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Month: June 2023

Clairvest Reports Fiscal 2023 Fourth Quarter and Year End Results

TORONTO, June 26, 2023 (GLOBE NEWSWIRE) — Clairvest Group Inc. (TSX: CVG) today reported results for the fourth quarter and year ended March 31, 2023 and events which occurred subsequent to year end. (All figures are in Canadian dollars unless otherwise stated) HighlightsMarch 31, 2023 book value was $1,217.7 million or $81.05 per share compared with $1,231.6 million or $81.97 per share as at December 31, 2022 and $1,179.1 million or $78.33 per share as at March 31, 2022 Net income for fiscal 2023 was $52.4 million or $3.48 per share, net loss for the fourth quarter was $13.8 million or $0.92 per share as the fair value of certain investments declined Clairvest and Clairvest Equity Partners VI (“CEP VI”) invested in two new platforms: Boca Biolistics, our second investment in the life sciences space, and Bluetree Dental, our...

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AutoZone Announces Leadership Transition Plan

William C. Rhodes, III, to Transition from Chairman, President and Chief Executive Officer to Executive Chairman Effective January 2024; Philip B. Daniele, III, Executive Vice President of Merchandising, Marketing and Supply Chain is additionally named Chief Executive Officer – Elect MEMPHIS, Tenn., June 26, 2023 (GLOBE NEWSWIRE) — AutoZone (NYSE: AZO) today announced Bill Rhodes’ decision to relinquish his positions as President and Chief Executive Officer (CEO) effective January 2024. He will become Executive Chairman of the Board. Philip B. Daniele, III, age 54, a 29-year AutoZoner and currently Executive Vice President Merchandising, Marketing and Supply Chain, has been selected to succeed Rhodes as CEO in January 2024 and he will also become a member of the Board of Directors. “On behalf of the Board of Directors, I...

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Andes Technology Unveils the Annual Andes RISC-V CON, Scheduled for June 27th at the San Jose Airport DoubleTree Hotel

RISC-V: Redefining AI’s Future in Automotive, Data Center, Communications, and IoT San Jose, June 26, 2023 (GLOBE NEWSWIRE) — Andes Technology Corporation (TWSE: 6533; SIN: US03420C2089; ISIN: US03420C1099), a leading supplier of high efficiency, low-power 32/64-bit RISC-V processor cores and Founding Premier member of RISC-V International, announces its annual Andes RISC-V CON on June 27th at the San Jose Airport DoubleTree Hotel. In 2023, the reputable conference in the RISC-V field will focus on the theme of “RISC-V: Redefining AI’s Future in Automotive, Data Center, Communications, and IoT.” The event serves as a nexus for eminent experts, accomplished researchers, and prominent industry leaders to engage in insightful discussions regarding the latest breakthroughs in RISC-V, and the total number of...

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Minerals Technologies Inc. Announces Plan to Exit Talc Business

NEW YORK, June 26, 2023 (GLOBE NEWSWIRE) — Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today announced that its subsidiary, Barretts Minerals Inc. (“BMI”), will exit the talc business. This decision comes at the conclusion of a strategic review of the BMI business, including a thorough evaluation of its fit with the Company’s long-term priorities amidst the backdrop of a talc-related litigation environment. In 2022, BMI’s talc net sales were approximately $57 million and represented 2.7 percent of the Company’s consolidated revenue. To facilitate this decision, BMI is now exploring structural alternatives, including a potential sale of talc assets, and has engaged Jefferies LLC to manage the divestment process. BMI has active mine sites and claims in Montana and manufacturing facilities in Montana and Texas....

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Northann Corp Details Progress on Social and Environmental Goals in 2023 Baseline ESG Report

NEW YORK, June 26, 2023 (GLOBE NEWSWIRE) — Northann Corp, a renowned leader in the field of 3D printing for home improvement, is pleased to announce the official launch of its comprehensive Baseline ESG (Environmental, Social, and Governance) Report. The report has been meticulously crafted in accordance with the universally recognized ESG framework, underscoring Northann Corp’s commitment to transparency. It offers an exhaustive analysis of the company’s performance across 21 core metrics, which are diligently reviewed and updated on a quarterly basis. In order to uphold transparency and ensure accountability, Northann Corp has adopted an advanced disclosure platform to monitor its progress. This platform effectively showcases the company’s sustainability performance, benchmarked against the esteemed Stakeholder...

