Dynamic Technologies Announces Proposed Transaction And Provides Update

Written by Customer Service on June 13, 2023. Posted in Public Companies.

WINNIPEG, Manitoba, June 13, 2023 (GLOBE NEWSWIRE) — Dynamic Technologies Group Inc. (NEX: DTG.H, OTC:ERILF) (“Dynamic”, “DTGI” or “Company”) announces that on June 23, 2023 at 2:00 p.m. it intends to seek approval from the Court of King’s Bench of Alberta (the “Court”) under the Companies’ Creditors Arrangement Act (Canada) (the “CCAA”) for an approval and reverse vesting order and a sale approval and vesting order (collectively, the “Court Order”) to implement the Transaction (described below) involving Dynamic and its subsidiaries, Dynamic Attractions Ltd., Dynamic Entertainment Group Ltd., Dynamic Structures Ltd. and Dynamic Attractions Inc. (“Subsidiaries”). The TransactionDynamic and its Subsidiaries intend to complete a transaction (the “Transaction”) pursuant to which, among other things: (i) a newly formed Canadian subsidiary...

Surge Copper Announces Maiden Berg PEA: C$2.1 billion NPV8% and 20% IRR

Written by Customer Service on June 13, 2023. Posted in Public Companies.

Large-scale, long-life, stand-alone greenfield development project with simple design and high outputs of critical minerals located in a safe jurisdiction with world-class infrastructure Base case after-tax NPV8% of C$2.1 billion and IRR of 20% based on long-term commodity price assumptions of US$4.00/lb copper, US$15.00/lb molybdenum, US$23/oz silver, and US$1,800/oz gold plus foreign exchange of 0.77 USDCAD 30-year mine life with total payable production of 5.8 billion pounds (2.6 million tonnes) of copper equivalent (CuEq)1, including 3.7 billion pounds (1.7 million tonnes) of copper Updated mineral resource estimate includes combined Measured & Indicated resource of 1.0 billion tonnes grading 0.23% copper, 0.03% molybdenum, 4.6 g/t silver, and 0.02 g/t gold, containing 5.1 billion pounds of copper, 633 million pounds of molybdenum,...

Brunswick Corporation Experiences IT Security Incident

Written by Customer Service on June 13, 2023. Posted in Public Companies.

METTAWA, Ill., June 13, 2023 (GLOBE NEWSWIRE) — Brunswick Corporation (NYSE: BC) recently experienced an IT security incident that has impacted some of its systems and global facilities. The Company has activated its response protocols, which include pausing operations in some locations, engaging leading security experts and coordinating with relevant law enforcement agencies. Brunswick is working to address the incident in order to restore the full functionality of the affected systems and minimize business, employee, and customer impacts. About Brunswick Brunswick Corporation (NYSE: BC) is the global leader in marine recreation, delivering innovation that transforms experiences on the water and beyond. Our unique, technology-driven solutions are informed and inspired by deep consumer insights and powered by our belief that “Next...

CVR Energy Provides Update to Potential Spin-Off of its Fertilizer Business, Remains Focused on Renewables Opportunities

Written by Customer Service on June 13, 2023. Posted in Public Companies.

SUGAR LAND, Texas, June 13, 2023 (GLOBE NEWSWIRE) — CVR Energy, Inc. (NYSE: CVI) (“CVR Energy”) announced today that it has concluded its previously announced exploration of a potential spin-off of its interests in its nitrogen fertilizer business, which is indirectly owned by CVR Energy through the general and limited partner interests it holds in CVR Partners, LP, a publicly traded limited partnership (“CVR Partners”), and its board of directors (the “Board”) has determined not to pursue the potential spin-off at this time. The decision to retain CVR Energy’s interests in its nitrogen fertilizer business at this time was made following a thorough review by the Board of the potential transaction and current market conditions and in consideration of the best interests of CVR Energy and its stockholders. “Included within our exploration...

Oak Ridge Financial Services, Inc. Named to American Banker’s Top 200 Publicly Traded Banks Under $2 Billion in Assets

Written by Customer Service on June 13, 2023. Posted in Public Companies.

OAK RIDGE, N.C., June 13, 2023 (GLOBE NEWSWIRE) — Oak Ridge Financial Services, Inc. (“Oak Ridge”; the “Company”) (OTCPink: BKOR), the parent company of Bank of Oak Ridge (the “Bank”), has been recognized as one of American Banker’s Top 200 Publicly Traded Banks Under $2 Billion in Assets in the U.S. for the seventh consecutive year. The rankings are based on three-year return on average equity (ROAE) for 2020 to 2022. Many investors use ROAE to analyze business performance and shareholder return. Oak Ridge’s three-year average ROAE for 2020-2022 was 12.36%, and its ROAE for the year ended December 31, 2022 was 13.09%. “It is an incredible honor to be ranked amongst American Banker’s Top 200 Publicly Traded Banks for the seventh year in a row,” said Tom Wayne, Chief Executive Officer and Chief Financial Officer. “We are proud of...

