ProSomnus Sleep Technologies Takes Strategic Action to Position Company for Long-Term Success

Written by Customer Service on May 9, 2024. Posted in Public Companies.

Announces Plan for $20 million in Aggregate New Financing to Support Daily Operations, Restructuring, Strategic Initiatives, and Advocacy Company Enters into Voluntary Chapter 11 Restructuring Process Which Will Take Company Private, Reduce Debt and Enable Execution of Key Initiatives Minimal Expected Operational Impact to Business, Company Wil Continue Serving Customers and Delivering Products PLEASANTON, Calif., May 08, 2024 (GLOBE NEWSWIRE) — ProSomnus, Inc. (the “Company”), the leading non-CPAP Obstructive Sleep Apnea (OSA) therapy, announced it has initiated a voluntary restructuring process under Chapter 11 of the U.S. Bankruptcy Code to reorganize and strengthen its capital structure going forward, improve financial flexibility and better position the company for long-term success. In connection with this process, the Company...

West Red Lake Gold Announces Revised Terms to Previously Announced Bought Deal Public Offering

Written by Customer Service on May 8, 2024. Posted in Public Companies.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, May 08, 2024 (GLOBE NEWSWIRE) — West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV: WRLG) (OTCQB: WRLGF) is pleased to announce that it has amended its previous agreement with Raymond James Ltd. as sole bookrunner, on behalf of a syndicate of underwriters (collectively, the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a “bought deal” basis, 27,778,000 units (the “Units”) and 11,236,000 charity-flow through units (the “Charity Flow-Through Units”) of the Company at a price of C$0.72 per Unit (the “Unit Issue Price”) and C$0.89 per Charity Flow-Through Unit (the “Charity Flow-Through Issue Price”), respectively, for aggregate gross proceeds to the Company...

Prime Drink Group Announces Terms of Concurrent Financing in Connection With Proposed Acquisition of Triani Canada and Provides Update on the Transaction

Written by Customer Service on May 8, 2024. Posted in Mergers And Acquisitions.

MONTREAL, May 08, 2024 (GLOBE NEWSWIRE) — Prime Drink Group Corp. (CSE: PRME) (“Prime” or the “Company”) announces terms of the non-brokered private placement financing of a minimum of 8,000,000 subscription receipts (each, a “Subscription Receipt”) and a maximum of 12,000,000 Subscription Receipts for gross proceeds of a minimum of $5,000,000 and a maximum of $7,500,000 (the “Offering”). This Offering is in connection with the previously announced transaction (the “Proposed Transaction”) whereby the Company will acquire all of the issued and outstanding common shares of Triani Canada Inc. (“Triani”) pursuant to a Definitive Agreement (as defined herein) to be entered into among the parties, as more fully described in the press release dated January 22, 2024 available on the Company’s SEDAR+ profile at www.sedarplus.ca. All currency...

Petrus Resources Announces First Quarter 2024 Financial and Operating Results

Written by Customer Service on May 8, 2024. Posted in Earnings Releases And Operating Results.

CALGARY, Alberta, May 08, 2024 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) is pleased to report financial and operating results as at and for the three months ended March 31, 2024. Q1 2024 HIGHLIGHTS: Production – Production was 9,783 boe/d, up 3% from 9,474 boe/d(1) in the fourth quarter of 2023. Notably, oil production was up 26% quarter over quarter. The increase was due to a full quarter of production from the wells completed in the fourth quarter of 2023. Commodity Prices – Total realized price was $31.42/boe in the first quarter of 2024 compared to $30.60/boe in the fourth quarter of 2023, up 3% as higher oil weighting offset lower pricing. Funds Flow(2) – Generated funds flow of $16.3 million ($0.13 per share(3)) for the first quarter of 2024 compared to $16.5 million ($0.13 per share)...

American Hotel Income Properties REIT LP Reports Voting Results of Annual and Special Meeting

Written by Customer Service on May 8, 2024. Posted in Public Companies.

VANCOUVER, British Columbia, May 08, 2024 (GLOBE NEWSWIRE) — American Hotel Income Properties REIT LP (“AHIP”) (TSX: HOT.UN, HOT.U, and HOT.DB.V) announces that at its annual and special meeting of unitholders, held earlier today, all directors nominated as listed in the information circular dated April 1, 2024 were directed to be elected as directors of American Hotel Income Properties REIT (GP) Inc. for the ensuing year. As a ballot was not required, the number of votes disclosed in the below table reflects only the proxies received by management of AHIP in advance of the meeting. DIRECTOR VOTES FOR % VOTES WITHHELD % W. Michael Murphy 13,061,050 83.39 2,601,457 16.61 Charles van der Lee 12,995,822 82.97 2,666,685 17.03 Matthew Cervino 13,084,924 83.54 2,577,583 16.46 Stephen Evans 13,059,611 83.38 2,602,896 16.62 Amy...

