Month: February 2021

TORONTO, Feb. 25, 2021 (GLOBE NEWSWIRE) — FuelPositive Corporation (TSX.V: NHHH) (“FuelPositive” or the “Company”) has completed its previously announced non-brokered private placement (the “Offering”) through the issuance 10,000,000 units (each, a “Unit”). The Units were issued at a price of $0.10 per Unit for gross proceeds of $1,000,000. Each “Unit” consists of one common share of the Company, and one common share purchase warrant (each, a “Warrant”) exercisable to acquire an additional common share at a price of $0.12 until February 22, 2023. The Warrants are subject to accelerated expiry in the event the closing price of the common shares of the Company on the TSX Venture Exchange is $0.20 or more for a period of ten consecutive trading days on or after the date which is four-months-and-one-day from the date of issuance.The...

BRISBANE, Australia, Feb. 26, 2021 (GLOBE NEWSWIRE) — Orocobre Limited (ASX: ORE, TSX: ORL) (Orocobre or the Company), a dynamic global lithium chemicals producer, provides its financial results for the half year ended 31 December 2020 (H1 FY21).Highlights:The lithium market has rebounded and Orocobre prices for H2 FY21 are expected to increase >50% to approximately US$5,500/tonneA successful cost reduction program has seen quarterly cash cost of sales reduce by 28% since September 2019Brine concentrations are higher and more stable than previous years delivering higher plant recovery, better quality and more consistent productSuccessful capital raise of US$119.4 million, net of feesStatutory consolidated group net loss of US$29.1 million for H1 FY21 is down from a loss of US$18.9 million in the previous corresponding period (PCP)....

New York, New York, Feb. 25, 2021 (GLOBE NEWSWIRE) — African Gold Acquisition Corporation (the “Company”) announced today the pricing of its upsized initial public offering of 36,000,000 units at a price of $10.00 per unit. The units will be listed on The New York Stock Exchange (the “NYSE”) and trade under the ticker symbol “AGAC.U” beginning on February 26, 2021. Each unit consists of one Class A ordinary share and three-quarters of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share. After the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed the NYSE under the symbols “AGAC” and “AGAC.W,” respectively. The offering is expected to close on March 2, 2021.African Gold Acquisition Corporation...

Maha Energy AB Announce Filing of Fourth Quarter Report 2020 & Live WebcastMaha Energy AB (publ) (“Maha” or the “Company”) is pleased to announce its fourth quarter results. The report is attached to this press release and available on the Company’s website at  www.mahaenergy.ca.Fourth Quarter 2020Daily oil & gas production averaged 2,738 BOEPD (Q4 2019: 3,165 BOEPD)Revenue of USD 8.7 million (Q4 2019: USD 13.7 million)Operating netback of USD 4.2 million or USD 17.66 per BOE (Q4 2019: USD 9.8 million or USD 35.00 per BOE)EBITDA of USD 2.7 million (Q4 2019: USD 8.4 million)Net result of USD -15.7 million, following the previously announced impairment charge of 21.0 million for LAK Ranch (Q4 2019: USD 2.7 million)Basic earnings per share of USD -0.15 (Q4 2019: USD 0.03)Diluted earnings per share of USD -0.15 (Q4 2019: USD 0.02)The...

Maha Energy AB meddelar resultat för fjärde kvartalet 2020 och inbjudan till webcastMaha Energy AB (publ) (“Maha” eller “bolaget”) presenterar resultatet av fjärde kvartalet 2020. Rapporten är bifogad i detta pressmeddelandet och finns även tillgänglig på bolagets hemsida  www.mahaenergy.ca.Fjärde kvartalet 2020Genomsnittlig dagsproduktion av olja och gas var 2 738 fat oljeekvivalenter per dag (BOEPD) (2019 Q4: 3 165 BOEPD)Intäkter om 8,7 miljoner USD (2019 Q4: 13,7 miljoner USD)Rörelsens netback om 4,2 miljoner USD eller 17,66 USD per fat oljeekvivalenter (BOE) (2019 Q4: 9,8 miljoner USD eller 35,00 USD per BOE)EBITDA om 2,7 miljoner USD (2019 Q4: 8,4 miljoner USD)Periodens resultat uppgick till -15,7 miljoner USD till följd av tidigare kommunicerad nedskrivning på 21,0 miljoner USD avseende LAK Ranch (2019 Q4: 2,7 miljoner USD)Vinst...

MARKHAM, Ontario, Feb. 25, 2021 (GLOBE NEWSWIRE) — Extendicare Inc. (“Extendicare” or the “Company”) (TSX: EXE) today reported results for the three and twelve months ended December 31, 2020. Results are presented in Canadian dollars unless otherwise noted.“The COVID-19 pandemic continues to impact our country, communities and families. The immense toll of this virus on those in our care, and the courageous teams who care for them, has been relentless,” said President and Chief Executive Officer, Dr. Michael Guerriere. “The tragic effects of this pandemic will be with us for many years to come. We offer our heartfelt condolences to those who have lost a loved one during this pandemic.”“Our primary focus continues to be on protecting our residents, clients and staff. My sincere thanks to our dedicated care teams for their selfless...

NEW YORK, Feb. 25, 2021 (GLOBE NEWSWIRE) — ARYA Sciences Acquisition Corp IV (the “Company”), a special purpose acquisition company formed for the purpose of entering into a combination with one or more businesses or entities, today announced the pricing of its initial public offering of 13,000,000 Class A ordinary shares at a price of $10.00 per share. The Class A ordinary shares will be listed on The Nasdaq Capital Market and trade under the ticker symbol “ARYD” beginning on February 26, 2021.While the Company may pursue an initial business combination target in any business or industry, it intends to focus on the healthcare industry in the United States and other developed countries. The Company intends to focus on target businesses with valuations of $300 to $500 million or more and that have the potential to be $1 billion or...

CALGARY, Alberta, Feb. 25, 2021 (GLOBE NEWSWIRE) — Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) is pleased to provide a summary of its 2020 year-end reserves evaluation and an updated operational outlook.The highlights and reserves summary below set forth Razor’s gross reserves at December 31, 2020, as evaluated by Sproule Associates Limited (“Sproule”), qualified reserves evaluators, in an independent report dated February 19, 2021 (the “Sproule Report”). The figures in the following tables have been prepared in accordance with the standards contained in the Canadian Oil and Gas Evaluation Handbook (the “COGEH”) and the reserve definitions contained in National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities (“NI 51-101”). Additional reserve information as required under NI 51-101 will be included...

TORONTO, Feb. 25, 2021 (GLOBE NEWSWIRE) — Mandalay Resources Corporation (“Mandalay” or the “Company”) (TSX: MND, OTCQB: MNDJF) is pleased to announce its financial results for the fourth quarter and full-year ended December 31, 2020.The Company’s consolidated financial results for the year ended December 31, 2020, together with its Management’s Discussion and Analysis (“MD&A”) for the corresponding period, can be accessed under the Company’s profile on www.sedar.com and on the Company’s website at www.mandalayresources.com. All currency references in this press release are in U.S. dollars except as otherwise indicated.Fourth Quarter 2020 Highlights:Revenue of $45.3 million;Adjusted EBITDA of $25.3 million, third-highest quarterly result in Company history;Consolidated net income of $14.7 million, or...