Month: May 2021

Cardinal Energy Ltd. Announces First Quarter 2021 Financial Results and Increased 2021 Budget

Written by Customer Service on May 13, 2021. Posted in Public Companies.

CALGARY, Alberta, May 13, 2021 (GLOBE NEWSWIRE) — Cardinal Energy Ltd. (“Cardinal” or the “Company“) (TSX: CJ) is pleased to announce its operating and financial results for the first quarter ended March 31, 2021. Selected financial and operating information is shown below and should be read in conjunction with Cardinal’s unaudited condensed interim financial statements and related Management’s Discussion and Analysis for the three months ended March 31, 2021 which are available at www.sedar.com and on our website at www.cardinalenergy.ca. HIGHLIGHTSGenerated $16.1 million of adjusted funds flow, an 8% increase over the same period in 2020 and a 19% increase over the prior quarter. Excluding realized hedging losses, adjusted funds flow was $30 million; Maintained discipline while executing...

Thin Film Electronics ASA – Mandatory Notice of Trade for Primary Insiders

Written by Customer Service on May 13, 2021. Posted in Public Companies.

Oslo, 14 May 2021 Reference is made to the announcement by Thin Film Electronics ASA (“Thinfilm”) on 12 May 2021 regarding anti-dilutive subscription rights grants to employees and directors under Thinfilm’s 2020 Subscription Rights Incentive Plans for employees and directors, respectively (“Anti-dilutive Grants”). Primary insiders in Thinfilm received Anti-dilutive Grants as follows: On 12 May 2021, Kevin Barber, CEO of Thinfilm, was granted 28,091,551 incentive subscription rights (“SRs”) in the Company. The exercise price of the SRs is NOK 0.7757 per share. On 12 May 2021, David Williamson, acting CFO of Thinfilm, was granted 4,137,701 SRs in the Company. The exercise price of the SRs is NOK 0.7757 per share. On 12 May 2021, Arvind Kamath, EVP technology development & manufacturing in the Thinfilm...

Itafos Reports Strong Q1 2021 Results, Raising Full-Year 2021 Guidance

Written by Customer Service on May 13, 2021. Posted in Public Companies.

Q1 2021 Key Highlightsrevenues of $90.1 million adjusted EBITDA of $20.7 million net income of $1.9 million free cash flow of $14.8 millionRevised FY 2021 Guidanceincreased adjusted EBITDA guidance to $95-105 million maintained maintenance capex guidance at $20-25 million increased growth capex guidance to $12-17 million increased free cash flow guidance to $40-50 millionCEO Commentary “We delivered excellent operational and financial performance during Q1 2021, generating adjusted EBITDA at Conda of $24.2 million and $20.7 million on a consolidated basis,” said G. David Delaney, CEO of Itafos. “Our Q1 2021 results reflect significantly improved market fundamentals and continued strong operational performance at Conda. We expect these positive trends to continue and have increased our full year guidance for 2021 accordingly.” “In...

Liberty Gold Reports Q1 2021 Financial and Operating Results

Written by Customer Service on May 13, 2021. Posted in Public Companies.

VANCOUVER, British Columbia, May 13, 2021 (GLOBE NEWSWIRE) — Liberty Gold Corp. (TSX:LGD; OTCQX:LGDTF) (“Liberty Gold” or the “Company”), is pleased to announce its financial and operating results for the three months ended March 31, 2021. All amounts are presented in United States dollars (“USD”) unless otherwise stated. Liberty Gold is focused on advancing a pipeline of Carlin-Style gold deposits in the Great Basin, U.S.A., a mining-friendly jurisdiction that is home to large-scale oxide gold systems ideal for open-pit heap leach mining. The Great Basin covers portions of the states of Nevada, Utah and Idaho. The Company has a proven track-record in discovery and building value in this region. HIGHLIGHTS: At Black Pine we announced the final results from 2020 metallurgical core drilling, highlights...

Gran Colombia Announces First Quarter 2021 Results; Files National Instrument 43-101 Technical Report for Its Segovia Operations

Written by Customer Service on May 13, 2021. Posted in Public Companies.

TORONTO, May 13, 2021 (GLOBE NEWSWIRE) — Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today the release of its unaudited interim condensed consolidated financial statements and accompanying management’s discussion and analysis (MD&A) for the three months ended March 31, 2021. All financial figures contained herein are expressed in U.S. dollars (“USD”) unless otherwise noted. First Quarter 2021 HighlightsIn February 2021, Gran Colombia successfully brought its spin out of the Marmato Mining Assets to a conclusion, one in which the Company has a continuing equity ownership of 44.3% in the new, fully financed, Aris Gold Corporation (“Aris”). The Company also added a 27.3% equity interest in Denarius Silver Corp. (“Denarius”) to its portfolio in the first quarter of 2021, giving it exposure to the Lomero-Poyatos...

