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Editorial: LU insolvency rumours give university bad rep


Lambda
Social
February 13, 2021

Posted in Opinion
by Lexey Burns, Editor-in-Chief
Can we just agree that Canadian Party Life is not a news source? 
Canadian Party Life (CPL) is an Instagram page that features videos of university students from across the country doing dumb stuff (mainly while intoxicated). 
So of course when they posted a screenshotted tweet saying “Laurentian University files for bankruptcy & owes three Canadian banks $91 million” they just went with it.
They took this information from Financial Post’s article “RBC, TD, BMO snared in Laurentian University bankruptcy.” 
Laurentian filed for creditor protection but what does that really mean? ....

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International Lithium Corp.: International Lithium Announces Close of Private Placement and Loan Restructure


International Lithium Corp.: International Lithium Announces Close of Private Placement and Loan Restructure
Company or
Private Placement ) of units (
Units ) announced on January 6, 2021, for proceeds of $185,788. On closing, the Company issued 3,715,750 Units. Each Unit is comprised of one common share and one-half of a share purchase warrant (each whole warrant being a
Warrant ), with each Warrant exercisable into one common share until December 31, 2023 at an exercise price of $0.075 per common share.
The proceeds of the private placement will be used for general and administrative expenses, and working capital. All private placement securities will be restricted from trading for a period of four months plus one day from closing. ....

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Bergman shares new update on PPP reopening and guidance | News, Sports, Jobs


The Paycheck Protection Program (PPP) continues to reopen in a sequential fashion.
This past Monday, Jan. 11, the PPP reopened for small businesses and other newly eligible entities that did not receive a PPP loan during the first round of the program this summer. The Small Business Administration (SBA) and the Department of the Treasury reserved the Monday opening for Community Financial Institutions (CFIs) to submit PPP loan applications.
Wednesday, Jan. 13, the PPP reopened for eligible small businesses and entities interested in receiving a second PPP loan. The SBA and the Department of the Treasury again reserved this opening period for CFIs to submit applications. ....

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International Lithium Corp.: International Lithium Announces Loan Restructure and Private Placement


International Lithium Corp.: International Lithium Announces Loan Restructure and Private Placement
Company or
ILC ) announces that it intends to restructure its indebtness, whereby the Company will issue to certain insiders and other private investors of the Company (
Lenders ) an aggregate of 60,355,000 bonus share purchase warrants (the
Bonus Warrants ) of the Company in consideration of debentures with a total principal value of CDN $3,017,750 being substituted with non-convertible debt from the Lenders to the Company (the
Loans ). The Loans will bear interest of 12.5% per annum, payable semi-annually and will mature on either June 30, 2022 or September 30, 2023, as elected by the Lenders.
Each Bonus Warrant will entitle the holder to purchase one common share of the Company at an exercise price of CDN $0.05 per share. The Bonus Warrants will be subject to a trading hold period expiring four months from the date of issue, under applicable secur ....

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