Month: January 2021

TORONTO, Jan. 27, 2021 (GLOBE NEWSWIRE) — Kinross Gold Corporation (TSX:K; NYSE:KGC) (“Kinross”) announced today that it has acquired 3,125,000 common shares of Wolfden Resources Corporation (TSX-V:WLF) (“Wolfden”) in a non-brokered private placement at a price of CA$0.32 per common share for total consideration of CA$1,000,000.Prior to completion of the transaction, Kinross held 12,500,000 common shares, representing approximately 9.6% of the outstanding common shares. As a result of the acquisition of 3,125,000 common shares (approximately 2.3% of Wolfden’s issued and outstanding common shares), Kinross now owns 15,625,000 common shares, representing approximately 11.4% of Wolfden’s issued and outstanding common shares, on a non-diluted basis.Kinross acquired the common shares pursuant to the transaction for investment purposes....

Fourth Quarter HighlightsNet income of $3.1 million, up $1.9 million from $1.2 million for fourth quarter of 2019Diluted earnings per share of $0.67, up $0.40 from $0.27 for fourth quarter of 2019Gain on sales of loans of $3.0 million, up $1.9 million from $1.1 million for fourth quarter of 2019Net interest margin of 3.51%, down 25 basis points from 3.76% for fourth quarter of 2019Provision for loan losses of $1.2 million, up $1.0 million from $0.2 million for fourth quarter of 2019Annual HighlightsNet income of $10.3 million, up $2.5 million from $7.8 million for 2019Diluted earnings per share of $2.22, up $0.54 from $1.68 for 2019Gain on sales of loans of $9.5 million, up $6.6 million from $2.9 million for 2019Net interest margin of 3.55%, down 49 basis points from 4.04% for 2019Provision for loan losses of $2.7 million, up $3.9 million...

Flowr wins Brand of the Year and Campaign of the Year at the 2020 ADCANN awards.The Company’s agency of record, Zerotrillion, was awarded Agency of the Year at the ADCANN 2020 awards for its work on Flowr’s brand.Flowr also won a Bronze award at the 2020 Clio Cannabis Awards for its BC Pink Kush campaign.TORONTO, Jan. 27, 2021 (GLOBE NEWSWIRE) — The Flowr Corporation (TSX.V: FLWR; OTC: FLWPF) (“Flowr” or the “Company”) has begun 2021 with three wins at the ADCANN Awards – including the coveted Brand of The Year award. The annual awards, which are voted on by the public, exist to celebrate the best marketing and advertising across Canada’s growing cannabis industry. Alongside the Brand of The Year Award, Flowr also won Campaign of the Year for their Rembrandt inspired BC Pink Kush Campaign which works with regulations of the...

New York, NY, Jan. 27, 2021 (GLOBE NEWSWIRE) — ITHAX Acquisition Corp. (the “Company”), a newly incorporated blank check company, today announced the pricing of its upsized initial public offering of 21,000,000 units at a price of $10.00 per unit. The units are expected to be listed on the Nasdaq Capital Market (“Nasdaq”) and trade under the ticker symbol “ITHXU” beginning January 28, 2021.The Company is sponsored by the founders of Ithaca Capital and AXIA Ventures and is led by Orestes Fintiklis, Chief Executive Officer and Chairman of the Board of Directors; and Dimitrios Athanasopoulos, Chief Financial Officer, Treasurer, and Director.The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses....

NOTABLE ITEMS INCLUDE:FOURTH QUARTER 2020DILUTED EARNINGS PER SHARE OF $0.26 FOR THE FOURTH QUARTER OF 2020, COMPARED TO $0.17 FOR THE THIRD QUARTER OF 2020, AND $0.21 FOR THE FOURTH QUARTER OF 2019Current quarter results reflect a net decrease of $0.03 per diluted share related to $2.2 million ($1.6 million after-tax) in occupancy costs attributable to branch consolidationsThird quarter results reflect a net decrease of $0.06 per diluted share related to $3.9 million ($2.9 million after-tax) in merger-related expenses, primarily change in control payments, legal and advisory fees, and technology contract termination charges associated with the acquisition of VSB BANCORP, INC. (“Victory”)NET INTEREST MARGIN INCREASED 33 BASIS POINTS TO 2.83% FOR THE CURRENT QUARTER AS COMPARED TO 2.50% FOR THE TRAILING QUARTER, AND 38 BASIS...

