Month: February 2021

VANCOUVER, British Columbia, Feb. 10, 2021 (GLOBE NEWSWIRE) — Hanwei Energy Services Corp. (TSX: HE) (“Hanwei” or the “Company”) today reported its financial results for the three and nine months ended December 31, 2020. All amounts are in Canadian Dollars unless otherwise noted.Update on COVID-19 ImpactWith the recent announcements of various COVID-19 vaccine approvals in Canada and around the world, oil prices have recently increased. Commodity prices and the economic environment remains volatile and challenging which has adversely affected the Company’s operational results and financial position. The COVID-19 situation is dynamic and the ultimate duration and magnitude of the impact on the economy and the financial effect on the Company is not known at this time.Financial and Operating UpdateThe Company has two reportable...

BOSTON, Feb. 10, 2021 (GLOBE NEWSWIRE) — Rhythm Pharmaceuticals, Inc. (Nasdaq: RYTM), a biopharmaceutical company aimed at developing and commercializing therapies for the treatment of rare genetic diseases of obesity, today announced the closing of its public offering of 5,750,000 shares of its common stock at a public offering price of $30.00 per share, which includes the exercise in full by the underwriters of their option to purchase up to an additional 750,000 shares of common stock, on February 9, 2021.  The aggregate gross proceeds to Rhythm from the offering were approximately $172.5 million, before underwriting discounts, commissions, and offering expenses.  All of the shares in the offering were offered by Rhythm.Morgan Stanley, BofA Securities, Cowen and Stifel are acting as the joint book-running managers for the offering. Canaccord...

HOUSTON, Feb. 10, 2021 (GLOBE NEWSWIRE) — ION Geophysical Corporation (NYSE: IO) today reported net revenues of $27.3 million in the fourth quarter 2020, a 68% increase compared to $16.2 million in the third quarter and a 36% decrease compared to $42.7 million one year ago. At December 31, 2020, backlog, which consists of commitments for multi-client programs and proprietary imaging and reservoir services work, was $19.7 million or 11% higher sequentially and 4% higher versus last year.Net loss attributable to ION for the fourth quarter 2020 was $13.1 million, or a loss of $0.92 per share, compared to $14.5 million, or a loss of $1.02 per share in the fourth quarter 2019. Excluding special items in both periods, the Company reported an Adjusted net loss the fourth quarter 2020 of $6.2 million, or a loss of $0.43 per share, compared...

VANCOUVER, British Columbia, Feb. 10, 2021 (GLOBE NEWSWIRE) — Aris Gold Corporation (Aris Gold or the Company) (TSX-V: ARIS; OTCQX: ALLXF) announces it has received final approval for the listing of its shares and warrants on the Toronto Stock Exchange (TSX). The shares and warrants will commence trading on the TSX at the market open on Friday, February 12, 2021, under their existing ticker symbols ARIS and ARIS.WT, respectively, and will cease to trade on the TSX Venture Exchange at that time. Shareholders are not required to take any action in connection with the graduation and listing on TSX. Aris Gold shares will continue to trade on the OTCQX under the symbol ALLXF.About Aris GoldAris Gold is a Canadian mining company listed on the TSX Venture Exchange under the symbol ARIS. The Company is led by an executive team with a demonstrated...

New York, NY, Feb. 10, 2021 (GLOBE NEWSWIRE) — Thunder Bridge Capital Partners III Inc. (NASDAQ: TBCPU) (the “Company”) announced today that it closed its initial public offering of 41,400,000 units, including 5,400,000 Units issued pursuant to the exercise in full of the underwriters’ over-allotment option. The offering was priced at $10.00 per unit, resulting in gross proceeds of $414,000,000.The Company’s units are listed on the Nasdaq Capital Market (“Nasdaq”) and commenced trading under the ticker symbol “TBCPU” on February 5, 2021. Each unit consists of one share of the Company’s Class A common stock and one-fifth of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Only whole warrants will trade and are exercisable.  Once the...

