Day: June 20, 2024

Competition Act amendments silence Canadian businesses taking climate action

CALGARY, Alberta, June 20, 2024 (GLOBE NEWSWIRE) — Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE), as a member of Pathways Alliance, today issued the following statement with respect to the Canadian government’s Bill C-59. As one of the largest oil sands companies in Canada, and a member of the Pathways Alliance, we are steadfast in our commitment to environmental performance and operational emissions reduction. To support our commitment, we have strived to be transparent about our actions and plans, which we believe is critical to building trust and driving improvement. However, our ability to remain transparent has been significantly compromised as a result of Bill C-59, which was recently passed and includes amendments to the Competition Act related to environmental and climate disclosure. With these changes, it is possible that...

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Springbig and Greenline Announce Seamless Loyalty Integration and Upcoming Webinar

BOCA RATON, Fla., June 20, 2024 (GLOBE NEWSWIRE) — Springbig, a leading provider in cannabis loyalty marketing and communications technology, is thrilled to announce our enhanced integration with Greenline, a BLAZE® company, Canada’s most-trusted cannabis point-of-sale solution provider, to offer a seamless loyalty connection that enhances the retail experience for cannabis customers. This collaboration aims to simplify loyalty redemption and reduce the potential for fraud, ensuring a smooth and secure transaction process. The integration between Springbig and Greenline streamlines the checkout process with a deeper, 2-way integration, making it easier for customers to earn and redeem rewards at the POS or from their mobile device. This seamless loyalty connection is designed to increase customer adoption and revenue by ensuring...

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Canadian DJ Duo Loud Luxury and Rock Band The Beaches to Headline Rogers Festival at the Final Concert for Game 6 in ICE District

OEG Sports & Entertainment and Rogers to Co-Host Free Concert in Fan Park @ ICE District Before Game 6 Special concert viewing will be reserved for Rogers customers EDMONTON, Alberta, June 20, 2024 (GLOBE NEWSWIRE) — OEG Sports and Entertainment (OEGSE) and Rogers today announced that Canadian DJ duo Loud Luxury and Canadian rock band The Beaches will be headlining the Rogers Festival at the Final prior to Game 6 with a free performance in ICE District to celebrate the 2024 Stanley Cup Final between the Edmonton Oilers and Florida Panthers. Loud Luxury and The Beaches will perform for fans before Game 6 on Friday, June 21. Performances will begin at 4 p.m. MT in the Scotiabank Fan Park outside Rogers Place before the 6 p.m. MT game time. The concert will be open to the public and the Scotiabank Fan Park gates will open at...

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CPI Aerostructures, Inc. Announces Settlement with SEC

EDGEWOOD, N.Y., June 20, 2024 (GLOBE NEWSWIRE) — CPI Aerostructures, Inc. (NYSE American: CVU) (“CPI Aero” or “Company”), today announced a settlement with the Securities and Exchange Commission (the “SEC” or “Commission”) related to the Company’s previously announced restatements of certain of its financial statements for fiscal periods between January 1, 2018 and December 31, 2022. The Company, without admitting or denying the findings, agreed to a cease-and-desist order regarding Sections 13(a), 13(b)(2)(A), and 13(b)(2)(B) of the Securities Exchange Act of 1934, as amended, and Rules 12b-20, 13a-1, 13a-11, 13a-13, and 13a-15(a) thereunder. The SEC’s order can be found at https://www.sec.gov/files/litigation/admin/2024/34-100389.pdf. The Company has undertaken to fully remediate its material weakness in internal control over...

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Fortuna reports results of Annual and Special Meeting

VANCOUVER, British Columbia, June 20, 2024 (GLOBE NEWSWIRE) — Fortuna Silver Mines Inc. (NYSE: FSM | TSX: FVI) hereby announces the voting results at the Company’s annual and special meeting of shareholders held on June 20, 2024 (the “Meeting”). A total of 153,562,018 common shares were represented at the Meeting, being 50.16% of the Company’s issued and outstanding common shares as at the record date. Shareholders voted in favor of all matters brought before the Meeting, including the appointment of auditors, the election of management’s nominees as directors, and the change of the Company’s name to “Fortuna Mining Corp.” Detailed results of the votes on the election of directors are as follows:   Director Votes For Votes Withheld                     Jorge Ganoza Durant 119,714,127 (99.52%) 573,101 (0.48%)     David Laing 106,847,678 (88.83%) 13,439,550 (11.17%)     Mario...

