Day: November 17, 2020

Galane Gold Releases Financial and Operating Results for Q3 2020

TORONTO, Nov. 17, 2020 (GLOBE NEWSWIRE) — Galane Gold Ltd. (“Galane Gold” or the “Company”) (TSX-V: GG; OTCQB: GGGOF) is pleased to announce the release of its financial results for the three and nine months ended September 30, 2020.A copy of the unaudited condensed consolidated interim financial statements for the three and nine months ended September 30, 2020 (the “Interim Financial Statements”) prepared in accordance with International Financial Reporting Standards and the corresponding Management’s Discussion and Analysis (the “MD&A”) are available under the Company’s profile on www.sedar.com. All references to “$” in this press release refer to United States dollars.Third Quarter 2020 Highlights7,974 ounces produced at Mupane with an average sale price of $1,872 per ounce.1,284 ounces produced at Galaxy with the final...

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Linx Extraordinary General Meeting Approves Business Combination With Stone

SÃO PAULO, Brazil, Nov. 17, 2020 (GLOBE NEWSWIRE) — StoneCo Ltd. (Nasdaq: STNE) (“Stone”), a leading provider of financial technology solutions that empower merchants to conduct commerce seamlessly across multiple channels, today announces that the Linx Extraordinary General Meeting held on this date approved the business combination between STNE Participações S.A. (“STNE”), a controlled company of Stone that holds the software investments business of the Stone group in Brazil and Linx S.A. (B3: LINX3; NYSE: LINX) (“Linx”), a leading provider of retail management software in Brazil (“Transaction”).The Linx Extraordinary General meeting (“ESM”) held today deliberated on Stone’s Transaction and voted in favor of the following:With the approval by the Linx Shareholders in the ESM, the Transaction is now pending antitrust (CADE) approval...

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Harvest Oil & Gas Announces Third Quarter 2020 Results

HOUSTON, Nov. 17, 2020 (GLOBE NEWSWIRE) — Harvest Oil & Gas Corp. (OTCQX: HRST) (“Harvest” or the “Company”) today announced results for the third quarter of 2020.Key HighlightsAverage daily production was 31.8 MMcfe for the third quarter of 2020On July 7, 2020, the Company entered into a definitive agreement to sell its Appalachian Basin assetsOn August 4, 2020, the Company closed on its previously announced sale of its Michigan propertiesOn August 7, 2020, the Company announced a one-time cash distribution of $10.00 per share payable on August 24, 2020 to shareholders of record as of August 17, 2020On October 23, 2020, the Company closed on its previously announced sale of its Appalachia properties for $21.9 million, subject to customary purchase price adjustments; the transaction was funded with a $21.9 million senior secured...

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Vigil Reports Profitable Second Quarter

VICTORIA, British Columbia, Nov. 17, 2020 (GLOBE NEWSWIRE) — Vigil Health Solutions Inc. (“Vigil”) announces the results of operations for the quarter ending September 30, 2020.Developments in the QuarterRevenue of $1.37 million compared to $1.23 million in the three month period ended September 30, 2019.Earnings before income taxes were $208 thousand compared to losses of $168 thousand in the three month period ended September 30, 2019.Sales bookings for the quarter were $1.57 million compared to $1.13 million in the three month period ended September 30, 2019.Adjusted EBITDA of $266 thousand compared to negative Adjusted EBITDA of $136 thousand in the three months ended September 30, 2019.“As an essential service, it is more important than ever that senior housing providers are able to deliver the critical care their residents...

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WOW Unlimited Media Inc. Announces Closing of First Tranche of Non-brokered Private Placement of Unsecured Convertible Debentures

VANCOUVER, British Columbia, Nov. 17, 2020 (GLOBE NEWSWIRE) — WOW Unlimited Media Inc. (“WOW!” or the “Company”) (TSXV: WOW; OTCQX: WOWMF) is pleased to announce that it has closed the first tranche (the “First Tranche Closing”) of its previously announced non-brokered private placement offering of unsecured subordinated convertible debentures (the “Debentures”) for gross proceeds of $2,639,000. WOW has also received irrevocable subscriptions for an additional $2,061,000, for a total offering size of $4,700,000 (the “Offering”), representing a $200,000 upsize due to increased demand since the Company’s first announcement of the Offering on October 28, 2020.Pursuant to the First Tranche Closing, WOW! issued 2,639 Debentures at an issue price of $1,000 per $1,000 principal amount of Debentures.The Debentures were issued pursuant to...

