Month: January 2021

MONTRÉAL, Jan. 26, 2021 (GLOBE NEWSWIRE) — Dorel Industries Inc. (TSX: DII.B, DII.A) (“Dorel”) announces that it intends to appeal a decision of the Luxembourg Administrative Tribunal received on January 22, 2021 with respect to taxation on the transfer of certain assets in connection with an internal corporate reorganization that took place in 2015. The decision of the Luxembourg Administrative Tribunal concluded, in effect, that one of Dorel’s wholly-owned subsidiaries owes €46.8 million (euros) in tax (US $56.9 million) plus applicable interest.Forward-looking statements made in this press release, including statements relating to the appeal referred to above, are based on a number of assumptions that Dorel believed were reasonable on the day it made the forward-looking statements. Factors that could cause actual results to differ...

MONTRÉAL, 26 janv. 2021 (GLOBE NEWSWIRE) — Les Industries Dorel Inc. (TSX : DII.B, DII.A) (« Dorel ») annonce qu’elle entend interjeter appel d’une décision rendue par le Tribunal administratif du Luxembourg et reçue le 22 janvier 2021 au sujet de l’imposition du transfert de certains actifs dans le cadre d’une réorganisation corporative interne qui a eu lieu en 2015. Le Tribunal administratif du Luxembourg confirme dans sa décision que l’une des filiales en propriété exclusive de Dorel doit 46,8 M€ (euros) en impôts (soit 56,9 M$ US), plus les intérêts applicables.Les énoncés prospectifs contenus dans le présent communiqué de presse, y compris les énoncés portant sur l’appel susmentionné, sont fondés sur plusieurs hypothèses que Dorel estimait raisonnables le jour où elle a formulé ces énoncés prospectifs. Les facteurs susceptibles...

MINNEAPOLIS, Jan. 26, 2021 (GLOBE NEWSWIRE) — Predictive Oncology Inc. (NASDAQ: POAI) (“Predictive Oncology” or “the Company”), a knowledge-driven company focused on applying artificial intelligence (“AI”) to personalized medicine and drug discovery, today announced the closing of its previously announced registered direct offering of 3,414,970 shares of its common stock, at a purchase price of $1.20 per share, which was priced at-the-market under Nasdaq rules. The gross proceeds to the Company from this offering were approximately $4.1 million, before deducting the placement agent’s fees and other offering expenses payable by the Company. In a concurrent private placement, the Company also issued to the same investors unregistered warrants to purchase up to an aggregate of 1,707,485 shares of common stock at an exercise price of $1.37 per...

Press ReleaseOoredoo Algeria deploys Nokia’s cloud-native core software to prepare for the future      ·Rollout to transform Ooredoo Algeria’s mobile network customer experience with better capacity and reliability, and enhanced product innovation and services 27 January 2021Espoo, Finland – Ooredoo Algeria has deployed Nokia’s cloud-native Core software to cost effectively strengthen its network performance and reliability, and to strategically position itself for the future and the launch of new services to meet customer needs. This deployment will further improve the digital ecosystem of the country.By modernizing its core to a more efficient, cloud-based network, with near-zero-touch automation capabilities and high-level operational efficiencies, Ooredoo Algeria can meet rising customer demand for much greater bandwidth capacity...

PLANO, Texas, Jan. 26, 2021 (GLOBE NEWSWIRE) — DZS Inc. (NASDAQ: DZSI) (the “Company” or “DZS”) today announced that it has priced its underwritten registered public offering of 4,000,000 shares of its common stock at a price to the public of $14.00 per share. The Company has granted the underwriters a 30-day option to purchase at the public offering price, less the underwriting discount, up to an additional 600,000 shares of common stock. All shares of common stock to be sold in the offering will be offered by the Company. The offering is expected to close on or about January 29, 2021.   The total gross proceeds from the offering are expected to be approximately $56 million. This amount assumes no exercise of the underwriters’ option to purchase additional shares. The Company intends to use the net proceeds from the offering to...

