[We] work with departments and First Nation governments in identifying training positions for individuals to obtain employment within the Yukon government," explained Marge Baufield, a public service consultant and coordinator of the FNTC program.
Although full time employment is not guaranteed to those who participate in FNTC training, participants graduate with skills targeted to specific employment categories.
Participation in the FNTC is limited to candidates who are members of Yukon First Nations.
The length of the training opportunities offered through the FNTC varies.
The merger is expected to close in June 2016, pending FNTC stockholder approval, the receipt of proceeds from the proposed financing activities and other customary closing conditions.
acted as M/A Advisor to FNTC; Cantor Fitzgerald and Co.
is one of the four institutions created through the First Nations Fiscal and Statistical Management Act, which came into force on April 1, 2006.
The Board of Directors of FNTC
had earlier approved the Merger and proposed that its stockholders support it.
Under the deal, FNTC will acquire CardConnect for aggregate consideration of approximately USD 180m in cash and USD 170m in FNTC common stock.
The cash portion of the consideration will be funded by a combination of cash held in trust by FNTC, borrowings under a new USD 100m first lien credit facility and a USD 40m second lien secured credit facility, and USD 30m in equity financing.
FNTC will acquire CardConnect for aggregate consideration of approximately USD180m in cash and USD 170m in FNTC common stock.
FNTC will also repay approximately USD62m in debt outstanding under CardConnect's existing credit facility upon closing of the merger.