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Christopher Rinaldi bowled his third perfect game of his Whitman career in Game 1 of his 781 series, adding games of 233 and 248 afterward to lead Whitman boys bowling to a home 26-10 win Thursday over West Islip in Suffolk I. Jose Duarte added a 657 series for Whitman. BOYS BASKETBALL Half Hollow Hills West 81, Copiague 80: Ethan Saintjean had a layup and a winning free throw with 5.1 seconds left, leading Hills West to a win in its season-opener in non-league Friday. Saintjean finished with 30 points, and Mason Reisch and Vince Corso each added 12 points. Ray Bradley scored 26 points and made a layup with 16 seconds left to give Copiague an 80-78 lead. Mount Sinai 69, Amityville 63: Dominic Pennzello had 18 points and 10 rebounds, and Brian Vales had 17 points and 12 rebounds to lead Mount Sinai in non-league. Brock Kolsch added 15 points, four rebounds and four assists. Amir Dickerson scored 34 points for Amityville. Thursday’s games Carey 50, East Rockaway 47: Kevin Colvin had 10 points with two key blocked shots in overtime to lead Carey in its non-league season opener. Antonio Buzzetta from East Rockaway hit a buzzer-beating three-pointer to force overtime. Newsday's weekly newsletter takes you on the field and inside the high school sports scene across Long Island. By clicking Sign up, you agree to our privacy policy . Babylon 46, Shoreham-Wading River 43: Jake Ostertag’s 15 points and eight rebounds helped lead Babylon to a triple overtime non-conference victory. Tyler Lieure led Shoreham-Wading River with 12 points. GIRLS BASKETBALL Farmingdale 43, Oyster Bay 34: Molly McNamara had 15 points and 14 rebounds for Farmingdale in the final of the Oyster Bay Holiday Tournament. Kaitlyn Quinn had 12 points. Ruby Seaman had five assists and five steals. Kaleigh Jones led Oyster Bay with 12 points.O’Shea stands by his plan
Sam Darnold leads game-winning drive in OT and Vikings beat Bears 30-27 after blowing late leadVictory Capital Management Inc. Acquires 17,777 Shares of Empire State Realty Trust, Inc. (NYSE:ESRT)PASADENA, Calif. , Dec. 9, 2024 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE) today announced that its Board of Directors declared a quarterly cash dividend of $1.32 per common share for the fourth quarter of 2024. The dividend is payable on January 15, 2025 to stockholders of record on December 31, 2024 . The common stock dividend for the year ending December 31, 2024 of $5.19 per common share represents an increase of 23 cents , or 5 percent, over the year ended December 31, 2023 . The dividend allows the company to share its continued high-quality, strong and increasing net cash provided by operating activities with its common stockholders while retaining a significant portion for reinvestment into its pipeline of new Class A/A+ development and redevelopment projects. For the five-year period ending December 31, 2024 , the company expects to generate for reinvestment an aggregate $2.1 billion of net cash provided by operating activities after dividends. 1 Additionally, its dividend payout ratio (quarterly common stock dividends divided by quarterly funds from operations) remains favorably low at 55 percent for the three months ended September 30, 2024. Growth in the company's net cash provided by operating activities continues to generate opportunities to increase the company's quarterly cash dividend per common share while maintaining a low FFO payout ratio. 1 Net cash provided by operating activities after dividends (i) excludes timing differences such as changes in operating assets and liabilities and (ii) includes deductions for distributions to the company's consolidated real estate joint venture partners. Amount represents the years ended December 31, 2020 through 2023 and the midpoint of the company's 2024 guidance range as provided on October 21, 2024. About Alexandria Real Estate Equities, Inc. Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500 ® company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. As the pioneer of the life science real estate niche with our founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator and developer of collaborative Megacampus TM ecosystems in AAA life science innovation cluster locations, including Greater Boston , the San Francisco Bay Area , San Diego , Seattle , Maryland , Research Triangle and New York City . For more information, please visit www.are.com . This press release includes "forward-looking statements" within the meaning of the federal securities laws. Actual results might differ materially from those projected in the forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained in the company's Annual Report on Form 10-K and other periodic reports filed with the Securities and Exchange Commission. CONTACT: Sara Kabakoff , Senior Vice President – Chief Content Officer, (626) 788-5578, skabakoff@are.com View original content to download multimedia: https://www.prnewswire.com/news-releases/alexandria-real-estate-equities-inc-declares-cash-dividend-of-1-32-per-common-share-for-4q24--an-increase-of-2-cents-over-3q24--and-an-aggregate-of-5-19-per-common-share-for-2024--an-increase-of-23-cents-or-5-percent-over-20--302326267.html SOURCE Alexandria Real Estate Equities, Inc.
Co-founder and current CEO Scott Knoll to transition to Executive Chairman NEW YORK , Dec. 9, 2024 /PRNewswire/ -- Guideline.ai , a leading provider of advertising data and planning technology, announced that Vincent Mifsud will become its new Chief Executive Officer, succeeding the company's co-founder, Scott Knoll , who will now serve as Executive Chairman. Mifsud brings decades of experience building high-performing teams and impactful technology products. Most recently, Mr. Mifsud was the Global President of Enghouse Systems Limited, a leading global B2B enterprise software company with a suite of vertically focused software products. The company grew significantly during his time at Enghouse, expanding to approximately 1,800 employees and over $350 million in revenue. Prior to joining Enghouse, he was CEO of Scribble Technologies, a leading content marketing SaaS provider, and held executive roles with high-growth companies such as Genesis, Pivotal and Rand Technologies. Mifsud's track record improving customer outcomes through technology and process improvement, along with his experience serving marketers, makes him a perfect fit to join the Guideline team for the next step of its accelerated growth journey. " Scott Knoll's founding vision for Guideline is more relevant now than ever," said Vince Mifsud . "I look forward to working with him and the talented team at Guideline to build on an exciting foundation of the world's most comprehensive and accurate media investment data and the leading media planning application used by the majority of top global advertisers." Knoll founded Guideline in 2020 to improve the media investment ecosystem through new applications of data science. This thesis led to Guideline's acquisitions of Standard Media Index and SQAD in 2022, and Lumina in 2023. Following the acquisitions, Guideline has introduced exciting innovations into the marketplace, including new insights into programmatic media investment activity and a next-generation ad planning software platform. In his role as Executive Chairman, Knoll will continue to drive the Company's integrated product vision and support its customer relationships. "Vince brings a wealth of experience helping businesses achieve their potential and is deeply aligned with our company's vision, values, and growth strategy," said Knoll. "I look forward to working with Vince in support of our customers and partners as we continue to build innovative new products and solutions for the advertising ecosystem." About Guideline Guideline, a leading provider of advertising data and planning technology, has become the world's most trusted authority on media investment and intelligence. The company was formed through the acquisitions of Standard Media Index, SQAD, and Lumina. With its market-leading media planning platform, industry-best ad market data and unrivaled customer service, Guideline effectively meets the evolving needs of today's marketing, media and investment professionals. To learn more about Guideline, visit guideline.ai or follow us on LinkedIn. View original content to download multimedia: https://www.prnewswire.com/news-releases/guideline-announces-vincent-mifsud-as-ceo-302326355.html SOURCE Guideline
In his victory speech following the official declaration of his election as president-elect, John Dramani Mahama expressed his commitment to prioritizing the needs of Ghanaians and implementing vital reforms to restore the country’s stability and progress. Mahama acknowledged the significant challenges ahead but stressed the importance of collective effort in overcoming them. “We should not forget the people of Ghana,” he said passionately, emphasizing that the road to recovery would not be easy. “The outgoing government has plunged the nation into an abyss, but we will implement the necessary governance reforms to rebuild.” Mahama called for unity and collaboration among the nation’s leaders, both newly elected and re-elected, urging them to work together for the greater good of the country. “The one we serve is Mother Ghana,” he stated, highlighting the need for an inclusive, cooperative approach to governance. The president-elect’s remarks reflected a clear focus on tackling urgent national issues, including revitalizing the economy, improving governance, and addressing ongoing social challenges. Mahama’s administration is expected to make governance reforms a priority to strengthen the political and economic systems. As Ghanaians look forward to a new chapter under Mahama’s leadership, his message of unity and determination serves as a rallying cry for all citizens to come together and work towards the nation’s future prosperity.Ghana opposition leader Mahama officially wins electionDarnold threw two touchdown passes, Jordan Addison caught eight passes for a career-high 162 yards and a touchdown, and T.J. Hockenson had 114 yards receiving for the Vikings (9-2), who remained one game behind Detroit in the rugged NFC North. Caleb Williams threw for 340 yards and two touchdowns for the Bears (4-7), who lost their fifth straight. Minnesota appeared to have the game in hand, leading 27-16 with 1:56 left after Romo kicked a 26-yard field goal. But the Bears weren’t finished. Deandre Carter made up for a muffed punt that led to a touchdown in the third quarter with a 55-yard kickoff return to the 40. Williams took it from there, capping an eight-play drive with a 1-yard touchdown pass to Keenan Allen. A 2-point conversion pass to DJ Moore made it 27-24 with 22 seconds remaining. The Bears recovered the onside kick and Williams hit Moore over the middle for a 27-yard gain to the 30 before spiking the ball. Cairo Santos made a 48-yard field goal as time expired. Chicago won the coin toss, but Williams was sacked for a 12-yard loss on second down, leading to a three-and-out. The Vikings took over at the 21, and Darnold led a 10-play drive, overcoming a sack and two penalties. Darnold connected with Hockenson for a 29-yard completion that put the ball on the 9. He took a knee and then Romo nailed the winner. AP NFL: https://apnews.com/hub/NFL
