Mosaic Minerals Corp Announces Resignation of Chief Financial Officer 2021

The management of Mosaic Minerals Corp. (“Mosaic” or the “Company”) (CSE: MOC) today announced that Martin Nicoletti, Chief Financial Officer (CFO), has left the Corporation to pursue other interest. Mr. Nicoletti has agreed to assist in a smooth transition. Effective immediately, Jonathan Hamel will assume the role of interim CFO until a permanent successor to Mr. Nicoletti is appointed.

“I would like to thank Mr. Nicoletti for making this transition as smooth as possible and wish him continued success in his future endeavors,” says Mosaic President and CEO Jonathan Hamel.

Grant of Stock Options
The Company also announces that incentive stock options have been granted to directors, officers, and consultants to purchase up to 500,000 common shares at a price of $0.095 per share for five years, pursuant to its Stock Option Plan. The Company currently has 45,678,500 shares issued and outstanding, along with 4,550,000 options (including the options described above).

About Mosaic Minerals Corporation
Mosaic Minerals Corp. is a Canadian mineral exploration company listed on the Canadian Security Exchange (CSE: MOC) now focusing on the exploration for future strategic Copper-Nickel-Zinc deposits in the Quebec Province territory which have a long and successful history of base metal production principally in the Rouyn-Noranda, Matagami, Val d’Or and Chibougamau mining camps.

On Behalf of the Board
M. Jonathan Hamel
President & CEO
[email protected]

This release contains certain “forward-looking information” under applicable Canadian securities laws concerning the Arrangement. Forward-looking information reflects the Company’s current internal expectations or beliefs and is based on information currently available to the Company. In some cases, forward-looking information can be identified by terminology such as “may”, “will”, “should”, “expect”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “projects”, “potential”, “scheduled”, “forecast”, “budget” or the negative of those terms or other comparable terminology. Assumptions upon which such forward-looking information is based includes, among others, that the conditions to closing of the Arrangement will be satisfied and that the Arrangement will be completed on the terms set out in the definitive agreement. Many of these assumptions are based on factors and events that are not within the control of the Company, and there is no assurance they will prove to be correct or accurate. Risk factors that could cause actual results to differ materially from those predicted herein include, without limitation: that the remaining conditions to the Arrangement will not be satisfied; that the business prospects and opportunities of the Company will not proceed as anticipated; changes in the global prices for gold or certain other commodities (such as diesel, aluminum and electricity); changes in U.S. dollar and other currency exchange rates, interest rates or gold lease rates; risks arising from holding derivative instruments; the level of liquidity and capital resources; access to capital markets, financing and interest rates; mining tax regimes; ability to successfully integrate acquired assets; legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical difficulties in connection with mining or development activities; laws and regulations governing the protection of the environment; employee relations; availability and increasing costs associated with mining inputs and labour; the speculative nature of exploration and development; contests over title to properties, particularly title to undeveloped properties; and the risks involved in the exploration, development and mining business. Risks and unknowns inherent in all projects include the inaccuracy of estimated reserves and resources, metallurgical recoveries, capital and operating costs of such projects, and the future prices for the relevant minerals. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

Pulse Seismic Inc. Reports Strong Q3 2021 Results, Resumes Regular Quarterly Dividends and Declares One Time Special Dividend

Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or the “Company”) is pleased to report its financial and operating results for the three and nine months ended September 30, 2021. The unaudited condensed consolidated interim financial statements, accompanying notes and MD&A are being filed on SEDAR (www.sedar.com) and will be available on Pulse’s website at www.pulseseismic.com.

In the third quarter of 2021 the Company continued to generate robust transaction-based sales as well as traditional sales, driving a significant improvement in all key performance indicators over both the quarterly and year-to date results of the prior year.

“We are very pleased with the level of sales generated so far in 2021. Total revenue of $32.8 million converts to $21.3 million of shareholder free cash flow generated in the first three quarters of the year,” stated Neal Coleman, Pulse’s President and CEO. “The Company has now repaid the full $38.0 million of debt related to the 2019 acquisition of Seitel Canada Ltd., having repaid its remaining September 30, 2021 debt balance of $3.2 million. Since the acquisition, capital allocation has been focused on debt repayment. We are extremely pleased at having fully repaid all borrowings in less than three years, considering the economic environment.”

The strong quarterly and year-to-date results have enabled Pulse’s Board of Directors to make additional capital allocation decisions. Since 2003, Pulse has returned approximately $109.1 million to its shareholders through dividends and share buybacks. Total dividends paid were $62.9 million and the shares repurchased cost $46.2 million. Regular quarterly dividends were suspended in 2015, early in the energy sector downturn. Since that time, one special dividend was paid in 2017. The Board has now made the decision to resume regular quarterly dividends and has declared a dividend in the amount of $0.0125 per share. In addition, the Board has declared a special one-time dividend of $0.04 per share. Together the special and regular dividends will result in a distribution of approximately $2.8 million, based on 53,793,317 shares outstanding as of this date. As well, the Company will file a notice with the Toronto Stock Exchange (TSX) to undertake a Normal Course Issuer Bid which will allow for approximately 3.1 million shares to be purchased and cancelled in a one-year period. The details will be released following TSX approval.

