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Year: 2023

NorthWest Copper Corp. Announces Launch of Rights Offering and Concurrent Private Placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Nov. 27, 2023 (GLOBE NEWSWIRE) — NorthWest Copper Corp. (the “Company” or “NorthWest”) (TSX-V: NWST) announces it is undertaking a rights offering to raise gross proceeds of up to $3,340,936 (the “Rights Offering”) and private placements to bring the total amount raised by the Company to no more than $4,000,000 (“Concurrent Private Placement”). Rights Offering Pursuant to the Rights Offering, the Company will be offering 31,818,435 rights (the “Rights”) to holders (the “Shareholders) of common shares in the capital of NorthWest (the “NorthWest Shares”) at the close of business on the record date of December 5, 2023 (the “Record Date”) on the basis of one (1) Right for each six (6) NorthWest Shares held....

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First Busey Corporation and Merchants and Manufacturers Bank Corporation to Merge

First Busey Expands Market Presence in Chicago MSA and Adds Life Equity Loan® Products to Suite of Services CHAMPAIGN, Ill. and OAKBROOK TERRACE, Ill., Nov. 27, 2023 (GLOBE NEWSWIRE) — First Busey Corporation (“Busey”) (NASDAQ:BUSE), the holding company for Busey Bank, and Merchants and Manufacturers Bank Corporation (”M&M”), the holding company for Merchants & Manufacturers Bank (“M&M Bank”), today jointly announced the signing of a definitive agreement pursuant to which Busey will acquire M&M Bank through a merger transaction. The partnership will enhance Busey’s growing suburban Chicago market presence by expanding the company’s deposit market share in DuPage and Will Counties, while bolstering its commercial banking relationships and wealth management capabilities. Under the terms of the merger agreement,...

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Brookfield Corporation Announces Pricing of $700 Million Notes Offering

BROOKFIELD, NEWS, Nov. 27, 2023 (GLOBE NEWSWIRE) — Brookfield Corporation (“Brookfield”) (NYSE: BN, TSX: BN) today announced the pricing of a public offering of $700 million principal amount of senior notes due 2034 (the “notes”), which will bear interest at a rate of 6.350% per annum. The net proceeds from the sale of the notes will be used to refinance existing indebtedness, including upcoming 2024 maturities, and will leave only modest maturities through to the end of 2025.  The notes will be issued by Brookfield Finance Inc., an indirect 100% owned subsidiary of Brookfield, and will be fully and unconditionally guaranteed by Brookfield. The offering is expected to close on or about December 4, 2023, subject to the satisfaction of customary closing conditions. The notes are being offered under Brookfield and the issuer’s existing...

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iBio Announces Reverse Stock Split

BRYAN, Texas and SAN DIEGO, Nov. 27, 2023 (GLOBE NEWSWIRE) — iBio, Inc. (NYSEA:IBIO) (“iBio” or the “Company”) today announced that its Board of Directors has approved a 20-to-1 reverse split of the Company’s common stock, par value $0.001 per share (the “Common Stock”) effective at 12:01 a.m. ET on November 29, 2023 (the “Effective Date”). The Common Stock is expected to begin trading on a split-adjusted basis when the market opens on November 29, 2023, with the new CUSIP number 451033708.    The reverse stock split was authorized by iBio’s stockholders at the Company’s 2023 Annual Meeting, held earlier today, with a ratio ranging from 1-for-5 to 1-for-20 (the “Range”), with the ration within such Range to be determined at the discretion of the Company’s Board of Directors. As a result of the reverse stock split, every 20 shares...

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Calian Reports Unaudited Results for the Fourth Quarter and FY23

(All amounts in release are in Canadian dollars) OTTAWA, Nov. 27, 2023 (GLOBE NEWSWIRE) — Calian® Group Ltd. (TSX:CGY), a diverse products and services company providing innovative healthcare, communications, learning and cybersecurity solutions, today released its unaudited results for the fourth quarter and FY23 ended September 30, 2023. Highlights of record performance in Q4:Revenue up 10% to $176 million Gross margin at 31.7%, above 30% for the sixth consecutive quarter Adjusted EBITDA1 at $20 million, up 7%Highlights of FY23:Revenue up 13% to $659 million Gross margin at 31.0%, up from 29.1% last year Adjusted EBITDA1 at $66 million, in line with last year Operating free cash flow of $45 million Net liquidity of $176 million Repurchased 32,094 shares for consideration of $1.7 million Acquired Hawaii Pacific Teleport...

