Day: June 25, 2021

Results of Operations for the Year Ended December 31, 2020 - American Overseas Group Limited Announces Net Loss Of $5.0 Million and Operating Loss of $22.4 Million For the Year Ended December 31, 2020 as it exits financial guaranty line of business

Results of Operations for the Year Ended December 31, 2020 – American Overseas Group Limited Announces Net Loss Of $5.0 Million and Operating Loss of $22.4 Million For the Year Ended December 31, 2020 as it exits financial guaranty line of business

HAMILTON, Bermuda, June 25, 2021 (GLOBE NEWSWIRE) — American Overseas Group Limited (BSX: AORE.BH) (Pink Sheets: AOREF.PK) (“AOG” or the “Company”) today reported consolidated net loss available to common shareholders of $5.0 million, or $106.53 per diluted share, for the year ended December 31, 2020. This compares to consolidated net loss available to common shareholders of $3.7 million, or $80.13 per diluted share, for the year ended December 31, 2019. The result for the year was heavily impacted by losses in the Company’s financial guaranty segment related to a commutation of the remaining portfolio of financial guaranty reinsurance business it had assumed from Assured Guaranty Municipal Corp (“AGMC”). Book value per share at December 31, 2020 was $1,062.22 a decline from the book value per share of $1,159.08 at December 31,...

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Ceylon Graphite Announces Debt Conversion

Ceylon Graphite Announces Debt Conversion

VANCOUVER, British Columbia, June 25, 2021 (GLOBE NEWSWIRE) — Ceylon Graphite Corp. (“Ceylon Graphite”) (TSX-V: CYL) (OTC: CYLYF) (FSE: CCY) is pleased to announce that it has negotiated a debt conversion agreement (the “Debt Agreements”) with Bharat Parashar, the former Chief Executive Officer and Chairman of Ceylon. As disclosed in the Corporation’s press release dated June 2, 2021. Mr. Parashar retired as Ceylon’s Chief Executive Officer and as Chairman. Pursuant to the terms of the Debt Agreements the Corporation has agreed to issue an aggregate of 1,500,000 common shares (“Debt Shares”) to Mr. Parashar in exchange for the cancellation of $300,000 (the “Debt”) in debt owing to the Mr, Bharat. The Debt Shares are being issued at a deemed price of $0.20 per share. The Debt is comprised of $100,000 in unpaid, accrued management...

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Arbor Private Label Mortgage Lender Closes $450 Million Multifamily Mortgage Loan Securitization

Arbor Private Label Mortgage Lender Closes $450 Million Multifamily Mortgage Loan Securitization

UNIONDALE, N.Y., June 25, 2021 (GLOBE NEWSWIRE) — Arbor Realty Trust, Inc. (“Arbor”) (NYSE:ABR) today announced the closing of a multifamily mortgage loan securitization totaling approximately $450 million (the “Securitization”). Arbor affiliate Arbor Private Label, LLC, originated the mortgage loans and was the loan seller and sponsor for the Securitization. The Securitization is the second for the Arbor Private Label multifamily mortgage loan securitization program. The Securitization is backed by a pool of 32 fixed rate mortgage loans secured by first priority mortgage liens on 50 multifamily properties. Arbor’s servicing and asset management affiliate, Arbor Multifamily Lending, LLC, will be the primary servicer of the mortgage loans. Beneficial ownership interests in the Securitization trust are represented by a series of...

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Cronos Group Inc. Announces Results of 2021 Annual Meeting of Shareholders

Cronos Group Inc. Announces Results of 2021 Annual Meeting of Shareholders

TORONTO, June 25, 2021 (GLOBE NEWSWIRE) — Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group” or the “Company”) announces that at its Annual Meeting of Shareholders held earlier today (the “Meeting”) there were 430 shareholders voting in person or by proxy holding in total 280,023,803 common shares of the Company, representing 75.35% of the total number of common shares of the Company outstanding. Each of the directors listed as a nominee in the Company’s proxy statement dated April 27, 2021 (the “Proxy Statement”) was elected as a director of the Company, with each director receiving in excess of 94.38% of the votes cast in favor of his or her election. The detailed results of the vote for the election of directors are as follows: Name of Director Number of SharesVoted For Percentage of SharesVoted For Number of SharesWithheld...

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Nasdaq Completes Sale of U.S. Fixed Income Business to Tradeweb Markets

Nasdaq Completes Sale of U.S. Fixed Income Business to Tradeweb Markets

NEW YORK, June 25, 2021 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq: NDAQ) announced today that it completed the sale of its U.S. fixed income business, Nasdaq Fixed Income (NFI), to Tradeweb Markets Inc. (Nasdaq: TW), a leading global operator of electronic marketplaces for rates, credit, equities and money markets. The sale was initially announced February 2, 2021. The decision to sell NFI aligns with Nasdaq’s corporate strategy to concentrate its resources and capital to maximize its potential as a major technology and analytics provider to the global capital markets. As previously disclosed, upon the closing of the sale of NFI, Nasdaq’s contingent obligation to issue Nasdaq shares to BGC Partners, L.P. or its assignees was reduced (pursuant to the discounting adjustment provisions set forth in the original purchase agreement for Nasdaq’s...

