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Day: April 22, 2024

Azincourt Energy Corp. Closes First Tranche and Announces Upsize of Private Placement

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, April 22, 2024 (GLOBE NEWSWIRE) — AZINCOURT ENERGY CORP. (“Azincourt” or the “Company”) (TSX.V: AAZ), is pleased to announce it has closed a first tranche of its non-brokered private placement consisting of 10,714,356 flow-through units (the “FT Units”) offered at a price of $0.035 per FT Unit (the “Offering”) for gross proceeds of $375,002.50. The Company is also pleased to announce an upsize to the Offering and will now raise aggregate gross proceeds of up to $500,000. Each FT Unit is comprised of one flow-through common share (a “FT Share”) and one common share purchase warrant (a “Warrant”). Each Warrant is exercisable at a price of $0.05 into one common share for a period of 36 months from...

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Western Investment Company Gives Notice of Trade Resumption on April 23, 2024 and Provides Update on the Shares it has Secured in Fortress Insurance

The Total Shares Held and Secured Through Purchase Agreements Now Represents 45.5% of the Shares Outstanding in Fortress Insurance CALGARY, Alberta, April 22, 2024 (GLOBE NEWSWIRE) — The Western Investment Company of Canada Limited (TSXV: WI) (“Western” or the “Corporation“) today announced that it has secured agreements in aggregate to purchase 3,200,000 shares in Fortress Insurance Company (“Fortress“), or 45.5% of the total shares outstanding in Fortress, for CA$8,320,000 (the “Share Purchases“). These Share Purchases are conditional on the closing of the proposed transaction with companies affiliated with Paul Rivett to invest at least $20 million into the Corporation (the “Transaction“) which was previously announced on March 22, 2024. The Share Purchases will increase...

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Cidara Therapeutics Provides Corporate Update and Reports Fourth Quarter and Full Year 2023 Financial Results

SAN DIEGO, April 22, 2024 (GLOBE NEWSWIRE) — Cidara Therapeutics, Inc. (Nasdaq: CDTX) (the Company), a biotechnology company using its proprietary Cloudbreak® platform to develop drug-Fc conjugate (DFC) immunotherapies designed to save lives and improve the standard of care for patients facing serious diseases, today reported financial results for the fourth quarter and full year ended December 31, 2023 and provided an update on its corporate activities and product pipeline. “2023 included significant accomplishments throughout our business within both our Cloudbreak® drug-Fc conjugate (DFC) and our REZZAYO® (rezafungin) programs,” said Jeffrey Stein, Ph.D., president and chief executive officer of Cidara. “With respect to our DFC platform, we continue to generate and present compelling data from our oncology programs as well as...

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Brown & Brown, Inc. announces first quarter 2024 results, including total revenues of $1,258 million, an increase of 12.7%; Organic Revenue growth of 8.6%; diluted net income per share of $1.02; Diluted Net Income Per Share – Adjusted of $1.14; and a quarterly dividend of $0.13 per share

DAYTONA BEACH, Fla., April 22, 2024 (GLOBE NEWSWIRE) — Brown & Brown, Inc. (NYSE:BRO) (the “Company”) announced its unaudited financial results for the first quarter of 2024. Revenues for the first quarter of 2024 under U.S. generally accepted accounting principles (“GAAP”) were $1,258 million, increasing $142 million, or 12.7%, compared to the first quarter of the prior year, with commissions and fees increasing by 11.6% and Organic Revenue increasing by 8.6%. Income before income taxes was $364 million, increasing 23.8% from the first quarter of the prior year with Income Before Income Taxes Margin increasing to 28.9% from 26.3%. EBITDAC – Adjusted was $466 million, increasing 17.1% compared to the first quarter of the prior year with EBITDAC Margin – Adjusted increasing to 37.0% from...

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iLearningEngines Reports Fourth Quarter and Full Year 2023 Results

Fourth quarter revenue grew 39% year-over-year to $116 million Posts record full year revenue of $421 million, up 36% year-over-year, and ARR growth accelerates to 43% year-over-year BETHESDA, Md., April 22, 2024 (GLOBE NEWSWIRE) — iLearningEngines, Inc. (NASDAQ: AILE) (“iLearningEngines”, “ILE”, or “the Company”), a leader in AI-powered learning automation and information intelligence for corporate and educational use, today announced financial results for the fourth quarter and fiscal year ended December 31, 2023. “The fourth quarter capped off a strong 2023,” said Harish Chidambaran, Chief Executive Officer of iLearningEngines. “During 2023, we expanded our core markets, grew end customers and licensed users, achieved 36% revenue growth year-over-year, and reached $447 million of annual recurring revenue . We are pleased...

