LGC Capital Intends to Extend Warrants
MONTRÉAL, May 16, 2019 (GLOBE NEWSWIRE) -- LGC Capital Ltd. (TSXV: LG) (OTCQB: LGGCF) ("LGC" or the “Corporation”) announces that it will be applying to the TSX Venture Exchange (the “TSX-V”) for approval to extend the expiry date of an aggregate of 24,871,822 outstanding common share purchase warrants (the “Warrants”) that were issued in connection with a private placement which closed in December 2017, as further described in LGC’s press releases dated December 1 and December 7, 2017.
Each Warrant entitles the holder thereof to purchase one common share in the capital of the Corporation at an exercise price of $0.25 per share. A total of 19,871,822 of the Warrants currently have an expiry date of June 1, 2019, and 5,000,000 of the Warrants currently have an expiry date of June 7, 2019. The Corporation is proposing to extend the expiry date of all of the Warrants to December 1, 2019.
All other terms of the Warrants will remain the same, including the acceleration option which allows the Corporation to accelerate the expiry date of the Warrants to a date which is 30 days following the date of an acceleration notice in the event that the volume weighted average trading price of LGC’s common shares is at least $0.30 for a period of ten consecutive trading days.
The proposed extension of the expiry date of the Warrants is subject to approval by the TSX-V.
For further information please contact:
President, John McMullen, +1-416-803-0698, firstname.lastname@example.org
Chief Financial Officer, Mark Shinners, email@example.com Investor Relations, Dave Burwell, +1-403-221-0915, firstname.lastname@example.org
Caution Regarding Press Releases
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
One Liberty Plaza - 165 Broadway
NY 10006 New York
GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire
Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire
GAM Holding AG: Interim management statement for the three-month period to 30 September 201917.10.2019 07:00:00 CEST | Press release
17 October 2019 PRESS RELEASE GAM Holding AG: Interim management statement for the three-month period to 30 September 2019 Group assets under management (AuM), including investment management and private labelling, totalled CHF 135.7 billion1 as at 30 September 2019, down from CHF 136.1 billion2 as at 30 June 2019 Investment Management AuM of CHF 51.1 billion1 as at 30 September 2019 were 2% lower compared to 30 June 2019, driven by net outflows of CHF 1.4 billion, partly offset by positive market and foreign exchange movements of CHF 0.4 billion Net outflows recorded in August driven by client risk off sentiment with positive net inflows in July, while September remained flat Investment performance remains strong with 69% and 73% of AuM in funds outperforming their respective benchmarks over the three- and five-year periods Private Labelling AuM of CHF 84.6 billion1 as at 30 September 2019 were 1% higher compared to 30 June 2019, driven by net inflows of CHF 0.3 billion and positive n
Prosafe SE: Operational update Q3 201917.10.2019 07:00:00 CEST | Press release
The fleet utilisation rate in the third quarter of 2019 was 48.2 per cent (Q3 2018: 48.1 per cent). Safe Caledonia completed a four-month contract for a major oil and gas operator in the UK sector on 18 August 2019 and is currently laid up in the UK. On 31 July 2019, Prosafe signed a contract with Total for the Safe Caledonia to provide accommodation support at the Elgin complex in the UK sector of the North Sea. The firm duration of the contract commencing mid-April 2020 is 162 days with one 30-day option. Safe Boreas continued the contract with Equinor at the Mariner installation in the UK and was in full operation throughout the quarter. On 16 August 2019, Equinor exercised the fourth of six one-month options extending the contract’s firm period through October 2019. Safe Zephyrus has been operating at the Clair Ridge platform West of Shetland for BP since 14 May 2019 and was in full operation during this quarter. The contract was completed on 14 October 2019. Safe Concordia is at a
AMG Advanced Metallurgical Group N.V. Subsidiary AMG Vanadium Honored with Award for Environmental Stewardship from Marathon Petroleum17.10.2019 07:00:00 CEST | Press release
Amsterdam, 17 October 2019 --- AMG Advanced Metallurgical Group N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") today announced its subsidiary, AMG Vanadium, has been awarded the 2018 Environmental Stewardship Award from Marathon Petroleum Corporation (MPC) for extraordinary environmental stewardship and business performance. The Environmental Stewardship Award recognizes significant efforts in minimizing the environmental impact or delivering ways to reduce the footprint of Marathon Petroleum’s operations. MPC’s fourth annual Supplier Recognition Awards ceremony was held recently in San Antonio, Texas. At the event, Marathon Petroleum recognized its top suppliers from among more than 15,000 suppliers with which it does business. AMG Vanadium, a recycling partner of resid spent catalyst from MPC’s Galveston Bay refinery, was among a small group of suppliers to receive special recognition for extraordinary performance in the area of environmental stewardship. Hoy E. Frakes, Jr., President of AM
SBM Offshore completes US$1.14 billion financing of Liza Unity16.10.2019 18:38:00 CEST | Press release
October 16, 2019 SBM Offshore is pleased to announce that it completed the project financing of FPSO Liza Unity for a total of US$1.14 billion. The project financing was secured by a consortium of nine international banks. The Company expects to draw the loan in full, phased over the construction period of the FPSO. The financing will become non-recourse once the FPSO is completed and the pre-completion guarantees have been released. The project loan has a tenor of two years post completion, in line with the duration of the charter, and carries a variable interest cost of LIBOR plus 1.50%. The Liza Unity FPSO design is based on SBM Offshore’s industry leading Fast4Ward® program as it incorporates the Company’s new build, multi-purpose hull combined with several standardized topsides modules. The FPSO will be designed to produce 220,000 barrels of oil per day, will have associated gas treatment capacity of 400 million cubic feet per day and water injection capacity of 250,000 barrels pe
DNO ASA: Mandatory Notification of Trade16.10.2019 16:59:00 CEST | Press release
Oslo, 16 October 2019 - DNO ASA, the Norwegian oil and gas operator, has today purchased 1,100,000 own shares at an average price of NOK 12.4948 per share. Following this transaction, DNO holds 76,600,000 own shares. -- For further information, please contact: Media: email@example.com Investors: firstname.lastname@example.org -- DNO ASA is a Norwegian oil and gas operator focused on the Middle East and the North Sea. Founded in 1971 and listed on the Oslo Stock Exchange, the Company holds stakes in onshore and offshore licenses at various stages of exploration, development and production in the Kurdistan region of Iraq, Norway, the United Kingdom, Netherlands, Ireland and Yemen. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Auction details government bonds16.10.2019 16:20:00 CEST | Press release
Auction date October 23, 2019 Maturity date Loan ISIN code Coupon Issue volume, SEK million 2028-05-12 1060 SE0009496367 0.75% 1,000 2039-03-30 1053 SE0002829192 3.5% 500 Settlement date October 25, 2019 Bids have to be entered by 11.00 on October 23, 2019 Bid only through dealers approved by the Swedish National Debt Office For more information, please contact: The funding desk + 46 8 613 4780 FO@riksgalden.se