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Suncor Energy announces Jean Paul Gladu to join Board of Directors

CALGARY, Alberta, Nov. 17, 2020 (GLOBE NEWSWIRE) — Suncor today announced the appointment of Jean Paul (JP) Gladu to the company’s Board of Directors. Mr. Gladu’s appointment is effective Nov. 17, 2020.“I’m pleased that JP is joining Suncor’s Board of Directors,” said Board Chair Michael Wilson. “For more than 25 years, JP has worked to build relationships among Canada’s natural resource sectors and Indigenous communities and organizations, and environmental non-government organizations. He has played a significant part in the increasing role for and development of Indigenous-owned businesses within Canada. The Board is looking forward to working closely with him.”JP Gladu is currently the President of A2A Rail and serves on the Board of Noront Resources. Mr. Gladu will transition from his role as Chair of the Mikisew Group of Companies...

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Suncor Énergie annonce l’arrivée de Jean Paul Gladu au sein de son conseil d’administration

CALGARY, Alberta, 17 nov. 2020 (GLOBE NEWSWIRE) — Suncor a annoncé aujourd’hui la nomination de Jean Paul (JP) Gladu à titre de membre du conseil d’administration de l’entreprise. La nomination de M. Gladu entre en vigueur le 17 novembre 2020.« Je suis heureux d’accueillir JP au conseil d’administration de Suncor, a mentionné Michael Wilson, président du conseil d’administration. Depuis plus de 25 ans, JP travaille à bâtir des relations dans les secteurs des ressources naturelles, les communautés et organismes autochtones et les organisations non gouvernementales de l’environnement à l’échelle du Canada. Il a grandement contribué au rôle croissant des entreprises autochtones au Canada ainsi qu’au développement de celles-ci. Le conseil est impatient de travailler en étroite collaboration...

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Flow Capital Announces 2020 Third Quarter Results

TORONTO, Nov. 17, 2020 (GLOBE NEWSWIRE) — Flow Capital Corp. (TSXV: FW) (“Flow Capital”) today announced its financial and operating results for the three-month and nine-month periods ended September 30, 2020. Financial references are in Canadian dollars unless otherwise specified.2020 Third Quarter HighlightsEstimated book value at the end of Q3 of approximately $0.55 per share; year-to-date (YTD) growth of more than 21% from the book value at the year-end December 31, 2019Q3 total revenue under IFRS $3,839,000; YTD $6,767,000Q3 net income from continuing operations of $1,846,000; YTD $1,504,000Q3 adjusted EBITDA(1) of $1,520,000; YTD $2,356,000Q3 cash generated from operations of $1,567,000; YTD $2,230,000“In the third quarter, we achieved a steady growth in revenue as well as high levels of operating efficiency and resource allocation....

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Oncternal Therapeutics Announces $20.0 Million Bought Deal Offering

SAN DIEGO, Nov. 17, 2020 (GLOBE NEWSWIRE) — Oncternal Therapeutics, Inc. (Nasdaq: ONCT), a clinical-stage biopharmaceutical company focused on the development of novel oncology therapies, today announced that it has entered into an underwriting agreement with H.C. Wainwright & Co., LLC under which the underwriter has agreed to purchase on a firm commitment basis 6,451,613 shares of common stock of the Company, at a price to the public of $3.10 per share, less underwriting discounts and commissions. The closing of the offering is expected to occur on or about November 20, 2020, subject to satisfaction of customary closing conditions.H.C. Wainwright & Co. is acting as the sole book-running manager for the offering.The Company also has granted to the underwriter a 30-day option to purchase up to an additional 967,741 shares...

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Franklin Wireless Reports Record Quarterly Revenue of $62.6 Million

EPS Increases to $0.65 per Basic ShareBalance Sheet Fortified with $43.3 Million in Cash, No DebtSAN DIEGO, Nov. 17, 2020 (GLOBE NEWSWIRE) —  Franklin Wireless Corp.(FKWL), a market leader in broadband data communications including hardware and software solutions for M2M and the IoT (Internet of Things), today announced record financial results for the first fiscal quarter, the period ended September 30, 2020.Financial and Operational HighlightsFirst quarter revenues increased 605% to a record $62.6 million.First quarter operating income of $9.2 million versus $276,000 in the first quarter last year.First quarter net income increased to $6.9 million, a positive swing of $6.6 million versus the first quarter last year.“The record quarterly results reflect continued strong demand for our solutions as schools and businesses adapt to...

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