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Day: July 26, 2024

SRIVARU Holding Limited Announces Receipt of Nasdaq Delisting Notification and Plans to Appeal

GRAND CAYMAN, Cayman Islands, July 26, 2024 (GLOBE NEWSWIRE) — SRIVARU Holding Limited (Nasdaq: SVMH, SVMHW) (“SRIVARU” or the “Company”), a manufacturer of premium electric motorcycles today announced that on July 24, 2025, the Company received a staff determination letter (the “Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company of the determination of the Nasdaq staff (the “Staff”) that because the Company had not regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5450(a)(1) (the “Rule”), the Company’s ordinary shares are now subject to delisting from the Nasdaq Global Market. In addition, the Staff advised that the Company’s warrants are subject to delisting pursuant to Listing Rule 5455(a). Unless the Company requests an...

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LNG Energy Group Announces Shareholder Alignment Initiatives

TORONTO, July 26, 2024 (GLOBE NEWSWIRE) — LNG Energy Group Corp. (TSXV: LNGE) (TSXV: LNGE.WT) (OTCQB: LNGNF) (FRA: 6MH) (the “Company” or “LNG Energy Group”) announced today the following shareholder alignment initiatives: Shareholder Alignment Initiatives The Company is pleased to announce that Oak Hill Financial Inc. (“Oak Hill”), an advisory firm to the Company, has agreed to settle certain advisory fees owed to them in common shares in the capital of the Company (“Common Shares”).  Oak Hill has agreed to receive 216,960 Common Shares at a deemed price of $0.50 per share to settle $108,480 of advisory fees. The Common Shares issued to Oak Hill shall be subject to a monthly release schedule whereby the Common Shares will be released in ten monthly tranches to Oak Hill. DSU and Options In connection with the year-end annual equity...

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Highland Copper Announces Grant of Stock Options, Restricted Share Units and Deferred Share Units

VANCOUVER, British Columbia, July 26, 2024 (GLOBE NEWSWIRE) — Highland Copper Company Inc. (TSXV: HI; OTCQB: HDRSF) (“Highland” or the “Company”) announces that, subject to regulatory approval, it has approved the grant of 7,875,000 incentive stock options, 2,161,000 Restricted Share Units and 1,812,500 Deferred Share Units to directors, executive officers and employees of the Company. The options are exercisable at an exercise price of $0.12 per share for a period of up to five years and will vest as to one third immediately and one third on each of the first and second anniversary of the grant. The Restricted Share Units and Deferred Share Units will vest as to one third on each of the first, second and third anniversary of the grant. About Highland Copper Company Highland Copper Company Inc. is a Canadian company focused on...

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NioBay Announces Closing of a Private Placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES MONTRÉAL, July 26, 2024 (GLOBE NEWSWIRE) — NioBay Metals Inc. (“NioBay” or the “Company”) (TSX-V: NBY) (OTCQB: NBYCF) is pleased to announce the closing of a private placement (the “Offering”). Under the Offering, the Company raised proceeds of $981,550 from the sale of 14,022,142 Quebec-eligible flow-through units of the Company (each, a “Québec FT Unit”) at a price of $0.07 per Quebec FT Unit. Each Québec FT Unit consists of one common share of the Company issued as a “flow-through share” within the meaning of the Income Tax Act (Canada) and the Taxation Act (Québec) and one half of one common share purchase warrant (each whole warrant, a “Warrant”). Each whole Warrant entitles the holder to purchase one Common Share at a price of...

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Grupo Aeroportuario del Pacifico Announces Amendments to the Concession Agreement of Jamaican Airports

GUADALAJARA, Mexico, July 26, 2024 (GLOBE NEWSWIRE) — Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announces that it has signed amendments to the Concession Agreement with the Airports Authority of Jamaica (“AAJ”) associated with the Montego Bay and Kingston Airports, derived from the effects suffered by the Concessionaires during the COVID-19 pandemic. The main amendments were the following: Montego Bay Airport: The Concession Period will expire thirty-one (31) years after the commencement date, in March 2034. This represents one additional year to the original Concession Period. Kingston Airport: Concession Fee changes from 62.01% of the Gross Revenues to 53.22%, from the Effective Date, which is September 11, 2023. Accordingly, the amounts paid to the owner (AAJ) in excess...

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First Central Savings Bank Reports Second Quarter 2024 Net Income of $1.2 million ($0.11 EPS), Net Interest Income Growth, and Stable Asset Quality

Performance HighlightsNet Income: Net income for the quarter ended June 30, 2024, was $1.2 million or $0.11 per share, compared to $1.2 million or $0.12 per share recorded in the prior linked quarter and $2 million or $0.18 per share in the comparable 2023 quarter. Net Interest Income: The Bank recorded net interest income of $6.8 million for the quarter ended June 30, 2024, an increase of $263 thousand on a linked quarter basis due to loan growth and margin expansion. Net Interest Margin and Spread: The Bank’s net interest margin increased during the quarter ended June 30, 2024, to 2.84% from 2.79% in the quarter ended March 31, 2024. Stable Asset Quality: At June 30, 2024, the Bank’s asset quality was strong with 0.58% non-performing loans to total loans compared to 0.59% in the prior quarter. Financial Performance Metrics: Return...

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Ingersoll Rand Declares Regular Quarterly Cash Dividend

DAVIDSON, N.C., July 26, 2024 (GLOBE NEWSWIRE) — The Board of Directors of Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and life science and industrial solutions, declared today a regular quarterly cash dividend of $0.02 (two cents) per share of common stock payable on September 5, 2024, to stockholders of record on August 15, 2024. About Ingersoll Rand Inc.Ingersoll Rand Inc. (NYSE:IR), driven by an entrepreneurial spirit and ownership mindset, is dedicated to Making Life Better for our employees, customers, shareholders, and planet. Customers lean on us for exceptional performance and durability in mission-critical flow creation and life science and industrial solutions. Supported by over 80+ respected brands, our products and services excel in the most complex and harsh conditions. Our...

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Patagonia Gold Announces Increase to Loan Facility

VANCOUVER, British Columbia, July 26, 2024 (GLOBE NEWSWIRE) — Patagonia Gold Corp. (“Patagonia” or the “Company”) (TSXV: PGDC) announces it has entered into an agreement with Cantomi Uruguay S.A. (“Cantomi”) to increase the maximum aggregate amount of the Cantomi Loan (as defined below). The original loan facility, which Cantomi provided in February 2019 for US$15 million was subsequently amended and further increased to US$33 million with a maturity date of December 31, 2025 (as amended, the “Cantomi Loan”). The agreement amending the Cantomi Loan provides that the maximum aggregate amount of the Cantomi Loan is increased to US$35 million. The funds from the increased Cantomi Loan will be used to refinance existing lines of credit to reduce interest costs and for general working capital purposes. Other than the amendment to increase...

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Globex Mining Enterprises Inc. Announces Renewal of Normal Course Issuer Bid

ROUYN-NORANDA, Quebec, July 26, 2024 (GLOBE NEWSWIRE) — GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exchanges and GLBXF – OTCQX International in the US) is pleased to announce that the Toronto Stock Exchange (“TSX”) has approved the renewal of Globex’s normal course issuer bid (“NCIB”). Under the renewed NCIB, Globex will be entitled to repurchase for cancellation up to 1,000,000 common shares, representing approximately 1.78% of Globex’s issued and outstanding shares as of July 19, 2024, over a twelve-month period starting on August 2, 2024 and ending on August 1, 2025. The purchases by Globex will be effected through the facilities of the TSX and on alternative trading systems...

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