Green light from US Treasury for VEON Ltd. Equity trading

Written by Customer Service on November 18, 2022. Posted in Public Companies.

Amsterdam, 18 November 2022: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON), a global digital operator that provides converged connectivity and online services, announced that the U.S. Department of the Treasury, Office of Foreign Assets Control (OFAC) has today issued General License 54 authorizing all transactions ordinarily incident and necessary to the purchase and receipt of any debt or equity securities of VEON Ltd. that would otherwise be prohibited by section 1(a)(i) of Executive Order (E.O.) 14071. OFAC General License 54 applies to all debt and equity securities of VEON Ltd. that were issued before 6 June 2022, and confirms that the authorization applies not only to the purchase and receipt of debt and equity securities, but also to transactions ordinarily incident and necessary to facilitating, clearing, and settling of...

Automotive Finco Corp. Announces New Loan with Strong Risk Adjusted Returns and Targeted Increase to Net Asset Value

Written by Customer Service on November 18, 2022. Posted in Public Companies.

Not for distribution to United States newswire services or for dissemination in the United States. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. TORONTO, Nov. 18, 2022 (GLOBE NEWSWIRE) — Automotive Finco Corp. (NEX: AFCC-H) (“AFCC” or the “Company”) is pleased to announce that the Company, via Automotive Limited Partnership, has agreed to fund a new unsecured loan (the “Investment”) to AA Finance Co LP (“Investee”) of $21,000,000. The Investment is being made in accordance with the Alliance Agreement, under which a Partnership Suitable Financing has been made available to Automotive Finance Limited Partnership with terms set out in the relevant ROFO notice. These terms were then modified through negotiation in the Company’s favor. The Investment...

Flow Capital Announces Q3 2022 Financial Results

Written by Customer Service on November 18, 2022. Posted in Public Companies.

Recurring Revenues from Interest and Royalties of over $1.67M – YoY growth of 41.7% TORONTO, ON, Nov. 18, 2022 (GLOBE NEWSWIRE) — Flow Capital Corp. (TSXV:FW) (“Flow Capital” and “Company”), a leading provider of flexible growth capital and alternative debt solutions, announces its unaudited financial and operating results for the quarter ending September 30, 2022 (“Q3 2022”). Financial references are in Canadian dollars unless otherwise specified. Q3 2022 Highlights Recurring Revenue of $1.67 million in Q3. Adjusted Recurring Free Cash Flow1 of approx. $400,000 in Q3; over $2 million YTD and $2.3 million over the past four-quarters. Total assets of approximately $53 million compared to $44 million at YE 2021. Cash of approx. $9.5 million compared to $4.1 million at YE 2021. Book Value ~$0.95 per share; up 27.3% YTD. “In spite...

WestBond reports Profit for the Quarter ended September 30, 2022 and Announces Quarterly Dividend

Written by Customer Service on November 18, 2022. Posted in Dividend Reports And Estimates.

DELTA, British Columbia, Nov. 18, 2022 (GLOBE NEWSWIRE) — WestBond Enterprises Corporation (TSX-V: WBE) has posted a profit of $182,923 ($0.005 per share) for the three months ended September 30, 2022, compared to a profit of $415,352 ($0.012 per share) for the three months ended June 30, 2022. Sales were $2,898,116 for the three months ended September 30, 2022, which is 12.7% lower than for the three months ended June 30, 2022. The lower sales and profit were a direct result of unshipped orders due to labour shortages. Despite the labour challenges faced in our industry, our profit has improved when compared with the same period last year. We are pleased to declare a quarterly dividend of $0.005 per share which will be paid on December 23, 2022 to shareholders of record on December 5, 2022. The dividends are eligible dividends...

Westwood Acquires Salient Partners’ Asset Management Business

Written by Customer Service on November 18, 2022. Posted in Mergers And Acquisitions.

Highly Complementary Expansion of Westwood’s Investment and Distribution Capabilities DALLAS, Nov. 18, 2022 (GLOBE NEWSWIRE) — Westwood Holdings Group, Inc. (NYSE: WHG, “Westwood”), a Dallas-based investment management boutique and wealth management firm, has acquired the asset management business of Salient Partners, L.P. (“Salient”), a Houston-based asset management firm. As a result, Westwood has also acquired a significant minority stake, previously owned by Salient, in Broadmark Asset Management LLC (“Broadmark”). Broadmark is a San Francisco-based asset manager offering hedged equity strategies and serves as sub-adviser to a pair of seasoned mutual funds and separately managed accounts now offered by Westwood. This strategic acquisition increases Westwood’s total assets under management (“AUM”) by 33% to $16.3 billion, adding...

Dominion Water Reserves Announces Annual General and Special Meeting Results and Name Change

Written by Customer Service on November 18, 2022. Posted in Public Companies.

