Arctic Canadian Diamond Company Limited, including Ekati Diamond Mine, to be sold to Burgundy Diamond Mines Limited

Written by Customer Service on March 13, 2023. Posted in Mergers And Acquisitions.

Ekati Diamond mine arial Ekati Diamond Mine in Northwest Territories CALGARY, Alberta, March 13, 2023 (GLOBE NEWSWIRE) — Arctic Canadian Diamond Company Ltd. has entered into a binding share purchase agreement with Burgundy Diamond Mines Limited, a company publicly traded in Australia (ASX:BDM). Burgundy has agreed to acquire 100 per cent of Arctic Canadian’s assets, most notably Ekati Diamond Mine in Canada’s Northwest Territories, as well as other interests for consideration of approximately USD$136 million. The proposed transaction is subject to financing as well as the approval of Burgundy’s shareholders which is expected in late April 2023. Ekati Diamond Mine has been in operation for close to 25 years during which time it has delivered significant positive socio-economic benefits to the North. The sale announced today will...

Inter&Co, Inc Reports Fourth Quarter and Full Year 2022 Financial Results

Written by Customer Service on March 13, 2023. Posted in Earnings Releases And Operating Results.

BELO HORIZONTE-MG, Brazil, March 13, 2023 (GLOBE NEWSWIRE) — Inter&Co, Inc (NASDAQ: INTR | B3:INBR32), the holding company of Inter Group, which offers the premier Super App providing financial and digital commerce services to more than 25 million customers, today reported financial results for its fourth quarter ended December 31, 2022 and full year 2022. The full earnings release has been made available on the Company’s Investor Relations website at ri.bancointer.com.br. João Vitor Menin, CEO of Inter&Co. stated: “2022 was an incredible year for us at Inter&Co., with several accomplishments that have propelled us forward and positioned us for greater success, including reaching a record-breaking 8.3 million net new clients, taking our total to 25 million clients. We are excited to build on the momentum of the past...

Cardinal Energy Ltd. Announces Fourth Quarter 2022 and Year-End Financial Results

Written by Customer Service on March 13, 2023. Posted in Earnings Releases And Operating Results.

CALGARY, Alberta, March 13, 2023 (GLOBE NEWSWIRE) — Cardinal Energy Ltd. (“Cardinal” or the “Company”) (TSX: CJ) is pleased to announce its operating and financial results for the fourth quarter and year ended December 31, 2022. HIGHLIGHTS FROM THE FOURTH QUARTER AND FULL YEAR OF 2022 Reduced net debt(1) by $115.5 million in 2022, a 65% reduction over year-end 2021 which reduces corporate risk and increases Cardinal’s sustainability; Reinstated our monthly dividend in 2022 and subsequently increased it to $0.06 per share per month in the fourth quarter providing shareholders with direct returns. In addition, we repurchased and cancelled 3.7 million common shares with our normal course issuer bid (“NCIB”) in 2022; Expanded our development drilling inventory with the addition of over 90...

Labrador Uranium Announces Transformational Acquisition of the Angilak Property, Creating a Premier Canadian Uranium Company

Written by Customer Service on March 13, 2023. Posted in Mergers And Acquisitions.

Announces Concurrent Private Placement Figure 1: The Angilak Property in Nunavut Territory, Canada Figure 2: Angilak Long Section TORONTO, March 13, 2023 (GLOBE NEWSWIRE) — Labrador Uranium Inc. (“Labrador Uranium”, “LUR” or the “Company”) (CSE: LUR, OTCQB: LURAF, FRA: EI1) is pleased to announce that today it entered into an arm’s length definitive agreement (the “Arrangement Agreement”) with ValOre Metals Corp. (“ValOre”) pursuant to which LUR will acquire ValOre’s Angilak Property located in Nunavut Territory, Canada (the “Angilak Property”), all by way of a court-approved plan of arrangement (the “Arrangement”). LUR is also pleased to announce that Mr. John Jentz is expected to join LUR as Chief Executive Officer and Director of the Company, and that two additional Directors appointed by ValOre, including Jim Paterson,...

Titanium Transportation Group Reports Strong FY 2022 Financial Results

Written by Customer Service on March 13, 2023. Posted in Earnings Releases And Operating Results.

Revenue up 24% to Record $496 million and Adjusted EBITDA up 94% to $60.8 millionEarnings Per Share More than Quadruples from 12 cents per share to 55 cents per share BOLTON, Ontario, March 13, 2023 (GLOBE NEWSWIRE) — Titanium Transportation Group Inc. (“Titanium” or the “Company”) (TSX:TTNM, OTCQX:TTNMF), a leading provider of transportation and logistics services throughout North America, is pleased to report its financial results for the three-month and fiscal year ended December 31, 2022. All amounts are in Canadian currency. Q4/FY 2022 Financial Highlights Total net income per share was $0.55, fully diluted for FY 2022, compared with $0.12 per share in FY 2021—a 358.3% improvement. Consolidated adjusted EBITDA(1) rose to $14.9 million – or 69.8% — in Q4 2022 compared to Q4 2021. Adjusted EBITDA...

