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Day: May 8, 2025

Source Energy Services Reports Q1 2025 Results

CALGARY, Alberta, May 08, 2025 (GLOBE NEWSWIRE) — TSX: SHLE Source Energy Services Ltd. (“Source” or the “Company”) is pleased to announce its financial results for the three months ended March 31, 2025. Q1 2025 PERFORMANCE HIGHLIGHTS Key achievements for the quarter ended March 31, 2025 include the following:realized record sand sales volumes of 1,041,223 metric tonnes (“MT”) and sand revenue of $162.9 million, an increase of $29.9 million or 22% from the first quarter of 2024; generated total revenue of $208.6 million, a $39.0 million increase from the first quarter last year; realized gross margin of $36.8 million and Adjusted Gross Margin(1) of $46.2 million, increases of 3% and 7%, respectively, when compared to the three months ended March 31, 2024; reported net income of $23.6 million, an increase of $21.7 million from...

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Oak Ridge Financial Services, Inc. Announces First Quarter 2025 Results and 17% Increase in Quarterly Cash Dividend

OAK RIDGE, N.C., May 08, 2025 (GLOBE NEWSWIRE) — Oak Ridge Financial Services, Inc. (“Oak Ridge”; or the “Company”) (OTCPink: BKOR), the parent company of Bank of Oak Ridge (the “Bank”), announced unaudited financial results for the first three months of 2025 and an increase of $0.02, or 17%, in its quarterly cash dividend to $0.14 per common share. First Quarter 2025 HighlightsEarnings per share were $0.57, up from $0.56 in the fourth quarter of 2024 and $0.50 in the first quarter of 2024. Return on equity of 10.04%, compared to 9.63% for the prior quarter and 9.31% for the first quarter of 2024. Net Income was $1.6 million, up from $1.5 million in the fourth quarter of 2024 and $1.4 million in the first quarter of 2024. Tangible book value per common share of $23.50 as of period end, compared to $23.02 at the end of the prior...

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NEXTGEN DIGITAL CLOSES FIRST TRANCHE OF THE NON-BROKERED PRIVATE PLACEMENT OF SPECIAL WARRANTS

Not for distribution to United States newswire services or for release publication, distribution, or dissemination directly, or indirectly, in whole or in part, in or into the United States. Fredericton, New Brunswick, May 08, 2025 (GLOBE NEWSWIRE) — NextGen Digital Platforms Inc. (CSE:NXT) (OTCQB:NXTDF) (FSE:Z12) (“NextGen” or the “Company”) announces, further to its news releases of April 1, 2025 and April 29, 2025, that the Company has completed the first tranche (the “First Tranche”) of its previously announced non-brokered private placement (the “Offering”). Pursuant to the First Tranche, the Company issued 3,118,366 special warrants (the “Special Warrants“) at the price of $0.30 per Special Warrant for gross proceeds of $935,510.00.The Company plans to complete a second tranche of the Offering next week.In...

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Vertex to Present at 20th Annual Needham Technology, Media, & Consumer Conference

KING OF PRUSSIA, Pa., May 08, 2025 (GLOBE NEWSWIRE) — Vertex, Inc. (NASDAQ:VERX), a global provider of tax technology solutions, today announced that David DeStefano, Chief Executive Officer, and John Schwab, Chief Financial Officer, will participate in a fireside chat at the 20th Annual Needham Technology, Media, & Consumer Conference. The fireside chat is scheduled for Monday, May 12, 2025 at 9:30 AM Eastern Time. Live webcasts and replays of both presentations will be available on Vertex’s investor relations website at ir.vertex.com. About VertexVertex, Inc. is a leading global provider of indirect tax solutions. The Company’s mission is to deliver the most trusted tax technology enabling global businesses to transact, comply and grow with confidence. Vertex provides solutions that can be tailored to specific industries...

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Brunswick Exploration Announces Brokered Private Placement for Gross Proceeds of up to C$2.5 Million, with a Lead Order from a Strategic Investor

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICESOR FOR DISSEMINATION IN THE UNITED STATES MONTREAL, May 08, 2025 (GLOBE NEWSWIRE) — Brunswick Exploration Inc. (“Brunswick” or the “Corporation”) (TSX-V: BRW, OTCQB: BRWXF) is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc., to act as co-lead agent and sole bookrunner along with Canaccord Genuity Corp. as co-lead agent (collectively, the “Agents”), in connection with a “best efforts” private placement (the “Marketed Offering“) for aggregate gross proceeds of up to C$2,500,000 from the sale of (i) units of the Corporation (the “LIFE Units”) at a price of C$0.13 per LIFE Unit (the “Offering Price”) and (ii) units of the Corporation (the “Non-LIFE Units”, and collectively with the LIFE Units, the “Offered Securities”) at a...

