TSX

PrairieSky Announces First Quarter 2024 Results, Record Oil Royalty Production

Retrieved on: 
Monday, April 22, 2024
NGL, Flood, Economics, Belly River, Helium, TSX, AECO, Acquisition, Triassic, Bank statement, Growth

PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce its first quarter ("Q1 2024") operating and financial results for the three-month period ended March 31, 2024.

Key Points: 
  • PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX: PSK) is pleased to announce its first quarter ("Q1 2024") operating and financial results for the three-month period ended March 31, 2024.
  • Royalty production volumes averaged 26,027 BOE per day and included record oil royalty production of 13,142 barrels per day, an 8% increase over Q1 2023 and a 2% increase over Q4 2023.
  • PrairieSky's positive oil royalty production momentum continued into Q1 2024 delivering a record 13,142 barrels per day.
  • Oil royalty production generated $92.3 million in royalty revenue in the quarter, 82% of total royalty revenue.

Profound Medical to Release First Quarter 2024 Financial Results on May 9 – Conference Call to Follow

Retrieved on: 
Monday, April 22, 2024
TSX, Conference, Pharmaceutical industry

TORONTO, April 22, 2024 (GLOBE NEWSWIRE) -- Profound Medical Corp. (NASDAQ:PROF; TSX:PRN) (“Profound” or the “Company”), a commercial-stage medical device company that develops and markets customizable, incision-free therapies for the ablation of diseased tissue, will announce its first quarter 2024 financial results after market close on Thursday, May 9, 2024.

Key Points: 
  • TORONTO, April 22, 2024 (GLOBE NEWSWIRE) -- Profound Medical Corp. (NASDAQ:PROF; TSX:PRN) (“Profound” or the “Company”), a commercial-stage medical device company that develops and markets customizable, incision-free therapies for the ablation of diseased tissue, will announce its first quarter 2024 financial results after market close on Thursday, May 9, 2024.
  • Profound management will host a conference call at 4:30 p.m.
  • ET to review the financial results and discuss business developments in the period.
  • First Quarter 2024 Results Conference Call Details:

Lithium Americas Closes US$275 Million Underwritten Public Offering

Retrieved on: 
Monday, April 22, 2024
Lithium, Indian stock exchange, DOE, Loan, Offering, Lithium Corporation of America, Promise, TSX, Engineering, Tranche, GM, Thacker Pass Lithium Mine, Bank

VANCOUVER, British Columbia, April 22, 2024 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) announced the closing of its previously announced underwritten public offering (the “Offering”) of its common shares (the “Common Shares”). The Company issued 55,000,000 Common Shares, issued at a price of $5.00 per Common Share (the “Issue Price”), for aggregate gross proceeds to the Company of $275,000,000.

Key Points: 
  • VANCOUVER, British Columbia, April 22, 2024 (GLOBE NEWSWIRE) -- Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) (“Lithium Americas” or the “Company”) announced the closing of its previously announced underwritten public offering (the “Offering”) of its common shares (the “Common Shares”).
  • The Company issued 55,000,000 Common Shares, issued at a price of $5.00 per Common Share (the “Issue Price”), for aggregate gross proceeds to the Company of $275,000,000.
  • The net proceeds from the Offering are intended to be used to fund the advancement of construction and development of the Company’s Thacker Pass lithium project in Humboldt County, Nevada (“Thacker Pass”).
  • At the same time, the Offering and GM funding will allow the Company to meet the financing-related condition relating to closing the DOE Loan conditional commitment (the “Conditional Commitment”).

Xtract One Announces Upsized Public Offering and Concurrent Investment by Strategic Partner

Retrieved on: 
Monday, April 22, 2024
Sale, Indian stock exchange, Warrant, Person, Offering, PP, Private, XTRA, TSX, NEWS, Agent, Toronto Stock Exchange, Exercise, Sport, Prospectus, FRA, Security (finance)

TORONTO, April 22, 2024 (GLOBE NEWSWIRE) -- Xtract One Technologies Inc. (TSX: XTRA) (OTCQX: XTRAF) (FRA: 0PL) (“Xtract One” or the “Company”) is pleased to announce that it has increased the size of its previously announced public offering (the “Offering”). The Offering is being conducted by Eight Capital, as lead agent and sole bookrunner, and Echelon Wealth Partners Inc. (together with Eight Capital, the “Agents”) pursuant to which the Agents have agreed to conduct the Offering on a commercially reasonable best efforts basis.

