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Month: May 2022

BW Offshore: Contract extension for Espoir Ivoirien

Contract extension for Espoir Ivoirien BW Offshore has received a one-year contract extension for the lease and operation of the FPSO Espoir Ivoirien. The firm period has been extended until end Q1 2023. The FPSO is operating on the Espoir field offshore the Ivory Coast for CNR International (Cote D’Ivoire) SARL. For further information, please contact:Ståle Andreassen, CFO, +65 97 27 86 47Anders S. Platou, Head of Corporate Finance & Strategy, +47 99 50 47 40 IR@bwoffshore.com or www.bwoffshore.com About BW Offshore:BW Offshore engineers innovative floating production solutions. The Company has a fleet of 12 FPSOs with potential and ambition to grow. By leveraging four decades of offshore operations and project execution, the Company creates tailored offshore energy solutions for evolving markets world-wide. BW Offshore has...

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Western Resources Corp. and Vantage Chance Limited Signs Amended and Restated Subscription Agreement

VANCOUVER, British Columbia, May 20, 2022 (GLOBE NEWSWIRE) — Western Resources Corp. (“Western” or the “Company”) (TSX: WRX) is pleased to announce that it has entered into an Amended and Restated Subscription Agreement (the “Amendment”) originally signed on February 16, 2022 with Vantage Chance Limited (“Vantage”), in which Vantage has committed to make a strategic equity investment of C$80,000,000 (the “Investment Transaction”) in Western Potash Holdings Corp. (“WPHC”), a wholly owned subsidiary of the Company.The Amendment includes, among others, the following two material changes:           1. Subject to satisfaction or waiver of all closing conditions, the Investment Transaction will close in two tranches:      a. on or before May 31, 2022, Vantage will purchase from WPHC and WPHC agrees to issue to Vantage 64,896,592...

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The Keg Royalties Income Fund Announces Trustee Election Results for its 2022 Unitholder Meeting

VANCOUVER, British Columbia, May 20, 2022 (GLOBE NEWSWIRE) — The Keg Royalties Income Fund (the “Fund”) (TSX: KEG.UN) is pleased to announce that all of the nominees listed in its information circular dated April 11, 2022 were elected as trustees of the Trust at its annual meeting of unitholders held on May 17, 2022 (the “Meeting”). The results of the voting for each nominee are as follows:Nominee Votes For Votes WithheldNo. % No. %Christopher Charles Woodward 7,658,871 91.20% 738,958 8.80%Tim Kerr 7,777,577 92.61% 620,252 7.39%In addition, the Fund reports that the appointment of KPMG LLP as the Fund’s auditors for the 2022 fiscal year was passed by a majority of the votes represented at the Meeting. About The Keg Royalties Income Fund The Fund is a limited purpose, open-ended trust established under the laws...

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The Flowr Corporation Announces Fourth Quarter and Full Year 2021 Results

Highlights:In 2021, the Company generated gross revenue of approximately $14.9 million and generated gross revenue of $4.3 million during the fourth quarter. During the year, the Company sold 6,627,052 grams of dried cannabis flower, an increase of 372% as compared to the prior year. The Company has expanded in format sizes beyond is signature 3.5 gram jars to include 7 gram and 14 gram bags. Flowr launched BC Dog Walkers in Ontario, British Columbia, and Alberta. The BC Dog Walkers highlight the Company’s ability to react to consumer demand and bring novel formats to market. Flowr exported its first shipment of medical cannabis from Kelowna, British Columbia to Israel in December 2021 valued at $825,000, which has opened up an import revenue channel for the Company. In 2021, the Company repaid approximately $15.6 million in overall...

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Robex: Kiniero Gold District Sabali South Discovery

Figure 1 Kiniero Gold District Prospectivity, Deposit Locations and Neighbouring Properties.Figure 2 Sabali South Plan Map with Drillholes, Downhole Grade Profiles (min. 0.3g/t Au, Pre-PFS Pit Shell), Section A-B Location and Locations of Selected Drillholes with Significant Intercepts (1-9).Figure 3 Section A-B, a NW-SE long section through the centre of the Sabali South deposit.QUÉBEC CITY, May 20, 2022 (GLOBE NEWSWIRE) — Robex Resources Inc. (“Robex“, “the Group” or “the Company“) (TSXV: RBX) is pleased to announce a discovery on the property in Guinea following the merger with Sycamore Mining. Following acquisition of the 326km² Kiniero Gold Project in January 2020 by Sycamore Mining, a Project-wide interpretation of the available data to generate and identify exploration target...

