The rise and fall of strongmen, and justice for a woman unbowedNEW YORK (AP) — Donald Trump used his image as a successful New York businessman to become a celebrity, a reality television star and eventually the president. Now he will get to revel in one of the most visible symbols of success in the city when he rings the opening bell of the New York Stock Exchange on Thursday as he's also named Time Magazine's Person of the Year. Trump is expected to be on Wall Street to mark the ceremonial start of the day's trading, according to four people with knowledge of his plans. He will also be announced Thursday as Time's 2024 Person of the Year , according to a person familiar with the selection. The people who confirmed the stock exchange appearance and Time award were not authorized to discuss the matter publicly and spoke to The Associated Press on condition of anonymity. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.BEND, OREGON (AP) — Eliza Wilson is a little nervous as she draws the microphone close, but she is determined to share her life story. “My father was a disabled veteran,” she says. “I first experienced homelessness when I was 5 years old.” Wilson, who’s 36, leads programs focused on unhoused youth. On a recent Saturday, she is addressing a citizen assembly, a grassroots gathering seeking solutions to tough local challenges. Her audience consists of 30 ordinary Oregonians. They are acupuncturists and elk hunters; house cleaners and retired riverboat pilots. None are public policy experts. All the same, these participants have been asked to recommend new strategies for combating youth homelessness — a major problem in this affluent Oregon city and the surrounding rural areas of Deschutes County. This unusual experiment in small-D democracy is underwritten by more than $250,000 in grants from backers such as the Rockefeller Foundation and Omidyar Network. As a key early presenter, Wilson wins rapt attention, clicking through data-rich slides and sharing her story of crisis and recovery. That’s how citizen assemblies should work, says Kevin O’Neil, an innovation specialist at the Rockefeller Foundation. His research shows Americans are frustrated with what they perceive as aloofness and gridlock within civic institutions. “People want to be directly involved in decision-making,” O’Neil says. “They recognize the value of expertise, but they don’t want to delegate decision-making to experts.” Assemblies can help “overcome polarization and strengthen societal cohesion,” says Claudia Chwalisz, founder of . Her nonprofit, launched in Paris in 2022, champions such assemblies worldwide, hoping they can “create the democratic spaces for everyday people to grapple with the complexity of policy issues, listen to one another, and find common ground.” At least, that’s the theory. To succeed, citizen assemblies can’t settle for a few days of harmonious dialogue among well-intentioned strangers. They need to inspire policy changes or new programs from government and other civic institutions. In Europe, such wins abound. In the United States, results are spottier. The most fruitful U.S. effort to date was a in Washington State that produced 148 ideas — including more solar canopies and food composting — to combat climate change. More often, progress is challenging. An assembly in 2022 in Petaluma, California, spun up ideas to repurpose a long-time county fairground site. Two years later, the fair still operates under short-term leases; its long-term destiny remains in limbo. In , enacting an assembly’s bold ideas for improving rural day care has been “more of a marathon than a sprint,” says organizer Morgan Lasher. Can central Oregon do better? It may take years to know, but evidence so far shows both the assembly system’s opportunities and the challenges. Bend’s local economy is strong, with a jobless rate of just 4.2% and median household income of more than $80,000. As housing costs have skyrocketed, though, the spectacle of people living in tent and trailer encampments has become more common. A January count found more than 1,800 people were homeless in Deschutes County, up from in 2020. In 2023, DemocracyNext and , a Portland, Oregon, nonprofit, connected with Bend officials interested in bringing the assembly idea to central Oregon. Josh Burgess, an Air Force veteran, who moved to Bend and became the proverbial “advance man” for DemocracyNext. Operating in a county between Democrats and Republicans, Burgess built rapport with both liberal and conservative members on the Deschutes County Board of Commissioners. “It took four or five meetings to get there,” Burgess recalls. Organizers decided to focus on homelessness among ages 14 to 24, where opportunities for progress seemed greatest. To pick citizens for the assembly, organizers contacted 12,000 county residents before selecting just 30. Everything was balanced by age, race, gender, and geography – a slow, costly requirement. Even so, advocates such as Michelle Barsa of Omidyar Network says assemblies’ big edge comes from using “an actual representative sample of the community, not just the people who always show up at town-hall meetings and