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It’s every young football player’s dream to score the game-winning touchdown in the state championship game. • Sign up for PennLive’s daily high school sports newsletter Troy running back Mason Smith lived out that fantasy Friday afternoon in the Trojans’ 25-24 win over Central Clarion in the PIAA 2A state championship. “It’s a surreal feeling,” Smith said. “My team behind me, that’s the only people I can thank.” Let’s set the scene. Clarion went on a long drive capped off by a 10-yard run from QB Jase Ferguson. With 6:27 remaining in the game, Troy stuck with what worked for them; running the football. Led by running back Brendan Gillilland, who had three scores up until this point, the Trojans methodically marched down the field taking precious minutes off the clock. Down at the Clarion 16-yard line with under two minutes remaining in the game, head coach Jim Smith dialed up what should’ve been a pitch pass. Clarion sniffed it out which led to Mason Smith taking matters into his own hands, becoming a Troy legend in the process. TOUCHDOWN | Mason Smith with the 16 yard TD run with time expiring (XP GOOD) Trojans lead 25-24 w/ 1:15 remaining in the game pic.twitter.com/o0kqMcfm0p “It was supposed to be a pitch pass,” Troy head coach Jim Smith said. “They were well prepared for it, nobody was open. He ad-libbed and he’s a great athlete and made a great play.” He only rushed for 46 yards on the day, but his longest run of the day gave the Trojans their first state championship in program history. -- Thanks for visiting PennLive. Quality local journalism has never been more important. We need your support. Not a subscriber yet? Please consider supporting our work. Follow Rymir Vaughn on X — @RymirVaughn More High School Sports Penn State flips Pa. No. 1 ranked prospect Andrew Olesh from Michigan Troy wins its first 2A football championship with stirring fourth quarter scoring drive Watch: Highlights of Troy’s PIAA 2A title win over Central Clarion 3-star 2026 wide receiver commits to Penn State, furthering a top-5 class in the nationThey seem like regular Israelis. Their profiles on Meta platforms or X are rich with content history and their Hebrew is flawless. In recent months, a new foreign influence network – likely Iranian in origin – has begun operating on social media aiming to incite division and demoralization in Israel, spread hatred toward ultra-Orthodox Jews, encourage violent protests and even promote refusal to serve in the IDF. This involves dozens of bots working in unison, making them harder than ever to identify. The " FakeReporter " organization, which investigated the network's activity, found that one of the main factors enabling these fake profiles to blend in with Israelis is the use of artificial intelligence (AI) . 6 View gallery Posts made by fake profiles on social media ( Photo: FakeReporter ) Using various AI tools, these bots communicate in perfect Hebrew, their profile pictures are modified to obscure their stolen origins and their operators easily create graphics that amplify the impact of the posts the bots promote. The goal: Dividing Israeli society The primary function of these profiles is to disseminate inciteful videos made by Hamas and Hezbollah, particularly during dramatic events such as attacks from Iran or after the dismissal of former defense minister Yoav Gallant. The content focuses on calls to end the war in Gaza, escalate protests to the point of violence, amplify public outrage over the hostage situation and heighten anger over ultra-Orthodox draft evasion . You may have encountered "Avraham Moshe" online – a profile with 2,400 followers and a profile picture of Swedish singer Maher Zain. This account is characterized by elaborate impersonation, fluent Hebrew and rich graphics. Or "Keren Ovadya," with 3,800 followers, whose profile features an image of a beating heart with Israel at its center and who intensively posts anti-Netanyahu content. 6 View gallery Fake picture made via AI ( Photo: FakeReporter ) The profile "Maya Li" changed its name to "Maya Lipschitz" after connections to fake accounts were exposed. The profile picture actually belongs to a Canadian high school student, though the posts claim the user spends significant time in Tel Aviv and occasionally confuses masculine and feminine terms. The profile picture of "Liyal Tal" is a sophisticated AI creation, altering facial features to make the original source untraceable. One of the most dangerous fake profiles uncovered operates under the name "Rebecca Elia." This account frequently changes its pictures and encourages users to join a Telegram group called "Patriotic Israelis." The group was created by a fake profile and disseminates Iranian propaganda and other inciteful content, alongside posts and comments from genuine, unsuspecting Israeli citizens. These are only a few examples. ‘The network reached hundreds of thousands of Israelis’ FakeReporter’s head Achiya Schatz explained in an interview with Ynet that: "This network has managed to reach hundreds of thousands of Israelis. It has a significant following and exposure, and some of its posts have stirred public discourse and significantly influenced conversations." 6 View gallery Inciting posts made by the network's bots ( Photo: FakeReporter ) "In one instance, a post by a fake user named 'Sara Aviram' gained massive reach after being shared by Israeli rapper and influencer 'The Shadow.' In another, an image of Netanyahu seemingly after an assassination attempt triggered reactions from right-wing influencers like Ben Assayag, making it spread further. Another example was a fake profile named 'Miriam Kozak,' which posted an AI-generated image of Netanyahu supposedly shooting a hostage. This, too, achieved wide spread reach and caused a stir online. Schatz added that the operators succeeded in their goal in all these cases: polarizing Israelis and intensifying internal hatred. Modus operandi: Infiltrating online groups According to the report, the network consists of about 60 profiles, mostly active on Facebook, which have produced over 18,000 social media posts so far. Most activity is concentrated within anti-government protest networks and campaigns for the return of Israeli hostages. Data revealed that the fake profiles' operators reached 979,000 Israelis in 89 anti-government protest groups. In 11 pro-Netanyahu groups, they reached another 121,000 Israelis. The result is grim: many of the fake messages disseminated by the network are warmly received by Israelis, shared, commented on and spark public uproar. In some cases, the fake profiles copy images and content from Israelis to amplify them. In others, they inject Iranian, Hamas and Hezbollah propaganda videos directly into Israeli discourse. 6 View gallery Inciting posts made by the network's bots ( Photo: FakeReporter ) On another front, fake profiles infiltrated 1,239 different Facebook groups for Israelis discussing various non-political topics, spanning languages like Hebrew, English, Spanish, Russian and even Amharic. FakeReporter identified a particular effort to infiltrate groups of Israelis abroad – 52 groups with over 1.2 million users. Schatz speculated that this might aim to gather information about these Israelis’ activities and behaviors, potentially for planning terror attacks. "People lower their defenses in such groups, feeling they’re in a private setting, making it easier to form connections and gather information," he explained. The fake personas created by this network have reached a masterful level. AI-generated alterations to photos make it nearly impossible to trace their origins. The operators use Israeli names for their bots, alter dates to fabricate history for their fake profiles and post content on varied topics like food or art to craft an authentic image. Schatz warned that the use of AI makes foreign influence much more dangerous: "AI has elevated foreign networks’ abilities – the fake profiles are more credible, the Hebrew is better and the content is more professional. 6 View gallery Post by fake profile ( Photo: FakeReporter ) “There's also an unprecedented amount of information – texts, images, posters and videos. Their ability to connect with Israelis has also increased alarmingly. They can train AI to engage with Israelis intimately, convincing and influencing them," he said. Schatz said that the identities of the network’s operators remain unknown, but there are hints about their origins. For instance, their promotion of Hamas and Hezbollah content or the appearance of a reversed question mark, commonly used in Persian. "It’s unclear whether they’re Iranians or their allies, but this is a foreign network linked to others we've identified in the past and deemed foreign by security bodies," he claimed. Social media platforms’ negligence Despite all this, it’s astonishing to discover that most of the fake profiles remain active, continuing to incite and divide Israelis. "This wouldn’t be happening if not for the platforms’ negligence,” Schatz said. “If they invested 10% of their profits into protecting us, things would look very different. The state, too, is obligated to protect its citizens online. Until that happens, civil organizations like ours are stepping in to help," he explained. 6 View gallery Iran's Supreme Leader Ali Khamenei ( Photo: AP ) Get the Ynetnews app on your smartphone: Google Play : https://bit.ly/4eJ37pE | Apple App Store : https://bit.ly/3ZL7iNv To prevent more citizens from falling prey to these fake profiles, FakeReporter published a guide titled "How Not to Become an Iranian Agent." Its tips include: paying attention to language, gender and grammatical errors; examining the profile's history for signs of family or friends; and being cautious if the profile reaches out with offers or requests. Meta has yet to respond to the publication of this report. >
Caprock Group LLC lowered its holdings in shares of Datadog, Inc. ( NASDAQ:DDOG – Free Report ) by 3.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,983 shares of the company’s stock after selling 124 shares during the quarter. Caprock Group LLC’s holdings in Datadog were worth $458,000 as of its most recent SEC filing. Several other hedge funds also recently bought and sold shares of DDOG. SouthState Corp bought a new stake in shares of Datadog during the second quarter valued at approximately $26,000. Blue Trust Inc. purchased a new position in Datadog during the 2nd quarter worth $37,000. EverSource Wealth Advisors LLC raised its position in Datadog by 70.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 308 shares of the company’s stock valued at $39,000 after purchasing an additional 127 shares in the last quarter. American National Bank & Trust purchased a new stake in shares of Datadog in the 3rd quarter worth $39,000. Finally, Versant Capital Management Inc grew its position in shares of Datadog by 216.5% during the 2nd quarter. Versant Capital Management Inc now owns 307 shares of the company’s stock worth $40,000 after buying an additional 210 shares in the last quarter. Institutional investors own 78.29% of the company’s stock. Datadog Trading Up 7.6 % DDOG opened at $154.83 on Friday. Datadog, Inc. has a 12-month low of $98.80 and a 12-month high of $155.42. The firm has a 50 day moving average of $124.21 and a two-hundred day moving average of $120.03. The firm has a market capitalization of $52.60 billion, a PE ratio of 292.14, a P/E/G ratio of 18.83 and a beta of 1.10. Wall Street Analysts Forecast Growth Check Out Our Latest Stock Report on Datadog Insider Transactions at Datadog In related news, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $129.33, for a total transaction of $16,438,489.65. Following the sale, the chief technology officer now directly owns 336,165 shares of the company’s stock, valued at $43,476,219.45. This trade represents a 27.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink . Also, President Amit Agarwal sold 150,000 shares of Datadog stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $126.03, for a total value of $18,904,500.00. Following the transaction, the president now owns 214,275 shares of the company’s stock, valued at approximately $27,005,078.25. This represents a 41.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders have sold 541,491 shares of company stock worth $68,927,496 over the last 90 days. 11.78% of the stock is currently owned by company insiders. Datadog Company Profile ( Free Report ) Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility. Read More Receive News & Ratings for Datadog Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Datadog and related companies with MarketBeat.com's FREE daily email newsletter .
