Month: January 2024

LONDON and RALEIGH, N.C., Jan. 03, 2024 (GLOBE NEWSWIRE) — Verona Pharma plc (Nasdaq: VRNA) (“Verona Pharma” or the “Company”), announces that senior management will present a company overview at the 42nd Annual J.P. Morgan Healthcare Conference on Wednesday, January 10, 2024 at 4:30 PM PST / 12:30 AM GMT. A webcast of the event will be available on the Events and Presentations link on the Investors page of the Company’s website, www.veronapharma.com. For further information please contact:Verona Pharma plc US Tel: +1-833-417-0262UK Tel: +44 (0)203 283 4200Victoria Stewart, Senior Director of Investor Relations and Communications IR@veronapharma.comArgot PartnersUS Investor Enquiries Tel: +1-212-600-1902verona@argotpartners.comTen Bridge CommunicationsInternational / US Media Enquiries Tel: +1-312-523-5016tbcverona@tenbridgecommunications.comLeslie...

Martela Corporation, insider information, 3.1.2024, at 8:00 a.m. The market situation has been challenging and significantly affected Martela’s operating environment, weakening the company’s business volume and profitability.For the reasons mentioned above, Martela is planning to streamline and reorganize its operations. Actions are taken in order to mitigate the negative effects caused by the market situation and to adapt cost structure to reflect the prevailing conditions. The reorganisation also aims to improve the service experience of Martela’s customers. The planned organisational changes and other activities are estimated to generate annual cost savings of approximately 2 million euros. Most of these are expected to be realised already during 2024 and the savings would be actualised in full within the year 2025....

Hamilton, Bermuda. January 3, 2024 Avance Gas Holding Ltd. («Avance Gas» or «Company») (OSE: AGAS) is today pleased to announce that it has entered into an agreement to sell the Very Large Gas Carrier (VLGC), Venus Glory, built 2008, for a gross cash consideration of $66 million. The vessel is currently trading spot after completing her two-year Time Charter Party (TCP) with IOC at the end of fourth quarter 2023. Delivery of the ship to new owners, a National Oil Company, is expected to take place in February or March 2024. The $66 million sale price is less broker commission of one percent. Hence, the Company expect to record a book gain of approximately $27 million once the transaction is carried out. The net cash proceed after deducting repayment of bank loan is expected to be approximately $40 million. The parties have signed and executed...

TORONTO, Jan. 02, 2024 (GLOBE NEWSWIRE) — Spruce Ridge Resources Ltd. (“Spruce Ridge” or the “Company”) (TSX-V: SHL) announces that further to its press releases dated August 4, 2023 and August 23, 2023, the Company reached a settlement with the former CEO and director which includes a settlement payment of $180,000 plus HST and certain credit card expenses to the former CEO and director, and the transfer from the former CEO and director to the Company of 5 million shares of the Company with a value of $425,000 which shares are to be cancelled. The receivable that was assessed in the annual financial statements for the year ended April 30, 2023 and impaired in the full amount of $631,030 has been recorded as recovered in the financial statements of the Company for the six months ended October 31, 2023. This recovery reflects recognition...

For Immediate Release – Not for Dissemination in the United States or through U.S. Newswire Services Greenville, South Carolina, Jan. 02, 2024 (GLOBE NEWSWIRE) — ARCpoint Inc. (TSXV: ARC) (the “Company” or “ARCpoint”) is pleased to announce that it intends to complete a non-brokered private placement to raise gross proceeds of up to US$1,600,000 (the “Offering”) through the sale of up to 16,000,000 subordinate voting shares of the Company (each, a “Share”) at US$0.10 per Share. The net proceeds from the Offering will be used for operational expenses and other general corporate purposes. The Company anticipates that certain directors, officers and insiders of the Company will purchase Shares in an aggregate amount of up to US$450,000 under the Offering, constituting, to that extent, a “related party transaction” as defined under...

Vancouver, Canada, Jan. 02, 2024 (GLOBE NEWSWIRE) — Oroco Resource Corp. (TSX-V: OCO, OTC: ORRCF) (“Oroco” or “the Company”) is pleased to announce a non-brokered private placement to raise gross proceeds of up to $1,000,000 (the “Private Placement“) through the issuance of up to 2,500,000 units (each a “Unit“) at a price of $0.40 per Unit.  Each Unit is comprised of one common share in the equity of the Company (each, a “Share”) and one share purchase warrant entitling the holder to acquire one additional Share for $0.65 for a period of 18 months from the closing date. The Company intends to use the net proceeds of the Private Placement for working capital and for general corporate purposes.  The Company may pay finder’s fees consisting of cash, share purchase warrants and Shares to certain qualified individuals...

HOUSTON, Jan. 02, 2024 (GLOBE NEWSWIRE) — Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) (NYSE: KYN) today provided a summary unaudited statement of assets and liabilities and announced its net asset value and asset coverage ratios under the Investment Company Act of 1940 (the “1940 Act”) as of December 31, 2023. As of December 31, 2023, the Company’s net assets were $1.8 billion, and its net asset value per share was $10.44. As of December 31, 2023, the Company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 652% and the Company’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 452%. STATEMENT OF ASSETS AND LIABILITIESDECEMBER 31, 2023 // (UNAUDITED)     (in millions)Investments   $ 2,385.6  Cash...

MEMPHIS, Tenn., Jan. 02, 2024 (GLOBE NEWSWIRE) — AutoZone, Inc. (NYSE: AZO) completed its Leadership Transition Plan announced on June 26, 2023. Today, Phil Daniele, a 30-year AutoZoner, who most recently served as Chief Executive Officer-Elect, became President and Chief Executive Officer (CEO). Bill Rhodes, a 29-year AutoZoner, and our CEO for nearly 19 years, who most recently served as Chairman, President and CEO, transitioned into the role of Executive Chairman. “A very special congratulations to Phil on becoming AutoZone’s President and CEO. For only the fifth time in our company’s rich history, we have a new CEO. I am tremendously excited about AutoZone’s future and continued growth under Phil’s leadership,” said Bill Rhodes, Executive Chairman, Customer Satisfaction. “I am extremely honored and enthusiastic about the opportunity...

Not for distribution to United States Newswire Services or for dissemination in the United States TORONTO, Jan. 02, 2024 (GLOBE NEWSWIRE) — Sparton Resources Inc. (TSXV-SRI) (“Sparton” or the “Company”) is pleased to announce the closing on December 29th, 2023, of the second tranche of the non-brokered private placement (the “Offering”) announced on December 8th, 2023, for gross proceeds of C$207,000. This financing is fully closed effective December 31st, 2023. Sparton has issued 1,500,000 Flow-Through Share (“FTS”) Units of the Company (each, an “FTS Unit”) at a price of C$0.05 per FTS Unit for proceeds of C$75,000. Each FTS Unit consists of one common share of the Company and a ½ (one half) non-flow through Share Purchase Warrant (“SPW”) (1,500,000 one-half (1/2) or 750,000 full SPWs). Each FTS will consist of one common share...