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| Share Name | Share Symbol | Market | Stock Type |
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| 2 Travel Group | TLG | London | Ordinary Share |
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| 0.00 | 0.00% | - |
| Open Price | Low Price | High Price | Close Price | Previous Close |
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Posted at 03/12/2020 01:38 by stu31 Troilus Completes C$22.1M Bought Deal Financings01/12/2020 1:52pm Troilus Gold Corp. (TSX: TLG) (OTCQB: CHXMF) (“Troilus̶ In addition, Troilus has closed its previously announced bought deal private placement pursuant to which it has issued 9,100,000 common shares (the “Common Shares”) of the Company, at a price of C$1.10 per Common Share for gross proceeds of C$10,010,000. The Common Shares and the Flow-Through Shares are collectively referred to herein as the “Offered Shares”. The aggregate gross proceeds of the two offerings are approximately C$22.1 million. The offerings were led by Cormark Securities Inc., on behalf of a syndicate of underwriters including Stifel GMP, Haywood Securities Inc., Canaccord Genuity Corp., Scotia Capital Inc., BMO Nesbitt Burns Inc., Laurentian Bank Securities Inc. and Red Cloud Securities Inc. (collectively, the “Underwriters& On November 9, 2020, concurrently with the announcement of the offerings, the Company announced entering into an agreement pursuant to which it has repurchased and cancelled the sliding 2.5% Net Smelter Royalty (“NSR”) from First Quantum Minerals Ltd. (“FQML”) attached to the 81 mineral claims and one surveyed mining lease known as the Troilus Mine, for cash consideration of C$20 million. The buy-back transaction was completed shortly after its announcement. The net proceeds from the offerings will serve to replenish the Company’s balance sheet following the utilisation of cash on hand for the buy-back of the FQML NSR. The proceeds of the sale of the Flow-Through Shares will be used on exploration expenses on the Troilus Gold Project as permitted under the Income Tax Act (Canada) and the Taxation Act (Quebec) to qualify as “Canadian exploration expenses”, “flow-through mining expenditures” and, for eligible investors, for the two 10% enhancements under section 726.4.9 and section 726.4.17.1 of the Taxation Act (Quebec). The proceeds of the sale of the Common Shares will be used for the Company’s previously planned development program for the Troilus Gold Project and for general and administrative expenses. The Flow-Through Shares were qualified for distribution by way of short form prospectus in each of the provinces of Canada, pursuant to National Instrument 44-101 – Short Form Prospectus Distributions. The Common Shares were offered on a private placement basis solely in the United States pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), and internationally, as permitted. All the Common Shares purchased in the private placement were acquired by two funds associated with a large, value focused, US institution. The Offered Shares have not been, and will not be, registered under 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 press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor will there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. |
Posted at 09/11/2020 22:45 by stu31 Troilus Enters Definitive Agreement to Buy Back 2.5% NSR From First Quantum and Announces C$10.5M Bought Deal Public Offering...TORONTO, Nov. 9, 2020 /CNW/ - Troilus Gold Corp. (TSX: TLG) (OTCQB: CHXMF) ("Troilus" or the "Company") announces that it has entered into a definitive agreement with First Quantum Minerals Ltd. ("FQML") pursuant to which it will buy back the sliding 2.5% Net Smelter Royalty (the "NSR") attached to the 81 mineral claims and one surveyed mining lease known as the Troilus Mine, which were previously acquired from FQML (see press release dated April 12, 2018), thereby cancelling the FQML NSR. In consideration for the repurchase and cancellation of the FQML NSR, Troilus will pay cash consideration of C$20M to FQML from cash on hand. The transaction is expected to close within the next 24 hours. Troilus also announces that it has entered into an agreement with Cormark Securities Inc., on behalf of a syndicate of underwriters (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a bought deal public offering basis 5,470,000 common shares of the Company that qualify as "flow-through shares" for the purposes of the Income Tax Act (Canada) and Taxation Act (Quebec) (the "Flow-Through Shares"), at a price of C$1.92 per Flow-Through Share (the "Flow-Through Offering Price") for gross proceeds of