Year: 2022

Savanna Announces Corporate Update and Provides Update on Qualifying Transaction

Written by Customer Service on November 9, 2022. Posted in Public Companies.

Not for distribution to United States newswire services or for release publication, distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States. TORONTO, Nov. 09, 2022 (GLOBE NEWSWIRE) — SAVANNA CAPITAL CORP. (“Savanna” or the “Company”) (TSX-V: SAC.P), a capital pool company as defined under Policy 2.4 – Capital Pool Companies (the “CPC Policy”) of the TSX Venture Exchange (the “Exchange”), provides an update to its press release dated March 4, 2022 (the “March Press Release”) whereby Savanna announced that it had entered into a definitive agreement dated March 1, 2022 (the “Definitive Agreement”) with 1000090242 Ontario Inc., a privately held corporation existing under the laws of the Province of Ontario (“San Luis ON”), relating to the proposed business combination (the “Proposed...

Huadi International Group Co., Ltd. Announces Closing of $25 Million Registered Direct Offering

Written by Customer Service on November 9, 2022. Posted in Public Companies.

BEIJING, Nov. 09, 2022 (GLOBE NEWSWIRE) — Huadi International Group Co., Ltd. (“HUDI” or the “Company”) (NASDAQ: HUDI), a leading developer and manufacturer of industrial stainless steel seamless pipes and tubes products in China, today announced the closing of its previously announced registered direct offering with two institutional investors, raising approximately US$25 million in gross proceeds, before deducting placement agent fees and other estimated offering expenses. The offering consists of the sale of 1 million ordinary shares in a registered direct offering, at a purchase price of $25.00 per ordinary share. The Company plans to use the net proceeds for general working capital. Univest Securities, LLC acted as the exclusive placement agent for this offering. The offering of the ordinary shares described above was made...

Ring Energy Announces Record Results for Third Quarter Of 2022

Written by Customer Service on November 9, 2022. Posted in Public Companies.

Closed Transformational Acquisition and Increased Production, Revenue, Net Income, Adjusted EBITDA and Free Cash FlowRing Energy Provides Operational Update, Revised Fourth Quarter Guidance & Initial Outlook for 2023 4Q 2022 GuidanceTHE WOODLANDS, Texas, Nov. 09, 2022 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today reported operational and financial results for the third quarter of 2022. In addition, Ring reiterated its fourth quarter guidance and preliminary outlook for 2023. Third quarter results include the impact from the acquisition (the “Stronghold Transaction”) of the assets of privately held Stronghold Energy II Operating, LLC and Stronghold Energy II Royalties, LP (collectively, “Stronghold”) for only the month of September 2022 following the closing of the transaction....

Brookfield Renewable Announces Participation in Proposal for Origin’s Energy Markets Business

Written by Customer Service on November 9, 2022. Posted in Mergers And Acquisitions.

BROOKFIELD, News, Nov. 09, 2022 (GLOBE NEWSWIRE) — Brookfield Renewable (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC) alongside MidOcean Energy (“MidOcean”), an LNG company formed and managed by EIG, (collectively, the “Consortium”) announced today that following the submission of a non-binding privatization proposal (the “Proposal”), that we have entered into an exclusivity agreement with Origin Energy Limited (“Origin”) to conduct due diligence to submit a binding proposal. Under the proposed transaction, Brookfield Renewable and its institutional partners would acquire Origin’s energy markets business, Australia’s largest integrated generation and retail company, and MidOcean would acquire Origin’s Integrated Gas division. The Consortium’s Proposal is at a price of A$9.00 per share which values Origin at an enterprise value of A$18.4...

Genco Shipping & Trading Limited Announces Third Quarter Financial Results

Written by Customer Service on November 9, 2022. Posted in Dividend Reports And Estimates.

Declares Dividend of $0.78 per share for Q3 2022 Represents a 56% Increase from Q2 2022 and the 13th Consecutive Quarterly Dividend NEW YORK, Nov. 09, 2022 (GLOBE NEWSWIRE) — Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today reported its financial results for the three months and nine months ended September 30, 2022. The following financial review discusses the results for the three months and nine months ended September 30, 2022 and September 30, 2021. Third Quarter 2022 and Year-to-Date HighlightsDeclared a $0.78 per share dividend for the third quarter of 2022, an increase of 56% compared to the second quarter of 2022Q3 2022 dividend represents an annualized yield of 21% on Genco’s closing...

EmployBridge Completes Acquisition of Bluecrew

Written by Customer Service on November 9, 2022. Posted in Mergers And Acquisitions.

