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South Korea’s parliament impeached Acting President Han Duck-soo, dealing another blow to a government already reeling after President Yoon Suk Yeol’s suspension less than two weeks ago for his brief martial law decree. Lawmakers voted 192-0 in favor of Prime Minister Han’s impeachment on Friday, according to National Assembly Speaker Woo Won-shik. He said before the vote that a simple majority in the 300-seat parliament was needed for the motion to pass, instead of the two-thirds required to suspend a president. The main opposition Democratic Party, which holds 170 seats, filed the motion to impeach Han on Thursday after he resisted pressure to immediately appoint three judges to the Constitutional Court, which would boost the likelihood of a ruling to finalize Yoon’s removal from power. Dozens of ruling party members protested by chanting slogans calling for Woo’s resignation and boycotting the vote. Han said in a statement that he would respect the National Assembly’s decision and suspend his duties. This is the first time an acting president has been impeached in South Korea. Han took over the role after Yoon was impeached by parliament following his Dec. 3 decision to impose martial law, a move that was reversed six hours later. The crisis has rattled financial markets and disrupted Seoul’s diplomacy efforts with partners like the U.S., all while the country’s facing mounting economic challenges and nuclear threats from North Korea. Finance Minister Choi Sang-mok, who now steps in as interim leader, said he will work to minimize any confusion in government operations. He has also instructed the Joint Chiefs of Staff to increase monitoring of North Korea to prevent any provocations that might arise, he said in a statement. It would be nearly impossible for Choi to effectively manage all the roles including finance minister, acting president and acting prime minister simultaneously, according to Shin Yul, a political science professor at Myongji University in Seoul. “This is not a normal situation in a country,” he said. The South Korean won declined 0.6% against U.S. dollar after the vote. The currency earlier fell as much as 1.1% to the lowest since 2009 on Friday. Han said in an emergency public address Thursday that he would hold off on approving the three judges nominated by parliament. He added that the right to approve the judges rests with the president of the nation. Choi didn’t indicate in his statement whether he would follow Han’s position on the appointment of judges. The Democratic Party has called on Choi to make the appointments immediately. Court Process The court, which can still rule with six judges, held its first pre-trial hearing Friday and has until June to make a decision. Yoon has vowed to fight in court, saying he declared martial law to protect the nation from an opposition that’s trying to paralyze the government with impeachment motions and cuts to budget plans. The case against the president is more important and urgent than any other impeachment motion involving government officials, Constitutional Court judge Cheong Hyungsik said at the hearing on Friday, according to a pool report. The court has scheduled the next preliminary hearing for Jan. 3. The political turmoil adds to the risks facing South Korea’s economy, which is expected to grow at a slower pace next year. Export momentum is weakening due to lower semiconductor demand, and companies are bracing for Donald Trump’s return to the White House and his protectionist policies. Recent surveys show confidence among South Korean consumers and businesses has slumped the most since the Covid-19 pandemic. Policymakers have pledged “unlimited liquidity” if needed to reassure market participants and mitigate the economic fallout. The central bank said it would cut its benchmark interest rate next year while considering financial risks and economic conditions. Shin said the political uncertainty could spark an outflow of foreign capital. This would worsen the balance sheets of companies due to their large amounts of dollar-denominated debt, he added. —With assistance from Jaehyun Eom and Shinhye Kang. ©2024 Bloomberg L.P. Visit bloomberg.com. Distributed by Tribune Content Agency, LLC.
Aaron Judge, the New York Yankees star , is expecting his first child ! Judge and his wife Samantha Bracksieck shared the news of their pregnancy earlier this week. Yankees’ pitcher Domingo Germán makes history with a perfect game in Major League Baseball Neymar will have another baby! Bruna Biancardi is expecting second child with soccer star The news was shared by Page Six , with a source revealing that the couple is expecting a baby girl. Judge, 32, and Bracksieck, 31, are very private regarding their personal life, but the two have been together for years , first meeting when they were teenagers. The pair went to school at Linden High School in California and went to the same college, at Fresno State. They married in 2021 , at a wedding hosted in the Montage Kapalua Bay resort in Maui, Hawaii, with a ceremony attended by notorious guests like the Dominican baseball player Gary Sanchez, who also played for the Yankees. Judge revealed that in 2022 he was considering moving on to a different team, and that his wife helped him do what he wanted, which was to stay in New York and continue to play for the Yankees. “The conversations with New York really weren’t going anywhere. She was like, ‘Call Hal. Just call him up. Tell him how you’re feeling. Tell him what you think,'" he said in the podcast Casa de Klub. Judge ended up signing a $360 million deal and becoming the captain of his team. More details about Judge's career Judge has had an impressive career in baseball, winning the MLB All-Star award six times and was selected twice as the American League's MVP. He started playing with the Yankees in 2016, where he made a home and broke various records set by icons like Babe Ruth and Roger Maris, including most home runs in a season hit at home, most home runs in a single season, and more.
