Day: August 25, 2021

Brookfield Infrastructure and Inter Pipeline Ltd. Provide Update on Strategic Transaction

Written by Customer Service on August 25, 2021. Posted in Mergers And Acquisitions.

Brookfield Infrastructure is pleased to announce that it has taken up and paid for 253,166,495 common shares of Inter Pipeline Ltd. (“Inter Pipeline”) tendered to its take-over bid dated February 22, 2021 (as amended, the “Offer”) resulting in Brookfield Infrastructure owning 68.7% of Inter Pipeline’s common shares Inter Pipeline shareholders over-elected to receive BIPC Shares and Exchange LP Units, highlighting the attractiveness of a high quality and globally diverse portfolio of long-life, highly contracted infrastructure assets In connection with the transaction, Brookfield Infrastructure has filed a mandatory extension to the Offer which will remain open until September 3, 2021 at 5:00 p.m. (Mountain Time) Brookfield Infrastructure and Inter Pipeline recommend that remaining Inter Pipeline shareholders tender to the Offer to ensure...

Titanium Corporation Reports Results for the Second Quarter Ended June 30, 2021 and Provides a Project Update

Written by Customer Service on August 25, 2021. Posted in Earnings Releases And Operating Results.

CALGARY, Alberta, Aug. 25, 2021 (GLOBE NEWSWIRE) — Titanium Corporation Inc. (the “Company” or “Titanium”) (TSX-V: TIC) today released its results for the three and six month periods ended June 30, 2021. During the first six months of 2021, the joint Titanium and Canadian Natural Resources Limited (“Canadian Natural”) project team completed critical milestones related to the CVW™ Horizon Project (“Project”) related to the Class 3 cost estimate update for the Project, including engineering validation, optimization, and economics, which remains under review. The Company submitted a number of government milestone reports and collected over $3.0 million of non-repayable government funding contributions, including an August payment from Natural Resources Canada (“NRCan”). “Completion of this key engineering phase of the Project has...

Avante Logixx Inc. Announces Adjusted EBITDA of $2.0 Million (or $0.095 Per Share) for its First Quarter Ended June 30, 2021 on Revenues of $24.1 Million

Written by Customer Service on August 25, 2021. Posted in Earnings Releases And Operating Results.

BOARD OF DIRECTORS INITIATES REVIEW OF STRATEGIC ALTERNATIVES Not for distribution to U.S. news wire services or for dissemination in the United States TORONTO, Aug. 25, 2021 (GLOBE NEWSWIRE) — Avante Logixx Inc. (TSX.V: XX) (OTC: ALXXF) (“Avante” or the “Company”) is pleased to announce financial results for its first fiscal quarter ended June 30, 2021 (all amounts in thousands of Canadian dollars, unless otherwise indicated). The Company is also announcing that its Board of Directors (“the Board”) will consider and evaluate various strategic alternatives available to the Company (the “Strategic Review”). RESULTS FOR THE THREE-MONTH PERIOD ENDED JUNE 30, 2021Avante’s Fiscal Year End is March 31. Three Months EndedExpressed in C$ thousands, unless otherwise noted 30-Jun-20 31-Mar-21 30-Jun-21 Revenues $18,204 $24,706 $24,120 Gross...

eFFECTOR Therapeutics Debuts as Publicly Traded Next-Generation Oncology Company Advancing Mature Pipeline with New Class of Cancer Therapies

Written by Customer Service on August 25, 2021. Posted in Mergers And Acquisitions.

Common stock and warrants expected to commence trading on Nasdaq on August 26, 2021 under the ticker symbols EFTR and EFTRW SAN DIEGO, Aug. 25, 2021 (GLOBE NEWSWIRE) — eFFECTOR Therapeutics, Inc. (eFFECTOR), a leader in the development of selective translation regulator inhibitors (STRIs) for the treatment of cancer, today completed its business combination with Locust Walk Acquisition Corp. (NASDAQ: LWAC). The resulting combined company (the Company) has been renamed “eFFECTOR Therapeutics, Inc.” and expects its common stock and public warrants will commence trading on Nasdaq under the new trading symbols “EFTR” and “EFTRW”, respectively, starting on August 26, 2021. The stockholders of LWAC approved the transaction at a special meeting held on August 24, 2021, and the transaction was previously approved by eFFECTOR’s stockholders....

Perseus Mining Increases Net Profit By 48% in FY2021 to $139M & Declares Maiden Capital Return

Written by Customer Service on August 25, 2021. Posted in Earnings Releases And Operating Results.

PERTH, Western Australia, Aug. 26, 2021 (GLOBE NEWSWIRE) — Perseus Mining Ltd (ASX/TSX: PRU) has released its Financial Report for the financial year ending June 30, 2021 (“FY2021”), during which it made significant progress towards achieving its goal of becoming a multi-mine, multi-jurisdictional producer of more than 500,000 ounces of gold per annum at a cash margin of not less than US$400/oz. HIGHLIGHTSPerseus increased FY2021 net profit after tax by 48% to $139.4 million compared to FY2020 FY2021 EBITDA of $303.1 million, was up 11% on FY2020 Perseus will return 1.50 cents per share to shareholders, representing a 1% yieldThe Perseus Group recorded a net profit after tax of $139.4 million (9.57 cents per share) for the year, compared to $94.4 million in the previous financial year, a 47.6% improvement on FY2020. Perseus...

