Day: March 4, 2024

Brookfield Infrastructure Announces Reset Dividend Rate on Its Series 1 Senior Preferred Shares

Written by Customer Service on March 4, 2024. Posted in Public Companies.

All amounts in Canadian dollars unless otherwise stated BROOKFIELD, NEWS, March 04, 2024 (GLOBE NEWSWIRE) — Brookfield Infrastructure Partners L.P. (“Brookfield Infrastructure”) (NYSE: BIP; TSX: BIP.UN) today announced that BIP Investment Corporation (“BIPIC”), a wholly-owned subsidiary of Brookfield Infrastructure, has determined the fixed dividend rate on its Senior Preferred Shares, Series 1 (“Series 1 Shares”) (TSX: BIK.PR.A) for the five years commencing April 1, 2024 and ending March 31, 2029. Series 1 Shares and Series 2 Shares If declared, the fixed quarterly dividends on the Series 1 Shares during the five years commencing April 1, 2024 will be paid at an annual rate of 7.475% ($0.4671875 per share per quarter). Holders of Series 1 Shares have the right, at their option, exercisable not later than 5:00 p.m. (Toronto time)...

HII Hosts Naval Leaders at Ingalls Shipbuilding

Written by Customer Service on March 4, 2024. Posted in Public Companies.

Ingalls VIP Visit March 2024Chief of Naval Operations Adm. Lisa Franchetti and Assistant Commandant of the Marine Corps Gen. Christopher Mahoney joined U.S. Sen. Roger Wicker, R-Miss, for a visit to HII’s Ingalls Shipbuilding division on Monday, March 4, 2024.PASCAGOULA, Miss., March 04, 2024 (GLOBE NEWSWIRE) — HII (NYSE: HII) announced that Chief of Naval Operations Adm. Lisa Franchetti and Assistant Commandant of the Marine Corps Gen. Christopher Mahoney joined U.S. Sen. Roger Wicker, R-Miss, for a visit to the company’s Ingalls Shipbuilding division today. While in Pascagoula, Franchetti, Mahoney and Wicker toured the shipyard’s facilities and met with Ingalls leadership for an overview of the ships under construction and the investments being made within the shipyard. During the visit, the group toured guided missile...

FLSmidth acquires Farnell-Thompson Applied Technologies to further strengthen its market-leading mill offerings

Written by Customer Service on March 4, 2024. Posted in Public Companies.

PRESS RELEASE 4 March 2024, Copenhagen, DenmarkFLSmidth has acquired 100% of the shares in the Canadian mill engineering, supply and services provider, Farnell-Thompson Applied Technologies Inc. (Farnell-Thompson). Its offerings will be integrated into FLSmidth’s core Mining business. The acquisition is effective immediately. Farnell-Thompson is a global supplier of engineering services, parts and mills to the mining industry. The company already has a long-standing business relationship with FLSmidth. The majority of Farnell-Thompson’s revenue and earnings are generated through the supply of mill engineering services, sale of new mills as well as of spare parts and other services to the company’s customer base, which consists of approximately 70 mills worldwide. Prior to the acquisition Farnell-Thompson has been a consulting partner...

Bitcoin Well Announces Brokered Financing Led by Haywood Securities

Written by Customer Service on March 4, 2024. Posted in Public Companies.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. EDMONTON, Alberta, March 04, 2024 (GLOBE NEWSWIRE) — Bitcoin Well Inc. (“Bitcoin Well” or the “Company”) (TSXV: BTCW; OTCQB: BCNWF), the non-custodial bitcoin business on a mission to enable independence, is pleased to announce that it has entered into an agreement with Haywood Securities Inc. (“Haywood”) dated February 29, 2024 to act as sole agent and sole bookrunner to assist the Company in selling on a commercially reasonable efforts private placement basis, units of the Company (each, a “Unit”) at a price of C$0.175 per Unit (the “Issue Price”) for gross proceeds of a minimum of C$1,250,000 (from the sale of a minimum 7,142,857 Units) and a maximum of C$2,100,000 (from the sale of a maximum of 12,000,000 Units) (the “Offering”). Each...

Telix to Acquire ARTMS, Inc. and its Advanced Isotope Production Platform

Written by Customer Service on March 4, 2024. Posted in Mergers And Acquisitions.

MELBOURNE, Australia, March 05, 2024 (GLOBE NEWSWIRE) — Telix Pharmaceuticals Limited (ASX: TLX, Telix, the Company) today announces it has entered into an agreement to acquire radioisotope production technology firm ARTMS Inc. (ARTMS), its advanced cyclotron-based isotope production platform, manufacturing plant and stockpile of ultra-pure rare metals required for consumable target production. ARTMS, based in Burnaby, British Columbia (BC), Canada, is a privately held, venture-backed company, which specialises in the physics, chemistry and materials science of cyclotron-produced radionuclides. A spin-out company from the internationally renowned TRIUMF, Canada’s particle accelerator centre, ARTMS is a commercial-stage company: its technology is used by the major manufacturing networks to optimise production of a range of medical...

