Dundee Corporation Transformation Shows Progress and Generates Profit in First Quarter of 2022

Written by Customer Service on May 11, 2022. Posted in Earnings Releases And Operating Results.

TORONTO, May 11, 2022 (GLOBE NEWSWIRE) — Dundee Corporation (TSX: DC.A) (the “Corporation” or “Dundee”) today announced its financial results for the three months ended March 31, 2022. All currency amounts in this press release are in Canadian dollars except as otherwise indicated. FIRST QUARTER 2022 RESULTS Reported net income from investments of $46.6 million (2021 – loss of $10.9 million). Reported net earnings attributable to owners of the Corporation of $31.1 million (2021 – loss of $19.7 million), or earnings of $0.34 per share before the effect of any dilutive securities (2021 – loss of $0.23 per share). Including the effect of dilutive securities, the Corporation reported earnings of $0.33 per share for the current year. Reduced total corporate G&A costs by 9% compared to the first quarter of 2021, excluding the...

Razor Energy Corp. Announces Closing of Oversubscribed Flow-Through Rights Offering

Written by Customer Service on May 11, 2022. Posted in Public Companies.

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW. CALGARY, Alberta, May 11, 2022 (GLOBE NEWSWIRE) — Razor Energy Corp. (“Razor”) (TSXV: RZE) in conjunction with FutEra Power Corp. (“FutEra”), a wholly owned subsidiary of Razor, is pleased to announce that it has completed its previously announced rights offering to eligible holders of Razor’s common shares (the “Common Shares”) of record at the close of business on April 7, 2022. The Rights Offering expired on May 6, 2022, with the rights trading on the TSX Venture Exchange (the “TSXV”) under the symbol “RZE.RT” being de-listed on that date. The Rights Offering received support from Razor’s shareholders with exercise of 67% of the rights available...

Mercer International Inc. to Attend Upcoming Barclays Leveraged Finance Conference

Written by Customer Service on May 11, 2022. Posted in Public Companies.

NEW YORK, May 11, 2022 (GLOBE NEWSWIRE) — Mercer International Inc. (Nasdaq: MERC) today announced that David K. Ure, Senior VP Finance, CFO & Secretary, will be attending the following upcoming conference: Barclays Leveraged Finance ConferenceOmni Barton Creek8212 Barton Creek Drive, Austin, TX 78735Tuesday, May 24, 2022 A copy of the presentation will be posted in the “Investors – News Releases & Presentations” section on the Company’s web site (https://mercerint.com/investors/news-releases-presentations/) on the morning of the event. At Mercer International Inc., we are exceptional people creating bioproducts for a more sustainable world. We are a diversified global producer of forest products, bioproducts, and green electricity with operations in Germany, Canada, the United States, and Australia with a consolidated...

POET Technologies Reports First Quarter 2022 Financial Results

Written by Customer Service on May 11, 2022. Posted in Earnings Releases And Operating Results.

TORONTO, May 11, 2022 (GLOBE NEWSWIRE) — POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™ and Photonic Integrated Circuits (PICs) for the data center and tele-communication markets, today reported its unaudited condensed consolidated financial results for the first quarter ended March 31, 2022. The Company’s financial results as well as the Management Discussion and Analysis have been filed on SEDAR. All financial figures are in United States dollars (“USD”) unless otherwise indicated. First Quarter Financial (non-IFRS) and Recent Business Highlights: The Company achieved the following significant milestones during the three months ended March 31, 2022: Named to the 2022 OTCQX® Best 50, a ranking of top performing companies traded on...

Crown Point Announces Operating and Financial Results for the Three Months Ended March 31, 2022

Written by Customer Service on May 11, 2022. Posted in Earnings Releases And Operating Results.

CALGARY, Alberta, May 11, 2022 (GLOBE NEWSWIRE) — TSX-V: CWV: Crown Point Energy Inc. (“Crown Point”, the “Company” or “we“) today announced its operating and financial results for the three months ended March 31, 2022. Copies of the Company’s March 31, 2022 unaudited condensed interim consolidated financial statements and management’s discussion and analysis (“MD&A”) filings are being filed with Canadian securities regulatory authorities and will be made available under the Company’s profile at www.sedar.com and on the Company’s website at www.crownpointenergy.com. All dollar figures are expressed in United States dollars (“USD”) unless otherwise stated. References to “ARS” are to Argentina Pesos. In the following discussion, the three months ended March 31, 2022 may be referred to as “Q1...

