|Symbol||Name||Price (intraday)||Change||% change||Volume||Avg vol (3-month)||Market cap||PE ratio (TTM)||52-week range|
|0TXW.L||Perseus Mining Limited||0.4250||-0.7150||-62.72%||27,346||N/A||681.177M||5.12|
|INX.L||i-nexus Global plc||11.75||-3.75||-24.19%||1.095M||432,257||3.475M||N/A|
|0HD8.L||UBS ETF - Bloomberg Barclays MSCI US Liquid Corporates Sustainable UCITS ETF||14.57||-3.24||-18.17%||150,432||0||N/A||N/A|
|ECR.L||ECR Minerals plc||1.8750||-0.4000||-17.58%||86.176M||11.938M||16.774M||N/A|
|ADV.L||Advance Energy Plc||2.0500||-0.3500||-14.58%||59.127M||4.023M||35.228M||N/A|
|ARS.L||Asiamet Resources Limited||2.4300||-0.3200||-11.64%||16.431M||19.592M||35.825M||N/A|
|3LLL.L||Graniteshares Financial Public Limited Company||68.49||-8.78||-11.36%||160,263||165,043||N/A||N/A|
|3LRR.L||Graniteshares Financial Public Limited Company||0.8060||-0.1010||-11.13%||236.781M||55.036M||N/A||N/A|
|BOIL.L||Baron Oil Plc||0.0600||-0.0075||-11.11%||1.91B||139.885M||6.256M||N/A|
|3BAL.L||WisdomTree EURO STOXX Banks 3x Daily Leveraged||330.95||-41.20||-11.07%||491,058||117,931||N/A||N/A|
|VAST.L||Vast Resources plc||0.0825||-0.0100||-10.81%||800.631M||254.891M||17.573M||N/A|
|SPC.L||U.K. Spac Plc||0.2600||-0.0300||-10.34%||30.821M||61.146M||4.816M||2.60|
|COBR.L||Cobra Resources plc||2.2000||-0.2500||-10.20%||2.46M||5.045M||7.203M||N/A|
|GCL.L||Geiger Counter Limited||34.50||-3.90||-10.16%||1.827M||471,267||45.965M||57.50|
|3LRD.L||Graniteshares Financial Public Limited Company||30.15||-3.35||-10.00%||202,642||115,995||N/A||N/A|
|ICON.L||Iconic Labs Plc||0.0093||-0.0010||-9.71%||1.462B||404.721M||3.479M||N/A|
|HE1.L||Helium One Global Ltd||12.30||-1.30||-9.56%||34.04M||7.749M||61.471M||N/A|
|KIBO.L||Kibo Mining Plc||0.3500||-0.0350||-9.09%||25.318M||37.728M||8.221M||N/A|
|FPP.L||Fragrant Prosperity Holdings Limited||6.38||-0.62||-8.93%||2.503M||3.27M||3.967M||N/A|
|CGNR.L||Conroy Gold and Natural Resources plc||25.50||-2.50||-8.93%||291,889||278,487||10.012M||N/A|
Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining 20 April 2021 Vast Resources plc(“Vast” or the “Company”) Director Share Purchase Vast Resources plc, the AIM-listed mining company, announces that it was notified on 20 April 2021 that Mr Andrew Prelea, Chief Executive Director of the Company, purchased 25,000,000 ordinary shares of 0.1 pence each in the share capital of the Company (“Ordinary Shares”) at a price of 0.837 pence per Ordinary Share on the Secondary Market. Following this purchase, Mr Prelea’s total beneficial ownership in the Company is 1,606,514,739 Ordinary Shares, which represents approximately 7.54% of the Company’s issued share capital. Market Abuse Regulation (MAR) Disclosure Certain information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018 (“UK MAR”) until the release of this announcement. The notifications below, made in accordance with the requirements of the UK Market Abuse Regulation, provide further detail on the directors' dealing in the Ordinary Shares. **ENDS** For further information, visit www.vastplc.com or please contact: Vast Resources plcAndrew Prelea (CEO)Andrew Hall (CCO)www.vastplc.com+44 (0) 20 7846 0974Beaumont Cornish - Financial & Nominated Adviser Roland Cornish James Biddlewww.beaumontcornish.com+44 (0) 020 7628 3396SP Angel Corporate Finance LLP – Joint Broker Richard MorrisonCaroline Rowe www.spangel.co.uk +44 (0) 20 3470 0470Axis Capital Markets Limited – Joint Broker Richard Hutchison www.axcap247.com +44 (0) 20 3206 0320St Brides Partners LimitedSusie Geliher www.stbridespartners.co.uk +44 (0) 20 7236 1177 ABOUT VAST RESOURCES PLC Vast Resources plc is a United Kingdom AIM listed mining company with mines and projects in Romania and Zimbabwe. In Romania, the Company is focused on the rapid advancement of high-quality projects by recommencing production at previously producing mines. The Company's Romanian portfolio includes 100% interest in the producing Baita Plai Polymetallic Mine, located in the Apuseni Mountains, Transylvania, an area which hosts Romania's largest polymetallic mines. The mine has a JORC compliant Reserve & Resource Report which underpins the initial mine production life of approximately 3-4 years with an in-situ total mineral resource of 15,695 tonnes copper equivalent with a further 1.8M-3M tonnes exploration target. The Company is now working on confirming an enlarged exploration target of up to 5.8M tonnes. The Company also owns the Manaila Polymetallic Mine in Romania, which was commissioned in 2015, currently on care and maintenance. The Company has been granted the Manaila Carlibaba Extended Exploitation License that will allow the Company to re-examine the exploitation of the mineral resources within the larger Manaila Carlibaba licence area. In Zimbabwe, the Company is focused on the commencement of the joint venture mining agreement on the Community Diamond Concession, Chiadzwa, in the Marange Diamond Fields. 1. Details of the person discharging managerial responsibilities/person closely associated a) Name: Andrew Prelea 2. Reason for the notification a) Position/status: Chief Executive Officer b) Initial notification/Amendment: Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name: Vast Resources Plc b) LEI: 213800QXLO766CMGCQ60 4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument: Identification code: Ordinary shares of £0.1 each b) Nature of the transaction: Share purchase c) Price(s) and volume(s): Price(s)Volume(s)£0.083725,000,000 d) Aggregated information: Aggregated volume: Price: Price(s)Volume(s)£0.083725,000,000 e) Date of the transaction: 20 April 2021 f) Place of the transaction: AIM, London Stock Exchange
ECR Minerals plc (LON: ECR), the gold exploration and development company, is pleased to announce high-grade drilling results from the Bailieston gold project in the Victoria Goldfields, Australia. The Bailieston project is 100% owned by ECR’s wholly owned Australian subsidiary Mercator Gold Australia ("MGA").
Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining 20 April 2021 Vast Resources plc(‘Vast’ or the ‘Company’) Letter to shareholders relating to Proposed Capital ReorganisationNotice of General Meeting Vast Resources plc, the AIM listed mining company, is pleased to announce that a General Meeting of the Company will be held at 11.00 a.m. on Wednesday 5 May 2021. The purpose of the meeting will be to effect a reorganisation of the Company’s share capital. Subject to shareholder approval, the overall effect of the capital reorganisation will be that the number of Ordinary Shares in issue will be reduced by a factor of 100, so that by way of example a holder of 100 existing ordinary shares of £0.001 (0.1p) each will hold 1 new Ordinary Share of £0.001 (0.1p) each. As a consequence of the current measures implemented by the UK Government, shareholders will not be permitted to attend the General Meeting but are strongly encouraged to submit their votes by proxy as soon as possible. Voting at the General Meeting will be carried out by way of poll so that votes cast in advance, and the votes of all shareholders appointing the chairman of the General Meeting as their proxy, can be taken into account. The letter from the Chairman and Notice of the General Meeting along with the Form of Proxy have been posted to shareholders today and will be made available on the Company’s website, accessible under the Constitutional Documents section of the Document Downloads page and using the following link: https://www.vastplc.com/investor-information/document-downloads The relevant text included in the letter from the Chairman is appended below. **ENDS** For further information, visit www.vastplc.com, follow the Company on Twitter @vast_resources and LinkedIn, or please contact: Vast Resources plcAndrew Prelea - CEOAndrew Hall - CCOwww.vastplc.com+44 (0) 20 7846 0974 Beaumont Cornish - Financial & Nominated Adviser Roland Cornish James Biddlewww.beaumontcornish.com+44 (0) 020 7628 3396 SP Angel Corporate Finance LLP – Joint Broker Richard MorrisonCaroline Rowe www.spangel.co.uk +44 (0) 20 3470 0470 Axis Capital Markets Limited – Joint Broker Richard Hutchison www.axcap247.com +44 (0) 20 3206 0320 St Brides Partners Limted Susie Geliher www.stbridespartners.co.uk +44 (0) 20 7236 1177 The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018 (“UK MAR”). ABOUT VAST RESOURCES PLC Vast Resources plc is a United Kingdom AIM listed mining company with mines and projects in Romania and Zimbabwe. In Romania, the Company is focused on the rapid advancement of high-quality projects by recommencing production at previously producing mines. The Company's Romanian portfolio includes 100% interest in the producing Baita Plai Polymetallic Mine, located in the Apuseni Mountains, Transylvania, an area which hosts Romania's largest polymetallic mines. The mine has a JORC compliant Reserve & Resource Report which underpins the initial mine production life of approximately 3-4 years with an in-situ total mineral resource of 15,695 tonnes copper equivalent with a further 1.8M-3M tonnes exploration target. The Company is now working on confirming an enlarged exploration target of up to 5.8M tonnes. The Company also owns the Manaila Polymetallic Mine in Romania, which was commissioned in 2015, currently on care and maintenance. The Company has been granted the Manaila Carlibaba Extended Exploitation License that will allow the Company to re-examine the exploitation of the mineral resources within the larger Manaila Carlibaba licence area. In Zimbabwe, the Company is focused on the commencement of the joint venture mining agreement on the Community Diamond Concession, Chiadzwa, in the Marange Diamond Fields. APPENDIX TEXT OF THE LETTER FROM THE CHAIRMAN OF THE COMPANY Notice of General Meeting at 11.00 a.m. on 5 May 2021 1. IntroductionThe purpose of the General Meeting is to consider and, if thought fit, approve the Resolution relating to the Capital Reorganisation as described below. 2. Reasons for the proposed Capital ReorganisationAt the date of this document the Company has in issue 21,300,489,402 ordinary shares of £0.001 (0.1p) each (“Existing Ordinary Shares”) which are publicly traded on AIM. The proposal is to reduce the number of Existing Ordinary Shares by a factor of 100. This will be done by converting the 21,300,489,402 Existing Ordinary Shares into 213,004,895 New Ordinary Shares and 2,343,053,845 New Deferred Shares. The New Deferred Shares would rank pari passu with the Company’s existing Deferred Shares and would have no economic value so that each New Ordinary Share in principle has exactly 100 times the value of each Existing Ordinary Share. The Capital Reorganisation comprises two distinct parts, firstly a consolidation of the Existing Ordinary Shares on a 1 for 100 basis, and then a subdivision of each resulting ordinary share of 10p into one New Ordinary Share and eleven New Deferred Shares. The main reason for the consolidation is that the number of Ordinary Shares currently in issue is now considerably higher than that of other companies of a similar size on AIM. Combined with the current low share price, the Company has been advised that the share structure is inappropriate for an AIM company and needs to be rectified. The Board also anticipates that the higher price per New Ordinary Share should, in due course, improve the marketability of the Company’s shares to institutional investors. The main reason for the subdivision is to ensure that the price at which the New Ordinary Shares are traded is well in excess of their nominal value. The subdivision will also pave the way for the Company to distribute dividends to shareholders as the Company becomes profitable, should it decide to do so. This arises from the creation of the block of economically valueless New Deferred Shares with, in aggregate, a relatively large nominal value and which, together with the Company’s Existing Deferred Shares and its share premium account, can be cancelled and set off against the existing deficit. This cancellation will require separate approval by shareholders at the appropriate time, as well as court approval. 3. Capital Reorganisation3.1 The Consolidation and Subdivision of the Company’s sharesThe Board is proposing to reduce the number of Ordinary Shares in issue by a factor of 100. In order to do this it is proposed that every 100 Existing Ordinary Shares of £0.001 (0.1p) each be consolidated into 1 Ordinary Share of £0.10 (10p) which are each then subdivided into 1 New Ordinary Share of £0.001 (0.1p) each and 11 New Deferred Shares of £0.009 (0.9p) each. On the assumption that the issued share capital immediately prior to the General Meeting is 21,300,489,500 Existing Ordinary Shares (following the issue of 98 Existing Ordinary Shares as described in paragraph 3.2 below) there will be 213,004,895 New Ordinary Shares in issue immediately following the passing of the Resolution. The consolidation and subsequent subdivision of the Existing Ordinary Shares will not, of itself, affect the value of any shareholding as each New Ordinary Share held by each Shareholder will in principle be worth almost exactly 100 times the value of each Existing Ordinary Share held by each Shareholder immediately prior to the consolidation. On the same assumption, the Resolution will also result in 2,343,053,845 New Deferred Shares of £0.009 (0.9p) each which shall rank pari passu with the 863,562,664 Existing Deferred Shares. No share certificates will be issued in respect of the New Deferred Shares. 