Alpha Copper Corp. Enters into Letter of Intent to Acquire CAVU Energy Metals Corp. in All-Stock Transaction

Written by Customer Service on August 19, 2022. Posted in Mergers And Acquisitions.

VANCOUVER, British Columbia, Aug. 19, 2022 (GLOBE NEWSWIRE) — Alpha Copper Corp. (CSE: ALCU) (OTC: ALCUF) (FSE: PP0) (“Alpha”) and CAVU Energy Metals Corp. (CSE: CAVU) (OTC: CAVVF) (FSE: 5EO) (“CAVU”) are pleased to announce a non-binding Letter of Intent dated August 18, 2022 (“LOI”) pursuant to which Alpha will acquire all of the issued and outstanding shares of CAVU (the “Proposed Transaction”). The Proposed Transaction is an arm’s length transaction, and provides CAVU shareholders with a premium of 60% based on each company’s respective 20-day volume-weighted average price (“VWAP”). After the Proposed Transaction, the combined entity of Alpha and CAVU will become a premier copper exploration company with an expanded portfolio of prospective base and precious metals assets in BC and the Yukon. Highlights of the Transaction and...

Lowell Farms Inc. Announces Closing of $4.2 Million Convertible Debenture Financing

Written by Customer Service on August 19, 2022. Posted in Public Companies.

SALINAS, Calif., Aug. 19, 2022 (GLOBE NEWSWIRE) — Lowell Farms Inc. (the “Company”) (CSE: LOWL; OTCQX: LOWLF), a California-born innovator in cannabis cultivation and maker of the legendary brand Lowell Smokes, along with its subsidiary, Indus Holding Company (“Subco“), has issued an aggregate of $4.2 million of senior secured convertible debentures (“2022 Convertible Debentures“) of Subco, which are convertible, as more fully described below, into an aggregate of 18.2 million subordinate voting shares of the Company (“Subordinate Voting Shares“) with respect to principal and additional Subordinate Voting Shares upon conversion of accrued and unpaid interest. Investors in the 2022 Convertible Debentures received warrants of the Company (“2022 Warrants“) to purchase an aggregate of...

CPI Aerostructures Reports Fourth Quarter and Full Year 2021 Results

Written by Customer Service on August 19, 2022. Posted in Earnings Releases And Operating Results.

Fourth Quarter 2021 vs. Fourth Quarter 2020 (Re-stated) Revenue of $26.4 million compared to $25.4 million; Gross profit of $2.8 million compared to $3.6 million; Gross margin of 10.8% compared to 14.1%; Net loss of $(0.5) million compared to net income of $0.2 million; Loss per diluted share of $(0.04) compared to earnings per diluted share of $0.02; Cash flow from operations of $4.1 million compared to $1.7 million. Full Year 2021 vs. Full Year 2020 (Re-stated) Revenue of $103.4 million compared to $87.6 million; Gross profit of $15.0 million compared to $9.8 million; Gross margin of 14.5% compared to 11.1%; Net income of $6.8 million ($2.0 million excluding $4.8 million in PPP loan forgiveness) compared to net loss of $(3.7) million; Earnings per diluted share of $0.56 ($0.17 excluding $0.39 in PPP loan forgiveness) compared to loss...

ZW Data Action Technologies Reports Second Quarter and First Half 2022 Unaudited Financial Results

Written by Customer Service on August 19, 2022. Posted in Earnings Releases And Operating Results.

BEIJING, Aug. 19, 2022 (GLOBE NEWSWIRE) — ZW Data Action Technologies Inc. (Nasdaq: CNET) (the “Company”), an integrated online advertising, precision marketing, data analytics and other value-added services provider serving enterprise clients, today announced its unaudited financial results for the three and six months ended June 30, 2022. Second Quarter 2022 Financial Results Revenues For the second quarter of 2022, revenues decreased by $7.61 million, or 52.3%, to $6.95 million from $14.55 million for the same period last year. The decrease in revenues was primarily attributable to the decrease in revenues from our Internet advertising and related services business segment, as a result of the repeated regional COVID-19 rebound in many provinces in China during the first half of fiscal 2022, which affected business...

Advanced Emissions Solutions Announces Merger with Arq Limited

Written by Customer Service on August 19, 2022. Posted in Mergers And Acquisitions.

Merger expected to provide access to growth opportunities in adjacent markets, create sustainable competitive advantages, and enhance the profitability of ADES’ product portfolio Combined entity projected to generate $196 million of annual Revenue and $61 million in annual EBITDA by 2026 GREENWOOD VILLAGE, Colo., Aug. 19, 2022 (GLOBE NEWSWIRE) — Advanced Emissions Solutions, Inc. (NASDAQ: ADES) (the “Company” or “ADES”), a leader in emissions control solutions for coal-fired power generation, industrial and municipal water purification markets, today announced that it has entered into a definitive merger agreement with Arq Limited (“Arq”), pursuant to which Arq and ADES will combine their respective businesses. ADES shareholders may elect to receive up to an aggregate of $10.0 million of cash proceeds in...

