Day: September 5, 2023

Timbercreek Financial Comments on Groupe Huot Loans

Written by Customer Service on . Posted in Public Companies.

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)....

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STEP Energy Services Ltd. Announces Appointment of New Independent Director Rachel Moore and Retirement of Donna Garbutt

Written by Customer Service on . Posted in Public Companies.

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...

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The Honest Company Announces Appointment of Dave Loretta as Chief Financial Officer

Written by Customer Service on . Posted in Public Companies.

The Honest Company Announces Appointment of Dave Loretta as Chief Financial Officer The Honest Company Announces Appointment of Dave Loretta as Chief Financial Officer The 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...

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Alaska Energy Metals Announces Resignation of Director

Written by Customer Service on . Posted in Public Companies.

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...

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MARKSMEN ANNOUNCES OPERATIONAL UPDATE, DTC ELIGIBILITY IN THE UNITED STATES AND TRADING OF SHARES ON THE OTCQB VENTURE MARKETPLACE

Written by Customer Service on . Posted in Public Companies.

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...

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Update: LiveOne’s PodcastOne (PODC) Signs Long Term Extension With Co-Founder and President Kit Gray

Written by Customer Service on . Posted in Public Companies.

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...

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Medexus Pharmaceuticals Announces C$10 Million Bought-Deal Public Offering of Units

Written by Customer Service on . Posted in Public Companies.

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...

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Carmell Corporation Announces Completion of Post-Merger Integration with Axolotl Biologix and New Organizational Structure Aligned with Focus on Aesthetics

Written by Customer Service on . Posted in Mergers And Acquisitions.

PITTSBURGH, Sept. 05, 2023 (GLOBE NEWSWIRE) — Carmell Corporation (Nasdaq: CTCX) (“Carmell”), a regenerative care company, today announced the completion of post-merger integration with Flagstaff-based Axolotl Biologix, a profitable regenerative medicine company (“Axolotl”). As part of the post-merger planning process, Carmell announced the following changes effective September 1, 2023: Rajiv Shukla, Executive Chairman of Carmell to serve as Chairman & CEO of Carmell. Randy Hubbell to step down as CEO and serve as Advisor to the Chairman & CEO in addition to Josh Sandberg, former CEO of Axolotl who is serving in a similar role. Changes to Carmell’s Board of Directors underway with three board members to step down and candidates with a background in aesthetics being recruited. Milestone payment of $8 million to Axolotl...

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CAPREIT Capital Allocation Update – $172MM in Strategic Transactions

Written by Customer Service on . Posted in Public Companies.

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...

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Silver Spike Investment Corp. Declares Regular and Special Dividend

Written by Customer Service on . Posted in Dividend Reports And Estimates.

NEW YORK, Sept. 05, 2023 (GLOBE NEWSWIRE) — Silver Spike Investment Corp. (“Silver Spike” or the “Company”), a specialty finance company that was formed to invest across the cannabis ecosystem through investments primarily in the form of direct loans to privately held cannabis companies, today reminded investors that the Company’s Board of Directors declared a cash dividend of $0.63 per share, consisting of a regular quarterly dividend of $0.23 per share and a special dividend of $0.40 per share. The following are the key dates for the regular and special dividend: Record Date September 15, 2023 Payment Date September 29, 2023     The special dividend will be paid out of the Company’s undistributed taxable income (taxable income in excess of dividends paid) as of March 31, 2023. The Company expects to also pay a special...

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