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Mining & Metals
Boba Mint Holdings Says Closed Private Placement for Proceeds of $325,000
Boba Mint Holdings (TNJ.CN) closed an additional tranche of its previously announced offering by issuing an aggregate of 3.25 million common shares, at a price of $0.10 per share, for gross proceeds to the company of $325,000, the company said on Friday.The gross proceeds from the offering are intended to be used for general working capital purposes and may also be allocated to supporting additional game development at WERD Studios, it added.The company said it may proceed with additional closings of its private placement. "We continue to invest in ourselves and support our core mission of becoming a leader in gaming and app releases," said Andrew Shore, Chief Executive Officer.The company's shares were last seen unchanged at $0.05 on the Canadian Securities Exchange.
$TNJ.CN
Mining & Metals
Air Canada Reaches Tentative Agreement With Unifor
Air Canada (AC.TO) has reached a tentative collective agreement with Unifor, the company said on Friday.Unifor represents 6,000 contact centre, customer relations, concierge, airport in-terminal and customer journey management employees at Air Canada.Terms of the new agreement are confidential pending a ratification vote by the membership, which is expected to be completed over the next month, as well as approval by the Air Canada board of directors, a statement said.Air Canada shares were last seen down $0.02, to $20.28, on the Toronto Stock Exchange.Price: $20.29, Change: $-0.02, Percent Change: -0.10%
$AC.TO
Mining & Metals
Update: EnWave Swings to a FQ2 Loss; Signs Technology Evaluation and License Option Agreement with a "Leading Global Packaged Food Company"
(Updates with the company's second quarter results and share movement.)EnWave (ENW.V) on Friday said its swung to a loss in its fiscal second quarter, and signed a technology evaluation and license option agreement with a "leading global packaged food company."The company lost C$1.1 million in the quarter, compared to net income after income tax of C$0.8 million in the year-ago quarter.Fiscal second-quarter revenue was C$1.2 million, down from C$3.7 million in the corresponding year-ago quarter."The decrease was primarily related to fewer machine sales and machines in fabrication due to the inherent volatility in large-scale Radiant Energy Vacuum ("REV") machine orders," stated the company.Earlier Friday, the company also said it entered into a technology evaluation and license option agreement with "one of the world's largest multinational food companies".According to the agreement, the partner will conduct a commercial-scale evaluation of EnWave's proprietary Radiant Energy Vacuum (REV) dehydration technology for potential application across multiple food categories within the partner's "extensive global product portfolio", said the company.Subject to successful completion of the evaluation program, the agreement provides the partner with the option to negotiate one or more commercial royalty-bearing licenses for the use of REV technology, stated the company.The partner is a "global leader" in branded consumer foods with annual revenues exceeding US$20 billion and operations spanning retail grocery, snack foods, breakfast cereals, frozen foods, convenience meals, and ingredient solutions, noted the company, and added that the partner distributes products in more than 100 countries and maintains a portfolio of internationally recognized household brands."The evaluation program will focus on assessing REV's ability to preserve flavor, texture, color, and nutritional characteristics while reducing drying times compared to conventional dehydration methods," said the company. "The Partner is also expected to evaluate REV's potential to support premium product innovation and manufacturing efficiencies across select high-volume product categories."The company expects the evaluation work to begin over the coming months at the partner's facilities and at EnWave's innovation center in Vancouver, Canada.The company's shares were last seen unchanged at C$0.23 on the TSX Venture Exchange.
$ENW.V