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Distinction Energy Corp. (formerly named Delphi Energy Corp.) announces amendment and exercise of warrants issued to Kiwetinohk Resources Corp. and related amendments to Investor Agreement and Management Services Agreement

/EIN News/ CALGARY, Alberta, Jan. 15, 2021 (GLOBE NEWSWIRE)
Distinction Energy Corp. (formerly named Delphi Energy Corp.) (“
Distinction” or the “
Company”) announces that, effective January 15, 2021, the warrant certificate representing 3,348,799 class A common share purchase warrants of the Company (the “
Warrants”) issued to Kiwetinohk Resources Corp. (“
KRC”) was amended and restated to, among other things, facilitate an early exercise of the Warrants, which KRC exercised on January 15, 2021 at an aggregate exercise price of $40 million. As a result of the exercise, KRC acquired 3,348,799 class A common shares in the capital of the Company (“
Common Shares”), resulting in KRC owning 4,870,980 Common Shares, representing 50% plus 1 of the issued and outstanding Common Shares on a fully diluted basis (excluding Common Shares issuable upon exercise of the existing stock options of the Company (“ ....

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What is a differential and how does it work? – Driving.ca

An open end
The simplest and most common unit is the open differential, called that because the wheels can always turn independently of each other. Its main drawback is that if one wheel doesn’t have traction, such as if it hits ice, it still gets lots of power. It spins helplessly, and you go nowhere.
To help with traction loss while you’re driving, all new vehicles must be equipped with traction and electronic stability control. These use sensors from the anti-lock brakes to determine if one wheel is turning faster. It then reduces engine power, or brakes the spinning wheel, or both, to get things under control. ....

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Jaguar Daimler Heritage Trust

1963 Peter Linder
Peter Lindner, born on 16 March 1930 in Düsseldorf, was a German importer and distributor for both Aston Martin and Jaguar, as well as a successful racing driver.
In 1957 Lindner met with Sir William Lyons who was clearly impressed and he was appointed official Jaguar importer for the Bundesrepublik Deutschland. Most of the early sales went to British or American servicemen stationed in Germany, but Lindner also managed to convince some German customers to switch allegiance from Mercedes and other German marques.
An enthusiastic driver, he would think nothing of rushing to an airport to close a sale or meeting clients at weekends and he campaigned his British racing green 3.4 Mark I regularly on the circuits. ....

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