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Month: January 2024

MINILUXE ANNOUNCES CLOSING OF SECOND TRANCHE OF CONVERTIBLE NOTE FINANCING

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Boston, MA, Jan. 22, 2024 (GLOBE NEWSWIRE) — MiniLuxe Holding Corp. (TSXV: MNLX) (“MiniLuxe” or the “Company“) is pleased to announce the final second closing of a non-brokered convertible debenture unit offering (the “Offering“), for gross proceeds of approximately USD$1,250,000, and aggregate gross proceeds of over USD$3,800,000 cumulatively across both tranches. For more details regarding the Offering please see the Company’s press releases dated November 30, 2023, and December 22, 2023. The second tranche of the Offering resulted in the issuance of 1250 units of the Company (each, a “Unit” and collectively the “Units“) at a price of $1,000 USD per Unit, and on the same...

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Stewart Elected to Serve on the Head Office Board of Directors for the Federal Reserve Bank of San Francisco

Laura Lee (Laurie) StewartLaura Lee (Laurie) StewartSEATTLE, Jan. 22, 2024 (GLOBE NEWSWIRE) — The Federal Reserve Bank of San Francisco elected Laura Lee (Laurie) Stewart, president and chief executive officer of Sound Community Bank / Sound Financial Bancorp, to its Head Office Board of Directors, effective January 1, 2024. “Serving on the Federal Reserve Bank of San Francisco’s Head Office Board of Directors is truly a privilege. Representing Community Banks and the communities, consumers, and businesses they serve is an honor and a responsibility I am committed to wholeheartedly,” said Ms. Stewart Ms. Stewart started in banking over 40 years ago and has held her current position since 1989. Seattle-based Sound Community Bank serves 25,000 households and businesses through nine retail banking locations and loan production...

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Brown & Brown, Inc. announces fourth quarter 2023 results, including total revenues of $1,026.2 million, an increase of 13.8%; Organic Revenue growth of 7.7%; diluted net income per share of $0.94; Diluted Net Income Per Share – Adjusted of $0.58; and a new alignment of its businesses into three segments

DAYTONA BEACH, Fla., Jan. 22, 2024 (GLOBE NEWSWIRE) — Brown & Brown, Inc. (NYSE:BRO) (the “Company”) announced its unaudited financial results for the fourth quarter and full year of 2023. Revenues for the fourth quarter of 2023 under U.S. generally accepted accounting principles (“GAAP”) were $1,026.2 million, increasing $124.8 million, or 13.8%, compared to the fourth quarter of the prior year, with commissions and fees increasing by 12.4% and Organic Revenue increasing by 7.7%. Income before income taxes was $355.1 million, increasing 82.9% from the fourth quarter of the prior year with Income Before Income Taxes Margin increasing to 34.6% from 21.5%. EBITDAC – Adjusted was $317.7 million, increasing 11.7% from the fourth quarter of the prior year with EBITDAC Margin – Adjusted decreasing...

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Robex Announces Top End of Production Guidance

QUEBEC CITY, Jan. 22, 2024 (GLOBE NEWSWIRE) — Robex Resources Inc. (TSXV: RBX) (“Robex” or the “Company”) is pleased to announce production of 51,827 ounces (“oz”) achieving top end guidance of 48,000oz-52,000oz. Company’s highlights in Q4 2023Gold production of 14,307oz of gold in Q4 2023, a 28% increase compared to 11,253oz in Q4 2022 Processed 543,242 tonnes of ore at a head grade of 0.94 grams per tonne (“g/t”) of gold, a 5% increase of ore processed compared with Q4 2022 Gold recovery of 87.5%, a 1.9% decrease compared with Q4 2022Company’s highlights in 2023Gold production of 51,826oz, a 11% increase in production compared with 2022 and achieving top end guidance of 48,000oz-52,000oz Processed 2,224,890 tonnes of ore at a head grade of 0.81g/t of gold, a 10% increase of ore processed compared with 2022 Gold recovery...

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Alaska Energy Metals Announces Commencement of Marketing and Investor Awareness Program and New Engagements

VANCOUVER, British Columbia, Jan. 22, 2024 (GLOBE NEWSWIRE) — Alaska Energy Metals Corporation (TSX-V: AEMC, OTCQB: AKEMF) (“AEMC” or the “Company”) is pleased to announce that it has entered into additional investor awareness and marketing agreements with a total of five vendors to deliver a comprehensive program that will begin in Q1 2024. Further to the Company’s news release dated November 6, 2023, and subject to acceptance by the TSX Venture Exchange (the “Exchange”), it has engaged the marketing services of Market Radius Capital Inc. (“Market Radius”), InvestorIdeas.com DBA Econ Corp Services (“Investorideas.com”), and Triomphe Holdings Ltd. dba Capital Analytica (“Capital Analytica”). Further to the Company’s news releases dated July 6, 2023 and December 8, 2023, it has renewed its Marketing Services Contract with MMG Market...