Waldencast plc Announces Binding Letter of Intent to Acquire 60% of its Southeast Asia Distributor

Written by Customer Service on March 13, 2023. Posted in Mergers And Acquisitions.

Acquisition to Accelerate Strategic Growth in a Key Skincare Market Company Moves Fourth Quarter Fiscal 2022 Earnings Call to April 26, 2023 NEW YORK, March 13, 2023 (GLOBE NEWSWIRE) — Waldencast plc, (NASDAQ: WALD) (“Waldencast”), a global multi-brand beauty and wellness platform, announced today that it signed a binding letter of intent to acquire a 60% controlling interest in a newly formed entity to be comprised of the business of its Southeast Asia (SEA) distributor. The letter of intent is binding upon the SEA distributor, but Waldencast’s obligations are subject to the satisfaction of certain conditions. Assuming the satisfactory completion of its due diligence and negotiation of definitive agreements, Waldencast expects to close the transaction in the coming weeks. This transaction will further accelerate Waldencast’s growth...

Fanhua Reports Fourth Quarter and Fiscal Year 2022 Unaudited Financial Results

Written by Customer Service on March 13, 2023. Posted in Earnings Releases And Operating Results.

— Net Income Attributable to Shareholders for the Fourth Quarter of 2022 up 545.0% YoY — GUANGZHOU, China, March 13, 2023 (GLOBE NEWSWIRE) — Fanhua Inc. (Nasdaq: FANH) (the “Company” or “Fanhua”), a leading independent financial services provider in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 20221. Financial Highlights for the Fourth Quarter of 2022: (In thousands, except per ADS) 2021Q4 (RMB) 2022Q4 (RMB) 2022Q4(US$) Change % Total net revenues 802,629 767,365 111,258 (4.4 ) Operating income 82,336 84,893 12,309 3.1 Impairment on investment in an affiliate (29,316 ) — — N/A Net income attributable to the Company’s shareholders 10,949 70,616 10,239 545.0 Non-GAAP net income attributable to the Company’s...

Dorel Reports Fourth Quarter and 2022 Year-End Results

Written by Customer Service on March 13, 2023. Posted in Earnings Releases And Operating Results.

Lower U.S. sales the main cause of lower earnings in both segments Dorel Juvenile revenues increase in other markets Cost environment continuing to improve MONTREAL, March 13, 2023 (GLOBE NEWSWIRE) — Dorel Industries Inc. (TSX: DII.B, DII.A) today announced results for the fourth quarter and year ended December 30, 2022. Fourth quarter revenue from continuing operations was US$340.3 million, down 21.8%, from US$435.3 million a year ago. Reported net loss from continuing operations for the quarter was US$41.4 million or US$1.27 per diluted share compared to US$29.6 million or US$0.91 per diluted share a year ago. Adjusted net loss1 from continuing operations was US$39.8 million or US$1.22 per diluted share compared to US$12.0 million or US$0.37 per diluted share in the fourth quarter a year ago. Revenue for the full year...

Westport Reports Fourth Quarter and Full Year 2022 Results

Written by Customer Service on March 13, 2023. Posted in Earnings Releases And Operating Results.

VANCOUVER, British Columbia, March 13, 2023 (GLOBE NEWSWIRE) — Westport Fuel Systems Inc. (“Westport”) (TSX:WPRT / Nasdaq:WPRT) today reported financial results for the fourth quarter and year ended December 31, 2022 and provided an update on operations. All figures are in U.S. dollars unless otherwise stated. Highlights Revenue of $305.7 million for 2022 and $78.0 million for the fourth quarter, down slightly over comparable periods in 2021 due to the weakening of the Euro against the U.S dollar. Net loss of $(32.7) million or $(0.19) per share, compared to net income of $13.7 million in the prior year. For the fourth quarter 2022 net loss was $(16.9) million. Adjusted EBITDA1 of $(27.8) million, compared to $17.5 million in the prior year. Adjusted EBITDA for the fourth quarter was $(12.9) million. Cash and cash equivalents...

AMREP Reports Third Quarter Fiscal 2023 Results

Written by Customer Service on March 13, 2023. Posted in Earnings Releases And Operating Results.

HAVERTOWN, Pa., March 13, 2023 (GLOBE NEWSWIRE) — AMREP Corporation (NYSE:AXR) today reported net income of $16,574,000, or $3.12 per diluted share, for its 2023 fiscal third quarter ended January 31, 2023 compared to net income of $910,000, or $0.12 per diluted share, for the same period of the prior year. For the first nine months of 2023, AMREP had net income of $22,107,000, or $4.17 per diluted share, compared to net income of $5,873,000, or $0.80 per diluted share, for the same period of 2022. Revenues were $9,117,000 and $35,975,000 for the third quarter and first nine months of 2023 and $9,391,000 and $35,404,000 for the third quarter and first nine months of 2022. During the third quarter of 2023, AMREP recognized a non-cash pre-tax pension settlement expense of $2,336,000 as a result of its defined benefit pension plan...

Day: March 13, 2023

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