yell into a microphone for three minutes.” At the northern edge of Oregon State’s Bend campus, a few hundred yards from the Deschutes River, is the McGrath Family atrium, a sunlight-drenched space with panoramic woodland views. It feels almost like a spa. As the Bend assembly gets started, black tablecloths at a huge, U-shaped table convey gravity. Name tags identify attendees as “Noelle,” “Dave,” “Alex.” The first few hours go slowly, but everything perks up after lunch. Eliza Wilson takes command, introducing herself as director of runaway and homeless youth services at , a social-services organization. Her voice is unfailingly steady, but emotions race fast across her face: hope, frustration, empathy, resolve, and more. “Teens get really good at hiding their homelessness,” Wilson explains. “We don’t share family business outside of the family. I was really fortunate that a high-school counselor pointed me, at age 15, to the first youth shelter that had just opened in Bend. I stayed there for three years, until I graduated from high school. I finally got on my feet at age 21.” As Wilson finishes, questions stream in. “Are there any programs advocating for children to get back to their parents?” one woman wants to know. “Is there open communication between you guys and the school district?” a man asks. Wilson and other presenters respond with a road map of what exists today. They point out how homeless youth are in a precarious but not hopeless situation, counting on allies for a couch to sleep on. Less than 20 percent live outside in encampments. Practically everyone in the audience takes notes. The next day, assembly members strike up conversations with young adults who were once homeless. Chronic problems — and glimmers of ideas about how to address them — tumble forth. Flaws in the foster parent system. The risk of sexual abuse. The unique challenges that LGBTQ youth face. Attendees — who shared their thoughts with the Chronicle on the condition they be identified only by their first name — regarded those conversations as eye-opening breakthroughs in their hunt for policy recommendations. “I’m coming away with a whole different point of view,” Ken told me. He had arrived believing that poor parenting and drug abuse led to homelessness, and that affected families should personally address such challenges. Now, he said, he was interested in broader solutions. Several local officials stopped by to watch the assembly proceedings. Phil Chang, a Deschutes County commissioner, said the broad-based assembly creates “social license for us to do things that the community wants.” Conservative county commissioner Tony DeBone worries that Oregon’s rollback of drug-offense laws has worsened social problems; he also believes that an economic upturn would do the most good. Still, he says, he’s willing to see what the assembly can offer. Ultimately, the assembly’s effectiveness will depend on whether its recommendations can overcome bureaucratic inertia, says Tammy Baney, executive director of the . Proposed changes in police interactions with homeless youth could be acted on within a month or two if local law enforcement is receptive, she says. Improving Oregon’s gridlocked foster-care system might be much harder. “It all depends on how much political will there is,” Baney says. _____ is editor-at-large at the Chronicle of Philanthropy, where you can read the . This article was provided to The Associated Press by the Chronicle of Philanthropy as part of a partnership to cover philanthropy and nonprofits supported by the Lilly Endowment. The Chronicle is solely responsible for the content. For all of AP’s philanthropy coverage, visit . George Anders Of The Chronicle Of Philanthropy, The Associated Press
Lara Trump stepping down as RNC co-chair and addressing speculation about Florida Senate seat
Live: High school football scores in the Baton Rouge area for the second round of playoffsLara Trump will step down as co-chair of the Republican National Committee as she considers a number of potential options with her father-in-law, President-elect Donald Trump , set to return to the White House. Among those possibilities is replacing Florida Sen. Marco Rubio , whom Trump tapped to be the next secretary of state. If Rubio is confirmed, his replacement — who would be chosen by Florida Gov. Ron DeSantis — would serve for two years until the next regularly scheduled election in 2026, at which point the seat would be up for election again. “It is something I would seriously consider,” Lara Trump told The Associated Press in an interview. “If I’m being completely transparent, I don’t know exactly what that would look like. And I certainly want to get all of the information possible if that is something that’s real for me. But yeah, I would 100% consider it.” Elected as RNC co-chair in March, Lara Trump was a key player in the Republicans retaking the White House and control of the Senate while maintaining a narrow House majority. What she does next could shape Republican politics, given her elevated political profile and her ties to the incoming president. The idea of placing a Trump family member in the Senate has been