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Month: May 2024

American Hotel Income Properties REIT LP Reports Voting Results of Annual and Special Meeting

VANCOUVER, British Columbia, May 08, 2024 (GLOBE NEWSWIRE) — American Hotel Income Properties REIT LP (“AHIP”) (TSX: HOT.UN, HOT.U, and HOT.DB.V) announces that at its annual and special meeting of unitholders, held earlier today, all directors nominated as listed in the information circular dated April 1, 2024 were directed to be elected as directors of American Hotel Income Properties REIT (GP) Inc. for the ensuing year. As a ballot was not required, the number of votes disclosed in the below table reflects only the proxies received by management of AHIP in advance of the meeting.DIRECTOR VOTES FOR % VOTES WITHHELD %W. Michael Murphy 13,061,050 83.39 2,601,457 16.61Charles van der Lee 12,995,822 82.97 2,666,685 17.03Matthew Cervino 13,084,924 83.54 2,577,583 16.46Stephen Evans 13,059,611 83.38 2,602,896 16.62Amy...

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Athabasca Oil Announces 2024 First Quarter Results, Operational Momentum at Leismer and in the Duvernay, and Return of Capital Execution

CALGARY, Alberta, May 08, 2024 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its first quarter results showcasing continued operational momentum and full execution of its inaugural buyback program. Production growth is underway with the commissioning of the Leismer expansion project and the tie-in of new multi-well pads in Duvernay Energy. Athabasca Corporate Consolidated Q1 2024 HighlightsProduction: Average production of 33,470 boe/d (98% Liquids). Cash Flow: Adjusted Funds Flow of $88 million & Cash Flow from Operating Activities of $77 million. The Company forecasts consolidated 2024 Adjusted Funds Flow of ~$550 million1, with increasing operating scale and strong heavy oil pricing for the balance of the year. Balance Sheet: Net Cash of $90 million; Liquidity...

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Global Water Resources Reports First Quarter 2024 Results

PHOENIX, May 08, 2024 (GLOBE NEWSWIRE) — Global Water Resources, Inc. (NASDAQ: GWRS), a pure-play water resource management company, reported results for the first quarter ended March 31, 2024. All comparisons are to the same year-ago period unless otherwise noted. The company will hold a conference call at 1:00 p.m. Eastern time tomorrow to discuss the results (see dial-in information below). Q1 2024 Financial HighlightsTotal revenue decreased $1.5 million or 11.6% to $11.6 million, primarily attributable to the recognition of $2.3 million in unregulated revenue related to infrastructure coordination and financing agreements (ICFAs) in the first quarter of 2023 that did not occur in the first quarter of 2024. Regulated revenue increased $0.8 million or 6.9% to $11.6 million, primarily due to organic connection growth and increased...

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Birchtree Investments Ltd. Announces Results From Its Annual General and Special Meeting of Shareholders and RSU Grant

VANCOUVER, British Columbia, May 08, 2024 (GLOBE NEWSWIRE) — Birchtree Investments Ltd. (“Birchtree” or the “Company”) ‎‎(CSE: BRCH), an investment company with the long-term goal of divesting its investment assets at a profit, is ‎pleased to announce that its shareholders (the “Shareholders”) have voted at the annual and ‎special meeting of Shareholders (the “Meeting”) in favor of all matters put to Shareholders at the ‎Meeting. All annual matters that were put before Shareholders at the Meeting were approved, including the adoption of the 2024 Equity Incentive Plan of the Company (the “Incentive Plan”), ‎pursuant to which the Company is able to issue share-based long-term incentives. All directors, officers, employees ‎and service providers of the Company and/or its affiliates ‎‎are eligible to receive awards under the Incentive...

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American Aires Announces $3 Million Private Placement

Not for distribution to United States newswire services or for dissemination in the United States TORONTO, May 08, 2024 (GLOBE NEWSWIRE) — Americas Aires Inc. (CSE: WIFI) (OTCQB: AAIRF) (the “Company”), a pioneer in cutting-edge technology designed to protect against electromagnetic radiation and optimize human health, is pleased to announce that it has entered into an agreement with Eight Capital dated May 8, 2024, pursuant to which the Eight Capital has agreed to act as agent, on a “best efforts” basis, in connection with a private placement of up to 3,158,000 units of the Company (the “Units”) at a price of $0.95 per Unit (the “Issue Price”) for gross proceeds of up to $3,000,100 (the “Offering”). Each Unit will be comprised of one common share of the Company (a “Common Share”) and one common share purchase warrant of the Company...