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CN Announces Appointment of New Board Chair and Election of Directors

MONTREAL, May 20, 2022 (GLOBE NEWSWIRE) — CN (TSX: CNR) (NYSE: CNI) announced that a new Chairperson and the director nominees listed in the management information circular dated April 5, 2022, were elected as directors of CN. The detailed results of the vote are available below. Shauneen Bruder was unanimously elected by the board of directors as board chair. Ms. Bruder was, until her retirement on October 31, 2019, the Executive Vice-President, Operations at the Royal Bank of Canada (RBC) where she was responsible for overseeing operations related to all personal and business clients in Canada. Ms. Bruder joined CN’s board in 2017. “I am honoured to become the Chair of the CN Board of Directors. I would like to thank Robert Pace for his leadership over many years and wish him the best as he retires from the Board. I am also pleased...

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UPDATE – O2Micro Announces Receipt of an Updated Preliminary Non-Binding Proposal to Acquire the Company

GEORGE TOWN, Grand Cayman, May 20, 2022 (GLOBE NEWSWIRE) — O2Micro International Limited (NASDAQ Global Select Market: OIIM) (“O2Micro” or the “Company”), a global leader in the design, development and marketing of high-performance integrated circuits and solutions, today announced that its board of directors (the “Board”) has received an updated preliminary non-binding proposal letter (the “Proposal Letter”), dated May 20, 2022, from FNOF Precious Honour Limited (“FNOF”), Mr. Sterling Du, the Chief Executive Officer and the Chairman of the Board, and Mr. Perry Kuo, the Chief Financial Officer and a director of the Company (collectively, the “Consortium”), to acquire all of the outstanding ordinary shares of the Company (including shares represented by American depositary shares (the “ADSs”), each representing 50 shares of the...

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Helium Evolution Files First Quarter 2022 Financial Results

Successful execution year to date ensures HEVI on track to start drilling in June CALGARY, Alberta, May 20, 2022 (GLOBE NEWSWIRE) — Helium Evolution Incorporated (TSXV:HEVI) (“HEVI” or the “Company“), a Canadian-based helium exploration and production company focused on developing assets in southern Saskatchewan, today announced the filing of our audited financial results for the three-month period ended March 31, 2022. For complete details of the consolidated financial statements and the associated management’s discussion and analysis (“MD&A”), please refer to the Company’s filing on SEDAR (www.sedar.com). HEVI Q1 2022 Highlights:  Three months ended March 31,Tabular amounts in thousands of Canadian Dollars, except share and per share amounts   2022     2021  Financial    Net loss $ (1,654)   $ (720)  Net...

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Irwin Naturals Completes Acquisition of Ketamine Health Centers

Household Brand Name Entry into Ketamine Assisted Therapy Space Gaining Momentum LOS ANGELES, May 20, 2022 (GLOBE NEWSWIRE) — Irwin Naturals Inc. (CSE: IWIN) (OTC: IWINF) (FRA: 97X) (“Irwin” or the “Company”) announced today that, further to its press release of April 18, 2022, the Company has completed the acquisition of KHC Capital Group, LLC. The Company entered into an acquisition agreement (the “Agreement”) dated April 17, 2022 with KHC Capital Group, LLC and related entities (“Ketamine Health Centers”), which owns a chain of five ketamine treatment clinics in Florida with an additional partnership contract with an affiliate clinic in Mexico. Irwin’s CEO, Klee Irwin, said, “Our roll-up strategy of clinics is highly accretive, enabling us to fuel rapid growth of revenues and profitability. With six clinics under our belt, a...

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Partners Value Investments Inc. Announces Q1 2022 Interim Results

TORONTO, May 20, 2022 (GLOBE NEWSWIRE) — Partners Value Investments Inc. (the “Company”, TSX: PVF.WT) announced today its financial results for the three months ended March 31, 2022. All amounts are stated in US dollars. The Company recorded Adjusted Earnings of $9.1 million for the three months ended March 31, 2022, compared to an Adjusted Loss of $2.4 million in the prior year quarter. Adjusted Earnings increased in the current quarter due to investment valuation gains of $16.7 million compared to $5.3 million in the prior year quarter, combined with lower foreign currency losses, and was partially offset by an increase in income tax expense. The Company generated net income of $31.4 million for the three months ended March 31, 2022 compared to $11.6 million in the prior year quarter. The increase in net income was primarily...

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