VANCOUVER: The Yield Growth Corp’s wholly owned subsidiary Jack n Jane Essentials Inc. signed a definitive agreement with Argentia Gold Corporation for the manufacture and distribution of Jack n Jane branded cannabis products in Canada. The agreement includes 35 products to be launched over a 2-year term, including similar products that have been previously launched…
Olam secures a US$176 million term loan from IFC and JICA
SINGAPORE: Global food and agri-business Olam International Limited and its wholly owned subsidiary Olam Treasury Pte. Ltd. have secured multi-tranche financing facilities aggregating US$176.0 million from the International Finance Corporation (IFC) and Japan International Cooperation Agency (JICA). The Facilities consist of two tranches – a 5-year term loan of US$120.0 million and a 7-year term…
iX Biopharma inks agreement to supply medicinal cannabis wafer to the Australian market
SINGAPORE: Specialty pharmaceutical company iX Biopharma Ltd announced that its wholly-owned subsidiary, iX Syrinx has formalised a supply agreement with Cannatrek Medical Pty Ltd, a wholly-owned subsidiary of Cannatrek Ltd. Cannatrek is a medicinal cannabis enterprise with a national distribution network in Australia and participates heavily in doctor and patient education programmes for medicinal cannabis….
United Overseas Australia updates on potential impact of Covid-19 outbreak on group
SINGAPORE: The COVID-19 outbreak was declared a pandemic by the World Health Organization (‘WHO’) in March 2020, which continues to spread throughout Australia and Malaysia (the Group’s main geographical area of operation). In addition, the Malaysian government implemented a movement control order (‘MCO’) on the 18 March 2020 as a result of COVID-19, with the…
Power Metals forms gold exploration JV with Red Rock Resources
SYDNEY: Power Metal Resources (POW), a metals exploration and development company, announced the commencement of a new joint venture (JV) with Red Rock Resources Plc to build a strategic gold exploration portfolio in Australia. Paul Johnson Chief Executive Officer of Power Metal Resources plc commented: “This strategic move into Australian gold exploration is an important…
Randall & Quilter Investment announces new equity investment into the group
LONDON: Randall & Quilter Investment Holdings Ltd., the global program management and legacy acquisitions specialist, announced US$100 million of new equity investment into the group. The new investment includes a US$80 million subscription by Brickell Insurance Holdings LLC, an investment vehicle controlled by 777 Partners, for a new series of preferred stock issued by Randall…
SICO BSC bids to acquire majority stake in Muscat Capital LLC
MUSCAT: Bank Muscat SAOG has received in-principle interest from SICO BSC (c), a Bahrain based regional asset manager and investment bank, to acquire a majority shareholding in Muscat Capital LLC. Muscat Capital is a Saudi Single Shareholder Closed Joint Stock Company, licensed by the Saudi Capital Market Authority and wholly-owned subsidiary of Bank Muscat with…
Adventures of Tintin Mobile Game expands soft launch into New Zealand
COPENHAGEN: 5th Planet Games announced that the Adventures of Tintin Match 3 mobile game is now expanding the soft launch territory into New Zealand. Following the succesfull soft launch in the Phillipines and Australia, the soft launch is now, according to the development plan for the Tintin game, expanding into New Zealand, which means the…
Zwipe partners with ACC to roll out biometric payment card products and services
OSLO: Biometric fintech company Zwipe announced that Asia Credit Card Production Ltd. (ACC), a specialist smart card manufacturer based in Hong Kong, has chosen to partner with Zwipe in order to offer and roll out a range of biometric payment specific products and services including cards, wearables, enrolment and customer onboarding solutions. ACC has an…
Norsemont Mining appoints Charles Ross to the board
VANCOUVER: Norsemont Mining Inc. announced the appointment of Charles Ross to its Board of Directors. Mr. Ross has more than 25 years’ experience in the international resource sector, much of which is focused on senior project and financial management. He has served as a director, president, and chief financial officer of numerous public resource companies…
Kontrol Energy launches enterprise energy management software solution for OEMs
TORONTO: Kontrol Energy Corp. has developed a new enterprise solution for its energy management software platform. Kontrol will provide Original Equipment Manufacturers (OEMs) a white label solution which can be packaged with OEM energy efficiency products at the point of sale. “Based on ongoing discussions with our customers and a growing market opportunity, we are…
SGX and CITIC Securities seal agreement to collaborate across FICC, REITs and capital raising
SINGAPORE: Singapore Exchange Limited (SGX) and CITIC Securities Company Limited (CITIC Securities) have signed a wide-ranging strategic cooperation agreement to collaborate across multiple areas, including fixed income, currencies and commodities (FICC), real estate investment trusts (REITs), as well as equity, debt capital markets and more. The agreement was sealed at a virtual signing ceremony attended…