These decisions reflect Pulse’s strong balance sheet and the anticipated delivery in the first half of 2022 of the remaining $9.7 million of seismic data under a transaction–based sale announced in the second quarter. “Pulse is a pure-play seismic data library company with very low cash operating costs,” continued Coleman. “Having this $9.7 million sales backlog for early 2022 provides improved clarity for the short-term.”

HIGHLIGHTS FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2021

Data library sales revenue was $8.8 million for the three months ended September 30, 2021 compared to $1.8 million for the three months ended September 30, 2020. Data library sales revenue was $32.5 million for the nine months ended September 30, 2021 compared to $5.9 million for the nine months ended September 30, 2020;

Net earnings for the three months ended September 30, 2021 were $3.2 million ($0.06 per share basic and diluted) compared to a net loss of $1.9 million ($0.04 per share basic and diluted) for the three months ended September 30, 2020. Net earnings for the nine months ended September 30, 2021 were $13.4 million ($0.25 per share basic and diluted) compared to a net loss of $7.1 million ($0.13 per share basic and diluted) for the nine months ended September 30, 2020;

Cash EBITDA(a) was $7.5 million ($0.14 per share basic and diluted) for the three months ended September 30, 2021, compared to $1.2 million ($0.02 per share basic and diluted) for the three months ended September 30, 2020. Cash EBITDA was $28.8 million ($0.53 per share basic and diluted) for the nine months ended September 30, 2021 compared to $3.4 million ($0.06 per share basic and diluted) for the nine months ended September 30, 2020;

Shareholder free cash flow(a) was $5.9 million ($0.11 per share basic and diluted) for the third quarter of 2021 compared to $855,000 ($0.02 per share basic and diluted) for the comparable period in 2020. Shareholder free cash flow was $21.3 million ($0.40 per share basic and diluted) for the nine months ended September 30, 2021 compared to $2.4 million ($0.04 per share basic and diluted) for the nine months ended September 30, 2020;

During the three first quarters of 2021, the Company repaid a total of $24.8 million of long-term debt including all $10.0 million of its subordinated debt and $14.8 million on the balance of its revolving facility. At September 30, 2021, long-term debt (net of deferred financing cost) was $3.1 million. The outstanding balance was subsequently repaid and the Company now has the full $25.0 million available on its revolving credit facility;

In the second quarter of 2021 the Company signed a $17.0 million seismic data licensing contract. The Company delivered a portion of the data and recognized revenue of $7.3 million in the second quarter. The remainder of the data must be selected by the customer before April 15, 2022. If the data is selected before that date, revenue will be recognized upon data delivery. There is an additional $9.7 million in licensing fees to be recognized as revenue no later than April 15, 2022. Invoices will be issued when the remainder of the data is delivered, with payment due in 30 days; and

Pulse’s Board of Directors declared a special dividend of $0.04 per share as well as a regular quarterly dividend of $0.0125 per share. The total of the special and regular dividend will be approximately $2.8 million based on Pulse’s 53,793,317 common shares outstanding as of October 27, 2021, to be paid on November 29, 2021 to shareholders of record on November 12, 2021. This dividend is designated as an eligible dividend for Canadian income tax purposes. For non-resident shareholders, Pulse’s dividends are subject to Canadian withholding tax.

Scott+Scott Attorneys at Law LLP Announces Investigation into Robinhood Markets Inc. (HOOD)

Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international shareholder and consumer rights litigation firm, is investigating whether Robinhood Markets Inc. (“Robinhood” or the “Company”) (NASDAQ: HOOD) and certain of its officers and directors violated federal securities laws. If you purchased or otherwise own Robinhood securities and have suffered a loss, you are encouraged to contact Jonathan Zimmerman at (888) 398-9312, or at [email protected] for more information.

Robinhood Markets, Inc. operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), options, gold, and cryptocurrencies.

Robinhood commenced its initial public offering (“IPO”) on July 30, 2021, issuing 55 million shares to the investing public at $38 per share, anticipating proceeds in excess of $2 billion.

After the markets closed on October 26, 2021, Robinhood released its third quarter financial results, revealing revenue that fell short of Wall Street estimates. On this news, Robinhood shares plummeted, trading intraday on October 27, 2021, at over 9% below the Company’s $38 IPO offering price.

What You Can Do

If you purchased or otherwise own Robinhood securities, have suffered a loss, and/or wish to discuss this investigation, please contact attorney Jonathan Zimmerman at (888) 398-9312, or at jzimmerm[email protected], or visit the Robinhood investigation page on our website

About Scott+Scott Attorneys at Law LLP

Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Amsterdam, Connecticut, Virginia, California, and Ohio.