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Turnstone Biologics Corp. Reports First Quarter 2025 Financial Results and Provides Recent Corporate Highlights

SAN DIEGO, May 08, 2025 (GLOBE NEWSWIRE) — Turnstone Biologics Corp. (“Turnstone” or the “Company”) (Nasdaq-CM: TSBX), a biotechnology company historically focused on the development of a differentiated approach to treat and cure patients with solid tumors by pioneering selected tumor-infiltrating lymphocyte (“Selected TIL”) therapy, today reported financial results for the first quarter ended March 31, 2025, and provided recent corporate updates. Corporate Updates In January 2025, Turnstone made the determination to discontinue all TIDAL-01 clinical studies and halted further development of the program. As a result, the Company initiated a process to explore a range of potential strategic alternatives focused on maximizing shareholder value. Turnstone continues to evaluate strategic alternatives and will provide additional updates...

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Canacol Energy Ltd. Reports a 12% Increase in Natural Gas Netback in Q1 2025

CALGARY, Alberta, May 08, 2025 (GLOBE NEWSWIRE) — Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) is pleased to report its financial and operating results for the three months ended March 31, 2025. Dollar amounts are expressed in United States dollars, with the exception of Canadian dollar unit prices (“C$”) where indicated and otherwise noted. Highlights for the three months ended March 31, 2025The Corporation’s natural gas and liquefied natural gas (“LNG”) operating netback increased 12% to $5.48 per Mcf for the three months ended March 31, 2025 compared to $4.90 per Mcf for the same period in 2024. The increase is due to an increase in average sales prices, net of transportation expenses.Adjusted EBITDAX decreased 8% to $56.3 million for the three months ended March 31, 2025, compared...

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Pieridae Announces Voting Results From Annual and Special Meeting of Shareholders and Approval of Name Change to Cavvy Energy Ltd.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES ORDISSEMINATION IN UNITED STATES CALGARY, Alberta, May 08, 2025 (GLOBE NEWSWIRE) — Pieridae Energy Limited (“Pieridae” or the “Company”) (TSX: PEA) today announced the voting results from its Annual and Special Meeting of Shareholders (the “Meeting”) held on May 8, 2025. Each of the matters voted upon at the Meeting is described below and additional information on such matters is set out in the 2025 Notice of Annual and Special Meeting of Shareholders and Management Information Circular dated March 27, 2025 (the “Circular”), a copy of which is available on the Company’s SEDAR+ profile at www.sedarplus.ca. All resolutions brought forward at the Meeting were approved by shareholders, including to change the Company’s name to Cavvy Energy Ltd. The Company expects to effect...

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Savaria Announces the Voting Results for its Annual General Meeting of Shareholders

LAVAL, Québec, May 08, 2025 (GLOBE NEWSWIRE) — Savaria Corporation (“Savaria”) (TSX: SIS) a global leader in the accessibility industry, announces today the voting results at its Annual General Meeting of Shareholders held earlier today (the “’Meeting”).      Election of Directors All the nominees listed in the Management Proxy Circular, prepared in connection with the Meeting, were elected as directors by a resolution passed by a majority of the shareholders present or represented by proxy at the Meeting, to hold office until the next annual meeting following their election or until their successors are elected or appointed without a ballot being conducted. The following represents the proxies received with regard to such matter:Nominees IN FAVOR WITHHOLD(#) (%) (#) (%)Caroline Bérubé 48,623,643 95.18 2,462,820 4.82Jean-Marie...

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Maxim Power Corp. Announces 2025 First Quarter Financial and Operating Results

CALGARY, Alberta, May 08, 2025 (GLOBE NEWSWIRE) — Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX: MXG) announced today the release of financial and operating results for the first quarter ended March 31, 2025. The unaudited condensed consolidated interim financial statements, accompanying notes and Management’s Discussion and Analysis (“MD&A”) will be available on SEDAR+ and on MAXIM’s website on May 8, 2025. All figures reported herein are Canadian dollars unless otherwise stated. FINANCIAL HIGHLIGHTS  Three Months EndedMarch 31,($ in thousands except per share amounts) 2025 2024Revenue 20,253 34,768Net income 3,266 10,487Earnings per share – basic 0.05 0.21Earnings per share – diluted 0.05 0.18Adjusted EBITDA (1) 5,236 15,922Total generation – (MWh) 413,031 476,531Total...

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