Fintech

~Montfort proposes two new classes of preferred shares to strengthen capital structure~

Montfort Capital Corporation (" Montfort " or the " Company ") (TSXV: MONT) (OTCQB: MONTF), a leading innovator of technology in private credit, is pleased to announce that a special meeting of its shareholders (the "Meeting") will be held December 9, 2022 at 9:00am ( Vancouver time) to seek shareholder approvals necessary to modify the capital share structure of the Company.

Montfort Capital Corp. (CNW Group/Montfort Capital Corp.)

At the Meeting, shareholders of the Company will be asked to make amendments to the special rights and restrictions attached to existing Common Shares and Series A Preferred Shares and to authorize the special rights and restrictions for two new preferred share classes: Class B preferred shares and Class C preferred shares.

Further information regarding the resolutions that shareholders will be asked to approve at the Meeting and details of how to vote are included in the management information circular of the Company dated as of November 9, 2022 (the "Circular") and other documents which can be found on the Company's profile on SEDAR at sedar.com and on the Company's corporate website at www.montfortcapital.com .

About Montfort Capital Corporation

Montfort manages a diversified family of specialized private credit brands that utilize focused strategies and experienced management teams combined with advanced technology to improve fee related performance. Montfort facilitates transparency for all of its investors through public company reporting. For further information, please visit www.montfortcapital.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 news release.

Forward-Looking Information

Certain information and statements in this news release contain and constitute forward-looking information or forward-looking statements as defined under applicable securities laws (collectively, "forward-looking statements"). Forward-looking statements normally contain words like 'believe', 'expect', 'anticipate', 'plan', 'intend', 'continue', 'estimate', 'may', 'will', 'should', 'ongoing' and similar expressions, and within this news release include any statements (express or implied) respecting the future growth of the Company and the Company's future financial performance.

Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions and other factors that management currently believes are relevant, reasonable and appropriate in the circumstances, including, without limitation, the assumption that the Company and its investee companies are able to meet their respective future objectives and priorities and assumptions concerning general economic growth and the absence of unforeseen changes in the legislative and regulatory framework for the Company.

Although management believes that the forward-looking statements are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Montfort's business. Material risks and uncertainties applicable to the forward-looking statements set out herein include but are not limited to: intense competition in all aspects of business; reliance on limited management resources; general economic risks; new laws and regulations and risk of litigation. Although Montfort has attempted to identify factors that may cause actual actions, events or results to differ materially from those disclosed in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, predicted, estimated or intended. Also, many of the factors are beyond the control of Montfort . Accordingly, readers should not place undue reliance on forward-looking statements. Montfort undertakes no obligation to reissue or update any forward-looking statements as a result of new information or events after the date hereof except as may be required by law. All forward-looking statements contained in this news release are qualified by this cautionary statement.

SOURCE Montfort Capital Corp.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2022/14/c1485.html

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Montfort Capital

Montfort Capital


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Montfort Capital Announces Normal Course Issuer Bid for Common Shares

Montfort Capital Announces Normal Course Issuer Bid for Common Shares

~Management believes the current market price of Montfort's common shares does not reflect the Company's underlying value and future prospects~

Montfort Capital Corporation ("Montfort" or the "Company") (TSXV: MONT) (OTCQB: MONTF), a leading innovator of technology in private credit, is pleased to announce  its intention to commence a normal course issuer bid through the facilities of the TSX Venture Exchange (the "TSXV") and Alternative Trading Systems ("ATS") to repurchase, for cancellation, up to 4,575,286 common shares of the Company ("Shares"), representing approximately 5% of the Company's issued and outstanding Shares (the "NCIB"). As at the date hereof, the Company has 91,505,730 Shares outstanding.

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Montfort Capital Acquires Majority Stake in Leading Insurance Lender

Montfort Capital Acquires Majority Stake in Leading Insurance Lender

Montfort closes on the third acquisition in the past year bringing total consolidated assets to $475 million

Montfort Capital Corporation ("Montfort" or the "Company") (TSXV: MONT ) (OTCQB: MONTF) a leading  alternative lender  utilizing focused strategies, experienced management teams and advanced technology, is pleased to announce it has closed on the acquisition of approximately 78% of Langhaus Financial Partners Inc. ("Langhaus"). Langhaus is the parent company of Langhaus Financial Corporation ("LFC"), Canada's largest independent provider of insurance policy backed loans, with a specific focus on high-net-worth individuals and entrepreneurs. The Langhaus acquisition was previously announced on May 12, 2022 . The total common share valuation of Langhaus is $12 million and the board, management and vendors of Langhaus are at arm's length to the Company.

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Montfort Capital Announces Quarterly Cash Dividends on Series A Preferred Shares

Montfort Capital Announces Quarterly Cash Dividends on Series A Preferred Shares

~Monfort to pay the cash dividend payment to shareholders of Series A Preferred Shares of record on September 23rd ~

Montfort Capital Corporation ("Montfort" or the "Company") (TSXV: MONT) (OTCQB: MONTF), a leading innovator of technology in private credit, today announced that the Company's board of directors has declared a quarterly cash dividend of $0.02 per Series A Preferred Shares ("Preferred Shares"), payable on September 29, 2022 to Series A preferred shareholders of record as at September 23, 2022 . The Corporation's dividend payments qualify as an 'eligible dividend' for Canadian income tax purposes.