3.2 Fractional Entitlements In anticipation of the Resolution being passed by the Shareholders, the Company will immediately prior to the General Meeting and Record Date, issue such number of additional Ordinary Shares as will result in the total number of Ordinary Shares in issue being exactly divisible by 100. On the assumption that no New Ordinary Shares are issued between the date of this document and immediately before the General Meeting, this will result in 98 additional Ordinary Shares being issued. These additional 98 Ordinary Shares will be issued to the Registrar and will only represent a fraction of a New Ordinary Share. This fraction will be sold pursuant to the arrangements for fractional entitlements detailed at paragraph 3.3 below. No Shareholder will, pursuant to the Capital Reorganisation, be entitled to receive a fraction of a New Ordinary Share. In the event that the number of Existing Ordinary Shares attributed to a Shareholder is not exactly divisible by 100, the Consolidation will generate an entitlement to a fraction of a New Ordinary Share. Such fractional entitlements will be aggregated and sold on the open market (see further explanation regarding fractional entitlements at paragraph 3.3 below). Accordingly, following the implementation of the Capital Reorganisation, any Shareholder who as a result of the Consolidation has a fractional entitlement to any New Ordinary Share, will not have a resultant proportionate shareholding of New Ordinary Shares exactly equal to their proportionate holding of Existing Ordinary Shares. Furthermore, any Shareholder who holds fewer than 100 Existing Ordinary Shares as at the Record Date will cease to be a Shareholder. The minimum threshold to receive New Ordinary Shares will be 100 Existing Ordinary Shares. 3.3 Sale of Fractional Entitlements As set out above, the Capital Reorganisation will give rise to fractional entitlements to a New Ordinary Share where any holding is not precisely divisible by 100. As regards the New Ordinary Shares, no certificates regarding fractional entitlements will be issued. Any New Ordinary Shares in respect of which there are fractional entitlements will be aggregated and sold in the market for the best price reasonably obtainable on behalf of Shareholders entitled to fractions (‘Fractional Shareholders’). As the net proceeds of sale due to a Fractional Shareholder are expected to amount in aggregate to only a trivial sum, the Board is of the view that, as a result of the disproportionate costs, it would not be in the best interests of the Company to consolidate and distribute all such proceeds of sale, which instead shall be retained by the Company in accordance with the Articles of Association of the Company. For the avoidance of doubt, the Company is only responsible for dealing with fractions arising on registered holdings. For Shareholders whose shares are held in the nominee accounts of UK stockbrokers, the effect of the Capital Reorganisation on their individual shareholdings will be administered by the stockbroker or nominee in whose account the relevant shares are held. The effect is expected to be the same as for shareholdings registered in beneficial names, however it is the stockbroker’s or nominee’s responsibility to deal with fractions arising within their customer accounts, and not the Company’s responsibility. 3.4 Effects of Capital Reorganisation For purely illustrative purposes, examples of the effects of the Capital Reorganisation (should shareholders at the General Meeting approve the Resolution) are set out below: Number of Existing Ordinary Shares heldNew Ordinary Shares following the Capital Reorganisation99010011,100111,000,00010,000 The example below shows a holding of Existing Ordinary Shares which will be subject to a fractional entitlement, the value of which will depend on the market value of the New Ordinary Shares at the time of sale. Number of Existing Ordinary Shares heldNew Ordinary Shares following the Capital ReorganisationFraction of New Ordinary Shares following the Capital Reorganisation512,6475,1260.47 Application will be made for the New Ordinary Shares to be admitted to trading on AIM and dealings in the New Ordinary Shares are expected to commence on 6 May 2021. The New Ordinary Shares will trade under a new ISIN: GB00BMD68046 3.5 Resulting Ordinary Share Capital The issued ordinary share capital of the Company immediately following the Capital Reorganisation, assuming that it is approved by the Shareholders and that no further Existing Ordinary Shares are issued before the General Meeting, is expected to comprise 213,004,895 New Ordinary Shares. 3.6 Rights attaching to New Ordinary Shares The New Ordinary Shares arising upon implementation of the Capital Reorganisation will have the same rights as the Existing Ordinary Shares including voting, dividend and other rights. 3.7 Effects on Options and other Instruments The entitlements to Ordinary Shares of holders of securities or instruments convertible into Ordinary Shares (such as share options and warrants) will be adjusted to reflect the Capital Reorganisation. The Company will notify these holders of the Capital Reorganisation in due course. 3.8 United Kingdom Taxation in relation to the Capital Reorganisation The following information is based on UK tax law and HM Revenue and Customs practice currently in force in the UK. Such law and practice (including, without limitation, rates of tax) is in principle subject to change at any time. The information that follows is for guidance purposes only. Any person who is in any doubt about his or her position should contact their professional advisor immediately. For the purposes of UK taxation of chargeable gains, a Shareholder should not be treated as making a disposal of all or part of his holding of Existing Ordinary Shares by reason of the Consolidation. The New Ordinary Shares should be treated as the same asset, and as having been acquired at the same time and at the same aggregate cost as, the holding of Existing Ordinary Shares from which they derive. On a subsequent disposal of the whole or part of the New Ordinary Shares comprised in the new holding, a shareholder may, depending on his or her circumstances, be subject to tax on the amount of any chargeable gain realised. 