NEC announces plans for transition to a Company with a Nominating Committee, etc. and implementation of organizational reforms JCN Newswire

NEC announces plans for transition to a Company with a Nominating Committee, etc. and implementation of organizational reforms

January 30, 2023
TOKYO, Jan 30, 2023 - (JCN Newswire via SEAPRWire.com) - NEC Corporation (NEC; TSE: 6701) today announced that a decision to transition its structure from a Company with the Audit and Supervisory Board to a Company with a Nominating Committee, etc. was made at the meeting of the Board of Directors held on January 30, 2023. This decision is subject to approval at the Ordinary General Meeting of Shareholders scheduled to be convened in June 2023. The Board of Directors also decided to begin implementing organizational reforms prior to this transition, effective April 1, 2023, with the aim of establishing a business structure based on the strategic pillars of the Mid-term Management Plan 2025. Under its Purpose-driven management, NEC is promoting initiatives that combine strategy and culture in order to achieve the Mid-term Management Plan 2025 as a milestone toward the realization of the NEC 2030VISION. In this globally intensifying competitive environment, through the reform of organizations, management, people and culture, which are the foundations that support NEC's culture, NEC aims to further strengthen corporate governance and boost management speed to accelerate the growth of its global business pillars, thereby helping to achieve the Mid-term Management Plan 2025 and to increase NEC's medium- to long-term corporate value as a global technology company.1. Transition to a Company with a Nominating Committee, etc.(1) Transition objectives and overviewNEC will separate the oversight function from execution by management in order to strengthen the oversight function of the Board of Directors. The Board of Directors is responsible for overseeing the execution of duties by executive officers as well as guiding the direction of management through deliberation of important matters related to NEC's basic management policy. In addition, the majority of the Board of Directors shall be comprised of independent outside directors (5 inside directors, 7 outside directors), and the Nominating Committee, Compensation Committee, and Audit Committee shall each be chaired by an independent outside director to promote the transparency and objectivity of management. By delegating substantial authority to executive officers with respect to business execution, NEC will accelerate timely decision-making and implementation. In line with this, in addition to strengthening the internal audit function and establishing the position of Chief Risk Officer (CRO), by reorganizing the executive meeting bodies centered on the Executive Committee, NEC will conduct swift business operations while overseeing the risks surrounding NEC.(2) Timing of transitionPlans are slated for NEC to make its transition to a Company with a Nominating Committee, etc. once the necessary amendments to the Articles of Incorporation, etc. have been approved at the 185th Ordinary General Meeting of Shareholders of NEC scheduled to be convened in June 2023.2. Organizational reforms(1) Clarifying the organizations driving growth business in the Mid-term Management Plan 2025NEC will establish an organizational structure that allows it to concentrate on the execution of strategies for growth businesses in the Mid-term Management Plan 2025, and accelerate the execution of these strategies. Specifically, the Digital Government/Digital Finance Business will become a newly established DGDF Business Unit. In addition, NEC will integrate the business for domestic and international telecommunications carriers, including the Global 5G Business, into the "Telecom Service Business Unit," which will be newly established from renaming the "Network Service Business Unit." Moreover, NEC will unify the organizations responsible for the Healthcare and Life Science-related Businesses, such as AI Drug discovery and solutions for medical institutions, and work to expand this business, which is positioned to become one of the next pillars of growth.(2) Unify product and service functions to accelerate DX businessThe Digital Platform Business Unit will be newly established to centralize the planning, development, and provision of products and services necessary for DX business development across the NEC Group. NEC will promote the standardization of common functions and assets from a global perspective, as well as expand and strengthen its end-to-end DX offerings by leveraging all of its strengths from strategic consulting to platform (NEC Digital Platform) and delivery. By providing these offerings in combination with its know-how for each industry, NEC will contribute to resolving management agenda-related issues for customers and expanding the DX business.(3) Strengthen the support of government digitalization and national security areasNEC will implement organizational reform from the market and business model perspective. Specifically, NEC will create a new Public Business Unit, which will be responsible for projects targeting central ministries and local governments, and build a system that can centrally support the digitalization of government in Japan. In addition, NEC will newly establish the Aerospace and National Security Business Unit, which will be placed in charge of the aerospace and defense business as an organization that supports the national security field.About NEC CorporationNEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of "Orchestrating a brighter world." NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC at www.nec.com. Copyright 2023 JCN Newswire. All rights reserved. (via SEAPRWire)
