Barrick Refers Senegalese Tax Dispute to Arbitration

Written by Customer Service on May 1, 2021. Posted in Public Companies.

All amounts expressed in US dollars TORONTO, May 01, 2021 (GLOBE NEWSWIRE) — Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) confirmed today that it had referred a tax claim by the Senegalese Revenue Authority (SRA) to the International Chamber of Commerce (ICC) for arbitration after numerous attempts to resolve the issue with the government had failed. The SRA has levied an unaudited assessment totaling $208 million (calculated as of March 31, 2021) for taxes it claims arose from Barrick’s sale of its interest in the Massawa project to Teranga Gold Corporation last year. Barrick said the proposed assessment was not in accordance with its investment agreement and relevant legislation in place, and in order to resolve the dispute, Barrick has referred the matter to the ICC which is the dispute resolution forum provided for in its...

Benchmark equities recover losses; Small caps outperformed

Written by Customer Service on May 1, 2021. Posted in Public Companies.

The session started the upward trend as soon as the reports on strong economic data was observed as well as the print from companies that reported their first quarter gains. NASDAQ led market rally and gained almost 200 points or 1.44%, followed by S&P with an increase of bit short of 50 points or 1.09%. Meanwhile, the Dow also stepped forward by 220 points or 0.67%, crossing the 34,000 once more. Small caps even exceeded gains from major indexes, as Russel 2000 ended with an increase of more than 2%. The futures of the benchmark equities also moved up, ranging from 1% to almost 1.5%. this reflects the strong economic report. Despite the news about changing capital tax for the wealthy to 35.6%, the investors are now more open once the panic about possible resurgence of COVID-19 was replaced by better than expected data of economic...

Stock Market opened higher but meager trading resumed resulting to losses

Written by Customer Service on May 1, 2021. Posted in Public Companies.

It was an expected lull as investors are looking forward to more action this week such as the fine printing of price inflation index for consumers which is due on Tuesday, and the release of major bank earnings this week later on. The Commerce Department expected that the consumer price index will rise by more or less 2% on a year to year basis as consumer products started gaining price above the pandemic levels. On the other hand, banks are sure to be the first ones to reflect a rise in profits as a sign of the recovery of the economy. Below is a brief summary of the market’s movement as 4 p.m. NY time, Monday: • S&P 500 pulled back 0.02% at 4,128• NASDAQ Composite Index underperformed ending 13,850 with a 0.36% loss• The Dow Jones Industrial Average dropped to 33,745 after losing 0.16%• U.S. 10 Year Treasury Note up to 1.698• Gold...

Fountain Asset Corp. Announces Its Financial Results for the Quarter and Year Ended December 31, 2020

Written by Customer Service on May 1, 2021. Posted in Public Companies.

TORONTO, April 30, 2021 (GLOBE NEWSWIRE) — Fountain Asset Corp. (TSXV:FA) (“Fountain” or the “Company”) would like to announce its financial results for the three months ended December 31, 2020 (“Q4/20”) and for the year ended December 31, 2020 (“Fiscal 2020”). Highlights from Q4/20: Adjusted net asset value (“ANAV”) of $23.46 million ($0.40 per share) at December 31, 2020 compared to $17.45 million ($0.30 per share) at September 30, 2020, representing a 33% increase quarter over quarter on a per share basis. ANAV reflects the net asset value plus the amount of available tax loss pools available; Net comprehensive loss of $4.54 million compared to net comprehensive loss of $8.46 million for three months ended December 31, 2019 (“Q4/19”); Total revenue from investment activity was $3.97 million compared to losses of $8.15 million...

Victory Square Technologies Reports Record Net Income of $19,733,031 and Positive Earnings Per Share of $0.30 in Fiscal 2020

Written by Customer Service on May 1, 2021. Posted in Public Companies.

Net income increased to $19,733,031 from ($8,917,573) during the same period year over year, for an increase of $28,650,604 The Company ended the year with a healthy balance sheet with cash and cash equivalents of $4,551,751 VANCOUVER, British Columbia, April 30, 2021 (GLOBE NEWSWIRE) — Victory Square Technologies Inc. (“Victory Square” or the “Company”) (CSE:VST) (OTC:VSQTF) (FWB:6F6), a company that provides investors access to a diverse portfolio of next generation internet companies in key sectors including: the circular economy, digital health, gaming, blockchain, AR/VR, cybersecurity, and fintech, announces it has filed its audited annual consolidated financial statements for 2020 along with its Management Discussion and Analysis (MD&A) on Friday, April 30th, 2020. Shafin Diamond Tejani, CEO of Victory Square...