Initial US$4 Million Option Payment; Further strengthening balance sheet Remaining consideration of US$10 Million payable on exercise within 3 years Company well-positioned to drive future growth via its operating Minera Don Nicolas gold mine in Argentina and its Mont Sorcier High Grade Iron Ore development project in Quebec TORONTO, ON / ACCESSWIRE / December 23, 2024 / Cerrado Gold Inc. (TSX.V:CERT)(OTCQX:CRDOF)(FRA:BAI0) ("Cerrado" or the "Company") announces that it and its wholly owned subsidiary, Minera Don Nicolas S.A. ("MDN"), have entered into an option agreement ("Option Agreement") with Cerro Vanguardia S.A. ("CVSA") a wholly-owned subsidiary of AngloGold Ashanti Holdings Plc, whereby MDN has granted to CVSA the option ("Option") to purchase a 100% interest (the "Transaction") in certain properties (the "Michelle Properties") located in the south region of MDN's Minera Don Nicolas Project in Santa Cruz, Argentina, for total consideration of the Argentina peso equivalent of US$14 million (approximately C$19 million) (the "Purchase Price"), subject to the fulfilment of certain conditions. The Option Agreement was ratified December 23, 2024, with effect December 18, 2024.Minera Don Nicolas Enters Option Agreement with AngloGold Ashanti Argentinian Subsidiary, Cerro Vanguardia SA, for the Sale of its Michelle Exploration Properties for Total Consideration of US$14 Million The Purchase Price is payable in the following stages: US$4 million equivalent in Argentina pesos at the CCL Buyers rate upon grant of the Option); and US$10 million equivalent in Argentina pesos at the CCL Buyers rate upon exercise of the Option within 3 years. During the Option Period CVSA will take operational control of the Michelle Properties. Mark Brennan, CEO and Chairman commented: "The option of these non-core properties to CVSA, the logical owner of these properties, is highly accretive to Cerrado and its shareholders. The Transaction will immediately improve the balance sheet and short-term capital position at MDN, allowing us to focus on our core properties. With current strong operating cashflows at MDN and capital proceeds from asset sales, we are very well positioned to pursue strong growth programs at MDN and at our Mont Sorcier high grade iron project, as well as look at additional opportunities to grow the Company in the near term." Transaction Summary and Details The Michelle Properties are a collection of 14exploration concessions, totaling approximately 14,000 hectares located approximately 100 km to the South-East of the MDN plant and 10 km to the North-West of CVSA's Cerro Vanguardia Mine. The Michelle Properties are highlighted in the following map: MDN will receive from CVSA the Argentina CCL peso equivalent of US$4 million to MDN on or about December 27, 2024. CVSA may exercise the Option at its sole discretion at any time within three (3) years unless earlier terminated (the "Option Period") by providing an exercise notice to MDN and paying the exercise price of the Argentina pesos equivalent of US$10 million. The Option may be exercised at CVSA's sole discretion at any time during the Option Period, provided that the required payment has been paid by CVSA. Pursuant to the terms of the Option Agreement, CVSA is intended to assume operational control of the Michelle Properties from the date of the Option Agreement until the expiry of the Option Period. Royalty and Stream Holders Concurrent with the Transaction, MDN obtained prior written consents to the Transaction and exercise of the Option from all holders of royalties and metals streams applicable to the Michelle Properties (the "Consents"), including RG Royalties, LLC ("Royal Gold"), a subsidiary of Royal Gold Inc., Sandstorm Gold Limited ("Sandstorm"), a subsidiary of Sandstorm Gold Royalties, and Sprott Private Resource Streaming and Royalty (B) Corp. ("Sprott"). Receipt of the Consents reduces risks and expedites closing if CVSA elects to exercise the Option. Prior to executing the Option Agreement, Royal Gold was paid all accrued royalty amounts outstanding as of September 30, 2024, and Sandstorm was paid a lump sum. Both Royal Gold and Sandstorm agreed to waive all accrued interest and penalties on royalty amounts outstanding as of September 30, 2024, provided that in the case of Sandstorm, all royalty amounts are paid when due in instalments over the next two quarters. The waiver of accrued interest and penalties, taken together with the repayment of outstanding royalties, results in substantial reductions of Company accounts payable. In connection with the Consents and the waiver of interest and penalties, the Company provided corporate guarantees to Royal Gold and Sandstorm relating to their royalty agreements with MDN, and MDN and has conditionally agreed to pay Sandstorm up to US$500,000 in connection with a cap on