Day: November 9, 2021

MILPITAS, Calif., Nov. 09, 2021 (GLOBE NEWSWIRE) — View, Inc. (NASDAQ: VIEW, “View”), the leader in smart building technologies, today posted the following message on its website, www.view.com: “To View employees, customers, and shareholders, Today we announced the substantial completion of View’s Audit Committee investigation that found material errors in our previously reported warranty accruals relating to an older generation product. We expect that a restatement of our 2019, 2020, and 2021 financials will be required. Uncovering an issue with the functioning of our finance and accounting organization is painful. As CEO, I take full ownership and I am fully committed to do everything I can to correct this. We built View to be excellent in everything we do. Finance and accounting are no less a part of that commitment than other...

Record operating cash flows from the royalties and streams segment of $44.1 million Strong cash margin of $46.5 million MONTRÉAL, Nov. 09, 2021 (GLOBE NEWSWIRE) — Osisko Gold Royalties Ltd (the “Company” or “Osisko”) (OR: TSX & NYSE) today announced its consolidated financial results for the third quarter of 2021. Amounts presented are in Canadian dollars, except where otherwise noted. Financial HighlightsEarned 20,032 GEOs1 (Q3 2020 –16,739 GEOs) Record revenues from royalties and streams of $50.0 million (Q3 2020 – $41.2 million) Cash margin4 of 93% from royalty and stream interests (Q3 2020 – 96%); 97% excluding the Renard diamond stream Consolidated cash flows from operating activities of $41.1 million (Q3 2020 – $36.1 million)Record operating cash flows from the royalties and streams segment2 of $44.1 million (Q3...

CALGARY, Alberta, Nov. 09, 2021 (GLOBE NEWSWIRE) — Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX: MXG) announced today the release of financial and operating results for the third quarter ended September 30, 2021. The unaudited condensed consolidated interim financial statements, accompanying notes and Management’s Discussion and Analysis (“MD&A”) will be available on SEDAR and on MAXIM’s website on November 9, 2021. All figures reported herein are Canadian dollars unless otherwise stated. FINANCIAL HIGHLIGHTS  Three Months Ended September 30, Nine Months Ended September 30,($ in thousands except per share amounts) 2021 2020 2021 2020Revenue 44,224 17,726 118,596 29,444Adjusted EBITDA (1) 20,639 5,698 51,503 6,304Net income 18,092 498 74,107 337Earnings per...

CALGARY, Alberta, Nov. 09, 2021 (GLOBE NEWSWIRE) — Essential Energy Services Ltd. (TSX: ESN) (“Essential” or the “Company”) is pleased to announce the appointment of Ms. Felicia Bortolussi to the Company’s Board of Directors effective immediately. Ms. Bortolussi is an experienced securities lawyer with over 25 years dealing with corporate and commercial legal matters, corporate governance, mergers, acquisitions and divestments, capital formation, securities regulatory compliance, continuous disclosure, risk management and executive compensation and incentive programs. Ms. Bortolussi is the principal of her independent legal and advisory practice, which she established seven years ago and which includes acting in the capacity of out-sourced general counsel and as a board and executive-level legal advisor. Previously, Ms. Bortolussi...

Denver, CO , Nov. 09, 2021 (GLOBE NEWSWIRE) — RCF Acquisition Corp. (the “Company”) today announced the pricing of its initial public offering of 20,000,000 units at a price of $10.00 per unit. The units will be listed on the New York Stock Exchange (the “NYSE”) and trade under the ticker symbol “RCFA.U” beginning on November 10, 2021. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share. Only whole warrants will be exercisable. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the NYSE under the symbols “RCFA” and “RCFA WS,” respectively. RCF Acquisition Corp. is a blank check company whose business purpose...

VANCOUVER, British Columbia, Nov. 09, 2021 (GLOBE NEWSWIRE) — CloudMD Software & Services Inc. (TSXV: DOC, OTCQB: DOCRF, Frankfurt: 6PH) (the “Company” or “CloudMD”), a healthcare technology company transforming the delivery of care, has announced the results of its annual general and special meeting (“AGM”) held today, November 9, 2021. The Company further announces that it has appointed Duncan Hannay and Karen Adams to the Board of Directors of CloudMD. Mark Kohler, Chairman of the Board comments, “On behalf of the entire Board of Directors, I would like to personally thank all our supportive shareholders for having confidence in us to deliver on our strategy during this time of rapid growth. I would also like to welcome Karen Adams and Duncan Hannay as new directors, as their collective knowledge and experience will add...

MILPITAS, Calif., Nov. 09, 2021 (GLOBE NEWSWIRE) — View, Inc. (NASDAQ: VIEW, “View”), the leader in smart building technologies, today provided an update on its previously disclosed Audit Committee independent investigation, an update on 2021 revenue guidance and the Company’s continuing business momentum. Audit Committee Substantially Completes its Independent InvestigationThe Audit Committee of View’s Board of Directors has now substantially completed its independent investigation and has concluded that the Company’s previously reported liabilities associated with all warranty-related obligations and the cost of revenue associated with the recognition of those liabilities were materially misstated. As a result, the Company will be restating its previously issued 2019 and 2020 annual and certain unaudited interim financial statements...

EDMONTON, Alberta, Nov. 09, 2021 (GLOBE NEWSWIRE) — Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today reported results for the third quarter and nine months ended September 30, 2021. Company year-to-date revenue was up 13% to $165.03 million compared to 2020. Community Development division revenue increased 30% over the same period in 2020. Investment properties grew by 22,865 sf or 1% year-to-date as a result of properties transferred from our Property Development division. Revenue in our income-producing divisions (Investment Properties and REIT) was down 1% over Q3-2020 and up 1% year-to-date. Vacancy rates are up slightly due to challenging markets. Year-to-date net income was impacted by non-cash fair value losses of $26.31 million on REIT units related to unit...

TORONTO, Nov. 09, 2021 (GLOBE NEWSWIRE) — Mount Logan Capital Inc. (NEO: MLC) (“Mount Logan,” “our,” “we,” or the “Company”) announces its financial results for the third quarter ended September 30, 2021. All amounts are stated in United States dollars, unless otherwise indicated. Third Quarter Highlights:Total investment income increased 92% from $1.4 million for the three months ended June 30, 2021 to $2.7 million for the three months ended September 30, 2021 and increased 179% for the comparable period in 2020. Management fees and interest income represents 70% of total investment income, generated from our CLO Platform, Alt-CIF Interval Fund, Logan Ridge Finance Corporation and our minority interest in Sierra Crest Investment Management LLC. Successfully completed our transaction to become the investment advisor of Logan...