Perseus Mining Announces Dividend Policy and Maiden Capital Return

Written by Customer Service on August 25, 2021. Posted in Dividend Reports And Estimates.

PERTH, Western Australia, Aug. 26, 2021 (GLOBE NEWSWIRE) — Perseus Mining Limited (ASX/TSX: PRU) (Perseus or the Company) is pleased to announce that its Board of Directors has approved the implementation of a Dividend Policy commencing with a maiden distribution by way of a capital return to shareholders. HIGHLIGHTSPerseus will make a maiden distribution by way of a shareholder approved capital reduction of A$0.015 per share. Going forward, Perseus intends to make semi-annual dividend payments representing cumulatively, at least 1% annual yield per year. Perseus will announce any distributions when announcing half year and full year financial results. Further distributions via increased dividends or share buy backs, in excess of the 1% annual yield, may be considered from time to time, subject to the Company’s capacity to pay...

Acceleware Ltd. Reports Second Quarter 2021 Financial and Operating Results

Written by Customer Service on August 25, 2021. Posted in Earnings Releases And Operating Results.

CALGARY, Alberta, Aug. 25, 2021 (GLOBE NEWSWIRE) — Acceleware® Ltd. (“Acceleware” or the “Company”) (TSX-V: AXE), a leading developer of technologies targeting low-cost and clean extraction of heavy oil and bitumen, today announced its financial and operating results for the three and six months ended June 30, 2021 (all figures are in Canadian dollars unless otherwise noted). Acceleware’s second quarter results reflect contributions from the Company’s two business units, comprised of radio frequency heating technology (“RF Heating”), which supports a cost-effective and environmentally friendly alternative to steam assisted gravity drainage (“SAGD”) for the extraction of heavy oil and bitumen through its proprietary RF XL heating technology, along with high-performance scientific computing applications (“HPC”). This news release...

Sharps Compliance Corp. Announces Proposed Public Offering of Common Stock

Written by Customer Service on August 25, 2021. Posted in Public Companies.

HOUSTON, Aug. 25, 2021 (GLOBE NEWSWIRE) — Sharps Compliance Corp. (Nasdaq: SMED), a full service provider of waste management, today announced that it intends to offer shares of its common stock in an underwritten public offering. Sharps Compliance Corp. also expects to grant to the underwriters of the offering a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the underwritten public offering on the same terms and conditions. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Roth Capital Partners is acting as the sole manager for the offering. Sharps Compliance Corp. intends to use the net proceeds from this offering for the acquisition of companies,...

Privia Health Reports Results in CMS’ Medicare Shared Savings Program (MSSP)

Written by Customer Service on August 25, 2021. Posted in Public Companies.

Performance Across All Markets in 2020 Demonstrates Improved Care and Lower System Costs$86.5 Million in Shared Savings Delivered across Georgia, Maryland, Texas, Virginia and Washington, DC ARLINGTON, Va., Aug. 25, 2021 (GLOBE NEWSWIRE) — Privia Health Group, Inc. (Nasdaq: PRVA) today announced that its Accountable Care Organizations (“ACOs”) delivered quality care and improved patient outcomes, and achieved shared savings of $86.5 million through the Medicare Shared Savings Program (“MSSP”). Privia’s ACOs (collectively “Privia Quality Network”) provided high-value, cost-efficient care to more than 121,000 Medicare beneficiaries in 2020. “We understand how to meet healthcare providers where they are on their journey to improve care and outcomes in their community. These results are proof that the Privia Health platform is continuing...

Quorum Announces Q2 2021 Results – Record SaaS Revenue Growth

Written by Customer Service on August 25, 2021. Posted in Earnings Releases And Operating Results.

Annualized Software as a Service (SaaS) revenue increases a record 20% to $6.4 millionAnnualized Business Development Centre (BDC) revenue increases 36% to $2.4 million CALGARY, Alberta, Aug. 25, 2021 (GLOBE NEWSWIRE) — Quorum Information Technologies Inc. (TSX Venture: QIS) (Quorum), a leading provider of innovative and robust technology solutions and services to traditional and electric vehicle dealerships and Original Equipment Manufacturers (OEM) across North America, released its results for Q2 2021 today. Q2 2021 recorded the highest SaaS and BDC revenue quarter in Quorum’s history. SaaS and BDC revenue increased by 5% and 9% respectively over Q1 2021. These quarter-over-quarter increases represent annualized increases of 20% and 36% respectively. Second Quarter ResultsSaaS revenue was $6.4 million, an increase of 51% compared...

Day: August 25, 2021

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