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Grupo Aeroportuario del Pacifico Announces a Drawdown of a Credit Line for Ps. 875.0 Million

GUADALAJARA, Mexico, June 20, 2024 (GLOBE NEWSWIRE) — Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announces that yesterday drawdown of Ps. 875.0 million from a credit facility with BBVA México, S.A., at a 12-month term. Interest will be payable monthly at a variable rate of TIIE-28 plus 20 basis points, and principal payment due upon maturity on June 19, 2025, without fees. Proceeds from this loan will be allocated to pay and close the acquisition of 51.5% of the company’s shares Guadalajara World Trade Center, S.A. de C.V. (“GWTC”) announced last June 11. Company DescriptionGrupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico’s Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of...

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Dime Announces Expansion in Manhattan With Deposit-Focused Group

Dime continues to execute on growth plan HAUPPAUGE, N.Y., June 20, 2024 (GLOBE NEWSWIRE) — Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”) announced that it has hired a deposit-focused Group that will cover the Manhattan market. The Group will be led by Avi Azuolay. The Group was previously employed with the former Signature Bank and its successor, Flagstar Bank. Stuart H. Lubow, President and Chief Executive Officer of Dime said, “We are excited to announce the addition of another talented deposit-focused Group. Avi and his team have had tremendous success in Manhattan over the past two decades. His team was instrumental in building out Hudson Valley Bank’s Manhattan presence. Subsequent to Hudson Valley Bank’s sale, he had a successful tenure at...

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Algoma Steel Group Reports Fiscal Fourth Quarter and Full Year 2024 Financial Results

Fourth Quarter Results In-Line with Previously Announced Expectations Plate and Strip Operations Running at Planned Production Levels Reaffirmed Outlook on Transformative Electric Arc Furnace (EAF) Project Provides Outlook for Q1 Fiscal 2025 Further Strengthened Liquidity with US$350 Million Senior Secured Second Lien Note Financing SAULT STE. MARIE, Ontario, June 20, 2024 (GLOBE NEWSWIRE) — Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or “the Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today announced results for its fiscal fourth quarter and full year ended March 31, 2024. Unless otherwise specified, all amounts are in Canadian dollars. Business Highlights and Fiscal 2024 to Fiscal 2023 Fourth Quarter Comparisons Consolidated revenue of $620.6 million, compared...

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Dominion Lending Centres Inc. Receives Notice of Inquiry Discontinuance from Competition Bureau

VANCOUVER, British Columbia, June 20, 2024 (GLOBE NEWSWIRE) — Dominion Lending Centres Inc. (TSX:DLCG) (“DLCG” or the “Corporation”) has received a Notice of Inquiry Discontinuance from the Competition Bureau. In May 2023, the Corporation received a court order to produce certain documents, records and data in connection with an inquiry by the Competition Bureau.   The Notice of Inquiry Discontinuance dated June 20, 2024 states: “the Commissioner of Competition (the “Commissioner”) has discontinued the inquiry he caused to be commenced under Part VIII of the Act concerning allegations of anti-competitive conduct by Dominion Lending Centres Inc., Mortgage Centre Canada Inc., Mortgage Architects Inc., and Newton Connectivity Systems Inc., collectively Dominion Lending Centres Group of Companies (“DLCG”).” Gary Mauris, Chairman and...

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Atos – Market Update – 20 June 2024

Press Release Market Update Update on the targeted €800 million short-term interim financing         Final structure agreed for the €450 million short-term interim financing previously committed: €100 million Facilities1 provided by a group of bondholders (fully drawn) €50 million loan from the French State (fully drawn) €225 million additional tranche of facilities backstopped by a group of banks for €125 million and a group of bondholders for €100 million, subject to a waiver from the banks under the €1.5 billion term loan of the Company, to an amendment to the €100 million Facilities previously provided by a group of bondholders and to an agreement in principle on the restructuring terms with the Onepoint Consortium, the Company and the group of banks and bondholders Factoring program reduced to €75 million provided by a group of banks Agreement...

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