LNG Shipping & Terminals Community’s Post

Cobalt Blue Holdings Ltd (ASX:COB, OTC:CBBHF) has extended the closing date for its pro-rata non-renounceable rights issue of one new share for every five shares held by eligible shareholders to Friday, December 20, 2024. This has been done to provide extra time for eligible shareholders to take up their entitlements. The offer price is $0.072 per share, which represents a 10% discount to the closing price of $0.08 on November 15, 2024, and between 20-23% to the 10 and 15-day VWAP, respectively as of that date, and the company is aiming to raise up to $6.08 million before costs. More at #Proactive #ProactiveInvestors #ASX #COB #ASXRightsIssue #MiningAustralia #CriticalMinerals http://ow.ly/Kexe105Quo2

Perseus refers to its off-market takeover bid under Chapter 6 of the Corporations Act for all the current and to be issued ordinary shares in OreCorp. Perseus is pleased to announce that Silvercorp Metals Inc has accepted the Perseus Offer. Silvercorp’s acceptance was for a total of 73,889,007 OreCorp Shares (representing 15.61% of OreCorp Shares on issue). As at 9 April 2024, Perseus has a relevant interest in 354,982,123 OreCorp Shares (representing 74.98% of OreCorp Shares on issue). The Perseus Offer is open until 19 April 2024 (unless extended). Perseus wants to reiterate that the Offer is: • unconditional; and • best and final in the absence of a competing proposal. OreCorp Shareholders should ACCEPT the Offer now in respect of Your OreCorp Shares. Read the full announcement here: https://loom.ly/RzZRIQ8

We wish to advise shareholders to 𝗧𝗔𝗞𝗘 𝗡𝗢 𝗔𝗖𝗧𝗜𝗢𝗡 regarding the revised unsolicited takeover offer received from Zhaojin Capital (Hong Kong) Limited. This includes the Revised Unsolicited Offer or any other documents that shareholders may receive from Zhaojin. Tietto's Board will evaluate Zhaojin’s Revised Unsolicited Offer and provide an updated recommendation to shareholders.   We note that the Revised Unsolicited Offer price of A$0.68 per Share remains below the valuation range of A$0.79 – A$0.93 per Share determined by Grant Thornton Corporate Finance Pty Ltd, the independent expert appointed to give an independent opinion on the Unsolicited Offer as part of our target’s statement dated 27 November 2023. The Tietto Board further notes that the spot gold price has increased materially since that valuation was conducted.   Read the full ASX Announcement here: https://bit.ly/3UeIAlw #TIE #Tietto #ASX #ASXnews

ATTENTION EVERFUEL SHAREHOLDERS: Reference is made to the unregulated recommended voluntary cash offer to acquire all issued and outstanding shares in Everfuel A/S as defined in the Offer Document dated 2 September 2024 by Faro BidCo ApS at NOK 13 per share. A notification has been issued to remind shareholders of the Offer Period Expiry at 16:30 (Oslo time) on the 21 October 2024: https://lnkd.in/d22AxHEE Shareholders who have not yet taken a decision regarding the Offer are encouraged to carefully read the press releases, Q&A the Board’s fairness opinion, the offer document and other important information here: https://lnkd.in/dUAybrE4 The offer is subject to certain regulatory restrictions and may not be available for shareholders in all jurisdictions.