C$10,502,400. Pursuant to the agreement, the Underwriters have also agreed to purchase, on a bought deal private placement basis, 9,100,000 common shares (the "Common Shares") of the Company, at a price of C$1.10 per Common Share (the "Common Share Offering Price") for gross proceeds of C$10,010,000. The Common Shares and the Flow-Through Shares are collectively referred to herein as the "Offered Shares". The aggregate gross proceeds of the two offerings will be approximately C$20.5 million. Troilus CEO Justin Reid commented, "We view the buy-back of the FQML NSR as a highly accretive transaction to Troilus shareholders based on the modelling and economics as presented in the recently filed positive preliminary economic assessment (see news releases dated August 31, 2020 and October 15, 2020). When presented with the chance to repurchase and cancel a 2.5% NSR on the Troilus Project, we were eager to take advantage of this opportunity to further improve the economics and value of our project. Subject to completion, the proceeds of the offerings will replenish our balance sheet and enable us to accomplish our exploration and development objectives." The Underwriters also have an option to purchase up to 820,500 additional Flow-Through Shares at the Flow-Through Offering Price, for market stabilization purposes and to cover over-allotments, if any, for a period expiring 30 days after the date of closing for additional proceeds of up to C$1,575,360, assuming the over-allotment is exercised in full. The net proceeds from the offerings will serve to replenish the Company's balance sheet following the utilisation of cash on hand for the buy-back of the FQML NSR. The Company would not have proceeded with the buy-back transaction without entering into the agreement for the offerings and thereby preserve its strong cash position. The proceeds of the sale of the Flow-Through Shares will be used on exploration expenses on the Troilus Gold Project as permitted under the Income Tax Act (Canada) and the Taxation Act (Quebec) to qualify as "Canadian exploration expenses", "flow-through mining expenditures" and, for eligible investors, for the two 10% enhancements under section 726.4.9 and section 726.4.17.1 of the Taxation Act (Quebec). The proceeds of the sale of the Common Shares will be used for the Company's previously planned development program for the Troilus Gold Project and for working capital purposes. The Flow-Through Shares will be offered by way of short form prospectus in each of the provinces of Canada, pursuant to National Instrument 44-101 – Short Form Prospectus Distributions and some may be resold in the United States pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and in such other jurisdictions outside of Canada and the United States as agreed to by the Company, in each case in accordance with all applicable laws and provided that no prospectus, registration statement or similar document is required to be filed in such jurisdiction. The Common Shares will be offered on a private placement basis solely in the United States pursuant to an exemption from the registration requirements of the U.S. Securities Act, and internationally, as permitted. It is intended that the Underwriters will seek to arrange for a large, value focused US institution to acquire all or a significant portion of the Common Shares as a substituted purchaser for the Common Shares. The offerings are scheduled to close on or before December 1, 2020 and are subject to certain conditions including, but not limited to, receipt of all applicable regulatory approvals, including the approval of the Toronto Stock Exchange and the applicable securities regulatory authorities. The Offered Shares have not been, and will not be, registered under 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 press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor will there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. About Troilus Gold Corp. Troilus is a Toronto-based, Quebec focused, advanced stage exploration and early-development company focused on the mineral expansion and potential mine re-start of the former gold and copper Troilus mine. The 107,326 hectare Troilus property is located within the Frotêt-Evans Greenstone Belt in Quebec, Canada. From 1996 to 2010, Inmet Mining Corporation operated the Troilus project as an open pit mine, producing more than 2,000,000 ounces of gold and nearly 70,000 tonnes of copper. |
Posted at 14/10/2004 07:54 by jasperminka Ladies and Gentlemen, a warm welcome to the prestigious 90% club. Hats off to Bev and his team for a sterling performance over the last 14 months, and a continued commitment to value destruction, zero investor relations, absymal PR and little or no long term strategy. Hurrah. |
