Month: May 2021

Aurcana Silver Project Update, Filing of 1st Quarter Finanicals and Award of Options

Written by Customer Service on May 27, 2021. Posted in Public Companies.

VANCOUVER, British Columbia, May 27, 2021 (GLOBE NEWSWIRE) — AURCANA SILVER CORPORATION (“Aurcana” or the “Company“) (TSXV: AUN, OTCQX: AUNFF) is pleased to announce another strong month of pre-production activities at the Company’s wholly owned Revenue-Virginius Mine in Ouray, Colorado. The Company remains on track with the guidance provided in its May 4, 2021 press release for production to ramp up during July 2021 and its target of reaching full production levels in September 2021. During the month of May, key underground activities included continued steady advance rates in the vertical development of the alimak raises. The #1 Alimak Raise development is nearly complete and ready for installation of the timber and hoist. The #3 Alimak Raise has reached the 1800 level. Crosscut development to intersect...

Brookfield Property Partners Sets Record Date for Special Meeting of Unitholders to Consider Privatization Transaction

Written by Customer Service on May 27, 2021. Posted in Public Companies.

BROOKFIELD NEWS, May 27, 2021 (GLOBE NEWSWIRE) — Brookfield Property Partners L.P. (Nasdaq: BPY; TSX: BPY.UN) announced today that the record date for its upcoming special meeting of unitholders to consider Brookfield Asset Management Inc.’s (“BAM”) acquisition of all of the limited partnership units of BPY (“the transaction”) will be June 8, 2021. Only unitholders of record as of the close of business on the record date will be entitled to vote their units at the meeting. The special meeting is expected to take place on July 16, 2021. Holders of Class A stock of Brookfield Property REIT Inc. (Nasdaq: BPYU) (“BPYU shares”) and holders of exchangeable limited partnership units of Brookfield Office Property Exchange LP (“exchangeable units”) are not entitled to vote at the special meeting or exercise dissent rights with respect to...

Interfor Continues to Grow with Acquisition of Four US Sawmills from Georgia-Pacific

Written by Customer Service on May 27, 2021. Posted in Public Companies.

BURNABY, British Columbia, May 27, 2021 (GLOBE NEWSWIRE) — INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) announced today that it has reached an agreement with Georgia-Pacific Wood Products LLC and GP Wood Products LLC (collectively “Georgia-Pacific”) to acquire four of its sawmill operations located in Bay Springs, MS, Fayette, AL, DeQuincy, LA and Philomath, OR (collectively the “Sawmill Operations”). The total purchase price of US$375 MM, which includes working capital, will be funded entirely from cash on hand. The Sawmill Operations are highly complementary to Interfor’s existing platforms in the US South and the US Northwest, and the acquisition will support accelerated growth and enhance the Company’s position to benefit from robust market conditions. The acquisition will be immediately accretive to Interfor’s...

Fanhua Announces Quarterly Cash Dividend of US$0.15 per ADS for the First Quarter of 2021

Written by Customer Service on May 27, 2021. Posted in Dividend Reports And Estimates.

GUANGZHOU, China, May 27, 2021 (GLOBE NEWSWIRE) — The board of directors of Fanhua Inc. (“Fanhua” or “the Company”) (Nasdaq: FANH), a leading independent financial services provider in China, today announced that its Board of Directors (the “Board”) has declared a quarterly dividend of US$0.0075 per ordinary share, or US$0.15 per ADS for the first quarter of 2021. The dividend is payable on or around June 25, 2021 to shareholders of record on June 11, 2021. About Fanhua Inc. Fanhua Inc. is a leading independent financial services provider. Through our online platforms and offline sales and service network, we offer a wide variety of financial products and services to individuals, including life and property and casualty insurance products. We also provide insurance claims adjusting services, such as damage assessments, surveys,...

POET Technologies Reports First Quarter 2021 Financial Results

Written by Customer Service on May 27, 2021. Posted in Earnings Releases And Operating Results.

TORONTO, May 27, 2021 (GLOBE NEWSWIRE) — POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; OTCQX: POETF), the designer and developer of the POET Optical Interposer™ and Photonic Integrated Circuits (PICs) for the data center and tele-communication markets, today reported its unaudited condensed consolidated financial results for the first quarter ended March 31, 2021. The Company’s financial results as well as the Management Discussion and Analysis have been filed on SEDAR. All financial figures are in United States dollars (“USD”) unless otherwise indicated. First Quarter Financial (non-IFRS) and Recent Business Highlights: The Company continued to execute on its strategic plan during the first quarter and achieved the following significant milestones during the three months ended March 31, 2021:Completed...

WOW! Unlimited Media Announces Financial Results For the First Quarter of 2021

Written by Customer Service on May 27, 2021. Posted in Earnings Releases And Operating Results.

