Updated hourlyHourly refreshFri, Oct 30, 2026
Finance · SaaS
TORONTO, ON - October 16, 2026 - Loyalist Exploration Limited (CSE:PNGC) (“Loyalist” or the “Company”) announces that it has terminated its previously announced non-brokered private placement (the “Offering”) and that no further tranches or closings of the Offering will be completed. As previously announced in the Company’s press release dated August 31, 2026, the Company closed the first tranche (the “First Tranche”) of the Offering, consisting of the sale of 25,000,000 common shares in the capital of the Company (“Common Shares”) at a price of $0.04 per Common Share for gross proceeds to the Company of $1,000,000. The First Tranche represents the final closing of the Offering. The Offering was originally announced in the Company’s press release dated August 10, 2026.
The Company is also pleased to announce the closing of a shares for debt transaction (the “Shares for Debt Transaction”), pursuant to which the Company settled an aggregate of $113,285.00 of outstanding indebtedness owing to certain creditors through the issuance of 2,832,125 Common Shares at a price of $0.04 per Common Share. All securities issued in connection with the Shares for Debt Transaction are subject to a hold period expiring four months and one day after the date of issuance.
Errol Farr, President and CEO of Loyalist, commented: “We are grateful for the support of our subscribers, which has enabled us to achieve our objective of funding the ongoing Tully PEA. With this capital in place, we continue to execute on our strategy of becoming the next gold producer in the Timmins camp by systematically advancing Tully toward a fully funded and permitted mining operation.”
The Shares for Debt Transaction included the settlement of an aggregate of $45,000 of indebtedness owing to Errol Farr, the President, Chief Executive Officer and a director of the Company and to Leonard Mackenzie, the Vice President of Exploration of the Company, through the issuance of an aggregate of 1,125,000 Common Shares. Messrs. Farr and Mackenzie are each a “related party” of the Company within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and, accordingly, the Shares for Debt Transaction is a “related party transaction” for the purposes of MI 61-101. The Company is relying on the exemptions from the formal valuation and minority approval requirements contained in section 5.5(a) and section 5.7(1)(a) of MI 61‑101, respectively, on the basis that neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the Shares for Debt Transaction, insofar as it involves Messrs. Farr and Mackenzie, exceeds 25% of the Company’s market capitalization.
The proceeds from the First Tranche will be used to complete ongoing NI 43-101 technical reports including a resource estimate and preliminary economic assessment on the Company’s Tully project and ongoing production permitting work at Tully, property payments and general working capital.
In connection with the First Tranche, the Company paid finder’s fees of $37,200 in cash to Haywood Securities Inc. (“Haywood”) and issued 930,000 non-transferable broker warrants to Haywood (the “Broker Warrants”). Each Broker Warrant entitles Haywood to acquire one Common Share at an exercise price of $0.075 per Common Share until August 31, 2028.
All of the securities issued in connection with the First Tranche are subject to a hold period expiring four months and one day after the date of issuance.
The securities offered have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration requirements. This release does not constitute an offer for sale of securities in the United States.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) have reviewed or accept responsibility for the adequacy or accuracy of this release.
About Loyalist Exploration Limited
Loyalist is a Canadian mineral exploration and development company focused on creating long-term shareholder value through the advancement of high-quality mineral projects in Timmins, Ontario. The Company’s flagship 100%-owned Tully Gold Project, located in the prolific Timmins Gold Camp of northeastern Ontario, is a growing underground gold project with significant exploration upside and excellent development potential. Supported by a high-confidence Indicated and Inferred Mineral Resource Estimate, favourable infrastructure, and a modern geological model, Tully provides a strong platform for continued development and expansion.
Loyalist's strategy is to systematically advance the Tully Gold Project to production while growing the deposit and continuing to evaluate opportunities to expand its portfolio of high-quality mineral assets.
The Company also looks forward to advancing exploration activities on its three other Timmins based projects – DeSantis, Gold Rush and Loveland.
The Company is committed to maintaining the highest standards of technical excellence and responsible development throughout all stages of project advancement.
