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Parkland Issues Statement in Response to Simpson Oil Limited
Monday, April 15, 2024 3:59 AM

The current call for a strategic review represents another attempt by Simpson Oil Limited ("Simpson") to circumvent established corporate governance without considering the interests of all shareholders. In 2023, while having nominees on our Board, Simpson solicited a potential sale of Parkland at a valuation significantly below the Company's intrinsic value. "Parkland's Board fulfils its responsibilities for the benefit of all shareholders, not at the direction of one." Parkland does not undertake any obligations to publicly update or revise any forward-looking statements except as required by securities laws. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

Related Symbols : NE-WS, OIL

Company :

Category : NewsBusiness News

#parklands #response #governance

ForexLive Asia-Pacific FX news wrap: USD/JPY extends higher again
Monday, April 15, 2024 3:40 AM

Bitcoin lost ground over the weekend but the impact on other financial markets was more subdued once they opened on Monday/Sunday evening (US time). Oil had a volatile opening but has calmed to be little changed now from its level of late on Friday. Its a similar story across much of major FX bar USD/JPY. The People’s Bank of China added in 100bn yuan, not fully offsetting the 170bn yuan maturing on Wednesday this week. Mainland China stock markets have traded higher on the day.

Related Symbols : NE-WS

Company :

Category : FinanceInvestingCurrencies & Foreign Exchange

#usdjpy #higher #forexlive

Tesla On The Cusp Of Massive 20% Job Cuts Amid Fundamental Woes, Stock Slump: Report
Monday, April 15, 2024 3:33 AM

The job cuts being contemplated would be in the order of up to 20% reduction, and in absolute terms it could mean tens of thousands of employees, the report said. Tesla is yet to respond to Benzinga’s email seeking confirmation regarding the report. Amid the economic uncertainties, Tesla was among the earliest to announce job cuts in 2022. Later in late-2022, rumors said Tesla was planning to freeze hiring and would announce more job cuts in the first quarter of 2023. Loading... Loading...Tesla further confounded stakeholders with an announcement from Musk regarding robotaxi unveil.

Related Symbols : NE-WS, TSLA

Company :

Category : FinanceInvesting

#slump #quarter #musk

Kin Mining, PNX Metals to merge
Monday, April 15, 2024 3:30 AM

Image: FocusStocker/shutterstock.comKin Mining and PNX Metals, a gold and base metals explorer, are set to merge via a scheme of arrangement, which will see Kin acquire 100 per cent of the PNX shares. Under the terms of the agreement, each PNX shareholder will receive one ordinary fully paid share in Kin for every 13 ordinary fully paid PNX shares held on the scheme record date. If the scheme is approved and implemented, KIN and PNX will form a merged group where Kin shareholders will hold about 72 per cent of the entity, with PNX shareholders holding the balance. Estimated at $123 million, Kin said the merged entity will create a diversified portfolio of quality mineral assets across Australia’s Tier 1 jurisdictions. “The merger of Kin and PNX is set to create one of the most exciting growth stocks in the junior resource sector on the ASX,” PNX executive chairman Graham Ascough said.

Related Symbols : GOLD, NE-WS

Company : Barrick Gold Corp

Category : FinanceInvestingStocks & Bonds

#gold #entity #exploration