CGI Says Selected for Finnish National Agency for Education's largest ICT procurement to date

LunR Royalties Completes Acquisition of Fruta del Norte Silver Stream, Gets Conditional Approval to Graduate to TSX

LunR Royalties (LUNR.V) has completed the acquisition of a life-of-mine silver stream on the Fruta del Norte mine in exchange for 50.5 million of its common shares issued to Lundin Gold, LunR said late on Thursday.The company has also received conditional approval to list its common shares on the Toronto Stock Exchange and graduate from the TSX Venture Exchange. Final approval of the listing is subject to certain customary requirements of the TSX.Under the agreement, LunR will purchase 100% of the payable silver production from Fruta del Norte until 12.2 million ounces have been delivered; then 50% of payable silver production until an additional 7.8 million ounces have been delivered; then 7.55 of payable silver production for the remaining life of mine.LunR will purchase silver at 10% of the spot price at the time of each delivery for ounces delivered up to the first dropdown threshold. Payments will increase to 20% of the spot price for ounces delivered up to the second dropdown threshold, and thereafter will increase to 30% of the spot price for the remaining life of mine.The stream is effective as of March 1. The first delivery of streamed silver is expected by the end of the second quarter.Lundin Gold has declared a special dividend-in-kind to distribute all of the consideration shares to eligible Lundin Gold shareholders. The consideration shares that would otherwise be distributed to ineligible shareholders will be sold. The shareholders will receive a cash payment equal to the net proceeds of the sale, less applicable taxes.The dividend will be payable on June 11 to Lundin Gold shareholders of record at the close of business on June 4. The cash payment to ineligible shareholders will be payable as soon as reasonably practicable following the sale of consideration shares.

Laurentian Says It Remains Confident In Closing These Transactions By Late 2026

Comes After Laurentian Bank Last December Sold Its Commercial Ops to Fairstone Bank of Canada, and the Retail and Small Business Segment To National Bank