For further information please visit the Company's website at www.loyalistexploration.com or contact:
Loyalist Exploration Limited
Errol Farr, President and CEO
Email: efarr@loyalistexploration.com
Tel: 647-296-1270
This news release contains “forward-looking statements” or “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as of the date of this news release. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as “expects”, “is expected”, “anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategy”, “goals”, “objectives”, “forecasts”, “budget”, “schedule”, “potential”, “possible” or variations thereof or stating that certain actions, events, conditions or results “may”, “could”, “would”, “should”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding: the timing and content of upcoming work programs; geological interpretations; timing of the Company’s exploration programs; and estimates of market conditions.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Certain important factors that could cause actual results, performance or achievements to differ materially from those in the forward-looking statements include, among others: general economic conditions in Canada and globally; industry conditions; governmental regulation of the mining industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in the mining industry; changes in tax laws and incentive programs relating to the mining industry. This list is not exhaustive of the factors that may affect the Company’s forward-looking statements. There may be other factors that could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein.
Forward-looking statements are necessarily based upon a number of factors and assumptions that, if untrue, could cause actual events or results to differ from those expressed or implied by forward-looking statements contained herein. Forward-looking statements are based upon a number of estimates and assumptions that, while considered reasonable by the Company at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies that may cause the Company’s actual financial results, performance, or achievements to be materially different from those expressed or implied herein. Some of the material factors or assumptions used to develop forward-looking statements include, without limitation: the future price of gold; anticipated costs and the Company’s ability to raise additional capital if and when necessary; volatility in the market price of the Company’s securities; future sales of the Company’s securities; the Company’s ability to carry on exploration and development activities; the success of exploration, development and operations activities; the timing and results of drilling programs; the discovery of mineral resources on the Company’s mineral properties; the costs of operating and exploration expenditures; the Company’s ability to identify, complete and successfully integrate acquisitions; the Company’s ability to operate in a safe, efficient and effective manner; health, safety and environmental risks; the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); uncertainties related to title to mineral properties; assessments by taxation authorities; fluctuations in general macroeconomic conditions.
The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Any forward-looking statements and the assumptions made with respect thereto are made as of the date of this news release and, accordingly, are subject to change after such date. The Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Oct 16 · 10:45·NewMediaWire
Finance · SaaS
CFA Institute (www.CFAInstitute.org) and the Financial Services Institute (FSi.Africa) announce a strategic collaboration to broaden access to internationally recognised investment education and support the development of Mauritius’ financial services workforce.
Initiated and led by CFA Society Mauritius, the collaboration brings together the educational expertise of CFA Institute and FSi.Africa’s capacity-building platform together with the Mauritius’ Society’s network of investment professionals. It reflects a shared commitment to strengthening professional competence, promoting ethical practice and creating more accessible opportunities for learning and career development.
CFA Institute, the global association of investment professionals, is recognised for its rigorous educational standards and commitment to ethics and professional excellence. Its worldwide community includes more than 200,000 CFA® charterholders, with a presence across leading banks, asset managers, and investment institutions. Its flagship credential, the Chartered Financial Analyst® (CFA®) designation, is internationally recognised as the leading credential for investment analysis and portfolio management. CFA Institute also offers specialised certificates that provide additional opportunities to develop knowledge and practical skills in specific areas of finance and investing.
Three CFA Institute representatives travelled to Mauritius for the signing ceremony: Nerina Visser, CFA, Vice-Chair of the CFA Institute Presidents Council; Kasia Marianiuk, Director, Strategic Partnerships, EMEA-Africa; and Kingston Nwosu, Manager, Partnerships & Client Solutions, EMEA.
FSi.Africa supports the development of financial services talent in Mauritius and across Africa through specialised training and professional development. Its Capability Framework is structured around ten capability clusters and twenty-four professional pathways, aligning learning with industry needs and supporting progression from foundational knowledge to advanced expertise. The partnership complements this framework by expanding access to CFA Institute certificates, particularly in capital markets and investing.