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Northland Power Announces Its Fourth Quarter 2023 Financial Results Release Date and Provides Investor Call and Webcast Details

TORONTO, Jan. 22, 2024 (GLOBE NEWSWIRE) — Northland Power Inc. (“Northland”) (TSX: NPI) announces it will release its 2023 fourth quarter operating and financial results after markets close on Wednesday, February 21, 2024. Northland’s management will hold an investor conference call and webcast at 10 a.m. Eastern Time (ET) on Thursday, February 22, 2024, followed by a question and answer period with analysts. Conference call details: Date: Thursday, February 22, 2024 Start Time: 10:00 a.m. ET Participants wishing to join the call and ask questions must register using the following URL below: https://register.vevent.com/register/BIc547b4ada08048c08f0cc894f9ea16dc For all other attendees, the call will be broadcast live on the internet, in listen-only mode and can be accessed using the following link: Webcast URL: https://edge.media-server.com/mmc/p/djphevny For...

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Genmab Announces Decision in Arbitration Appeal under License Agreement with Janssen

Company Announcement COPENHAGEN, Denmark; January 23, 2024 – Genmab A/S (Nasdaq: GMAB) announced today that the appeal arbitrator in its second arbitration arising under its license agreement with Janssen Biotech, Inc. (Janssen) for daratumumab has denied Genmab’s appeal. As a result, the dismissal of Genmab’s claims in the second arbitration is now concluded.  Genmab had appealed the tribunal’s two-to-one decision dismissing Genmab’s claims on the basis that the claims should have been brought in the prior arbitration between Genmab and Janssen.   Genmab’s claims were based upon its position that the subcutaneous formulation of daratumumab (SC daratumumab, marketed as DARZALEX FASPRO® in the United States) is a new licensed product under the license agreement.  The claims included both a claim for milestone payments with respect to SC...

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Terranueva annonce le résultat favorable de l’assemblée des créanciers tenue suite au dépôt d’un avis d’intention

MONTRÉAL, Jan. 22, 2024 (GLOBE NEWSWIRE) — Terranueva Corporation (CSE: TEQ) (« Terranueva » ou la « Société ») est heureuse d’annoncer que l’assemblée des créanciers tenue aujourd’hui a accepté à 86% la proposition de règlement (le « Règlement ») qui leur a été soumise. De plus, les principaux créanciers de la Société ont réitéré leur appui à cette occasion et maintiennent leur confiance envers le conseil d’administration et la direction. Le Règlement demeure sujet à l’homologation par le tribunal. En novembre dernier, la Société avait déposé un avis d’intention à ses créanciers en vertu de la Loi sur la faillite et l’insolvabilité, pour elle et sa filiale, Corporation Terranueva Pharma. Grâce à ce résultat, Terranueva sera en mesure de redresser sa situation financière et d’assurer la continuité de ses activités et de ses opérations....

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Great Southern Bancorp, Inc. Reports Preliminary Fourth Quarter and Annual Earnings of $1.11 and $5.61 Per Diluted Common Share

Preliminary Financial Results and Other Matters for the Quarter and Year Ended December 31, 2023:Significant Non-Recurring Items: During the three months ended December 31, 2023, the Company recorded the following significant and non-recurring items:(1) an expense in Legal and Professional Fees totaling $918,000 related to training and implementation costs for the upcoming core systems conversion and professional fees to consultants that were engaged to support the Company in its transition of core and ancillary software and information technology systems.(2) an expense in Salaries and Employee Benefits totaling $441,000 related to discretionary bonuses awarded to various associates who have been involved significantly in the software and systems transition.(3) an expense in Other Operating Expenses totaling $320,000 related to losses...

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FLSmidth Cement sells its MAAG gears and drives business to Solix

PRESS RELEASE 22 January 2024, Copenhagen, DenmarkOn 22 January 2024, FLSmidth Cement sold its MAAG gears and drives business to the Swedish investment company, Solix Group AB. The transaction is expected to close during the first quarter of 2024 and includes all related assets, including intellectual property, technology, employees and customer contracts. The divestment of the MAAG business is in line with FLSmidth Cement’s GREEN’26 strategy, which in combination with a greater strategic focus on the Service business includes focusing the product portfolio on the core technologies required for the green transition in the cement industry. The MAAG product range includes a wide range of industrial gear solutions for all types of mills and kilns, gear solutions for bucket-wheel excavators and belt conveyors as well as many other heavy-duty...

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