Questerre reports first quarter 2022 results

Written by Customer Service on May 11, 2022. Posted in Earnings Releases And Operating Results.

THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS CALGARY, Alberta, May 11, 2022 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today on its financial and operating results for the quarter ended March 31, 2022. Michael Binnion, President and Chief Executive Officer of Questerre, commented, “Though it has not yet come into force, the National Assembly in Quebec passed Bill 21 banning oil and gas development in the province last month. We are still keen to work with the people of Quebec who have shown support for our Clean Gas project. The Government’s decision left us no choice but to take legal action to protect the rights of our shareholders. We have filed a statement of claim...

STEP Energy Services Ltd. Reports First Quarter 2022 Results

Written by Customer Service on May 11, 2022. Posted in Earnings Releases And Operating Results.

CALGARY, Alberta, May 11, 2022 (GLOBE NEWSWIRE) — STEP Energy Services Ltd. (the “Company” or “STEP”) is pleased to announce its financial and operating results for the three months ended March 31, 2022. The following press release should be read in conjunction with the management’s discussion and analysis (“MD&A”) and unaudited condensed consolidated interim financial statements and notes thereto as at and for the three months ended March 31, 2022 (the “Financial Statements”). Readers should also refer to the “Forward-looking information & statements” legal advisory and the section regarding “Non-IFRS Measures and Ratios” at the end of this press release. All financial amounts and measures are expressed in Canadian dollars unless otherwise indicated. Additional information about STEP is available on the SEDAR website...

Mount Logan Capital Inc. Reports March 2022 Interim Results; Declares Shareholder Distribution

Written by Customer Service on May 11, 2022. Posted in Earnings Releases And Operating Results.

TORONTO, May 11, 2022 (GLOBE NEWSWIRE) — Mount Logan Capital Inc. (NEO: MLC) (“Mount Logan,” “our,” “we,” or the “Company”) announces its financial results for the quarter ended March 31, 2022. All amounts are stated in United States dollars, unless otherwise indicated. First quarter highlights: Total revenue for the three months ended March 31, 2022 was $2.6 million in the asset management segment, an increase from $1.7 million or 57% for the three months ended March 31, 2021. Total revenue for the three months ended March 31, 2022 was $(12.0) million in the insurance segment, primarily driven by mark-to-market movement as a result of increases in market interest rates offset by the projected timing of reinvestment of cash flows. Shareholders’ equity as at March 31, 2022 of $68.6 million. Basic earnings per share for the...

Petrus Resources Announces Strong First Quarter 2022 Financial & Operating Results

Written by Customer Service on May 11, 2022. Posted in Earnings Releases And Operating Results.

CALGARY, Alberta, May 11, 2022 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to report financial and operating results as at and for the three months ended March 31, 2022. Q1 2022 HIGHLIGHTS: Production up 25% – Production was up 25% quarter over quarter from 5,880 boe/d in the fourth quarter of 2021 to 7,379 boe/d in the first quarter of 2022 primarily due to the new wells drilled in late 2021. The acquisition (as discussed below) contributed only 90 boe/d to the quarterly average as it closed on March 14, 2022. Funds flow increased 137% – Generated funds flow of $16.6 million ($0.17 per share) for the first three months of 2022, 137% higher than funds flow of $7.0 million in the first quarter of 2021. Operating netback(1) up 75% – Operating netback increased by 75% to $33.78/boe...

Torex Gold Reports First Quarter Financial Results

Written by Customer Service on May 11, 2022. Posted in Earnings Releases And Operating Results.

Solid Start to 2022 and Tracking Well to Full Year Guidance (All amounts expressed in U.S. Dollars unless otherwise stated) TORONTO, May 11, 2022 (GLOBE NEWSWIRE) — Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX: TXG) reports the Company’s financial and operational results for the three months ended March 31, 2022. The Company will host a conference call tomorrow morning at 9:00 AM (ET) to discuss the quarterly results. Jody Kuzenko, President & CEO of Torex, stated: “Torex had a solid start to 2022. Reliable production, combined with the stronger gold price and disciplined cost management, resulted in robust revenue and EBITDA generation. With 112,446 ounces of gold produced in the quarter, and quarterly production expected to be higher throughout the remainder of the year, the Company is well positioned to deliver...

Day: May 11, 2022

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