Month: November 2020
Not for distribution in the U.S. or to U.S. newswire services.CALGARY, Alberta, Nov. 30, 2020 (GLOBE NEWSWIRE) — Colson Capital Corp. (TSXV: COLSP) (“Colson” or the “Corporation“) and The Clinic Network Canada Inc. (“TCNC”), through its parent holding corporation, are pleased to announce that they have entered into a non-binding letter of intent (the “LOI”) dated September 12, 2020 with respect to a proposed reverse takeover whereby Colson will acquire all of the issued and outstanding shares of a newly incorporated federal corporation, Pathway Health Corp. (“SpinCo”), following the acquisition by SpinCo of all of the business and assets of TCNC in consideration for the issuance of common shares of the Corporation (the “Transaction”).Colson intends that the Transaction will constitute its Qualifying Transaction, as such...
Generation Mining Earns 80% of Marathon Palladium Project
Written by Customer Service on . Posted in Public Companies.
TORONTO, Nov. 30, 2020 (GLOBE NEWSWIRE) — Generation Mining Limited (TSX: GENM) (OTCQB: GENMF) (“Gen Mining” or the “Company”) is pleased to announce that it has completed all the requirements to earn an 80% interest in the Marathon Palladium-Copper (“Project”) .Gen Mining acquired a 51% interest in the Project from Sibanye-Stillwater Limited (“Sibanye Stillwater”) on July 10, 2019 including an option to increase its interest to 80% by completing a Preliminary Economic Assessment (“PEA”) and spending all joint venture expenditures aggregating $10 million within a period of four years (“the Sole Funding Period”). With the completion of the PEA and the spending of the $10 million, Gen Mining has now been transferred the additional 29% interest in the Project and the Sole Funding Period has terminated. As a result Gen Mining and Sibanye...
The CarMax Foundation to Donate up to $650,000 in Support of #GivingTuesday Campaign
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Richmond, Virginia, Nov. 30, 2020 (GLOBE NEWSWIRE) — Each year, millions of Americans participate in #GivingTuesday – a day of global giving. This year CarMax, the nation’s largest retailer of used cars, and The CarMax Foundation will launch a new initiative to help associates get involved. Tomorrow, The CarMax Foundation will provide all 25,000+ CarMax associates with a $25 credit – or electronic ”Care Card” – to donate to an eligible nonprofit of their choice. With full associate participation in this initiative, the Foundation is poised to donate $650,000 to nonprofit organizations across the United States. Serving as an extension of the existing gift matching program, associates will have the ability to log into the CarMax Associate Giving Portal and designate a nonprofit to receive the funds. The CarMax Foundation worked with...
RJD Green Inc. Executes a Definitive Purchase Agreement for the Silex Holdings Division
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TULSA, OK, Nov. 30, 2020 (GLOBE NEWSWIRE) — via NewMediaWire — RJD Green Inc. (OTCPK: RJDG) announced they have executed a definitive purchase agreement with a premier mid-west regional fabricator of stone and engineered stone products. The closing date is scheduled for February 1, 2021.The Company, formed in 1995, is a leading regional provider of premium quality natural stone and engineered stone products, with totally automated fabrication systems in place to achieve highest quality control and premium products.The Company combined with the existing Silex Interiors fabrication operations creates over $10,000,000 in annual revenues for the Silex Holdings Division prior to the immediate growth opportunities. Ron Brewer, CEO, stated, “This acquisition solidifies our construction products and services division by combining two...
Protech Home Medical Announces Record Preliminary Fourth Quarter 2020 Results
Written by Customer Service on . Posted in Earnings Releases And Operating Results.
Ebitda Margin Acceleration ContinuesBusiness Remains Robust Into Fiscal Q1 2021CINCINNATI, Nov. 30, 2020 (GLOBE NEWSWIRE) — Protech Home Medical Corp. (the “Company” or “Protech”) (TSXV:PTQ; OTCQX:PTQQF), a U.S. based leader in the home medical equipment industry, focused on end-to-end respiratory care, is pleased to announce record preliminary financial results for the fourth quarter of 2020, ending September 30, 2020.Preliminary Financial Results – Quarter Ended September 30, 2020Revenue in the range of $26.1 million to $26.5 million. The Company experienced robust organic growth in the fourth quarter, however the reported CAD revenue amount was offset by a weakening of the US dollar relative the Canadian dollar by approximately 4%.Adjusted EBITDA in the range of $5.6 million to $6.1 million.“We are extremely satisfied with...
