Month: May 2024

TORONTO, May 31, 2024 (GLOBE NEWSWIRE) — Pasinex Resources Limited (CSE: PSE) (FSE: PNX) (The “Company” or “Pasinex”) announces that, further to its news releases dated April 22, 2024, May 13, 2024, May 24, 2024, and May 28, 2024, the Company has filed its annual financial statements, management’s discussion and analysis, and related certifications for the year ended December 31, 2023 (collectively, the “Annual Filings”) on SEDAR+. The Company expects that the Management Cease Trade Order (“MCTO“) issued by the British Columbia Securities Commission (“BCSC“) on April 30, 2024 will be revoked in the coming days. The MCTO prohibits all trading in the capital of the Company, whether directly or indirectly, by the Company’s CEO and CFO. This trading prohibition will continue until the MCTO is revoked....

VANCOUVER, British Columbia, May 31, 2024 (GLOBE NEWSWIRE) — MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG”, or the “Company”) today announced that it has obtained a receipt for the final short form base shelf prospectus (the “Final Shelf Prospectus”) filed with the securities commissions in all of the provinces and territories of Canada. A corresponding registration statement on Form F-10 has been filed with the United States Securities and Exchange Commission (the “SEC”) under the United States Securities Act of 1933, as amended and the U.S./Canada Multijurisdictional Disclosure System (the “Registration Statement”), and has become effective under the U.S./Canada Multijurisdictional Disclosure System. The Final Shelf Prospectus and Registration Statement will allow the Company to offer up to U.S.$250 million of common shares,...

MATHESON, Ontario, May 31, 2024 (GLOBE NEWSWIRE) — Mayfair Gold Corp. (“Mayfair” or the “Company”) (TSX-V: MFG; OTCQB: MFGCF) announces that it has received correspondence from all Terminating Employees (as defined below) except Patrick Evans, that they may be willing to rescind their Terminating Notices (as defined below) and direct that their respective portions of the Change of Control Payment (as defined below), totaling approximately $2.47 million, be returned to the Company if acceptable settlement terms are reached. Terminating Employees and Change of Control Payments As previously disclosed by the Company, on May 1, 2024, Patrick Evans (CEO), Justin Byrd (CFO), Howard Bird (VP Exploration) and certain other employees (the “Terminating Employees”) delivered notices (the “Terminating Notices”) to the board of directors of...

Boston, May 31, 2024 (GLOBE NEWSWIRE) — The Boston Beer Company, Inc. (NYSE: SAM) is aware of today’s Wall Street Journal article on company sale speculation. We do not comment on rumors. We are fully focused on our business as an independent company and our return to growth.  CONTACT: Dave DeCecco Boston Beer Company 617-368-5000 dave.dececco@bostonbeer.com

TORONTO, May 31, 2024 (GLOBE NEWSWIRE) — Carbon Streaming Corporation (Cboe CA: NETZ) (OTCQB: OFSTF) (FSE: M2Q) (“Carbon Streaming” or the “Company”) today announced the following changes to its board of directors (the “Board”) and senior management. The changes follow recent constructive discussions between the Board and certain of the Company’s shareholders, led by Marin Katusa. Justin Cochrane and Maurice Swan have resigned as directors of the Company. Continuing as directors are Candace MacGibbon, Alice Schroeder and Jeanne Usonis. Christian Milau, Marcel de Groot and Olivier Garret have joined the Board of Carbon Streaming. Mr. Milau has also been appointed interim Chief Executive Officer (“CEO“) of the Company. Mr. Garret has been appointed as Chair of the Board. Mr. Garret will Chair all committees of the...

MISSISSAUGA, Ontario, May 31, 2024 (GLOBE NEWSWIRE) — KP Tissue Inc. (TSX: KPT) which has a limited equity interest in Kruger Products Inc. (the “Company”), announced today that the 482 unionized employees at its Crabtree plant and Joliette warehouse, have commenced a strike yesterday at 10:00 p.m. “We are disappointed by the union’s decision to strike as we have been negotiating in good faith with the union since September, 2023. We have always treated our employees fairly and provided them with a competitive compensation package for our industry and the viability of our plant. We trust that the union will return to the bargaining table so that we can conclude a new collective agreement that is in the best interest of all parties.” stated Dino Bianco, CEO of the Company. The Company has activated its contingency plan including...

CALGARY, Alberta, May 31, 2024 (GLOBE NEWSWIRE) — FLINT Corp. (“FLINT” or the “Company”) (TSX: FLNT) today announced that it has extended the maturity dates of (i) its Asset-Based Revolving Credit Facility with The Toronto-Dominion Bank that provides for maximum borrowings of up to $50 million to April 14, 2027 (previously April 14, 2025), (ii) its Term Loan Facility with Canso Investment Counsel Ltd., in its capacity as portfolio manager for and on behalf of certain accounts that it manages, that provides for maximum borrowings of up to $40.5 million to October 14, 2027 (previously October 14, 2025), and (iii) its 8% Senior Secured Debentures to October 14, 2027 (previously March 23, 2026). “We value our relationship with TD Bank and Canso and appreciate the commitment they have shown by extending the maturity date of their respective...

TORONTO, May 31, 2024 (GLOBE NEWSWIRE) — Northfield Capital Corporation (TSX-V: NFD.A) (the “Company”) today announces that it has granted a total of 200,000 stock options to purchase class A restricted voting share of the Company (a “Share”) to certain directors, officers and consultants at an exercise price of $21.50 per Share, expiring on May 31, 2029. The Options will vest in three parts with one-third vesting upon shareholders of the Company approving a new omnibus equity incentive plan (the “Plan”) at its upcoming annual general and special meeting of shareholders to be held on June 27, 2024, one-third vesting on May 31, 2025 and the final one-third vesting on May 31, 2026. The grants are subject to the approval of the TSX Venture Exchange and the approval of the Plan by shareholders. For further information, please contact: Michael...

VANCOUVER, British Columbia, May 31, 2024 (GLOBE NEWSWIRE) — Eldorado Gold Corporation (“Eldorado” or the “Company”) Eldorado Gold Corporation (“Eldorado” or “the Company”) is pleased to announce the publication of its 2023 Sustainability Report (the “Report”), which provides details of the Company’s environmental, social and governance (“ESG”) performance over the past year. The Report is available on Eldorado Gold’s website (https://sustainability.eldoradogold.com). All financial figures stated within this release are in U.S. dollars unless otherwise stated. “At Eldorado, health, safety and sustainability are key to who we are and is considered in everything we do, from exploration to closure, as we continue to break new ground and deliver lasting positive impacts,” said George Burns, Eldorado’s President and CEO. “The 12th annual...

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES ROUYN-NORANDA, Quebec, May 31, 2024 (GLOBE NEWSWIRE) — Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) (OTCQB: ABMBF) announces that it has completed a fourth closing of the non-brokered private placement announced on March 12, 2024 (the “Private Placement”), for additional gross proceeds of $1,060,000, representing 21,200,000 units of the Corporation (the “Units”), at a price of $0.05 per Unit. Each Unit consists of one common share of the Corporation (a “Common Share”) and one common share purchase warrant (a “Warrant”). Each Warrant entitles its holder to subscribe for one Common Share at a price of $0.06 for a period of 36 months. To date, Abcourt has issued a total of 75,883,000...