STOCK TITAN

Queen`s Road Capital Investment Ltd - BRSGF STOCK NEWS

Welcome to our dedicated news page for Queen`s Road Capital Investment (Ticker: BRSGF), a resource for investors and traders seeking the latest updates and insights on Queen`s Road Capital Investment.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Queen`s Road Capital Investment's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Queen`s Road Capital Investment's position in the market.

Rhea-AI Summary
Queen's Road Capital Investment Ltd. (TSX: QRC) announces the completion of the sale of all shares by Wyloo Metals Pty Ltd. to non-Canadian investors, showing a shift in ownership. The company expresses gratitude to existing shareholders and welcomes new investors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
Queen's Road Capital Investment Ltd. (TSX: QRC) has announced that Wyloo Metals Pty Ltd. has entered into binding agreements with a group of non-Canadian investors to purchase 100% of the QRC shares owned by Wyloo. The sale will eliminate the significant overhang on QRC shares and is expected to close in the next two weeks.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
Queen's Road Capital Investment Ltd. (TSX: QRC) is investing US$30 million in a Gold Royalty convertible debenture with a 5-year term, carrying a 10.0% coupon, and convertible into Gold Royalty common shares at a 30% premium. The investment will fund Gold Royalty's acquisition of a 2.0% NSR on the Borborema gold project in Brazil and a royalty-convertible gold-linked loan to Aura Minerals Inc. The investment will increase QRC's convertible debenture portfolio to US$179 million, generating an average 9.2% coupon with record annual interest income of US$16.4 million, supporting future dividend payments to shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary
Queen's Road Capital Investment Ltd. (TSX: QRC) announces the approval of the continuation of its normal course issuer bid for a further 12 months. The Company intends to purchase up to 17,600,000 common shares, representing approximately 4% of its outstanding shares. The purchases will be made through the facilities of the TSX and alternative trading systems in Canada. The 2023 NCIB aims to repurchase shares when the market price may not fully reflect the underlying value of the Company's business and future prospects. The period for purchases will commence on November 22, 2023, and end on November 21, 2024, subject to market conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.83%
Tags
none
-
Rhea-AI Summary
Queen's Road Capital Investment Ltd. declares annual dividend of C$0.019/share, reflecting a one-year increase of 12% and a two-year increase of 27%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.59%
Tags
dividends
-
Rhea-AI Summary
Queen's Road Capital Investment Ltd. (TSX: QRC) will invest US$70,000,000 in a new NexGen convertible debenture. The interest is payable 6.0% in cash and 3.0% in shares. QRC will also sell 8,700,000 common shares for US$5.20 per share. This investment marks QRC's largest single investment to-date and the first exit of a significant investment. QRC's convertible debenture portfolio will reach US$149 million, generating over US$13 million in annual interest income.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Queen`s Road Capital Investment Ltd

OTC:BRSGF

BRSGF Rankings

BRSGF Stock Data

310.07M
200.01M
50.04%
0%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
Link
Canada
Vancouver