,000 flow-through units (the “FT units“) up to $ 500,000 or up to 10,000,000 working capital units (the”WC units“) up to $ 500,000 or a combination thereof up to a maximum of 10,000,000 units (the”Offer“).

Each FT unit is priced at $ 0.05 and consists of one (1) common share and one-half (0.5) warrant. Each full mandate (a “Warrant “) allows its holder to purchase one (1) common share (a”Warrant share“) at a price of $ 0.08 per Warrant Share until the date falling twelve (12) months after the closing of the offering.

Each WC unit is priced at $ 0.05 and consists of one (1) common share and one (1) common share purchase warrant (a “WC mandate“). Each WC Warrant authorizes its holder to purchase one (1) ordinary share (a”Share of WC warrants“) at a price of $ 0.08 per WC warrant share until the date which is twelve (12) after the closing of the offering.

Eligible Finders may receive up to 6% of the value of the proceeds from the sale of WC Units and FT Units in cash and up to 6% of the number of FT Units or WC Units sold in the form of warrants. broker. Each broker’s warrant (“Broker mandates“) issued in connection with the sale of FT units or WC units allows the holder to acquire one (1) common share of the Company at a price of $ 0.05 for twelve (12) months from the date of closing of the placement.

The funds will be used for exploration and working capital. All securities issued in connection with the placement are subject to a legal hold period of four months. The offering is expected to close before the end of October and is subject to certain conditions, including, but not limited to, approval by the TSX Venture Exchange.

Insiders of the Company will subscribe for up to $ 130,000 in FT Units and $ 25,000 in WC Units under the Offering. Private placements of insiders are exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 (“MI 61-101“) under the exemptions provided for in sections 5.5 (a) and 5.7 (1) (a) of Regulation 61-101 in that the fair market value of the consideration for the securities of the Company to be issued to insiders does not exceed 25% of its market capitalization.

The securities to be offered under the Offer have not been and will not be registered under the US Securities Act of 1933, as amended (the “”U.S. Securities Law“) or any US state securities law, and may not be offered or sold in the United States or to, or on behalf of or for the benefit of, persons of the United States in the absence of registration or any applicable exemption from the registration requirements of the US Securities Act and applicable US state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States, and there will be no sale of such securities in any jurisdiction in which such offering, solicitation or sale would be illegal.

About Romios Gold Resources Inc.

Romios Gold Resources Inc. is a progressive Canadian mining exploration company engaged in the exploration of precious and base metals, with a primary focus on gold, silver and copper. It owns a 100% interest in the Lundmark-Akow Lake gold-copper property in northwestern Ontario and extensive claims covering several major porphyry copper-gold deposits in Colombia’s “Golden Triangle” -British. Additional interests include two former producers, the La Corne molybdenum mine property (Quebec) and a former high-grade gold producer, the Scossa mine property (Nevada). The Company also retains a 2% NSR interest in the Hislop gold property and a 2% NSR and 20% deferred (until pre-feasibility) interest in the Thunder Bay Silver properties in Ontario. For more information, visit www.romios.com.

This press release contains forward-looking statements which are generally preceded, followed or included by the words “believes”, “expects”, “anticipates”, “believes”, “intends”, “plans” or similar expressions. Forward-looking statements are not guarantees of future performance because they involve risks, uncertainties and assumptions. We do not intend and assume no obligation to update these forward-looking statements and shareholders are cautioned not to place undue reliance on such statements. The TSX Venture Exchange or its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts no responsibility for the adequacy or accuracy of this release.

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.

For more information, please contact:

Tom drivas, CEO and Director, (cell) 416-876-3957, (fax) 416-218-9772 or (email) romios@romios.com.

Stephen burega, President, (cell) 647-515-3734, (email) sburega@gmail.com

Jean Biczok, P. Geo., Vice President, Exploration, (tel.) 613-410-7877 or (email)john.biczok@gmail.com

Frank van de Water, Chief Financial Officer and Director, (tel) 416-221-4124 or (email) fvandewater@rogers.com.

NOT FOR BROADCAST, DISTRIBUTION, BROADCAST OR PUBLICATION, DIRECT OR INDIRECTLY, IN THE UNITED STATES OR FOR DISTRIBUTION TO US WIRE SERVICES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98885

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DBS Bank India and CredAble Partner to Facilitate Commercial Finance for SME Ecosystem https://911policeaidfoundation.org/dbs-bank-india-and-credable-partner-to-facilitate-commercial-finance-for-sme-ecosystem/ https://911policeaidfoundation.org/dbs-bank-india-and-credable-partner-to-facilitate-commercial-finance-for-sme-ecosystem/#respond Wed, 06 Oct 2021 08:42:36 +0000 https://911policeaidfoundation.org/dbs-bank-india-and-credable-partner-to-facilitate-commercial-finance-for-sme-ecosystem/ Listen to this article CredAble has partnered with DBS Bank India to provide liquidity and improve current funding options for working capital needs. The partnership will help meet the capital needs for the day-to-day operations of SMEs, MSMEs and businesses in the corporate supply chain. This alliance will structure innovative solutions for the ecosystem and […]]]>

CredAble has partnered with DBS Bank India to provide liquidity and improve current funding options for working capital needs. The partnership will help meet the capital needs for the day-to-day operations of SMEs, MSMEs and businesses in the corporate supply chain.

This alliance will structure innovative solutions for the ecosystem and allow beneficiaries to benefit from a range of programs. With this partnership, CredAble aims to address the working capital crisis and guide access to liquidity in supply chains across sectors.

