Vortex Metals Inc. announced the closing of its previously announced non-brokered private placement of 19,369,411 units at a price of $0.068 per unit, resulting in aggregate gross proceeds of $1,325,882. Each unit consists of one common share and one-half of a non-transferable share purchase warrant. The warrants entitle holders to purchase an additional share at a price of $0.10 per share for 24 months from the date of issuance. The proceeds will be used for general working capital and exploration expenses.
Results for: Financing
The Chicago Bears have unveiled plans for a new lakefront stadium, highlighting the historic Soldier Field colonnades and promising no new taxes for the project. The stadium, expected to be completed by the 2028 season, would host Super Bowls, Final Fours, and concerts, while also providing 20% more open space. However, Governor J.B. Pritzker expressed skepticism about the funding for the project, which is estimated to cost at least $1 billion in public funds.
French carmaker Renault reported a 1.8% increase in first-quarter revenue, driven by strong performance in its financing business. The revenue growth was higher than anticipated, despite a decline in core automotive sales. Renault sold 549,099 units during the period, with revenue reaching 11.7 billion euros.
Renault reported a 1.8% increase in its first-quarter revenue, with strong performance in its financing business offsetting a drop in core automotive sales. Despite a challenging global auto sector, the group’s sales volumes returned to growth, reaching 549,099 units. However, pricing pressures remain due to weak demand and competition from Tesla’s price cuts.
The Arlington Heights Village Board has approved another six-month extension for the Arlington 425 project, marking the second extension granted to the developers. Despite facing a May 3 deadline, Norwood Builders requested additional time due to delays in submitting documentation and uploading large files to the village’s online portal. The $150 million development, planned for downtown Arlington Heights, includes three phases and has been in the works for five years. While financing for the project remains unsecured, developers expressed commitment to moving forward and residents expressed concerns about the pace of progress.