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At least 4 buildings burned at Jasper Park Lodge, others damaged: Fairmont memo
The Fairmont Jasper Park Lodge said Thursday afternoon most of its structures are 'standing and intact,' including its iconic main lodge.
GameStop made nearly US$933.4 million by selling 45 million shares, the struggling videogame retailer said on Friday, sending its shares up more than 12 per cent after the bell.
The company largely relies on brick-and-mortar stores and has been grappling with customers turning to e-commerce firms for buying video games and collectibles.
It had disclosed its share sale plan earlier this month amid a retail buying frenzy sparked by the return on social media of "Roaring Kitty" Keith Gill, whose bullish calls on the company spurred the 2021 meme stock rally.
The deal was structured as an "at-the-market" offering, in which shares are sold at the prevailing market price instead of a pre-determined one.
The rally in the shares of GameStop, which has become a poster child of the retail mania, began after Gill shared a meme and several video clips from movies.
The stock more than quadrupled from the end of April through May 14, and then gave back about 60 per cent of that gain, as of Friday's close.
GameStop did not disclose the price at which it sold the shares, but based on Reuters calculations, they were sold at an average price of US$20.74 each. Its shares were currently trading at US$21.93.
The company said it will use the proceeds from the sale for general corporate purposes, which may include acquisitions and investments.
GameStop last week said it expects its first-quarter net sales to drop to between US$872 million and $892 million, compared with $1.24 billion a year earlier.
Theatre chain AMC, another retail darling, had also completed a US$250 million "at-the-market" share sale program last week.
(Reporting by Jaspreet Singh and Niket Nishant in Bengaluru; Editing by Arun Koyyur)
The Fairmont Jasper Park Lodge said Thursday afternoon most of its structures are 'standing and intact,' including its iconic main lodge.
Scotiabank says it has fixed a technical issue that impacted direct deposits on Friday morning.
Police in Mississauga are conducting a full-scale search of the city’s biggest park for a non-verbal toddler who went missing Thursday evening. Sgt. Jennifer Trimble told reporters Friday morning that there has been no trace of three-year-old Zaid Abdullah since 6:20 p.m., when he was last seen with his parents in Erindale Park, near Dundas Street West and Mississauga Road.
Saskatchewan’s Court of Appeal has denied a political group that opposes so-called “gender ideology” intervener status in a legal dispute over the province’s controversial pronoun law.
After four years of mask mandates, gathering restrictions, vaccinations and hospitalizations, British Columbia’s provincial health officer has ended the province's public-health emergency for COVID-19.
Orillia OPP arrested and charged a driver with impaired driving after flashing their high beams.
Canada soccer great Christine Sinclair said on Friday national team players were never shown drone footage during the more than two decades she was on the team, following a spying scandal that cast a shadow over the Canadians at the Paris Games.
A powerful Mexican drug cartel leader who eluded authorities for decades was duped into flying into the U.S., where he was arrested alongside a son of Joaquin "El Chapo" Guzman, according to a U.S. law enforcement official familiar with the matter.
Vivian Jenna Wilson, Elon Musk's estranged daughter, publicly refuted several recent anti-trans statements her Tesla CEO and X owner father has made about her.
As fire threatened people in Jasper National Park, Colleen Knull sprung into action.
Video posted to social media on Thursday morning appears to show the charred remains of a Jasper, Alta., neighbourhood.
A Saskatchewan-born veteran of the Second World War was recently presented with France's highest national order.
A local First Nations elder and veteran is helping to bring the Ojibwe language to a well-known film for the first time.
A cat who fled her Montreal home nearly a decade ago has been reunited with her family after being found in Ottawa.
A woman in Waterloo, Ont. is out thousands of dollars for a car crash she wasn’t involved in.
A swarm of bees living in a lamppost in Winnipeg’s Sage Creek neighbourhood has found a new home for its hive.
Around 100 acres of Manitoba Crown Land near the Saskatchewan border is being returned to the Métis community.
Nova Scotia is suspending the licensed Cape Breton moose hunt for three years due to what the province is calling a “significant drop” in the population.