Attorney Advertising

CONTACT:

Jonathan Zimmerman
Scott+Scott Attorneys at Law LLP
230 Park Ave, 17th Fl, New York, NY 10169
(888) 398-9312

Perception Capital Corp. II Announces Pricing of $200 Million Initial Public Offering 2021

Perception Capital Corp. II (the “Company”) today announced the pricing of its initial public offering of 20,000,000 units at a price of $10.00 per unit. The units are expected to be listed on the Nasdaq Global Market (“Nasdaq”) and trade under the ticker symbol “PCCTU” beginning on October 28, 2021. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share. After the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “PCCT” and “PCCTW,” respectively. The offering is expected to close on November 1, 2021, subject to customary closing conditions.

Perception Capital Corp. II is a blank check company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination with a company in any industry, sector or geographic region, the Company intends to concentrate its efforts on identifying and acquiring a technology-enabled company with a proven business model operating within one of the multiple sectors benefitting from secular tailwinds in industrial technology, which includes businesses focused on: mobility and autonomous motion, automation components and systems, material handling solutions, robotics, additive manufacturing, Internet of Things and connectivity; as well as the sustainability sector with businesses focused on: energy storage, advance battery technologies, the hydrogen economy, waste-to-energy, renewable energy, recycling, building energy management and technologies for clean food, water and air.

Jefferies LLC, Moelis & Company LLC and Nomura Securities International, Inc. are acting as the book-running managers of the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments, if any.

A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on October 27, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering is being made only by means of a prospectus. When available, copies of the prospectus relating to the offering may be obtained from Jefferies LLC at Attn: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, or by telephone at (877) 821-7388 or by email at [email protected]

Forward Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the initial public offering filed with the SEC. Copies of these documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

‘Rust’ assistant director says he did not properly inspect gun given to Alec Baldwin: Affidavit

n assistant director on “Rust” told investigators he did not check all the rounds in the gun used on set before handing it to Alec Baldwin prior to the fatal shooting.

The news follows the Santa Fe County Sheriff’s Office revealing Wednesday that the “actual lead projectile that was fired” has been recovered from “Rust” director Joel Souza’s shoulder and is believed to be from a “live round” discharged by Baldwin on the set of the Western that ended in tragedy last week.

Speaking at a news conference Wednesday, Sheriff Adan Mendoza said his office believes the projectile that injured Souza, 48, is from the same “live round” that killed cinematographer Halyna Hutchins, 42, on the New Mexico set on Oct. 21.

“I think the facts are clear. A weapon was handed to Mr. Baldwin. The weapon is functional, and fired a live round, killing Ms. Hutchins and injuring Mr. Souza,” Mendoza said.

As to how a live round was placed and not discovered in the .45 Long Colt revolver that Baldwin was using for the Western, Mendoza said the investigation is continuing. There was a small number of people directly nearby during the incident, and there was “no footage” of the rehearsal. The sheriff’s office is continuing to interview the 100 people who worked on the movie set.

What we know about the ‘Rust’ shooting:DA cites ‘enormous amount of bullets’ on the set
Assistant director says he did not properly inspect gun

Two other people handled the firearm before Baldwin – set armorer Hannah Gutierrez and assistant director Dave Halls. All three are cooperating with the sheriff’s office.

An affidavit from the sheriff’s office released Wednesday revealed that set armorer Gutierrez told investigators that on the day of the incident, she checked the “dummies” and ensured there were not “hot” rounds in the firearm.

Gutierrez said as the crew broke for lunch, the firearms were taken back and secured inside a safe on a set “prop truck.” During a lunch break, she stated the ammo was left on a cart and not secured.

A search warrant was issued Wednesday for the white truck.

Gutierrez said no live ammo was “ever kept” on the set, according to the affidavit.

The affidavit said that Halls recalled seeing the firearm before continuing the post-lunch rehearsal. When asked about safety protocols, he told investigators: “I check the barrel for obstructions, most of the time there’s no live fire, she (Hannah) opens the hatch and spins the drum, and I say cold gun on set.” In this case, the affidavit said, Hall “could only remember seeing three rounds. He advised he should have checked all of them, but didn’t, and couldn’t recall if she spun the drum.”

Halls “advised the incident was not a deliberate act,” according to the warrant.
Santa Fe County Sheriff Adan Mendoza speaks during a press conference to give an update on the shooting accident on the set of the movie “Rust” at the on October 27, 2021 in Santa Fe, New Mexico.
‘No charges have been ruled out at this point’

Mendoza said Wednesday hundreds of rounds recovered on the “Rust” set were a mixture of “blanks, dummy rounds and what we are suspecting were live rounds.”

“Obviously I think the industry has had a record recently of being safe. I think there was some complacency on this set, and I think there are some safety issues that need to be addressed by the industry and possibly by the state of New Mexico,” Mendoza said.

The sheriff also responded to unconfirmed reports that the guns on set had been used in off hours for target practice.

“We are aware of those statements and we are investigating whether or not that is true,” Mendoza said. “And I would encourage anybody that has any information that any target practicing or any firearm was discharged away from the movie set or for practice or for whatever reason to contact the sheriff’s office.”

