Month: March 2021

United Kingdom, 31 March 2021 RAK Petroleum plc, the Oslo-listed oil and gas investment company, today released its 2020 Annual Report and Accounts. A copy is attached and is available at http://www.rakpetroleum.uk/Investor-relations/Reports-and-presentations For further queries, please contact: Kevin Toner Managing Director RAK Petroleum plcEmail: kevin.toner@rakpetroleum.uk About RAK Petroleum plc RAK Petroleum plc is an Oslo Børs listed oil and gas investment company established under the laws of England and Wales as a public limited company. Its principal holdings are 44.94 percent of DNO ASA and 33.33 percent of Foxtrot International LDC held through Mondoil Enterprises, LLC. DNO ASA is a Norwegian oil and gas operator focused on the Middle East and the North Sea. Founded in 1971 and listed on the Oslo Stock Exchange, DNO holds stakes...

Highlights:The Strathmore Plant generated an estimated $342,727 in settlement revenue from electricity sales so far in 2021, with a 77% gross margin. The unique combination of cold temperatures coupled with storms impacting grid supplies created significant demand for peak power capacity in the first two months of this year. By comparison, the Strathmore Plant generated direct revenue of $118,222 for the first two months of 2020, signalling a significant jump from the same period last year. EarthRenew has executed an agreement with Enel-X to participate in an operating reserves program.TORONTO, March 31, 2021 (GLOBE NEWSWIRE) — EarthRenew Inc. (CSE: ERTH; OTCQB: VVIVF) (“EarthRenew” or the “Company”), a Canadian company focused on regenerative agriculture solutions with a secondary revenue source from electricity production,...

TORONTO, March 30, 2021 (GLOBE NEWSWIRE) — Dundee Corporation (TSX: DC.A) (the “Corporation” or “Dundee”) today announced its financial results for the three months and year ended December 31, 2020. All currency amounts in this press release are in Canadian dollars except as otherwise indicated. FOURTH QUARTER 2020 HIGHLIGHTSNet earnings attributable to owners of Dundee Corporation of $32.8 million (2019 – $6.3 million) or earnings of $0.31 (2019 – $0.04) per share, before the effect of any dilutive securities. During the three months ended December 31, 2020, the Corporation generated proceeds of $56.6 million from the completion of its early discount exercise price program of Dundee Precious Metals Inc.’s purchase warrants. An aggregate of 7.5 million purchase warrants were exercised at the discounted exercise price...

LEIDEN, Netherlands and CAMBRIDGE, Mass., March 30, 2021 (GLOBE NEWSWIRE) — ProQR Therapeutics N.V. (Nasdaq: PRQR), a company dedicated to changing lives through the creation of transformative RNA therapies for inherited retinal diseases (IRDs), today announced the pricing of its previously announced underwritten public offering of 13,846,154 ordinary shares at a price to the public of $6.50 per share. All of the shares are being offered by ProQR. In addition, ProQR has granted the underwriters a 30-day option to purchase up to 2,076,923 additional ordinary shares at the public offering price, less underwriting discounts and commissions. Gross proceeds from the offering are expected to be approximately $90 million, assuming no exercise of the underwriters’ option to purchase additional shares.  Citigroup and Evercore ISI are acting...

VANCOUVER, British Columbia, March 30, 2021 (GLOBE NEWSWIRE) — Imperial Metals Corporation (the “Company”) (TSX:III) reports that Newcrest Mining Limited (ASX, TSX, PNGX: NCM) has released a Mineral Resource estimate for the Red Chris mine.  Red Chris is operated by Newcrest under a Joint Venture Agreement with Imperial.  Since becoming operator in August 2019, Newcrest has embarked on an extensive work program to define the potential of block cave mining beneath the existing open pit operation. Activities have included:additional exploration and resource definition drilling; resource optimization for both open pit and underground mining scenarios; commencing a Pre-Feasibility Study (PFS) to support the potential development of an underground block cave; commencing construction of the box cut (portal) for the exploration decline. This...

Maha Energy AB (publ) (“Maha” or the “Company”) is pleased to announce a USD 60 million term loan financing and USD 10 million equity financing with leading Brazilian investment bank BTG Pactual NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SWITZERLAND, SINGAPORE, SOUTH AFRICA, THE UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE SECTION “IMPORTANT INFORMATION” AT THE END OF THIS PRESS RELEASE Maha has signed a Loan Agreement and Equity Subscription with Brazilian Investment Bank Banco BTG Pactual S.A. for total proceeds of USD 70 million, before customary fees and expenses.  The proceeds will be used to redeem the outstanding SEK 300...

VANCOUVER, British Columbia, March 30, 2021 (GLOBE NEWSWIRE) — Finning International Inc. (TSX: FTT) (“Finning”, the “Company”, “we”, “us” or “our”) announced today the release of our 2020 Sustainability Report detailing our progress in people, safety, environment, product stewardship, communities, and ethics and governance. “The job of building and powering a better world does not stop despite the challenges of COVID-19. We are proud of the way we continue to support our employees, customers, and communities through the pandemic as an essential service provider,” said Scott Thomson, President and CEO of Finning International. “With the sustainability strategy embedded in our products and services, we are focused on being an even more responsible partner to help our customers transition to a low-carbon economy and take better care...

TORONTO, March 30, 2021 (GLOBE NEWSWIRE) — Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) today announced the filing of the Company’s 2021 Sustainability Report (the “2021 Sustainability Report” or the “Report”). The 2021 Sustainability Report outlines the Company’s achievements in 2020 and provides guidance on the Company’s sustainability efforts for 2021. The Report is available on the Company’s website at www.kl.gold. All dollar amounts in this press release are expressed in US dollars, unless otherwise indicated. The Report highlights the significant progress achieved by the Company during the past year in the areas of sustainability and responsible mining. Among key initiatives discussed are:Adopting the World Gold Council’s Responsible Gold Mining Initiatives and completing the...

VIRGINIA CITY, Nev., March 30, 2021 (GLOBE NEWSWIRE) — Comstock Mining Inc. (NYSE: LODE) (“Comstock” and the “Company”) announced today the addition of Ms. Alexia Sober as its Mercury Market and Grant Manager. Additionally, Ms. Sober is an active Board Member of the Comstock Foundation for History and Culture and serves as an appointed Storey County Planning Commissioner. Ms. Sober brings extensive environmental and sustainability experience to Comstock. Ms. Sober has more than 15 years of collective experience in Policy Research and Compliance, Mining and Historical Archaeology, Collections Management and Curation, Entrepreneurship, Public Educational Outreach and Programming, as well as Community Organizing. She holds a Bachelor of Arts degree in Anthropology from the University of Nevada, Reno, with honors, with an emphasis in...

SAN FRANCISCO, March 30, 2021 (GLOBE NEWSWIRE) — GeoPetro Resources Company and its subsidiaries (OTC:GEOR) (“GeoPetro” or the “Company”) are pleased to announce that the Company has entered into definitive agreements (the “Agreements”) with Promise Energy Madisonville, LLC (“Promise Energy”), which provide amongst other things, that Promise Energy will re-open the gas processing facility and return the Madisonville Project located in Madison County, Texas to production. The effective date of the transactions is March 23, 2021 (the “Effective Date”). The Company has contributed its Madisonville assets to Promise Energy in exchange for the following:Promise Energy has assumed from the Company and shall pay and perform the following:all Liabilities that arise out of or are attributable to the ownership or operation...