All figures in Canadian dollars unless otherwise notedEDMUNDSTON, New Brunswick, Feb. 10, 2021 (GLOBE NEWSWIRE) — Acadian Timber Corp. (“Acadian” or the “Company”) (TSX:ADN) today reported financial and operating results1 for the three months and full year ended December 31, 2020.“Acadian performed well and generated solid results for the year ended December 31, 2020, despite the global pandemic, elevated regional pulpwood inventories and adverse weather events experienced throughout the year. The Company responded to these challenges while protecting margins and growing its customer base,” commented Erika Reilly, Chief Executive Officer. “As we look forward to the year ahead, we are encouraged by the outlook for the end use markets of our key products, and will be focused on continuing to merchandise our products to maximize value...

CARLSBAD, Calif., Feb. 10, 2021 (GLOBE NEWSWIRE) — AppTech Corp. (“AppTech“)(OTC: APCX), a fintech company, announced today that the company engaged Chatsworth Securities LLC as their strategic advisors to continue their growth in the fintech space. Chatsworth’s focus is to advise AppTech on its strategic trajectory and acquisitions as well as solidifying the Company’s leadership position in the market.Advising AppTech is Ralph DiFiore, a Co-Founder and Principal of Chatsworth and Marcus Magarian, Managing Director. Together they bring significant experience regarding the technology and payments space. Marcus Magarian, who worked for 3-years at a UX Analytics group, which tracks the customer journey of eCommerce and mobile commerce sites, brings operational knowledge from the day-to-day of a rapidly scaling tech company.“We are...

TORONTO, Feb. 10, 2021 (GLOBE NEWSWIRE) — Toromont Industries Ltd. (TSX: TIH) today reported financial results for the three months and year ended December 31, 2020.“In what has been a unique year of challenges and opportunities, we are very pleased with the performance of our team and overall results,” stated Scott J. Medhurst, President and Chief Executive Officer of Toromont Industries Ltd. “The Toromont team took decisive action, remaining focused on safeguarding our employees, servicing our customers’ needs and protecting our business for the future. We were fortunate early on to have been designated an essential service in all of our territories, and since initial shutdowns and restrictions, we experienced gradual improvement in most market segments for the balance of the year. We appreciate our entire team’s incredible effort...

TORONTO, Feb. 10, 2021 (GLOBE NEWSWIRE) — Firan Technology Group Corporation (TSX: FTG) today announced financial results for the full year and fourth quarter 2020.FTG has managed successfully through the COVID-19 pandemic in 2020 as a result of three key strategies or actions:ο  FTG’s long-term market diversification strategy enabled the Company to mitigate the dramatic downturn in the commercial aerospace market through its involvement in the stable defense marketο  FTG carefully managed costs across the Company, balancing decisions on cost reductions with a goal to retain critical skills to ensure the Company is positioned for a faster recovery in the futureο  FTG carefully managed investments in the year and ended 2020 with a stronger balance sheet than before the pandemicAchieved over $102M in annual sales, a 9% decline, during...

GRIMSBY, Ontario, Feb. 10, 2021 (GLOBE NEWSWIRE) — Andrew Peller Limited ADW.A/ADW.B (“APL” or the “Company”) announced strong growth in sales and net earnings for the nine months ended December 31, 2020.NINE MONTHS FISCAL 2021 HIGHLIGHTS:Sales up 9.3% in third quarter and 4.6% year to date on resiliency of diversified trade channel network;Launch of new e-commerce portal contributes to sales growth;Gross margin impacted by change in sales mix due to COVID-19 pandemic;Selling and administration expenses decrease due to reduced spending as a result of pandemic;EBITA increases 18.1% year to date; andNet earnings rise to $34.1 million or $0.80 per Class A share, including a one time non-cash gain on debt modification of $2.3 million ($0.05 per Class A share).“We are pleased with our sales growth and increase in net earnings through...