Mendoza said Baldwin, 63, is “obviously the person that fired the weapon” and is “an active part of the investigation.”

Santa Fe District Attorney Mary Carmack-Altwies would not rule out charges being brought against Baldwin, the film’s star and a producer. “All options are on the table at this point. We cannot answer that question yet.”

“No one has been ruled out at this point,” Carmack-Altwies said.
Cinematographer Halyna Hutchins died on Oct. 21, 2021, in New Mexico after Alec Baldwin discharged a firearm on the set of “Rust.” She was 42.
Claims about Hannah Gutierrez surface

On Wednesday, CNN reported the claims of two crew members from the Western “The Old Way” who said Gutierrez had mishandled firearms on the set.

Stu Brumbaugh, the key grip for the upcoming film, said he reported Gutierrez to the film’s assistant director seeking to get her fired for reckless behavior, which included shooting a firearm near star Nicolas Cage without warning.

“Make an announcement! You just blew my (expletive) eardrums out!” Cage screamed, according to Brumbaugh.

“There’s a universal way to handle weapons on set and immediately red flags went up when I worked with Hannah,” Brumbaugh told CNN. “This is why I asked for her dismissal.”

“This is why people get injured because of rookie mistakes,” he said.
Affidavit reveals what happened in shooting aftermath

The Santa Fe County Sheriff’s Office revealed stark details of the incident in an affidavit released Sunday night.

Baldwin was sitting in a church pew practicing drawing his gun “and pointing his revolver towards the camera lens” during rehearsal for a church-set scene, Souza told the investigating officer.

Souza was concentrating on the camera angle in the set monitors while standing beside Hutchins as they prepared for the first scene to be shot after a lunch break.

Souza said he heard what “sounded like a whip and then loud pop” and saw Hutchins stumble and was helped to the ground “complaining about her stomach and grabbing her midsection.”

Gun safety protocols:Are rigid on film and TV sets. This ‘should never have happened.’
A firearm discharged by veteran actor Alec Baldwin, who is starring and producing the Western movie “Rust,” killed his director of photography and injured the director Thursday, Oct. 21.

Souza told investigators that prior to Baldwin being handed the gun, assistant director Halls had described it as a “cold gun,” an industry term for a weapon not containing live ammunition. The film’s director said there should “never be live rounds whatsoever near or around the film set.”

Souza said that guns on set were checked first by the film’s armorer, Gutierrez and checked again by Halls, who would hand the firearms to the actor using them. After the crew returned to the set after the lunch break, Souza said he was “not sure if the firearm was checked again.”

Cameraman Reid Russel told investigators that Baldwin was “very careful” with the firearms onset. During one previous scene, Baldwin had been cautious to make sure a child actor was not nearby before discharging the gun for a scene, Russel said.

More:Could Alec Baldwin be charged? Who is liable in Halyna Hutchins’ death?

According to court documents released Monday, authorities seized three black revolvers, ammunition boxes, a fanny pack with ammunition, several spent casings, two leather gun belts with holsters, articles of clothing and swabs of what were believed to be blood.

The Los Angeles Times and Deadline reported that, hours before the fatal incident, roughly half a dozen members of the “Rust” camera crew walked off the job in protest of working conditions, including safety issues, and, per the LA Times, were replaced with nonunion crew members soon after. The outlets also noted at least two previous misfires on a prop gun on set days before.

On Friday morning, Baldwin spoke out about the “tragic” news and confirmed he is “fully cooperating” with the ongoing investigation.

“There are no words to convey my shock and sadness regarding the tragic accident that took the life of Halyna Hutchins, a wife, mother and deeply admired colleague of ours,” he said in a series of tweets.

Brookfield to Acquire the Lottery Business of Scientific Games Corporation 2021

Brookfield Business Partners L.P. (NYSE:BBU) (TSX:BBU.UN) (“Brookfield Business Partners”) together with institutional partners (collectively “Brookfield”) today announced an agreement to acquire Scientific Games Corporation’s global lottery services and technology business (“Scientific Games Lottery” or “the Business”) for approximately $5.8 billion.

With innovative capabilities in game design, production, distribution, systems and terminals, and turnkey technology solutions, Scientific Games Lottery has long-term relationships with approximately 130 lottery entities in over 50 countries. The Business is deeply integrated across the lottery ecosystem as an essential service provider to global lottery programs which represent a critical and growing source of funding for governments around the world.

“We are pleased to continue to grow our business with the acquisition of a market leader and essential service provider to governments around the world,” said David Nowak, Managing Partner, Brookfield Business Partners. “We look forward to partnering with management and bringing our global scale and capabilities to support Scientific Games Lottery’s future growth.”

Investment Highlights

Strong market position. Scientific Games Lottery is a market leader supplying products, services and technology to leading lotteries around the world. The breadth of its product offering, scale and differentiated service offerings contribute to long-standing partnerships with its customer base.