lauded in some Republican circles. Among the people pushing for her to replace Rubio is Maye Musk, mother of Tesla and SpaceX CEO Elon Musk . “The Senate is an old man’s club. We desperately need a smart, young, outspoken woman who will reveal their secrets,” she posted on X. Lara Trump is 42. Elon Musk, who was with Lara Trump on election night at Trump’s Mar-a-Lago estate in Florida, responded to his mother’s post: “Lara Trump is genuinely great.” Led by chairman Michael Whatley and Lara Trump, the RNC invested heavily in recruiting roughly 230,000 volunteers and an army of lawyers for what it called its “election integrity” effort, four years after Donald Trump lost his reelection bid to Democrat Joe Biden, citing false or unproven theories about voter fraud. Outside groups such as Turning Point Action and Musk’s America PAC took a greater responsibility for advertising and get-out-the-vote efforts. While Whatley will remain RNC chairman, Lara Trump said she felt she had accomplished her goals in the co-chair role. “With that big win, I kind of feel like my time is up,” she said. “What I intended to do has been done.” President-elect Donald Trump endorsed RNC Treasurer KC Crosbie to replace Lara Trump as co-chair of the committee on Monday. “As Treasurer, she helped the RNC smash every fundraising record in History, and fortified our Party’s financial foundation. KC has been with me from the very beginning, helping REAL Republicans get elected across the Country, and would be a tremendous Co-Chair of the RNC!” President-elect Trump wrote on Truth Social. Lara Trump praised Musk’s new endeavor, the Department of Government Efficiency, or DOGE , a nongovernmental task force headed by Musk and and fellow entrepreneur Vivek Ramaswamy . They’ve been tapped to fire federal workers , cut programs and slash federal regulations as part of Trump’s “Save America” agenda for his second term. “I really don’t think we’ve seen movement like this in our federal government since our country’s founding in many ways,” she said. “And I think if they are successful in what they plan to do, I think it is going to be transformative to America in a great way.” She said she expects a different presidency this time, beginning with the structure of the administration: While Trump’s daughter Ivanka and son-in-law Jared Kushner served as White House advisers in his last administration, Lara Trump said she doesn’t see any family member taking any position in the White House this time around with her father-in-law. “He really wants to get in there and do a good job for the four years, and that’s all he wants to serve,” she said. “Four years, and he’s out.” Lara Trump also says she expects the Republican Party to be more unified than it has ever been. When she became co-chair in May, the Trump campaign and the RNC merged, with staffers fired and positions restructured. She said the result could spell trouble for GOP lawmakers who do not agree with Trump’s agenda. “The whole party has totally shifted and totally changed,” she said. “I think people are feeling a little more bold in coming out with their political views.” ___ This story has been corrected to clarify that Rubio’s Senate seat would be filled until 2026 when an election would be held for the seat. ___ Linderman reported from Baltimore and Mendoza from Santa Cruz, California. Juliet Linderman And Martha Mendoza, The Associated Press
WASHINGTON — Former Rep. Matt Gaetz said Friday that he will not be returning to Congress after withdrawing his name from consideration to be attorney general under President-elect Donald Trump amid growing allegations of sexual misconduct. “I’m still going to be in the fight, but it’s going to be from a new perch. I do not intend to join the 119th Congress,” Gaetz told conservative commentator Charlie Kirk, adding that he has “some other goals in life that I’m eager to pursue with my wife and my family.” The announcement comes a day after Gaetz, a Florida Republican, stepped aside from the Cabinet nomination process amid growing fallout from federal and House Ethics investigations that cast doubt on his ability to be confirmed as the nation’s chief federal law enforcement officer. The 42-year-old has vehemently denied the allegations against him. Gaetz’s nomination as attorney general had stunned many career lawyers inside the Justice Department but reflected Trump’s desire to place a loyalist in a department he has marked for retribution following the criminal cases against him. Hours after Gaetz withdrew, Trump nominated Pam Bondi, the former Florida attorney general, who would come to the job with years of legal work under her belt and that other trait Trump prizes above all: loyalty. It’s unclear what’s next for Gaetz, who is no longer a member of the House. He surprised colleagues by resigning from Congress the same day that Trump nominated him for attorney general. Some speculated he could still be sworn into office for another two-year term on Jan. 3, given that he had just won reelection earlier this month. But Gaetz, who has been in state and national politics for 14 years, said he’s done with Congress. “I think that eight years