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Month: September 2022

Rains Insurance Acquires Sunbelt Insurance

KNOXVILLE, Tenn. and CHATTANOOGA, Tenn., Sept. 06, 2022 (GLOBE NEWSWIRE) — Rains Insurance, Inc. (“Rains”), a wholly owned subsidiary of SmartBank, announced today that it has acquired the operating assets of Chattanooga, TN-based Sunbelt Group, LLC (“Sunbelt”). The transaction is effective September 1, 2022 and marks the first acquisition of an independent insurance agency by Rains. Sunbelt, formed in 1984, is an independent, full-service insurance agency providing personal and commercial property and casualty insurance as well as life and health. In addition, Sunbelt has a dedicated transportation insurance department that focuses their attention solely on the insurance needs of the transportation industry.  Mark Slater, President of Sunbelt Insurance, said, “Rains and SmartBank have a great culture and a proven track record...

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Major Drilling Announces First Quarter EBITDA up 80%

MONCTON, New Brunswick, Sept. 06, 2022 (GLOBE NEWSWIRE) — Major Drilling Group International Inc. (“Major Drilling” or the “Company”) (TSX: MDI), a leading provider of specialized drilling services to the mining sector, today reported results for the first quarter of fiscal 2023, ended July 31, 2022. HighlightsHighest quarterly revenue and net earnings in 10 years. Revenue of $199.8 million, an increase of 32% over the same period last year. EBITDA(1) for the quarter was $43.5 million (or $0.53 per share), an increase of 80% compared to the same period last year. Net earnings of $24.2 million, or $0.29 per share for the quarter, more than double the net earnings of $11.1 million, or $0.14 per share for the same period last year. Net cash at $8.5 million compared to net debt of $1.6 million in April 2022. Good progress in labour...

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Advanced Emissions Solutions Announces Sale of Marshall Mine, LLC to Caddo Creek Resources Company, L.L.C.

Elimination of asset retirement obligation strengthens the Company’s balance sheet and provides operational focus GREENWOOD VILLAGE, Colo., Sept. 06, 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 signed a definitive agreement to sell Marshall Mine LLC, the entity that owns the former lignite mine currently being reclaimed located in Marshall, Texas (“Marshall Mine”), to Caddo Creek Resources Company, L.L.C. (“Caddo Creek”) (the “Transaction”). The Company had previously taken over the Marshall Mine upon entering into its activated carbon supply agreement with Norit Activated Carbon. The Company does...

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Hampton Financial Corporation Announces Completion of Third Tranche and Extension of Non-Brokered Private Placement of Unsecured Convertible Debentures

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Sept. 06, 2022 (GLOBE NEWSWIRE) — Hampton Financial Corporation (“Hampton” or the “Corporation”) (TSXV:HFC & HFC.PR.A) is pleased to announce the completion of the third tranche of a non-brokered private placement of unsecured convertible debentures (the “Debentures”) in the principal amount of $1,142,000. The closing of the third tranche is part of a larger offering of Debentures in the aggregate principal amount of up to CAD$6,000,000 (the “Offering”). Pursuant to the Offering Hampton has completed, to date, three tranches of Debentures in the aggregate principal amount of $4,663,000. Hampton is also pleased to announce that, subject to approval by the TSX Venture Exchange (“TSXV”), it is extending the final closing date of...

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CVG Announces Participation in the Barrington Research Virtual Fall Investment Conference

NEW ALBANY, Ohio, Sept. 06, 2022 (GLOBE NEWSWIRE) — CVG (NASDAQ: CVGI) announced today that Harold Bevis, President and Chief Executive Officer, and Christopher Bohnert, Chief Financial Officer, will participate in the Barrington Research Virtual Fall Investment Conference on Thursday, September 8, 2022. Management will meet virtually with investors to discuss the Company’s transformation strategy to drive sales diversification and improve profitability. For further information, please contact IR@CVGRP.com. About CVG At CVG, we deliver real solutions to complex design, engineering and manufacturing problems across a range of global industries by innovating, constantly adding value, and treating our customer’s bottom line as if it were our own. Information about the Company and its products is available on the internet at...