Durable financial performance. The Business operates in a resilient industry, with favorable margins and low ongoing capital requirements. Its recurring revenue base is driven by a clear value proposition, strong customer relationships and contracts with high renewal rates.

Favorable market dynamics. Scientific Games Lottery is well positioned to meet strict regulatory frameworks and oversight which require high standards of service and security.

Opportunities for growth. The Business has access to multiple levers to drive future revenue growth, including expansion of service offerings to existing customers, participation in expected digital growth and new customer acquisition.

Funding

Brookfield’s investment will be funded with approximately $2.6 billion of equity.

Brookfield Business Partners intends to fund approximately 30% of the equity on closing from existing liquidity on-hand and capital which will be raised from internal initiatives currently underway. Brookfield Business Partners also recently increased the availability on its credit facilities by $500 million to maintain a strong corporate liquidity position.

The balance of the equity investment is expected to be funded by institutional partners. Prior to or following closing, a portion of Brookfield Business Partners’ commitment may be syndicated to other institutional investors.

Transaction Process

Closing of the transaction remains subject to customary closing conditions including regulatory approvals. Closing is expected in the second quarter of 2022.

Advisors

Financing will be led by a syndicate of banks including Barclays, Deutsche Bank Securities, BNP Paribas, Credit Agricole Corporate and Investment Bank, Macquarie Capital and RBC Capital Markets. Cleary Gottlieb Steen & Hamilton LLP is acting as legal advisor to Brookfield.

Brookfield Business Partners is a business services and industrials company focused on owning and operating high-quality businesses that benefit from barriers to entry and/or low production costs.

Brookfield Business Partners is the flagship listed business services and industrials company of Brookfield Asset Management, a leading global alternative asset manager with over $625 billion of assets under management. More information is available at www.brookfield.com.

Brookfield Business Partners is listed on the New York and Toronto stock exchanges. For more important information, please visit our website at https://bbu.brookfield.com.

For more information, please contact:
Investor Relations

Alan Fleming
Tel: +1 (416) 645 2736
Email: [email protected]
Media

Sebastien Bouchard
Tel: +1 (416) 943-7937
Email: [email protected]

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS AND INFORMATION

Note: This news release contains “forward-looking information” within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, Section 21E of the U.S. Securities Exchange Act of 1934, as amended, “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and in any applicable Canadian securities regulations. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, include statements regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, strategies and outlook of Brookfield Business Partners, as well as the outlook for North American and international economies for the current fiscal year and subsequent periods, and include words such as “expects,” “anticipates,” “plans,” “believes,” “estimates,” “seeks,” “intends,” “targets,” “projects,” “forecasts” or negative versions thereof and other similar expressions, or future or conditional verbs such as “may,” “will,” “should,” “would” and “could.”

Although we believe that our anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on forward-looking statements and information because they involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, which may cause the actual results, performance or achievements of Brookfield Business Partners to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information.

Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include, but are not limited to: the impact or unanticipated impact of general economic, political and market factors in the countries in which we do business; including as a result of the ongoing novel coronavirus pandemic (“COVID-19”); the behavior of financial markets, including fluctuations in interest and foreign exchange rates; global equity and capital markets and the availability of equity and debt financing and refinancing within these markets; strategic actions including dispositions; the ability to complete and effectively integrate acquisitions into existing operations and the ability to attain expected benefits; changes in accounting policies and methods used to report financial condition (including uncertainties associated with critical accounting assumptions and estimates); the ability to appropriately manage human capital; the effect of applying future accounting changes; business competition; operational and reputational risks; technological change; changes in government regulation and legislation within the countries in which we operate; governmental investigations; litigation; changes in tax laws; ability to collect amounts owed; catastrophic events, such as earthquakes; hurricanes and pandemics/epidemics; the possible impact of international conflicts and other developments including terrorist acts and cyber terrorism; and other risks and factors detailed from time to time in our documents filed with the securities regulators in Canada and the United States.

In addition, our future results may be impacted by various government mandated economic restrictions resulting from the ongoing COVID-19 pandemic and the related global reduction in commerce and travel and substantial volatility in stock markets worldwide, which may negatively impact our revenues, affect our ability to identify and complete future transactions, impact our liquidity position and result in a decrease of cash flows and impairment losses and/or revaluations on our investments and assets, and therefore we may be unable to achieve our expected returns. See “Risks Associated with the COVID-19 Pandemic” in the “Risks Factors” section included in our Management’s Discussion and Analysis of Financial Condition and Results of Operations in our Form 20-F for the year ended December 31, 2020.

We caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on our forward-looking statements, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Except as required by law, Brookfield Business Partners undertakes no obligation to publicly update or revise any forward-looking statements or information, whether written or oral, that may be as a result of new information, future events or otherwise.

2021 Garland defends memo on threats against school board officials

Attorney General Merrick Garland defended his recent memo regarding violent threats against school board officials, attempting to set the record straight amid inflammatory attacks from Republicans during a Senate Judiciary Committee hearing Wednesday.

“The only thing the Justice Department is concerned about is violence and threats of violence,” said Garland. “That’s all it’s about.”