is probably enough time in the United States Congress,” he said.It's been five years since the devastation of the bushfires. or signup to continue reading There were no parts of the east coast left untouched by the terrifying fires of 2019 and 2020, which raged on for months and months as drought and record temperatures combined to create a perfect storm. Communities were wiped out, habitats were lost and major cities were choked by an unbearable smoke haze. Thirty-three people lost their lives, 24 million hectares were razed, more than 3000 homes were destroyed and nearly 3 billion animals were killed or displaced. Bushfires have always been a part of the Australian landscape but Black Summer was truly unprecedented, as noted by , prompted by the fires. "Every state and territory suffered to some extent. The fires did not respect state borders or local government boundaries. On some days, extreme conditions drove a fire behaviour that was impossible to control," the royal commission's report said. Worryingly, the royal commission has warned such events are likely to be repeated in the future and may even be more severe. "A future where such events will, regrettably, be more frequent and more severe. Consecutive and compounding natural disasters will place increasing stress on existing emergency management arrangements," the commission's report said. In the summers since the 2019/20 bushfires, the weather across the east coast has not reached the blistering heights of that dreadful summer. There has been a lot more rain over this time and many parts of the east coast are not in drought like they were during that summer. But authorities are warning against complacency because while the conditions might not be the same as Black Summer, the threat remains present. Every season AFAC, the national council for fire and emergency services in Australia and New Zealand, releases an outlook on the bushfire risk. The damaging Black Summer bushfires were foreshadowed in fire season outlooks in 2019. That year, rainfall was very much below average over most of the continent, and it was the second-driest year since rainfall records began in 1990. Most of the east coast of Australia had above-normal fire potential. These forecasts turned out to be right, with very few areas left unaffected by the fires. AFAC chief executive Rob Webb said in the lead-up to the Black Summer bushfires, there had been a dry summer in 2018-19 followed by a very dry winter. He said the fires started much earlier than anticipated and had settled into the landscape. "Heading into Christmas of Black Summer, there were already fires in the landscape... and once they're in those remote areas until it rains they can't get around them," he said. "There's not the same dryness in the vegetation over such a wide area ... when the vegetation is really dry it means when lightning strikes in there, once the fire goes it will go more rapidly so it's harder to get around." NSW Rural Fire Service commissioner Rob Rogers reflected on the five-year anniversary of the fires. He sent out a message on the anniversary of the deaths of NSW RFS volunteers from the Horsley Park Brigade who were killed while fighting the fires. "The Black Summer bushfires tested us in ways we could never have imagined," Commissioner Rogers said. "We saw unprecedented fire behaviour, destruction and loss, but we also witnessed the extraordinary dedication of our members and the support of people from across Australia and the world. "We remember our fallen colleagues with deep sadness and pride. Their sacrifices remind us of the importance of the work we do and why we all must remain vigilant and prepared as we face future fire seasons." For the 2024-25 summer seasons, most of the east coast has an average risk of bushfire for the summer. However, there are parts of central northern and central southern NSW at an increased risk. This includes an area west of Griffith and north of Dubbo and Cobar. A lot of Victoria is at risk, including the Mornington Peninsula and south-west Gippsland. A massive blaze has already engulfed ranges at the time of writing. The Bureau of Meteorology has forecast both a warmer-than-average and wetter-than-average across most of the country. But the bushfire seasonal outlook warns that fires can occur anywhere. "Communities are encouraged to be vigilant and stay alert this summer even if in areas of Australia showing normal risk of fire as catastrophic fires can still occur during normal bushfire seasons," the outlook said. Mr Webb said a fire could wreak havoc in one afternoon if the weather allowed for it. "The important thing with any of these outlooks and it's a really challenging story to tell around preparedness, is that we know a normal fire season in Australia still gets fires," he said. "It doesn't take too much when you've got 45 degrees and lots of strong wings to get a fire going. It may not be as strong as it would be with bone-dry vegetation, but it will still go." It is a message shared by the head of the . "The last four years we've been very lucky since the 2019/20 season where that was our last real danger period. We've had wet seasons