Month: October 2020

IBC Announces Incentive Stock Options Awards

FRANKLIN, Ind., Oct. 30, 2020 (GLOBE NEWSWIRE) — IBC Advanced Alloys Corp. (“IBC” or the “Company”) (TSX-V: IB; OTCQB: IAALF) announces that, pursuant to its stock option plan, it has granted incentive stock options to its officers, employees, and consultants to purchase up to an aggregate of 920,000 common shares in the capital stock of the Company, exercisable for a period of five years from the date of grant at a price of C$0.15 per share. The options vest as follows: 25% vests immediately; 25% will vest on the first anniversary date of the grant; 25% will vest on the second anniversary date of the grant; and 25% will vest on the third anniversary of the date of the grant.On Behalf of the Board of Directors:“Mark Smith”Mark Smith, ChairmanContact:Mark A. Smith, CEO and Board ChairmanJim Sims, Director of Investor and Public...

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Aura Minerals Inc. Announces Results of 2020 Annual General and Special Meeting of Shareholders

ROAD TOWN, British Virgin Islands, Oct. 30, 2020 (GLOBE NEWSWIRE) — Aura Minerals Inc. (“Aura” or the “Company”) (TSX: ORA) (B3: AURA32), announces the voting results from its Annual General and Special Meeting of Shareholders that was held on October 30, 2020 via live webcast.Votes at the MeetingFor additional details on these matters, please see the management information circular of the Company dated September 29, 2020.1. Election of Directors. Voting results for the election of Directors are as follows:2. Appointment and Remuneration of Auditors. Voting results for the appointment of PricewaterhouseCoopers LLP, Chartered Professional Accountants and PricewaterhouseCoopers Auditores Independientes, as auditors of the Company and to authorize the board to fix their remuneration, are as follows:3. Company’s Incentive Stock Option...

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Alcanna Completes the Previously Announced Transaction Regarding the Sale of 8 Liquor Stores on Vancouver Island

EDMONTON, Alberta, Oct. 30, 2020 (GLOBE NEWSWIRE) — Further to its news release dated October 9, 2020, Alcanna Inc. (the “Company” or “Alcanna”) (TSX: CLIQ) today announced the successful closing of the Company’s sale of eight (8) convenience-format liquor stores on Vancouver Island, British Columbia to Mid-Island Consumer Services Co-operative (“Mid-Island Co-op”).The total purchase price was approximately $21.2 million, inclusive of inventory and other assets. Alcanna received approximately $20.9 million on closing and anticipates receiving up to an additional $0.3 million prior to the end of 2020 as part of the post-closing price adjustments. The stores will continue to be operated under the Liquor Depot banner for a period of up to three months as part of the transitional services provided by the Company.The proceeds from the...

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Eurogas International Inc. Announces 2020 Third Quarter Financial Results

TORONTO, Oct. 30, 2020 (GLOBE NEWSWIRE) — Eurogas International Inc. (CSE: EI) (“Eurogas International” or the “Corporation”) today announced its 2020 third quarter financial results. The Corporation’s unaudited condensed interim financial statements, along with the accompanying management’s discussion and analysis have been filed on the System for Electronic Document Analysis and Retrieval (“SEDAR”) and may be viewed by interested parties under the Corporation’s profile at www.sedar.com or the Corporation’s website at www.eurogasinternational.com.FORWARD–LOOKING STATEMENTSCertain information set forth in this document, including management’s assessment of the Corporation’s future plans and operations, contains forward-looking statements. Forward-looking statements are statements that are predictive in nature, depend upon or...

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Toscana Energy and i3 Energy Complete Arrangement

CALGARY, Alberta, Oct. 30, 2020 (GLOBE NEWSWIRE) — i3 Energy plc (i3 Energy) (AIM: I3E) and Toscana Energy Income Corporation (Toscana or the Company) (TSX: TEI) are pleased to announce that the previously announced transaction (Transaction) pursuant to which i3 Energy will acquire all of the issued and outstanding shares in the capital of Toscana (Toscana Shares) has been successfully completed.In connection with the Transaction, an aggregate of 4,399,215 ordinary shares in the capital of i3 Energy (i3 Shares) were issued to Toscana shareholders in exchange for their Toscana Shares on the basis of 0.03031261 of an i3 Share for each Toscana Share. Following completion of the Transaction, an aggregate of 700,054,815 i3 Shares are issued and outstanding.Also in connection with the Transaction, i3 Energy made application and was conditionally...

