Day: October 7, 2022

Hallmark Financial Services, Inc. Hallmark Financial Services, Inc.DALLAS, Texas, Oct. 07, 2022 (GLOBE NEWSWIRE) — Hallmark Financial Services, Inc. (the “Company” or “Hallmark”; NASDAQ: HALL), a property and casualty insurance company, today announced the sale of its excess and surplus (“E&S”) lines operations to Core Specialty Insurance Holdings, Inc. (“Core Specialty”), a specialty property and casualty insurer, for $40.0 million cash consideration, plus an estimated $19.9 million consideration for the acquisition costs associated with certain net unearned premium reserves. The transaction is comprised of nine business units within the Company’s Specialty Commercial business segment, certain related assets and liabilities, and the immediate transition to Core Specialty of approximately 200 employees who produce and support...

HOUSTON, Oct. 07, 2022 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: “EGY”; LSE: “EGY”) (“VAALCO” or the “Company“)  announced that the stockholders of TransGlobe Energy Corporation (AIM & TSX: “TGL” & NASDAQ: “TGA”) (“TransGlobe”) approved the proposed strategic business combination with VAALCO at a Special Meeting held earlier today. As previously disclosed, VAALCO’s stockholders approved the combination at its special meeting of stockholders held on September 29, 2022. George Maxwell, VAALCO’s Chief Executive Officer commented, “We are excited for this business combination and appreciate the strong support we received from both sets of stockholders. The combination of these two companies should build a business of scale, a stronger balance sheet and a more material and diversified baseline of...

Miami, FL; Irvine, CA, Oct. 07, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — Arogo Capital Acquisition Corp. (NASDAQ: “AOGOU, AOGO, AOGOW”) (“Arogo”), a special purpose acquisition corporation, today announced the filing of a registration statement and proxy statement and prospectus on Form S-4 (the “Registration Statement”), with the U.S. Securities and Exchange Commission (“SEC”). The Registration Statement contains a preliminary proxy statement and prospectus, in connection with Arogo’s previously announced proposed business combination with EON Reality, Inc., a leading company in Augmented and Virtual Reality and Knowledge Metaverse industry and education solutions (“EON Reality”). While the Registration Statement has not yet become effective and the information contained therein is subject to change, it provides important...

TORONTO, Oct. 07, 2022 (GLOBE NEWSWIRE) — Canadian GoldCamps Corp. (“Canadian GoldCamps”, or the “Company”) (CSE: CAMP) (FSE: A68) (OTC: SMATF) today announced that it has entered into a definitive purchase agreement with Zaryadka Lithium Corp. (the “Vendor”) dated October 7, 2022, for the acquisition of the Vendor’s right to earn a 100% undivided ownership interest in the Valley Springs lithium project (“Valley Springs Project” or the “Property”) located in western Nevada (the “Acquisition”). The Valley Springs Project consists of 997 placer claims representing 19,940 acres (8,069.4 hectares) located 55 miles south-southeast of Battle Mountain and 35 miles north-northeast of Austin, Nevada. In consideration for the Project, the Company shall issue 13,000,000 common shares to the Vendor (the “Consideration Shares”) and assumption...

Hallmark E&S produced $436 million gross premiums written over the 12-month period ended June 30, 2022 Furthers Core Specialty’s momentum in building the leading specialty insurance company Elevates Core Specialty’s participation in excess & surplus lines; combined business would be among the 20 largest E&S groups based on 2021 dataCINCINNATI, Oct. 07, 2022 (GLOBE NEWSWIRE) — Core Specialty Insurance Holdings, Inc. and its subsidiaries (“Core Specialty” or the “Company”) announced today that it has completed the acquisition of Hallmark Financial Services, Inc.’s Excess & Surplus Lines operations for approximately $40 million in cash.  The business acquired from Hallmark Financial Services, Inc. (“Hallmark”) represents that portion of Hallmark’s Specialty Commercial Segment that is distributed through the...