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Montfort Capital Announces Second Quarter 2022 Financial Results

Montfort Capital Announces Second Quarter 2022 Financial Results

~Monfort delivers record Q2 revenue and record net comprehensive income;
also recently completes acquisition of Brightpath Capital~

Montfort Capital Corporation ("Montfort" or the "Company") (TSXV: MONT) (OTCQB: MONTF), a leading innovator of technology in private credit, is pleased to report consolidated interim financial results for the second quarter ended June 30, 2022 . All figures are reported in Canadian dollars unless otherwise noted.

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Montfort Capital Closes Brightpath Capital Acquisition

Montfort Capital Closes Brightpath Capital Acquisition

~Montfort acquires one of Canada's leading private providers of residential mortgages focused on Ontario and British Columbia~

Montfort Capital Corporation ("Montfort" or the "Company") (TSXV: MONT) (OTCQB: MONTF), a leading innovator of technology in private credit, is pleased to announce that it has entered into a definitive share purchase agreement (the " Acquisition Agreement ") with Kenneth Thomson The Kenneth Thomson Business Trust (2020), Universal Financial Corp., Blake Albright The Albright (2020) Family Trust, GreatBlake Holdings Inc., Sabrina Kyle The Sabrina Prudham (2020) Family Trust, 2753655 Ontario Inc. and Reap Equity Corp. (collectively, the " Vendors ") in connection with its previously announced acquisition of Brightpath Capital Corporation (" Brightpath Capita l"), Brightpath Servicing Corporation (" Brightpath Servicing "), and Brightpath Residential Mortgage LP I (" Brightpath Mortgage LP ", together with Brightpath Capital and Brightpath Servicing, " Brightpath "), as well as certain holding corporations owned by the Vendors (the " Transaction "). Immediately following the execution of the Acquisition Agreement, the parties successfully completed the Transaction and Montfort has acquired Brightpath. Pursuant to the Transaction, Montfort has acquired all the outstanding common shares of Brightpath Capital Corporation and Brightpath Servicing, and all of the outstanding limited partnership units of Brightpath Residential Mortgage LP I.

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Forward Water Technologies Announces Second Quarter 2022 Financial Results

Forward Water Technologies Announces Second Quarter 2022 Financial Results

Forward Water Technologies Corp. (TSXV:FWTC) (the "Company" or "FWTC") is pleased to announce that it has filed its condensed consolidated un-audited financial statements and related management's discussion and analysis for the three and six months ended September 31, 2022 and 2021. Copies of these financial statements and related management's discussion and analysis can be found on the Company's issuer profile at www.sedar.com. All financial information in this news release is reported in Canadian dollars, unless otherwise indicated

Q2 Financial Highlights

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ScreenPro Reports Positive Cash Flow in Q3

ScreenPro Reports Positive Cash Flow in Q3

ScreenPro Security Inc. (CSE: SCRN) (OTCQB: SCRSF) ("ScreenPro" or the "Company") announces its financial results for the third quarter. The Company has filed its financial statements ("FS") and related management discussion and analysis ("MD&A") on SEDAR for the quarterly results ending September 30, 2022 ("Q3 2022").

Q3 2022 Financial Summary

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Lake Resources NL  Provides Kachi Project Contract Update

Lake Resources NL Provides Kachi Project Contract Update

Sydney, Australia (ABN Newswire) - Clean lithium developer Lake Resources NL (ASX:LKE) (FRA:LK1) (OTCMKTS:LLKKF) is pleased to advise that a contract amendment has been signed to resolve the dispute between Lilac Solutions ("Lilac") and Lake Resources ("Lake"). This amendment allows the teams to reset the relationship and jointly focus on delivery of the world class Kachi Project which will lead the industry in terms of high-quality Lithium produced with a minimal environmental footprint. In resolving the dispute, Lake and Lilac have agreed to an amended timeline which both are confident can be achieved; as before, Lake will have certain buy back rights if Lilac does not meet agreed testing criteria in a timely manner.

Lilac and Lake continue work at the Kachi Project Demonstration Plant, with performance of the plant in line with expectations. The Demonstration Plant has now produced more than 15% of the total Demonstration Plant forecast output in the short period since the Plant came online this quarter. 20,000 litres of LiCl have been produced to date and ongoing production is proceeding, consistent with the Demonstration Plant's planned operational schedule.

The Demonstration Plant is currently operating continuously at 90 percent of steady state capacity, volume, and production. Hatch Ltd engineering personnel will travel to Argentina to observe and validate the operations of demonstration plant in steady state in coming weeks.

The Kachi Demonstration Plant continues to produce in-spec LiCl solution between 1900 and 3800 mg/L.