MONTREAL, Nov. 18, 2022 (GLOBE NEWSWIRE) — Dominion Water Reserves Corp. (“Dominion Water” or the “Corporation”) (CSE: DWR), is pleased to announce the results of its Annual General and Special Meeting (“AGSM”) held on November 18, 2022 and name change. The Corporation is pleased to report, that all items to be voted on at its AGSM were approved, as follows: the number of director was determined at six (6); the following individuals were elected as directors: Alexandre Côté, Robert Dunn, Olivier Primeau, Germain Turpin, Michael Pesner, and Raimondo Messina MNP LLP, Chartered Accountants, was re-appointed as auditors, the by-laws of the Corporation was ratified and confirmed; and the corporate name change of the Corporation to “Prime Drink Group Corp. / Groupe Prime Drink Corp.”(the “Name Change”). Upon approval of the Name...

ZW Data Action Technologies Reports Third Quarter and First Nine Months 2022 Unaudited Financial Results

Written by Customer Service on November 18, 2022. Posted in Earnings Releases And Operating Results.

BEIJING, China, Nov. 18, 2022 (GLOBE NEWSWIRE) — ZW Data Action Technologies Inc. (Nasdaq: CNET) (the “Company”), an integrated online advertising, precision marketing, data analytics and other value-added services provider serving enterprise clients, today announced its unaudited financial results for the three and nine months ended September 30, 2022. Third Quarter 2022 Financial Results Revenues For the third quarter of 2022, revenues decreased by $4.68 million, or 39.4%, to $7.22 million from $11.90 million for the same period last year. The decrease in revenues was primarily attributable to the decrease in our main stream service revenues from the distribution of the right to use search engine marketing services business segment, as a result of the repeated regional COVID-19 rebound in many provinces in China during...

Nova LifeStyle, Inc. Reports Third Quarter FY 2022 Results

Written by Customer Service on November 18, 2022. Posted in Earnings Releases And Operating Results.

LOS ANGELES, Nov. 18, 2022 (GLOBE NEWSWIRE) — Nova LifeStyle, Inc. (NASDAQ: NVFY) (“Nova LifeStyle” or the “Company”) today announced its financial results for the third quarter ended September 30, 2022. Key Financial Highlights: Operating Results for the Three Months Ended September 30, 2022: Net sales for three months ended Sept 30, 2022 were $3.0 million, an increase of 3% from $2.9 million in the same period of 2021. Gross profit was $1.1 million, compared to a gross profit of $1.4 million in the same period of 2021. Net loss from operations was $1.7 million, compared to $1.4 million loss in the same period of 2021. Operating Results for the Nine Months Ended September 30, 2022: Net sales for the nine months ended Sept 30, 2022 were $10.5 million, an increase of 7% from $9.8 million in the same period 2021. Gross loss was...

Motorsport Games Reports Third Quarter 2022 Financial Results

Written by Customer Service on November 18, 2022. Posted in Earnings Releases And Operating Results.

Motorsport Games Reports Q3 2022 Financial Results Motorsport Games Reports Q3 2022 Financial Results MIAMI, Nov. 18, 2022 (GLOBE NEWSWIRE) — Motorsport Games Inc. (NASDAQ: MSGM) (“Motorsport Games” or the “Company”) today reported financial results for its third quarter ended September 30, 2022 (“Q3 2022”). The Company has also posted to the Company’s investor relations website a Q3 2022 Quarter End Review video and a Q3 2022 earnings slide deck, which highlight certain key milestones that occurred in the period, as well as an updated Investor Presentation. Dmitry Kozko, Chief Executive Officer of Motorsport Games, commented, “During Q3 2022, Motorsport Games announced our official game of the 2022 NASCAR Cup Series season for Nintendo Switch, NASCAR Rivals. Launched in October, NASCAR Rivals helps fans take the competition...

Nouveau Monde Announces Grant of Stock Options

Written by Customer Service on November 18, 2022. Posted in Public Companies.

MONTREAL, Nov. 18, 2022 (GLOBE NEWSWIRE) — Nouveau Monde Graphite Inc. (“Nouveau Monde” or the “Company”) (NYSE: NMG, TSXV: NOU) announces the grant of 50,000 stock options to an officer. These stock options are granted in accordance with the terms of the stock option plan of the Company. Each option entitles the holder thereof to purchase one common share of the Company at a price of $6.48 per common share for a period expiring on November 13, 2027. These options shall vest in four equal installments every three months following the grant date. About Nouveau Monde Nouveau Monde is striving to become a key contributor to the sustainable energy revolution. The Company is working towards developing a fully integrated source of carbon-neutral battery anode material in Québec, Canada for the growing lithium-ion and fuel cell markets....

Day: November 18, 2022

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