Day: November 25, 2020

Avante Logixx Inc. Announces Revenue of $23.6MM and Adjusted EBITDA of $2.2MM For the Second Quarter Ended September 30, 2020

Not for distribution to U.S. news wire services or for dissemination in the United StatesTORONTO, Nov. 25, 2020 (GLOBE NEWSWIRE) — Avante Logixx Inc. (TSX.V: XX) (OTC: ALXXF) (“Avante” or the “Company”) is pleased to announce its results for the three-month period ended September 30, 2020 (all amounts in thousands of Canadian dollars, unless otherwise indicated).RESULTS FOR THE THREE-MONTH PERIOD ENDED SEPTEMBER 30, 2020“I am extremely proud of our results and most importantly our team for continuing to provide exceptional service, win new customers and grow our businesses in a meaningful way during these uncertain times,” said Craig Campbell, CEO and Director of Avante. “When I joined Avante in 2018, I set out a clear vision and path to transform the business from a small, regional company to a more diversified, multi platform...

Continue reading

Delta 9 Develops Proprietary Decontamination Technology to Help Fight COVID-19 Pandemic

WINNIPEG, Manitoba, Nov. 25, 2020 (GLOBE NEWSWIRE) — DELTA 9 CANNABIS INC. (TSX: DN) (OTCQX: VRNDF) (“Delta 9” or the “Company”), is pleased to announce that it has developed and validated new proprietary decontamination equipment, branded the “Decontamination Pod” (or “D-Pod”), which can be used to decontaminate medical supplies, personal protective equipment (“PPE”), and other equipment.Canadian and US patent applications have been filed on behalf of the Company for the D-Pod, which is a standard shipping container retrofitted to include heating and ultraviolet light technologies. When PPE or other materials are placed inside the treatment area of the D-Pod, the combination of heat and UVC is sufficient to kill the COVID-19 virus.“This technology could be a game changer for governments, hospitals, and care-facilities...

Continue reading

Galaxy Gaming Announces Date of 2021 Virtual Annual Meeting of Stockholders

LAS VEGAS, Nov. 25, 2020 (GLOBE NEWSWIRE) — Galaxy Gaming, Inc. (the “Company”) (OTCQB: GLXZ), a developer and distributor of casino table games and enhanced systems, announced today that its Annual Meeting of Stockholders will be held virtually on February 16, 2021. The purpose of the meeting is to (i) elect one member of the Company’s Board of Directors to serve for a three year term expiring in 2024; elect two members of the Company’s Board of Directors to serve for two (2) year terms expiring in 2023; and elect one member of the Company’s Board of Directors to serve for a (1) year term expiring in 2022; (ii) to ratify the appointment of Moss Adams, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2021 and (iii) to transact such other business as may properly come before...

Continue reading

Firm Capital Mortgage Investment Corporation Announces the Launching of Its Direct to Consumer Retail Residential Mortgage Lending Platform – FC Mortgage

TORONTO, Nov. 25, 2020 (GLOBE NEWSWIRE) — Firm Capital Mortgage Investment Corporation (the “Corporation”) (TSX: FC) is pleased to announce the launching of its direct to consumer retail residential mortgage lending platform – FC Mortgage. FC Mortgage aims to lend to Canadian home owners and foreign investors and will focus on residential first & second mortgages and lines of credit in the Greater Toronto Area (GTA) market. Pricing will be based on loan to value with interest rates starting at 5% and ranging to 9% per annum. Loan to value percentages will determine the interest-rate, with mortgage terms of 1 to 2 years offered, so that borrowers can establish a payment history and refinance with a chartered bank at maturity.Please visit www.FCMortgages.ca for more details.ABOUT THE CORPORATIONWhere Mortgage...

Continue reading

Arrow Exploration Announces Third Quarter 2020 Financial and Operating Results

CALGARY, Alberta, Nov. 25, 2020 (GLOBE NEWSWIRE) — ARROW Exploration Corp. (“Arrow” or the “Company”) (TSXV: AXL) is pleased to announce the filing of its unaudited Financial Statements and MD&A for the quarter-ended September 30th, 2020, which are available on SEDAR (www.sedar.com). The financial and operating highlights for the quarter include the following:FINANCIAL AND OPERATING HIGHLIGHTSBridge LoanIn addition Carrao Energy S.A. (“Carrao”), the Company’s subsidiary, has repaid the bridge loan (“Bridge Loan”) previously provided to Carrao by Colombia Energy Development Co. (“CEDCO”), an affiliate of COG Energy Ltd., which is the purchaser of the LLA-23 Block. The bridge loan was previously announced by the Company on October 22nd, 2020.About ARROW ExplorationArrow Exploration Corp. (operating in Colombia via a branch of...

