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Day: March 13, 2024

Solaris Provides Disclosure Clarifications

VANCOUVER, British Columbia, March 13, 2024 (GLOBE NEWSWIRE) — Solaris Resources Inc. (TSX: SLS; OTCQB: SLSSF) (“Solaris” or the “Company”) is issuing the following news release as a result of a continuous disclosure review by the British Columbia Securities Commission. The Company has disclosed in its technical report with an effective date of April 1, 2022, certain Company press releases, and in its corporate presentation both a mineral resource estimate for the greater Warintza project and a mineral resource estimate for an indicative starter pit at the Warintza project. CIM Best Practices state that there can only be one mineral resource on a project. The Company is therefore required to select one of these mineral resource estimates as its mineral resource estimate for the Warintza project. On this basis, the Company is retracting...

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two and LatAm Logistic Properties, S.A. Announce Effectiveness of Registration Statement on Form F-4 in Connection with Business Combination

LLP Sets Special Meeting Date ZEPHYR COVE, Nev. and SAN JOSÉ, Costa Rica, March 13, 2024 (GLOBE NEWSWIRE) — two (NYSE: TWOA) (“TWOA”), a special purpose acquisition company, and LatAm Logistic Properties, S.A. (d/b/a LatAm Logistic Properties) (“LLP”), a leading developer, owner, and manager of institutional quality, Class A industrial and logistics real estate in Central and South America, today announced that the Securities and Exchange Commission (“SEC”) has declared effective the amended registration statement on Form F-4 (the “Registration Statement”) filed by Logistic Properties of the Americas (“Pubco”) in connection with LLP and TWOA’s previously announced proposed business combination (the “Business Combination” or the “Transaction”). Following the close of the Business Combination, LLP and TWOA will merge...

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Source Energy Services Announces Acquisition of Sand Trucking Assets

CALGARY, Alberta, March 13, 2024 (GLOBE NEWSWIRE) — (TSX:SHLE) Source Energy Services Ltd. (“Source”) is pleased to announce that it has acquired RWR Trucking Inc.’s (“RWR”) sand trucking assets for a combination of cash, vendor take back note, and assumed lease obligations. Source has acquired a fleet of 27 tractors and 52 trailers that will account for approximately 10% of its Last Mile Trucking requirements. Key members of the RWR team, including drivers, dispatchers, and support personnel are now key members of the Source team. “The acquisition of the RWR assets strengthens our Last Mile Logistics service offering and, when coupled with the consistency of our Peace River hauls, will result in a highly utilized fleet,” said Scott Melbourn, Chief Executive Officer. “This transaction aligns seamlessly with our commitment to grow...

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Silver Storm Announces Non-Brokered Private Placement Offering of Up to $2 Million

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES TORONTO, March 13, 2024 (GLOBE NEWSWIRE) — Silver Storm Mining Ltd. (“Silver Storm” or the “Company“) (TSX.V: SVRS | OTCQB: SVRSF | FSE: SVR), is pleased to announce its intention to complete a non-brokered private placement offering of up to 18,200,000 units of the Company (“Units”) at a price of $0.11 per Unit (the “Issue Price”) for gross proceeds of up to $2 million (the “Offering“). The Company reserves the right to increase the size of the Offering, subject to the approval of the TSX Venture Exchange (“TSXV”). Each Unit will consist of one common share of the Company (a “Common Share“) and one half of one common share purchase warrant (each whole warrant, a “Warrant“)....

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KEON CAPITAL INC. EXECUTES DEFINITIVE AGREEMENTS RESPECTING PROPOSED TRANSACTION WITH FRAME HOLDINGS INC.

Vancouver, B.C., March 13, 2024 (GLOBE NEWSWIRE) — Keon Capital Inc. (“Keon” or the “Company”) (TSXV: KEON.H) is pleased to provide an update respecting its previously announced transaction (the “Transaction”) with Frame Holdings Inc. (“Frame”) pursuant to which Keon will acquire all of the issued and outstanding Frame shares from the Frame shareholders (see Keon’s news release dated November 6, 2023 announcing the execution of an LOI respecting the Transaction). Transaction Agreements Keon, Frame and 1469253 B.C. Ltd. (“Subco”, a newly incorporated wholly-owned subsidiary of Keon) have now executed a business combination agreement (the “Business Combination Agreement”) and an amalgamation agreement (the “Amalgamation Agreement”), each dated as of March 12, 2024. The Transaction is structured as a three-cornered amalgamation (the...

