Year: 2022
Purpose Investments Inc. Announces 2022 Estimated Annual Income and Capital Gains Distributions
TORONTO, Nov. 18, 2022 (GLOBE NEWSWIRE) — Purpose Investments Inc. (“Purpose”) today announced the estimated annual distributions of income and capital gains for its open-end exchange-traded funds and closed-end funds (the “Funds”) for the 2022 tax year. The estimated distributions represent estimated income and capital gains realized by the Funds during the year.
Please note that these are estimated amounts only as of November 18, 2022. However, circumstances may arise which would cause these estimates to change before the Funds’ tax year-end on December 15, 2022, or December 31, 2022, as applicable.
Estimated Annual Capital Gain Distributions
Details of the per unit estimated distribution amounts are as follows:Big Banc Split Corp.
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Exchange
Estimated AnnualCapital GainsDistribution Per UnitBig Banc Split Corp...
Aura Minerals Files the Feasibility Study Technical Report for the Matupá Gold Project
ROAD TOWN, British Virgin Islands, Nov. 18, 2022 (GLOBE NEWSWIRE) — Aura Minerals Inc. (TSX: ORA, B3: AURA33) (“Aura” or the “Company”) is pleased to announce that it has filed the technical report for the Company’s Matupá Gold Project. The report is titled “Feasibility Study Technical Report (NI 43-101) for the Matupá Gold Project” (the “Technical Report”) and is compliant with National Instrument 43-101 Standards of Disclosure for Mineral Projects. The report has been filed under the Company’s profile on SEDAR at www.sedar.com.
As announced in a press release on October 5, 2022, the Matupá Gold Project will be an open pit mine. The Matupá Gold Project is situated in the Alta Floresta Province, a prolific region with large companies operating and exploring in the area, such as Anglo American, Codelco, Nexa Resources, IAMGOLD and...
Clear Sky Initiates Extraction and Processing Test Work
–Bench scale test work specifically designed for claystone lithium
VANCOUVER, British Columbia, Nov. 18, 2022 (GLOBE NEWSWIRE) — Clear Sky Lithium Corp. (CSE: POWR) (FRA: K4A / WKN: A3DM2W) (“Clear Sky” or the “Company”), a mineral exploration and development company focused on American lithium deposits to support domestic demand, is pleased to announce that it has shipped material to initiate bench scale test work with MDS Technical Corp (“MDS”) for the extraction and process testing of lithium from claystone.
Building on the field sample program announced August 26, titled Clear Sky Lithium Reports 1,023ppm Li Grab Sample, and, as part of the ongoing field work plan, bulk sampling was conducted at key locations on the ELi and Halo properties. These materials have now been prepared and select samples are in transit to MDS...
A.I.S. Resources Announces Loan Extensions
VANCOUVER, British Columbia, Nov. 18, 2022 (GLOBE NEWSWIRE) — A.I.S. Resources Limited (TSX.V: AIS, OTCQB: AISSF) (the “Company” or “AIS”) announces that it has agreed in principle with two arms-length lenders to extend by five months the term of the lenders’ loans to the Company.
The Company entered into loan agreements with the arms-length lenders in November, 2021 for loans in the aggregate amount of $250,000, maturing one year from the date of the respective loan agreements. The loans bore interest at the rate of 6% per annum. An aggregate of 3,000,000 common share purchase warrants were issued in connection with the loans, expiring concurrently with the term of the loans.
The lenders have agreed to extend the term of their respective loans for a period of five months, at an interest rate of 9.5% per annum.
In consideration...
First Commonwealth Financial Corporation Receives Regulatory Approval for Centric Financial Corporation Merger
INDIANA, Pa., Nov. 18, 2022 (GLOBE NEWSWIRE) — First Commonwealth Financial Corporation (NYSE: FCF) (“First Commonwealth”) today announced that it has received all regulatory approvals required to complete the previously announced merger of Centric Financial Corporation (“Centric”) with and into First Commonwealth and the merger of Centric Bank with and into First Commonwealth Bank.
The Federal Deposit Insurance Corporation has approved the merger of Centric Bank with and into First Commonwealth Bank, and the Pennsylvania Department of Banking and Securities has approved the merger of Centric with and into First Commonwealth and the merger of the subsidiary banks. In addition, the Federal Reserve Bank of Cleveland has granted First Commonwealth a waiver of its merger application requirements.
The completion of the merger remains...
Green light from US Treasury for VEON Ltd. Equity trading
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
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
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 HighlightsRecurring 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
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...
