Day: November 15, 2022

Retirement of Chair

Written by Customer Service on November 15, 2022. Posted in Public Companies.

BRISBANE, Australia, Nov. 15, 2022 (GLOBE NEWSWIRE) — Allkem Limited (ASX|TSX: “Allkem,” the Company”) advises that Mr. Martin Rowley has retired from the role of Chair and as a director of Allkem from the close of the 2022 Annual General Meeting (“AGM”) which was held today 15 November 2022. Mr. Rowley leaves the Company in its strongest position ever having initiated and led the successful implementation of the merger between Galaxy Resources and Orocobre Limited to create Allkem. Allkem has a world class asset portfolio and following the record production and financial results of FY22 is positioned for significant growth into the future as a global supplier of lithium chemicals. Mr. Rowley has the unique distinction of being instrumental in the creation of two major resources companies during his career. Martin was co-founder...

NFI Announces Third Quarter 2022 Results

Written by Customer Service on November 15, 2022. Posted in Earnings Releases And Operating Results.

All figures quoted in U.S. dollars unless otherwise noted: Performance Highlights:2022 Q3 revenue of $514 million; 783 equivalent units (“EUs”) delivered, including 104 EUs of battery- and fuel cell-electric buses (“ZEBs”), which equates to 13% of total deliveries. 2022 Q3 Adjusted EBITDA2 of ($16) million; Net Loss per Share of $0.56 and Adjusted Net Loss per Share2 of $0.63. Ending liquidity2 position of $471 million, with a minimum liquidity requirement of $250 million. In detailed discussions with Export Development Canada (“EDC”), the Government of Manitoba and other banking syndicate members regarding credit facility covenant relief and potential financing solutions. Ending total backlog position (both firm and options) of 8,505 EUs (valued at $4.9 billion2); zero-emission bus (“ZEB”)...

Correction: Splash Beverage Group Reports Third Quarter 2022 Financial Results Revenues Increase 73% with $5.1 Million in Gross Sales

Written by Customer Service on November 15, 2022. Posted in Public Companies.

Correction: Splash Beverage Group Reports Third Quarter 2022 Financial Results Revenues Increase 73% with $5.1 Million in Gross Sales Splash Beverage Group Financial ResultsCorrection: Splash Beverage Group Reports Third Quarter 2022 Financial Results Revenues Increase 73% with $5.1 Million in Gross Sales Splash Beverage Group Financial ResultsFort Lauderdale, Florida, Nov. 15, 2022 (GLOBE NEWSWIRE) — On November 15, 2022, Splash Beverage Group, Inc. (NYSE American: SBEV) (“Splash” or the “Company”), a portfolio company of leading beverage brands, issued a press release announcing financial results for the third quarter period ended September 30, 2022. The purpose of this press release is to correct the references to the second quarter period ending June 30, 2022 made in the previous press release. ...

GINSMS Completes Loan Repayment by Shares for Debt

Written by Customer Service on November 15, 2022. Posted in Public Companies.

CALGARY, Alberta, Nov. 15, 2022 (GLOBE NEWSWIRE) — GINSMS Inc. (“GINSMS” or the “Corporation”) (TSXV: GOK) is pleased to announce that it has completed the shares for debt transaction (the “Shares for Debt Transaction”) previously announced on October 17, 2022, pursuant to the agreement between the Corporation and Joel Siang Hui Chin (“Joel Chin”) for the repayment, by way of share issuance, of loans (collectively, the “Loans”) representing an aggregate principal and interest total amount of CAD 3,732,450.73 granted to the Corporation by Joel Chin. Following receipt of approval from the TSXV Venture Exchange (the “Exchange”), the Corporation has issued 37,324,507 common shares of the Corporation at a price of CAD 0.10 per common share (the “Repayment Shares”) on November 14, 2022. The total number of shares issued and outstanding...

Elys Game Technology Reports Third Quarter 2022 Results

Written by Customer Service on November 15, 2022. Posted in Earnings Releases And Operating Results.

Strong Quarterly European performance with B2C turnover increasing from €139.6 million to €166.2 million, an increase of 19.1% with strong NGR margin improving from €6.7 million to €8.9 million, an increase of 33.3% Strong recovery of nine-month performance with B2C turnover increasing from €523.9 million to €537.1 million, an increase of 2.5% (despite the closure of Ulisse operations in the prior year) with NGR margin improving from €27.9 million to €28.3 million, an increase of 1.2%, (overall tax rate increase from 21.1% to 24.3% due to closure of Ulisse operations) Management’s profitability goal achieved ahead of schedule in European operations Strong U.S. Dollar masks the strong European performance Exciting 2023 prospects include: Strong start to 2023 with over 100 signed Host locations in Ohio, commencing operations in 2nd DC location...

Majic Wheels Corp. Enters Definitive Merger Agreement with OceanTech Acquisitions I Corp.

