Questerre announces resignation of Mr. Sans Cartier from Board of Directors
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Day: December 13, 2019
Jetlines Announces Business Combination with Global Crossing Airlines
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VANCOUVER, British Columbia, Dec. 13, 2019 (GLOBE NEWSWIRE) — Canada Jetlines Ltd. (JET: TSX-V; JETMF: OTCQB) (the “Company” or “Jetlines”) announces that it has entered into a letter of intent (the “LOI”) with Global Crossing Airlines (“GLOBALX”) with respect to a business combination of Jetlines and GLOBALX (the “Transaction”). GLOBALX is a developing United States based charter airline and is financially backed by two Miami based private-equity firms.GLOBALX is a Delaware corporation in the pre-revenue stage with its head office located at Miami International Airport. GLOBALX plans to operate a US 121 charter airline using the Airbus A320-200 aircraft. GLOBALX business model includes the intention to provide ACMI and wet lease contracts to airlines operating within and to the United States and develop aircraft interchange with...
UPDATE ON SALE OF LOMIKO TECHNOLOGIES INC. AND PROMETHIEUS LISTING
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Vancouver, B.C., Dec. 13, 2019 (GLOBE NEWSWIRE) — Lomiko Metals Inc. (“Lomiko”) (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) Lomiko Metals Inc. announced July 31, 2019 that it had entered into an agreement to sell it’s 100% interest in Lomiko Technologies Inc. to Promethieus Technologies Inc. (Canada) for $ 1,236,625 and will be reimbursed $ 193,614.32 in expenses paid by Lomiko Metals on behalf of Promethieus Technologies Inc.On November 25, 2019 Lomiko Metals Inc. provided shareholders with an update to the transaction and on December 3, 2019, confirmed that shareholders had overwhelmingly approved the transaction at the November 29, 2019 Annual Special General Meeting.The transaction was subject to (1) shareholder approval; (2) Promethieus completing a financing; and (3) regulatory approval. The transaction was considered a non-arms...
Alcanna Welcomes Ontario Government Cannabis Retail Announcement
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EDMONTON, Alberta, Dec. 13, 2019 (GLOBE NEWSWIRE) — Alcanna Inc. (the “Company” or “Alcanna”) (TSX: CLIQ), owner of the Nova Cannabis store brand, today congratulated Premier Ford, Minister Downey and the Government of Ontario for opening up retail cannabis licensing in the province.“Ontario has just taken a tremendous step in getting cannabis out of the hands of black-market criminals and into safe, regulated legal hands,” said James Burns, Alcanna’s CEO and Vice Chair. “Nova Cannabis will open stores carefully and calculatedly in Ontario as we have done in Alberta. All stores are not equal. Great real estate is the best way to ensure long term viability and profitability in retail and we will only build on great sites in Ontario as we have done in Alberta.”“Subject to getting the right real estate, Alcanna is targeting 10 Nova...
Press Release for Early Warning Report Regarding IBC Advanced Alloys Corp.
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FRANKLIN, Ind., Dec. 13, 2019 (GLOBE NEWSWIRE) — Mark A. Smith of 401 Arvin Road, Franklin, Indiana, USA, 46131-1549, today announced that on December 13, 2019, he acquired ownership and control of 3,273,393 common shares (the “Common Shares”) of IBC Advanced Alloys Corp. (the “Company”) at a price of C$0.117 per Common Share for an aggregate purchase price of C$382,987. The Common Shares were acquired by Mr. Smith in connection with the Company’s private placement of 17,094,010 Common Shares at a price of C$0.117 per Common Share for gross proceeds to the Company of approximately C$2,000,000 which closed on December 13, 2019 (the “Private Placement”).Prior to acquiring the Common Shares, Mr. Smith owned 3,732,067 Common Shares and 1,547,258 options and warrants (collectively, the “Convertible Securities”), with each Convertible...
