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Day: November 30, 2021

Skeljungur hf.: Purchase agreement signed and documentation concluded relating to Skeljungur’s sale of P/F Magn to Sp/f Orkufelagið

As announced last 2 September, Skeljungur entered into exclusive negotiations with Sp/f Orkufelagið on the sale of all the shares in Skeljungur’s subsidiary in the Faroe Islands, P/F Magn, based on a received purchase offer. Last 31 October it was announced that reservations in the purchase offer made by Sp/f Orkufelagið regarding financing and the conclusions of due diligence had either been met or withdrawn. The announcement further disclosed that Skeljungur had agreed to participate in Sp/f Orkufelagið’s financing by re-investing up to 23% of the total selling price of the transaction in Sp/f Orkufelagið. It was also noted that further details of the financial impact of the transaction and Skeljungur’s involvement with Sp/f Orkufelagið would be provided at the time of finalisation of documentation regarding the sale. A purchase agreement...

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The Community Financial Corporation Increases Quarterly Cash Dividend 17%

WALDORF, Md., Nov. 30, 2021 (GLOBE NEWSWIRE) — The Community Financial Corporation (NASDAQ: TCFC) (the “Company”), the bank holding company for Community Bank of the Chesapeake, announced today that its Board of Directors has declared a quarterly cash dividend of $0.175 per share of common stock, up from $0.15 in the previous quarter. This represents a 17% increase over the previous quarter. The dividend will be paid on or about January 24, 2022 to stockholders of record as of the close of business on January 10, 2022.   “Throughout the pandemic, diligence, thoughtful leadership and team commitment has driven our Company to strong financial results and to be well positioned for continued success,” commented CEO William Pasenelli. “Our focus has been to serve our customers and communities. We have helped thousands of local businesses...

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Icanic Brands Announces Late Filing of Annual Financial Statements and Management Cease Trade Order

VANCOUVER, British Columbia, Nov. 30, 2021 (GLOBE NEWSWIRE) — Icanic Brands Company Inc. (“Icanic” or the “Company”) (TSX-V: ICAN) announces today that, as a result of delays to its audit, the Company’s annual financial statements and accompanying management’s discussion and analysis for the fiscal year ended July 31, 2021 (the “Annual Filings”) were not finalized by November 29, 2021, being the date that such filings are due under applicable Canadian securities law requirements. The Company has applied for, and has been granted, a management cease trade order (the “MCTO”) by the British Columbia Securities Commission. The Company has been delayed in filing its audited financial statements as a result of Covid-19 related delays in obtaining information with respect to subsidiaries acquired during the fiscal period....

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Delta 9 Opens US Based Showroom for Grow Pod and Equipment Sales

WINNIPEG, Manitoba, Nov. 30, 2021 (GLOBE NEWSWIRE) — DELTA 9 CANNABIS INC. (TSX: DN) (OTCQX: DLTNF) (“Delta 9” or the “Company”), is pleased to announce the opening of a US based showroom in Valley City, North Dakota, for sales of the Company’s proprietary grow system. The showroom facility will provide potential Grow Pod customers with a stateside option to view working infrastructure in the United States. Delta 9 has now sold over 250 Grow Pods to third party facilities across North America. “We are continuing to ramp up our marketing efforts for our Grow Pods in the United States market and this new showroom will play an important role in our US strategy,” said John Arbuthnot, CEO of Delta 9, “We feel the US market will provide a significant growth opportunity for our B2B and equipment products...

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Kornit Digital to Participate in Barclays Global Technology, Media and Telecommunications Conference

ROSH HA’AYN, Israel, Nov. 30, 2021 (GLOBE NEWSWIRE) — Kornit Digital (Nasdaq: KRNT), a worldwide market leader in sustainable, on-demand, digital textile production technologies, announced today that management will participate in a fireside chat discussion and conduct one-on-one meetings at the following conference: Barclays Global Technology, Media and Telecommunications ConferenceDate:  Tuesday, December 7, 2021Virtual Fireside Chat Discussion Time: 10:55 am EST The virtual fireside chat discussion will be available via live audio webcast and archived for replay on Kornit’s investor relations website at http://ir.kornit.com/. About Kornit DigitalKornit Digital (NASDAQ: KRNT) is a worldwide market leader in sustainable, on-demand, digital fashion and textile production technologies. The company is writing the operating system...