Continue reading

Athabasca Minerals Announces Q3 2020 Financial Results and Investor Update

CALGARY, Alberta, Nov. 25, 2020 (GLOBE NEWSWIRE) — Athabasca Minerals Inc. (“Athabasca” or the “Corporation”) (TSXV:AMI) announces its financial results for the third quarter ended September 30, 2020. The Corporation’s financial statements and management’s discussion and analysis (“MD&A”) are available on SEDAR at www.sedar.com and on the Athabasca Minerals Inc. website at www.athabascaminerals.com. The Corporation also announces the Q3 2020 Results Investor Update to be held on December 1, 2020.In the third quarter of 2020, Athabasca reported consolidated revenue of $0.4 million ($0.1 million in Q3 2019) with a total loss and comprehensive loss of $1.1 million, compared to income of $0.8 million in Q3 2019.Robert Beekhuizen stated: “Despite the challenges of COVID-19, AMI and our group of companies continues to focus on our...

Continue reading

Marathon Gold Announces a Strategic Flow-Through Financing with Mr. Pierre Lassonde

TORONTO, Nov. 25, 2020 (GLOBE NEWSWIRE) — Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) is pleased to announce a strategic flow-through financing to continue the Company’s successful exploration program at the Valentine Gold Project in central Newfoundland.The non-brokered private placement offering consists of 3,037,418 flow-through common shares priced at C$2.85 per flow-through common share for total proceeds of C$8,656,641 (“the Offering”).As part of the Offering, Marathon is pleased to have existing shareholder Pierre Lassonde as a strategic investor of the company. Mr. Lassonde has indicated that he intends to subscribe for such number of flow-through common shares of the Offering totalling C$7.5 million. The balance of the Offering has been subscribed for by Trinity Capital Partners Corporation and members...

Continue reading

Cameo Industries Corp. Acquires Saganaga Gold and Silver Project in Ontario

VANCOUVER, British Columbia, Nov. 25, 2020 (GLOBE NEWSWIRE) — Cameo Industries Corp. (CSE: CRU) (OTC: CRUUF) (FWB: SY7N) (the “Company” or “Cameo”) is pleased to announce that it has closed an arm’s length share purchase agreement dated November 16, 2020 resulting in the acquisition (the “Acquisition”) of 2752300 Ontario Inc. 2752300 Ontario Inc. is a private company formed under the laws of Ontario, whose sole asset is an option agreement (the “Option Agreement’) with Benton Resources Inc. (“Benton”) dated July 31, 2020, whereby 2752300 Ontario Inc. has the option to earn up to a 100% interest in the Saganaga Gold and Silver Project (“Saganaga Project”) located 120 km west of Thunder Bay, Ontario (Figure 1). The Saganaga Project consists of 27 mineral claims (350 claim units) that cover a number of high-grade gold and silver occurrences...

Continue reading

ARHT Media Announces Extension of 2020 Series A Debentures

TORONTO, Nov. 25, 2020 (GLOBE NEWSWIRE) — ARHT Media Inc. (“ARHT” or the “Company”) (TSXV:ART), announces that it intends to extend the maturity date of its 2020 Series A Debentures (the “Debentures“) until December 30, 2021 (the “New Maturity Date“).On January 30, 2020, the Company completed the private placement of Debentures for total gross proceeds of $1.6 million, representing an aggregate of $1,744,000 principal amount of Debentures. The Debentures are secured by way of a general security agreement made in favour of a collateral agent acting as agent for all of the holders of the Debentures, granting a security interest in substantially all of the Company’s assets.The Debentures were issued at a price of $0.9175 for each $1 of principal amount subscribed for, representing a 12% discount to the...

Continue reading

Bright Mountain Media Reports Record Third Quarter 2020 Financial Results

Company Continues to Successfully Execute on Rollup StrategyBoca Raton, FL, Nov. 25, 2020 (GLOBE NEWSWIRE) — Bright Mountain Media, Inc. (OTCQB: BMTM), an end-to-end digital media and advertising services platform, has provided its financial results for the third quarter ended September 30, 2020.Management Commentary“The third quarter of 2020 was highlighted by our continued revenue growth – a testament to the successful execution of our rollup strategy – with the goal of creating an industry leading digital media and advertising services platform,” said Kip Speyer, Chairman and Chief Executive Officer of Bright Mountain Media. “We continue to integrate Wild Sky Media post-acquisition and have been satisfied with the immense contributions their team has made to the broader organization thus far, expanding our reach into...

Continue reading