since," ACT Rural Fire Service chief officer Rohan Scott said. "When we say average fire conditions, that means we are still going to get fires [but] they're not going to be the fires we had in 19/20 due to the state of the fuel." Mr Webb said one of the most vital things going into any fire season was the ability for states to share and coordinate resources. He said this had become more streamlined over recent years. "The resources to train, the ability to share... that is one of the things that is absolutely vital that we're going to have to rely on in future years," he said. The Royal Commission into Natural Disaster Arrangements made a series of recommendations around national coordination in responding to natural disasters. It found a national approach was needed and Australians expected , despite states and territories holding primary responsibility for emergency management. "Achieving an effective national approach to natural disasters requires a clear, robust and accountable system capable of both providing a comprehensive understanding of, and responding to, the aggregated risks associated with mitigation, preparation for, response to and recovery from natural disasters," the report said. "Unprecedented is not a reason to be unprepared. We need to be prepared for the future." Lucy Bladen has been a journalist at The Canberra Times since 2019. She is an ACT politics and health reporter. Email: l.bladen@canberratimes.com.au Lucy Bladen has been a journalist at The Canberra Times since 2019. She is an ACT politics and health reporter. Email: l.bladen@canberratimes.com.au DAILY Today's top stories curated by our news team. WEEKDAYS Grab a quick bite of today's latest news from around the region and the nation. WEEKLY The latest news, results & expert analysis. WEEKDAYS Catch up on the news of the day and unwind with great reading for your evening. WEEKLY Get the editor's insights: what's happening & why it matters. WEEKLY Love footy? We've got all the action covered. WEEKLY Every Saturday and Tuesday, explore destinations deals, tips & travel writing to transport you around the globe. WEEKLY Going out or staying in? Find out what's on. WEEKDAYS Sharp. Close to the ground. Digging deep. Your weekday morning newsletter on national affairs, politics and more. TWICE WEEKLY Your essential national news digest: all the big issues on Wednesday and great reading every Saturday. 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Former Temple University basketball player Hysier Miller is being investigated by the FBI as part of a monthslong probe of unusual betting activity that was flagged last season for a possible point-shaving scheme, according to multiple reports. Miller was a guard for the Owls and was the team's leading scorer in 2023-24. A report from Las Vegas-based sports betting watchdog U.S. Integrity noted significant movement in the line on Temple's March 7 loss against the University of Alabama at Birmingham, a 100-72 blowout at the Liacouras Center. Temple had entered the game as a 1.5-point underdog, but the line grew to seven points by tipoff that night. MORE : Ex-Eagles running back Wendell Smallwood charged with defrauding COVID-19 relief programs, IRS At the time, Temple officials said they were reviewing the report of unusual wagering in accordance with NCAA policies. On Thursday, ESPN reported that Miller was under federal investigation for alleged point-shaving, which is a deliberate effort to score fewer points in order to avoid covering the spread. Observers of betting markets said in March that there was similar unusual wagering activity before the Owls' Feb. 8 game against Memphis. Large swings in betting lines are uncommon during late-season games when betting markets have better information about how teams are performing. Significant shifts usually come in response to injuries and player suspensions. Miller transferred to Virginia Tech during the offseason for his senior year but never played before he was dismissed by the team on Oct. 23. The FBI and NCAA have not publicly confirmed that Miller or Temple men's basketball is under investigation Temple University President John Fry, who took over earlier this month, sent a message to the university community Thursday afternoon addressing the media reports about the investigation. "The university has been aware of these allegations since they were first reported in the media in March 2024," Fry said. "We have been fully responsive and cooperative with the NCAA since the moment we learned of the investigation. While the university has not received any requests for information from state or federal law enforcement agencies regarding these allegations, we will cooperate fully should we be contacted." Fry added that he would provided updates as they become available. He said everyone involved in Temple athletics receives mandatory training on NCAA rules and regulations, including those related to sports wagering. "While it is disappointing to see Temple mentioned in this context, we know that it is not representative of our athletics program," Fry said. Temple finished last season with a 12-19 record under first-year coach Adam Fisher. They made a deep run in the American Athletic Conference tournament before falling to UAB in the championship game.