4. Admission of the New Ordinary Shares Application will be made for the New Ordinary Shares to be admitted to trading on AIM in place of the Existing Ordinary Shares. Subject to Shareholder approval of the Resolution, it is expected that Admission will become effective and that dealings in the New Ordinary Shares will commence on 6 May 2021. Shareholders who hold Existing Ordinary Shares in uncertificated form will have such shares disabled in their CREST accounts on the Record Date, and their CREST accounts will be credited with the New Ordinary Shares following Admission, which is expected to take place on 6 May 2021. FOLLOWING COMPLETION OF THE CAPITAL REORGANISATION, CERTIFICATES IN RESPECT OF EXISTING ORDINARY SHARES WILL CEASE TO BE VALID. Share certificates in respect of holdings of New Ordinary Shares will be sent to the registered address of shareholders on the register at 6.00pm on the Record Date. 5. General Meeting Set out at the end of the Circular sent to shareholders is the notice convening the General Meeting. Please note that given the continuing COVID-19 pandemic and the associated UK Government’s restrictions on public gatherings and non-essential travel, which remain in place at the time of issuing the Notice, the Company is adopting the following GM arrangements in order to ensure that the health and wellbeing of all of our shareholders and Directors is protected: The GM will only address the formal matters contained in the Notice of Meeting.Attendance by additional shareholders is not considered as ‘essential for work purposes’ and therefore shareholders are not allowed to attend the meeting.All shareholders are urged to vote at the GM, using one of the methods set out in note 6 to the Notice as sent to shareholders, and appointing the Chairman of the meeting as their proxy.Shareholders can raise any questions in relation to the business of the General Meeting via email to firstname.lastname@example.org. 6. Action to be taken Shareholders have been sent a Form of Proxy for use at the General Meeting. Shareholders are requested to complete and return the Form of Proxy in accordance with the instructions printed thereon. To be valid, completed Forms of Proxy must be received by the Registrar as soon as possible, and in any event not later than 11.00 a.m. on 30 April 2021. In light of the COVID-19 pandemic Shareholders are urged to exercise their votes by submitting their proxy and appoint the Chair of the General Meeting as his or her proxy. Given the continuing COVID-19 pandemic and the associated UK Government’s restrictions on public gatherings and non-essential travel, which remain in place at the time of issuing this Circular, shareholders and their proxies will not be allowed to attend the meeting in person. The General Meeting will be purely functional in format to comply with the relevant legal requirements. Accordingly, Shareholders are urged to exercise their votes using one of the methods set out in note 6 of the Notice, and appointing the Chair of the General Meeting as his or her proxy. Shareholders are reminded that, if their Ordinary Shares are held in the name of a nominee, only that nominee or its duly appointed proxy can be counted in the quorum at the General Meeting. If you are in any doubt as to what action you should take, you are recommended to seek your own personal financial advice from your broker, bank manager, solicitor, accountant or other independent financial adviser authorised under the Financial Services & Markets Act 2000 (as amended) if you are resident in the United Kingdom or, if not, from another appropriately authorised independent financial adviser, immediately. The Board understands that the General Meeting also serves as a forum for Shareholders to raise questions and comments. If Shareholders do have any questions or comments relating to the business of the meeting that they would like to ask the Board, they are asked to submit those questions in writing via email to email@example.com by no later than 9.00 a.m. on 4 May 2021. The Board will look to answer these questions in writing and will respond to shareholders directly or via the website at www.vastplc.com. 7. Recommendation On the basis of the advice set out above, the Directors consider that the Capital Reorganisation is in the best interests of the Company and its Shareholders as a whole. Accordingly, the Directors unanimously recommend that Shareholders vote in favour of the Resolution to be proposed at the General Meeting, as they intend to do in respect of their aggregate interests of 1,940,788,625 Existing Ordinary Shares (representing approximately 9.11% of the Existing Ordinary Shares of the Company). Yours sincerely Brian MoritzChairman 19 April 2021 EXPECTED TIMETABLE OF KEY EVENTS Publication and posting to Shareholders of thisDocument 19 April 2021Latest time and date for receipt of Forms of Proxy 11.00 a.m. on 30 April 2021Latest time for Shareholders to submit questionsby email to the Board 9.00 a.m. on 4 May 2021General Meeting 11.00 a.m. on 5 May 2021Latest time and date for dealings in Existing Ordinary Shares Close of business on 5 May 2021Record Date6.00pm on 5 May 2021Admission effective and commencement ofdealings in the New Ordinary Shares8.00am on 6 May 2021CREST accounts credited with the New OrdinaryShares in uncertificated form 6 May 2021Despatch of definitive certificates for New OrdinaryShares (in certificated form) Week commencing 17 May 2021 Notes: (1) References to times in this document are to London time (unless otherwise stated).(2) The dates set out in the timetable above may be subject to change.(3) If any of the above times or dates should change, the revised times and/or dates will be notified by an announcement to an RNS. STATISTICS RELATING TO THE CAPITAL REORGANISATION Existing Ordinary Shares in issue at the date of the document21,300,489,402Expected Existing Ordinary Shares in issue immediately prior tothe General meeting21,300,489,500Conversion ratio of Existing Ordinary Shares to New OrdinaryShares100 Existing Ordinary Shares:1 New Ordinary ShareExpected total number of New Ordinary Shares in issue following the Capital Reorganisation213,004,895New Ordinary Shares will trade under a new ISINGB00BMD68046 Existing Deferred Shares in issue at the date of this document863,562,664Total number of Deferred Shares in issue following the Capital Reorganisation3,206,616,509
PERTH, Western Australia, April 19, 2021 (GLOBE NEWSWIRE) -- Perseus Mining Limited (“Perseus” or the “Company”) (TSX & ASX: PRU) reports on its activities for the three months’ period ended March 31, 2021 (the “Quarter”). An executive summary is provided below. However, full details of activities in the March Quarter, including reconciled production and all-in site cash costs, are included in the Company’s March 2021 Quarterly Activity Report released to the market on April 20, 2021. The full report is available for download from www.perseusmining.com, www.asx.com.au and www.sedar.com. Executive Summary Perseus achieved a 29% increase in gold production with its third mine, Yaouré ramping up, 31% increase in gold sales and a 3.5% decrease in AISC for the quarter, highlighting its consistently improving operating performance. Table 1: Operating and Financial Summary Performance IndicatorUnitDecember2020QuarterDecember2020Half YearMarch 2021 Quarter2021FinancialYear toDateGold recovered1Ounces68,614137,38688,458225,845Gold poured1Ounces65,657133,71786,042219,759Production Cost2US$/ounce915868852863All-In Site Cost (AISC)2US$/ounce1,0361,0009991,000Gold sales1Ounces66,644127,08587,215214,300Average sales price2US$/ounce 1,6871,6431,6281,637Notional Cashflow2US$ million44.688.341.7130.0 Yaouré Gold Mine commissioning successfully completed during the Quarter with “Commercial Production” formally declared on March 31, 2021.The Group’s quarterly gold production of 88,458 ounces increased 29% from the December Quarter1.The Group’s AISC for the quarter was US$999 per ounce, a 3.5% decrease from last quarter2.Quarterly gold sales increased 31% to 87,215 ounces.The average realised gold price decreased 3.5% to US$1,628 per ounce resulting in quarterly notional cashflows from these operations of US$41.7 million, US$2.9 million or 7% less than in the December 2020 quarter.Perseus’s gold production and AISC market guidance of 175,000 to 190,000 ounces at US$950 to US$1,150 per ounce for the June 2021 Half Year remains unchanged.Encouraging exploration results achieved at Bagoé near Sissingué and at Govisou on the Yaouré mining lease (Refer to the release dated April 7, 2021).Available cash and bullion on hand of US$136 million and debt of US$130 million giving a net cash position of US$6 million at quarter end, US$18 million more than at the end of last quarter.Perseus is on track to achieve its goal of producing more than 500,000 ounces of gold per year at a cash operating margin of not less than US$400 per ounce. Notes: 1. Includes gold produced at Yaouré. 