Posted at 22/8/2004 23:42 by gelp loans from investors with security over fhold - come on - whats wrong with banks loaning with security over fhold. is this the biggestest taker of p.... on the market. drunk driver - random breath tests - when will `the badger` take a ride.(sorry foreigners the Badger is the Esther Ransom of Welsh TV). Perhaps a kids story will be based on this bus company - better than some I`ve read!Ditched ages ago. shares not the buses - i think - Gives the market a bad name! Lets have a statement from the guys with the security of the freehold!!But why should they bother? How do you sell these short? please tell me! |
Posted at 18/6/2004 16:04 by jasperminka That's a rarity - it went up! Whatever next, a decent investor relations strategy? |
Posted at 27/5/2004 13:04 by karld1 BenThe website is . It is absolutely pathetic, designed by a welsh teenager with an addiction to "oh so clever" animated gifs and (as they are such cheapskates) hosted on a free server that gives you a popup ad every time you click a link! Also don't bother trying to look for anything about investor relations, results, contact details (not even an address) or shareprice, as its not there. And they never ever ever answer emails. What a great company! Yours (very busy at sea!) J |
Posted at 25/4/2004 14:50 by lottowinner you tell em jasperminka.I'm a long term holder of TLG and know a lot of other investors who know this a great stock to be in. Keep holding you will be rewarded. |
Posted at 25/4/2004 10:45 by invisage Hey Guys,Just thought id tell you about DART GROUP. - The smart investors' favourite budget airline - A host of shrewd investors are backing budget airline and distribution business Dart Group with one top smaller companies team buying at the start of this month. Dart (DTG), which operates fledgling budget airline jet2.com and also offers air distribution services using the same planes, has become a tempting destination after a slump in its share price in the second half of last year. Heres a few reasons why its a good time to buy now... * Results in 7 weeks (16th June) * ISA Stock * The first half of the year Dart's pre-tax profits rose by 31% to £7.1 million from a 16% rise in turnover * Company is very cheap with a P/E of only just over 7 and a forward P/E of just over 6 * Offers a healthy 4.7% dividend yield * Market Cap. 45.70 m * Shares In Issue 34.49 m * 3.7% spread * Directors and Institutions hold 61% of the shares, very few in public hands. * Loads of cash in Bank * Jet2 operates from Leeds/Bradford and Belfast with flights to 13 destinations once a Belfast-Prague service is launched at the end of this month. * 16% (net book value) of the total tangible assets is in freehold property with less than 1% in short term leaseholds * Airline booking increasing this year, a Very good recovery play considering the stock is on the bottom of its range... When Dart's fleet of aircraft is not being used to transport holidaymakers they are utilised for distribution services, ferrying cargo, fresh produce and flowers. The company is also involved in freight forwarding at Manchester, Newcastle, east Midlands and London Heathrow. Cheers Invisage |
Posted at 27/2/2004 15:02 by wole It's shameful but they don't give a toss about the little private investor. I am 100% sure the institutions and bigger investors are well up to date on what's happening. They probably feel the rest of us are just piggy-backing on their outlay. I know they won't call me back... Ficken scheißen teufel! |
Posted at 26/2/2004 17:20 by wole Very old Investors Chronicle article published just as TLG floated.16 January 2003 2 Travel Coaches looks to be going places The new monies will be used to fund expansion, helping the group to bolster its fleet, to finance recently-awarded local authority routes, and for future acquisitions. Revenues are split across its divisions, with the majority of income coming from coach operations. This accounted for 49 per cent of sales in the year ended 31 August 2002, as the group benefited from relationships with tour holiday operators. Results for the period revealed a 58 per cent hike in sales to GBP3.7m (GBP2.3m), and profits of GBP212,000 (GBP52,000 loss). Trading is expected to commence on 20 January. IC VIEW Given that large operators are withdrawing from marginal areas, the group is aiming to acquire smaller key businesses in profitable niches. Although it may take time for 2TC to grow its geographic reach, it could be worth jumping on board. |
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