The offering spans introductory and specialised programmes offered by CFA Institute. The Investment Foundations Certificate (https://apo-opa.co/4s6hwUS) provides a grounding in financial markets, investment instruments, and ethical principles. The Private Markets and Alternative Investments Certificate (https://apo-opa.co/4hMiMZY) explores private equity, private debt, real estate, and infrastructure. For those seeking deeper expertise, the Private Equity Certificate (https://apo-opa.co/4yXnom4) develops practical skills in financial modelling, valuation and deal assessment, including leveraged buyouts and value creation strategies. The Advanced Private Equity Certificate (https://apo-opa.co/4s78jMf) builds on these skills through advanced financial modelling, due diligence, debt valuation, and partnership governance, incorporating the perspectives of both fund managers and investors.
The Sustainable Investing Certificate (https://apo-opa.co/4B4s3nD) focuses on integrating environmental, social and governance factors into investment decisions, while the Climate Risk, Valuation, and Investing Certificate (https://apo-opa.co/47j7oyH) develops the skills to assess climate-related risks and their implications for asset valuations and portfolios.
The partnership will make participating in the introductory and specialised programmes from CFA Institute more accessible, helping individuals and employers invest in continued learning and professional development.
Rajeev Hasnah, First Deputy Governor, Bank of Mauritius, remarks:
“The success of any International Financial Centre is not determined solely by its regulatory framework, infrastructure, or technology. A highly skilled, competent, and ethical workforce is the foundation upon which a sustainable and globally competitive financial centre is built. In this regard, the role of CFA Institute is particularly important. Its commitment to professional standards, ethics, and continuous learning contributes significantly to strengthening the capabilities of finance professionals around the world. As our financial sector evolves and becomes increasingly sophisticated, the demand for specialised expertise in investment management, risk management, sustainable finance, fintech, and regulatory compliance continues to grow. Regulatory authorities like the Bank of Mauritius or the Financial Services Commission play a critical role in this journey. Beyond safeguarding financial stability and market integrity, they are key partners in fostering an environment that encourages professional development, lifelong learning, and the adoption of international best practices.”
Nitin Ramphul, Chief Executive Officer of FSi.Africa, said:
“This collaboration with CFA Institute and CFA Society Mauritius marks an important milestone for FSi.Africa. By expanding access to six internationally recognised programmes, we are creating more opportunities for individuals to build expertise, enhance their employability and advance their careers. Aligned with our FSi Capability Framework, these programmes will help strengthen the skills needed to support the continued development and competitiveness of Mauritius’ financial services sector. This collaboration also supports our broader commitment to promoting financial literacy, particularly among young people, and equipping individuals to make informed financial decisions.”
Chandradev (Sunju) Naregadu, CFA, President of CFA Society Mauritius, commented:
“CFA Society Mauritius initiated this collaboration with a clear vision: to make high-quality, internationally recognised investment education more accessible and equip more Mauritians with the knowledge and ethical standards to pursue opportunities in financial services. By bringing CFA Institute and FSi.Africa together, we are translating that vision into a practical pathway for learning and professional growth. This partnership also reflects our commitment to contributing meaningfully to the development of Mauritius as an International Financial Centre.”
Tricia Rothschild, CFA, Interim President and Chief Executive Officer of CFA Institute, said:
“Working together with FSi.Africa and CFA Society Mauritius, we can make practical, high-quality financial education more accessible to professionals in Mauritius and support people as they build skills throughout their careers. This is exactly the kind of collaboration we value: one that combines our respective strengths to help develop talent, strengthen professional standards, and support the continued growth of the investment profession.”
Kasia Marianiuk, Strategic Partnerships & Business Development, EMEA-Africa, said:
“It is a privilege to be in Mauritius to mark this agreement in person alongside colleagues from FSi.Africa and CFA Society Mauritius, who have worked closely to make it possible. Today’s signing formalises our shared commitment to building professional expertise. I am grateful for the warm welcome and pleased to be here to recognise this important milestone. I am looking forward to the opportunities our collaboration will create.”
