DENVER, Colo., August 27, 2019- (24/7MarketNews via COMTEX) Venture Market News for August 27, 2019.
K92 Mining Pays US$12.5 Million to Eliminate Contingent Payment to Barrick Gold Corporation
VANCOUVER, British Columbia, Aug. 27, 2019 (GLOBE NEWSWIRE) — K92 Mining Inc. (“K92” or the “Company”) (TSX-V: KNT; OTCQX: KNTNF) is pleased to announce that K92 has now paid US$12.5 million to Barrick Gold Corporation (“Barrick”) under the Amendment Agreement previously announced on July 17, 2019. Under the terms of the Amendment Agreement, K92 was to provide Barrick with a cash payment of US$12.5 million within 60 days from the date of the Amendment Agreement to eliminate the contingent payment arrangement under the terms of the share sale agreement dated June 11, 2014 (“Original Agreement”) which would have been effective until March 6, 2025 (refer to K92’s consolidated interim financial statements for the three months ended March 31, 2019, filed on SEDAR and the Company’s website for information on the contingent payments under the Original Agreement).
TerrAscend Announces Early Warrant Exercise for Proceeds of $31.5 Million
TORONTO, Aug. 27, 2019 /CNW/ – TerrAscend Corp. (CSE: TER; OTCQX: TRSSF) (“TerrAscend” or the “Company“) the first and only cannabis company licensed for sales in Canada, the US, and the EU, today announced the early exercise of purchase warrants to acquire proportionate voting shares representing 28,636,361 common shares of the Company (the “Warrants“) for aggregate proceeds of approximately CDN$31.5 million.
Ahold Delhaize share buyback update
Zaandam, the Netherlands, August 27, 2019 – Ahold Delhaize has repurchased 290,300 of Ahold Delhaize common shares in the period from August 19, 2019 up to and including August 23, 2019. The shares were repurchased at an average price of €20.89 per share for a total consideration of €6.1 million. These repurchases were made as part of the €1 billion share buyback program announced on November 13, 2018.
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