Global games investment platform BITKRAFT Ventures has unveiled its latest endeavor with the filing of BITKRAFT Venture Fund 3, a $275 million fund aimed at fueling early-stage investments in gaming and interactive media companies. This fund, succeeding the two early-stage equity venture funds, is poised to continue its support for studios, platforms, and technology globally within the gaming and interactive media sphere, focusing on Seed and Series A stages. The anticipated closure of this milestone initiative will escalate BITKRAFT Ventures’ total assets under management to surpass $1 billion. Rooted in its vision of synthetic reality, BITKRAFT underscores the transformative potential…
Author: BusinessNewsCanada
Indigo Books & Music Inc., Canada’s top book and lifestyle retailer, announced Monday it has reached a definitive agreement with Trilogy Investments L.P. and Trilogy Retail Holdings Inc., controlled by board member Gerald W. Schwartz, to be acquired for $2.50 per share in cash. This deal marks a significant premium over Indigo’s recent stock prices, offering shareholders a 69% increase over the February 1 closing price and a 56% premium over the 20-day volume weighted average price. The transaction, valued based on the unanimous recommendation of an independent board committee, aims to provide immediate and certain cash value to Indigo’s…
Singapore, March 4, 2024 – Olam Agri, a global leader in the agribusiness sector, specializing in food, feed, and fibre, has announced the completion of its acquisition of Avisen SARL, Senegal’s second-largest poultry feed supplier, for EUR 17.0 million. This strategic move marks a significant expansion of Olam Agri’s animal feed and protein operations into West Africa, reinforcing its commitment to strengthening its footprint in the region. The acquisition, which secures Olam Agri 100% ownership of Avisen, is a part of its broader strategy to bolster its animal feed capabilities and invest in businesses with strong market positions. Avisen, known…
In a significant move that could reshape higher education in Ontario, the provincial government led by Premier Doug Ford has announced forthcoming changes to the governance and operations of universities and colleges across the province. While specific details of the changes have not been fully disclosed, the announcement has sparked a mix of anticipation and concern among students, educators, and administrators. The Ontario government’s decision aims to address various challenges facing higher education, including funding models, accessibility, and the alignment of academic programs with the evolving needs of the job market. The government has emphasized its commitment to enhancing the…
Parts of Canada are on alert as meteorologists forecast significant winter storms that could blanket regions with up to 25 centimeters (approximately 10 inches) of snow. The incoming weather system, expected to impact several provinces, contrasts with the warmer-than-normal temperatures experienced in other areas of the country. Authorities are urging residents to prepare for potentially disruptive weather conditions, which are anticipated to begin affecting parts of Canada starting this week. The heavy snowfall could lead to challenging travel conditions, including road closures and delays in public transportation. Meteorological experts advise those in the affected regions to stay informed about the…
New Wave Holdings Corp. (CSE:SPOR, FWB: 0XMB, OTCPK: TRMNK), an investment issuer with a focus on the esports, NFT, Metaverse, Blockchain, and Web3 sectors, announced that it has successfully finalized the acquisition of a 50% interest in Longevity AI Inc. a Delaware-based firm specializing in artificial intelligence for healthcare outcomes. This strategic move, initially disclosed on November 23, 2023, follows the Share Exchange Agreement dated November 21, 2023, and subsequently amended on February 8, 2024. The transaction involved New Wave issuing 12,000,003 common shares to the shareholders of Longevity, valued at $0.05 per share, with no hold periods under the…
GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS), a dynamic Canadian junior metals exploration company, today announced the grant of incentive stock options as part of its employee and consultant compensation plan. In line with the company’s Incentive Stock Option Plan, GoldHaven has awarded stock options to purchase up to 1,810,000 common shares to selected directors, officers, and consultants. These stock options are set at an exercise price of CAD 0.09 per share and are exercisable until February 20, 2029, providing recipients with a long-term stake in the company’s success. This move reflects GoldHaven’s commitment to aligning the interests…
EnviroGold Global Limited (CSE: NVRO | OTCQB: ESGLF | FSE: YGK), a pioneering clean technology firm focused on advancing the circular-resource economy, has officially announced the appointment of Malcolm Smith as its Chief Executive Officer and a Member of the Board of Directors, effective from February 20th, 2024. This strategic move aims to leverage Mr. Smith’s extensive experience in business development and capital markets to drive the company towards the commercialization of its innovative environmental, social, and governance (ESG) technology. Mr. Smith, with over twenty-five years in executive roles, is tasked with transforming mining waste into a profitable and responsible…
Toggle3D.ai, a trailblazer in leveraging generative AI for 3D modeling, has announced an ambitious initiative to launch a suite of GPT AI 3D product solutions, utilizing proprietary AI algorithms. This initiative is spearheaded by Hareesh Achi, a former Microsoft executive with a rich background in tech leadership, currently serving as the Head of Product Operations for Toggle3D.ai and its parent company, Nextech3D.ai. This announcement follows closely on the heels of a press release by Nextech3D.ai, revealing its foray into the next generation of GPT AI 3D product solutions. The core of these innovative AI algorithms resides within the Toggle3D platform,…
Tsangs Group, an innovation-focused global family office that bridges East and West, and Finngram, a blockchain technology-based, decentralised investment platform from Seoul, South Korea, have signed a collaboration agreement to jointly expand their business globally, to share resources of information and mutually open doors to new investments. Tsangs Group will invest and introduce selected South Korean companies to markets globally for business establishment and expansion. Similarly, Finngram will help select Hong Kong and China companies to market in South Korea for business establishment and expansion. “We are delighted to invest more in Korea and partner with Finngram to pave the…