2. Excludes Yaouré’s AISC, and sales pending declaration of Commercial Production on March 31, 2021. Balance Sheet strength maintained by strong operating cash flows. Available cash and bullion on hand of US$118.1 million at quarter end. Debt has been reduced by US$20 million to US$130 million giving a net debt position during the quarter of US$11.9 million, US$9.3 million more than at the end of last quarter. Encouraging organic growth opportunities emerging. Organic growth opportunities are being investigated on existing licence areas, particularly at Bagoé near Sissingué and on the Yaouré mining lease and are expected to deliver incremental growth in Mineral Resources and Ore Reserves. Perseus Group Production and Cost Guidance – June 2021 Half Year Production and cost guidance for the June 2021 Half Year and the 2021 Full Financial Year remains unchanged as follows: Table 2: Production and Cost Guidance: ParameterUnitDecember 2020 HalfYear (Actual)June 2021 Half Year (Forecast)2021 Financial Year (Forecast)Edikan Gold Mine Gold production‘000 Ounces78,79087,500 – 95,000166,290 – 173,790All-In Site Cost (AISC)US$/ounce1,2531,000 – 1,2001,115-1,225Sissingué Gold Mine Gold production‘000 Ounces55,90939,500 – 43,00095,409 – 98,909All-In Site Cost (AISC)US$/ounce643650 - 725646-677Yaouré Gold Mine Gold production‘000 Ounces2,68748,000 – 52,00050,687 – 54,687All-In Site Cost (AISC)US$/ounce-1,100 – 1,3001,100-1,300Perseus Group Gold production‘000 Ounces137,386175,000 – 190,000312,386 – 327,386All-In Site Cost (AISC)US$/ounce1,000950 -1,150970 – 1,067 PROGRAM FOR THE JUNE 2021 QUARTER GOLD MINING OPERATIONS All Sites Produce gold at an all-in site cost in line with the published Life of Mine Plans (LOMP).Continue planning and implementing continuous improvement initiatives aimed at increasing gold production and reducing AISC. Sissingué Continue work on licencing mining of the Fimbiasso, Véronique, Antoinette and Juliette satellite deposits. Yaouré Prepare and publish an updated LOMP for the Yaouré Gold Mine.Complete land and crop compensation payments to affected land holders and farmers. Business Growth Edikan Commence drilling at the Breman prospect on the Agyakusu permit as soon as agreement is reached with the local community.Commence AC drilling of soil anomalies on the DML permit.Commence soil sampling and mapping on the Domenase permit.Complete assessment of the potential of the Mampong South deposit for further drilling. Sissingué Prepare and publish a Definitive Feasibility Study and ESIA for the development of the Bagoé prospects, including Antoinette, Véronique and Juliette deposits.Continue exploration drilling on the Bagoé tenement.Complete drilling of three deep diamond drill holes below the Sissingué open pit. Yaouré Complete assessment of the CMA South, Govisou and Angovia 2 deposits to define drilling and studies required to convert to Ore Reserves.Identify and prioritise drilling targets from the 3D seismic survey. Other Results from the exploration program are expected to contribute incremental growth in Mineral Resources and Ore Reserves by the end of the June 2021 quarter.Continue to review both “bolt on” acquisition and merger opportunities for continued corporate growth and value creation. Sustainability Preparation of Perseus’s 2020 Sustainability Report is underway. The Report will be published in April 2021 highlighting advances made by Perseus in Environmental, Social and Governance (ESG) performance during the year. This year, Perseus has enhanced its disclosure on sustainability-related risks and opportunities by aligning with key reporting frameworks used by our stakeholders. These include the World Gold Council Responsible Gold Mining Principles, Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB) and the Task Force on Climate Related Financial Disclosures (TCFD). To discuss any aspect of this announcement, please contact: Managing Director:Jeff Quartermaine at email firstname.lastname@example.org; Corporate Communications:Claire Hall at telephone +61 414 558 202 or email Claire.email@example.com Media Relations:Nathan Ryan at telephone +61 4 20 582 887 or email firstname.lastname@example.org (Melbourne) Competent Person Statement:All production targets for Edikan, Sissingué and Yaouré referred to in this report are underpinned by estimated Ore Reserves which have been prepared by competent persons in accordance with the requirements of the JORC Code. The information in this report that relates to Esuajah North Mineral Resources estimate was first reported by the Company in compliance with the JORC Code 2012 and NI43-101 in a market announcement entitled “Perseus Mining Updates Mineral Resources & Ore Reserves” released on 29 August 2018. The information in this report that relates to the Mineral Resource and Ore Reserve estimates for the Bokitsi South and AFG Gap deposits at the EGM was first reported by the Company in compliance with the JORC Code 2012 and NI43-101 in a market announcement released on 26 August 2020. The information in this report that relates to the Mineral Resource and Ore Reserve estimates for the other EGM deposits (Fetish and Esuajah South Underground) was first reported by the Company in compliance with the JORC Code 2012 and NI43-101 in a market announcement released on 20 February 2020 and was updated for depletion until 30 June 2020 in a market announcement released on 26 August 2020. The Company confirms that it is not aware of any new information or data that materially affect the information in those market releases and that all material assumptions underpinning those estimates and the production targets, or the forecast financial information derived therefrom, continue to apply and have not materially changed. The Company further confirms that material assumptions underpinning the estimates of Ore Reserves described in “Technical Report — Central Ashanti Gold Project, Ghana” dated 30 May 2011 continue to apply. The information in this report that relates to Mineral Resources and Ore Reserves for Sissingué was first reported by the Company in compliance with the JORC Code 2012 and NI43-101 in a market announcement released on 29 October 2018 and includes an update for depletion as at 30 June 2020.The information in this report that relates to Mineral Resources and Ore Reserves for the Fimbiasso East and West deposits, previously Bélé East and West respectively, was first reported by the Company in compliance with the JORC Code 2012 and NI43-101 in a market announcement released on 26 August 2020. The Company confirms that material assumptions underpinning the estimates of Mineral Resources and Ore Reserves described in those market announcements. The Company confirms that it is not aware of any new information or data that materially affect the information in these market releases and that all material assumptions underpinning those estimates and the production targets, or the forecast financial information derived therefrom, continue to apply and have not materially changed. The Company further confirms that material