SYDNEY, AUSTRALIA: New Energy Solar has agreed to sell a 50% interest in Mount Signal 2 (MS2) for US$52 million subject to final confirmatory due diligence, completion of binding documentation, and a performance-linked payment structure. New Energy Solar has agreed to sell a 50% interest in NEW’s MS2 solar power plant in California to NextPowerIII…
Al Salam Bank-Bahrain tops key performance indicator rankings for GCC banking sector
MANAMA: Al Salam Bank-Bahrain (Al Salam Bank) has achieved the highest reduction in non-performing financing (NPF) amongst 55 GCC listed banks in 2019, according to a report by KPMG. The Bank also ranked sixth in the region for Capital Adequacy Ratio (CAR), with a strong standing of 20.9 per cent. This makes Al Salam Bank…
ZeU Crypto Networks deploys four blockhain based games on EOS Testnet
MONTRÉAL: ZeU Crypto Networks Inc. provides an update on the progress of its gaming development business. Today, four categories of the company’s blockchain based games are being deployed on the EOS Testnet network in an effort to collect data for the next 90 days. The dataset that will be generated is a requirement for most…
Fandom Sports appoints new board member with access to wealth management network in China
VANCOUVER: FANDOM SPORTS Media Corp. announced the appointment of Mr. Jonson Sun to the Board of Directors. Mr Sun is Toronto based and is a well known figure on Bay Street. Jonson is the founder of GIC Merchant Bank Corp, which has diversified holdings across Canada, China, South Africa and UAE. He is the Co-Founder…
Sunshine State Tea begins roll out of CBD & Vitamin infused teas
VANCOUVER: Redfund Capital Corp. announced that its portfolio client Sunshine State Tea will begin manufacturing its lineup of CBD & vitamin infused teas as Washington State reopens. Although still in a cautious stage of restarting, three more Washington state counties last week received approval to move into the next phase of the state’s Safe Start…
Madison Metals and American Pacific Mining announce shareholders’ approval for the sale of Madison Project
VANCOUVER: American Pacific Mining Corp (APM) and Madison Metals Inc. announced the shareholders of Madison have approved the sale of the Madison Copper Gold Project near Silver Star Montana, USA to APM. The Madison Project is currently under an earn-in, joint venture agreement, whereby Kennecott Exploration Company, part of the Rio Tinto Group may spend…
Mag One Products signs consulting agreement with MiAnna Consulting & Design to market Vera Clean in North America
VANCOUVER: Mag One Products Inc. has signed a consulting agreement with MiAnna Consulting & Design Inc. MiAnna will be leading and responsible for the for the following deliverables: Rebrand Vera Clean products for the North American Market; Lead and manage all logistics for the delivery, production and sales of all Vera Clean products in North…
Ores Portugal lists on Euronext Access
LISBON: Euronext announced today that 12,55 million shares of Olimpo Real Estate Portugal, SIGI, S.A. (Ores Portugal) will be listed on Euronext Access Lisbon on June, 24th further demonstrating Euronext’s leading position as a benchmark market for European Real Estate companies. Ores Portugal is the first SIGI (Sociedades de Investimento e Gestão Imobiliária) to be…
Grieg Seafood appoints Erik Holvik to drive company’s downstream strategy
OSLO: Erik Holvik is appointed Chief Commercial Officer of Grieg Seafood ASA to drive the development and execution of the company’s downstream efforts and global commercial strategy. By 2025, Grieg Seafood has an ambition to grow harvest volume to at least 150,000 tonnes, to become a cost leader in all regions where the company operates…
FOWIC signs two green financing agreements
OSLO: Fred. Olsen Windcarrier AS (FOWIC) has entered into two new long- term non-recourse debt financing arrangements related to the three offshore wind turbine transportation and installation jack-up vessels under its indirect ownership (Brave Tern, Bold Tern and Blue Tern). In conjunction with the financing, it is established a green loan framework with an eligibility…
AM Best affirms credit ratings of AMERISAFE Inc. and its operating subsidiaries
OLDWICK: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” of American Interstate Insurance Company (Omaha, NE), Silver Oak Casualty, Inc. (Omaha, NE) and American Interstate Insurance Company of Texas (Austin, TX) (collectively referred to as AMERISAFE Insurance Group or the group). Concurrently,…
AM Best upgrades issuer credit rating of Nations Insurance Company
OLDWICK: AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb+” from “bb” and affirmed the Financial Strength Rating (FSR) of B (Fair) of Nations Insurance Company (Nations) (Cerritos, CA). The outlook of the Long-Term ICR has been revised to stable from positive, while the outlook of the FSR remains stable. The…