TORTOLA, British Virgin Islands, Jan. 26, 2021 (GLOBE NEWSWIRE) — Orca Energy Group Inc. (“Orca” or the “Company” and includes its subsidiaries and affiliates) (TSX-V: ORC.A, ORC.B) today is announcing that it has taken up 6,153,846 Class B Subordinate Voting Shares (“Class B Shares“) at a price of CDN$6.50 per Class B Share under Orca’s substantial issuer bid to purchase for cancellation a number of its Class B Shares for an aggregate purchase price not to exceed CDN$40 million (the “Offer“) and paid to AST Trust Company (Canada) (the “Depositary“) the purchase price proceeds. All dollar amounts are in Canadian dollars.The Class B Shares purchased represent an aggregate purchase price of approximately CDN$40 million and represent 25.2% of the total number of Orca’s...

Achieved 100% 1P Reserves ReplacementAdded 8.3 MMBOE of 1P ReservesRealized 1P Finding and Development Costs of $2.65/boe1P and 2P Net Asset Value per Share Before Tax of $1.15 and $3.251P Reserves Equal 59% of 2P Reserves, Demonstrating Strength of Company’s Proved Reserves BaseAchieved Company’s Best Safety Year in 2020: Zero Lost Time Incident FrequencyCALGARY, Alberta, Jan. 26, 2021 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company“) (NYSE American:GTE) (TSX:GTE) (LSE: GTE), a company focused on oil exploration and production in Colombia and Ecuador, today announced the Company’s 2020 year-end reserves as evaluated by the Company’s independent qualified reserves evaluator McDaniel & Associates Consultants Ltd. (“McDaniel”) in a report with...

TORONTO, Jan. 26, 2021 (GLOBE NEWSWIRE) — iSIGN Media Solutions Inc. (“iSIGN” or “Company”) (TSX-V: ISD) (OTC: ISDSF), a leading provider of interactive mobile proximity marketing and public security alert solutions announced that it has closed the second tranche (the “Second Tranche”) of its previously announced non-brokered private placement (“Placement”) of up to $236,700.The Company completed the Second Tranche of the Placement for total gross proceeds of $20,000 by issuing 400,000 Units (“Units”) at a price of $0.05 per Unit. Each Unit consists of one Common Share of the Company (each a “Common Share”, collectively, the “Common Shares”) and one common share purchase warrant (each warrant referred to herein as a “Warrant” and collectively, the “Warrants”). Each Warrant entitles the holder to purchase one Common Share at a price...

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATESVANCOUVER, British Columbia, Jan. 26, 2021 (GLOBE NEWSWIRE) — Nabis Holdings Inc. (CSE: NAB) (OTC: NABIF) (FRA: A2PL) (“Nabis” or the “Company“) today announced that it has completed its previously announced proposal (the “Proposal“) under the Bankruptcy and Insolvency Act (Canada), pursuant to which the Company implemented a recapitalization of its previously outstanding CDN$35 million principal amount of 8.0% unsecured convertible debentures (the “Debentures“) and all other prior debts of the Company (the “Recapitalization“).Upon implementation of the Proposal, (i) all existing equity claims in the Company were irrevocably and finally extinguished; and (ii) in full and final satisfaction...

PALOS VERDES ESTATES, Calif., Jan. 26, 2021 (GLOBE NEWSWIRE) — Malaga Financial Corporation, “Company” (OTCPink:MLGF), the parent company of Malaga Bank FSB, today reported that net income for the twelve months ended December 31, 2020 was $18,335,000 ($2.38 basic and fully diluted earnings per share) compared to $15,387,000 ($2.01 basic and $2.00 fully diluted earnings per share, as adjusted for the stock dividend declared on November 13, 2020) for the twelve months ended December 31, 2019, a 19% increase. Net income for the quarter ended December 31, 2020 was $4,743,000 ($0.62 basic and fully diluted earnings per share), an increase of $456,000 or 11% from net income of $4,287,000 for the quarter ended December 31, 2019 ($0.56 basic and fully diluted earnings per share, as adjusted for the stock dividend declared on November 13,...