Day: March 16, 2022

SUMR Brands Reports 2021 Fourth Quarter Results

Written by Customer Service on March 16, 2022. Posted in Earnings Releases And Operating Results.

Transaction with Kids2 Approved by Company’s Board of Directors;Closing Expected Second Quarter WOONSOCKET, R.I., March 16, 2022 (GLOBE NEWSWIRE) — SUMR Brands (“SUMR Brands” or the “Company”) (NASDAQ: SUMR), a global leader in premium infant and juvenile products, today announced financial results for the fiscal fourth quarter ended January 1, 2022. Recent HighlightsThe Company announced today that it had reached a definitive merger agreement with Kids2, Inc. (“Kids2”) pursuant to which Kids2 will acquire, subject to satisfaction of certain conditions, all issued and outstanding common stock of SUMR for $12.00 cash per share; the transaction has been unanimously approved by the Company’s Board of Directors Net sales were $35.3 million in the fourth quarter versus $36.0 million in the prior-year period,...

Ring Energy Announces Fourth Quarter and Full Year 2021 Results, Year-End 2021 Proved Reserves and Provides 2022 Guidance

Written by Customer Service on March 16, 2022. Posted in Earnings Releases And Operating Results.

~ Continuing to Generate Free Cash Flow, Reduce Debt and Increase Liquidity ~ ~ 2022 Capital Budget of $120 Million to $140 Million Supports Previously Announced Continuous Drilling Program ~ THE WOODLANDS, Texas, March 16, 2022 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today reported operational and financial results for the fourth quarter and full year 2021, including Ring’s year-end 2021 proved reserves. In addition, the Company provided first quarter and full year 2022 guidance and an update on its 2022 drilling program. Highlights and Recent Key ItemsGrew fourth quarter 2021 sales volumes 11% to 9,153 barrels of oil equivalent per day (“Boe/d”) (85% oil) compared to the third quarter of 2021, with full year 2021 sales volumes of 8,519 Boe/d (86% oil); Reported net income of $24.1...

Kids2, Inc. to Acquire SUMR Brands

Written by Customer Service on March 16, 2022. Posted in Mergers And Acquisitions.

WOONSOCKET, R.I., March 16, 2022 (GLOBE NEWSWIRE) — Summer Infant, Inc., doing business as SUMR Brands (“SUMR Brands” or the “Company”) (NASDAQ: SUMR), a leader in premium infant and juvenile products, today announced that it and Kids2, Inc. (“Kids2”), a global company that designs solutions to help early-stage parents and families, have entered into a definitive merger agreement pursuant to which Kids2 will acquire all of the issued and outstanding common stock of the Company for cash. Under the terms of the agreement, the Company’s stockholders will receive $12.00 in cash for each share of Company common stock that they own, implying a 41.2% premium to the closing price of the Company’s common stock on March 15, 2022. The transaction has been unanimously approved by the Company’s Board of Directors, and...

Global Crossing Provides Details of March Management Webinar and Discussion of Fiscal 2021 Results

Written by Customer Service on March 16, 2022. Posted in Public Companies.

MIAMI, March 16, 2022 (GLOBE NEWSWIRE) — Global Crossing Airlines Group Inc. (JET: NEO; JET.B: NEO; JETMF: OTCQB) (the “Company” or “GlobalX”) is pleased to announce that it will be hosting a Zoom webinar to provide a business update and discuss fiscal 2021 results. When: Thursday, March 31, 2022, 02:00 PM Eastern Time (US and Canada) Topic: Global Crossing Corporate Update Register in advance for this webinar: https://bit.ly/3u5zx8n After registering, you will receive a confirmation email containing information about joining the webinar. About Global Crossing Airlines GlobalX is a US 121 domestic flag and supplemental airline flying the Airbus A320 family aircraft. GlobalX flies as an ACMI and charter airline serving the US, Caribbean, and Latin American markets. For more information, please visit www.globalxair.com. For more...

Ashland increases prices up to 15 percent due to inflation-related costs

Written by Customer Service on March 16, 2022. Posted in Public Companies.

WILMINGTON, Del., March 16, 2022 (GLOBE NEWSWIRE) — Effective April 1, 2022, Ashland Global Holdings Inc. (NYSE: ASH) will increase prices up to 15 percent or as contracts allow, to cover general inflation related to raw materials, energy, freight, and labor. The price increase includes all Ashland products across all the markets and applications the company serves including life sciences, personal care, specialty additives and intermediates. About Ashland Ashland Global Holdings Inc. (NYSE: ASH) is a focused additives and specialty ingredients company with a conscious and proactive mindset for sustainability. The company serves customers in a wide range of consumer and industrial markets, including architectural coatings, automotive, construction, energy, food and beverage, nutraceuticals, personal care and pharmaceutical. Approximately...

