Day: December 16, 2022

Mogul Energy International, Inc. Completes Acquisition with Companies in the Transportation Sector

Mogul Energy International, Inc. Completes Acquisition with Companies in the Transportation Sector

Miami, Florida, Dec. 16, 2022 (GLOBE NEWSWIRE) — Mogul Energy International, Inc. (OTC: MGUY) today announced its acquisition of the “FLORA” group of companies (Florida Beauty Flora, Inc, Florida Beauty Express, Inc, Floral Logistics of California, Inc. and Tempest Transportation, Inc.). FLORA provides refrigerated trucking and logistics services to companies in floral, plant, food, and other industries that require specialization in time-sensitive, temperature control segments of the supply chain. Upon the acquisition of Flora, Ronen Koubi, CEO and president of the Flora companies, became the CEO, president, and a director of MGUY. Dr. Steven Siegel, formerly CEO, President and director of MGUY has resigned. Florida Beauty Flora was established in the mid-1980s and now along with the other Flora companies consist of floral transportation,...

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ArrowMark Financial Corp. Announces Special Distribution of $0.10 and Regular Cash Distribution of $0.39 per Share for Fourth Quarter 2022

ArrowMark Financial Corp. Announces Special Distribution of $0.10 and Regular Cash Distribution of $0.39 per Share for Fourth Quarter 2022

DENVER, Dec. 16, 2022 (GLOBE NEWSWIRE) — ArrowMark Financial Corp. (Nasdaq: BANX) (“ArrowMark Financial” or the “Company”), an SEC registered closed-end management investment company, today announced that its Board of Directors has declared a special cash distribution of $0.10 per share generated from excess income, and a regular cash distribution of $0.39 per share for the fourth quarter 2022. The total distribution of $0.49 per share will be payable on January 5, 2023 to shareholders of record on December 29, 2022. “This special distribution reflects the Company’s relatively stable Net Asset Value and its ability to generate income in excess of our regular quarterly dividends during 2022. It also reflects our continued commitment to creating long-term value for our shareholders,” said Sanjai Bhonsle, Chairman...

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Taysha Gene Therapies Announces Executive Leadership Changes

Taysha Gene Therapies Announces Executive Leadership Changes

Chair of the Board of Directors, Sean P. Nolan, appointed Chief Executive Officer Board Director, Sukumar Nagendran, M.D., appointed President and Head of R&D DALLAS, Dec. 16, 2022 (GLOBE NEWSWIRE) — Taysha Gene Therapies, Inc. (Nasdaq: TSHA), a patient-centric, pivotal-stage gene therapy company focused on developing and commercializing AAV-based gene therapies for the treatment of monogenic diseases of the central nervous system (CNS) in both rare and large patient populations, today announced executive leadership changes effective immediately. Taysha’s Chair of the Board of Directors, Sean P. Nolan, a highly experienced biopharmaceutical industry senior leader, has been appointed Chief Executive Officer, succeeding RA Session II, who has resigned from his operating role, but will continue to serve on the Company’s Board...

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Ingredion Incorporated Declares Quarterly Dividend of $0.71 Per Share

Ingredion Incorporated Declares Quarterly Dividend of $0.71 Per Share

WESTCHESTER, Ill., Dec. 16, 2022 (GLOBE NEWSWIRE) — Today, the board of directors of Ingredion Incorporated (NYSE: INGR) declared a quarterly dividend of $0.71 per share on the Company’s common stock. The dividend is payable on January 24, 2023, to stockholders of record at the close of business on January 2, 2023. About the CompanyIngredion Incorporated (NYSE: INGR) headquartered in the suburbs of Chicago, is a leading global ingredient solutions provider serving customers in more than 120 countries. With 2021 annual net sales of nearly $7 billion, the Company turns grains, fruits, vegetables and other plant-based materials into value-added ingredient solutions for the food, beverage, animal nutrition, brewing and industrial markets. With Ingredion Idea Labs® innovation centers around the world and approximately 12,000 employees,...

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Daily Journal Corporation Announces Financial Results for Fiscal Year ended September 30, 2022

Daily Journal Corporation Announces Financial Results for Fiscal Year ended September 30, 2022

     LOS ANGELES, Dec. 16, 2022 (GLOBE NEWSWIRE) — During fiscal 2022, Daily Journal Corporation (NASDAQ:DJCO) had consolidated revenues of $54,009,000 as compared with $49,925,000 in the prior year. This increase of $4,084,000 was primarily from increases in Journal Technologies’ consulting fees of $5,546,000 and the Traditional Business’ advertising revenues of $420,000 and advertising service fees and other of $253,000, partially offset by decreases in (i) Journal Technologies’ license and maintenance fees of $1,852,000 and other public service fees of $101,000, and (ii) the Traditional Business’ circulation revenues of $182,000.      The Traditional Business’ pretax income increased by $259,000 to $702,000 from $443,000 in the prior fiscal year, primarily resulting from a decrease to the long-term supplemental compensation...