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Palladium One Announces Increase in Brokered Private Placement Financing from C$3 million to C$4.2 million ACN Newswire

Palladium One Announces Increase in Brokered Private Placement Financing from C$3 million to C$4.2 million

December 3, 2022
TORONTO, ON, Dec 3, 2022 - (ACN Newswire via SEAPRWire.com) - Palladium One Mining Inc. (TSXV: PDM) (OTCQB: NKORF) (FSE: 7N11) (the "Company" or "Palladium One") is pleased to announce that it has increased the previously announced brokered private placement from $3 million to $4.2 million.The Company will issue up to 21,000,000 units on a charity flow-through basis (the "Charity FT Units") at a price of $0.20 per Charity FT Unit (the "Charity FT Issue Price") for gross proceeds of up to $4,200,000 ("Offering"). Each Charity FT Unit will consist of one common share of the Company (each, a "Charity FT Share") and one-half of one common share purchase warrant of the Company (each whole common share purchase warrant, a "Charity FT Warrant"), and each Charity FT Share and Charity FT Warrant will be issued as a "flow-through share" within the meaning of the Income Tax Act (Canada). Each Charity FT Warrant will entitle the holder thereof to purchase one non flow-through Common Share (a "Warrant Share") at an exercise price of $0.20 for a period of 36 months from the date of issuance thereof. The Charity FT Units will be offered for sale to purchasers in all the provinces and territories of Canada (other than Quebec) in reliance on the listed issuer financing exemption available in Part 5A.2 National Instrument 45-106 - Prospectus Exemptions ("NI 45-106") and will not be subject to any statutory hold periods.The Offering will be led by Echelon Capital Markets ("Echelon", the "Lead Agent") and along with Sprott Capital Partners LP and Research Capital Corporation (collectively "Agents"). As compensation, the Agents will be entitled to a cash fee in an amount equal to 6% of the gross proceeds from the Offering. In addition, the Agents will receive non-transferable warrants (the "Broker Warrants") exercisable at any time prior to the date that is 24 months from the Closing Date to acquire that number of units (each comprised of one common share and one-half of one warrant with an exercise price of $0.20 for a period of 36 months) which is equal to 6.0% of the number of Charity FT Units sold under the Offering at an exercise price equal to $0.14.In addition, the Company's non-brokered flow-through unit financing ("FT Units") to be issued at unit price ("FT Unit Price") remains unchanged.There is an offering document related to the Offering that can be accessed under the Company's profile at www.sedar.com and on the Company's website at www.palladiumoneinc.com. Prospective investors should read this offering document before making an investment decision.An amount equal to the gross proceeds from the issuance of the FT Units and Charity FT Units will be used to incur, on the Company's Canadian mineral exploration properties, Canadian exploration expenses that will qualify as "flow-through mining expenditures", as defined in subsection 127(9) of the Income Tax Act (Canada) and that will also qualify as "eligible Ontario exploration expenditures" within the meaning of subsection 103(4) of the Taxation Act, 2007 (Ontario) (collectively, the "Qualifying Expenditures"). The Qualifying Expenditures will be incurred on or before December 31, 2023 and will be renounced by the Corporation to the subscribers with an effective date no later than December 31, 2022 to the initial purchasers of the FT Units and Charity FT Units in an aggregate amount not less than the gross proceeds raised from the issue of the FT Units and Charity FT Units. In the event that the Corporation is unable to renounce the FT Issue Price and Charity FT Issue Price on or prior to December 31, 2022 for each FT Unit and Charity FT Unit purchased and/or if the Qualifying Expenditures are reduced by the Canada Revenue Agency, the Corporation will as sole recourse for such failure to renounce, indemnify each FT Unit and Charity FT Unit subscriber for the additional taxes payable by such subscriber to the extent permitted by the Income Tax Act (Canada) as a result of the Corporation's failure to renounce the Qualifying Expenditures