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Microchip Technology to Present at the UBS Technology Conference

CHANDLER, Ariz., Nov. 27, 2023 (GLOBE NEWSWIRE) — (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that the Company will present at the UBS Technology Conference on Tuesday, November 28 at 9:35 a.m. (Mountain Time). Presenting for the Company will be Mr. Ganesh Moorthy, President and CEO. A live webcast of the presentation will be made available by UBS, and can be accessed on the Microchip website at www.microchip.com. Any forward looking statements made during the presentation are qualified in their entirety by the discussion of risks set forth in the Company’s Securities and Exchange Commission filings. Copies of SEC filings can be obtained for free at the SEC’s website (www.sec.gov) or from commercial document retrieval...

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Consolidated Uranium and Premier American Uranium Announce Closing of Spin-Out

TORONTO, Nov. 27, 2023 (GLOBE NEWSWIRE) — Consolidated Uranium Inc. (“CUR”, the “Company”, or “Consolidated Uranium”) (TSXV: CUR) (OTCQX: CURUF) and Premier American Uranium Inc. (“PUR” or “Premier American Uranium”) are pleased to announce that the previously announced spin-out of PUR through a plan of arrangement under the Business Corporations Act (Ontario) (the “Arrangement”) has been completed. The Arrangement was effective at 12:01 a.m. (Toronto time) on November 27, 2023. Pursuant to the Arrangement, CUR transferred ownership of certain indirect wholly-owned subsidiaries that hold eight U.S. Department of Energy (“DOE”) leases and certain patented claims located in Colorado (the “CUR Assets”) to PUR in exchange for 7,753,752 common shares of PUR (“PUR Shares”). As part of the Arrangement, CUR distributed 3,876,786 of the...

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22nd Century Group Enters into Agreement to Sell Hemp/Cannabis Franchise

Sale Expected to Result in Immediate and Significant Reduction in Operating Costs and Cash Requirements BUFFALO, N.Y., Nov. 27, 2023 (GLOBE NEWSWIRE) — 22nd Century Group, Inc. (Nasdaq: XXII) (the “Company” or “22nd Century”), a leading biotechnology company focused on utilizing advanced plant technologies to improve health and wellness, today announced it has reached an agreement to sell substantially all of its GVB Biopharma (“GVB”) hemp/cannabis operations to Specialty Acquisition Corporation, a Nevada corporation (the “Buyer”), an entity affiliated with current GVB employees. The transaction is subject to certain approvals and Buyer obtaining financing. Terms of the transaction include a cash payment to the Company of $1 million at closing of the sale (the “Closing”) and a 12% secured promissory note for $1.25 million issued...

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Daktronics, Inc. to Release Second Quarter Fiscal 2024 Financial Results

BROOKINGS, S.D., Nov. 27, 2023 (GLOBE NEWSWIRE) — Daktronics, Inc. (NASDAQ-DAKT), announced today it will release its second quarter fiscal 2024 financial results on Tuesday, December 5, 2023 before the market opens. The Company will host a conference call and webcast for all interested parties at 10:00 AM CT that day. Reece A. Kurtenbach, Chief Executive Officer and Sheila M. Anderson, Chief Financial Officer, will host the conference call, which will contain forward-looking statements and other material information. The conference call may be accessed by a dial-in number or via the Internet as follows: Tuesday, December 5, 2023 at 10:00 AM CT Webcast: https://edge.media-server.com/mmc/p/gmk3f5pe Participant Registration: https://register.vevent.com/register/BI0fdd34523c844d09bf2e5f2d17c642bb About Daktronics  Daktronics has...

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Ocuphire Pharma Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

FARMINGTON HILLS, Mich., Nov. 27, 2023 (GLOBE NEWSWIRE) — Ocuphire Pharma, Inc. (Nasdaq: OCUP), a clinical-stage ophthalmic biopharmaceutical company focused on developing and commercializing small-molecule therapies for the treatment of retinal and refractive eye disorders, today announced that the independent members of its Board of Directors approved an equity award under Ocuphire’s 2021 Inducement Plan, as a material inducement to Joseph K. Schachle, the Company’s newly appointed Chief Operating Officer, in connection with his employment with the Company effective on November 27, 2023. The equity award was approved in accordance with Nasdaq Listing Rule 5635(c)(4), which also requires a public announcement of equity awards that are not made under a stockholder approved equity plan. In connection with his entering into employment...

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