Month: May 2022

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...

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...

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...

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...

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...

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...

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...

Company to Host Conference Call at 8:30 AM ET on Thursday, May 12, 2022 BIRMINGHAM, Mich., May 11, 2022 (GLOBE NEWSWIRE) — Conifer Holdings, Inc. (Nasdaq: CNFR) (“Conifer” or the “Company”) today announced results for the first quarter ended March 31, 2022. First Quarter 2022 Financial Highlights (compared to the prior year period)Gross written premium increased 8.5% to $33.0 million Commercial Lines gross written premium increased 5.0% to $28.6 million Personal Lines gross written premium increased 38.9% to $4.4 million Net earned premium increased 4.9% to 24.0 million Expense ratio decreased to 37.5%, down 710 basis points from Q1 2021 Book value per share of $3.13 as of March 31, 2022James Petcoff, Executive Chairman and Co-CEO, commented, “While we are very encouraged by the  strong and sustainable top line growth experienced...

CALGARY, Alberta, May 11, 2022 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (“Peyto” or the “Company”) is pleased to present its operating and financial results for the first quarter of the 2022 fiscal year. A 71% Operating Margin1,2 and a 34% Profit Margin3 in the quarter delivered an 9% Return on Capital4 and a 13% Return on Equity5, on a trailing twelve-month basis. Highlights for the quarter included:Funds from operations6 per share up 69%. Funds from Operations (“FFO”) were a Company record $203 million after hedging losses of $53 million in the quarter. Per diluted share FFO were $1.17, up 65% from $0.71 in Q1 2021. FFO in the quarter exceeded capital expenditures and acquisitions, leaving $38 million for dividends and debt reduction.Production per share up 13%. First quarter 2022 production of 101,549...