as agreed.The Offering and the Non-Brokered Offering are expected to close on or about December 20, 2022, or such other date or dates as the Company and the Lead Underwriter may agree (the "Closing Date") and are subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and the applicable securities regulatory authorities.This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.About Palladium OnePalladium One Mining Inc. (TSXV: PDM) is focused on discovering environmentally and socially conscious Metals for Green Transportation. A Canadian mineral exploration and development company, Palladium One is targeting district scale, platinum-group-element (PGE)-copper-nickel deposits in Canada and Finland. The Lantinen Koillismaa (LK) Project in north-central Finland, is a PGE-copper-nickel project that has existing NI43-101 Mineral Resources, while both the Tyko and Canalask high-grade nickel-copper projects are located in Ontario and the Yukon, Canada, respectively. Follow Palladium One on LinkedIn, Twitter, and at www.palladiumoneinc.com.ON BEHALF OF THE BOARD"Derrick Weyrauch"President & CEO, DirectorFor further information contact:Derrick Weyrauch, President & CEOEmail: info@palladiumoneinc.comNOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This press release is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of Palladium One Mining Inc. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.Information set forth in this press release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company's expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. These forward-looking statements include, but are not limited to, statements relating to the timing and completion of the Offering, the satisfaction and timing of the receipt of required stock exchange‎approvals and other conditions to closing of the Offering and the intended use of the proceeds of the Offering. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in palladium and other commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and tax consequences to Canadian and U.S. Shareholders. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.Not for distribution to United States newswire services or for dissemination in the United States Copyright 2022 ACN Newswire. 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Palladium One Announces C$4.0 million Private Placement Financing ACN Newswire

Palladium One Announces C$4.0 million Private Placement Financing

December 1, 2022
TORONTO, ON, Dec 1, 2022 - (ACN Newswire via SEAPRWire.com) - Palladium One Mining Inc. (TSXV: PDM) (OTCQB: NKORF) (FSE: 7N11) (the "Company" or "Palladium One") is pleased to announce a brokered private placement of up to 15,000,000 units of the Company issued on a charity flow-through basis (the "Charity FT Units") at a price of $0.20 per Charity FT Unit (the "Charity FT Issue Price") for gross proceeds of up to $3,000,000 ("Offering"). Each Charity FT Unit will consist of one common share of the Company to be issued as a "flow-through share" within the meaning of the Income Tax Act (Canada) (each, a "Charity FT Share") and one-half of one common share purchase warrant of the Company (each whole common share purchase warrant, a "Charity FT Warrant") each to be issued as a "flow-through share" within the meaning of the Income Tax Act (Canada). Each Charity FT Warrant will entitle the holder thereof to purchase one non flow-through Common Share (a "Warrant Share") at an exercise price of $0.20 for a period of 36 months from the date of issuance thereof. The Charity FT Units will be offered for sale to purchasers in all the provinces and territories of Canada (other than Quebec) in reliance on the listed issuer financing exemption available in Part 5A National Instrument 45-106 - Prospectus Exemptions ("NI 45-106") and will not be subject to any statutory hold periods.In connection with the Offering, the Company has entered into an agreement with Echelon Capital Markets ("Echelon"), on its own behalf and, if applicable, on behalf of a syndicate of agents (collectively the "Agents"). As compensation, the Agents will be entitled to a cash fee in an amount equal to 6% of the gross proceeds from the Offering. In addition, the Agents will receive non-transferable warrants (the "Broker Warrants") exercisable at any time prior to the date that is 24 months from the Closing Date to acquire that number of Common Shares which is equal to 6.0% of the number of Charity FT Units sold under the Offering at an exercise price equal to $0.14. In addition, the Company shall grant the Agents an over-allotment option (the "Over-Allotment Option"), exercisable in whole or in at any time up to 48 hours prior to the closing date of the Offering, to purchase up to an additional number of Charity FT Units as is equal to 15% of the number of the Charity FT Units issued under the Offering, on the same terms as set forth above, to cover over-allotments, if any, and for market stabilization purposes.In addition, the Company will issue up to 6,666,667 units of the Company on a