ValOre Announces CAD$2.5 Million Financing

Written by Customer Service on August 19, 2022. Posted in Public Companies.

Not for distribution to United States newswire services or for dissemination in the United States VANCOUVER, British Columbia, Aug. 19, 2022 (GLOBE NEWSWIRE) — ValOre Metals Corp. (“ValOre”, or the “Company”) (TSX-V: VO, OTC: KVLQF, Frankfurt: KEQ) today announced the intent to complete a non-brokered private placement financing (the “Offering) of up to 6,250,000 units (the “Units“) at a price of CDN$0.40 per Unit (the “Offering Price”) for gross proceeds of up to CDN$2,500,000. Each Unit will consist of one common share (a “Share”) in the capital of ValOre and one-half of one non-transferable common share purchase warrant (each whole common share purchase warrant being a “Warrant”). Each Warrant will be exercisable to acquire one Share at a price of CDN$0.60 per Share for a period of 24 months from the date of issuance. ValOre...

Acceleware Ltd. Reports Second Quarter 2022 Financial and Operating Results

Written by Customer Service on August 19, 2022. Posted in Earnings Releases And Operating Results.

CALGARY, Alberta, Aug. 19, 2022 (GLOBE NEWSWIRE) — Acceleware® Ltd. (“Acceleware” or the “Company”) (TSX-V: AXE), a leading developer of technologies targeting low-cost and clean extraction of heavy oil and bitumen, today announced its financial and operating results for the three and six months ended June 30, 2022 (all figures are in Canadian dollars unless otherwise noted). Acceleware’s quarter end results reflect contributions from the Company’s two business units, comprised of radio frequency heating technology (“RF Heating”), which supports a cost-effective and environmentally friendly alternative to steam assisted gravity drainage (“SAGD”) for the extraction of heavy oil and bitumen through its proprietary RF XL heating technology, along with high-performance scientific computing applications (“HPC”). This news release should...

United Fire Group, Inc. Declares a Common Stock Quarterly Cash Dividend of $0.16 per Share

Written by Customer Service on August 19, 2022. Posted in Dividend Reports And Estimates.

CEDAR RAPIDS, Iowa, Aug. 19, 2022 (GLOBE NEWSWIRE) — Today, the Board of Directors of United Fire Group, Inc. (Nasdaq: UFCS) (“UFG”) declared a common stock quarterly cash dividend of $0.16 per share. This dividend will be payable September 16, 2022 to shareholders of record as of September 2, 2022. UFG has a long history of paying quarterly dividends, with the quarterly cash dividend declared today marking the 218th consecutive quarterly dividend paid, dating back to March 1968. About UFG Founded in 1946 as United Fire & Casualty Company, UFG, through its insurance company subsidiaries, is engaged in the business of writing property and casualty insurance. Through our subsidiaries, we are licensed as a property and casualty insurer in 50 states, plus the District of Columbia, and we are represented by approximately...

Nuwellis, Inc. Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)

Written by Customer Service on August 19, 2022. Posted in Public Companies.

MINNEAPOLIS, Aug. 19, 2022 (GLOBE NEWSWIRE) — Nuwellis, Inc. (NASDAQ: NUWE), today announced that, effective August 18, 2022, the independent directors approved equity awards under Nuwellis’ 2021 Inducement Plan, as material inducements to six individuals entering into employment with the company. The equity awards were approved in accordance with NASDAQ Listing Rule 5635(c)(4), which also requires a public announcement of equity awards that are not made under a stockholder approved equity plan. In connection with entering into employment with Nuwellis, Inc., the individuals, who were not previously employees or directors of Nuwellis, received options to purchase an aggregate of 22,334 shares of the company’s common stock. The option awards have an exercise price of $0.66 per share, the closing price of Nuwellis’ common stock on...

Skye Bioscience Reports that Emerald Health Therapeutics Shareholders Voted in Favor of Plan of Arrangement with Skye

Written by Customer Service on August 19, 2022. Posted in Public Companies.

San Diego, California, Aug. 19, 2022 (GLOBE NEWSWIRE) — Skye Bioscience, Inc. (OTCQB: SKYE) (“Skye” or the “Company”), a pharmaceutical company developing a proprietary, synthetic cannabinoid derivative to treat glaucoma, reports that the shareholders of Emerald Health Therapeutics, Inc. (“Emerald” or the “Company”) (CSE: EMH; OTCQB: EMHTF) today approved the proposed plan of arrangement (the “Arrangement”) with Skye, with approval by 87.07% of votes cast by shareholders for that resolution. The Arrangement resolution also received majority of the minority approval, excluding interested parties, pursuant to applicable law. Emerald will now seek a final order from the Supreme Court of British Columbia to approve the Arrangement. Completion of the Arrangement remains subject to approval by the...

Day: August 19, 2022

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