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MEXCO ENERGY CORPORATION REPORTS FINANCIAL RESULTS FOR FISCAL 2023

MIDLAND, TX, June 26, 2023 (GLOBE NEWSWIRE) — Mexco Energy Corporation (NYSE American: MXC) reported results on its Annual Report, Form 10-K to the Securities and Exchange Commission for the fiscal year ended March 31, 2023. The Company reported net income of $4,662,702 or $2.11 per diluted share, for fiscal year 2023, compared to net income of $2,855,066, or $1.32 per diluted share, for fiscal 2022, an increase of 63%. Operating revenues in fiscal 2023 were $9,557,289, an increase of 45% when compared to fiscal 2022 operating revenues of $6,587,780. This is the result of a 28% increase in barrels of oil equivalent (“BOE”) production and a 12% increase in BOE prices. The Company participated in the drilling of 54 wells consisting of 50 horizontal wells and 4 vertical wells at a cost of approximately $4,200,000 for the fiscal year...

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AIP Realty Trust Announces Suspension of Second Quarter Distribution and Provides Business Update

VANCOUVER, British Columbia, June 26, 2023 (GLOBE NEWSWIRE) — AIP Realty Trust (the “Trust” or “AIP”) (TSXV: AIP.U) today announced that its Board of Trustees (the “Board”) has suspended the cash distribution for the second quarter ending June 30, 2023 in the amount of $0.02 per unit. All dollar amounts are stated in U.S. dollars. After careful consideration of the Trust’s financial resources, and while the presently owned Eagle Court facility in Lewisville, TX remains fully leased and occupied and is performing in accordance with pro forma expectations, the Board made the decision to revise its distribution policy in order to preserve working capital and maintain financial flexibility. The Board believes the decision supports the Trust’s priority of preserving capital needed to accomplish two primary objectives. The first objective...

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Gaia Announces Addition and Changes to Executive Team

BOULDER, Colo., June 26, 2023 (GLOBE NEWSWIRE) — Gaia, Inc. (NASDAQ: GAIA), a conscious media and community company, is announcing the following addition and changes to its executive team, effective today. Gaia has appointed James Colquhoun to the new position of Chief Operating Officer. Mr. Colquhoun has served as a member of the Gaia board of directors since May 2020. He was previously the Founder and Chief Executive Officer of Food Matters TV, a health and wellness focused online video subscription service until its acquisition by Gaia in June 2019. Gaia also promoted Kiersten Medvedich to President. Ms. Medvedich joined Gaia in 2016 after 14 years with Sony Pictures Television. During her tenure at Gaia, she has meaningfully scaled the content team and its production capabilities, launched the GaiaSphere live event space, overseen...

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Major Drilling Announces Publication of Sustainability Report

MONCTON, New Brunswick, June 26, 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 published its Sustainability Report covering the reporting period of calendar 2022.  “We’re proud to announce the publication of our second annual Sustainability Report, showcasing Major Drilling’s continued dedication to sustainable practices and responsible operations”, said Denis Larocque, President and CEO of Major Drilling. “As a leading provider of drilling services for the mining sector, Major Drilling recognizes the importance of minimizing its environmental impact while positively contributing to the communities in which we operate. This Sustainability Report details our progress on key sustainability...

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Smart Powerr Corp. Regains Compliance with NASDAQ

XI’AN, China, June 26, 2023 (GLOBE NEWSWIRE) —  Smart Powerr Corp. (NASDAQ: CREG) (“CREG” or the “Company”), an industrial waste-to-energy solution provider in China, today announced that it received a notification from the Listing Qualifications Department of The Nasdaq Stock Market LLC (the “Nasdaq”) that, based on the Company’s filings of Form 10-Q for the period ended March 31, 2023 on June 21, 2023, Nasdaq has determined that the Company complies with its Listing Rule 5250(c)(1) (the “Listing Rule”). On June 21, 2023, the Company filed its quarterly reports on Form 10-Q for the periods ended March 31, 2023. Accordingly, Nasdaq has determined that the Company complies with the Listing Rule and closed the matter. About Smart Powerr Corp. Smart Powerr Corp. (Nasdaq: CREG) (“CREG” or “the...

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