ATLANTA, Nov. 09, 2022 (GLOBE NEWSWIRE) — EmployBridge, a leading provider of technology-enabled, light industrial workforce solutions in the United States, today announced it has completed the previously announced acquisition of Bluecrew, the first hourly W-2 workforce-as-a-service platform, from IAC (NASDAQ: IAC). The transaction brings together EmployBridge’s industry-leading offering and scale with Bluecrew’s digital-first model and technology to create a leading national workforce management platform. Under the terms of the agreement, IAC has received consideration in the form of cash and combined company stock, becoming a minority shareholder in the combined company, which is expected to generate over $4 billion of annual pro forma revenue. Apollo funds remain the combined company’s controlling shareholder. “We are pleased...

Robex Resources Inc – Transaction Close – November 9

Written by Customer Service on November 9, 2022. Posted in Mergers And Acquisitions.

QUEBEC CITY, Nov. 09, 2022 (GLOBE NEWSWIRE) — Robex Resources Inc. (“Robex“, “the Group” or “the Company“) (TSXV: RBX) is pleased to announce that all conditions precedent to the closing of the Transaction with Sycamore Mining Limited (“Sycamore”) (the “Transaction”) have been fulfilled. Previously announced on April 20, 2022, this Transaction takes effect today. Robex Resources now holds, directly and indirectly, all the issued and outstanding shares of Sycamore, owner of (i) the exploitation licenses pertaining to the Kiniero gold district located in Guinea and (ii) the exclusive rights approved by the authorities to obtain the full ownership of the adjacent Mansounia exploitation licences to the south (collectively, the “Kiniero Project”) subject to the satisfaction of the conditions precedent...

ECN Capital Reports US$0.05 in Adjusted Net Income per Common Share in Q3-2022

Written by Customer Service on November 9, 2022. Posted in Earnings Releases And Operating Results.

Consumer Demand Remains Resilient Results Across Businesses TORONTO, Nov. 09, 2022 (GLOBE NEWSWIRE) — ECN Capital Corp. (TSX: ECN) (“ECN Capital” or the “Company”) today reported financial results for the three-month period ended September 30, 2022. For the three-month period ended September 30, 2022, ECN Capital reported Adjusted net income applicable to common shareholders from continuing operations of $11.8 million or $0.05 per share (basic) versus $11.3 million or $0.05 per share (basic) for the previous three-month period and $3.5 million or $0.01 per share (basic) for the same period last year. “Q3 was another solid quarter with resilient demand from end consumers across both manufactured housing and marine & RV”, said Steven Hudson, CEO of ECN Capital Corp. “Manufactured housing is the solution for the housing affordability...

ArrowMark Financial Corp. Reports Third Quarter 2022 Results

Written by Customer Service on November 9, 2022. Posted in Earnings Releases And Operating Results.

DENVER, Nov. 09, 2022 (GLOBE NEWSWIRE) — ArrowMark Financial Corp. (Nasdaq: BANX) (“ArrowMark Financial” or the “Company”), an investment company registered with the Securities and Exchange Commission (“SEC”), today announced results for the third fiscal quarter ended September 30, 2022. Third Quarter 2022 Investment Highlights:Invested approximately $17.9 million in four investments Realized proceeds of approximately $10.4 million from the sale of three investments Realized proceeds from partial paydowns of $4.5 million from seven investmentsA complete listing of investments as of the end of the quarter can be found on the Company’s website at ir.arrowmarkfinancialcorp.com, under SEC filings. The estimated annualized yield generated by the invested portfolio as of September 30, 2022 (excluding cash and cash equivalents) was...

Montauk Renewables Announces Third Quarter 2022 Results

Written by Customer Service on November 9, 2022. Posted in Earnings Releases And Operating Results.

PITTSBURGH, Nov. 09, 2022 (GLOBE NEWSWIRE) — Montauk Renewables, Inc. (“Montauk” or “the Company”) (NASDAQ: MNTK), a renewable energy company specializing in the management, recovery and conversion of biogas into renewable natural gas (“RNG”), today announced financial results for the third quarter ended September 30, 2022. Third Quarter Financial Highlights:Revenues of $55.9 million, increased 40.5% as compared to the third quarter of 2021 Net Income of $11.2 million, increased 25.7% as compared to the third quarter of 2021 Non-GAAP Adjusted EBITDA of $20.9 million, increased 62.7% as compared to the third quarter of 2021 RNG production of 1.4 million MMBtu, decreased 4.8% as compared to the third quarter of 2021Montauk’s third quarter revenue reflects an increase in pricing of both gas commodity and the average realized price...

Year: 2022

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