SHARC Energy Reports on Q3 2020
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VANCOUVER, British Columbia, Nov. 30, 2020 (GLOBE NEWSWIRE) — SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) (“SHARC Energy” or the “Company”) has filed its financial results for the third quarter ended September 30, 2020 on www.sedar.com. All figures are in CDN unless otherwise noted.Third Quarter and Year to date Financial Highlights:Revenue for the three months ended September 30, 2020 (“Q3 2020”) and the nine months ended September 30, 2020 (“YTD 2020”) was $0.426M and $0.594M, respectively, representing an increase of $0.348M and $0.470M from the three months ended September 30, 2019 (“Q3 2019”) and nine months ended September 30, 2020 (“YTD 2019”). This represented the largest revenue quarter for the Company in the past 8 most recent quarters and its largest since the quarter ended March...
CCL Industries Announces Closing of Super Enterprises Acquisition
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TORONTO, Nov. 30, 2020 (GLOBE NEWSWIRE) — CCL Industries Inc. (TSX:CCL.A) (TSX:CCL.B), a world leader in specialty label, security and packaging solutions for global corporations, government institutions, small businesses and consumers, announced today the closing of the acquisition of Super Enterprises Printing (Malaysia) Sdn. Bhd. (“SEP”), based in Kuala Lumpur, Malaysia. The company now trades as “CCL Design” with immediate effect.Forward-looking StatementsThis press release contains forward-looking information and forward-looking statements, as defined under applicable securities laws, (hereinafter collectively referred to as “forward-looking statements”) that involve a number of risks and uncertainties. Forward-looking statements include all statements that are predictive in nature or depend on future events or conditions....
ORYX Gaming Partners Enters Swiss Market with mycasino.ch Partnership
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TORONTO, Nov. 30, 2020 (GLOBE NEWSWIRE) — ORYX Gaming, a Bragg Gaming Group company (TSXV: BRAG, OTC:BRGGF), is poised to enter the Swiss market for the first time after signing a content deal with leading operator mycasino.ch by Grand Casino Luzern.The collaboration with mycasino.ch is an important step for ORYX as it continues to implement its growth strategy into regulated jurisdictions across the globe. Grand Casino Luzern is the largest online operator in Switzerland and was the second casino in the country to launch an iGaming offering under the mycasino.ch brand when the market opened in 2019. The Swiss regulated online market has quickly gained traction and the latest official figures from the country’s regulator showed that online gaming licensees generated CHF23.5M in the first partial year of being live. Grand Casino...
Schultze Special Purpose Acquisition Corp. and Clever Leaves International Inc. Announce Effectiveness of Registration Statement for Proposed Business Combination
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RYE BROOK, N.Y., Nov. 30, 2020 (GLOBE NEWSWIRE) — Schultze Special Purpose Acquisition Corp. (NASDAQ: SAMA, SAMAW, and SAMAU) (“SAMA”) and Clever Leaves International Inc. (“Clever Leaves”) announced today that the U.S. Securities and Exchange Commission (“SEC”) has declared effective the registration statement on Form S-4 (as amended to the date hereof, the “Registration Statement”). The Registration Statement includes a proxy statement/prospectus in connection with the special meeting of SAMA stockholders to consider the previously announced business combination (the “Business Combination”) with Clever Leaves pursuant to which a newly formed holding company, Clever Leaves Holdings Inc. (“Holdco”), will acquire SAMA and Clever Leaves.SAMA has mailed the definitive proxy statement/prospectus relating to the...
Kiniksa Announces Preliminary Data from Phase 1 Trial of KPL-404
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– Receptor occupancy and TDAR suppression shown through Day 29 at 3 mg/kg intravenous –– Data to-date support subsequent study in patients, including potential intravenous or subcutaneous monthly administration –– Final data and safety follow-up from all cohorts expected in 1H 2021 –HAMILTON, Bermuda, Nov. 30, 2020 (GLOBE NEWSWIRE) — Kiniksa Pharmaceuticals, Ltd. (Nasdaq: KNSA) (“Kiniksa”), a biopharmaceutical company with a pipeline of assets designed to modulate immunological pathways across a spectrum of diseases, today announced preliminary data from the Phase 1 clinical trial of KPL-404 in healthy volunteers. KPL-404 is a monoclonal antibody inhibitor of the CD40-CD40 ligand (CD40L) interaction, a central control node of T-cell dependent, B-cell mediated humoral adaptive immunity.“The preliminary...