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AMG Critical Materials N.V. Publishes 2023 Annual Report

Amsterdam, 13 March 2024 — AMG Critical Materials N.V. (“AMG”, EURONEXT AMSTERDAM: “AMG”) has published its 2023 Annual Report. The 2023 Annual Report is available to investors and other interested parties via the AMG website (www.amg-nv.com). Hard copies of the 2023 Annual Report can be requested by contacting AMG via email at info@amg-nv.com. About AMG AMG’s mission is to provide critical materials and related process technologies to advance a less carbon-intensive world. To this end, AMG is focused on the production and development of energy storage materials such as lithium, vanadium, and tantalum. In addition, AMG’s products include highly engineered systems to reduce CO2 in aerospace engines, as well as critical materials addressing CO2 reduction in a variety of other end use markets. AMG’s...

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River Valley Community Bancorp profiled as an “Exceptional Bank” by The Findley Companies

YUBA CITY, Calif., March 13, 2024 (GLOBE NEWSWIRE) — River Valley Community Bancorp (OTC markets: RVCB) with its wholly owned subsidiary, River Valley Community Bank (collectively referred to as the “RVCB), has been featured as an “Exceptional Bank” in The Findley Report’s March 2024 Newsletter. About the Findley CompaniesSince 1965, The Findley Companies have been committed to supporting “Premier Performance” for California Financial institutions. The Findley Companies publishes the highly recognized The Findley Report Newsletter, a monthly publication providing essential banking transactions and regulatory updates in an editorial format. These newsletters, and more information on the Findley Companies, can be found at www.findley-reports.com. River Valley Community Bank has been profiled as an “Exceptional Bank” in The Findley...

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VAALCO Energy, Inc. Announces Fourth Quarter and Full Year 2023 Financial and Operating Results

VAALCO Reports Record Financial Results and Shareholder Returns Following Year of Expansion HOUSTON, March 13, 2024 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) (“VAALCO” or the “Company”) today reported operational and financial results for the fourth quarter and full year of 2023. The Company also provided 2024 operational and financial guidance for the first quarter and full year of 2024. 2023 Full Year Highlights: Reported full year (“FY”) 2023 net income of $60.4 million ($0.56 per diluted share) and net cash from operating activities of $223.6 million; Generated record Adjusted EBITDAX(1) of $280.4 million and $119.7 million of Free Cash Flow (“FCF”)(1) in FY 2023; Returned $50.3 million or 42% of FCF to shareholders in 2023 through dividends and buybacks; Raised production...

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BioSyent Releases Financial Results for Fourth Quarter and Full Year 2023

MISSISSAUGA, Ontario, March 13, 2024 (GLOBE NEWSWIRE) — BioSyent Inc. (“BioSyent”, TSX Venture: RX) released today its financial results for the fourth quarter (Q4) and full year (FY) ended December 31, 2023. Key highlights include:(CAD) Q4 2023 % Change vs. Q4 2022 FY 2023 % Change vs. FY 2022Canadian Pharma Sales 7,989,098 10 % 29,554,899 13 %International Pharma Sales 54,750 -54 % 1,047,747 53 %Total Company Sales 8,273,686 11 % 31,590,302 13 %EBITDA1 1,650,301 5 % 7,926,478 7 %Net Income After Taxes (NIAT) 1,450,791 21 % 6,460,127 18 %Fully Diluted EPS 0.12 33 % 0.53 20 %Return on Equity for FY 2023 was 19% as compared to 17% for FY 2022 During FY 2023, repurchased for cancellation a total of 400,100 common shares under a Normal Course Issuer Bid (NCIB) Paid quarterly dividends of $0.04 per common...

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American Lithium Receives NASDAQ Notice of Minimum Price Deficiency and Clarifies Previous Engagement with New Era Publishing Inc.

VANCOUVER, British Columbia, March 13, 2024 (GLOBE NEWSWIRE) — American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | Nasdaq:AMLI | Frankfurt:5LA1) has received written notification (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”) on March 8, 2024, indicating that the Company is not in compliance with the minimum bid price requirement of US$1.00 per share under Nasdaq Listing Rule 5550(a)(2) based upon the closing bid price of the Company’s common shares for the thirty consecutive business days from January 25, 2024 to March 7, 2024. The Notice has no immediate effect on the listing or trading of the Company’s common shares on Nasdaq, and the Company’s operations are not affected by the receipt of the Notice. Under Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided 180 calendar days from...

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