3 Sixty Comments on MJBizCon 2019
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ALMONTE, Ontario, Dec. 13, 2019 (GLOBE NEWSWIRE) — 3 Sixty Risk Solutions Ltd. (“3 Sixty” or the “Company”) (CSE: SAFE) (OTCQB: SAYFF) (FSE: 62P2) a leader in the risk management and security services sector of the cannabis industry, today announced the 3 Sixty team has been on the ground this week at the “MJBizCon” industry conference in Las Vegas, Nevada. With 35,000 attendees, including more than 1,300 exhibitors and over 1,250 investors, MJBizCon is the largest event in the U.S. hemp and cannabis industry and among the largest conferences of its type in the world.Many representatives of businesses from the emerging and expanding cannabis industry were eager to connect with the Company’s team of subject matter experts and took advantage of 3 Sixty’s information booth and consultation areas. Highlighting discussions...
Ascent Announces Approval of CCAA Plan by Affected Creditors and Corporate Update
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VANCOUVER, British Columbia, Dec. 13, 2019 (GLOBE NEWSWIRE) — Ascent Industries Corp. (CSE: ASNT) (“Ascent” or the “Company”) is pleased to announce that Affected Creditors (as defined in the Plan) approved the Company’s first amended and restated consolidated plan of compromise, arrangement and organization (the “Plan”) under the Companies’ Creditors Arrangement Act (“CCAA”) at a meeting of Affected Creditors (the “Meeting”) held on December 12, 2019.The Plan was supported by 98% of the number of Affected Creditors and 97% of the value of Affected Claims (as defined in the Plan). Pursuant to the CCAA, the Plan required the approval of a majority in number of Affected Creditors, who represent at least two-thirds in value of the Affected Claims, who actually vote, or who, under the terms of the Plan, are deemed to have voted on the...
Paramount Gold Nevada Corp. Announces the Voting Results of Its 2019 Annual General Meeting
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WINNEMUCCA, Nev., Dec. 13, 2019 (GLOBE NEWSWIRE) — Paramount Gold Nevada Corp. (“Paramount” or the “Company”) (NYSE American: PZG) announces the results of the votes from its annual stockholder meeting which was held on December 11, 2019. There were 27,616,745 shares outstanding and entitled to vote at the meeting as of the record date of October 15, 2019, of which, 15,102,929 shares or 54.69% voted.The stockholders elected the following seven individuals to Paramount’s Board of Directors for a one year term expiring at the 2020 Annual General Meeting: Rudi Fronk, Glen Van Treek, Christopher Reynolds, John Carden, Eliseo Gonzalez-Urien, Pierre Pelletier and John Seaberg.Detailed voting results of the election of directors were as follows:There were 5,705,156 broker non-votes.The stockholders ratified MNP LLP as our independent...
Village Super Market, Inc. Declares Quarterly Dividend
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SPRINGFIELD, N.J., Dec. 13, 2019 (GLOBE NEWSWIRE) — The Board of Directors of Village Super Market, Inc. (NSD-VLGEA) declared quarterly cash dividends of $0.25 per Class A common share and $0.1625 per Class B common share. The dividends will be payable on January 23, 2020 to shareholders of record at the close of business on January 2, 2020.Village Super Market operates a chain of 30 supermarkets under the ShopRite name in New Jersey, Maryland, New York City and eastern Pennsylvania and three specialty markets under the Gourmet Garage name in New York City.
ShiftPixy, Inc. Reports Fiscal 2019 Results
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IRVINE, Calif., Dec. 13, 2019 (GLOBE NEWSWIRE) — ShiftPixy, Inc. (NASDAQ: PIXY), a California-based staffing enterprise that designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced operating results for the year ended August 31, 2019 (“2019”).2019 Financial HighlightsEarnings per share improved to $0.57 in 2019 compared to $0.58 for 2018.Gross billings grew 59% to $353 million, compared to $222 million for 2018. Q4 billings exceeded $100 million for the first quarter in our history at $105 million for an exit annualized billings rate of over $420 million. Revenues increased 53% to $53 million, compared to $35 million for 2018.Gross profit was $12.4 million, increasing 125% over 2018 gross profit of $5.5 million due to improving margins...