Alamos Gold Announces Significant Permitting Milestone at Island Gold with Filing of Closure Plan Amendment

Written by Customer Service on March 16, 2022. Posted in Public Companies.

All amounts are in United States dollars, unless otherwise stated. TORONTO, March 16, 2022 (GLOBE NEWSWIRE) — Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today announced the Closure Plan Amendment for the Island Gold Mine has been filed by the Ontario Government. This represents a significant milestone for the operation, allowing for ramp up of construction activities on the Phase III expansion, including the pre-sink of the shaft which is expected to begin mid-2022. As outlined in the Phase III expansion study released in July 2020, the expansion is expected to drive production approximately 70% higher to average 236,000 ounces of gold per year at industry low mine-site all-in sustaining costs of $534 per ounce once completed in 2025. Since the completion of the study, Mineral Reserves and Resources have increased...

Titanium Corporation Announces Effective Date of Name Change to CVW CleanTech, New Ticker Symbol CVW

Written by Customer Service on March 16, 2022. Posted in Public Companies.

CALGARY, Alberta, March 16, 2022 (GLOBE NEWSWIRE) — Titanium Corporation Inc. (the “Company” or “Titanium”) (TSX-V: TIC) is pleased to announce that further to its news release dated March 9, 2022, its corporate name change is expected to become effective on March 21, 2022. It is anticipated that the common shares of CVW CleanTech Inc. will commence trading on the TSX Venture Exchange under the new ticker symbol “TSX-V: CVW” on or about March 21, 2022. CVW CleanTech Executive Chair Darren Morcombe said, “Our new name, CVW CleanTech Inc., more accurately reflects our role as a clean technology company focused on helping the oil sands industry achieve their goal of reducing methane and CO2 emissions, while recovering zircon, ilmenite and rare earths, along with bitumen, solvent and water through the commercial...

CareTrust REIT Announces Appointment of New Director

Written by Customer Service on March 16, 2022. Posted in Public Companies.

SAN CLEMENTE, Calif., March 16, 2022 (GLOBE NEWSWIRE) — The Board of Directors of CareTrust REIT, Inc. (Nasdaq:CTRE) today announced that Allen C. Barbieri has retired as a member of its Board of Directors after six years of service, effective March 10, 2022. The Board also announced the appointment of Careina D. Williams to succeed Mr. Barbieri, effective immediately. “We are grateful to Allen for his contributions in shepherding CareTrust from our early days to where we are today,” said Greg Stapley, CareTrust’s Executive Chairman. Mr. Barbieri served as chairman of both the Nominating & Corporate Governance Committee and the Board’s Sustainability & Corporate Responsibility Committee, and as a member of the Audit and Compensation Committees. “Allen has been a workhorse as we have climbed a sometimes-steep learning...

New York REIT Liquidating LLC Announces Results for the Quarter and Year Ended December 31, 2021 and Declaration of Distribution of $0.19 Per Unit

Written by Customer Service on March 16, 2022. Posted in Earnings Releases And Operating Results.

NEW YORK, March 16, 2022 (GLOBE NEWSWIRE) — New York REIT Liquidating LLC (the “Company” or the “LLC”), which was formed to complete the liquidation of the assets previously held by New York REIT, Inc., announced today it has filed its Annual Report on Form 10-K for the year ended December 31, 2021. Distributions On March 14, 2022, the Company declared a cash liquidating distribution of $0.19 per unit to be paid on March 28, 2022 to unitholders of record as of March 21, 2022. Future liquidating distributions will depend on, among other things, the timing and amount of cash flow distributions from our interest in Worldwide Plaza. There can be no assurance that future distributions will be similar to the current distribution. On November 17, 2021, the Company paid a cash liquidating distribution of $0.19 per unit to unitholders...

Birchcliff Energy Ltd. Announces the Filing of its Audited Financial Statements and Other Disclosure Documents for the Year Ended December 31, 2021

Written by Customer Service on March 16, 2022. Posted in Earnings Releases And Operating Results.

CALGARY, Alberta, March 16, 2022 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff” or the “Corporation”) (TSX: BIR) is pleased to announce that it has filed its annual audited financial statements (the “Financial Statements”) and related management’s discussion and analysis and its annual information form (the “AIF”) for the financial year ended December 31, 2021 (collectively, the “Annual Filings”) on the System for Electronic Document Analysis and Retrieval (“SEDAR”). The Financial Statements are consistent with the unaudited financial results disclosed in the press release issued by Birchcliff on February 9, 2022. The AIF includes the disclosure and reports relating to reserves data and other oil and gas information required pursuant to National Instrument 51-101 – Standards of Disclosure for Oil and Gas Activities. The...

Day: March 16, 2022

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