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Firefighters responded to Destiny USA in the afternoon for reports of smoke at Finish Line. Greta Stuckey Greta Stuckey | gstuckey@syracuse.com Syracuse, N.Y. — Syracuse firefighters responded to the Destiny USA mall Monday afternoon after smoke was reported in a store. The smoke was reported at 1:47 p.m. at the Finish Line store in the mall at Hiawatha Boulevard and Harborside Drive. Once firefighters arrived, they found a smoke odor in the stock room of the store, said Syracuse City Fire Capt. Phillip Vogt, a spokesperson for the fire department. The smoke came from a heater in the stock room, Vogt said. The store was evacuated while firefighters investigated the smoke. The rest of the mall remained open to the public. No injuries were reported. The store later reopened to the public. Crime and public safety articles Grand jury to hear testimony about Syracuse judge’s refusal to marry same-sex couple Update: Missing person alert issued for man with dementia last seen in Herkimer County canceled Train, tractor trailer collide in East Syracuse, damages truck Onondaga County needs new approach to fighting juvenile crime (Editorial Board Opinion) Early morning fire damages multi-family home in Oswego, displaces 4 people Staff writer Greta Stuckey covers breaking news. Have a tip, a story idea, a question or a comment? You can reach her at gstuckey@syracuse.com ./NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES ./ The prospectus supplement, the corresponding base shelf prospectus and any amendment thereto in connection with the financing will be accessible through SEDAR+ within two business days CALGARY, AB , Dec. 9, 2024 /CNW/ - Freehold Royalties Ltd. (Freehold or the Company) FRU has entered into a definitive agreement with a private seller to acquire mineral title and royalty interests in the core of the Midland Basin in Texas (the Acquisition or the Acquired Assets) for approximately $216 million, net of estimates for exchange rate and customary closing adjustments. Acquisition Snapshot 1,250 – 1,350 boe/d of premium priced, light oil weighted production (~800 bbls/d oil) Approximately $31 million in 2025E net royalty revenue (net of production and ad valorem taxes and assuming US$70 /bbl WTI) ~244,000 gross drilling acres, expanding our core, resource rich Midland Basin footprint by ~35% Highly undeveloped asset with ~25% of lands not having any horizontal drilling activity to date ~95% of production operated by Midland Basin focused ExxonMobil and Diamondback Energy 16 rigs currently active on the Acquired Assets Positions Freehold's royalty lands to capture one in every three rigs active in the Midland Basin (almost doubling from one in every six rigs prior to the Acquisition) "This acquisition is a successful reflection of our disciplined approach to strategic M&A, in an area we know well and further builds on the two core Midland Basin acquisitions we closed earlier this year. This fits precisely with our strategy of positioning our royalty portfolio in areas with best-in-class oil weighted reservoirs that have significant development runway under high quality operators. This transaction expands our footprint, right in the heart of the Midland Basin under ExxonMobil and Diamondback, two operators who recently completed a combined ~US$90 billion of acquisitions to increase their stakes in this extensive resource play" said David Spyker , Freehold's President and Chief Executive Officer. "This type of accretive deal with land and inventory depth, provides both growth and value to the Company and our shareholders immediately and is expected to for years to come." Freehold will fund the Acquisition, which is expected to close December 13, 2024 , through a $125.1 million bought deal equity financing (the Equity Financing) and Freehold's existing credit facilities. Acquisition Highlights Immediately adds significant production and a deep prospective multi-bench development inventory Freehold estimates 2025E production from the Acquired Assets to be 1,250 – 1,350 boe/d (approximately 61% light oil, 20% natural gas liquids and 19% natural gas) representing approximately $31 million in 2025E net royalty revenue (net of production and ad valorem taxes) based on US$70 /bbl WTI, with limited tax burden in the near term Pro forma, almost doubles the share of drilling activity in the Midland Basin on Freehold's royalty lands to one in every three wells drilled Adds 0.8 net drilled and uncompleted wells (DUCs) and permits, increasing Freehold's line of sight total U.S. inventory by over 20% to 4.4 net activity wells More than 25% of the lands are characterized as undeveloped with no prior horizontal drilling activity. These lands are positioned to benefit from the most current drilling and frac stimulation methods as well as "cube development" that operators in the Midland Basin are prioritizing to maximize productivity and reserve recovery Increases Freehold's exposure to premium priced, oil weighted production from the Midland Basin 61% oil weighting vs 51% on Freehold's current total production base (Q1 – Q3 2024 average) 22% higher realized pricing from the Acquired Assets ( $68.83 /boe vs $56.34 /boe Q1-Q3 2024 from Freehold's current corporate asset base) Enhances Freehold's alignment with investment grade operators with approximately 95% of current production from the Acquired Assets operated by ExxonMobil and Diamondback Energy ~244,000 gross drilling acres (including ~74,000 gross drilling acres that overlap with existing Freehold acreage) in the Midland Basin, increasing Freehold's Midland Basin acreage by approximately 35% Approximately 85% of acreage is concentrated in the core of the Midland Basin in Martin and Midland counties, where over 50% of total drilling activity in the Midland Basin since 2022 has been concentrated Provides immediate and expected increasing future accretion on funds flow per share, free cash flow per share and total production and oil production per share Pro forma net debt to trailing 12 months funds from operations of 1.1x is below Freehold's 1.5x leverage threshold Allows Freehold to continue to execute a consistent, sustainable return of capital program which balances dividend growth and accretive acquisition opportunities while maintaining a strong balance sheet Promptly following the closing of the Acquisition, Freehold is expecting that its senior credit facility will increase from $400 million to $450 million , maintaining its strong liquidity position post-Acquisition Freehold has an option to acquire up to an additional $65 million interest in the Acquired Assets, on the same terms and conditions, up until the closing of the Acquisition Strategic Rationale The Acquisition represents continued execution of our strategy to acquire mineral title and royalty interests in premier oil weighted basins across North America under best-in class operators. As Freehold has evolved over the last five years into a North American royalty company, the Midland Basin has become a core area for Freehold given the stacked-pay associated with multiple resource rich reservoir benches, robust drilling economics, and highly qualified, investment grade companies operating on our lands. The Midland Basin now comprises approximately 50% of Freehold's pro forma U.S. production and ~20% of pro forma corporate production. ExxonMobil will be Freehold's second largest corporate payor at approximately 13% of pro forma revenue, with ConocoPhillips at approximately 17% of pro forma revenue. Pro forma, Freehold's revenue is balanced between Canada and the U.S. and our pro forma production is weighted approximately 59% in Canada and 41% in the U.S. Notes to Figure 2 Undeveloped Acquired Assets Land represents areas where there has been no horizontal well development to date on a drill spacing unit (DSU); Partially Developed means less than half of the expected total prospective development inventory on the DSU has been developed with horizontal wells; Developed means over half of the expected total prospective development inventory on the DSU has been developed with horizontal wells. Acquisition Details Promptly following the execution of the Acquisition purchase and sale agreement, Freehold has paid a deposit of approximately $11 million to be held in escrow until closing of the Acquisition. If the Acquisition does not close as a result of a breach of the Acquisition terms by the seller, Freehold is entitled to recover the deposit in addition to a break fee from the seller. The Acquisition terms also contain customary representations, warranties, covenants and conditions. Closing is expected to occur on December 13 , 2024. Freehold has an option to acquire up to an additional $65 million interest in the Acquired Assets, on the same terms and conditions, up until the closing of the Acquisition. The effective date of the Acquisition is December 1, 2024 . In contemplation of the Acquisition, Freehold requested and received commitments from its syndicate of banks sufficient to increase its bank credit facilities by $50 million to $450 million with the accordion feature in such credit facilities conditional on closing of the Acquisition; however, Freehold does not require the additional available funds from the credit facilities increase to fund the purchase price of the Acquisition. The increase under the credit facilities will be subject to execution of definitive documentation by Freehold and its lenders consenting to such increase. 2025E Guidance Timing Freehold plans to provide 2025E guidance estimates in connection with its year-end 2024 results on March 12, 2025 following the 2025 capital development plan announcements by Freehold's strategic royalty payors. Acquisition Financing Freehold has entered into an agreement with a syndicate of underwriters co-led by RBC Capital Markets, CIBC Capital Markets and TD Securities Inc. (the Underwriters), pursuant to which the Underwriters have agreed to purchase for resale to the public, on a bought-deal basis, 9.62 million common shares (Common Shares) of Freehold at a price of $13 .00 per Common Share for gross proceeds of approximately $125.1 million . The Underwriters will have an option to purchase up to an additional 15% of the Common Shares issued under the Equity Financing at a price of $13.00 per Common Share to cover over-allotments and for market stabilization purposes exercisable in whole or in part at any time until 30 days after closing of the Equity Financing. Completion of the Equity Financing is subject to customary closing conditions, including the receipt of all necessary regulatory approvals, including the approval of the Toronto Stock Exchange. Closing of the Equity Financing is expected to occur on December 13 , 2024. Closing of the Equity Financing is not conditional on the closing of the Acquisition. In the event that the Acquisition does not close, the net proceeds from the Equity Financing will be used to fund general corporate purposes including repayment of amounts outstanding under the Company's credit facilities. The Common Shares issued pursuant to the Equity Financing will be distributed by way of a prospectus supplement (the Prospectus Supplement) to the short form base shelf prospectus of the Company dated November 13, 2023 (together with the Prospectus Supplement, the Prospectus) and may also be offered and sold in the United States pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended (the U.S. Securities Act). The Common Shares have not been and will not be registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account of benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. No securities regulatory authority has either approved or disapproved of the contents of this news release. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. Access to the Prospectus, and any amendments to the documents are provided in accordance with securities legislation relating to procedures for providing access to a base shelf prospectus, a prospectus supplement and any amendment to the documents. The Prospectus will be (within two business days from the date hereof), accessible on SEDAR+ at www.sedarplus.ca . An electronic or paper copy of the Prospectus (when filed), and any amendment to the documents may be obtained, without charge, from RBC Capital Markets by e-mail at Distribution.RBCDS@rbccm.com , from CIBC Capital Markets by e-mail at mailbox.canadianprospectus@cibc.com or from TD Securities Inc. by e-mail at sdcconfirms@td.com . The Prospectus will contain important detailed information about the Company and the proposed Offering. Prospective investors should read the Prospectus (when filed) and the other documents the Company has filed on SEDAR+ before making an investment decision. Freehold is uniquely positioned as a leading North American energy royalty company with approximately 6.1 million gross acres in Canada and approximately 1.1 million gross drilling acres in the United States . Freehold's common shares trade on the Toronto Stock Exchange in Canada under the symbol FRU. Forward-Looking Statements This news release offers our assessment of Freehold's future plans and operations as at December 9, 2024 and contains forward-looking information including, without limitation, forward-looking information with regards to the expected terms and conditions of the Acquisition; the expected timing for closing of the Acquisition; the expected attributes and benefits to be derived by Freehold pursuant to the Acquisition; the expected 2025 production from the Acquired Assets including the commodity weighting thereof; expected 2025 royalty revenue from the Acquired Assets; the expectation that there will be limited tax burden in the near term associated with the Acquired Assets; the expectation that Freehold's royalty lands to capture one in every three rigs active in the Midland Basin; the expectation that the Acquired Assets have a significant development runway under high quality operators; the net DUCs and permits associated with the Acquired Assets; the expectation that more than 25% of the lands associated with the Acquired Assets are characterized as undeveloped with no prior horizontal drilling activity; the expectation that lands associated with the Acquired Assets are positioned to benefit from the most current drilling and frac stimulation methods as well as "cube development" that operators in the Midland Basin are prioritizing to maximize productivity and reserve recovery; the expectation that the Acquisition will increase Freehold's exposure to premium priced, oil weighted production from the Midland Basin; the expectation that together with the Equity Financing, Freehold estimates that the Acquisition provides immediate and increasing future accretion on funds flow per share, free cash flow per share and total production and oil production per share; the expectation that the Acquisition together with the Equity Financing will allow Freehold to continue to execute a consistent, sustainable return of capital program which balances dividend growth and accretive acquisition opportunities while maintaining a strong balance sheet; Freehold's forecast pro forma net debt to trailing 12 months funds from operations of 1.1x being below Freehold's 1.5x leverage threshold after giving effect to the Acquisition and the Equity Financing; Freehold's plan to provide 2025E guidance estimates in connection with its year-end 2024 results on March 12, 2025 following the 2025 capital development plan announcements by Freehold's strategic royalty payors; the expected terms of the Equity Financing; the expected use of proceeds from the Equity Financing; the expected timing of closing the Equity Financing; and the expected increase to Freehold's credit facilities which is expected to provide Freehold with a strong liquidity position. This forward-looking information is provided to allow readers to better understand our business and prospects and may not be suitable for other purposes. By its nature, forward-looking information is subject to numerous risks and uncertainties, some of which are beyond our control, including the demand for oil and natural gas, general economic conditions, industry conditions, the impact of the Russia - Ukraine war and the Israel-Hamas-Hezbollah conflict on the global economy and commodity prices, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, royalties, environmental risks, taxation, regulation, changes in tax or other legislation, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility, our ability to access sufficient capital from internal and external sources. The closing of the Acquisition, and/or Equity Financing could be delayed if Freehold or the other parties are not able to obtain the necessary regulatory and stock exchange approvals on the timelines anticipated. The Acquisition and/or Equity Financing may not be completed if these approvals are not obtained. The closing of the Acquisition may not be completed if some other condition to the closing of the Acquisition is not satisfied. Accordingly, there is a risk that the Acquisition, Equity Financing will not be completed within the anticipated time or at all. In addition, the Equity Financing is not conditional on the closing of the Acquisition and as such the proceeds from the Equity Financing may be used for purposes other than the payment of the purchase price pursuant to the Acquisition. Risks are described in more detail in Freehold's annual information form for the year ended December 31, 2023 which is available under Freehold's profile on SEDAR+ at www.sedarplus.ca . With respect to forward looking information contained in this press release including relating to the 2025 forecast production and 2025 royalty revenue from the Acquired Assets, we have made assumptions regarding, among other things; future oil and natural gas prices (for the purposes of the estimates in this press release we have assumed a West Texas Intermediate price of US$70 /barrel of oil and a NYMEX natural gas price of US$3.30 /MMbtu); future exchange rates (for the purposes of the estimates in this press release we have assumed an exchange rate of US$1.00 for every CDN$1.40 ); that drilled uncompleted wells will be completed in the short term and brought on production; that wells that have been permitted will be drilled and completed within a customary timeframe; expectations as to additional wells to be permitted, drilled, completed and brought on production in 2024 and 2025 based on Freehold's review of the geology and economics of the plays associated with the Acquired Assets; expected production performance of wells to be drilled and/or brought on production in 2024 and 2025; the ability of our royalty payors to obtain equipment in a timely manner to carry out development activities; the ability and willingness of royalty payors to fund development activities relating to the Acquired Assets; and such other assumptions as are identified herein. You are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward looking information. We can give no assurance that any of the events anticipated will transpire or occur, or if any of them do, what benefits we will derive from them. The forward-looking information contained herein is expressly qualified by this cautionary statement. To the extent any guidance or forward-looking statements herein constitute a financial outlook, they are included herein to provide readers with an understanding of management's plans and assumptions for budgeting purposes and readers are cautioned that the information may not be appropriate for other purposes. Our policy for updating forward-looking statements is to update our key operating assumptions quarterly and, except as required by law, we do not undertake to update any other forward-looking statements. You are further cautioned that the preparation of financial statements in accordance with International Financial Reporting Standards requires management to make certain judgments and estimates that affect the reported amounts of assets, liabilities, revenues, and expenses. These estimates may change, having either a positive or negative effect on net income, as further information becomes available and as the economic environment changes. Currency All references in this press release to dollar amounts are to Canadian dollars unless otherwise indicated. Conversion of Natural Gas to Barrels of Oil Equivalent (BOE) To provide a single unit of production for analytical purposes, natural gas production and reserves volumes are converted mathematically to equivalent barrels of oil (boe). We use the industry-accepted standard conversion of six thousand cubic feet of natural gas to one barrel of oil (6 Mcf = 1 bbl). The 6:1 boe ratio is based on an energy equivalency conversion method primarily applicable at the burner tip. It does not represent a value equivalency at the wellhead and is not based on either energy content or current prices. While the boe ratio is useful for comparative measures and observing trends, it does not accurately reflect individual product values and might be misleading, particularly if used in isolation. As well, given that the value ratio, based on the current price of crude oil to natural gas, is significantly different from the 6:1 energy equivalency ratio, using a 6:1 conversion ratio may be misleading as an indication of value. SOURCE Freehold Royalties Ltd. View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2024/09/c7444.html © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Christopher Rinaldi bowled his third perfect game of his Whitman career in Game 1 of his 781 series, adding games of 233 and 248 afterward to lead Whitman boys bowling to a home 26-10 win Thursday over West Islip in Suffolk I. Jose Duarte added a 657 series for Whitman. BOYS BASKETBALL Half Hollow Hills West 81, Copiague 80: Ethan Saintjean had a layup and a winning free throw with 5.1 seconds left, leading Hills West to a win in its season-opener in non-league Friday. Saintjean finished with 30 points, and Mason Reisch and Vince Corso each added 12 points. Ray Bradley scored 26 points and made a layup with 16 seconds left to give Copiague an 80-78 lead. Mount Sinai 69, Amityville 63: Dominic Pennzello had 18 points and 10 rebounds, and Brian Vales had 17 points and 12 rebounds to lead Mount Sinai in non-league. Brock Kolsch added 15 points, four rebounds and four assists. Amir Dickerson scored 34 points for Amityville. Thursday’s games Carey 50, East Rockaway 47: Kevin Colvin had 10 points with two key blocked shots in overtime to lead Carey in its non-league season opener. Antonio Buzzetta from East Rockaway hit a buzzer-beating three-pointer to force overtime. Newsday's weekly newsletter takes you on the field and inside the high school sports scene across Long Island. By clicking Sign up, you agree to our privacy policy . Babylon 46, Shoreham-Wading River 43: Jake Ostertag’s 15 points and eight rebounds helped lead Babylon to a triple overtime non-conference victory. Tyler Lieure led Shoreham-Wading River with 12 points. GIRLS BASKETBALL Farmingdale 43, Oyster Bay 34: Molly McNamara had 15 points and 14 rebounds for Farmingdale in the final of the Oyster Bay Holiday Tournament. Kaitlyn Quinn had 12 points. Ruby Seaman had five assists and five steals. Kaleigh Jones led Oyster Bay with 12 points.O’Shea stands by his plan