CN Proposal Deemed Superior by Kansas City Southern

Written by Customer Service on May 13, 2021. Posted in Mergers And Acquisitions.

CN’s enhanced proposal of $3251 per share values KCS at an enterprise value of $33.6 billion With Confirmatory Due Diligence Complete, CN Looks Forward to Promptly Entering into Merger Agreement with KCS MONTREAL, May 13, 2021 (GLOBE NEWSWIRE) — CN (TSX: CNR, NYSE: CNI) today announced that following the completion of confirmatory due diligence, it submitted an enhanced binding superior proposal and merger agreement to the Kansas City Southern (NYSE: KSU) (“KCS”) Board of Directors. The KCS Board has determined CN’s proposal to be a “Company Superior Proposal” and has announced its intention to terminate the previously executed March 21, 2021 merger agreement with Canadian Pacific Railway Limited (TSX: CP, NYSE: CP) (“CP”). CN looks forward to promptly entering into a definitive merger agreement with KCS to create the premier railway...

CORRECTION to Certain Line Items Within the Adjusted EBITDA Table — Chicken Soup for the Soul Entertainment Reports Q1 2021 Results

Written by Customer Service on May 13, 2021. Posted in Public Companies.

75% Q1 net revenue growth year-over-year reinforces outlook for 2021 Fully integrated business model driving revenue growth and profitability COS COB, Conn., May 13, 2021 (GLOBE NEWSWIRE) — In a release issued under the same headline earlier today by Chicken Soup for the Soul Entertainment, Inc. (Nasdaq: CSSE) please note that certain changes were made in the Adjusted EBITDA table, specifically in the following lines: Film library and program rights amortization, Share-based compensation expense and Reserve for bad debt and video returns. The corrected release follows: Chicken Soup for the Soul Entertainment, Inc. (Nasdaq: CSSE), one of the largest operators of streaming advertising-supported video-on-demand (AVOD) networks, today announced its financial results for the first quarter ended March 31, 2021. “Our first quarter results...

Microbix Reports Record Results for Q2 Fiscal 2021

Written by Customer Service on May 13, 2021. Posted in Public Companies.

Record Q2 Sales of $4.35 million, Record Net Earnings of $0.8 million MISSISSAUGA, Ontario, May 13, 2021 (GLOBE NEWSWIRE) — Microbix Biosystems Inc. (TSX: MBX, OTCQB: MBXBF, Microbix®), a life sciences innovator and exporter, reports results for its second quarter and first half of fiscal 2021 ending March 31, 2021 (“Q2” and “H1”), with record sales and earnings, plus progress upon its strategic goals. Management Discussion Q2 revenues were up 51% from 2020, achieving a record level of $4.35 million as Microbix continues to emphasize its sales of innovative, proprietary, and branded medical devices. Sales of its test quality assessment products (“QAPs™”) for Q2 increased 251% from the same period in fiscal 2020 (Q2 2020) to reach a record 34% of total sales. Microbix’s newest product line, viral transport medium (branded “DxTM™”)...

NOVAGOLD Announces Voting Results from 2021 Annual and Special Meeting of Shareholders

Written by Customer Service on May 13, 2021. Posted in Public Companies.

A total of 237,189,817 or 71.58% of the Company’s issued and outstanding shares were represented at the Company’s Annual and Special Meeting All four proposals presented to shareholders were approved During the 2021 proxy season, NOVAGOLD placed outreach calls to shareholders holding more than 90% of the Company’s issued and outstanding common shares entitled to voteVANCOUVER, British Columbia, May 13, 2021 (GLOBE NEWSWIRE) — NOVAGOLD RESOURCES INC. (“NOVAGOLD” or the “Company”) (NYSE American, TSX: NG) is pleased to announce the detailed voting results on the items of business considered at its Annual and Special Meeting of Shareholders held virtually on May 12, 2021 (the “Meeting”). All proposals were approved and all ten director nominees were elected. A total of 237,189,817 or 71.58% of the Company’s issued and outstanding...

Premier Information Management, Inc. Announces Reverse Merger With Cannabinoid Biosciences, Inc.

Written by Customer Service on May 13, 2021. Posted in Public Companies.

TORRANCE, May 13, 2021 (GLOBE NEWSWIRE) — Premier Information Management, Inc. (OTC: PIFR) announced today that it has entered into a reverse merger agreement with Cannabinoid Biosciences, Inc. a California biopharmaceutical company, which intends to engage in the discovery, development, and commercialization of cures and novel therapeutics from proprietary cannabinoid, cannabidiol, endocannabinoids, phytocannabinoids, and synthetic cannabinoids product platform suitable for specific treatments in a broad range of disease areas. CBDX is SEC reporting Regulation A+, company. CBDX business plan is primarily, to engage in biopharmaceutical research and development operation with aim of identifying viable drug candidates to go into clinical trials and if successful, be submitted to the FDA for approval. Secondarily, the company also...

Month: May 2021

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