assumptions underpinning the estimates of Ore Reserves described in “Technical Report — Sissingué Gold Project, Côte d’Ivoire” dated 29 May 2015 continue to apply. The information in this report in relation to Yaouré Mineral Resource and Ore Reserve estimates was first reported by the Company in compliance with the JORC Code 2012 and NI43-101 in a market announcement on 28 August 2019. The Company confirms that all material assumptions underpinning those estimates and the production targets, or the forecast financial information derived therefrom, in that market release continue to apply and have not materially changed. The Company further confirms that material assumptions underpinning the estimates of Ore Reserves described in “Technical Report — Yaouré Gold Project, Côte d’Ivoire” dated 18 December 2017 continue to apply. The information in this report that relates to exploration results at Yaouré and Bagoé was first reported by the Company in compliance with the JORC Code 2012 and NI43-101 in a market announcement released on 7 April 2021. The Company confirms that it is not aware of any new information or data that materially affects the information in that market announcement. Caution Regarding Forward Looking Information: This report contains forward-looking information which is based on the assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Assumptions have been made by the Company regarding, among other things: the price of gold, continuing commercial production at the Yaouré Gold Mine, the Edikan Gold Mine and the Sissingué Gold Mine without any major disruption due to the COVID-19 pandemic or otherwise, the receipt of required governmental approvals, the accuracy of capital and operating cost estimates, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain financing as and when required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used by the Company. Although management believes that the assumptions made by the Company and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Forward-looking information involves known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any anticipated future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, the actual market price of gold, the actual results of current exploration, the actual results of future exploration, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's publicly filed documents. The Company believes that the assumptions and expectations reflected in the forward-looking information are reasonable. Assumptions have been made regarding, among other things, the Company’s ability to carry on its exploration and development activities, the timely receipt of required approvals, the price of gold, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain financing as and when required and on reasonable terms. Readers should not place undue reliance on forward-looking information. Perseus does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
MONTRÉAL, April 19, 2021 (GLOBE NEWSWIRE) -- Bombardier Inc. (“Bombardier” or the “Corporation”) announced today that its cash tender offer previously announced on March 22, 2021 (as amended by the Corporation’s press release dated April 5, 2021, the “Tender Offer”) to purchase for cash up to US$1,571,000,000 aggregate purchase price (exclusive of Accrued Interest) (the “Aggregate Maximum Purchase Amount”) of three series of its outstanding senior notes (collectively, “Notes”) due 2021, 2022 and 2023 as identified in the Offer to Purchase (as defined below), expired at the Expiration Date, 11:59 P.M., New York City time, on April 16, 2021. Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Offer to Purchase dated March 22, 2021 (as amended by the Corporation’s press release dated April 5, 2021, the “Offer to Purchase”) with respect to the Tender Offer. On the Early Settlement Date, April 6, 2021, the Company accepted for purchase and purchased, US$955,552,000 aggregate principal amount of the 2021 Notes (93.91%), US$315,754,000 aggregate principal amount of the 2022 Notes (63.15%) and US$225,000,000 aggregate principal amount of 2023 Notes (18.00%). As a result, on the Early Settlement Date, the aggregate total purchase price payable under the Offer to Purchase for Notes validly tendered and not validly withdrawn at or prior to the Early Tender Date and accepted for purchase reached the 2023 Tender Cap with respect to the 2023 Notes and was within US$786,032.24 of reaching the Aggregate Maximum Purchase Amount for all Notes. After the Early Tender Date, but at or prior to the Expiration Date for the Tender Offer, an additional US$913,000 aggregate principal amount of the 2021 Notes were validly tendered and not validly withdrawn, an additional US$3,043,000 aggregate principal amount of 2022 Notes were validly tendered and not validly withdrawn and an additional US$1,142,000 aggregate principal amount of 2023 Notes were validly tendered and not validly withdrawn. In accordance with the terms of the Tender Offer as set forth in the Offer to Purchase and as permitted by applicable law, all additional Notes that were validly tendered after the Early Tender Date, but at or prior to the Expiration Date, will be accepted for purchase by Bombardier, upon the terms and conditions contained in the Offer to Purchase, on the Final Settlement Date. All such Notes that are being accepted for purchase by the Corporation will be settled on the Final Settlement Date in accordance with the terms of the Tender Offer as set forth in the Offer to Purchase. Bombardier expects such Final Settlement Date to be April 20, 2021. “Bombardier has taken an important step in deleveraging its balance sheet,” said Bart Demosky, Executive Vice President and Chief Financial Officer. “With this tender now complete, and the repayment of our senior secured credit facility announced in February, Bombardier has deployed approximately $2.4 billion of available cash towards debt repayment, including proceeds from the sale of Bombardier Transportation. These actions will play a key role in reducing annual cash interest costs, and represent a critical step towards executing on the strategic plan outlined at our Investor Day this past March.” This announcement does not constitute an offer to buy or sell or the solicitation of an offer to sell or buy any securities. Certain statements in this announcement are forward-looking statements based on current expectations. By their nature, forward‑looking statements require us to make assumptions and are subject to important known and unknown risks and uncertainties, which may cause our actual results in future periods to differ materially from those set forth in the forward-looking statements. For additional information regarding these risks and uncertainties, and the assumptions underlying the forward‑looking statements, please refer to the Offer to Purchase. For Information Francis Richer de La FlècheVice President, Financial Planning and Investor RelationsBombardier+514 855 5001 x13228Mark MasluchDirector, Communications and Public Affairs Bombardier +514 855 7167
