Month: June 2023

BROOKFIELD, News, June 13, 2023 (GLOBE NEWSWIRE) — Brookfield Business Corporation (the “Corporation”) (NYSE, TSX: BBUC) today announced that all nine nominees proposed for election to the board of directors of the Corporation by holders of class A exchangeable subordinate voting shares (“Exchangeable Shares”) and holders of class B multiple voting shares (“Class B Shares”) were elected at the Corporation’s annual general meeting of shareholders held on June 13, 2023 in a virtual meeting format. Detailed results of the vote for the election of directors are set out below. In accordance with the Corporation’s articles, each Exchangeable Share was entitled to one vote per share, representing a 25% voting interest in the Corporation in the aggregate, and the Class B Shares were entitled to a total of 218,865,171 votes in the aggregate,...

ROCKVILLE, Md., June 13, 2023 (GLOBE NEWSWIRE) — Capital Bank is delighted to announce the appointment of Jennings “Jay” Walker as the new Chief Financial Officer (CFO) for Capital Bancorp, Inc. and Capital Bank, N.A. With an impressive background in accounting, corporate finance and strategy, Jay will officially join the organization on June 26, 2023, reporting directly to Ed Barry, the CEO. Jay brings a wealth of experience, having held key positions during his 12+ years at Seacoast Bank, a leading Florida headquartered public bank with assets exceeding $10 billion. Previously serving as EVP, Treasurer and Head of Corporate Strategy, he played a pivotal role in driving organic growth and helping lead several strategic mergers and acquisitions (M&A). Jay’s experience also includes managing interest rate and liquidity...

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...

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 infrastructureBase 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,...

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...

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, 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...

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...