The collaboration supports the shared ambitions of FSi.Africa and CFA Institute to strengthen Mauritius’s financial services talent pipeline, encourage continuous professional development and embed ethical standards from the earliest stages of a career.
Information on participating certificates, preferential pricing, and registration arrangements will be announced soon.
Distributed by APO Group on behalf of CFA Institute.
About FSi.Africa:
About CFA Society Mauritius:
About CFA Institute:
As the global association of investment professionals, CFA Institute sets the standard for professional excellence and credentials. We champion ethical behavior in investment markets and serve as the leading source of learning and research for the investment industry. We believe in fostering an environment where investors’ interests come first, markets function at their best, and economies grow. With more than 200,000 charterholders worldwide across 160 markets, CFA Institute has 8 offices and 157 local societies. Find us at www.CFAInstitute.org or follow us on LinkedIn (https://apo-opa.co/3TVMR04) and subscribe on YouTube (https://apo-opa.co/47jIAXp).
Oct 16 · 10:35·APO Group
Finance · Healthcare
Hong Kong/Jakarta, Oct 16, 2026 - Black Spade is pleased to announce its role alongside Kingsmen Xperience in bringing Netflix’s Squid Game: The Experience to Indonesia with local operator SideQuest Worlds, part of PT Vista Adhya Paragon, bringing expertise in media and immersive entertainment.
Opening on 16 October 2026 at Agora Mall in Jakarta’s Thamrin Nine complex, home to Indonesia’s tallest building, it is the first Squid Game: The Experience in Southeast Asia, bringing the acclaimed series to life through immersive environments and interactive challenges.
Spanning more than 1,900 square metres, the Jakarta attraction features games inspired by the series, themed environments, photo zones and food and beverage offerings. Following editions in New York, Madrid, Seoul, London, Sydney and Tokyo, it brings the global entertainment experience to Indonesian audiences and visitors from across the region.
Photo Caption:
From the left: Jonny Moran (Netflix), Corey Redmond (Kingsmen), project representative, Hardie Widarma (SideQuest Worlds), Andrew Chin (SideQuest Worlds), and Dennis Tam (President and CEO of Black Spade)
About Black Spade Capital Limited
Black Spade Capital Limited is an established family office that manages the private investments of Mr. Lawrence Ho. Headquartered in Hong Kong, its global portfolio consists of a wide spectrum of cross-border investments as it consistently seeks to add new projects and opportunities to its investment mix. Black Spade’s investment strategy maximizes coverage of geographic regions and sectors whilst maintaining a portfolio of diversified asset classes, ranging from equity, fixed income, medical technology, leisure and culture, green energy, real estate to Pre-IPO investments. In August 2023, Black Spade Acquisition Co, a blank check company (SPAC) sponsored by Black Spade, completed a US$23 billion business combination with VinFast Auto Ltd. The second SPAC of Black Spade, Black Spade Acquisition II Co, completed a business combination with global media and entertainment powerhouse The Generation Essentials Group in about 9 months’ time in June 2025. Its third SPAC, Black Spade Acquisition III Co in August 2026, announced the signing of a business combination agreement with Astrum Space Inc, a satellite communications company developing a wholesale satellite-to-device (“S2D”) broadcast and data-distribution network.
Media Enquiries:
Strategic Financial Relations Limited
Vicky Lee
Tel: +852 2864 4834
Email: vicky.lee@sprg.com.hk
Iris Au Yeung
Tel: +852 2114 4913
Email: iris.auyeung@sprg.com.hk
Website: www.sprg.com.hk
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Real estate
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Finance · Real estate
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Real estate
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Finance · Real estate
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SaaS · Real estate
HUD Mortgagee Letter 2026-12 opens the 221(d)(4) and 223(f) programs to communities of detached single-family homes, duplexes, and triplexes NEW YORK, Oct. 15, 2026 -- Bravo Capital, a leading privately held commercial real estate financing platform, today announced that it...
Oct 15 · 21:08·PR Newswire
Real estate
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