Sam Darnold leads game-winning drive in OT and Vikings beat Bears 30-27 after blowing late leadVictory Capital Management Inc. Acquires 17,777 Shares of Empire State Realty Trust, Inc. (NYSE:ESRT)PASADENA, Calif. , Dec. 9, 2024 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE) today announced that its Board of Directors declared a quarterly cash dividend of $1.32 per common share for the fourth quarter of 2024. The dividend is payable on January 15, 2025 to stockholders of record on December 31, 2024 . The common stock dividend for the year ending December 31, 2024 of $5.19 per common share represents an increase of 23 cents , or 5 percent, over the year ended December 31, 2023 . The dividend allows the company to share its continued high-quality, strong and increasing net cash provided by operating activities with its common stockholders while retaining a significant portion for reinvestment into its pipeline of new Class A/A+ development and redevelopment projects. For the five-year period ending December 31, 2024 , the company expects to generate for reinvestment an aggregate $2.1 billion of net cash provided by operating activities after dividends. 1 Additionally, its dividend payout ratio (quarterly common stock dividends divided by quarterly funds from operations) remains favorably low at 55 percent for the three months ended September 30, 2024. Growth in the company's net cash provided by operating activities continues to generate opportunities to increase the company's quarterly cash dividend per common share while maintaining a low FFO payout ratio. 1 Net cash provided by operating activities after dividends (i) excludes timing differences such as changes in operating assets and liabilities and (ii) includes deductions for distributions to the company's consolidated real estate joint venture partners. Amount represents the years ended December 31, 2020 through 2023 and the midpoint of the company's 2024 guidance range as provided on October 21, 2024. About Alexandria Real Estate Equities, Inc. Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500 ® company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. As the pioneer of the life science real estate niche with our founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator and developer of collaborative Megacampus TM ecosystems in AAA life science innovation cluster locations, including Greater Boston , the San Francisco Bay Area , San Diego , Seattle , Maryland , Research Triangle and New York City . For more information, please visit www.are.com . This press release includes "forward-looking statements" within the meaning of the federal securities laws. Actual results might differ materially from those projected in the forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained in the company's Annual Report on Form 10-K and other periodic reports filed with the Securities and Exchange Commission. CONTACT: Sara Kabakoff , Senior Vice President – Chief Content Officer, (626) 788-5578, skabakoff@are.com View original content to download multimedia: https://www.prnewswire.com/news-releases/alexandria-real-estate-equities-inc-declares-cash-dividend-of-1-32-per-common-share-for-4q24--an-increase-of-2-cents-over-3q24--and-an-aggregate-of-5-19-per-common-share-for-2024--an-increase-of-23-cents-or-5-percent-over-20--302326267.html SOURCE Alexandria Real Estate Equities, Inc.
Co-founder and current CEO Scott Knoll to transition to Executive Chairman NEW YORK , Dec. 9, 2024 /PRNewswire/ -- Guideline.ai , a leading provider of advertising data and planning technology, announced that Vincent Mifsud will become its new Chief Executive Officer, succeeding the company's co-founder, Scott Knoll , who will now serve as Executive Chairman. Mifsud brings decades of experience building high-performing teams and impactful technology products. Most recently, Mr. Mifsud was the Global President of Enghouse Systems Limited, a leading global B2B enterprise software company with a suite of vertically focused software products. The company grew significantly during his time at Enghouse, expanding to approximately 1,800 employees and over $350 million in revenue. Prior to joining Enghouse, he was CEO of Scribble Technologies, a leading content marketing SaaS provider, and held executive roles with high-growth companies such as Genesis, Pivotal and Rand Technologies. Mifsud's track record improving customer outcomes through technology and process improvement, along with his experience serving marketers, makes him a perfect fit to join the Guideline team for the next step of its accelerated growth journey. " Scott Knoll's founding vision for Guideline is more relevant now than ever," said Vince Mifsud . "I look forward to working with him and the talented team at Guideline to build on an exciting foundation of the world's most comprehensive and accurate media investment data and the leading media planning application used by the majority of top global advertisers." Knoll founded Guideline in 2020 to improve the media investment ecosystem through new applications of data science. This thesis led to Guideline's acquisitions of Standard Media Index and SQAD in 2022, and Lumina in 2023. Following the acquisitions, Guideline has introduced exciting innovations into the marketplace, including new insights into programmatic media investment activity and a next-generation ad planning software platform. In his role as Executive Chairman, Knoll will continue to drive the Company's integrated product vision and support its customer relationships. "Vince brings a wealth of experience helping businesses achieve their potential and is deeply aligned with our company's vision, values, and growth strategy," said Knoll. "I look forward to working with Vince in support of our customers and partners as we continue to build innovative new products and solutions for the advertising ecosystem." About Guideline Guideline, a leading provider of advertising data and planning technology, has become the world's most trusted authority on media investment and intelligence. The company was formed through the acquisitions of Standard Media Index, SQAD, and Lumina. With its market-leading media planning platform, industry-best ad market data and unrivaled customer service, Guideline effectively meets the evolving needs of today's marketing, media and investment professionals. To learn more about Guideline, visit guideline.ai or follow us on LinkedIn. View original content to download multimedia: https://www.prnewswire.com/news-releases/guideline-announces-vincent-mifsud-as-ceo-302326355.html SOURCE Guideline
In his victory speech following the official declaration of his election as president-elect, John Dramani Mahama expressed his commitment to prioritizing the needs of Ghanaians and implementing vital reforms to restore the country’s stability and progress. Mahama acknowledged the significant challenges ahead but stressed the importance of collective effort in overcoming them. “We should not forget the people of Ghana,” he said passionately, emphasizing that the road to recovery would not be easy. “The outgoing government has plunged the nation into an abyss, but we will implement the necessary governance reforms to rebuild.” Mahama called for unity and collaboration among the nation’s leaders, both newly elected and re-elected, urging them to work together for the greater good of the country. “The one we serve is Mother Ghana,” he stated, highlighting the need for an inclusive, cooperative approach to governance. The president-elect’s remarks reflected a clear focus on tackling urgent national issues, including revitalizing the economy, improving governance, and addressing ongoing social challenges. Mahama’s administration is expected to make governance reforms a priority to strengthen the political and economic systems. As Ghanaians look forward to a new chapter under Mahama’s leadership, his message of unity and determination serves as a rallying cry for all citizens to come together and work towards the nation’s future prosperity.Ghana opposition leader Mahama officially wins electionDarnold threw two touchdown passes, Jordan Addison caught eight passes for a career-high 162 yards and a touchdown, and T.J. Hockenson had 114 yards receiving for the Vikings (9-2), who remained one game behind Detroit in the rugged NFC North. Caleb Williams threw for 340 yards and two touchdowns for the Bears (4-7), who lost their fifth straight. Minnesota appeared to have the game in hand, leading 27-16 with 1:56 left after Romo kicked a 26-yard field goal. But the Bears weren’t finished. Deandre Carter made up for a muffed punt that led to a touchdown in the third quarter with a 55-yard kickoff return to the 40. Williams took it from there, capping an eight-play drive with a 1-yard touchdown pass to Keenan Allen. A 2-point conversion pass to DJ Moore made it 27-24 with 22 seconds remaining. The Bears recovered the onside kick and Williams hit Moore over the middle for a 27-yard gain to the 30 before spiking the ball. Cairo Santos made a 48-yard field goal as time expired. Chicago won the coin toss, but Williams was sacked for a 12-yard loss on second down, leading to a three-and-out. The Vikings took over at the 21, and Darnold led a 10-play drive, overcoming a sack and two penalties. Darnold connected with Hockenson for a 29-yard completion that put the ball on the 9. He took a knee and then Romo nailed the winner. AP NFL: https://apnews.com/hub/NFL