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Ninepoint Partners Announces Estimated Annual 2022 Capital Gains Distributions for ETF Series Securities

Ninepoint Partners Announces Estimated Annual 2022 Capital Gains Distributions for ETF Series Securities

TORONTO, Dec. 16, 2022 (GLOBE NEWSWIRE) — Ninepoint Partners LP (“Ninepoint Partners”) today announced the estimated annual 2022 capital gains distributions for its ETF Series securities. Ninepoint Partners expects to announce the final year-end distribution amounts on or about December 21, 2022. The record date for the distributions is December 30, 2022 All distributions are payable on January 9, 2023. The per-unit estimated distributions are detailed below: Ninepoint ETF Series Ticker Estimated Notional CapitalGain Distribution per unit CUSIP Ninepoint Energy Fund NNRG $4.89 65443T203 NOTE: All estimates in this document do not incorporate forward looking information and are based on the accounting data as of November 1, 2022. Due to the market conditions, the actual year end allocable amount may differ from these estimates...

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Wesana Health Announces Receipt of Short-Term Loan

Wesana Health Announces Receipt of Short-Term Loan

CHICAGO and TORONTO, Dec. 16, 2022 (GLOBE NEWSWIRE) — Wesana Health Holdings Inc. (“Wesana” or the “Company”) (CSE: WESA; OTCQB: WSNAF), a data-driven life sciences company, today announced that Wesana Health Inc. (“WHI”), a subsidiary of the Company, has received an unsecured short-term loan in an aggregate principal amount of US$250,000 from an arm’s length lender (the “Loan”). The Loan will bear interest at a rate of 10% per annum, which interest will accrue and be payable upon maturity of the Loan. All principal and unpaid interest outstanding under the Loan will be due and payable nine months from the date of the Loan, provided that in certain circumstances such maturity date will be automatically extended to be one-year from the date of the Loan. The proceeds from the Loan are expected to be used by the Company for general...

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Euro Sun Announces Appointment of Ryan Ptolemy as New Chief Financial Officer

Euro Sun Announces Appointment of Ryan Ptolemy as New Chief Financial Officer

TORONTO, Dec. 16, 2022 (GLOBE NEWSWIRE) — Euro Sun Mining Inc. (TSX: ESM) (“Euro Sun” or the “Company”) is pleased to announce the appointment of Ryan Ptolemy as the newly appointed Chief Financial Officer of the Company effective immediately. Mr. Ptolemy will succeed Paul Bozoki following Mr. Bozoki’s resignation. Mr. Ptolemy is a CPA, CGA and CFA charter holder who also attained a Bachelor of Arts from Western University. Mr. Ptolemy serves as Chief Financial Officer to many public and private companies in the resource sector, particularly development-stage companies. Mr. Ptolemy formerly served as Chief Financial Officer for an independent investment dealer in Toronto where he was responsible for financial reporting, budgeting and the company’s internal controls. Management and the board of directors of the Company would like...

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Ero Copper Increases Revolving Credit Facility to $150 Million and Extends Maturity to December 2026

Ero Copper Increases Revolving Credit Facility to $150 Million and Extends Maturity to December 2026

(all amounts in US dollars, unless otherwise noted) VANCOUVER, British Columbia, Dec. 16, 2022 (GLOBE NEWSWIRE) — Ero Copper Corp. (TSX: ERO, NYSE: ERO) (“Ero” or the “Company”) is pleased to announce that it has amended its existing senior secured revolving credit facility (the “Amended Credit Facility”) to increase the aggregate commitments from $75 million to $150 million and extend the maturity from March 2025 to December 2026. The Amended Credit Facility will bear interest on a sliding scale of SOFR plus an applicable margin of 2.00% to 4.00% depending on the Company’s consolidated leverage ratio. Commitment fees for the undrawn portion of the Amended Credit Facility will also be based on a sliding scale ranging from 0.45% to 0.90%. The Amended Credit Facility is expected to close by December 23, 2022,...

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Hennessy Capital Investment Corp. V Announces Cancellation of Special Meeting of Stockholders and Liquidation

Hennessy Capital Investment Corp. V Announces Cancellation of Special Meeting of Stockholders and Liquidation

WILSON, Wyo., Dec. 16, 2022 (GLOBE NEWSWIRE) — Hennessy Capital Investment Corp. V (the “Company”) (Nasdaq: HCIC), announced today that it has canceled its special meeting of stockholders that was previously scheduled for 3:00 PM Eastern time on December 21, 2022, and that, due to its inability to complete an initial business combination within the time period required by its Amended and Restated Certificate of Incorporation, the Company intends to dissolve and liquidate, effective as of the close of business on December 21, 2022, and will redeem all of the outstanding shares of Class A common stock that were included in the units issued in its initial public offering (the “Public Shares”), at a per-share redemption price of approximately $10.06 (after taking into account the removal of a portion of the accrued interest in the...

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