Certification enables operators of Bombardier Challenger 300 and Challenger 350 aircraft to benefit from Viasat’s fastest available download speeds in the super midsize segmentBombardier continues to enhance available services for customers via its growing worldwide support network MONTREAL and CARLSBAD, Calif., April 15, 2021 (GLOBE NEWSWIRE) -- Bombardier and global communications company Viasat Inc. (Nasdaq: VSAT) are pleased to announce regulatory approval for the installation and use of Viasat’s Ka-band in-flight connectivity (IFC) business aviation system on in-service Challenger 300 and Challenger 350 aircraft, for their fastest available download speeds in the super midsize segment. This solution is also offered for new Challenger 350 business jets, further strengthening the aircraft’s winning combination of performance and cabin experience. Supplemental Type Certificates (STC) have been successfully received from the U.S. Federal Aviation Administration (FAA), as well as from the European Union Aviation Safety Agency (EASA). Viasat first announced it would bring enhanced cabin connectivity to Bombardier Challenger 300 and Challenger 350 business jets in July 2020. Regulatory approval clears the way for operators of those aircraft to have Viasat’s Ka-band Global Aero Terminal 5510 installed for a premier in-cabin internet experience over the most heavily travelled flight routes and regions. Installation of the Viasat system will be available at Bombardier’s worldwide network of service centres. “Bombardier is excited to offer customers the Viasat Ka-Band system, which provides enriched in-flight connectivity for passengers and crew in all phases of flight,” said Elza Brunelle-Yeung, Senior Director of Products, Pricing and Digital for Bombardier’s Service and Support, and Corporate Strategy organization. “This enhanced connectivity further elevates the unmatched cabin experience and smooth ride aboard our Challenger 300-series aircraft.” With recent announcements highlighting the rapid growth of Bombardier’s worldwide support network, including in Melbourne and Berlin, the introduction of several exciting new products and services and the latest developments in the Smart Link Plus program, Bombardier continues to build on its commitment to provide customers with the best service experience in the industry today. Claudio D’Amico, Viasat’s business area director, Business Aviation, added: “Achieving STC approval for the Challenger 300 and Challenger 350 aircraft enables Challenger operators to take advantage of Viasat’s ‘no speed limit’ Ka-band IFC service – our fastest, most robust business aviation IFC offering in the super midsize business jet market. Our service supports business-critical productivity capabilities including video conferencing and VPN access, as well as simultaneous use of entertainment apps including video and audio streaming.” Today, the Viasat Global Aero Terminal 5510 terminal communicates with Viasat’s ViaSat-1, ViaSat-2 and KA-SAT satellite platforms, and is expected to be forward-compatible with Viasat’s next-generation satellite system. Forward-compatibility will allow customers to install the Viasat shipset and subscribe to a Viasat service package today, with assurances that they can access additional satellite capacity and expanded coverage once the ViaSat-3 constellation is launched and operational. For more information about Viasat’s business aviation solutions, please visit: www.viasat.com/business-aviation or reach out to: email@example.com. For more information regarding the installation of the Viasat Ka-band connectivity system on Bombardier Challenger 300 and Challenger 350 aircraft, please contact firstname.lastname@example.org. About Viasat Viasat is a global communications company that believes everyone and everything in the world can be connected. For more than 30 years, Viasat has helped shape how consumers, businesses, governments and militaries around the world communicate. Today, the Company is developing the ultimate global communications network to power high-quality, secure, affordable, fast connections to impact people's lives anywhere they are—on the ground, in the air or at sea. To learn more about Viasat, visit: www.viasat.com, go to Viasat's Corporate Blog, or follow the Company on social media at: Facebook, Instagram, LinkedIn, Twitter or YouTube. About Bombardier Bombardier is a global leader in aviation, creating innovative and game-changing planes. Our products and services provide world-class experiences that set new standards in passenger comfort, energy efficiency, reliability and safety. Headquartered in Montréal, Canada, Bombardier is present in more than 12 countries including its production/engineering sites and its customer support network. The Corporation supports a worldwide fleet of approximately 4,900 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. News and information is available at bombardier.com or follow us on Twitter @Bombardier. Forward-Looking StatementsThis press release contains forward-looking statements that are subject to the safe harbors created under the Securities Act of 1933 and the Securities Exchange Act of 1934. Forward-looking statements include statements about the experience passengers and crew can expect on Bombardier Challenger 300 and Challenger 350 aircraft; and the forward-compatibility of Viasat’s Global Aero Terminal 5510 with its ViaSat-3 satellite system. Readers are cautioned that actual results could differ materially and adversely from those expressed in any forward-looking statements. Factors that could cause actual results to differ include: our ability to successfully implement our business plan for our broadband services on our anticipated timeline or at all; risks associated with the construction, launch and operation of satellites, including the effect of any anomaly, operational failure or degradation in satellite performance; contractual problems, product defects, manufacturing issues or delays, regulatory issues, changes in relationships with, or the financial condition of, key suppliers, and technologies that do not perform according to expectations. In addition, please refer to the risk factors contained in Viasat's SEC filings available at www.sec.gov, including Viasat's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. Viasat undertakes no obligation to update or revise any forward-looking statements for any reason. Notes to EditorsVisit the Bombardier Business Aircraft website for more information on our industry-leading products and services. Follow @Bombardierjets on Twitter to receive the latest news and updates from Bombardier Business Aircraft. To receive our press releases, please visit the RSS Feed section. Copyright © 2021 Viasat, Inc. All rights reserved. Viasat, the Viasat logo and the Viasat signal are registered trademarks of Viasat, Inc. All other product or company names mentioned are used for identification purposes only and may be trademarks of their respective owners. “No speed limits” means that there is no cap set on the speed delivered to a terminal. Speeds may still be limited by terminal equipment capabilities, network and environmental conditions, and other factors. Bombardier, Challenger, Challenger 300 and Challenger 350 are unregistered or registered trademarks of Bombardier Inc. or its subsidiaries. For InformationBombardier Louise Solomita+ 1 514-855-5001 ext. 25148Louise.Solomita@aero.bombardier.com Viasat Inc. Scott GorylPaul Froelich/Peter LopezExternal CommunicationsInvestor Relations+1 760-893-2796Scott.Goryl@viasat.com+1 760-476-2633 IR@viasat.com
OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 11,000 U.S. and global securities, today announced the first quarter 2021 performance and quarterly rebalancing of the OTCQX® and OTCQB® indexes, including the OTCQX Canada Index and the OTCQX Dividend Index.
