Month: September 2022

TORONTO, Sept. 27, 2022 (GLOBE NEWSWIRE) — O2Gold Inc. (NEX: OTGO.H) (“O2Gold” or the “Company”) is pleased to announce that it has closed its previously announced non-brokered private placement financing (the “Offering”). The Company issued 10,000,000 units (each, a “Unit”) at a price of $0.05 per Unit for gross proceeds of $500,000. For more information on the Offering, please see the Company’s press release dated September 14, 2022, which is available under the Company’s profile on SEDAR at www.sedar.com. Pursuant to the Offering, each Unit consists of one common share of the Company (each, a “Common Share”) and one Common Share purchase warrant (each, a “Warrant”). Each Warrant entitles the holder to acquire one additional Common Share at an exercise price of $0.075 at any time prior to September 27, 2023. No finder’s fees...

LONDON and AMSTERDAM, Sept. 27, 2022 (GLOBE NEWSWIRE) — Blockmate Ventures Inc (TSX.V: MATE) (FSE: 8MH1) (“Blockmate” or the “Company”) announces that non-executive Anthony Zelen has resigned effective 21st September 2022 to pursue other opportunities with his other listed companies. The Board would like to thank Mr. Zelen for his many years of service to the Company and wishes him well in his future endeavours. About Blockmate Ventures Inc. Blockmate Ventures is a Web3 incubator/venture creator focussing on businesses that utilise blockchain technology and decentralization to provide greater utility, accessibility and sustainability around everyday services. Working with prospective Founders, projects in incubation can benefit from the Blockmate ecosystem that offers tech, services, integrations, digital assets, and advisory...

SAULT STE. MARIE, Ontario, Sept. 27, 2022 (GLOBE NEWSWIRE) — Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today provided guidance for its fiscal second quarter 2023. Fiscal second quarter 2023 Adjusted EBITDA is expected to be in a range of $75 million to $80 million. Michael Garcia, the Company’s Chief Executive Officer, commented, “Our projected fiscal second-quarter results largely reflect previously disclosed operational challenges, as well as the continued decline in prices for our finished products, both of which had a negative impact on overall profitability.” Mr. Garcia continued, “In the quarter we experienced a production shortfall due to various operational challenges, resulting in a decline in shipments...

Special Meeting of Enerflex Ltd. Shareholders to Be Held on October 11, 2022 CALGARY, Alberta, Sept. 27, 2022 (GLOBE NEWSWIRE) — Enerflex Ltd. (TSX: EFX) (“Enerflex” or the “Company”), a leading supplier of vertically integrated products and services to the global energy industry, is pleased to announce today that leading independent proxy advisory firms Institutional Shareholder Services (“ISS”) and Glass, Lewis & Co. (“Glass Lewis”) recommend that Enerflex shareholders vote “FOR” the Company’s proposed issuance of common shares of Enerflex to the holders of common stock of Exterran Corporation (NYSE: EXTN) (“Exterran”) in furtherance of Enerflex’s acquisition of Exterran (the “Transaction”). Shareholders of record as of the close...

TORONTO, Sept. 27, 2022 (GLOBE NEWSWIRE) — ABERDEEN INTERNATIONAL INC. (“Aberdeen” or the “Company”) (TSX: AAB) announces that it has sold 7,000,000 common shares of Medivolve Inc. (“Medivolve”) (NEO: MEDV) on September 22, 2022, which has resulted in Aberdeen’s ownership being reduced by 1.7% to less than 10% of the outstanding Medivolve common shares and Aberdeen ceasing to be an insider of Medivolve The Company reviews its holdings from time to time and may increase or decrease its position as future circumstances may dictate. This news release is being issued in accordance with National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with the filing of an early warning report dated September 29, 2022. The early warning report respecting the occurrence giving...

QuiCur™ technology remarkably increases design flexibility for power circuits in increasingly sophisticated automotive applicationsROHM’s new BD9S402MUF-C buck DC/DC converter IC with built-in MOSFET For automotive applications such as ADAS, head-up displays, infotainment systemsSystem Configuration and Automotive Secondary Power Supply Comparison Automotive power supplies must handle large currents, low voltage output and load current fluctuations. ROHM’s new DC/DC converter IC provides stable operation, even at low output voltages.Santa Clara, CA and Kyoto, Japan, Sept. 27, 2022 (GLOBE NEWSWIRE) — ROHM Semiconductor today announced the BD9S402MUF-C, a new buck DC/DC converter IC with built-in MOSFET (switching regulator) for automotive applications such as infotainment and ADAS (Advanced Driver Assistance Systems)...

MONTREAL, Sept. 27, 2022 (GLOBE NEWSWIRE) — MONARCH MINING CORPORATION (“Monarch” or the “Corporation”) (TSX: GBAR) (OTCQX: GBARF) reports today that it has suspended its operations at the Beaufor Mine due to financial and operational challenges. The mine will be put on care and maintenance for an undetermined period. As reported on August 31, the slower ramp-up of the Beacon mill following a number of mechanical and procurement issues, as well as problems with the grade reconciliation of the material stockpiled, caused cash restrictions and forced the Corporation to slow down its mining activities at Beaufor. Following a review of its operations, the Corporation received confirmation of continuing significant discrepancies between the reported grade of the material mined at Beaufor and the grade of material processed at the Beacon...

R. Chuck Hunt CapStar BankNASHVILLE, Tenn., Sept. 27, 2022 (GLOBE NEWSWIRE) — CapStar Bank, a subsidiary of CapStar Financial Holdings, Inc. (NASDAQ: CSTR), announces the hiring of R. Chuck Hunt as Senior Vice President, Correspondent Banking Relationship Manager, where he will lead business development and customer service initiatives in new markets throughout the region. The Bank currently serves a broad range of financial institutions across Tennessee and is poised to expand the correspondent banking division to further deliver its best-in-class experience. “Correspondent Banking has been a key funding component for CapStar since 2011,” said Mike Hill, CapStar’s East Tennessee Market President. “CapStar is focused on strategically hiring top talent and delivering an unparalleled level of customer service. We are enthusiastic...

TORONTO, Sept. 27, 2022 (GLOBE NEWSWIRE) — Inventus Mining Corp. (TSX VENTURE: IVS) (“Inventus” or the “Company”) is pleased to announce the results from its bulk sampling program at its 100%-owned Pardo Project near Sudbury, Ontario. The 5,000-tonne bulk sample from the 007 Zone returned an average head grade of 3.4 g/t gold (Au) with excellent gravity recoverable gold. The bulk sampling program was successful in reconciling the gold mineralization in the predictive block model that was generated using large diameter infill diamond drill holes. Key results include:A total of 4,979 dry tonnes of mineralized rock was processed with a head grade of 3.4 g/t Au. Bulk sample head grade reconciled strongly with the predictive block model grade of 3.3 g/t Au. Gravity and flotation concentrate contained 438 oz Au, worth approximately...