flow-through basis (the "FT Units") at a price of $0.15 per FT Unit (the "FT Issue Price") for gross proceeds of up to $1,000,000 issued on a non-brokered basis ("Non-Brokered Offering"). Each FT Unit will consist of one common share of the Company to be issued as a "flow-through share" within the meaning of the Income Tax Act (Canada) (each, a "FT Share") and one-half of one common share purchase warrant of the Company (each whole common share purchase warrant, a "FT Warrant") each to be issued as a "flow-through share" within the meaning of the Income Tax Act (Canada). Each FT Warrant will entitle the holder thereof to purchase Warrant Share at an exercise price of $0.20 for a period of 24 months from the date of issuance thereof. All securities issued or issuable under the Non-Brokered Offering will be subject to a statutory hold period lasting four months and one day following the closing of the Non-Brokered Offering.No fees will be paid in connection with the Non-Brokered Offering.There is an offering document related to the Offering that can be accessed under the Company's profile at www.sedar.com and on the Company's website at www.palladiumoneinc.com. Prospective investors should read this offering document before making an investment decision.An amount equal to the gross proceeds from the issuance of the FT Units and Charity FT Units will be used to incur, on the Company's Canadian mineral exploration properties, Canadian exploration expenses that will qualify as "flow-through mining expenditures", as defined in subsection 127(9) of the Income Tax Act (Canada) and that will also qualify as "eligible Ontario exploration expenditures" within the meaning of subsection 103(4) of the Taxation Act, 2007 (Ontario) (collectively, the "Qualifying Expenditures"). The Qualifying Expenditures will be incurred on or before December 31, 2023 and will be renounced by the Corporation to the subscribers with an effective date no later than December 31, 2022 to the initial purchasers of the FT Units and Charity FT Units in an aggregate amount not less than the gross proceeds raised from the issue of the FT Units and Charity FT Units. In the event that the Corporation is unable to renounce the FT Issue Price and Charity FT Issue Price on or prior to December 31, 2022 for each FT Unit and Charity FT Unit purchased and/or if the Qualifying Expenditures are reduced by the Canada Revenue Agency, the Corporation will as sole recourse for such failure to renounce, indemnify each FT Unit and Charity FT Unit subscriber for the additional taxes payable by such subscriber to the extent permitted by the Income Tax Act (Canada) as a result of the Corporation's failure to renounce the Qualifying Expenditures as agreed.The Offering and the Non-Brokered Offering are expected to close on or about December 20, 2022 or such other date or dates as the Company and the Lead Underwriter may agree (the "Closing Date") and are subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange and the applicable securities regulatory authorities.This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.About Palladium OnePalladium One Mining Inc. (TSXV: PDM) is focused on discovering environmentally and socially conscious Metals for Green Transportation. A Canadian mineral exploration and development company, Palladium One is targeting district scale, platinum-group-element (PGE)-copper-nickel deposits in Canada and Finland. The Lantinen Koillismaa (LK) Project in north-central Finland, is a PGE-copper-nickel project that has existing NI43-101 Mineral Resources, while both the Tyko and Canalask high-grade nickel-copper projects are located in Ontario and the Yukon, Canada, respectively. Follow Palladium One on LinkedIn, Twitter, and at www.palladiumoneinc.com.ON BEHALF OF THE BOARD"Derrick Weyrauch"President & CEO, DirectorFor further information contact:Derrick Weyrauch, President & CEOEmail: info@palladiumoneinc.comNOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.This press release is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of Palladium One Mining Inc. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.Information set forth in this press release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company's expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. These forward-looking statements include, but are not limited to, statements relating to the timing ‎and ‎completion of the Offering, the satisfaction and timing of the receipt of required stock ‎exchange ‎approvals and other conditions to closing of the Offering and the intended use of the ‎ proceeds of the ‎ Offering. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in palladium and other commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and tax consequences to Canadian and U.S. Shareholders. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.Not for distribution to United States newswire services or for dissemination in the United States Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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