His memo, which came out earlier this month, directed the FBI to meet with state and local leaders to discuss strategies for addressing the recent spike in physical assaults, threats and harassment reported by school board members around the country as heated debates over COVID-19 policies and lessons on racism in public schools have led to clashes between parents and educators.
Merrick Garland
Attorney General Merrick Garland testifying before a Senate Judiciary Committee hearing on Wednesday. (Tasos Katopodis/Pool via Reuters)

Throughout Wednesday’s hearing, however, Republican senators sought to portray the memo as much more than that, accusing Garland of weaponizing the Justice Department and infringing on parents’ First Amendment rights.

“Your memo treats parents speaking freely to be worthy of the department’s heavy investigative and prosecutorial hand,” charged Sen. Chuck Grassley, R-Iowa, the committee’s top Republican, in his opening statement. Tom Cotton, R-Ark., accused Garland of “siccing the feds on parents at school boards across America” and declared, “You should resign in disgrace.”

Garland’s memo quickly became a point of contention among Republicans after it was released on Oct. 4. But much of the outrage has centered not on the contents of the memo itself but on a letter sent days earlier to President Biden by the National School Board Association (NSBA). The letter, which called for federal law enforcement to respond to the “growing number of threats of violence and acts of intimidation” against public school officials, described recent attacks on educators as “a form of domestic terrorism” and urged the Biden administration to assess whether such incidents violate the Patriot Act and federal hate crime laws.

The NSBA has since apologized for the language in its letter following fierce backlash from parents and several state school board associations, as well as Republican officials. But while Garland acknowledged that his memo had been issued, in part, in response to the NSBA’s request for federal law enforcement assistance, he stood by the guidance released by the Justice Department, which, he emphasized, contained no references to domestic terrorism or the Patriot Act.

“I did not adopt every concern in their letter,” Garland said when asked by Grassley if he would rescind his memo in light of the NSBA’s apology. “I adopted only the concern about violence and threats of violence, and that hasn’t changed.”

Nonetheless, Republicans continued to conflate Garland’s memo with the NSBA’s letter, and Sen. Ted Cruz, R-Texas, accused the attorney general of applying a domestic terrorist label to the father of a reported sexual assault victim at a Virginia school.

“I never called him that,” exclaimed a visibly frustrated Garland. “That’s not correct.” The man in question had been arrested for disorderly conduct at a school board meeting in June.
Chuck Grassley
Sen. Chuck Grassley, R-Iowa, at Wednesday’s hearing. (Tasos Katopodis/Pool via Reuters)

The attorney general also attempted to dispute the notion put forth by a number of Republicans that the Justice Department guidance was intended to quell free speech, engaging in a terse back-and-forth with Sen. John Cornyn, R-Texas, who repeatedly asked whether Garland considered “the chilling impact your memorandum would have on parents exercising their constitutional rights.”

“I don’t believe it’s reasonable to read this memo as chilling anyone’s rights,” said Garland, insisting that it “expressly recognizes the constitutional right to make arguments about your children’s education.” In fact, the second line of the one-page missive reads: “While spirited debate about policy matters is protected under our Constitution, that protection doesn’t extend to threats of violence or efforts to intimidate individuals based on their views.”
Committee Chairman Sen. Dick Durbin, D- Ill., delivers opening remarks as U.S. Attorney General Merrick Garland testifies before a Senate Judiciary Committee hearing on October 27, 2021 in Washington, DC. (Tom Brenner/Pool via Getty Images)
Senate Judiciary Committee Chairman Dick Durbin, D-Ill., at the hearing. (Tom Brenner/Pool via Getty Images)

Garland said the threats against school board members are part of “a rising tide of violence” targeting a range of public figures, from teachers and election administrators to members of Congress and the media.

“A core responsibility of the Justice Department is protecting Americans from violence and threats of violence,” he said.

Some Senate Democrats came to Garland’s defense, including the committee’s chairman, Dick Durbin, D-Ill., who said that those who dismiss the dangers currently faced by school board members are “out of touch with reality.”

“If you don’t believe me, type ‘school board violence’ into your computer and take a look at what’s happening,” said Durbin, reading off a handful of examples of the news articles he encountered during such a search.

CORRECTION International Experts Join the Value Reporting Foundation Board of Directors 2021

This release has been revised to correct the following errors: Koushik Chatterjee is Executive Director and CFO of Tata Steel, not Group CFO; Mr. Chatterjee was appointed to his current position in 2004, not 2008; and he has provided stewardship in corporate finance involving US $60 billion of capital raising, not US $70 billion.

The Value Reporting Foundation on October 26, 2021 announced the appointment of five new directors to its governing board. Representing entities from Japan, India, Netherlands and the United States, the new directors increase regional and preparer perspectives on the governing board.

The Value Reporting Foundation has a structure that includes a governing board of directors (the “Value Reporting Foundation Board”) and two independent boards that govern the content of the <IR> Framework and SASB Standards. The SASB Standards Board develops, issues and maintains the SASB Standards. The role of the International Integrated Reporting Framework Board is to recommend for approval any revision, modification or other update to the International Integrated Reporting Framework.

