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By using our website or by closing this message box, you agree to our use of browser capability checks, and to our use of cookies as described in our Cookie Policy. Domenic Carosa is an entrepreneur and businessperson who founded 5 companies, which include: Destra Corp.
Australian Dollar, Official Employment Data, Talking Points:
Pty Ltd. Presently, Mr. Carosa is Chairman of Banxa Holdings, Inc. He is also on the board of MyGuestlist Pty Ltd. Holdings Pty Ltd. Stocks: Real-time U. International stock quotes are delayed as per exchange requirements. Fundamental company data and analyst estimates provided by FactSet. All rights reserved. Source: FactSet. Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays.
Markets Diary: Data on U. Overview page represent trading in all U. See Closing Diaries table for 4 p. BTC has unrivalled physical distribution in stores throughout Australia with over 6, retail locations and is seeking to expand into new regions. The audited financial statements were prepared in accordance with Australian Auditing Standards.
Further Information. Trading in the Corporation Shares will remain halted until the QT has been completed, or until the Exchange receives the requisite documentation to resume trading. Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and if applicable pursuant to Exchange Requirements, majority of the minority shareholder approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained.
There can be no assurance that the transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.
For further information, contact:. Caution Regarding Forward-Looking Information. The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Forward looking statements in this news release include, but are not limited to, the closing of the QT and related transactions and the anticipated benefits of the QT, including the proposed business of the Corporation after completion of the QT and proposed use of funds under the related financings.
Because of these risks and uncertainties and as a result of a variety of factors, including with respect to the closing of the QT, the timing and receipt of all applicable regulatory, corporate, shareholder and third party approvals, the anticipated benefits from the QT and the satisfaction of other conditions to closing the QT, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements.
Although the Corporation believes that the expectations reflected in forward looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statement will prove to be correct. Except as required by law, the Corporation disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise. The latest bull rise in the market has caused a substantial increase in prices with several cryptocurrencies climbing in value.
Apart from the price, other factors such as market cap and hour market volumes have also taken a bullish tangent. Market volumes have usually been considered a key metric in judging the performance of a cryptocurrency. In the wake of this, several enthusiasts made it a point to clock the volumes during peak bullish hours. At the same time, Bitcoin's volume on the Australian exchange was 1. Ethereum came in third place with a total market volume of POWR had witnessed a Many members of the cryptocurrency community have come forth and commented on the volume spike because of it affects the trading markets.
The third-largest cryptocurrency in the market was set to act as a bridge currency to eliminate the need for pre-funding in cross border payments. She had said:. Our on-going priority is to look after the interests of our loyal customer base with continuous innovation and valued partnerships. My experience will drive our strategic direction, and ultimately our growth strategy for Australia and beyond.
I look forward to working with industry stakeholders as we continue our key role, leading Australia towards a digital economy. XRP, in general, has had a rollercoaster ride over the past few weeks. Australian Dollar Dips. The Australian Dollar lost a little ground Thursday as the unemployment rate ticked up in an official labor market report that was far from wholly gloomy. January's rate was 5.
Hoist Capital Corp. Announces Qualifying Transaction with BTC Corporation Holdings Pty Ltd.
However, full time employment grew by an impressive 46,, while part time jobs were down by 32, for an overall jobs gain of 13, That was ahead of market expectations, which looked for a 10, rise, and the overall participation rate was up as well. However, that rise in the overall unemployment rate is likely to weigh on thinking at the Reserve Bank of Australia. It hopes to see a decline to 4.
The previous month's data saw a big surge in job creation but all of it was accounted for by part-time rolls. Full time employment slipped, robbing the strong headline figure of some impact.
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January's data are almost a mirror image. The Reserve Bank of Australia is watching this series very closely , hoping that a tighter labor market will lead to stronger wage growth and consumption.
This is a key missing part of the inflation mosaic and a primary reason why prices remain relatively subdued. As a primary growth - correlated currency, the Australian Dollar has been hard hit this young new year by the general withdrawal from risk that has accompanied the spread of Wuhan-strain coronavirus out of China.
Australia faces economic drag via many channels, the most notable being its status as raw material supplier of choice to the Chinese economy. So far however the RBA has not taken any additional monetary policy action to try and shield Australia from this economic shock. It believes that rate cuts already made are sufficient at this point and is quite sanguine about the likely duration of the virus' economic effects.
BTC Corporation Holdings Pty Ltd - Company Information - Australia Check
Where applicable, the transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon.
Trading in the securities of a capital pool company should be considered highly speculative.
Arif Shivji, President Tel: arif. This press release contains 'forward-looking information' and 'forward-looking statements' collectively, ' forward-looking statements ' within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this press release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance often but not always using phrases such as 'expects', 'is expected' 'anticipates', 'plans', 'budget', 'scheduled', 'forecasts'.
In this press release, forward-looking statements relate, among other things, to: the QT and certain terms and conditions thereof and the ability of the parties to satisfy the conditions precedent to complete the QT; the business, objective, goals and future plans of BTC; completion of the Pre-Transaction Placement and the Concurrent Financing; the completion of the Consolidation, Continuation and Name Change; the appointment of new management and board of the Resulting Issuer; Exchange sponsorship requirements and intended application for exemption therefrom; shareholder, director and regulatory approvals; and future press releases and disclosure.
These statements are based upon assumptions that are subject to significant risks and uncertainties, including assumptions that all conditions to the closing of the QT will be satisfied, that the QT will be completed on the terms set forth in the Definitive Agreement, that BTC will be able to complete the Pre-Transaction Placement, that BTC will be able to complete the Concurrent Financing, that the Corporation will be able to complete the Consolidation, the Continuation and the Name Change, that the Corporation will be able to appoint the proposed new management and board of the Resulting Issuer and that the Corporation will be able to obtain shareholder, director and regulatory approvals as applicable.
Although the Corporation and BTC consider these assumptions to be reasonable based on information currently available to them, they may prove to be incorrect, and the forward looking statements in this press release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward looking statements. Such risk factors may include, among others, the risk that required approvals and the satisfaction of material conditions are not obtained in connection with the QT, the risk that the QT is not approved or completed on the terms set out in the Definitive Agreement or at all, the risk that BTC will not be able to complete the Pre-Transaction Financing, the risk that BTC will not be able to complete the Concurrent Financing, the risk that the Corporation will not be able to complete the Consolidation, the Continuation or the Name Change, the risk that the proposed new management and board of the Resulting Issuer cannot be appointed, and general business, economic, competitive, political and social uncertainties.
Although the Corporation and BTC believe that the expectations reflected in forward-looking statements are reasonable, they can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as required by law, the Corporation and BTC disclaim any intention and assume no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.
ISSN : Following Covid, British banks tell staff to continue work from home. Suspected jihadists attack villages in Niger, kill Post says Gov. The terms of the Concurrent Financing, including the nature of the securities, the issuance price, the finder's fees and any compensation warrants will be negotiated with the agents selected by BTC. Consolidation, Continuation and Name Change The Definitive Agreement provides that, immediately prior to closing of the QT, the Corporation will, subject to shareholder approval: complete a consolidation of the Hoist Shares on the basis of one post-consolidation Hoist Share for each 6.
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