Athabasca Oil Announces 2024 First Quarter Results, Operational Momentum at Leismer and in the Duvernay, and Return of Capital Execution

Written by Customer Service on May 8, 2024. Posted in Earnings Releases And Operating Results.

CALGARY, Alberta, May 08, 2024 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its first quarter results showcasing continued operational momentum and full execution of its inaugural buyback program. Production growth is underway with the commissioning of the Leismer expansion project and the tie-in of new multi-well pads in Duvernay Energy. Athabasca Corporate Consolidated Q1 2024 Highlights Production: Average production of 33,470 boe/d (98% Liquids). Cash Flow: Adjusted Funds Flow of $88 million & Cash Flow from Operating Activities of $77 million. The Company forecasts consolidated 2024 Adjusted Funds Flow of ~$550 million1, with increasing operating scale and strong heavy oil pricing for the balance of the year. Balance Sheet: Net Cash of $90 million; Liquidity...

Global Water Resources Reports First Quarter 2024 Results

Written by Customer Service on May 8, 2024. Posted in Earnings Releases And Operating Results.

PHOENIX, May 08, 2024 (GLOBE NEWSWIRE) — Global Water Resources, Inc. (NASDAQ: GWRS), a pure-play water resource management company, reported results for the first quarter ended March 31, 2024. All comparisons are to the same year-ago period unless otherwise noted. The company will hold a conference call at 1:00 p.m. Eastern time tomorrow to discuss the results (see dial-in information below). Q1 2024 Financial Highlights Total revenue decreased $1.5 million or 11.6% to $11.6 million, primarily attributable to the recognition of $2.3 million in unregulated revenue related to infrastructure coordination and financing agreements (ICFAs) in the first quarter of 2023 that did not occur in the first quarter of 2024. Regulated revenue increased $0.8 million or 6.9% to $11.6 million, primarily due to organic connection growth and increased...

Birchtree Investments Ltd. Announces Results From Its Annual General and Special Meeting of Shareholders and RSU Grant

Written by Customer Service on May 8, 2024. Posted in Public Companies.

VANCOUVER, British Columbia, May 08, 2024 (GLOBE NEWSWIRE) — Birchtree Investments Ltd. (“Birchtree” or the “Company”) ‎‎(CSE: BRCH), an investment company with the long-term goal of divesting its investment assets at a profit, is ‎pleased to announce that its shareholders (the “Shareholders”) have voted at the annual and ‎special meeting of Shareholders (the “Meeting”) in favor of all matters put to Shareholders at the ‎Meeting. All annual matters that were put before Shareholders at the Meeting were approved, including the adoption of the 2024 Equity Incentive Plan of the Company (the “Incentive Plan”), ‎pursuant to which the Company is able to issue share-based long-term incentives. All directors, officers, employees ‎and service providers of the Company and/or its affiliates ‎‎are eligible to receive awards under the Incentive...

American Aires Announces $3 Million Private Placement

Written by Customer Service on May 8, 2024. Posted in Public Companies.

Not for distribution to United States newswire services or for dissemination in the United States TORONTO, May 08, 2024 (GLOBE NEWSWIRE) — Americas Aires Inc. (CSE: WIFI) (OTCQB: AAIRF) (the “Company”), a pioneer in cutting-edge technology designed to protect against electromagnetic radiation and optimize human health, is pleased to announce that it has entered into an agreement with Eight Capital dated May 8, 2024, pursuant to which the Eight Capital has agreed to act as agent, on a “best efforts” basis, in connection with a private placement of up to 3,158,000 units of the Company (the “Units”) at a price of $0.95 per Unit (the “Issue Price”) for gross proceeds of up to $3,000,100 (the “Offering”). Each Unit will be comprised of one common share of the Company (a “Common Share”) and one common share purchase warrant of the Company...

Pieridae Releases Q1 2024 Financial and Operating Results and Revises 2024 Guidance

Written by Customer Service on May 8, 2024. Posted in Earnings Releases And Operating Results.

Operating Cost Improvements & Growth in Strategic Third Party Processing Business Highlight a Solid Quarter CALGARY, Alberta, May 08, 2024 (GLOBE NEWSWIRE) — Pieridae Energy Limited (“Pieridae” or the “Company”) (TSX: PEA) announces the release of its first quarter 2024 financial and operating results. Pieridae generated Net Operating Income (“NOI”)1 of $23 million during the first quarter of 2024, reflecting aggressive operating cost and fuel gas reductions, and $9 million in hedging gains. Pieridae’s management’s discussion and analysis (“MD&A”) and unaudited interim consolidated financial statements and notes for the quarter ended March 31, 2024 are available at www.pieridaeenergy.com and on SEDAR at www.sedarplus.ca. “Pieridae is delivering on its strategic plan to reduce operating costs, decrease fuel gas consumption...

Year: 2024

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