Former Nebraska head coach Scott Frost has landed his first college job since his time with the Huskers, and it's a familiar location. Frost is set to take over at UCF, the program he coached from 2016-17 before heading to Nebraska, according to multiple reports. 247Sports and The Orlando Sentinel reported the news Saturday. Previous reports indicated that UCF was down to two candidates, Frost and UNLV head coach Barry Odom, in its quest to replace the fired Gus Malzahn. The Knights chose to reunite with Frost over the 48-year-old Odom, who led UNLV to a 10-win season this fall. Frost rebuilt a UCF football program coming off a winless season into a six-win squad, then a 13-0 team during the 2017 season which stands as the best in UCF's program history. Frost had been out of the college game since his firing at Nebraska in September 2022. He compiled a 16-31 record at his alma mater, completing four losing seasons before being fired three games into the 2022 campaign. People are also reading... Nebraska transportation director: Expressway system won't be done until 2042 27-year-old Beatrice man sentenced for May assault Shoplifting investigation leads to arrest for possession of controlled substance At the courthouse, Nov. 30, 2024 Nebraska football signing day preview: Potential flips and a 5-star up for grabs Gage County Sheriff's Office helps catch Fairbury suspect Mother to Mother supporting families Stabler scores 22 in Lady O's season opening win Beatrice company seeks to break China's stranglehold on rare-earth minerals Hospice foundation helps with extra support Orangemen open season with win over Nebraska City Holiday Lighted Parade happening Saturday Shatel: Emotions are still simmering, but Nebraska delivered the bottom line for 2024 — a bowl game Clarissa Ruh Missouri man sentenced for attempted sexual assault The former Nebraska head coach's first job since was with the Los Angeles Rams this fall, where he briefly worked as an analyst. Having failed to rebuild at Nebraska, the 49-year-old Frost now returns to the school where he thrived as an up-and-coming offensive coach. Get local news delivered to your inbox!NEW YORK — Donald Trump used his image as a successful New York businessman to become a celebrity, a reality television star and eventually the president. Now he will get to revel in one of the most visible symbols of success in the city when he rings the opening bell of the New York Stock Exchange on Thursday as he's also named Time Magazine's Person of the Year. Trump is expected to be on Wall Street to mark the ceremonial start of the day's trading, according to four people with knowledge of his plans. He will also be announced Thursday as Time's 2024 Person of the Year , according to a person familiar with the selection. The people who confirmed the stock exchange appearance and Time award were not authorized to discuss the matter publicly and spoke to The Associated Press on condition of anonymity. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.Aflac Incorporated to Webcast 2024 Financial Analysts Briefing
These holiday gifts change the game when building fires, printing photos, watching birds and moreNEW YORK , Nov. 25, 2024 /CNW/ - Galaxy Digital Holdings Ltd. (TSX: GLXY) ("GDH Ltd." or the "Company") is pleased to announce that Galaxy Digital Holdings LP (the "Issuer," and together with GDH Ltd., "Galaxy") has closed its previously announced offering of $402.5 million aggregate principal amount of 2.50% exchangeable senior notes due 2029 (the "Notes"), after the exercise in full by the initial purchasers of the Notes of an option to purchase up to an additional $52.5 million aggregate principal amount of the Notes. The Issuer intends to use the net proceeds from the offering to support the build-out of high-performance computing infrastructure at its Helios data center in West Texas and for general corporate purposes, including potential repurchases of its existing indebtedness. As previously announced, the Company's board of directors has approved a proposed corporate reorganization (the "Reorganization") whereby Galaxy intends to consummate a series of related transactions in connection with its re-domiciliation to the United States , as a result of which the ordinary shares of GDH Ltd. ("ordinary shares") outstanding immediately prior to such transactions will automatically convert into shares of Class A common stock (the "Class A shares," and, together with ordinary shares, the "Common Stock") of Galaxy Digital Inc., a Delaware holding company ("GDI"). Prior to September 1, 2029 , the Notes are exchangeable only upon satisfaction of certain conditions and only during certain periods, and thereafter, the Notes will be exchangeable at any time prior to the close of business on the second scheduled trading day immediately preceding the maturity date. The Notes are exchangeable on the terms set forth in the indenture for the Notes into cash, ordinary shares if the exchange occurs prior to the Reorganization or Class A shares if the exchange