PERTH, Western Australia, April 15, 2021 (GLOBE NEWSWIRE) -- Perseus Mining Limited (“Perseus” or the “Company”) (TSX & ASX: PRU) is hosting an investor webinar and conference call to discuss its March 2021 Quarterly Report, which is anticipated for release around 8:30am AEST on Tuesday April 20, 2021. Call Details Australia: Tuesday April 20, 2021 (Perth – 7:00am) (Sydney/Melbourne – 9:00am) Canada: Monday April 19, 2021 (Toronto – 7:00pm) (Vancouver – 4:00pm) UK: Tuesday April 20, 2021 (London – 12:00am) Register for the investor webinar at the link below: https://us02web.zoom.us/webinar/register/WN_Ms2zDpi2Q4ySMIqe2mnX4Q After registering, you will receive a confirmation email containing information about joining the webinar. To join the webinar via telephone, please use one of the following numbers and enter the Webinar ID: 830 4679 4498 For higher quality, dial a number based on your current location: Australia +61 8 7150 1149 or +61 3 7018 2005 Singapore +65 3165 1065 Canada +1 778 907 2071 USA +1 669 900 9128 New Zealand +64 9 884 6780 United Kingdom +44 203 901 7895 International numbers available: https://zoom.us/zoomconference. A recording of the conference call will be made available via Perseus’s website at perseusmining.com. This announcement was approved for release by Jeff Quartermaine, Managing Director and CEO. To discuss any aspect of this announcement, please contact: Media Relations: Nathan Ryan at telephone +61 4 20 582 887 or email email@example.com (Melbourne)
Global 7500 100th wing Bombardier celebrates the 100th manufacture of the Global 7500 wing in Red Oak, Texas. Milestone shines light on Global 7500 aircraft production growth and continued development of industry flagship business jet programAdvanced wing on Global 7500 aircraft, made in the U.S., delivers optimum speed, range, short-field capabilities and an exceptionally smooth rideBombardier recently marked the 50th delivery of the Global 7500 business jet, which continues to receive strong interest from customers worldwide MONTREAL, April 12, 2021 (GLOBE NEWSWIRE) -- Bombardier announced today that it is celebrating the completion of the 100th wing for its Global 7500 business jet, a significant milestone for the industry-leading aircraft and for the company’s facility in Red Oak, Texas, where the advanced wing is manufactured. The advanced wing on the Global 7500 aircraft celebrates Bombardier ingenuity and know-how and contributes to the aircraft’s outstanding performance and exceptionally smooth ride, delivering the ultimate flying experience in business aviation today. It also plays a significant role in the aircraft’s exceptional short-field capabilities. The Global 7500 program recently marked its 50th aircraft delivery and continues to garner significant interest from customers worldwide for its innovative technology, unique cabin design and unmatched performance. “This is an important milestone for our Global 7500 program, and we are proud of our skilled team in Red Oak, Texas,” said Paul Sislian, Executive Vice President, Operations and Operational Excellence, Bombardier. “Their dedication and expertise in manufacturing this truly unique wing, built exclusively for the Global 7500 business jet, is what helps make it the industry flagship.” Since its entry-into-service in 2018, the Global 7500 business jet has demonstrated an outstanding dispatch reliability rate of 99.7% and has proven to be the highest-performing aircraft in the industry. It completed various key speed records and challenging flights, including the longest city-pair flown by a purpose-built business aircraft, connecting Sydney and Detroit non-stop. The aircraft has also received multiple accolades, including the 2019 Aviation Week Grand Laureate Award, the 2019 Robb Report Best of the Best Business Jet of the Year Award, and the 2018 Red Dot Award for Product Design. With four distinct living spaces plus a dedicated crew rest area, it is unique among business jets in spaciousness, comfort, highly personalized design flexibility, and patented cabin innovations. Bombardier’s 600-plus employees in Red Oak play a critical role in ensuring the success of the technologically advanced wing program. In 2019, Bombardier established the Bombardier Aviation Apprenticeship Program (BAAP) in association with Texas State Technical College (TSTC). The initiative is designed to develop local talent, drive regional aerospace growth, and support the manufacture of the Global 7500 aircraft wing. The BAAP program is critical in keeping up with increased customer demand for the industry-defining aircraft. Earlier this year, Bombardier was awarded the Large Employer of the Year award from Texas Workforce Solutions for its work with TSTC in the development of the BAAP initiative. The Large Employer of the Year award honours one private-sector employer with 500 employees or more whose efforts and initiatives resulted in an extraordinary impact on the state of Texas, as well as the employers, workers and community in which the employer operates. About BombardierBombardier is a global leader in aviation, creating innovative and game-changing planes. Our products and services provide world-class experiences that set new standards in passenger comfort, energy efficiency, reliability and safety. Headquartered in Montréal, Canada, Bombardier is present in more than 12 countries including its production/engineering sites and its customer support network. The Corporation supports a worldwide fleet of approximately 4,900 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. News and information is available at bombardier.com or follow us on Twitter @Bombardier. Notes to EditorsVisit the Bombardier Business Aircraft website for more information on our industry-leading products and services. Follow @Bombardierjets on Twitter to receive the latest news and updates from Bombardier. Bombardier, Global and Global 7500 are registered trademarks of Bombardier Inc. or its subsidiaries. For InformationMatthew NichollsBombardier+ 1 firstname.lastname@example.org A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/23d2778f-ce6e-409e-81cb-48da5aa16594
Just because a business does not make any money, does not mean that the stock will go down. For example, biotech and...