HUB Security Receives Nasdaq Notification Regarding Minimum Bid Price Requirement

Written by Customer Service on June 13, 2023. Posted in Public Companies.

TEL AVIV, Israel, June 13, 2023 (GLOBE NEWSWIRE) — HUB Security Ltd (Nasdaq: HUBC), a developer of Confidential Computing cybersecurity solutions and services (“HUB Security” or the “Company”), received a notification on June 9, 2023 from The Nasdaq Stock Market (“Nasdaq”) notifying the Company that it is no longer in compliance with Nasdaq Listing Rule 5450(a)(1), because for the past 30 consecutive business days preceding the date of the notification (“Notice”), the bid price per share of the Company’s ordinary shares, no par value (“Ordinary Shares”) had closed below the $1.00 per share minimum bid price required for continued listing on Nasdaq (the “Minimum Bid Price Requirement”). The Notice has no immediate effect on the listing of the Company’s Ordinary Shares, and the Company’s Ordinary Shares continue...

Treace Medical Completes Acquisition of Technology Enabling Patient Specific Instrumentation and Reports on Clinical Cases Using PSI with the Lapiplasty® System

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

PONTE VEDRA, Fla., June 13, 2023 (GLOBE NEWSWIRE) — Treace Medical Concepts, Inc. (“Treace” or the “Company”) (NasdaqGS: TMCI), a medical technology company driving a fundamental shift in the surgical treatment of hallux valgus (commonly known as bunions), today announced that it has completed its previously announced acquisition of certain assets from MIOS Marketing, LLC d/b/a RedPoint Medical3D (“RPM-3D”), a medical technology company offering pre-operative planning and patient-specific instrumentation (PSI) guides, designed to deliver accurate surgical correction of deformities, tailored to the patient’s unique foot anatomy. “We are excited to add FDA-cleared PSI technologies and capabilities to our portfolio, building upon our pioneering 3D bunion correction and related midfoot solutions,” said John T. Treace, CEO, Founder...

Seneca Foods Reports Sales and Earnings for the Quarter and Twelve Months Ended March 31, 2023

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

FAIRPORT, N.Y., June 13, 2023 (GLOBE NEWSWIRE) — Seneca Foods Corporation (NASDAQ: SENEA, SENEB) today announced financial results for the fourth quarter and twelve months ended March 31, 2023. Executive Summary (vs. year-ago, year-to-date results): Net sales for the twelve months ended March 31, 2023 totaled $1,509.4 million compared to $1,385.3 million for the twelve months ended March 31, 2022. The year-over-year increase of $124.1 million was mainly due to higher selling prices partially offset by lower sales volumes. Gross margin as a percentage of net sales for the twelve months ended March 31, 2023 was 9.0% as compared to 10.7% in the prior year. The year-over-year decrease is mainly due to a $64.2 million increase in the LIFO charge. “Seneca Foods had an excellent fiscal 2023, delivering record sales and FIFO EBITDA,...

Major Drilling Announces Fourth Quarter and Fiscal Year 2023 Results, Annual Net Earnings up 40%

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

MONCTON, New Brunswick, June 13, 2023 (GLOBE NEWSWIRE) — Major Drilling Group International Inc. (“Major Drilling” or the “Company”) (TSX: MDI), a leading provider of specialized drilling services to the mining sector, today reported results for the fourth quarter and fiscal year 2023, ended April 30, 2023. Fiscal 2023 Highlights Revenue of $735.7 million, an increase of 13.1% over the prior year. EBITDA(1) of $144.2 million (or $1.74 per share), up from $114.1 million last year. Net earnings of $74.9 million (or $0.90 per share), up 40% from last year. Net cash(1) grew by $60.9 million during the year to $59.3 million. Achieved new milestone of 9.4 million Lost Time Injury (“LTI”) free hours and an LTI Rate of 0.05, a new record in the Company’s history. Q4 2023 Highlights Revenue of $185.0 million, a decrease of 2.6% over...

Rafael Holdings Reports Third Quarter Fiscal 2023 Financial Results and Provides Business Update

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

Since the end of the third quarter, we made an initial $2.1 million investment in Cyclo Therapeutics, Inc. (Nasdaq: CYTH) and have an agreement to increase our investment by $5 million NEWARK, N.J., June 13, 2023 (GLOBE NEWSWIRE) — Rafael Holdings, Inc. (NYSE: RFL) today reported its financial results for the third quarter of fiscal 2023 for the three months ended April 30, 2023, as well as the nine months ended April 30, 2023. “We continue to seek to expand our portfolio through strategic investments in companies with near term value inflection points which have the potential to generate value for our stockholders. We believe that the current dislocation in the capital markets makes this a particularly opportune time,” said Bill Conkling, CEO of Rafael Holdings. “In May and June, we made an initial investment and entered into...

Day: June 13, 2023

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Cookie Notice