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Euro Manganese Confirms Arrival of all Demonstration Plant Modules at Site

VANCOUVER, British Columbia, Sept. 06, 2022 (GLOBE NEWSWIRE) — Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQX: EUMNF; Frankfurt: E06) (the “Company” or “EMN“) is pleased to confirm that the two shipments, comprising 12 containers and including all modules of the Demonstration Plant, have now arrived at the Chvaletice Project site in the Czech Republic. Modules are now being unpacked and placed in position within the two fully-refurbished buildings. Commissioning of the Demonstration Plant, including cold, hot and performance testing, will commence once all modules and ancillary equipment are in place, inspected and connected. The Demonstration Plant is expected to be in full operation and producing to customer specifications by the end of 2022. The Demonstration Plant is designed to produce larger-scale...

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LGI Homes Reports August 2022 Home Closings

THE WOODLANDS, Texas, Sept. 06, 2022 (GLOBE NEWSWIRE) — LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 504 homes in August 2022. As of August 31, 2022, the Company had 93 active selling communities. About LGI Homes, Inc. LGI Homes, Inc. is a pioneer in the homebuilding industry, successfully applying an innovative and systematic approach to the design, construction and sale of homes. As one of America’s fastest growing companies, LGI Homes has a notable legacy of more than 19 years of homebuilding excellence, over which time it has closed more than 50,000 homes and has been profitable every year. Headquartered in The Woodlands, Texas, LGI Homes has operations across 35 markets in 20 states and, since 2018, has been ranked as the 10th largest residential builder in the United States based on units closed. Nationally recognized...

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Daxor Corporation to Attend the H.C. Wainwright 24th Annual Global Investment Conference

Oak Ridge, TN, Sept. 06, 2022 (GLOBE NEWSWIRE) — Daxor Corporation (Nasdaq: DXR), the global leader in blood volume measurement technology, announces today that CEO and President Michael Feldschuh will attend the H.C. Wainwright 24th Annual Global Investment Conference being held on September 12 – 14, 2022 at the Lotte New York Palace. Mr. Feldschuh will be available for one-on-one meetings. To request a meeting and to register for the conference, click: https://hcwevents.com/annualconference/ Interested investors may also contact Bret Shapiro at CORE IR either by calling 1-516-222-2560 or emailing brets@coreir.com. About Daxor Corporation Daxor Corporation (Nasdaq: DXR), is the global leader in blood volume measurement technology focused on blood volume testing innovation. We developed and market the BVA-100® (Blood Volume Analyzer),...

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Gouverneur Bancorp, Inc. Announces Receipt of Regulatory Approvals for Acquisition of Citizens Bank of Cape Vincent and Expected Correction of Fiscal 2021 Financial Statements to Increase Net Income

GOUVERNEUR, N.Y., Sept. 06, 2022 (GLOBE NEWSWIRE) — Cambray Mutual Holding Company, Gouverneur Bancorp, Inc. (the “Company”) and Gouverneur Savings and Loan Association (collectively, “Gouverneur”) today announced that Gouverneur and Citizens Bank of Cape Vincent (“CBCV”) have received the requisite regulatory approvals necessary to complete Gouverneur’s acquisition of CBCV and merger of CBCV with and into Gouverneur Savings and Loan Association. The transaction is expected to close on September 16, 2022 and is subject to customary closing conditions. In addition, unrelated to its pending acquisition of CBCV, the Company also announced today that, in anticipation of the preparation of its financial statements for the fiscal year ending September 30, 2022, it has determined that its financial statements for the fiscal year ended...

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CPI Aerostructures Reports First Quarter 2022 Results

First Quarter 2022 vs. First Quarter 2021Revenue of $20.1 million compared to $30.8 million; Gross profit of $3.4 million compared to $4.9 million; Gross profit margin of 17.1% compared to 16.0%; Net loss of $(32,931) compared to net income of $1.2 million (net income of $0.8 million excluding a $0.8 million severance accrual recorded during the first quarter of 2022); Loss per diluted share of $(0.00) compared to earnings per diluted share of $0.10 (earnings per diluted share of $0.06 excluding a $0.06 severance accrual recorded during the first quarter of 2022); Cash flow used in operations of $(2.4) million compared to a use of $(4.9) million; Debt as of March 31, 2022 of $25.3 million compared to $26.2 million as of December 31, 2021.EDGEWOOD, N.Y., Sept. 06, 2022 (GLOBE NEWSWIRE) — CPI Aerostructures, Inc. (“CPI Aero®”...

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