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Giyani Announces Filing of Final Prospectus for $10 Million Bought Deal Equity Offering and Amended Technical Report

Not for distribution to U.S. newswire services or for dissemination in the United States TORONTO, Nov. 30, 2021 (GLOBE NEWSWIRE) — Giyani Metals Corp. (TSXV:EMM, GR:A2DUU8) (“Giyani” or the “Company“), announces the filing of its final prospectus for its previously announced bought deal public offering of units to raise approximately $10 million (the “Offering“). The Offering is led by Cormark Securities Inc. and Beacon Securities Limited (the “Co-Lead Underwriters“) pursuant to which the Co-Lead Underwriters have agreed to purchase 22,727,300 units (the “Units“) from the treasury of the Company, at a price of $0.44 per Unit for total gross proceeds to Giyani of approximately $10 million. Each Unit will consist of one common share of the Company (a “Common Share“)...

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REC Silicon ASA – Tore Torvund is stepping down as CEO

Moses Lake, WA, 30 November, 2021: The CEO of REC Silicon ASA (“REC Silicon” or the “Company”), Tore Torvund, has decided to step down from his role. Torvund is turning 70 years and his decision has been discussed and agreed with the Board of Directors. Torvund has been instrumental in developing REC Silicon. The Board of Directors will thank him for his valuable contribution, over the last 12 years, in bringing the company to where it is today. The current CFO of REC Silicon ASA, James A. May II, will act as CEO while the Board of Directors finalize its search and recruitment of a new CEO. The current corporate controller Douglas Moore will act as CFO. As was announced by REC Silicon on 11 November 2021, Hanwha Solutions has expressed a strong desire to be represented on the board of the Company following completion of the announced investment...

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Molecular Templates Provides Corporate Update and Outlines 2022 Milestones

Unique PD-L1-mediated immune changes and early signs of anti-tumor activity with MT-6402 Continued dose-finding with MT-5111 and MT-0169 Pipeline advancing with IND planned for CTLA-4 program in 2H22 MTEM to Present at Evercore ISI 4th Annual HealthCONx on December 2nd, 2021 AUSTIN, Texas, Nov. 30, 2021 (GLOBE NEWSWIRE) — Molecular Templates, Inc.(Nasdaq: MTEM, “Molecular Templates,” or “MTEM” or “the Company”), a clinical-stage biopharmaceutical company focused on the discovery and development of proprietary targeted biologic therapeutics, engineered toxin bodies (ETBs), provided a corporate update and outlined expected 2022 milestones. “2021 was a year of growth for MTEM as we advanced our multiple pipeline programs,” said Eric Poma, Ph.D., Chief Executive and Chief Scientific Officer of Molecular Templates. “As we end the year...

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Fairfax India Completes Initial Closing of Its Investment in Maxop Engineering Company Private Limited

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES (Note: All dollar amounts in this news release are expressed in U.S. dollars, except as otherwise noted). TORONTO, Nov. 30, 2021 (GLOBE NEWSWIRE) — Fairfax India Holdings Corporation (“Fairfax India” or the “Company”) (TSX: FIH.U) announces that it has completed the initial closing of its investment in Maxop Engineering Company Private Limited (“Maxop”). In connection with the initial closing, Fairfax India invested INR 2.22 billion (approximately $30 million at current exchange rates) for a 51% equity interest in Maxop. In the second transaction, Fairfax India will invest up to INR 2.66 billion (approximately $35 million at current exchange rates), such amount to be determined based on the achievement by Maxop of certain financial-based performance...

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EPCOR announces increase to annual dividend

EDMONTON, Alberta, Nov. 30, 2021 (GLOBE NEWSWIRE) — EPCOR’s annual dividend to its sole shareholder, the City of Edmonton, will increase from $171 million in 2021 to $177 million in 2022. The increase was recommended by EPCOR’s Board of Directors, and approved by the shareholder on November 25, 2021. “Based on EPCOR’s strong and stable performance, and growth achieved through successful business development activities, company earnings support an increase to the dividend in 2022,” said EPCOR President and CEO Stuart Lee. In accordance with EPCOR’s dividend policy, the new dividend amount will remain in effect until the EPCOR Board recommends a different amount to the shareholder for approval. “EPCOR’s diversification and growth into a North American utility, with operations in four provinces and three states, continues to create...

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