Written by Customer Service on November 15, 2022. Posted in Public Companies.

NEW YORK, Nov. 15, 2022 (GLOBE NEWSWIRE) — Majic Wheels Corp. (“Majic Wheels”) (OTC: MJWL), a holding company that operates through its subsidiary companies focused on disruptive industries such as Fintech, Insurtech, software development, and crypto exchange platform, through strategic acquisitions, and OceanTech Acquisitions I Corp. (“OceanTech”) (Nasdaq: OTEC/OTECU/OTECW), a special purpose acquisition company, today announced that they have entered into a definitive business combination agreement (the “Merger Agreement”) that will result in Majic Wheels becoming a publicly listed company on The Nasdaq Stock Market LLC. Additionally, concurrent and in connection with the Merger Agreement, OceanTech and Majic Wheels have entered into a Forward Share Purchase Agreement for up to $40 million committed backstop by Meteora Capital...

Ferroglobe Reports Solid Third Quarter 2022 Results Despite Weaker Market Conditions

Written by Customer Service on November 15, 2022. Posted in Earnings Releases And Operating Results.

LONDON, Nov. 15, 2022 (GLOBE NEWSWIRE) — Ferroglobe PLC (NASDAQ: GSM) (“Ferroglobe”, the “Company”, or the “Parent”), a leading producer globally of silicon metal, silicon-based and manganese-based specialty alloys, today announced results for the third quarter 2022. FINANCIAL HIGHLIGHTSQ3 2022 revenue of $593.2 million, down 29.5% over the prior quarter Q3 2022 Adjusted EBITDA of $185.3 million, down 38.9% over the prior quarter Adjusted EBITDA margin decrease of 5 percentage points to 31% in Q3 2022, down from 36% over the prior quarter Net profit of $98.8 million (diluted earnings per share of $0.52), compared to net profit of $185.1 million (diluted earnings per share of $0.98) in Q2 2022 Net debt of $194 million at quarter end, similar at the end of Q2 Total cash of $236.8 million at quarter-end, down $69.7 million from...

ERES REIT Declares November 2022 Monthly Distribution

Written by Customer Service on November 15, 2022. Posted in Dividend Reports And Estimates.

TORONTO, Nov. 15, 2022 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (TSX: ERE.UN, “ERES”) is pleased to announce that the trustees of ERES have declared the November 2022 monthly cash distribution of €0.01 per Unit and Class B LP Unit (the “November Distribution”), being equivalent to €0.12 per Unit annualized. The distribution will be payable to holders of the Units and Class B LP Units (the “Unitholders”) of record on November 30, 2022, with payment on December 15, 2022. The Euro-denominated distribution will be paid in Canadian dollars based on the exchange rate on the date of payment (estimated C$0.01369 per Unit and Class B LP Unit). Registered Unitholders will be provided with an option to elect to receive such distribution in Euros rather than Canadian dollars. If no such election is made, registered...

Diversified Royalty Corp. Completes Acquisition of US-Based Stratus Building Solutions Trademarks and Confirms Increase in Annual Dividend

Written by Customer Service on November 15, 2022. Posted in Dividend Reports And Estimates.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Nov. 15, 2022 (GLOBE NEWSWIRE) — Diversified Royalty Corp. (TSX: DIV; DIV.DB and DIV.DB.A) (the “Corporation” or “DIV”) is pleased to announce that it has closed its previously announced agreement with SBS Franchising, LLC (“Stratus”) of North Hollywood, California to add its seventh royalty stream to DIV’s portfolio and DIV’s first royalty stream based primarily in the United States. Stratus is a franchisor that offers master franchises for commercial cleaning services and building maintenance services in the United States and Canada under the “Stratus Building Solutions” system and trademarks, and also manages and operates certain master franchises through its affiliates in the United States. All dollar amounts...

Firm Capital Apartment REIT Reports Q3/2022 Results and Announces Strategic Review

Written by Customer Service on November 15, 2022. Posted in Earnings Releases And Operating Results.

All figures in $USD unless otherwise noted.TORONTO, Nov. 15, 2022 (GLOBE NEWSWIRE) — Firm Capital Apartment Real Estate Investment Trust (“the “Trust”), (TSXV: FCA.U), (TSXV: FCA.UN) is pleased to report its financial results for the three months ended September 30, 2022: EARNINGSFor the three months ended September 30, 2022, net loss was approximately $1.4 million, in comparison to the $10.3 million net loss reported for the three months ended June 30, 2022 and the $2.6 million net income reported for the three months ended September 30, 2021. For the nine months ended September 30, 2022, net loss was $12.1 million in comparison to the $0.4 million net income reported for the nine months ended September 30, 2021;Excluding non-cash fair value adjustments, net income was $0.4 million for the three months ended September 30,...

Day: November 15, 2022

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