Aurora Spine Corporation Announces Fourth Quarter and Fiscal 2020 Financial Results

Written by Customer Service on May 1, 2021. Posted in Public Companies.

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES CARLSBAD, Calif., April 30, 2021 (GLOBE NEWSWIRE) — Aurora Spine Corporation (“Aurora Spine” or the “Company”) (TSXV: ASG) (OTCQB: ASAPF), a designer and manufacturer of innovative medical devices that improve spinal surgery outcomes, today announced the financial results for the fourth quarter and fiscal year ended December 31, 2020. All figures are in U.S. dollars. Business Highlights Converted majority of revenues to proprietary products, 53.4% during FY20 versus 45.7% in FY19. Created new interventional Pain Care Division focused on the rapidly growing segment of pain care. Commenced major Multicenter Clinical Study for Aurora’s proprietary ZIP™ Interspinous Fixation Device for relief of back pain. Commercially launched its proprietary SOLO™ 3D printed...

O2Gold Announces Grant of Compensation Securities

Written by Customer Service on May 1, 2021. Posted in Public Companies.

TORONTO, April 30, 2021 (GLOBE NEWSWIRE) — O2Gold Inc. (“O2Gold” or the “Company”) (TSXV: OTGO) today announces that, subject to regulatory approval, it has granted 3,775,000 restricted share units (the “RSUs”) to certain officers and consultants of the Company in accordance with the Company’s restricted share unit compensation plan and 1 million stock options to a consultant of the Company in accordance with the Company’s stock option plan. The RSUs and options vest immediately. The options may be exercised at a price of $0.33 per option for a period of five years from the date of grant. The common shares underlying the RSUs are subject to a four month hold period in accordance with the policies of the TSX Venture Exchange. About O2Gold O2Gold is a mineral exploration company with activities in Colombia. For additional information,...

Malathaat Captures the Lilies in the 147th Running of the Longines Kentucky Oaks

Written by Customer Service on May 1, 2021. Posted in Public Companies.

LOUISVILLE, Ky., April 30, 2021 (GLOBE NEWSWIRE) — Churchill Downs Incorporated (“CDI” or the “Company”) (Nasdaq: CHDN) announced today that the 147th running of the $1.25 million Longines Kentucky Oaks (Grade I) at Churchill Downs Racetrack (“Churchill Downs”) saw Malathaat capture the Lilies in a field of 13 under sunny skies and fast track conditions in front of 41,472 spectators spread across the expansive and spacious grounds of the racetrack. Wagering from all-sources on the full Kentucky Oaks race card totaled $54.3 million up 76% compared to the 2020 Kentucky Oaks. All-sources wagering on the Kentucky Oaks race was $17.4 million up 74% from last year’s Kentucky Oaks race. Malathaat, owned by Shadwell Stable and bred in Kentucky by Stonestreet Thoroughbred Holdings LLC, rallied from a stalking position and held off a determined...

Yooma Wellness Announces Financial Results of Yooma Corp. for the 2020 Financial Year

Written by Customer Service on May 1, 2021. Posted in Public Companies.

Acquisition of Entertainment Direct Asia and reverse takeover transaction establish early-stage conditions for future growth TORONTO, April 30, 2021 (GLOBE NEWSWIRE) — Yooma Wellness Inc. (“Yooma“) (CSE: YOOM), a Toronto-based vertically-integrated global wellness platform that develops and markets a portfolio of wellness brands, today announced that it has filed the annual financial statements (the “Financial Statements“) for one of its predecessor companies, Yooma Corp., for the financial period from January 1, 2020 to December 31, 2020 (the “Reporting Period“). Yooma was formed by amalgamation on February 10, 2021, when Yooma Corp. completed a reverse takeover of Globalive Technology Inc. (“GTI“). The Financial Statements filed today are the financial statements of Yooma Corp.,...

Day: May 1, 2021

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