The new directors of the Value Reporting Foundation governing board join amidst a time of growing corporate and investor support for the inclusion of the <IR> Framework and SASB Standards in a comprehensive corporate reporting system. Japanese asset managers Mitsubishi UFJ Trust and Banking Corporation (MUFG) and Asset Management One have recently joined the SASB Standards Investor Advisory Group, comprised of 61 international institutional investors representing >$51 trillion assets under management.

The new directors of the Value Reporting Foundation are:

Joe Allanson, Executive Vice President, Finance ESG, salesforce (San Francisco, USA)

Joe Allanson joined salesforce in August 2003, which was four years after salesforce was founded in 1999. He served as their Chief Accounting Officer and Corporate Controller since July 2011, and now serves as Executive Vice President, Finance ESG. Prior to the expansion of his responsibilities to include the role of the Chief Accounting Officer, he served as the company’s Corporate Controller from July 2007 to July 2011. Mr. Allanson oversees Salesforce’s Environmental, Social and Governance external reporting in its 10-K and Proxy, as well as the preparation of its annual Stakeholder Impact Reports. Mr. Allanson also serves on the Board of Trustees of the University of San Francisco.

Koushik Chatterjee, Executive Director and CFO, Tata Steel (Mumbai, India)

Mr. Chatterjee joined Tata Steel limited in 1995 and took over the responsibility of Chief Financial Officer of the company in 2004, joining its Board as Executive Director in 2012. During the last 15 years he has provided stewardship in the areas of financial strategy, performance management and corporate finance involving US $60 billion of capital raising, US $17 billion of acquisitions and complex negotiations for structural de-risking of a £16 billion pension scheme. He also oversees the risk management, reporting and control, investor relations and taxation functions. He has been a member of several advisory committees of the Securities Exchange Board of India and was also the member of the Global Preparers Forum, the advisory body to the International Accounting Standards Board, London. He is a member of the UNGC Global CFO Taskforce on SDGs, the Task Force on Nature-Related Financial Disclosures and the UK Voluntary Carbon Markets Forum steering committee.

Tetsuo Kitagawa, Emeritus Professor, Aoyama Gakuin University Professor (Tokyo, Japan)

Tetsuo Kitagawa is the representative director of WICI Japan and the “ESG Information Disclosure Study Group,” which consists of major Japanese companies, institutional investors, and four major audit firms. He is also the Chairman of the judging committee of the “Integrated Reporting Award” sponsored by Nikkei Inc. and “IR Excellent Companies” at the Japan IR Association. He is also currently an outside director of Mitsubishi UFJ Trust and Banking and a specially appointed professor at Tokyo Metropolitan University. Prior to becoming a university professor, he worked in the research department of institutional investors such as JP Morgan Asset Management, where he analyzed global pharmaceutical companies for over 25 years.

Robert Swaak, CEO, ABN AMRO (Amsterdam, Netherlands)

Robert Swaak was appointed as Chief Executive Officer (CEO) and Chairman of the Executive Board of ABN AMRO Bank N.V. effective 22 April 2020. As CEO he is also responsible for Audit, Legal & Corporate Office, Strategy & Sustainability and Brand, Marketing & Communications. Previously, he held various positions at PricewaterhouseCoopers (Amsterdam, the Netherlands) where he started in 1988 and became partner in 1998. From 2006 until 2013 he was member of the Management Board of PwC the Netherlands (CFO, COO, CHRO), and served as Chairman of the Management Board from 2008 onwards. Subsequently, from 2013 until 2017 he was Global Vice Chairman/Global Clients and Industries leader at PricewaterhouseCoopers International. In 2017 he became Global Relationship Partner and continued his responsibilities as Lead Audit Partner in the Financial Service practice of PwC the Netherlands.

Takatoshi Yamamoto, Independent Director, Hitachi (Tokyo, Japan) and Murata Manufacturing (Kyoto, Japan)

Takatoshi Yamamoto is currently an external director of Hitachi Ltd. and Murata Manufacturing Co., Ltd. He had been a corporate auditor of Fuji Heavy Industries Ltd (current SUBARU) since June 2012 and a corporate auditor of Tokyo Electron Ltd. since June 2013. He was Managing Director and Advisor of Casio Computer Co. Ltd from 2009 to 2012. Prior to joining a manufacturing company in 2009, he had 34 years of experience in the securities and investment banking industry. He was a Vice Chairman and Managing Director of UBS Securities Japan Ltd. and moved from Morgan Stanley in July 2005. He was a securities analyst for 28 years and an investment banker for six years, mainly focusing on the technology sector and companies.

To see the full list of directors, please click here.

