Month: March 2020

All amounts in Canadian dollars unless otherwise stated.TORONTO, March 18, 2020 (GLOBE NEWSWIRE) — Brookfield Asset Management Inc. (“Brookfield”) (TSX: BAM.A; NYSE: BAM) reports that, through its affiliates, Brookfield has acquired, in aggregate, 1,172,339 common shares (the “Common Shares”) in the capital of TransAlta Corporation (“TransAlta”) on the Toronto Stock Exchange in open market purchases for aggregate cash consideration of $6,691,167, at prices between $5.64 per Common Share and $5.74 per Common Share (the “Transaction”).Prior to giving effect to the Transaction, Brookfield owned or had control over an aggregate of 26,895,708 Common Shares representing approximately 9.7% of the issued and outstanding Common Shares, calculated on an undiluted basis. Following the Transaction, Brookfield owned or had control over an aggregate...

CALGARY, Alberta, March 18, 2020 (GLOBE NEWSWIRE) — Cordy Oilfield Services Inc. (“Cordy” or the “Company”) (TSX VENTURE: CKK) is pleased to announce that, further to its March 10, 2020 news release, it has completed its acquisition of the assets and business of Platinum North Resources Ltd. (“Platinum North”) and Heart River Holdings (2011) Ltd. (the “Acquisition”)Cordy is pleased to confirm the appointment of Craig Heitrich as Vice President and Chief Operating Officer.  Craig was most recently the President and Chief Executive Officer of Platinum North and brings with him a depth of experience and customer relationships. Despite the challenging times in the market and in our communities today, Cordy remains excited that in completing the Acquisition we have expanded our reach and capacity and further advanced our platform for...

CALGARY, Alberta, March 18, 2020 (GLOBE NEWSWIRE) — Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) is pleased to report its financial and operating results for the three months and year ended December 31, 2019.  Dollar amounts are expressed in United States dollars (“USD”), except as otherwise noted.Charle Gamba, President and CEO of the Corporation, commented: “In 2019 the Corporation achieved several important goals with respect to growing its gas business in Colombia including a 26% increase in gas sales year over year related to the expansion of transportation infrastructure, a 12% increase in 2P reserves year over year related to continued exploration and development success, the award of three new conventional gas exploration blocks in the 2019 exploration bid round and the sale of our...

CALGARY, Alberta, March 18, 2020 (GLOBE NEWSWIRE) — ARROW Exploration Corp. (“Arrow” or the “Company”) (TSXV: AXL) is pleased to report the proxy tabulation results (“Cut Off Tabulation”) from Computershare Trust in connection with it its Annual General and Special Meeting to be held on March 19, 2020 (the “Meeting”).The Cut Off Tabulation is not the final tabulation for the voting results of the Meeting but is the result of the tabulation of all the properly submitted proxies by shareholders in advance of the proxy cut off time.  These votes are supplemented by registered shareholders who are in attendance, in person or by proxy, at the Meeting. The Cut Off Tabulation results are as follows:The Board of Directors wishes to thank shareholders for their support and demonstrating the support for the proposed slate of directors and...

MONTREAL, March 18, 2020 (GLOBE NEWSWIRE) — Canadian Metals Inc. (“CME” or the “Company”) (CSE: CME) announces that it has entered into debt settlement agreements with arms-length parties (the “Creditors“) to settle an aggregate C$141,975 in debt (the “Debt“). In settlement of the Debt, the Company will issue an aggregate of 567,901 common shares in the capital of the Company (the “Debt Shares“) at a deemed price of C$0.25 per Debt Share (the “Debt Settlement“).The Debt will be completely satisfied and extinguished upon the issuance of the Debt Shares.All securities issued in connection with the Debt Settlement are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.Closing of the Debt Settlement...

SYDNEY, Australia, March 18, 2020 (GLOBE NEWSWIRE) — Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm, has launched a research study examining the cyber security market in Australia.The study results will be published in a comprehensive ISG Provider Lens™ report, called Cyber Security ­­– Solutions & Services for Australia, scheduled to be released in August. The report will cover a broad range of cyber security products and services available in Australia, including identity and access management products and loss-prevention products.“Data and IT infrastructures are constantly exposed to criminal threats,” said Scott Bertsch, partner and regional leader, ISG Asia Pacific. “Even as executives struggle to justify investments, cyber security consulting, user training and constantly...

HOUSTON, March 18, 2020 (GLOBE NEWSWIRE) — Targa Resources Corp. (NYSE: TRGP) (“Targa” or the “Company”) announced today that its Board of Directors approved a reduction in the Company’s quarterly common dividend to $0.10 per share for the quarter ended March 31, 2020 from $0.91 per share in the previous quarter. This reduction provides for approximately $755 million of additional annual direct cash flow, resulting in significant free cash flow available to reduce debt. Targa is also reducing its estimated 2020 net growth capital expenditures to approximately $800 to $900 million from its previously communicated range of $1.2 billion to $1.3 billion, which represents a 32 percent reduction at the midpoint of both ranges. The vast majority of spending is for major ongoing growth capital projects where the...

TORONTO, March 18, 2020 (GLOBE NEWSWIRE) — Faircourt Asset Management Inc., as Manager of the Faircourt Funds (NEO:FGX), (NEO:FCS.UN), is pleased to announce the monthly distributions payable on the Shares and Trust Units of the below listed Funds.      Faircourt Asset Management Inc. is the Investment Advisor for Faircourt Gold Income Corp. and Faircourt Split Trust. This press release is not for distribution in the United States or over United States wire services.For further information on the Faircourt Funds, please visit www.faircourtassetmgt.com orplease contact 1-800-831-0304.You will usually pay brokerage fees to your dealer if you purchase or sell Units of the Trust on the NEO Exchange or other alternative Canadian trading system (an “exchange”). If the Units are purchased or sold on an exchange, investors may pay more...

VANCOUVER, British Columbia, March 18, 2020 (GLOBE NEWSWIRE) — Photon Control Inc. (“Photon Control” or the “Company”) (TSX: PHO), a leading developer and supplier of optical measurement technologies to the global semiconductor industry, has reported its financial results for the three months and year ended December 31, 2019.Fourth Quarter Highlights:Revenue of $8.9 million;Earnings before finance income, accretion expense, income taxes, depreciation, amortization and foreign exchange gain or loss (“EBITDA”)1 of $2.1 million or 24% of revenue;Net income of $0.7 million;Order backlog of $20.8 million at December 31, 2019; and,Cash and cash equivalents of $33.4 million at December 31, 2019.“We are pleased to report positive momentum in our business as 2019 concluded, with second-half revenues increasing 16% versus the first-half of...

DUBLIN, March 18, 2020 (GLOBE NEWSWIRE) —  Medtronic plc (NYSE:MDT), the global leader in medical technology, today announcedthat it will more than double its capacity to manufacture and supply ventilators, in response to the urgent needs of patients and healthcare system across the globe as we confront the COVID-19 virus.Medtronic recognizes the acute need for ventilators as life-saving devices in the management of COVID-19 infections. Ventilators can play a critical role in the management of patients with severe respiratory illness, such as COVID-19, who require assistance because they cannot breathe effectively. By placing a patient on a ventilator, the patient’s lungs are permitted to rest and recover while the ventilator performs the functions of supplying oxygen and simulating the actions of breathing. Without ventilation...