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Finning to report Q1 2024 results on May 6 and hold investor call on May 7, 2024

VANCOUVER, British Columbia, April 22, 2024 (GLOBE NEWSWIRE) — Finning International Inc. (TSX: FTT) (“Finning”) will report Q1 2024 results on May 6, 2024 after markets close and hold the investor call on May 7, 2024 at 10:00 AM Eastern Time. To access the investor call, please dial one of the following numbers: 1-844-763-8274 (Canada and US toll free); 1-647-484-8814 (international toll); 44-20-3795-9972 (UK toll). The investor call will be webcast live and archived for three months. Please visit our website to access the webcast and accompanying presentation. About FinningFinning is the world’s largest Caterpillar dealer, delivering unrivalled service to customers for over 90 years. Headquarters in Surrey, British Columbia, we provide Caterpillar equipment, parts, services, and performance solutions in Western Canada, Chile,...

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Scorpius Holdings Announces Receipt of Filing Delinquency Notification

Reaffirms commitment to regaining compliance with the NYSE American continued listing standards DURHAM, N.C., April 22, 2024 (GLOBE NEWSWIRE) — Scorpius Holdings, Inc (NYSE American: SCPX), an integrated contract development and manufacturing organization (CDMO), received an official notice of noncompliance (the “NYSE American Notice”) from NYSE Regulation stating that the Company is not in compliance with NYSE American LLC (“NYSE American” or the “Exchange”) continued listing standards (the “Filing Delinquency Notification”) under the timely filing criteria included in Section 1007 of the NYSE American Company Guide (the “Company Guide”) due to the failure to timely file the Company’s Form 10-K for the period ended December 31, 2023 (the “Delinquent Report”) by the filing due date of April 16, 2024 (the “Filing Delinquency”). As...

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Parker to Announce Fiscal 2024 Third Quarter Earnings on May 2; Conference Call and Webcast Scheduled for 11 a.m. Eastern Time

CLEVELAND, April 22, 2024 (GLOBE NEWSWIRE) — Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that it will release its fiscal 2024 third quarter earnings before the market opens on Thursday, May 2, 2024, followed by a conference call at 11:00 a.m., Eastern time. During the call, the company will discuss fiscal 2024 third quarter results and respond to questions from institutional investors and security analysts. The conference call will be webcast simultaneously on Parker’s investor information website at investors.parker.com with an accompanying slide presentation. The webcast will be archived on the site and available for replay later that day. Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century the company...

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Lithium Argentina to Release First Quarter 2024 Results on May 13, 2024

VANCOUVER, British Columbia, April 22, 2024 (GLOBE NEWSWIRE) — Lithium Americas (Argentina) Corp. (TSX: LAAC) (NYSE: LAAC) (“Lithium Argentina” or the “Company”) will release its first quarter 2024 earnings results after market close on Monday, May 13, 2024. The Company will hold a webcast and conference call to discuss its first quarter 2024 results on Tuesday, May 14, at 10:00 a.m. ET. The webcast will be accessible on the Investor Relations section of the Company website at https://lithium-argentina.com/investor-relations/events-and-presentations/default.aspx Webcast Details: Event Title: Lithium Argentina First Quarter 2024 Earnings CallEvent Date: May 14, 2024Start Time: 10:00 AM Easter time (US and Canada) Attendee URL:https://events.q4inc.com/attendee/200837419 Replay Information:A webcast replay will be available following...

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First Bank Announces First Quarter 2024 Net Income of $12.5 Million

Results benefited from our expanded customer base, repositioned balance sheet, and solid asset quality HAMILTON, N.J., April 22, 2024 (GLOBE NEWSWIRE) — First Bank (Nasdaq Global Market: FRBA) (the Bank) today announced results for the first quarter of 2024. Net income for the first quarter of 2024 was $12.5 million, or $0.50 per diluted share, compared to $7.0 million, or $0.36 per diluted share, for the first quarter of 2023. Return on average assets, return on average equity and return on average tangible equity[i] for the first quarter of 2024 were 1.41%, 13.36% and 15.64%, respectively, compared to 1.03%, 9.70% and 10.39%, respectively, for the first quarter of 2023. First Quarter 2024 Performance Highlights:The Bank’s primary measures of profitability broadly improved from the first quarter of 2023. Return on average assets...

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