Key Points: 
  • TORONTO, April 22, 2024 (GLOBE NEWSWIRE) -- Xtract One Technologies Inc. (TSX: XTRA) (OTCQX: XTRAF) (FRA: 0PL) (“Xtract One” or the “Company”) is pleased to announce that it has increased the size of its previously announced public offering (the “Offering”).
  • Each Unit will consist of one common share of the Company (each, a “Common Share”) and one common share purchase warrant (each, a “Warrant”).
  • Closing of the Offering is not conditional on the closing of the Concurrent Private Placement.
  • Xtract One intends to use the proceeds of the Offering and the Concurrent Private Placement for working capital and general corporate purposes.

Dundee Corporation Entities Enter Into Voting Support Agreements With G Mining Ventures Corp.

Retrieved on: 
Monday, April 22, 2024
VWAP, Share, News, Corporate spin-off, System, TSX, Related, Gold, Toronto Stock Exchange, National instrument, Dundee Corporation, Arrangement, TSX Venture Exchange

TORONTO, April 22, 2024 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX: DC.A) (“Dundee” or the “Company”) announced today that two of its subsidiaries and a trust controlled by Dundee (collectively, the “Dundee Entities”) entered into Voting Support Agreements (the “Support Agreements”) with G Mining Ventures Corp. (“G Mining”).

Key Points: 
  • TORONTO, April 22, 2024 (GLOBE NEWSWIRE) -- Dundee Corporation (TSX: DC.A) (“Dundee” or the “Company”) announced today that two of its subsidiaries and a trust controlled by Dundee (collectively, the “Dundee Entities”) entered into Voting Support Agreements (the “Support Agreements”) with G Mining Ventures Corp. (“G Mining”).
  • For further details, see the joint news release of Reunion and G Mining dated April 22, 2024 (the “Joint News Release”).
  • Under the terms of the Arrangement, shareholders of Reunion (including the Dundee Entities) will receive 0.07125 of a common share of a newly formed parent company (“New GMIN”) for each Reunion Share.
  • In addition, shareholders of Reunion (including the Dundee Entities) will receive 0.05 of a common share of SpinCo for each Reunion Share, and G Mining has agreed to fund SpinCo with $15 million at completion of the Arrangement.

Nevada Copper Provides Financing Update

Retrieved on: 
Monday, April 22, 2024
OTC, TSX, NCU, Security (finance)

YERINGTON, Nev., April 22, 2024 (GLOBE NEWSWIRE) -- Nevada Copper Corp. (TSX: NCU) (OTC: NEVDF) (FSE: ZYTA) (“Nevada Copper” or the “Company”) provides an update on its financing activities in connection with the ramp-up of its wholly owned Pumpkin Hollow Underground copper mine (the “Underground Mine”).

Key Points: 
  • YERINGTON, Nev., April 22, 2024 (GLOBE NEWSWIRE) -- Nevada Copper Corp. (TSX: NCU) (OTC: NEVDF) (FSE: ZYTA) (“Nevada Copper” or the “Company”) provides an update on its financing activities in connection with the ramp-up of its wholly owned Pumpkin Hollow Underground copper mine (the “Underground Mine”).
  • As previously disclosed, the Company requires further funding in the near term to complete the commissioning and ramp-up of its underground mine and to continue operations.
  • The Company has been in discussions with a third-party regarding a proposal for additional financing and a potential change of control transaction.
  • The Company’s largest shareholder, Pala Investments Limited, and other existing stakeholders of the Company have been providing limited interim funding to the Company.

G Mining Ventures and Reunion Gold Announce Combination to Set the Stage for a Leading Intermediate Gold Producer in the Americas

Retrieved on: 
Monday, April 22, 2024
Leg, GMS, LLP, Investment, Par value, Endeavour Mining, Webcast, Growth, Transaction, Canada Business Corporations Act, La, Mining, Dundee Corporation, AISC, RBC Capital Markets, TSX, Gold, Franco-Nevada, TSX Venture Exchange, VWAP, Agreement, Gignac, Eldorado Gold, Multilateral, RGD, Norton Rose Fulbright, Minority, Committee, BMO Capital Markets, Toronto Stock Exchange, Newmont, Acquisition, Subscription business model, Guiana Shield, Index, Security (finance)

BROSSARD and LONGUEUIL, Quebec, April 22, 2024 (GLOBE NEWSWIRE) -- G Mining Ventures Corp. (“GMIN”) (TSX: GMIN) (OTCQX: GMINF) and Reunion Gold Corporation (“RGD”) (TSXV:RGD) (OTCQX:RGDFF) are pleased to announce they have entered into a definitive agreement (the “Agreement”) to combine the two companies, setting the stage for the creation of a leading intermediate gold producer (the “Transaction”).

