Day: December 1, 2021

CALGARY, Alberta, Dec. 01, 2021 (GLOBE NEWSWIRE) — PHX Energy Services Corp. (“PHX Energy” or the “Corporation“) (TSX: PHX) announces that its Board of Directors (the “Board”) has approved a $10 million increase to the Corporation’s 2022 capital expenditure program (the “Program”). With this increase the Corporation now anticipates spending $40 million in capital expenditures during the 2022-year. PHX Energy will require greater fleet capacity to meet the activity levels expected in 2022 and to mitigate supply chain challenges that persist in the market. The increase will primarily be dedicated to further expanding the Atlas High Performance Drilling Motor (“Atlas Motors”), Velocity Real-Time System (“Velocity”) and PowerDrive Orbit Rotary Steerable System (“RSS”) fleets. Of the $40 million program, $12...

VANCOUVER, British Columbia, Dec. 01, 2021 (GLOBE NEWSWIRE) — Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) today announced that it has priced its previously announced offering of US$225,000,000 aggregate principal amount of convertible senior notes due 2027 (the “Notes” and the “Offering”). The Company has granted the initial purchasers an over-allotment option to purchase up to an additional US$33,750,000 aggregate principal amount of Notes, exercisable in whole or in part at any time until 30 days after the pricing of the Offering. The Notes will be unsecured and will accrue interest payable semi-annually in arrears at a rate of 1.75% per annum on January 15 and July 15 of each year, beginning on July 15, 2022. Prior to October 15, 2026, the Notes will be convertible at the option of the...

PHILADELPHIA, Dec. 01, 2021 (GLOBE NEWSWIRE) — Context Therapeutics Inc. (Nasdaq: CNTX) (“Context Therapeutics” or the “Company”), a women’s oncology company developing small molecule and immunotherapy treatments to transform care for breast and gynecological cancers, today announced that it has entered into definitive securities purchase agreements for a private placement with accredited investors of 5,000,000 shares of common stock of Context Therapeutics together with warrants to purchase 5,000,000 shares of common stock (“Warrants”), which will result in gross proceeds to Context Therapeutics of approximately $31.25 million, before deducting placement offering expenses. Each share of common stock and accompanying Warrant are being sold together at a combined offering price of $6.25. The Warrants have...

Management Presentation on December 08, 2021, at 09:15 AM ET PRINCETON JUNCTION, N.J., Dec. 01, 2021 (GLOBE NEWSWIRE) — MISTRAS Group, Inc. (MG: NYSE) – a leading “one source” global provider of technology-enabled asset protection solutions used to maximize the uptime and safety of critical energy, industrial, and public infrastructure – announced today that Dennis Bertolotti, Chief Executive Officer, and Edward Prajzner, Chief Financial Officer, will be presenting at the Sidoti Virtual Microcap Conference, being held December 08 & 09, 2021. Management will also be hosting virtual one-on-one meetings throughout the conference. The Company’s presentation will begin at 09:15 AM ET on December 8, 2021. The presentation can be accessed via this link: https://sidoti.zoom.us/webinar/register/WN_qHA_Pv9DTDaSvp3omeHa6g. About MISTRAS...

MONTREAL, Dec. 01, 2021 (GLOBE NEWSWIRE) — NanoXplore Inc. (“NanoXplore” or the “Corporation”) (TSX: GRA and OTCQX: NNXPF) is issuing this press release to comment on recent trading activity of its stock. The Company announces that it is not aware of any material, undisclosed corporate developments and has no material change to report currently.   The Company is also unaware of any material undisclosed change related to the Company that would explain the recent movements in the price of its common shares. The Company will keep the market informed as required. About NanoXplore NanoXplore is a graphene company, a manufacturer and supplier of high-volume graphene powder for use in industrial markets. The Corporation provides standard and custom graphene-enhanced plastic and composite products to various customers in transportation,...

FALLS CHURCH, Va., Dec. 01, 2021 (GLOBE NEWSWIRE) — PAE Incorporated today announced the expiration of the “go-shop” period under the terms of the previously announced definitive agreement dated as of October 25, 2021 (the “Merger Agreement”) in which it agreed to be acquired by an affiliate of Amentum Government Services Holdings LLC (“Amentum”) in an all-cash transaction valued at approximately $1.9 billion, including the assumption of debt and certain fees (the “Merger”). The go-shop period expired at 12:01 a.m. on November 29, 2021. Pursuant to the Merger Agreement, at the direction of the company’s board of directors (the “Board”), representatives of Morgan Stanley & Co. LLC, the company’s financial advisor, contacted and sought to engage in discussions regarding alternative acquisition proposals with potentially interested...

Belships has entered into agreements for the sale of BELSTAR and BELNOR. The 58 000 dwt bulk carriers were built in 2009 and 2010, and are the oldest ships in Belships’ fleet. Delivery is expected to occur between December 2021 and January 2022 and Belships will realise a gain of approximately USD 5.1m in Q4 2021 and USD 5.9m in Q1 2022. Total net cash flow after delivery of the vessels will be approximately USD 24.5m after repayment of outstanding loans. Belships has entered into agreement for a period time charter contract for one of our vessels for a period of about 11-13 months at a gross rate of USD 25 000 per day. The contract is expected to commence within end December 2021. The contract coverage for 2022 stands at about 50 per cent at an average rate of USD 23 000 net per day per vessel meaning that the cash breakeven for remaining...

In a major new agreement, the master planned community of Centennial, which has already committed to include 18% affordable housing units, will now achieve a net zero carbon project status that exceeds California’s climate goals; and include new wildfire resilience measures to significantly enhance safety both in and outside the community. TEJON RANCH, Calif., Dec. 01, 2021 (GLOBE NEWSWIRE) — Tejon Ranch Co. (NYSE: TRC) and Climate Resolve, a Los Angeles-based nonprofit organization, today announced an unprecedented agreement regarding the Centennial at Tejon Ranch master planned community. The planned development of more than 19,300 homes and 10.1 million square feet of commercial and industrial space, which has received approvals from Los Angeles County, may now proceed to the next steps in the California development process. Centennial,...