SANTA CLARITA, Calif., Jan. 27, 2021 (GLOBE NEWSWIRE) — BioSolar, Inc. (OTC: BSRC), a developer of clean energy technologies, today announced the closing of its previously announced private placement offering of 83,333,334 shares of common stock (or common stock equivalents in lieu thereof) and warrants to purchase up to an aggregate of 83,333,334 shares of common stock. The combined purchase price for one share of common stock (common stock equivalent) and a warrant to purchase one share of common stock was $0.06. The warrants have an exercise price of $0.06 per share, will be immediately exercisable and will expire five and one-half years from the issue date.H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.The gross proceeds from the private placement offering were approximately $5.0 million. The...

VANCOUVER, British Columbia, Jan. 27, 2021 (GLOBE NEWSWIRE) — Imperial Metals Corporation (the “Company”) (TSX:III) reports that the total 2020 metals production for the Red Chris mine was 88.3 million pounds copper and 73,787 ounces gold. Copper and gold production increased 22.9% and 102.9% respectfully, compared to 71.9 million pounds copper and 36,471 ounces gold produced in 2019. The increased 2020 metal production was driven mainly by higher grades, with the copper grade up 28% and the gold grade up 84% from 2019 levels. Gold recovery increased substantially from 44.5% in 2019 to 54.2% in 2020. Mill throughput for the year decreased about 11% with the rate averaging 25,634 tonnes per day.Red Chris production (100%) for the 2020 fourth quarter was 17.2 million pounds copper and 16,251 ounces gold compared to 22.2 million pounds...

NEWARK, N.J., Jan. 27, 2021 (GLOBE NEWSWIRE) — ChildSmiles Group, LLC (“ChildSmiles” or the “Company”) is pleased to announce the acquisition of two sizable primary care pediatric physician practices in Newark, New Jersey. Both practices have been in operation for over 30 years, providing high-quality primary care to underserved children in the Newark area. Employees of both practices will join the ChildSmiles team and will benefit from ChildSmiles’ management and administrative support as well as the Company’s executive leadership. As a result of the purchase, ChildSmiles will be changing its name to SmileHealth to more accurately represent the inclusive, broad, and high-quality care associated with its practice. The Company believes that dental and primary care health services are highly complementary for pediatric patients. This...

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA, JAPAN, SOUTH AFRICA, HONG KONG OR AUSTRALIA, EXCEPT AS PERMITTED BY APPLICABLE LAW, OR IN ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION IS UNLAWFUL.Status on accelerated bookbuild offering – Priced at DKK 262 per B shareClosing of accelerated bookbuild offering (see company announcement no. 6), which is expected to generate gross proceeds of approx. DKK 1.3 billion.The accelerated book building has been finalised based on Ambu having priced the offering at DKK 262 per B share (corresponding to 4,961,832 shares comprising 4,711,832 new B shares and 250,000 existing treasury B shares).The placing is expected to be confirmed by investors and completed on 28 January 2021 prior to the opening of the market on Nasdaq...

TORONTO, Jan. 27, 2021 (GLOBE NEWSWIRE) — Northland Power Inc. (“Northland“) (TSX: NPI) announces the retirement of James C. Temerty C.M. from its Board of Directors effective January 31, 2021. Mr. Temerty has served as a director of Northland since its initial listing in the public markets in 1997 and served as Chair of Northland until December 2019.Mr. Temerty co-founded Northland in 1987. Under his guidance and leadership, the company grew from a start-up Canadian Power Producer to a pre-eminent global player in the renewable power sector with assets across four continents. The genesis of Northland was rooted in Mr. Temerty’s vision to make the world a better place. He has and continues to achieve this through Northland and through his generous philanthropic activities. Along the way, significant wealth has been created...