Key Points: 
  • The Transaction sets the stage for the creation of an Americas focused leading intermediate gold producer.
  • Continues GMIN’s strategy of building an Americas focused intermediate gold producer through its Buy, Build, Operate Strategy.
  • Strengthens portfolio and positions GMIN to execute on its strategy of building the next intermediate gold producer leading to further re-rate potential and index inclusion.
  • 43% ownership in an emerging intermediate gold producer, with a strong track-record of value creation and share price outperformance.

Troilus Announces Strategic Shareholder Transition

Retrieved on: 
Monday, April 22, 2024
Acquisition, TSX, TLG, Partnership, FRA, Cryptocurrency

MONTREAL, April 22, 2024 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF; FRA: CM5R) (“Troilus” or the “Company”), reports that Sayona Mining Ltd. (“Sayona”) has divested its entire equity position in Troilus.

Key Points: 
  • MONTREAL, April 22, 2024 (GLOBE NEWSWIRE) -- Troilus Gold Corp. (TSX: TLG; OTCQX: CHXMF; FRA: CM5R) (“Troilus” or the “Company”), reports that Sayona Mining Ltd. (“Sayona”) has divested its entire equity position in Troilus.
  • Last week, Sayona sold approximately 19.2 million Troilus shares at C$0.63, which was executed through a block trade facilitated by a Tier-1 Canadian brokerage firm.
  • Justin Reid, CEO of Troilus, commented, “We thank Sayona for their partnership and support as a significant shareholder since 2022.
  • This transition not only strengthens our shareholder base, but reaffirms a strong confidence in our strategic direction, the Company’s growth potential, and our ongoing commitment to generating value for all our shareholders.”

Titan Provides Update on Planned Merger with Conavi

Retrieved on: 
Monday, April 22, 2024
Completion, TMD, TSX, Toronto Stock Exchange, Transaction, TSX Venture Exchange

TORONTO, Ontario, April 22, 2024 (GLOBE NEWSWIRE) --  Titan Medical Inc. (“Titan”) (TSX: TMD; OTC: TMDIF) is pleased to provide this update on its planned merger with Conavi Medical Inc. (“Conavi”) as previously announced on March 18, 2024 (the “Transaction”).

Key Points: 
  • TORONTO, Ontario, April 22, 2024 (GLOBE NEWSWIRE) --  Titan Medical Inc. (“Titan”) (TSX: TMD; OTC: TMDIF) is pleased to provide this update on its planned merger with Conavi Medical Inc. (“Conavi”) as previously announced on March 18, 2024 (the “Transaction”).
  • As previously announced, Titan has entered into a definitive amalgamation agreement (the “Amalgamation Agreement”) dated March 17, 2024 with Conavi Medical Inc. (“Conavi”) providing for the combination of the companies in an all-stock transaction.
  • The combined company will focus on continuing to commercialize Conavi’s Novasight Hybrid™ System designed to guide common minimally invasive coronary procedures.
  • Titan and Conavi continue to work towards the satisfaction of the conditions to completion of the Transaction set forth in the Amalgamation Agreement, including the parties’ work currently underway in respect of the following:
    Preparation of submissions to the TSXV in connection with Titan’s planned applications for the listing of its common shares on the TSX Venture Exchange (the “TSXV”) and their delisting from the Toronto Stock Exchange (the “TSX”) and for TSXV approval of the Transaction;
    Completion of Titan’s management information circular (the “Titan Circular”) and related documents in connection with Titan’s annual and special meeting at which Titan’s shareholders will be asked to approve the Transaction and other related matters; and
    Conavi’s efforts in connection with a concurrent financing of subscription receipts (convertible into Conavi Shares immediately prior to completion of the Transaction), the terms of which will be announced at a later date (the “Concurrent Financing”), for minimum gross proceeds of US$15 million up to a maximum of US$20 million.

DIRTT Releases Investor Deck and Announces Q1 2024 Earnings Release Date of May 8, 2024

Retrieved on: 
Monday, April 22, 2024
DRT, MDT, TSX, EDT, Webcast, Management

Highlights of the investor presentation include:

Key Points: 
  • Highlights of the investor presentation include:
    DIRTT shareholders elected a new Board in April 2022 and a new executive leadership team was appointed.
  • Gross Profit Margin improved by 1,680 basis points from 2021 to 2023 after contracting by 2,310 basis points from 2018 to 2021.
  • Net cash flows provided by operations were $14.8 million in 2023 after two years of negative net cash flows.
  • DIRTT also announced today that it will release its first quarter 2024 financial results on Wednesday, May 8, 2024, after markets close.