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Month: September 2022

CPI Aerostructures Reports Second Quarter and Six Month 2022 Results

Second Quarter 2022 vs. Second Quarter 2021Revenue of $18.9 million compared to $22.3 million; Gross profit of $3.7 million compared to $3.6 million; Gross margin of 19.3% compared to 16.1%; Net income of $0.5 million compared to $0.6 million; Earnings per diluted share of $0.04 compared to $0.05; Cash flow from operations of $0.3 million compared to $2.4 million.Six Months 2022 vs. Six Months 2021Revenue of $39.1 million compared to $53.1 million; Gross profit of $7.1 million compared to $8.5 million; Gross margin of 18.2% compared to 16.0%; Net income of $0.5 million ($1.3 million excluding the first quarter severance accrual of $0.8 million) compared to $1.9 million; Earnings per diluted share of $0.04 ($0.10 excluding the first quarter severance accrual of $0.06) compared to $0.15; Cash flow used by operations of $(2.1) million...

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Irwin Naturals Acquiring Ketamine Media

Nation’s Leading Growth Platform for Ketamine Clinics to Drive Expansion of Irwin’s Emergence Clinics Chain LOS ANGELES, Sept. 29, 2022 (GLOBE NEWSWIRE) — Irwin Naturals Inc. (CSE: IWIN) (OTC: IWINF) (FRA: 97X) (“Irwin” or the “Company”) today announced a definitive agreement to purchase all of the issued and outstanding shares of Keta Media, LLC dba Ketamine Media (“Ketamine Media”), the nation’s leading growth platform for clinics offering ketamine-assisted therapy. With a global network dedicated to improving patient outcomes, KM has established relationships with clinics in over 45 states and three countries and connects providers and patients using a unique patient-centered approach to communication. Irwin CEO Klee Irwin says, “While this transaction will contribute immediately to our profitability, this acquisition is driven...

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Reunion Neuroscience Inc. Announces Results of Annual General and Special Shareholder Meeting

TORONTO, Sept. 29, 2022 (GLOBE NEWSWIRE) — Reunion Neuroscience Inc. (TSX: REUN, NASDAQ: REUN) (“Reunion” or the “Company”) today announced the results of the votes held at its September 29, 2022 Annual General and Special Meeting of shareholders (the “Meeting”). The total number of common shares represented by shareholders present in person or by proxy at the Meeting was 5,073,132, representing 43.57% of the Company’s 11,642,953 outstanding common shares entitled to be voted. All of the matters put forward before the Company’s shareholders for consideration and approval, as set out in the Company’s Management Information Circular dated August 28, 2022 (the “Circular“), were approved by the requisite majority of votes cast at the Meeting. Each of the nominee directors listed in the Circular was...

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Kinross announces approval to increase normal course issuer bid as part of enhanced share buyback program

(All dollar amounts are expressed in U.S. dollars, unless otherwise noted.) TORONTO, Sept. 29, 2022 (GLOBE NEWSWIRE) — Kinross Gold Corporation (“Kinross” or the “Company”) (TSX: K, NYSE: KGC) is pleased to announce that the Toronto Stock Exchange (the “TSX”) has accepted the notice filed by the Company to amend its normal course issuer bid (“NCIB”) program effective as of October 4, 2022. The amendment increases the maximum number of common shares that may be repurchased from 65,002,277 of its common shares (out of the 1,300,045,558 common shares outstanding as at July 27, 2022) representing 5% of the Company’s issued and outstanding common shares, to 114,047,070 of its common shares, representing 10% of the Company’s “public float” as at July 27, 2022. Purchases under the NCIB began on August 3, 2022 and will end no later than...

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Helius Medical Technologies to Present at the ROTH Capital Partners Inaugural Healthcare Opportunities Conference

NEWTOWN, Pa., Sept. 29, 2022 (GLOBE NEWSWIRE) — Helius Medical Technologies, Inc. (Nasdaq:HSDT) (“Helius” or the “Company”), a neurotech company focused on neurological wellness, today announced that Dane Andreeff, President and Chief Executive Officer, and Jeff Mathiesen, Chief Financial Officer, will present at the ROTH Capital Partners Inaugural Healthcare Opportunities Conference, as follows:Date: Thursday, October 6, 2022   Time: 8:45 AM ET   Location: The Yale Club, New York, NYInvestors and attendees who would like to schedule a 1-on-1 meeting with Helius management are asked to contact their Roth Capital representative to arrange a meeting.  About Helius Medical Technologies, Inc.Helius Medical Technologies is a leading neurotech company in the medical device field focused on neurologic deficits using...