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“Four Reasons for Ohio”: Despite Nearly 66,000 Taat Units Sold Pre-Launch in Other Markets, Taat CEO Gives Video Statement Regarding Decision to Launch Taat in Ohio

In its October 6, 2020 press release, the Company announced the U.S. launch of Taat would occur in the state of Ohio in mid-Q4 2020. Despite stellar performance of small-scale test batches of Taat in other states, including a 72-hour sell-out in Nevada in August 2020 and total unit turnover of nearly 66,000 units, the Company’s decision to launch specifically in Ohio was based on several strategic factors which are detailed by CEO Setti Coscarella in a video statement dated October 30, 2020.LAS VEGAS and VANCOUVER, British Columbia, Oct. 30, 2020 (GLOBE NEWSWIRE) — TAAT LIFESTYLE & WELLNESS LTD. (CSE: TAAT) (OTCQB: TOBAF) (FRANKFURT: 2TP2) (the “Company” or “Taat”) has issued a video statement by its Chief Executive Officer Setti Coscarella detailing the Company’s rationale for selecting Ohio as the launch market in the United...

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Adevinta ASA (ADE) – OLX Brazil completes the acquisition of 100% of Grupo ZAP

The transaction supports OLX’s mission to reinvent the Brazilian consumer model and positions OLX Brazil as a key player in the real estate marketAmsterdam, Oslo and Sao Paulo, 30 October 2020 – OLX Brazil, the 50/50 joint venture between Adevinta ASA (OSE: ADE) and Prosus NV (AMS: PRX), announces today that it has completed the acquisition of Grupo ZAP, announced in March, for a total cash consideration of approximately R$2.9 billion. The investment has been equally financed by OLX Brazil’s two shareholders. The transaction received regulatory approval on 1 October by Cade, the Brazilian antitrust authority. As of today, OLX Brazil starts operating in the real estate market under the OLX, ZAP and Viva Real brands, with complementary positions to meet the different demands of end users, private advertisers and professionals within...

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Westbury Bancorp, Inc. Reports Net Income for the Three Months and Year Ended September 30, 2020

WEST BEND, Wis., Oct. 30, 2020 (GLOBE NEWSWIRE) — Westbury Bancorp, Inc. (OTCQX: WBBW), the holding company (the “Company”) for Westbury Bank (the “Bank”), today announced net income of $1.9 million, or $0.76 per common share for the three months ended September 30, 2020, and $7.2 million, or $2.59 per common share, for the year ended September 30, 2020, compared to net income of $1.9 million, or $0.59 per common share for the three months ended September 30, 2019, and net income of $6.9 million, or $2.15 per common share, for the year ended September 30, 2019. Highlights for the year included:During the year ended September 30, 2020, our net loan portfolio increased by $31.7 million, or 3.70%. The portfolio increase occurred primarily in commercial business – PPP loans, multifamily and home equity line of credit loans, offset...

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First US Bancshares, Inc. Announces Third Quarter 2020 Results

BIRMINGHAM, Ala., Oct. 30, 2020 (GLOBE NEWSWIRE) — First US Bancshares, Inc. (Nasdaq: FUSB) (the “Company”), the parent company of First US Bank (the “Bank”), today reported net income of $0.4 million, or $0.06 per diluted share, for the quarter ended September 30, 2020 (“3Q2020”), compared to $0.4 million, or $0.06 per diluted share, for the quarter ended June 30, 2020 (“2Q2020”) and $1.1 million, or $0.16 per diluted share, for the quarter ended September 30, 2019 (“3Q2019”). For the nine months ended September 30, 2020, the Company’s net income totaled $1.7 million, or $0.25 per diluted share, compared to $3.4 million, or $0.49 per diluted share, for the nine months ended September 30, 2019.Net interest income improved to $9.0 million in 3Q2020, compared to $8.6 million in the previous quarter. The increase in net interest income...

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EV Battery Tech Closes Acquisition to Bring Patented BMS Technology to North America, South America, Europe and Africa

VANCOUVER, British Columbia, Oct. 30, 2020 (GLOBE NEWSWIRE) — Extreme Vehicle Battery Technologies Corp. (the “Company” or “EV Battery Tech”) (CSE: ACDC) is pleased to announce that it has signed a marketing and development agreement with Jiangsu RichPower New Energy Co. Ltd. (“RichPower”) and Intelligent Battery Technologies (“IBT”) and closed the acquisition contemplated in its distribution and technology license agreement with Rich Power and IBT (the “Definitive Agreement”).RichPower is a leader in the battery management system (BMS) and energy storage system (ESS) industries in China. A vertically integrated company, RichPower is involved in activities ranging from research and development to battery production. RichPower operates facilities in Shanghai and Suzhou, two of the largest cities in China. The facilities are host...

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