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Harfang Completes a $2M Flow Through Private Placement

Harfang Completes a $2M Flow Through Private Placement

MONTREAL, June 25, 2021 (GLOBE NEWSWIRE) — Harfang Exploration Inc. (“Harfang” or the “Corporation”) (TSX-V: HAR) announces today the closing of a non-brokered private placement. The private placement (the “Offering”) consists in the issuance of 4,000,000 flow-through common shares (the “FT Shares”) at a price of $0.50 per FT Share for an amount of $2,000,000. Reporting insiders of the Corporation have participated in the Offering of FT Shares for proceeds of $72,000 under the same terms and conditions as the other investors. The participation of these insiders is exempt from the formal valuation and shareholder approval requirements under Regulation 61-101 respecting Protection of Minority Holders in Special Transactions. The exemption is based on the fact that the market value of such participation or the consideration paid by...

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Q2-2021 Results Conference Call

Q2-2021 Results Conference Call

AURORA, Ontario, June 25, 2021 (GLOBE NEWSWIRE) — Magna International Inc. (TSX:MG) (NYSE:MGA) Q2-2021 RESULTS CONFERENCE CALL FRIDAY – AUGUST 6, 2021 7:00 AM ET     DIAL IN NUMBERS North America: 1-800-950-7243 International: 1-416-981-9010 Webcast: www.magna.com      Slide presentation will be available on our website prior to the call.     REBROADCAST INFORMATION Replay available 2 hours after the call until August 13, 2021 North America: 1-800-558-5253 International: 1-416-626-4100 Reservation No.: 21995642 INVESTOR CONTACTLouis Tonelli, Vice-President, Investor Relationslouis.tonelli@magna.com     905-726-7035 TELECONFERENCE CONTACTNancy Hansford, Executive Assistant, Investor Relations nancy.hansford@magna.com     905-726-7108  

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Viper Networks and Toledo Solar Announce Strategic U.S. Manufacturing and Partnership Agreement

Viper Networks and Toledo Solar Announce Strategic U.S. Manufacturing and Partnership Agreement

TROY, Mich., June 25, 2021 (GLOBE NEWSWIRE) — Viper Networks, Inc. (OTC Pink: VPER), an international leader in the LED Street Lights products and integrated Smart Cities systems and solutions markets, is pleased to announce that the Company has entered into a Strategic U.S. Manufacturing and Partnership Agreement with Toledo Solar, Inc., a Toledo, Ohio based Solar products manufacturer. The agreement will allow Viper Networks to consolidate its manufacturing facilities into one location for their products and integrated services to meet all current production requirements as well as significantly greater product demands from future domestic and international projects. In short order, all manufacturing will be based at Toledo Solar’s state-of-the-art manufacturing facilities and headquarters in Perrysburg (Greater Toledo), Ohio. Geographical...

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Smartt, Inc. FKA Carsmartt, Inc. announces the acquisition of Black Brick Construction, Inc.

Smartt, Inc. FKA Carsmartt, Inc. announces the acquisition of Black Brick Construction, Inc.

Black Brick Construction, Inc. Black Brick Construction, Inc. Black Brick Construction, Inc. 1 Black Brick Construction, Inc. 1 Black Brick Construction, Inc. 2 Black Brick Construction, Inc. 2 Miami, Florida, June 25, 2021 (GLOBE NEWSWIRE) — Smartt Inc., (OTC Pink: CRSM), is pleased to announce the acquisition of Black Brick Construction, Inc., a construction company specialized in Ground up Construction and Data Centers.  Our Director Mr. Diego Visconti commented: “Smartt, Inc. completed the acquisition of 100% shares of Black Brick Construction, Inc. The company is over $100,000 cash flow positive, and has three new projects coming up with a great potential to grow”. Smartt, Inc. FKA Carsmartt, Inc. has recently changed the name and has an ongoing application with FINRA, the...

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Revive Therapeutics Approved to Trade on the OTCQB Market

Revive Therapeutics Approved to Trade on the OTCQB Market

TORONTO, June 25, 2021 (GLOBE NEWSWIRE) — Revive Therapeutics Ltd. (“Revive” or the “Company”) (CSE: RVV, USA: RVVTF, FRANKFURT: 31R), a specialty life sciences company focused on the research and development of therapeutics for medical needs and rare disorders, is pleased to announce that its common shares have been approved for trading on the OTCQB® Market (“OTCQB”) effective Monday June 28, 2021. The Company’s U.S. listing will trade under the symbol “RVVTF” while the Company’s primary Canadian listing will continue to trade on the Canadian Securities Exchange under “RVV”. Michael Frank, CEO of the Company commented, “We are focused on completing our Phase 3 study in COVID-19 with the aim to seek EUA approval from the FDA for Bucillamine in the treatment of mild to moderate COVID-19 patients, and advancing...

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