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Medexus and MidCap Agree to Increase in MidCap’s Revolving Loan Commitment Amount

Medexus’s borrowing capacity under its revolving credit facility increases byUS$5.0 million, from US$20.0 million to US$25.0 million Transaction strengthens Medexus’s balance sheet, providing additional operating liquidity TORONTO and CHICAGO, Sept. 29, 2022 (GLOBE NEWSWIRE) — Medexus Pharmaceuticals (Medexus) (TSX: MDP) (OTCQX: MEDXF) today entered into an amendment to the company’s revolving credit facility with a syndicate of lenders agented by MidCap Funding IV Trust (MidCap). Among other things, the amendment provides for a US$5.0 million increase in MidCap’s revolving loan commitment amount on substantially the same terms provided under the existing facility. Following the amendment, Medexus will have total borrowing capacity under the revolving credit facility of US$25.0 million subject to the borrowing base. “We are pleased...

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Theralase® Announces Warrant Extension

TORONTO, Sept. 29, 2022 (GLOBE NEWSWIRE) — Theralase® Technologies Inc. (“Theralase” or “Company”) (TSXV:TLT)(OTCQB:TLTFF), a clinical stage pharmaceutical company focused on the research and development of light activated Photo Dynamic Compounds (“PDCs”) and their associated drug formulations intended to safely and effectively destroy various cancers, announces that the Company proposes to extend the expiry date of 3,157,059 share purchase warrants, all of which are exercisable at $0.50 per share (collectively, the “Warrants”). The Warrants were issued on October 3, 2018 pursuant to a private placement involving the issuance of 3,157,059 units of the Company. The Warrants were previously amended to extend the original expiry date of October 3, 2020 to October 3, 2022. Now, the Company proposes to extend the amended expiry date...

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KEON ANNOUNCES ADDITION TO BOARD OF DIRECTORS

Vancouver, B.C. , Sept. 29, 2022 (GLOBE NEWSWIRE) — Keon Capital Inc. (“Keon” or the “Company”) (TSXV: KEON.H) is pleased to announce that Luke Montaine has been added to the Company’s board of directors. Mr. Montaine already acts as the Company’s Chief Financial Officer and Corporate Secretary (see the Company’s press release dated July 4, 2022 respecting Mr. Montaine’s appointment to such positions and his qualifications). On behalf of the Board of Directors “John McCleery” Director and CEOTel: 604.880.5624Email: johnb.mccleery@gmail.com ### Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Avante Logixx Enters Into Letter of Intent to Acquire C&B Alarms Ltd.

Not for distribution to U.S. news wire services or for dissemination in the United States Toronto, Ontario, Sept. 29, 2022 (GLOBE NEWSWIRE) — Avante Logixx Inc. (“Avante” or the “Company“) (TSXV: XX) is pleased to announce that it has entered into a non-binding letter of intent (the “Letter of Intent”) to acquire certain of the business and assets of C&B Alarms Ltd. (“C&B Alarms”). The parties currently intend to negotiate and enter into a definitive agreement for the Transaction (the “Agreement”), which will include customary terms and conditions for a transaction of this nature, including (i) completion of due diligence by the Company; and (ii) the receipt of all requisite corporate, shareholder and regulatory approvals. There can be no assurance that a definitive agreement will be negotiated...

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Bombardier Introduces Innovator, Investor and F1 Team Owner Toto Wolff as Worldwide Brand Ambassador

Bombardier Introduces Innovator, Investor and F1 Team Owner Toto Wolff as Worldwide Brand Ambassador Bombardier Introduces Innovator, Investor and F1 Team Owner Toto Wolff as Worldwide Brand AmbassadorMONTREAL, Sept. 29, 2022 (GLOBE NEWSWIRE) — Bombardier today introduced Toto Wolff as its worldwide brand ambassador. For many years, Toto has turned to Bombardier jets to quickly, efficiently and smoothly travel between business and motorsport engagements around the world. With this longstanding experience in hand, Toto will support Bombardier through a range of activities and touchpoints. “Toto is a visionary leader and entrepreneur who embodies the spirit of innovation, excellence, performance and competitiveness that have all become synonymous with Bombardier business jets around the world,” said Éric Martel, President...

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