Month: January 2024

Toronto, ON, Canada, Jan. 09, 2024 (GLOBE NEWSWIRE) — Canada Carbon Inc. (the “Company“) (TSX-V: CCB) (OTC: BRUZF) (Frankfurt: U7N1) announces that it has entered into a debt settlement agreement with former Chief Financial Officer and Chief Executive Officer, Olga Nikitovic, to settle an aggregate of $145,417 of accrued management fees in consideration for the issuance of an aggregate of 4,406,575 common shares in the capital of the Company (the “Common Shares”) at a deemed price of $0.033 per share (the “Debt Settlement”). Ms. Nikitovic’s tenure with the Company concluded in December 2021. The board of directors and management of the Company believe that the proposed Debt Settlement is in the best interests of the Company because it allows the Company to preserve its funds for operations. The Debt Settlement is subject...

TORONTO, Jan. 09, 2024 (GLOBE NEWSWIRE) — Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces that it has priced a private offering of an additional US$200,000,000 of its 6.000% Senior Notes due December 7, 2033 (the “Notes”) at an issue price of 100.998%, plus accrued interest. Fairfax currently has outstanding US$400,000,000 aggregate principal amount of notes of this series (the “Original Notes”). The Notes will have the same terms as the Original Notes, except for the issue date and the issue price, and will form part of the same series as the Original Notes, including with respect to interest payments. The issue price for the Notes will include an aggregate amount of US$1,166,666.67 of accrued interest from December 7, 2023, the issue date of the Original Notes, to but excluding the settlement date...

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Jan. 09, 2024 (GLOBE NEWSWIRE) — Vortex Energy Corp. (CSE: VRTX | OTC: VTECF | FRA: AA3) (“Vortex” or the “Company“) is pleased to announce that it has closed its previously announced non-brokered private placement financing (the “Private Placement”) for gross proceeds to the Company of C$1,500,000. Pursuant to the Private Placement, the Company issued 3,750,000 units of the Company at a price of $0.40 per unit (each, a “Unit”). Each Unit is comprised of one common share in the capital of the Company (a “Share”) and one Share purchase warrant (“Warrant”), with each Warrant entitling the holder thereof to purchase a Share at an exercise price of $0.50 until January 9, 2026. The net proceeds...

CALGARY, Alberta, Jan. 09, 2024 (GLOBE NEWSWIRE) — Helium Evolution Incorporated (TSXV:HEVI) (“HEVI” or the “Company“), a Canadian-based helium exploration company focused on developing assets in southern Saskatchewan, is pleased to announce that its partner, North American Helium Inc. (“NAH”), has spud the previously announced farm-out well located at 9-35-3-9W3 (“Test Well Area #1”). NAH is responsible for 100% of the drilling costs for Test Well Area #1, while HEVI retains a 20% working interest in that well. Test Well Area #1 is approximately four kilometres south of the NAH producing helium pool at Mankota in Saskatchewan and approximately 11 kilometres northeast of HEVI’s helium discovery at 2-31-2-8W3 (“Joint Well #1”), as announced on November 21, 2023. HEVI also reports that completion operations...

TORONTO, Jan. 09, 2024 (GLOBE NEWSWIRE) — Exco Technologies Limited (TSX – XTC) today announced that it will report its financial results for the first quarter ended December 31, 2023 after the close of business on Wednesday January 31, 2024. Exco’s management will hold a conference call to discuss the results on Thursday February 1, 2024 at 10:00 a.m.   To access the listen only live audio webcast, please log on to www.excocorp.com, or https://edge.media-server.com/mmc/p/h4ntxy9c a few minutes before the event. Those interested in participating in the question-and-answer conference call may register at https://register.vevent.com/register/BIe7f88b004fdf421bbb953189681d8f51 to receive the dial-in numbers and unique PIN to access the call. It is recommended that you join 10 minutes prior to the event start (although you may register...

Houston, Texas, Jan. 09, 2024 (GLOBE NEWSWIRE) — Battalion Oil Corporation (NYSE American: BATL, “Battalion” or the “Company”) today announced that on January 5, 2024 it received official notice on behalf of the NYSE American LLC indicating that, because the Company did not hold an annual meeting of stockholders during its fiscal year ended December 31, 2023, the Company is not in compliance with its continued listing standards set forth in Section 704 of the NYSE American Company Guide.   The Company expect to regain compliance with the NYSE American’s continued listing standards once the 2023 annual meeting of stockholder is held, which meeting has been scheduled for February 7, 2024, at 11:00 a.m., Central Time, at Two Memorial City Plaza, 820 Gessner Road, Live Oak Training Center (Room 107), Houston, Texas 77024. Forward...

VANCOUVER, British Columbia, Jan. 09, 2024 (GLOBE NEWSWIRE) — NOVAGOLD RESOURCES INC. (TSX, NYSE American: NG) will release its 2023 year-end financial results after market close on January 24, 2024. A conference call and video webcast to discuss these results will take place January 25, 2024, at 8:00 am PT (11:00 am ET). During the webcast, NOVAGOLD’s Chairman, Dr. Thomas Kaplan; President and Chief Executive Officer, Greg Lang; and Chief Financial Officer, David Ottewell, will provide a summary of the company’s year-end financial results, an update on the Donlin Gold project, and gold sector remarks. Questions may be submitted prior to the call at info@novagold.com. There will also be an opportunity to ask questions during the webcast following the presentation.  The video webcast and conference call-in details are provided below.  Video...

President and Chief Executive Officer Craig D. Gates to retire Brett R. Larsen to be promoted immediately to Chief Operating Officer, and to President and Chief Executive Officer on June 30, 2024 Anthony (“Tony”) G. Voorhees to be promoted to Executive Vice President of Administration, Chief Financial Officer and Treasurer on June 30, 2024 Chairman of the Board Patrick Sweeney retiring from the Board of Directors; continuing to serve the Company in an emeritus status Board Member Ronald F. Klawitter to act as Chairman of the Board Cheryl Berenak, founding member and CEO of Clearfield Communications, appointed as a new member of the BoardSPOKANE VALLEY, Wash., Jan. 09, 2024 (GLOBE NEWSWIRE) — Key Tronic Corporation (Nasdaq: KTCC) today announced that effective June 30, 2024, its Board of Directors has named Brett R. Larsen to...

An additional $3 million may be drawn down by the Company, subject to certain conditions Ra’anana, Israel, Jan. 09, 2024 (GLOBE NEWSWIRE) — Rail Vision Ltd. (the “Company”) (Nasdaq: RVSN), a technology company at the forefront of revolutionizing railway safety and the data-related market, today announced the establishment of a $6 million credit facility (the “Credit Facility”) and an additional amount of up to $3 million, subject to certain conditions (the “Additional Loans”), with a global investment firm (the “Lender”). “The successful completion of this financing marks a significant milestone in our ongoing efforts to enhance our capital structure,” said Shahar Hania, CEO of Rail Vision. “The facility strengthens our financial position and improves our ability to accelerate the development and...