royalty payments on the Michelle Properties subject to the existing maximum royalty amount of approximately $1,300,000 that may be payable to Sandstorm under the applicable Sandstorm royalty agreement. Review of Technical Information The scientific and technical information in this press release has been reviewed and approved by Sergio Gelcich, P.Geo., Vice President, Exploration for Cerrado Gold Inc., who is a Qualified Person as defined in National Instrument 43-101. About Cerrado Cerrado Gold is a Toronto-based gold production, development, and exploration company focused on gold projects in South America. The Company is the 100% owner of both the producing Minera Don Nicolás and Las Calandrias mine in Santa Cruz province, Argentina. In Canada, Cerrado Gold is developing its 100% owned Mont Sorcier Iron Ore and Vanadium project located outside of Chibougamou, Quebec. In Argentina, Cerrado is maximizing asset value at its Minera Don Nicolas operation through continued operational optimization and is growing production through its operations at the Las Calandrias Heap Leach project. An extensive campaign of exploration is ongoing to further unlock potential resources in our highly prospective land package in the heart of the Deseado Masiff. In Canada, Cerrado holds a 100% interest in the high grade, high purity Mont Sorcier Iron Ore and Vanadium project, which has the potential to produce a premium iron ore concentrate over a long mine life at low operating costs and with low capital intensity. Furthermore, its high grade and high purity product facilitates the migration of steel producers from blast furnaces to electric arc furnaces, contributing to the decarbonization of the industry and the achievement of SDG goals. For more information about Cerrado please visit our website at: www.cerradogold.com . Mark Brennan CEO and Chairman Mike McAllister Vice President, Investor Relations Tel: +1-647-805-5662 Email: info@cerradogold.com Disclaimer NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. This press release contains statements that constitute "forward-looking information" (collectively, "forward-looking statements") within the meaning of the 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 news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements contained in this press release include, without limitation, statements regarding the business and operations of Cerrado, that CVSA will exercise the Option, receipt by Cerrado of the whole Purchase Price including the $10 million upon exercise the Option, the value of Argentina pesos at the CCL Buyers rate, that MDN will satisfy conditions relating to the waiver of interest and penalties. In making the forward- looking statements contained in this press release, Cerrado has made certain assumptions, including, but not limited to the satisfactory completion of due diligence by Amarillo and the exercise of the Option by Amarillo, the satisfaction of all conditions to closing of the Proposed Transaction, including the receipt of all required approvals (including regulatory and shareholder approval), cash flow generated from MDN and changes in economic and monetary policies and regulations in jurisdictions in which Cerrado and its subsidiaries operate. Although Cerrado believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, Cerrado 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. SOURCE: Cerrado Gold Inc. View the original on accesswire.comThe Washington Commanders put kicker Austin Seibert on injured reserve Tuesday, just over 48 hours since he missed an extra point that would have tied the score with 21 seconds left against Dallas. Read this article for free: Already have an account? To continue reading, please subscribe: * The Washington Commanders put kicker Austin Seibert on injured reserve Tuesday, just over 48 hours since he missed an extra point that would have tied the score with 21 seconds left against Dallas. Read unlimited articles for free today: Already have an account? The Washington Commanders put kicker Austin Seibert on injured reserve Tuesday, just over 48 hours since he missed an extra point that would have tied the score with 21 seconds left against Dallas. Seibert also missed a field-goal attempt and another extra point in the loss to the Cowboys. He missed the previous two games with a right hip injury but said afterward he was fine and made the decision to play. The Commanders filled that roster spot by signing running back Chris Rodriguez Jr. off their practice squad. Austin Ekeler had a concussion and Brian Robinson Jr. sprained an ankle Sunday. Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. ___ AP NFL: https://apnews.com/hub/nfl Advertisement Advertisement
Neuphoria Completes Re-domiciliation and Successor Listing on Nasdaq
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