Day: April 25, 2025

Unleashing America’s Energy Independence Through Seabed MineralsThroughout the 1970-1990s, America was a pioneer in deep-sea mining. Today’s Executive Order marks America’s return to leadership in this exciting industry.Deep-sea mineral ecosystemThe deep-sea mining industry is poised to mobilize tens of billions in private investment in the United States across shipbuilding, ports, mineral processing and refining, and advanced manufacturing.Entitled ‘Unleashing America’s Offshore Critical Minerals and Resources’, the Executive Order directs Commerce Secretary Lutnick to expedite deep seabed mineral exploration licenses and commercial recovery permits in international waters under the existing U.S. seabed mining code The Order also directs the Secretaries of Defense and Energy to address the feasibility of using the National...

TRILLION ENERGY ANNOUNCES 2024 YEAR-END RESERVE REPORT Vancouver, B.C. , April 25, 2025 (GLOBE NEWSWIRE) — Trillion Energy International Inc. (“Trillion” or the “Company”) (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) is pleased to provide a summary and highlights of its December 31, 2024, year-end reserve report. Reserve Report HighlightsNet present value 10% (NPV10%) of total proved plus probable natural gas and oil reserves is USD $363.6 million* net to Trillion, which represents USD $2.98 per common share*** Total proved plus probable conventional natural gas reserves increased to 62.3 Bcf*, up from 55.8 Bcf* (2023), a 12% increase from 2023. NPV10% of total proved reserves decreased to USD $106.8* million from US$ 134.3* million (2023), a decrease of 20% from 2023. NPV10% of total proved plus probable plus possible reserves...

VANCOUVER, British Columbia, April 25, 2025 (GLOBE NEWSWIRE) — Prospect Park Capital Corp. (the “Company”) is pleased to announce that the failure-to-file cease trade order (the “FFCTO”) issued by the Ontario Securities Commission (the “OSC”) has been revoked. The FFCTO was issued by the OSC on February 3, 2023 as a result of the Company’s failure to file its ‎annual financial statements, related management discussion and analysis (“MD&A”) and certifications for the year ended September 30, 2022‎, as required by National Instrument 51-102 – Continuous Disclosure Obligations (“NI 51-102”) and National Instrument 52-109 – Certification of Disclosure in Issuers’ Annual and Interim Filings. The Company applied to the OSC for full revocation of the FFCTO and the order granting the same was issued effective April 24, 2025. The...

Suominen Corporation’s Stock Exchange Release on April 25, 2025 at 3:45 p.m. (EEST) The Annual General Meeting (AGM) of Suominen Corporation was held today on April 25, 2025 in Helsinki, Finland. The AGM adopted the Financial Statements for 2024 and discharged the members of the Board of Directors and the President and CEO from liability for the financial year 2024. The AGM resolved to adopt the Remuneration Report for the Company’s governing bodies for 2024. The resolution made by the AGM is advisory. Use of the profit shown on the balance sheet The AGM decided, in accordance with the proposal by the Board of Directors, that no dividend be paid based on the adopted balance sheet regarding the financial year 2024 and that the distributable funds be left in the company’s unrestricted equity. Resolution on the remuneration of the...

LOS ANGELES, April 25, 2025 (GLOBE NEWSWIRE) — Preferred Bank (NASDAQ: PFBC), one of the larger independent California banks, today reported results for the quarter ended March 31, 2025. Preferred Bank (“the Bank”) reported net income of $30.0 million or $2.23 per diluted share for the first quarter of 2025. This represents a small decrease in net income of $197,000 from the prior quarter and a decrease of $3.4 million from the same quarter last year. The decrease compared to both periods was mainly due to a decrease in net interest income. In the first quarter of 2025, the incremental impact to interest income from loans placed on nonaccrual status was approximately $2.8 million. In addition, a property securing one of our loans was damaged in the Palisades fire in January and as a result, the Bank has reversed out the $208,000...

ABERDEEN, Wash., April 25, 2025 (GLOBE NEWSWIRE) — Pacific Financial Corporation (OTCQX: PFLC), (“Pacific Financial”) or the (“Company”), the holding company for Bank of the Pacific (the “Bank”), reported net income of $2.4 million, or $0.24 per diluted share for the first quarter of 2025, compared to $2.2 million, or $0.21 per diluted share for the fourth quarter of 2024, and $2.7 million, or $0.26 per diluted share for the first quarter of 2024. Current quarter net income includes a provision for credit losses of $83,000, compared to the recapture of $103,000 from the allowance for credit losses for the fourth quarter of 2024, and a provision for credit losses of $33,000 for the first quarter of 2024. Except for year-end December 31, 2024 financials, all results are unaudited. The Board of Directors of Pacific Financial declared...

Company Announcement no. 04-2025 Copenhagen, 25th April 2025 The annual general meeting of Swiss Properties Invest A/S was held today in accordance with the agenda in the notice of 9th April 2025 convening the annual general meeting, cf. company announcement No 03-2025 of 9th April 2025. At the annual general meeting the following resolutions were unanimously agreed upon:The approval of the annual accounts and consolidated annual accounts, with audit report and annual report. The appropriation of profits according to the approved annual accounts. The discharge to the board of directors for 2024. The approval of the remuneration to the board of directors for the financial year 2025. The re-election of Thorbjørn Graarud, Christian Seidelin, Kirsten Sillehoved to the board of directors. The re-election of BDO Statsautoriseret Revisionsaktienselskab...