About the Value Reporting Foundation

The Value Reporting Foundation is a global nonprofit organization that offers a comprehensive suite of resources designed to help businesses and investors develop a shared understanding of enterprise value—how it is created, preserved or eroded over time. The resources — including Integrated Thinking Principles, the Integrated Reporting Framework and SASB Standards — can be used alone or in combination, depending on business needs. These tools, already adopted in over 70 countries, comprise the 21st century market infrastructure needed to develop, manage and communicate strategy that creates long-term value and drives improved performance. To learn more, visit

ACAMS Canada Virtual Conference Offers Holistic Look at Emerging Anti-Financial Crime Risks with More than 40 Leading Compliance Experts

As part of its ongoing effort to empower compliance professionals throughout Canada, ACAMS will host a one-of-a-kind, fully virtual training and networking event for its 9th Annual AML & Anti-Financial Crime Conference. Beginning on November 3, attendees of this fully virtual gathering will have the opportunity to engage with their counterparts in Canada’s public and private sectors to discuss the latest regulatory developments for anti-financial crime (AFC) practitioners and learn compliance best practices for identifying and reporting money flows tied to organized transnational crime groups, ransomware syndicates, violent domestic extremists, and other illicit actors.

 

As reflected by the theme of this year’s event — “managing financial crime risks from to sea to sea” — the ACAMS Canada Virtual Conference offers a holistic look at pending regulatory requirements and emerging criminal typologies facing Canadian compliance professionals, with insight from high-level expert speakers from Finance Canada, FINTRAC, the Royal Canadian Mounted Police, Transparency International Canada, and many of the nation’s largest banks, FinTech firms and consultancy firms.

 

“Advances in technology and global events such as the COVID-19 pandemic are changing the illicit-finance threat landscape in Canada and the ability of Canadian compliance practitioners to mitigate their related regulatory risks,” said ACAMS President and Managing Director, Scott Liles. “By drawing upon the expertise of the country’s most seasoned financial-crime experts, ACAMS Canada offers a good opportunity for compliance practitioners to get ahead of the regulatory curve.”

 

“Whether you’re looking for insight on how recent amendments to the PCMLTFA will impact compliance for virtual currency and prepaid card providers, seeking guidance on risk mitigation in the rapidly growing digital banking market, or taking steps to meet money-laundering risks linked to Canada’s real estate and gaming sectors, this event is designed to give attendees practical compliance knowledge that can be implemented to protect their institutions from regulatory penalties and reputational damage,” said Liles.

 

The full program for ACAMS Canada can be found here.

About ACAMS®

ACAMS is a member of Adtalem Global Education (NYSE: ATGE), a leading workforce solutions provider headquartered in the United States. ACAMS is the largest international membership organization dedicated to enhancing the knowledge and skills of anti-money laundering (AML) and financial crime prevention professionals from a wide range of industries. Its CAMS certification is the most widely recognized AML certification among compliance professionals worldwide. Its new Certified Global Sanctions Specialist (CGSS) certification commenced in January 2020. Visit acams.org for more information.

 

About Adtalem Global Education

Adtalem Global Education (NYSE: ATGE), a leading workforce solutions provider, partners with organizations in the healthcare and financial services industries to solve critical workforce talent needs by expanding access to education, certifications and upskilling programs at scale. With a dedicated focus on driving strong outcomes that increase workforce preparedness, Adtalem empowers a diverse learner population to achieve their goals and make inspiring contributions to the global community. Adtalem is the parent organization of ACAMS, American University of the Caribbean School of Medicine, Becker Professional Education, Chamberlain University, EduPristine, OnCourse Learning, Ross University School of Medicine, Ross University School of Veterinary Medicine and Walden University. Adtalem has more than 10,000 employees, a network of nearly 275,000 alumni and serves over 82,000 members across 200 countries and territories. Adtalem was named one of America’s Most Responsible Companies 2021 by Newsweek and one of America’s Best Employers for Diversity 2021 by Forbes. Follow Adtalem on Twitter (@adtalemglobal), LinkedIn or visit adtalem.com for more information.

Hawthorn Bancshares Announces Cash Dividend 2021

Hawthorn Bancshares, Inc. (NASDAQ: HWBK) announced today that its Board of Directors approved a quarterly cash dividend of $0.15 per share, payable January 1, 2022 to shareholders of record at the close of business on December 15, 2021. The dividend payment is consistent with the previous quarterly rate.

About Hawthorn Bancshares

Hawthorn Bancshares, Inc., a financial-bank holding company headquartered in Jefferson City, Missouri, is the parent company of Hawthorn Bank of Jefferson City, Missouri with additional locations in the Missouri communities of Lee’s Summit, Liberty, St. Louis, Springfield, Independence, Columbia, Clinton, Osceola, Warsaw, Belton, Drexel, Harrisonville, California and St. Robert, Missouri.

Statements made in this press release that suggest Hawthorn Bancshares’ or management’s intentions, hopes, beliefs, expectations, or predictions of the future include “forward-looking statements” within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended. It is important to note that actual results could differ materially from those projected in such forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those projected in such forward-looking statements is contained from time to time in the Company’s quarterly and annual reports filed with the Securities and Exchange Commission.