Month: December 2021

Maha Energy AB (publ) (“Maha” or the “Company”) is providing production guidance of 4,000 – 5,000 BOEPD for 2022, compared to the estimated volume of 7,000 BOEPD presented in the 5 year operational strategy in early March 20211. The preliminary guidance accounts for the impact of the previously published delay and recent reconfiguration of Tie-4 production well from a horizontal well to a vertical well and is subject to certain assumptions as detailed below, including a potential farm down of parts of Block 70 in Oman. The guidance is subject to final approval of the proposed 2022 Capital Plan by the Company Board, which is expected early in the first quarter, 2022. The Company is pleased to provide preliminary details of its 2022 Capital Plan and Production Guidance as follows (subject to Board approval): 2022 Capital Plan SummaryField Capital...

AS Pro Kapital Grupp (Pro Kapital) informs that on 31 December 2021 the term of office ends for two current Members of the Board – Paolo Michelozzi and Edoardo Preatoni. From 1 January 2022 Paolo Michelozzi is stepping down as the group’s CEO, but is estimated to remain with the group as its COO to focus on residential real estate developments. Paolo Michelozzi will not continue as a member of the Management Board of AS Pro Kapital Grupp, but is estimated to remain active in the Management Boards and Supervisory Councils of group subsidiaries. “We would like to thank Paolo for his services as the CEO and member of the Management Board of Pro Kapital being with the company for more than 20 years. Given that the company’s activities shall be concentrating mainly on development, we are glad that Paolo considers to accept to remain in...

WOBURN, Mass., Dec. 30, 2021 (GLOBE NEWSWIRE) — Biofrontera Inc. (Nasdaq: BFRI), a biopharmaceutical company specializing in the commercialization of dermatological products, announced that through the exercise of outstanding warrants the majority ownership of Biofrontera AG was diluted below 50%. Biofrontera AG’s shareholding in Biofrontera Inc. of 8,000,000 shares is unchanged, but now represents approximately 47% of the currently outstanding shares. As a result, Biofrontera Inc. is no longer considered a subsidiary of Biofrontera AG. Biofrontera Inc.’s common stock and warrants are traded on the Nasdaq Capital Market under the ticker symbols “BFRI” and “BFRIW,” respectively. Not affected by this will be Biofrontera AG’s position as Licensor for the license and supply agreement (LSA) with Biofrontera Inc, which provides the latter...

HRC WORLD PLC NASDAQ FIRST NORTH, COPENHAGENTICKER: HRCISIN: GB00BZ3CDY20 30 December 2021 HRC WORLD PLC REDUCES EQUITY STAKES IN ASSOCIATE COMPANIES The information communicated in this announcement is “inside information” for the purposes of article 7 of the Market Abuse Regulation 596/2014. The Board of Directors of HRC World Plc (the Company), a company that provides strategic restaurant management services for restaurant chains across Asia, is pleased to announce that it has today divested part of its shareholdings in each of the associate companies namely Havana Café Sdn Bhd, HMRC Sdn Bhd and HRC East Sdn Bhd for a total sum of MYR 8,191,775.00. The Company’s equity stake in each of these companies thereby reduces from between 40% and 45% to 19%. The funds raised from this divestment will be used to finance the working capital needs...

BEIJING, Dec. 30, 2021 (GLOBE NEWSWIRE) — Puhui Wealth Investment Management Co., Ltd. (Nasdaq: PHCF) (“Puhui” or the “Company”), a third-party wealth management service provider with a focus on wealth management services for high net worth individuals and corporate clients, today announced the completion of its 2021 annual general meeting of shareholders which was held on December 30, 2021 at the Company’s headquarters located at Rooms 801 and 802, 8th Floor, W1 Office Building, Oriental Commerce Tower, No.1 Chang An Street, Dong Cheng District, Beijing, PRC 100006. Shareholder voting outcomes from the annual general meeting resulted in the re-election of Mr. Zhe Ji, Mr. Jun Wang, Mr. Qingbin Meng and Mr. Zhi Su to Puhui’s Board of Directors. The appointment of Friedman LLP as the Company’s independent registered accounting firm...

TORONTO, Dec. 30, 2021 (GLOBE NEWSWIRE) — Osisko Mining Inc. (TSX:OSK) (the “Corporation” or “Osisko“) today announces that the Toronto Stock Exchange (the “TSX”) has approved the Corporation’s notice of intention to make a normal course issuer bid (the “NCIB Program”). Under the terms of the NCIB Program, Osisko may acquire up to 28,678,891 of its common shares (“Common Shares”) from time to time in accordance with the normal course issuer bid procedures of the TSX. The normal course issuer bid will be conducted through the facilities of the TSX or alternative trading systems, if eligible, and will conform to their regulations. Purchases under the normal course issuer bid will be made by means of open market transactions or such other means as a securities regulatory authority may permit, including pre-arranged...

MINNEAPOLIS, Dec. 30, 2021 (GLOBE NEWSWIRE) — Northern Technologies International Corporation (NASDAQ: NTIC) today announced that it expects to release its fiscal 2022 first quarter financial results on Thursday, January 6, 2022, before the market opens. A copy of the news release will be available on the Investor Relations section of NTIC’s webpage (www.ntic.com). In conjunction with NTIC’s release of its financial and operating results, investors, analysts and other interested parties are invited to participate in a conference call with management on Thursday, January 6, 2022, at 9:00 a.m. Eastern Time. Patrick Lynch, President and CEO, and Matt Wolsfeld, CFO, will review NTIC’s fiscal 2022 first quarter financial results and outlook, which will be followed by a question and answer session. Details for the conference call are...