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It’s every young football player’s dream to score the game-winning touchdown in the state championship game. • Sign up for PennLive’s daily high school sports newsletter Troy running back Mason Smith lived out that fantasy Friday afternoon in the Trojans’ 25-24 win over Central Clarion in the PIAA 2A state championship. “It’s a surreal feeling,” Smith said. “My team behind me, that’s the only people I can thank.” Let’s set the scene. Clarion went on a long drive capped off by a 10-yard run from QB Jase Ferguson. With 6:27 remaining in the game, Troy stuck with what worked for them; running the football. Led by running back Brendan Gillilland, who had three scores up until this point, the Trojans methodically marched down the field taking precious minutes off the clock. Down at the Clarion 16-yard line with under two minutes remaining in the game, head coach Jim Smith dialed up what should’ve been a pitch pass. Clarion sniffed it out which led to Mason Smith taking matters into his own hands, becoming a Troy legend in the process. TOUCHDOWN | Mason Smith with the 16 yard TD run with time expiring (XP GOOD) Trojans lead 25-24 w/ 1:15 remaining in the game pic.twitter.com/o0kqMcfm0p “It was supposed to be a pitch pass,” Troy head coach Jim Smith said. “They were well prepared for it, nobody was open. He ad-libbed and he’s a great athlete and made a great play.” He only rushed for 46 yards on the day, but his longest run of the day gave the Trojans their first state championship in program history. -- Thanks for visiting PennLive. Quality local journalism has never been more important. We need your support. Not a subscriber yet? Please consider supporting our work. Follow Rymir Vaughn on X — @RymirVaughn More High School Sports Penn State flips Pa. No. 1 ranked prospect Andrew Olesh from Michigan Troy wins its first 2A football championship with stirring fourth quarter scoring drive Watch: Highlights of Troy’s PIAA 2A title win over Central Clarion 3-star 2026 wide receiver commits to Penn State, furthering a top-5 class in the nationThey seem like regular Israelis. Their profiles on Meta platforms or X are rich with content history and their Hebrew is flawless. In recent months, a new foreign influence network – likely Iranian in origin – has begun operating on social media aiming to incite division and demoralization in Israel, spread hatred toward ultra-Orthodox Jews, encourage violent protests and even promote refusal to serve in the IDF. This involves dozens of bots working in unison, making them harder than ever to identify. The " FakeReporter " organization, which investigated the network's activity, found that one of the main factors enabling these fake profiles to blend in with Israelis is the use of artificial intelligence (AI) . 6 View gallery Posts made by fake profiles on social media ( Photo: FakeReporter ) Using various AI tools, these bots communicate in perfect Hebrew, their profile pictures are modified to obscure their stolen origins and their operators easily create graphics that amplify the impact of the posts the bots promote. The goal: Dividing Israeli society The primary function of these profiles is to disseminate inciteful videos made by Hamas and Hezbollah, particularly during dramatic events such as attacks from Iran or after the dismissal of former defense minister Yoav Gallant. The content focuses on calls to end the war in Gaza, escalate protests to the point of violence, amplify public outrage over the hostage situation and heighten anger over ultra-Orthodox draft evasion . You may have encountered "Avraham Moshe" online – a profile with 2,400 followers and a profile picture of Swedish singer Maher Zain. This account is characterized by elaborate impersonation, fluent Hebrew and rich graphics. Or "Keren Ovadya," with 3,800 followers, whose profile features an image of a beating heart with Israel at its center and who intensively posts anti-Netanyahu content. 6 View gallery Fake picture made via AI ( Photo: FakeReporter ) The profile "Maya Li" changed its name to "Maya Lipschitz" after connections to fake accounts were exposed. The profile picture actually belongs to a Canadian high school student, though the posts claim the user spends significant time in Tel Aviv and occasionally confuses masculine and feminine terms. The profile picture of "Liyal Tal" is a sophisticated AI creation, altering facial features to make the original source untraceable. One of the most dangerous fake profiles uncovered operates under the name "Rebecca Elia." This account frequently changes its pictures and encourages users to join a Telegram group called "Patriotic Israelis." The group was created by a fake profile and disseminates Iranian propaganda and other inciteful content, alongside posts and comments from genuine, unsuspecting Israeli citizens. These are only a few examples. ‘The network reached hundreds of thousands of Israelis’ FakeReporter’s head Achiya Schatz explained in an interview with Ynet that: "This network has managed to reach hundreds of thousands of Israelis. It has a significant following and exposure, and some of its posts have stirred public discourse and significantly influenced conversations." 6 View gallery Inciting posts made by the network's bots ( Photo: FakeReporter ) "In one instance, a post by a fake user named 'Sara Aviram' gained massive reach after being shared by Israeli rapper and influencer 'The Shadow.' In another, an image of Netanyahu seemingly after an assassination attempt triggered reactions from right-wing influencers like Ben Assayag, making it spread further. Another example was a fake profile named 'Miriam Kozak,' which posted an AI-generated image of Netanyahu supposedly shooting a hostage. This, too, achieved wide spread reach and caused a stir online. Schatz added that the operators succeeded in their goal in all these cases: polarizing Israelis and intensifying internal hatred. Modus operandi: Infiltrating online groups According to the report, the network consists of about 60 profiles, mostly active on Facebook, which have produced over 18,000 social media posts so far. Most activity is concentrated within anti-government protest networks and campaigns for the return of Israeli hostages. Data revealed that the fake profiles' operators reached 979,000 Israelis in 89 anti-government protest groups. In 11 pro-Netanyahu groups, they reached another 121,000 Israelis. The result is grim: many of the fake messages disseminated by the network are warmly received by Israelis, shared, commented on and spark public uproar. In some cases, the fake profiles copy images and content from Israelis to amplify them. In others, they inject Iranian, Hamas and Hezbollah propaganda videos directly into Israeli discourse. 6 View gallery Inciting posts made by the network's bots ( Photo: FakeReporter ) On another front, fake profiles infiltrated 1,239 different Facebook groups for Israelis discussing various non-political topics, spanning languages like Hebrew, English, Spanish, Russian and even Amharic. FakeReporter identified a particular effort to infiltrate groups of Israelis abroad – 52 groups with over 1.2 million users. Schatz speculated that this might aim to gather information about these Israelis’ activities and behaviors, potentially for planning terror attacks. "People lower their defenses in such groups, feeling they’re in a private setting, making it easier to form connections and gather information," he explained. The fake personas created by this network have reached a masterful level. AI-generated alterations to photos make it nearly impossible to trace their origins. The operators use Israeli names for their bots, alter dates to fabricate history for their fake profiles and post content on varied topics like food or art to craft an authentic image. Schatz warned that the use of AI makes foreign influence much more dangerous: "AI has elevated foreign networks’ abilities – the fake profiles are more credible, the Hebrew is better and the content is more professional. 6 View gallery Post by fake profile ( Photo: FakeReporter ) “There's also an unprecedented amount of information – texts, images, posters and videos. Their ability to connect with Israelis has also increased alarmingly. They can train AI to engage with Israelis intimately, convincing and influencing them," he said. Schatz said that the identities of the network’s operators remain unknown, but there are hints about their origins. For instance, their promotion of Hamas and Hezbollah content or the appearance of a reversed question mark, commonly used in Persian. "It’s unclear whether they’re Iranians or their allies, but this is a foreign network linked to others we've identified in the past and deemed foreign by security bodies," he claimed. Social media platforms’ negligence Despite all this, it’s astonishing to discover that most of the fake profiles remain active, continuing to incite and divide Israelis. "This wouldn’t be happening if not for the platforms’ negligence,” Schatz said. “If they invested 10% of their profits into protecting us, things would look very different. The state, too, is obligated to protect its citizens online. Until that happens, civil organizations like ours are stepping in to help," he explained. 6 View gallery Iran's Supreme Leader Ali Khamenei ( Photo: AP ) Get the Ynetnews app on your smartphone: Google Play : https://bit.ly/4eJ37pE | Apple App Store : https://bit.ly/3ZL7iNv To prevent more citizens from falling prey to these fake profiles, FakeReporter published a guide titled "How Not to Become an Iranian Agent." Its tips include: paying attention to language, gender and grammatical errors; examining the profile's history for signs of family or friends; and being cautious if the profile reaches out with offers or requests. Meta has yet to respond to the publication of this report. >
Caprock Group LLC lowered its holdings in shares of Datadog, Inc. ( NASDAQ:DDOG – Free Report ) by 3.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,983 shares of the company’s stock after selling 124 shares during the quarter. Caprock Group LLC’s holdings in Datadog were worth $458,000 as of its most recent SEC filing. Several other hedge funds also recently bought and sold shares of DDOG. SouthState Corp bought a new stake in shares of Datadog during the second quarter valued at approximately $26,000. Blue Trust Inc. purchased a new position in Datadog during the 2nd quarter worth $37,000. EverSource Wealth Advisors LLC raised its position in Datadog by 70.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 308 shares of the company’s stock valued at $39,000 after purchasing an additional 127 shares in the last quarter. American National Bank & Trust purchased a new stake in shares of Datadog in the 3rd quarter worth $39,000. Finally, Versant Capital Management Inc grew its position in shares of Datadog by 216.5% during the 2nd quarter. Versant Capital Management Inc now owns 307 shares of the company’s stock worth $40,000 after buying an additional 210 shares in the last quarter. Institutional investors own 78.29% of the company’s stock. Datadog Trading Up 7.6 % DDOG opened at $154.83 on Friday. Datadog, Inc. has a 12-month low of $98.80 and a 12-month high of $155.42. The firm has a 50 day moving average of $124.21 and a two-hundred day moving average of $120.03. The firm has a market capitalization of $52.60 billion, a PE ratio of 292.14, a P/E/G ratio of 18.83 and a beta of 1.10. Wall Street Analysts Forecast Growth Check Out Our Latest Stock Report on Datadog Insider Transactions at Datadog In related news, CTO Alexis Le-Quoc sold 127,105 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $129.33, for a total transaction of $16,438,489.65. Following the sale, the chief technology officer now directly owns 336,165 shares of the company’s stock, valued at $43,476,219.45. This trade represents a 27.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink . Also, President Amit Agarwal sold 150,000 shares of Datadog stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $126.03, for a total value of $18,904,500.00. Following the transaction, the president now owns 214,275 shares of the company’s stock, valued at approximately $27,005,078.25. This represents a 41.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Insiders have sold 541,491 shares of company stock worth $68,927,496 over the last 90 days. 11.78% of the stock is currently owned by company insiders. Datadog Company Profile ( Free Report ) Datadog, Inc operates an observability and security platform for cloud applications in North America and internationally. The company's products comprise infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, data streams and universal service monitoring, network monitoring, incident management, workflow automation, observability pipelines, cloud cost and cloud security management, application security management, cloud SIEM, sensitive data scanner, and CI visibility. Read More Receive News & Ratings for Datadog Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Datadog and related companies with MarketBeat.com's FREE daily email newsletter .