📰 Euronav To Change Company Name ⚓ 🚢 Euronav is set to rebrand as CMB.TECH starting this October, following approval at a shareholders' meeting. The company will change its ticker symbol from EURN to CMBT on both Euronext and the New York Stock Exchange, effective July 15th. This rebranding is part of Euronav’s $1.15 billion acquisition of CMB’s green ships and green technology arm earlier this year, which saw 106 vessels transferred to Euronav. With the change, Euronav will become the main entity within the CMB Group, encompassing its tanker fleet, dry bulk fleet in Bocimar, container ships in Delphis, chemical tankers in Bochem, and offshore wind vessels in Windcat. Despite the new name, the Euronav brand will continue to represent the company’s oil tanker shipping division within CMB.TECH. The name change marks the final step in a deal between Euronav and CMB to resolve a stalemate with fellow tanker owner Frontline regarding Euronav's future. The protracted Euronav-Frontline saga dates back to at least 2022, when a $4.2 billion all-stock merger was agreed upon before being terminated by Frontline. In October 2023, Frontline agreed to acquire 24 VLCCs from Euronav for $2.35 billion, funded in part by selling its 26% stake in Euronav to CMB, thereby ending Frontline's influence over Euronav. Euronav’s history dates back to 1989 as a subsidiary of Compagnie Nationale de Navigation (CNN). In 1995, Euronav Luxembourg SA was formed as a joint venture between CNN and Compagnie Maritime Belge (CMB). Euronav NV acquired Euronav Luxembourg SA in 2022 in preparation for a demerger from CMB. The company has been listed on Euronext Brussels since 2004 and on the NYSE since 2015. The transition to CMB.TECH reflects the company’s commitment to innovation and sustainability in the maritime industry, with a focus on integrating green technology and expanding its diverse fleet. #Euronav #CMBTECH #ShippingIndustry #SpotShip

Vanchem sale approved by Bushveld shareholders Bushveld shareholders voted overwhelmingly in favor of selling the Vanchem vanadium operation in South Africa to Southern Point Resources (SPR). The vote was: 989,959,661 in favor, 52,500,899 against and 1,323,588 votes withheld. The sale is conditional on the approval of Orion and the South African Competition Tribunal which is expected at the end of July or early August. Struggling with cash flow and high-cost operations, Bushveld turned to SPR for a bailout last September. SPR agreed to provide $69.5- to 77.5-million in funding and then proceeded to be unable to cough up $12.5-million it agreed to pay for Bushveld shares by December 2023. On Jan. 22, SPR provided $2-million, not in cash, but in the form of a loan. By mid-February, Bushveld had received $6-million in the form of an interest-free loan. Finally, by mid-March, SPR had paid $12.5-million in the form of an interest-free loan. That money did not last long and by the end of April Bushveld had $2.22-million in cash. With few alternatives, Bushveld announced in early May that it would sell 100% of Vanchem to SPR for up to $40.6-million, with an initial consideration of $20.6-million and a deferred consideration of $15- to $20-million. The deal replaced its November 2023 agreement to sell 50% of Vanchem to SPR for $21.3-million. It is understandable that Bushveld shareholders would not be thrilled about selling all of Vanchem rather than a 50% stake, especially as Bushveld paid $53.5-million to acquire Vanchem in 2019. However, the alternative was going bust, which explains the lopsided vote, despite efforts by a small contingent to scuttle the deal. Bushveld received an initial advance from SPR of $3-million on May 3. SPR has agreed to advance a further $5-million on May 31 and a further $1-million on June 30, provided shareholders approved the Vanchem sale. Vanchem is one of two vanadium operations Bushveld owns; Vametco is the other. Vanchem’s 2023 production of vanadium chemicals, flake and FeV was 1,408 mt, 24% higher than in 2022 and was the highest annual production since Bushveld acquired Vanchem in 2019. Production cash cost at Vanchem averaged $27.90 per kg in 2023, 25% less than in 2022. In 2023, Vametco produced 2,306 mt of nitro vanadium, 15% less than in 2022. Average production cash cost was $25.50 per kg, 7.5% higher than in 2022 due to lower production volumes. Bushveld’s vanadium production fell 9% in the first quarter to 855 mt of V (357 mt from Vametco and 498 mt from Vanchem) compared to 943 mt in Q1 2023. Bushveld’s vanadium first-quarter 2024 sales fell 14% to 880 mt compared to 1,028 mt in Q1 2023. The weighted average production cash cost for Vanchem and Vametco was $28.40 per kg in Q1 2024 compared to $25.90 in the year-ago quarter.