COMPANY REPORTS ITS HIGHEST QUARTERLY NET INCOME TO DATE VANCOUVER, British Columbia, May 27, 2021 (GLOBE NEWSWIRE) — WOW! Unlimited Media Inc. (“WOW!” or the “Company”) (TSX-V: WOW; OTCQX: WOWMF) announced today its results for the three months ended March 31, 2021. Michael Hirsh, Chairman & CEO, commented: “Our strong first quarter performance and year over year growth marks another milestone in WOW!’s path to building a global animation driven entertainment company. As we look forward to a gradual return to more normal way of life, our teams across both the animation and networks divisions are focused on executing a robust 2021, working closely with our clients and partners across the world.” KEY HIGHLIGHTSThe Company completed the first quarter of 2021 with operating EBITDA of $1.9 million for the three months ended...

Report on Financial Results for the Three Months Ended March 31, 2021

Written by Customer Service on May 27, 2021. Posted in Earnings Releases And Operating Results.

TORONTO, May 27, 2021 (GLOBE NEWSWIRE) — Mitchell Cohen, Chief Executive Officer and President of Urbanfund Corp. (TSX-V: UFC) (“Urbanfund” or the “Company”), confirmed today that the Company has filed its financial statements for the three months ended March 31, 2021 (the “Consolidated Financial Statements”) and corresponding Management’s Discussion and Analysis (“MD&A”). BUSINESS OVERVIEW AND STRATEGY Business Overview Urbanfund Corp. is an incorporated entity listed on the TSX Venture Exchange (“TSX-V”) under the symbol UFC. The Company is a reporting issuer in Alberta, British Columbia and Ontario. Urbanfund’s focus is to invest in Canadian real estate and real estate related projects with a focus on a mix of both residential and commercial properties. The Company’s assets are located in Toronto, Brampton, Belleville,...

360 DigiTech Announces First Quarter 2021 Unaudited Financial Results

Written by Customer Service on May 27, 2021. Posted in Earnings Releases And Operating Results.

SHANGHAI, May 27, 2021 (GLOBE NEWSWIRE) — 360 DigiTech, Inc. (QFIN) (“360 DigiTech” or the “Company”), a data driven, technology empowered digital platform, today announced its unaudited financial results for the first quarter ended March 31, 2021. First Quarter 2021 Business HighlightsAs of March 31, 2021, our digital platform has connected 105 financial institutional partners and 169.1 million consumers*1 with potential credit needs, cumulatively, an increase of 19.4% from 141.6 million a year ago. Users with approved credit lines*2 was 32.7 million as of March 31, 2021, an increase of 25.1% from 26.1 million as of March 31, 2020. Cumulative borrowers with successful drawdown, including repeat borrowers was 21.0 million as of March 31, 2021, an increase of 24.9% from 16.8 million as of March 31, 2020. As of March 31, 2021,...

Afya Limited Announces Entering into of Purchase Agreement for the Acquisition of UNIGRANRIO

Written by Customer Service on May 27, 2021. Posted in Mergers And Acquisitions.

NOVA LIMA, MINAS GERAIS, Brazil, May 27, 2021 (GLOBE NEWSWIRE) — Afya Limited, or Afya (Nasdaq: AFYA) today announced it entered into a purchase agreement for the acquisition, through its wholly-owned subsidiary Afya Participações S.A., of 100% of the total share capital of Universidade do Grande Rio Professor José de Souza Herdy (“UNIGRANRIO”). The aggregate purchase price (enterprise value) is R$700.0 million, including the assumption of estimated Net Debt of R$72.4 million which will be adjusted at the closing date. The equity value will be paid: 60% in cash on the transaction closing date and 40% in four equal annual installments, adjusted by the CDI rate. We expected an EV/EBITDA of 4.1x at maturity and post synergies. UNIGRANRIO is a post-secondary education institution with government authorization to offer on-campus, undergraduate...

Fanhua Reports First Quarter 2021 Unaudited Financial Results

Written by Customer Service on May 27, 2021. Posted in Earnings Releases And Operating Results.

GUANGZHOU, China, May 27, 2021 (GLOBE NEWSWIRE) — Fanhua Inc., (Nasdaq: FANH), (the “Company” or “Fanhua”), a leading independent financial services provider in China, today announced its unaudited financial results for the first quarter ended March 31, 20211. Financial Highlights for the First Quarter of 2021:(In thousands, except per ADS) 2020Q1(RMB) 2021Q1(RMB) 2021Q1(US$) Change %Total net revenues 722,623 1,095,029 167,134 51.5 Operating income 60,044 140,401 21,429 133.8 Net income attributable to the Company’s shareholders 45,793 138,385 21,121 202.2 Basic and diluted net income per ADS2 0.85 2.58 0.39 203.5 Cash, cash equivalents and short- term investments (As of March, 31, 2020 and 2021) 1,843,238 1,624,399 247,932 (11.9 )Commenting on the financial results of first quarter of 2021, Mr. Chunlin...

Month: May 2021

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