Nirav Choksi, co-founder and CEO, CredAble, said: “We are delighted to partner with DBS Bank and create customizable solutions to address the working capital shortage in India. DBS Bank has a strong presence in trade and supply chain finance in all countries, primarily through working capital services for exports and SMEs. We believe that the entire ecosystem will experience increased liquidity with this association and that CredAble will be at the forefront of structuring innovative technology-based solutions.

Collaboration is an industry movement supporting the modern supply chain. Divyesh Dalal, Head of Global Transaction Services, DBS Bank India, said: “At DBS, we have always believed in building technology platforms and partnering with agile and like-minded players in the segment to provide innovative financing solutions to clients. We hope this partnership will equip supply chains with flexible and tailor-made solutions by leveraging CredAble’s technological prowess, making the entire process agile. Additionally, DBS’s rapid processing of funding requests will help meet supply chain requirements across a wide range of ecosystems. We will continue to work and innovate with CredAble to meet the ever-changing financing needs of various industries.

Choksi decoded the partnership and added, “We are integrating with the intention of expanding the possibilities of accessing credit according to the needs of the company’s supply chain. In addition to the current offerings, we also look forward to joint securitization and will be the first players in a range of facets, including purchase order financing, SME financing, tiered financing, and more. Given the current mandate, which has been fulfilled in less than a quarter, we see DBS Bank as our longer term partner.

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Instacart announces prepared meals partnership https://911policeaidfoundation.org/instacart-announces-prepared-meals-partnership/ https://911policeaidfoundation.org/instacart-announces-prepared-meals-partnership/#respond Tue, 05 Oct 2021 15:34:32 +0000 https://911policeaidfoundation.org/instacart-announces-prepared-meals-partnership/ In the first few months of the pandemic, as consumers turned to delivery options to meet their dietary needs, they had three main options: grocery store, restaurant, or meal kit. While delivery sales remain high even as mobility has increased, major players in each of the categories have sought to capture consumer spending in all […]]]>

In the first few months of the pandemic, as consumers turned to delivery options to meet their dietary needs, they had three main options: grocery store, restaurant, or meal kit. While delivery sales remain high even as mobility has increased, major players in each of the categories have sought to capture consumer spending in all three. Now, Instacart is launching into ready meals and meal kits. On Monday, October 4, reheat and meal kit company Sunbasket announced that it has become the leading direct-to-consumer (D2C) meal provider in the Instacart marketplace.

Typically, the company’s meal plans are only available by subscription, but on Instacart, consumers can order a single meal.

“Consumers are increasingly looking for convenience, and we see the delivery of prepared meals and groceries as a permanent fixture in the restaurant landscape,” Sunbasket CEO Don Barnett said in a statement. “Sunbasket is delighted to offer more delivery choices of our nutritious and restaurant-quality meals through our partnership with Instacart. “

The context

Instacart’s shift to ready meals puts it in competition with leading food delivery services – DoorDash, Uber Eats, and Grubhub, among others – capturing consumers’ needs for ready-to-eat meals on demand. This escalation is only natural, given that food delivery services have moved into the grocery space. Over the summer, DoorDash announced a nearly 2,000-store partnership with grocery giant Albertsons Companies, and Uber Eats doubled its presence in grocery delivery.

Read more: DoorDash challenges Instacart’s grip on groceries with new Albertsons partnership

Also: Uber Eats Devours Rideshare Business as the company doubles its runs

In numbers

Research from PYMNTS report, The Bring-It-to-Me Economy, created in collaboration with Fiserv’s Carat, reveals that consumers are seeking on-demand meals at unprecedented levels, and are now 31% more likely to eat their orders from restaurant to home than to dinner at the restaurant. Additionally, the customer base for ready-to-eat meal delivery is significantly larger than that for grocery delivery, with nearly half of all consumers ordering restaurant meals for delivery more than they do. did so before March 2020, compared to roughly a quarter who are in charge. shopping for delivery more often.

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What the experts say

With this partnership, Sunbasket is taking a sort of “if you can’t beat them, join them” approach as third-party markets typically compete with D2C meal delivery companies.

“Our closest competitor is… probably your Grubhub, Uber Eats and delivery guys,” Mike Wystrach, CEO and co-founder of the weekly food subscription service Freshly owned by Nestle, told PYMNTS in an interview. “They really focus on convenience and how consumers get food when they’re at home and they don’t want to cook – I think that’s really the use case of our consumers. [too]. “

For Instacart, the partnership keeps the delivery service relevant even as consumers turn away from grocery shopping and turn to fast-food options.

“The dynamic of the 1950s, where someone cooked six square meals a week and went out maybe once a week, is going to be totally the opposite,” Marc Choy, president of Ghost Kitchen Brands, told Karen Webster. during a conversation last month. . “This is how people will know how to get their food – by ordering.”

See also: In competition with third-party delivery services, launches new herbal range

Read more: In-store ghost kitchens turn Walmart into Uber Eats competitor

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NEW PYMNTS DATA: TODAY’S SELF-SERVICE PURCHASE JOURNEY – SEPTEMBER 2021

On: Eighty percent of consumers want to use non-traditional payment options like self-service, but only 35 percent were able to use them for their most recent purchases. Today’s Self-Service Shopping Journey, a PYMNTS and Toshiba Collaboration, analyzes more than 2,500 responses to find out how merchants can address availability and perception issues to meet demand for self-service kiosks.

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