occurs after the Reorganization, or a combination of cash and ordinary shares or Class A shares, as applicable, in each case, at the Issuer's election. The exchange rate is initially 10,497.5856 shares of Common Stock per $250,000 principal amount of Notes, equivalent to an initial exchange price of approximately USD$23.81 ( CAD$33.30 equivalent based on the November 20, 2024 exchange rate) per share of Common Stock. The initial exchange price of the Notes represents a premium of approximately 37.50% to the CAD$24.22 closing price of the ordinary shares on the TSX on November 20, 2024 , the pricing date. The exchange rate is subject to adjustment in some events. In addition, following certain corporate events that occur prior to the maturity date or the Issuer's delivery of a notice of redemption, the Issuer will increase, in certain circumstances, the exchange rate for a holder who elects to exchange its Notes in connection with such a corporate event or a notice of redemption, as the case may be. The Notes are general unsecured obligations of the Issuer, will accrue interest at a rate of 2.50% per year, payable semi-annually in arrears on June 1 and December 1 of each year, beginning on June 1, 2025 . The Notes will mature on December 1, 2029 , unless earlier repurchased, redeemed or exchanged. The Notes are not redeemable by the Issuer at any time before December 6, 2027 , except in certain circumstances set forth in the indenture. The Notes will be redeemable, in whole or in part, for cash at the Issuer's election at any time, and from time to time, on or after December 6, 2027 and prior to the 41st scheduled trading immediately before the maturity date, but only if the last reported sale price per Common Stock exceeds 130% of the exchange price for a specified period of time. The redemption price for any Note called for redemption will be the principal amount of such Note plus accrued and unpaid interest on such Note to, but not including, the redemption date. If a "fundamental change" (as defined in the indenture) occurs, then, subject to certain conditions, noteholders may require the Issuer to repurchase their Notes for cash. The repurchase price will be equal to the principal amount of the Notes to be repurchased, plus accrued and unpaid interest, if any, to, but not including, the applicable repurchase date. The Notes and any Common Stock issuable or deliverable upon exchange of the Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or any applicable state or foreign securities laws, or qualified by a prospectus in Canada . The Notes and any Common Stock issuable or deliverable upon exchange of the Notes may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from registration under the Securities Act. Following the Reorganization and subject to certain conditions, holders of the Notes are expected to have the benefit under a registration rights agreement to require GDI to register the resale of any Class A shares issuable upon exchange of the Notes on a shelf registration statement to be filed with the U.S. Securities and Exchange Commission. This news release is neither an offer to sell nor the solicitation of an offer to buy the Notes or any other securities and shall not constitute an offer to sell or solicitation of an offer to buy, or a sale of, the Notes or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful. Cautionary Statement Concerning Forward-Looking Statements The information in this press release may contain forward looking information or forward looking statements, including under Canadian securities laws (collectively, "forward-looking statements"). Our forward-looking statements include, but are not limited to, statements regarding the use of proceeds from the offering, our or our management team's expectations, hopes, beliefs, intentions or strategies regarding the future. Statements that are not historical facts, including statements about Galaxy's business pipelines for banking, expectations for increased load capacity at the Helios site, mining goals and our ability to capture adjacent opportunities, including in high-performance computing and the Helios transaction, focus on self-custody and validator solutions and our commitment to the future of decentralized networks and the pending Reorganization, and the parties, perspectives and expectations, are forward-looking statements. In addition, any statements that refer to estimates, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this document are based on our current expectations and beliefs concerning future developments and their potential effects on us taking into account information currently available to us. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks include, but are not limited to: (1) the inability to complete the proposed Reorganization, due to the failure to obtain shareholder and stock exchange approvals, or otherwise; (2) changes to the proposed structure of the Reorganization that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining shareholder or stock exchange approval of the Reorganization; (3) the ability to meet and maintain listing standards following the consummation of the Reorganization; (4) the risk that the Reorganization disrupt current plans and operations; (5) costs related to the Reorganization, operations and strategy; (6) changes in applicable laws or regulations; (7) the possibility that Galaxy may be adversely affected by other economic, business, and/or competitive factors; (8) changes or events that impact the cryptocurrency industry, including potential regulation, that are out of our control; (9) the risk that our business will not grow in line with our expectations or continue on its current trajectory; (10) the possibility that our addressable market is smaller than we have anticipated and/or that we may not gain share of it; and (11) the possibility that there is a disruption in mining impacting our ability to achieve expected results or change in power dynamics impacting our results or our ability to increase load capacity; (12) any delay or failure to consummate the business mandates or achieve its pipeline goals in banking and Gk8; (13) liquidity or economic conditions impacting our business; (14) regulatory concerns, technological challenges, cyber incidents or exploits on decentralized networks; (15) the failure to enter into definitive agreements or otherwise complete the anticipated transactions with respect to the non-binding term sheet for Helios; (16) TSX approval of the offering and (17) those other risks contained in the Annual Information Forms for GDH Ltd. and the Issuer for the year ended December 31, 2023 available on their respective profiles at www.sedarplus.ca and their respective Management's Discussion and Analysis, filed on November 7, 2024 . Factors that could cause actual results to differ materially from those described in such forward-looking statements include, but are not limited to, a decline in the digital asset market or general economic conditions; the possibility that our addressable market is smaller than we have anticipated and/or that we may not gain share of the stated addressable market; the failure or delay in the adoption of digital assets and the blockchain ecosystem; a delay or failure in developing infrastructure for our business or our businesses achieving our banking and Gk8 mandates; delays or other challenges in the mining business related to hosting, power or our mining infrastructure, or our ability to capture adjacent opportunities; any challenges faced with respect to decentralized networks, considerations with respect to liquidity and capital planning and changes in applicable law or regulation and adverse regulatory developments. Should one or more of these risks or uncertainties materialize, they could cause our actual results to differ materially from the forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof. We are not undertaking any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise. You should not take any statement regarding past trends or activities as a representation that the trends or activities will continue in the future. Accordingly, you should not put undue reliance on these statements. Other Disclaimers The TSX has neither approved nor disapproved the contents of this press release. SOURCE Galaxy Digital Holdings Ltd.TORONTO, Nov. 25, 2024 (GLOBE NEWSWIRE) -- Inventus Mining Corp. (TSXV: IVS) (“Inventus” or the “Company”) is pleased to announce that its 80-hole Phase 1 Drill Program is underway at the 100%-owned Pardo gold project located 65 km east of Sudbury, Ontario. The program aims to provide adequate drill data to support a future mineral resource estimate on the near surface mineralization that could potentially be exploited by open cut mining. The Company also reports it has been accepted into the Ontario Junior Exploration Program (“OJEP”), which provides funding grants by the Ontario Ministry of Mines to assist exploration projects within the province. The grant will provide funding for 50% of exploration expenditures to a maximum of $200,000, incurred on the Pardo Gold Project. Incentive stock options to acquire a total of 4,100,000 common shares of the Company have been granted to officers, directors, and employees at the exercise price of $0.07 per share for a period of five years. The options vest as to one-third after each of 6, 12, and 18 months from the grant date. For further information visit www.inventusmining.com , or contact: Mr. Wesley Whymark President and Head of Exploration Inventus Mining Corp. E-mail: wesley@inventusmining.com Phone: 705-822-3005 About Inventus Mining Corp. Inventus is a mineral exploration and development company focused on the world-class mining district of Sudbury, Ontario. Our principal assets are a 100% interest in the Pardo Paleoplacer Gold Project and the Sudbury 2.0 Critical Mineral Project located northeast of Sudbury. Pardo is the first important paleoplacer gold discovery found in North America. Inventus has approximately 183 million common shares outstanding. Forward-Looking Statements This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “if”, “yet”, “potential”, “undetermined”, “objective”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to the failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.