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Day: November 6, 2024

Xanadu Mines Announces $5.5 Million Placement

Not for release to US wire services or distribution in the United States Highlights Firm commitments received for a Placement to raise approximately $5.5 million (before costs). The Placement was well supported by both domestic and international, natural resources-focused institutional investors. The Placement may be expanded to include other potential strategic parties on similar terms, subject to final approvals and formal documentation. The Company has entered a consultation period with Zijin Mining Group Co., Ltd (Zijin) in respect to the Khuiten Joint Venture (JV). As part of these on-going discussions, Zijin will be given an opportunity to participate in the Placement to maintain its 19.4% shareholding in Xanadu Mines, subject to documentation, regulatory and shareholder approvals. TORONTO, Nov. 05, 2024 (GLOBE NEWSWIRE) —...

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AvePoint Launches AI Lab in Singapore to Drive Industry-Focused Innovation

Supported by the Singapore Economic Development Board (EDB), AvePoint continues its investment in AI research and development SINGAPORE, Nov. 06, 2024 (GLOBE NEWSWIRE) — AvePoint (Nasdaq: AVPT), the global leader in data management and data governance, today announced the launch of its AI Lab, supported by the Singapore Economic Development Board (EDB), to advance AI-driven research and innovation in the cutting-edge domains of artificial intelligence (AI) and machine learning. The AI Lab is set to address global industry challenges by fostering new research and embedding AI across the AvePoint Confidence Platform. The AI Lab will serve as a central hub for high-impact research in AI, focusing on spurring industry-relevant R&D while having a global reach. Researchers, drawn from both local and international talent pools, will...

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ARCPOINT GRANTS DEFERRED SHARE UNITS

Greenville, South Carolina, Nov. 05, 2024 (GLOBE NEWSWIRE) — ARCpoint Inc. (TSXV: ARC) (the “Company” or “ARCpoint”) announces that it has granted 2,000,000 deferred share units (“DSUs”) to a director of the Company. The DSUs were granted in consideration for services provided by the director for the period from October 21, 2022 to October 31, 2024. The DSUs were granted under the Company’s omnibus incentive plan dated October 21, 2022. Each DSU entitles the holder to received one Class A subordinate voting share in the capital of the Company at the time the holder ceases to be a director of the Company. About ARCpoint Inc.ARCpoint is a leading US-based franchise system providing drug testing, alcohol screening, DNA and clinical lab testing, corporate wellness programs, and employment and background screening, among other services....

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Parex Resources Announces Third Quarter Results, Declaration of Q4 2024 Dividend, and Operational Update

CALGARY, Alberta, Nov. 05, 2024 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX: PXT) is pleased to announce its financial and operating results for the three-month period ended September 30, 2024, the declaration of its Q4 2024 regular dividend of C$0.385 per share, as well as an operational update. All amounts herein are in United States Dollars (“USD”) unless otherwise stated. “Following lower than expected results, Management is focused on driving production efficiency and optimizing performance from our key assets,” commented Imad Mohsen, President & Chief Executive Officer. “As we transition from 2024 to our 2025 planning phase, we are committed to improving results, delivering safe and reliable production, and positioning Parex to outperform.” Key Highlights Generated Q3 2024 funds flow provided...

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ISC Reports Third Quarter 2024 Financial Results; Strong Volumes Continue in the Saskatchewan Land Registry

Solid consolidated revenue and adjusted EBITDA growth for the quarter Bank Act Security Registry successfully launched 2024 guidance re-affirmed REGINA, Saskatchewan, Nov. 05, 2024 (GLOBE NEWSWIRE) — November 5, 2024 – Information Services Corporation (TSX:ISV) (“ISC” or the “Company”) today reported on the Company’s financial results for the third quarter ended September 30, 2024. Capitalized terms that are used but not defined in this news release have the meaning ascribed to those terms in Management’s Discussion & Analysis for the three and nine months ended September 30, 2024. 2024 Third Quarter Highlights Revenue was $60.9 million for the quarter, an increase of 12 per cent compared to the third quarter of 2023. This increase was driven by increased volumes across the Saskatchewan Registries division, combined...

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