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Pieridae Releases Q1 2024 Financial and Operating Results and Revises 2024 Guidance

Operating Cost Improvements & Growth in Strategic Third Party Processing Business Highlight a Solid Quarter CALGARY, Alberta, May 08, 2024 (GLOBE NEWSWIRE) — Pieridae Energy Limited (“Pieridae” or the “Company”) (TSX: PEA) announces the release of its first quarter 2024 financial and operating results. Pieridae generated Net Operating Income (“NOI”)1 of $23 million during the first quarter of 2024, reflecting aggressive operating cost and fuel gas reductions, and $9 million in hedging gains. Pieridae’s management’s discussion and analysis (“MD&A”) and unaudited interim consolidated financial statements and notes for the quarter ended March 31, 2024 are available at www.pieridaeenergy.com and on SEDAR at www.sedarplus.ca. “Pieridae is delivering on its strategic plan to reduce operating costs, decrease fuel gas consumption...

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Ready Capital Corporation Reports First Quarter 2024 Results

– GAAP LOSS PER COMMON SHARE FROM CONTINUING OPERATIONS OF $(0.45) –– DISTRIBUTABLE EARNINGS PER COMMON SHARE OF $0.29 –– DISTRIBUTABLE RETURN ON AVERAGE STOCKHOLDERS’ EQUITY OF 8.6% – NEW YORK, May 08, 2024 (GLOBE NEWSWIRE) — Ready Capital Corporation (“Ready Capital” or the “Company”) (NYSE: RC), a multi-strategy real estate finance company that originates, acquires, finances, and services lower-to-middle-market (“LMM”) investor and owner occupied commercial real estate loans, today reported financial results for the quarter ended March 31, 2024. “We continue to address the challenges caused by the current recession in commercial real estate,” said Thomas Capasse, Ready Capital’s Chairman and Chief Executive Officer. “The quarter’s valuation allowance is indicative of our intent to aggressively...

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Itafos Reports Strong Operational and Financial Q1 2024 Results

HOUSTON, May 08, 2024 (GLOBE NEWSWIRE) — Itafos Inc. (TSX-V: IFOS) (the “Company”) reported today its Q1 2024 financial and operational highlights. The Company’s financial statements and management’s discussion and analysis for the quarter ended March 31, 2024 are available under the Company’s profile at www.sedarplus.ca and on the Company’s website at www.itafos.com. All figures are in thousands of US Dollars except as otherwise noted. CEO Commentary “We are pleased to report another quarter of strong operational and financial performance. For the three months ended March 31, 2024, we reported revenues of $128.0 million, 7% higher than Q1 2023 driven by increased sales volumes, and adjusted EBITDA of $43.2 million. During Q1 2024, we have continued to make progress on a number of key initiatives related to the company’s asset...

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LogicMark, Inc. to Present at Aegis Capital Corp. Virtual Conference on May 9, 2024

LOUISVILLE, Ky., May 08, 2024 (GLOBE NEWSWIRE) — LogicMark, Inc. (Nasdaq: LGMK), a provider of personal emergency response systems (PERS), health communications devices, and technology for the growing care economy, today announced that Ms. Chia-Lin Simmons, CEO, and Mr. Mark Archer, CFO will speak at the virtual Aegis Capital Corp. Conference on Thursday, May 9th at 11:00 PDT / 2:00 pm EDT. Please register here to attend the conference: https://us02web.zoom.us/meeting/register/tZIkc-mvqjItHdXZp6x-w9XGPgV2CAfRuTqq About LogicMarkLogicMark, Inc. (Nasdaq: LGMK) is on a mission to help people of all ages lead a life with dignity, independence, and the joy of possibility. LogicMark provides personal emergency response systems (PERS), health communications devices, personal safety apps, services, and technologies to create a Connected...

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Acumen Pharmaceuticals to Participate in the 2024 Bank of America Healthcare Conference

CHARLOTTESVILLE, Va., May 08, 2024 (GLOBE NEWSWIRE) — Acumen Pharmaceuticals, Inc. (NASDAQ: ABOS), a clinical-stage biopharmaceutical company developing a novel therapeutic that targets toxic soluble amyloid beta oligomers for the treatment of Alzheimer’s disease, announced today that management will participate in a fireside chat at the 2024 Bank of America Healthcare Conference on Wednesday, May 15, 2024, at 8:55 a.m. PT (11:55 a.m. ET). The live webcast may be accessed under the Investors tab on www.acumenpharm.com and will be archived for 90 days. About Acumen Pharmaceuticals, Inc. Acumen, headquartered in Charlottesville, VA, with additional offices in Indianapolis, IN and Newton, MA, is a clinical-stage biopharmaceutical company developing a novel therapeutic that targets toxic soluble amyloid beta oligomers (AβOs) for the...

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