Pathfinder Bancorp Announces Agreement to Acquire East Syracuse Branch

Written by Customer Service on March 4, 2024. Posted in Mergers And Acquisitions.

OSWEGO, N.Y., March 04, 2024 (GLOBE NEWSWIRE) — Pathfinder Bancorp, Inc. (“Pathfinder”) (NASDAQ: PBHC) has announced the signing of a branch purchase and assumption agreement pursuant to which Pathfinder Bank will acquire the East Syracuse, New York branch of Berkshire Bank, located on 6611 Manlius Center Road. The purchase and assumption agreement provides for the transfer by Berkshire to Pathfinder of the facility and other associated assets of the branch, approximately $198 million in deposits, and certain consumer and residential loans with outstanding balances of roughly $32 million. The purchase of the branch by Pathfinder is subject to regulatory approval, associated system conversions, and satisfaction of certain customary closing conditions. The parties expect to close on the purchase and sale of the Berkshire branch by...

Jo-Jo Capital Canada Ltd. Announces Appointment of Chief Financial Officer and Provides Update on Qualifying Transaction

Written by Customer Service on March 4, 2024. Posted in Mergers And Acquisitions.

TORONTO, March 04, 2024 (GLOBE NEWSWIRE) — Jo-Jo Capital Canada Ltd. (the “Company“) (TSXV: JOJO.P) announces that James Fairbairn, the Chief Financial Officer of the Company, has resigned from his role to pursue other interests. Effective immediately, Peter Schloo, the Company’s Chief Executive Officer, has been appointed as Chief Financial Officer of the Company. The Company also announces it has amended its letter of intent (the “LOI”) with 9302204 Canada Inc. (o/a Cheelcare) for the Company’s proposed “Qualifying Transaction” (as such term is defined in the policies of the TSX Venture Exchange) as announced on January 24, 2024. The Company and Cheelcare have agreed to extend the deadline in the LOI to enter into a definitive agreement to March 27, 2024. The parties continue to work diligently towards the execution...

CVG Reports Fourth Quarter and Full Year 2023 Results

Written by Customer Service on March 4, 2024. Posted in Earnings Releases And Operating Results.

Fourth quarter sales of $223 million, record annual sales of $995 million Full year adjusted EBITDA margins increased by 140 bps to 6.8% Provides outlook and guidance for full year 2024 NEW ALBANY, Ohio, March 04, 2024 (GLOBE NEWSWIRE) — CVG (NASDAQ: CVGI), a diversified industrial products and services company, today announced financial results for its fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Highlights (Compared with prior-year period, where comparisons are noted)Revenue of $223.1 million, down 5.0% due primarily to the impacts of a strike-related labor stoppage at a customer facility and reduced demand across Vehicle Solutions, Industrial Automation and Aftermarket segments; however, Electrical Systems segment continues to show strong growth with 19.4% increased revenue. Operating income of...

Sprott Focus Trust, Inc. (Nasdaq-FUND) Declares First Quarter Common Stock Distribution of $0.1286 Per Share

Written by Customer Service on March 4, 2024. Posted in Dividend Reports And Estimates.

TORONTO, March 04, 2024 (GLOBE NEWSWIRE) — Sprott Focus Trust, Inc. (Nasdaq-FUND) (the “Fund” or “FUND”) has declared a quarterly distribution of $0.1286 per share on its Common Stock. The distribution, optionally payable in additional shares of Common Stock or in cash by specific stockholder election, is to be paid on March 28, 2024 to stockholders of record at the close of business on March 14, 2024 (ex-dividend on March 13, 2024). The price of shares issued for reinvestment will be determined on March 21, 2024. The Fund currently has adopted a Distribution Policy of paying quarterly distributions on its Common Stock. Distributions are being made at the annual rate of 6% of the rolling average of the prior four calendar quarter-end net asset values (“NAVs”), with the fourth quarter distribution being the greater of 1.50% of the...

DIRTT Welcomes Shally Pannikode to the Board of Directors

Written by Customer Service on March 4, 2024. Posted in Public Companies.

CALGARY, Alberta, March 04, 2024 (GLOBE NEWSWIRE) — DIRTT Environmental Solutions Ltd. (“DIRTT” or the “Company”), a global leader in industrialized construction, is pleased to announce that Shally Pannikode is joining the DIRTT Board of Directors effective March 4, 2024. Ms. Pannikode has served as a technology executive for several leading healthcare organizations in North America, including Anthem and Humana, and is a recognized leader in digital transformation, data analytics, and AI. She currently serves as Chief Technology Officer at Zelis. “We are thrilled to welcome Shally to our Board of Directors,” said Ken Sanders, Board Chair. “Her executive leadership in digital innovation, her deep knowledge of healthcare markets, and her extensive experience leading distributed teams will both complement and expand the diversity...

Day: March 4, 2024

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