Month: January 2022

On September 30, 2021 Infant Bacterial Therapeutics (IBT) announced that the company had reached a key milestone in the development of IBP-9414, after having recruited 600 premature infants to The Connection Study. The DMC has completed its pre-scheduled safety analysis without any concerns. At the same time a futility analysis was performed. Based on DMC recommendations and futility outcome, IBT is continuing the recruitment to the study as planned. The phase III study, which started July 2019, is open for recruitment of prematurely born infants between 500g and 1,000g across the US, Bulgaria, France, Hungary, Israel, Poland, Romania, Serbia, Spain, and the UK. “With more than 750 patients recruited to date, we are pleased to receive this favorable outcome. It is also reassuring that the futility analysis demonstrates statistical support...

CALGARY, Alberta, Jan. 19, 2022 (GLOBE NEWSWIRE) —  Titanium Corporation Inc. (the “Company” or “Titanium”) (TSX-V: TIC) announces that it has granted an aggregate of: (i) 4,500,000 stock options (“Options“) to certain executive officers and directors of the Company in accordance with the Company’s shareholder approved stock option plan. The stock options are exercisable at a price equal to $0.46, the closing price of the Company’s common shares on the date the Options were granted. The stock options expire in five years and become fully vested on the earlier of: (1) execution of a commercial agreement with an oilsands producer to build a first plant; (2) if the common shares of the Company trade above $1.25 for each trading day of a 90 day period; and (3) the acquisition of 50% or...

Preliminary results for the Kvika banki hf. („Kvika“ or „the bank“) group for the fourth quarter of 2021 are now available and indicate that net earnings before tax for the quarter will amount to ISK 2.6 – 2.7 billion (ISK 10.45 – 10.55 billion for the year 2021), which corresponds to 25.3% – 26.3% annual return on weighted tangible equity (34.5% – 34.9% for the year 2021). The results are higher than estimated for the group for the quarter, as the earnings forecast for the year was last updated on 10 November 2021 and amounted to ISK 9.8 – 10.3 billion in profit before tax. The group performed well during the quarter and its core operations were solid. Net interest income and insurance operations were considerably above expectations and, in addition to that, net investment income was good. TM’s combined ratio is estimated...

TORONTO, Jan. 19, 2022 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to report consolidated production for the full year of 2021 was 34% higher than in 2020 and Q4 2021 was 29% higher than in Q4 2020. Production guidance for 2021 was achieved. Full year production was 154,410 gold equivalent ounces(1)(“GEOs”) consisting of 118,500 gold ounces and 2,572,000 silver ounces. In Q4, production was 40,150 GEOs consisting of 31,300 gold ounces and 682,700 silver ounces. Consolidated Production Summary  Q4 Full Year 2021Guidance2020 2021 2020 2021Gold (oz) 24,100 31,300 92,100 118,500 110,500-127,900Silver (oz) 532,400 682,700 2,020,000 2,572,000 2,300,000-2,450,000GEOs(1) 31,100 40,150 115,600 154,410 141,000-160,400In Q4 2021, our attributable production from San José(2) was 682,700 silver...

TORONTO, Jan. 19, 2022 (GLOBE NEWSWIRE) — Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) announces it has granted an aggregate of 2.35 million restricted share units (the “RSUs”) to its senior officers and key consultants, pursuant to the Company’s RSU plan (the “Plan”). The Plan aims to compensate and reward its key officers and consultants for working towards the Company’s long-term objectives and in alignment with the shareholders’ best interests. All of the RSUs granted cannot be settled until December 31, 2025 (the “Redemption Date”) and are subject to the following performance related vesting milestones in connection with the advancement of the Company’s Iska Iska silver-tin polymetallic project:one-third to vest on the date of filing of a National Instrument 43-101 (“NI 43-101”)...

PEWAUKEE, Wis., Jan. 19, 2022 (GLOBE NEWSWIRE) — Westbury Bancorp, Inc. (OTCPink: WBBW), the holding company (the “Company”) for Westbury Bank (the “Bank”), today announced net income of $2.2 million, or $0.88 per common share for the three months ended December 31, 2021 compared to net income of $2.7 million, or $1.06 per common share for the three months ended December 31, 2020. About Westbury Bancorp, Inc. Westbury Bancorp, Inc. is the holding company for Westbury Bank. The Company’s common shares are traded on OTCQX under the symbol “WBBW”. Detailed quarterly financial statements for the Company may be found at www.otcmarkets.com/stock/WBBW/disclosure.  Westbury Bank is an independent community bank primarily serving communities in Washington and Waukesha Counties through its eight full service offices providing deposit...

CENTREVILLE, Va., Jan. 19, 2022 (GLOBE NEWSWIRE) — In December 2021, Parsons Corporation (NYSE: PSN) was awarded an $11 million sole-source contract to plan, standup, and demonstrate a prototype ground operations center (GOC) in support of Defense Advanced Research Project Agency’s (DARPA) Blackjack flight demonstration activities. The new contract represents Parsons continued commitment to delivering innovative solutions for customers across the space domain and is a follow-on to a phase II small business innovation research (SBIR) contract won by Braxton Technologies, LLC prior to Parsons’ 2020 acquisition of the software company. “We are excited to bring Parsons’ space expertise to DARPA and the Blackjack program through this advanced ground operations prototype,” said Ed Baron, senior vice president of Parsons’ space mission...

CALGARY, Alberta, Jan. 19, 2022 (GLOBE NEWSWIRE) — Prairie Provident Resources Inc. (“Prairie Provident”, “PPR” or the “Company”) is pleased to announce the results of our independent 2021 year-end reserves evaluation conducted by Sproule Associates Limited (“Sproule”) with an effective date of December 31, 2021 (the “Sproule Report”).   MESSAGE TO SHAREHOLDERS Tony Berthelet, President & Chief Executive Officer commented: “The 2021 year-end updated reserves evaluation confirms the underlying value of PPR’s assets. With a 13-year reserve life index on a 1P basis, the assets have the potential to deliver meaningful long-term shareholder value. Recognition of Improved Recovery in the Evi and Michichi assets underscores the execution of the Company’s waterflood development strategy, and while we are in the early stages of waterflood...

HOFFMAN ESTATES, Ill., Jan. 19, 2022 (GLOBE NEWSWIRE) —  CDK Global, Inc. (Nasdaq: CDK), a leading retail automotive technology company, is scheduled to release its financial results for the fiscal second quarter ended December 31, 2021 after the closing of the Nasdaq market on Thursday, February 3, 2022.   CDK will also be hosting a conference call at 4:00 p.m. CT on February 3, 2022 to discuss the results for the period. Brian Krzanich, chief executive officer, Joe Tautges, chief operating officer, Eric Guerin, chief financial officer, Mahesh Shah, chief product and technology product officer and Reuben Gallegos, vice president of investor relations, will be participating on the call. Investors and interested participants are invited to listen to the conference call via live webcast, which can be accessed through the CDK Investor...