Day: September 5, 2023

TORONTO, Sept. 05, 2023 (GLOBE NEWSWIRE) — Timbercreek Financial Corp. (TSX: TF) (the “Company” or “Timbercreek Financial”) today provided commentary and clarification on its loans to Groupe Huot Inc. (“Groupe Huot”), a Quebec-based real estate developer. As disclosed in the Company’s Q2 2023 financial results, Timbercreek Financial is a secured creditor to Groupe Huot on seven recently constructed, income-producing multi-family assets in Quebec. Several recent media articles have stated that Timbercreek’s investments to Groupe Huot total approximately $253 million. Timbercreek is in the business of originating commercial mortgages and often works with third-party lenders to share loans based on different risk and return criteria. This total amount represents the gross amount of the registered and secured hypothecs (mortgages)....

CALGARY, Alberta, Sept. 05, 2023 (GLOBE NEWSWIRE) — STEP Energy Services Ltd. (“STEP”) is pleased to announce the appointment of Ms. Rachel Moore as an independent director of STEP’s board of directors, effective October 1, 2023. Ms. Moore is currently serving as the executive vice president, corporate services, at Ovintiv Inc. (TSE:OVV), a position she has held since January 2020. Ms. Moore previously served as Ovintiv’s vice president, human resources since January 2015. Before joining Ovintiv, Ms. Moore held a variety of senior leadership positions including executive vice president, human resources at Savanna Energy Services Corporation, and vice president, human resources, at Enerflex Systems Ltd. Ms. Moore currently serves on the board of directors for the Wilder Institute (Calgary Zoo) in support of wildlife conservation...

The Honest Company Announces Appointment of Dave Loretta as Chief Financial OfficerThe Honest Company Announces Appointment of Dave Loretta as Chief Financial OfficerThe Honest Company Announces Appointment of Dave Loretta as Chief Financial Officer LOS ANGELES, Sept. 05, 2023 (GLOBE NEWSWIRE) — The Honest Company, a digitally-native consumer products company dedicated to creating clean- and sustainably-designed products spanning baby care, beauty, personal care, wellness and household care, today announced Dave Loretta, seasoned finance executive, as the Company’s new Chief Financial Officer, effective September 25, 2023. “I am pleased to have Dave join Honest as our Chief Financial Officer. He brings a strong track record of driving financial strength and scale across a wide range of modern companies with innovative...

VANCOUVER, British Columbia, Sept. 05, 2023 (GLOBE NEWSWIRE) — Alaska Energy Metals Corporation (TSX-V: AEMC, OTCQB: AKEMF) announces that Roland Butler, a Director of the Company since 2010, has resigned and withdrawn as a nominee for election as a Director at the upcoming Annual General Meeting. Mr. Butler indicates he intends to spend more time on personal interests. Alaska Energy Metals President & CEO Gregory Beischer commented: “Mr. Butler has been a steady, thoughtful Director and provided strong guidance to the Company for thirteen years. I was especially grateful for Mr. Butler’s support as the Company pivoted from a Project Generator (Millrock Resources Inc.) to a nickel-focused explorer (Alaska Energy Metals Corporation). We wish Mr. Butler well in all he does going forward.” About Alaska Energy MetalsAlaska Energy...

CALGARY, ALBERTA, Sept. 05, 2023 (GLOBE NEWSWIRE) — Marksmen Energy Inc. (“Marksmen” or the “Company”) (TSXV: MAH) is pleased to announce the following: Completion of a Well in Pickaway County, OhioMarksmen is excited to begin the completion of an upper oil zone at its HD2 well in Pickaway County, Ohio. This formation, first discovered over 125 years ago, has been the most prolific oil producing formation in central and western Ohio, and extends into Michigan, Illinois, and Ontario. When the HD2 well was drilled, this upper zone flowed back oil into the containment tanks at high pressures. The well was brought under control with heavy weight brine and the zone was then cased and cemented, pending further evaluation. Technical reviews are now finished, and completion work is scheduled to start sometime in the week beginning September...

LOS ANGELES, CA, Sept. 05, 2023 (GLOBE NEWSWIRE) — via NewMediaWire – LiveOne (Nasdaq: LVO), an award-winning, creator-first music, entertainment, and technology platform, announced today that its subsidiary, PodcastOne (PODC), has secured a long contract extension with its Co-Founder and President, Kit Gray. “We are thrilled to continue our partnership with Kit Gray,” said Robert Ellin, CEO and Chairman of LiveOne. “His visionary leadership has been instrumental in building PodcastOne into the success it is today.” “I’m honored to renew my commitment to PodcastOne as President, and I’m excited about the journey ahead,” said Kit Gray, President of PodcastOne. “We have achieved incredible success, and I look forward to continuing our trailblazing work in the podcasting industry, driving growth, and delivering exceptional...

TORONTO and CHICAGO, Sept. 05, 2023 (GLOBE NEWSWIRE) — Medexus Pharmaceuticals Inc. (“Medexus” or the “Company“) (TSX: MDP) (OTCQX: MEDXF), is pleased to announce that it has entered into an agreement with Research Capital Corporation, as sole bookrunner and sole underwriter (the “Underwriter”), pursuant to which the Underwriter has agreed to purchase, on a bought-deal basis, 3,389,900 units of the Company (the “Units”) at a price of C$2.95 per Unit for gross proceeds to the Company of C$10,000,205 (the “Offering”). Each Unit will consist of one common share of the Company (a “Common Share”) and one-half of one Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of C$3.65 at any time up to 30 months...

TORONTO, Sept. 05, 2023 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that, since its last transaction press release on June 8, 2023, it has closed on six non-core dispositions in Canada, and has entered into an agreement to dispose of an additional non-core property, for combined consideration of $121.4 million. CAPREIT also acquired a strategically aligned, newly constructed rental property for $51.0 million. All amounts disclosed herein exclude transaction costs. In June, CAPREIT completed the disposition of a manufactured home community containing 217 sites in Windsor, Ontario, for $8.3 million, with proceeds allocated toward the repayment of principal outstanding on the mortgage of $7.7 million. The property was the primary driver of interim maintenance...