Previous testing on Kachi brines at Lilac's California headquarters Oakland delivered 1400-2354mg/L.

Lilac Solutions is preparing samples for shipment to Saltworks and Lilac's facility in Oakland CA for conversion into Lithium Carbonate.

Lake CEO and MD David Dickson said the progress and test work being achieved was promising.

"We are fortunate to be working with Lilac as our partner, who is equally interested in doing things differently so we can efficiently deliver the large volumes of high-quality lithium chemicals needed by battery makers.

"Importantly, this lithium can be produced cleanly and in a way that respects and involves local communities and protects the environment.

"Lilac has worked extensively with Kachi brine since 2020, generating the data needed for engineering studies. These next steps, along with the strong alignment of our companies, are quite encouraging," he said.

Lilac Solutions CEO David Snydacker commented, "Lilac and Lake are working together closely to set a new standard for pace of project development in the lithium industry. Progressing the on-site plant from completion of construction to shipping of on-spec bulk samples of lithium chloride in just two months is significantly faster than conventional projects move, where commissioning of evaporation ponds typically takes many years. We expect to continue to improve upon the traditional project development timeline as we advance toward commercial production, ultimately bringing the Kachi project on-line years ahead of competing projects. This will put the Kachi project in an excellent position to supply the lithium raw material urgently needed by automakers and capture the high prices we see in the market due to the failure of conventional approaches."



About Lake Resources NL:

Lake Resources NL (ASX:LKE) (OTCMKTS:LLKKF) is a clean lithium developer utilising clean, direct extraction technology for the development of sustainable, high purity lithium from its flagship Kachi Project, as well as three other lithium brine projects in Argentina. The projects are in a prime location within the Lithium Triangle, where 40% of the world's lithium is produced at the lowest cost.

This method will enable Lake Resources to be an efficient, responsibly-sourced, environmentally friendly and cost competitive supplier of high-purity lithium, which is readily scalable, and in demand from Tier 1 electric vehicle makers and battery makers.

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Premier Health Announces TSXV Approval of Normal Course Issuer Bid

Premier Health Announces TSXV Approval of Normal Course Issuer Bid

Premier Health of America Inc. (TSXV: PHA) (the " Corporation " or " Premier Health "), a leading Canadian Healthtech company, announced today that the TSX Venture Exchange (" TSXV ") has accepted the Corporation's application for its normal course issuer bid (the " NCIB ") for a portion of its outstanding common shares (" Common Shares ") as appropriate opportunities arise from time to time. The Corporation's NCIB will be made in accordance with the requirements of the TSXV and applicable securities laws.

Pursuant to the NCIB, Premier Health may repurchase up to a maximum of 1,428,571 Common Shares representing approximately a value of $500,000 at the current market price and 7% of its public float, where the aggregate public float as at November 14, 2022, was 19,664,860 Common Shares. Purchases under the NCIB may be made through the facilities of the TSXV, based on the prevailing market price at the time of acquisition. The NCIB will be funded using existing cash resources and any Common Shares purchased under the NCIB will be cancelled.

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ScreenPro Announces Non-Brokered Private Placement Financing

ScreenPro Announces Non-Brokered Private Placement Financing

ScreenPro Security Inc. (CSE: SCRN) (OTCQB: SCRSF) ("ScreenPro" or the "Company") is pleased to announce a non-brokered private placement financing of up to 20 million units of the Company ("Units") at a price of $0.05 per Unit (the "Private Placement").

Each Unit will consist of one (1) common share of the Company ("Share") and one (1) common share purchase warrant ("Warrant"). Each warrant will entitle the holder thereof to acquire one Share of the Company at a price of $0.05 per Share for a period of eighteen (18) months from the date of issuance.

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X1 Entertainment Group Launches New Rocket League News Portal Creating Global Hub for Rocket League Fan Community

X1 Entertainment Group Launches New Rocket League News Portal Creating Global Hub for Rocket League Fan Community

  • X1 merges owned news properties ShiftRLE and Octane.gg to create ‘the primary sports media network of Rocket League'
  • www.ShiftRLE.gg will target millions of daily Rocket League players and feature extensive play-by-play and game-by-game statistics, player and team pages, events calendar, live video, fantasy sports, and news on roster reports and rumors

X1 Entertainment Group Inc. (CSE: XONE; OTCQX: XOEEF; FSE: ZI0) ("X1" or the "Company"), a video games and media portfolio company, has today announced the launch of www.ShiftRLE.gg an all-new sports news outlet aimed at the global Rocket League fan community.

Merging its two wholly-owned media properties, ShiftRLE and Octane.gg, ShiftRLE.gg is well positioned to be the leading source for Rocket League news offering roster reports and industry rumors, and hosting an extensive database of play-by-play and game-by-game statistics which allow fans to uniquely analyze the game on a deeper level. Player and team pages will enable fans to track their favorite pro's performances throughout the season and new features to be developed such as live videos, live scores and fantasy sports will also allow fans to immerse themselves in the league and engage with the wider game community.

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