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Year: 2021

Legacy Housing Corporation Reports Third Quarter 2021 Financial Results

BEDFORD, Texas, Nov. 09, 2021 (GLOBE NEWSWIRE) — Legacy Housing Corporation (NASDAQ: LEGH) today announced its financial results for the third quarter ended September 30, 2021.   Financial Highlights:Net revenue for the third quarter of 2021 was $56.5 million. This was a 29.1% or $12.7 million increase from the third quarter of 2020. Interest revenue from our consumer and mobile home park portfolios for the third quarter of 2021 was $7.3 million. This was a 12.9% or $0.8 million increase from the third quarter of 2020. Gross margin for the third quarter of 2021 was $14.9 million or 30.9% of product sales compared to $8.7 million or 23.9% of product sales from the third quarter of 2020. Income from operations during the third quarter of 2021 was $17.6 million compared to the $10.8 million recorded in the third quarter of 2020. Net...

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Osisko Declares Fourth Quarter 2021 Dividend

MONTREAL, Nov. 09, 2021 (GLOBE NEWSWIRE) — Osisko Gold Royalties Ltd (the “Company” or “Osisko”) (OR: TSX & NYSE) is pleased to announce a fourth quarter 2021 dividend of C$0.055 per common share. The dividend will be paid on January 14, 2022 to shareholders of record as of the close of business on December 31, 2021. This dividend is an “eligible dividend” as defined in the Income Tax Act (Canada). For shareholders residing in the United States, the U.S. dollar equivalent will be determined based on the daily rate published by the Bank of Canada on December 31, 2021. The Company also wishes to remind its shareholders that it has implemented a dividend reinvestment plan (the “Plan”). Shareholders who are residents of Canada and the United States may elect to participate in the Plan in connection with the dividend...

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Black Hills Corp. Kansas Gas Utility Reaches Settlement Agreement for Winter Storm Uri Cost Recovery Plan

WICHITA, Kan., Nov. 09, 2021 (GLOBE NEWSWIRE) — Black Hills Corp. (NYSE: BKH) today announced that its Kansas natural gas utility, Black Hills / Kansas Gas Utility Company, LLC, doing business as Black Hills Energy, reached a settlement agreement for its plan to recover costs incurred to serve 117,000 customers across 66 communities in Kansas during Winter Storm Uri last February. The agreement includes recovery over a five-year period of $87.9 million in incremental fuel costs incurred to serve extraordinary demand during Uri. The agreement also provides Black Hills a carrying cost associated with financing these fuel costs over the recovery period. “We are pleased to reach a constructive agreement for recovery of fuel costs we incurred to keep our customers warm and comfortable when they needed us the most,” said Linn Evans,...

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View CEO Message to Employees, Customers and Shareholders

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...

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Osisko Reports Strong Third Quarter 2021 Results

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...

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Maxim Power Corp. Announces 2021 Third Quarter Financial and Operating Results, and Reports Significant Earnings with $52 million of Adjusted EBITDA in the First Nine Months of 2021

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...

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Essential Energy Services Announces Appointment of a New Board Member

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...

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RCF Acquisition Corp. Announces Pricing of $200 Million Initial Public Offering

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...

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CloudMD Announces Results of the Annual General & Special Meeting

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...

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View, Inc. Provides Update on Audit Committee Independent Investigation and 2021 Revenue Guidance

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...

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