𝐄𝐧𝐭𝐢𝐭𝐥𝐞𝐦𝐞𝐧𝐭 𝐎𝐟𝐟𝐞𝐫 – 𝐄𝐱𝐭𝐞𝐧𝐬𝐢𝐨𝐧 𝐨𝐟 𝐂𝐥𝐨𝐬𝐢𝐧𝐠 𝐃𝐚𝐭𝐞   We are pleased to inform our valued shareholders that South Harz Potash has extended the Closing Date for our pro-rata non-renounceable entitlement offer to provide our shareholders with more time to participate. The new deadline is now 5:00pm (WST) on Monday, 16 September 2024.   This extension is particularly aimed at supporting our growing shareholder base in the European Union and UK, which represents around 26% of our Company’s shareholding, by addressing reported logistical delays in receiving the Entitlement Offer documentation.   The revised key dates are as follows: 🔹Closing Date: 5:00pm (WST) Monday, 16 September 2024 🔹Securities quoted on a deferred settlement basis: Tuesday, 17 September 2024 🔹ASX notified of under subscriptions: Monday, 23 September 2024 🔹Quotation of Shares issued under the Offer: Tuesday, 24 September 2024   For more details, including how to accept the Offer and key risks, please refer to the Prospectus. Eligible shareholders are encouraged to review this document carefully and consult with professional advisers as needed.   Thank you for your continued support. Read the full ASX announcement here: https://bit.ly/4cX1gN2   #SouthHarzPotash #SHP #Potash #ASX #EntitlementOffer #Investors #Shareholders

🤔 What factors do PE investors look for when evaluating potential investment opportunities, and how can founders position their companies accordingly? This question was explored in our recent webinar, "The Art of the Exit in PE”, by Christian Nentwich (Founder and Board Member at Duco), as he draws from his experience highlighting the significance of net revenue retention. Watch the full discussion, including Q&A, in the on-demand recording here: https://bit.ly/4atxHSl #PrivateEquity #PE #Investments #Returns #DealStructuring #ExpertInsights #Exits

FBN Holdings to Rebrand as First Holdco Plc and Raise NGN 350 B (USD 210 K) in Capital FBNHoldings Plc has announced its shareholders' approval to change its name to First Holdco Plc. This name change, announced during its 12th Annual General Meeting (AGM), will extend to all subsidiaries. The company will also undertake a capital raise of NGN 350 B (USD 210 K) through share sales to private investors and existing shareholders. As part of the plan, FBN Holdings will increase its share capital and list the new securities on the Nigerian Exchange Limited and possibly other markets, subject to regulatory approvals. This initiative builds on FBN Holdings' earlier plans to raise NGN 300 B (USD 180 K) in April and an additional NGN 150 B (USD 90 K) via a rights issue announced on November 1. These capital raises aim to support the company’s growth strategy, enhance shareholder value, and strengthen its financial position. #FBNHoldings #FirstHoldco #Nigeria #CapitalRaise #Finance #NigerianExchange #BankingSector

ATTENTION EVERFUEL SHAREHOLDERS: Reference is made to the unregulated recommended voluntary cash offer to acquire all issued and outstanding shares in Everfuel A/S as defined in the Offer Document dated 2 September 2024 by Faro BidCo ApS at NOK 13 per share. Reference is further made to the stock exchange announcement published yesterday on 7 October 2024 regarding extension of the period where shareholders may accept the Offer that has been extended to 16:30 (Oslo time) on 21 October 2024. As of the expiry of the initial Offer Period at 16:30 on 7 October 2024, and subject to customary verification, the Offeror had received acceptances from shareholders in the Offer which when taken together with the Share Contribution represent approximately 88.2% of the issued and outstanding share capital and voting rights of the Company on a Fully Diluted basis. See press release: https://lnkd.in/d9sEhXP7 Shareholders who have not yet taken a decision regarding the Offer are encouraged to carefully read the press releases, Q&A the Board’s fairness opinion, the offer document and other important information here: https://lnkd.in/dUAybrE4 The offer is subject to certain regulatory restrictions and may not be available for shareholders in all jurisdictions.