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Firefighters responded to Destiny USA in the afternoon for reports of smoke at Finish Line. Greta Stuckey Greta Stuckey | gstuckey@syracuse.com Syracuse, N.Y. — Syracuse firefighters responded to the Destiny USA mall Monday afternoon after smoke was reported in a store. The smoke was reported at 1:47 p.m. at the Finish Line store in the mall at Hiawatha Boulevard and Harborside Drive. Once firefighters arrived, they found a smoke odor in the stock room of the store, said Syracuse City Fire Capt. Phillip Vogt, a spokesperson for the fire department. The smoke came from a heater in the stock room, Vogt said. The store was evacuated while firefighters investigated the smoke. The rest of the mall remained open to the public. No injuries were reported. The store later reopened to the public. Crime and public safety articles Grand jury to hear testimony about Syracuse judge’s refusal to marry same-sex couple Update: Missing person alert issued for man with dementia last seen in Herkimer County canceled Train, tractor trailer collide in East Syracuse, damages truck Onondaga County needs new approach to fighting juvenile crime (Editorial Board Opinion) Early morning fire damages multi-family home in Oswego, displaces 4 people Staff writer Greta Stuckey covers breaking news. Have a tip, a story idea, a question or a comment? You can reach her at gstuckey@syracuse.com ./NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES ./ The prospectus supplement, the corresponding base shelf prospectus and any amendment thereto in connection with the financing will be accessible through SEDAR+ within two business days CALGARY, AB , Dec. 9, 2024 /CNW/ - Freehold Royalties Ltd. (Freehold or the Company) FRU has entered into a definitive agreement with a private seller to acquire mineral title and royalty interests in the core of the Midland Basin in Texas (the Acquisition or the Acquired Assets) for approximately $216 million, net of estimates for exchange rate and customary closing adjustments. Acquisition Snapshot 1,250 – 1,350 boe/d of premium priced, light oil weighted production (~800 bbls/d oil) Approximately $31 million in 2025E net royalty revenue (net of production and ad valorem taxes and assuming US$70 /bbl WTI) ~244,000 gross drilling acres, expanding our core, resource rich Midland Basin footprint by ~35% Highly undeveloped asset with ~25% of lands not having any horizontal drilling activity to date ~95% of production operated by Midland Basin focused ExxonMobil and Diamondback Energy 16 rigs currently active on the Acquired Assets Positions Freehold's royalty lands to capture one in every three rigs active in the Midland Basin (almost doubling from one in every six rigs prior to the Acquisition) "This acquisition is a successful reflection of our disciplined approach to strategic M&A, in an area we know well and further builds on the two core Midland Basin acquisitions we closed earlier this year. This fits precisely with our strategy of positioning our royalty portfolio in areas with best-in-class oil weighted reservoirs that have significant development runway under high quality operators. This transaction expands our footprint, right in the heart of the Midland Basin under ExxonMobil and Diamondback, two operators who recently completed a combined ~US$90 billion of acquisitions to increase their stakes in this extensive resource play" said David Spyker , Freehold's President and Chief Executive Officer. "This type of accretive deal with land and inventory depth, provides both growth and value to the Company and our shareholders immediately and is expected to for years to come." Freehold will fund the Acquisition, which is expected to close December 13, 2024 , through a $125.1 million bought deal equity financing (the Equity Financing) and Freehold's existing credit facilities. Acquisition Highlights Immediately adds significant production and a deep prospective multi-bench development inventory Freehold estimates 2025E production from the Acquired Assets to be 1,250 – 1,350 boe/d (approximately 61% light oil, 20% natural gas liquids and 19% natural gas) representing approximately $31 million in 2025E net royalty revenue (net of production and ad valorem taxes) based on US$70 /bbl WTI, with limited tax burden in the near term Pro forma, almost doubles the share of drilling activity in the Midland Basin on Freehold's royalty lands to one in every three wells drilled Adds 0.8 net drilled and uncompleted wells (DUCs) and permits, increasing Freehold's line of sight total U.S. inventory by over 20% to 4.4 net activity wells More than 25% of the lands are characterized as undeveloped with no prior horizontal drilling activity. These lands are positioned to benefit from the most current drilling and frac stimulation methods as well as "cube development" that operators in the Midland Basin are prioritizing to maximize productivity and reserve recovery Increases Freehold's exposure to premium priced, oil weighted production from the Midland Basin 61% oil weighting vs 51% on Freehold's current total production base (Q1 – Q3 2024 average) 22% higher realized pricing from the Acquired Assets ( $68.83 /boe vs $56.34 /boe Q1-Q3 2024 from Freehold's current corporate asset base) Enhances Freehold's alignment with investment grade operators with approximately 95% of current production from the Acquired Assets operated by ExxonMobil and Diamondback Energy ~244,000 gross drilling acres (including ~74,000 gross drilling acres that overlap with existing Freehold acreage) in the Midland Basin, increasing Freehold's Midland Basin acreage by approximately 35% Approximately 85% of acreage is concentrated in the core of the Midland Basin in Martin and Midland counties, where over 50% of total drilling activity in the Midland Basin since 2022 has been concentrated Provides immediate and expected increasing future accretion on funds flow per share, free cash flow per share and total production and oil production per share Pro forma net debt to trailing 12 months funds from operations of 1.1x is below Freehold's 1.5x leverage threshold Allows Freehold to continue to execute a consistent, sustainable return of capital program which balances dividend growth and accretive acquisition opportunities while maintaining a strong balance sheet Promptly following the closing of the Acquisition, Freehold is expecting that its senior credit facility will increase from $400 million to $450 million , maintaining its strong liquidity position post-Acquisition Freehold has an option to acquire up to an additional $65 million interest in the Acquired Assets, on the same terms and conditions, up until the closing of the Acquisition Strategic Rationale The Acquisition represents continued execution of our strategy to acquire mineral title and royalty interests in premier oil weighted basins across North America under best-in class operators. As Freehold has evolved over the last five years into a North American royalty company, the Midland Basin has become a core area for Freehold given the stacked-pay associated with multiple resource rich reservoir benches, robust drilling economics, and highly qualified, investment grade companies operating on our lands. The Midland Basin now comprises approximately 50% of Freehold's pro forma U.S. production and ~20% of pro forma corporate production. ExxonMobil will be Freehold's second largest corporate payor at approximately 13% of pro forma revenue, with ConocoPhillips at approximately 17% of pro forma revenue. Pro forma, Freehold's revenue is balanced between Canada and the U.S. and our pro forma production is weighted approximately 59% in Canada and 41% in the U.S. Notes to Figure 2 Undeveloped Acquired Assets Land represents areas where there has been no horizontal well development to date on a drill spacing unit (DSU); Partially Developed means less than half of the expected total prospective development inventory on the DSU has been developed with horizontal wells; Developed means over half of the expected total prospective development inventory on the DSU has been developed with horizontal wells. Acquisition Details Promptly following the execution of the Acquisition purchase and sale agreement, Freehold has paid a deposit of approximately $11 million to be held in escrow until closing of the Acquisition. If the Acquisition does not close as a result of a breach of the Acquisition terms by the seller, Freehold is entitled to recover the deposit in addition to a break fee from the seller. The Acquisition terms also contain customary representations, warranties, covenants and conditions. Closing is expected to occur on December 13 , 2024. Freehold has an option to acquire up to an additional $65 million interest in the Acquired Assets, on the same terms and conditions, up until the closing of the Acquisition. The effective date of the Acquisition is December 1, 2024 . In contemplation of the Acquisition, Freehold requested and received commitments from its syndicate of banks sufficient to increase its bank credit facilities by $50 million to $450 million with the accordion feature in such credit facilities conditional on closing of the Acquisition; however, Freehold does not require the additional available funds from the credit facilities increase to fund the purchase price of the Acquisition. The increase under the credit facilities will be subject to execution of definitive documentation by Freehold and its lenders consenting to such increase. 2025E Guidance Timing Freehold plans to provide 2025E guidance estimates in connection with its year-end 2024 results on March 12, 2025 following the 2025 capital development plan announcements by Freehold's strategic royalty payors. Acquisition Financing Freehold has entered into an agreement with a syndicate of underwriters co-led by RBC Capital Markets, CIBC Capital Markets and TD Securities Inc. (the Underwriters), pursuant to which the Underwriters have agreed to purchase for resale to the public, on a bought-deal basis, 9.62 million common shares (Common Shares) of Freehold at a price of $13 .00 per Common Share for gross proceeds of approximately $125.1 million . The Underwriters will have an option to purchase up to an additional 15% of the Common Shares issued under the Equity Financing at a price of $13.00 per Common Share to cover over-allotments and for market stabilization purposes exercisable in whole or in part at any time until 30 days after closing of the Equity Financing. Completion of the Equity Financing is subject to customary closing conditions, including the receipt of all necessary regulatory approvals, including the approval of the Toronto Stock Exchange. Closing of the Equity Financing is expected to occur on December 13 , 2024. Closing of the Equity Financing is not conditional on the closing of the Acquisition. In the event that the Acquisition does not close, the net proceeds from the Equity Financing will be used to fund general corporate purposes including repayment of amounts outstanding under the Company's credit facilities. The Common Shares issued pursuant to the Equity Financing will be distributed by way of a prospectus supplement (the Prospectus Supplement) to the short form base shelf prospectus of the Company dated November 13, 2023 (together with the Prospectus Supplement, the Prospectus) and may also be offered and sold in the United States pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended (the U.S. Securities Act). The Common Shares have not been and will not be registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account of benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. No securities regulatory authority has either approved or disapproved of the contents of this news release. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. Access to the Prospectus, and any amendments to the documents are provided in accordance with securities legislation relating to procedures for providing access to a base shelf prospectus, a prospectus supplement and any amendment to the documents. The Prospectus will be (within two business days from the date hereof), accessible on SEDAR+ at www.sedarplus.ca . An electronic or paper copy of the Prospectus (when filed), and any amendment to the documents may be obtained, without charge, from RBC Capital Markets by e-mail at Distribution.RBCDS@rbccm.com , from CIBC Capital Markets by e-mail at mailbox.canadianprospectus@cibc.com or from TD Securities Inc. by e-mail at sdcconfirms@td.com . The Prospectus will contain important detailed information about the Company and the proposed Offering. Prospective investors should read the Prospectus (when filed) and the other documents the Company has filed on SEDAR+ before making an investment decision. Freehold is uniquely positioned as a leading North American energy royalty company with approximately 6.1 million gross acres in Canada and approximately 1.1 million gross drilling acres in the United States . Freehold's common shares trade on the Toronto Stock Exchange in Canada under the symbol FRU. Forward-Looking Statements This news release offers our assessment of Freehold's future plans and operations as at December 9, 2024 and contains forward-looking information including, without limitation, forward-looking information with regards to the expected terms and conditions of the Acquisition; the expected timing for closing of the Acquisition; the expected attributes and benefits to be derived by Freehold pursuant to the Acquisition; the expected 2025 production from the Acquired Assets including the commodity weighting thereof; expected 2025 royalty revenue from the Acquired Assets; the expectation that there will be limited tax burden in the near term associated with the Acquired Assets; the expectation that Freehold's royalty lands to capture one in every three rigs active in the Midland Basin; the expectation that the Acquired Assets have a significant development runway under high quality operators; the net DUCs and permits associated with the Acquired Assets; the expectation that more than 25% of the lands associated with the Acquired Assets are characterized as undeveloped with no prior horizontal drilling activity; the expectation that lands associated with the Acquired Assets are positioned to benefit from the most current drilling and frac stimulation methods as well as "cube development" that operators in the Midland Basin are prioritizing to maximize productivity and reserve recovery; the expectation that the Acquisition will increase Freehold's exposure to premium priced, oil weighted production from the Midland Basin; the expectation that together with the Equity Financing, Freehold estimates that the Acquisition provides immediate and increasing future accretion on funds flow per share, free cash flow per share and total production and oil production per share; the expectation that the Acquisition together with the Equity Financing will allow Freehold to continue to execute a consistent, sustainable return of capital program which balances dividend growth and accretive acquisition opportunities while maintaining a strong balance sheet; Freehold's forecast pro forma net debt to trailing 12 months funds from operations of 1.1x being below Freehold's 1.5x leverage threshold after giving effect to the Acquisition and the Equity Financing; Freehold's plan to provide 2025E guidance estimates in connection with its year-end 2024 results on March 12, 2025 following the 2025 capital development plan announcements by Freehold's strategic royalty payors; the expected terms of the Equity Financing; the expected use of proceeds from the Equity Financing; the expected timing of closing the Equity Financing; and the expected increase to Freehold's credit facilities which is expected to provide Freehold with a strong liquidity position. This forward-looking information is provided to allow readers to better understand our business and prospects and may not be suitable for other purposes. By its nature, forward-looking information is subject to numerous risks and uncertainties, some of which are beyond our control, including the demand for oil and natural gas, general economic conditions, industry conditions, the impact of the Russia - Ukraine war and the Israel-Hamas-Hezbollah conflict on the global economy and commodity prices, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, royalties, environmental risks, taxation, regulation, changes in tax or other legislation, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility, our ability to access sufficient capital from internal and external sources. The closing of the Acquisition, and/or Equity Financing could be delayed if Freehold or the other parties are not able to obtain the necessary regulatory and stock exchange approvals on the timelines anticipated. The Acquisition and/or Equity Financing may not be completed if these approvals are not obtained. The closing of the Acquisition may not be completed if some other condition to the closing of the Acquisition is not satisfied. Accordingly, there is a risk that the Acquisition, Equity Financing will not be completed within the anticipated time or at all. In addition, the Equity Financing is not conditional on the closing of the Acquisition and as such the proceeds from the Equity Financing may be used for purposes other than the payment of the purchase price pursuant to the Acquisition. Risks are described in more detail in Freehold's annual information form for the year ended December 31, 2023 which is available under Freehold's profile on SEDAR+ at www.sedarplus.ca . With respect to forward looking information contained in this press release including relating to the 2025 forecast production and 2025 royalty revenue from the Acquired Assets, we have made assumptions regarding, among other things; future oil and natural gas prices (for the purposes of the estimates in this press release we have assumed a West Texas Intermediate price of US$70 /barrel of oil and a NYMEX natural gas price of US$3.30 /MMbtu); future exchange rates (for the purposes of the estimates in this press release we have assumed an exchange rate of US$1.00 for every CDN$1.40 ); that drilled uncompleted wells will be completed in the short term and brought on production; that wells that have been permitted will be drilled and completed within a customary timeframe; expectations as to additional wells to be permitted, drilled, completed and brought on production in 2024 and 2025 based on Freehold's review of the geology and economics of the plays associated with the Acquired Assets; expected production performance of wells to be drilled and/or brought on production in 2024 and 2025; the ability of our royalty payors to obtain equipment in a timely manner to carry out development activities; the ability and willingness of royalty payors to fund development activities relating to the Acquired Assets; and such other assumptions as are identified herein. You are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward looking information. We can give no assurance that any of the events anticipated will transpire or occur, or if any of them do, what benefits we will derive from them. The forward-looking information contained herein is expressly qualified by this cautionary statement. To the extent any guidance or forward-looking statements herein constitute a financial outlook, they are included herein to provide readers with an understanding of management's plans and assumptions for budgeting purposes and readers are cautioned that the information may not be appropriate for other purposes. Our policy for updating forward-looking statements is to update our key operating assumptions quarterly and, except as required by law, we do not undertake to update any other forward-looking statements. You are further cautioned that the preparation of financial statements in accordance with International Financial Reporting Standards requires management to make certain judgments and estimates that affect the reported amounts of assets, liabilities, revenues, and expenses. These estimates may change, having either a positive or negative effect on net income, as further information becomes available and as the economic environment changes. Currency All references in this press release to dollar amounts are to Canadian dollars unless otherwise indicated. Conversion of Natural Gas to Barrels of Oil Equivalent (BOE) To provide a single unit of production for analytical purposes, natural gas production and reserves volumes are converted mathematically to equivalent barrels of oil (boe). We use the industry-accepted standard conversion of six thousand cubic feet of natural gas to one barrel of oil (6 Mcf = 1 bbl). The 6:1 boe ratio is based on an energy equivalency conversion method primarily applicable at the burner tip. It does not represent a value equivalency at the wellhead and is not based on either energy content or current prices. While the boe ratio is useful for comparative measures and observing trends, it does not accurately reflect individual product values and might be misleading, particularly if used in isolation. As well, given that the value ratio, based on the current price of crude oil to natural gas, is significantly different from the 6:1 energy equivalency ratio, using a 6:1 conversion ratio may be misleading as an indication of value. SOURCE Freehold Royalties Ltd. View original content to download multimedia: http://www.newswire.ca/en/releases/archive/December2024/09/c7444.html © 2024 Benzinga.com. Benzinga does not provide investment advice. 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