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Showing posts from May, 2021

InPlay Oil Corp. Announces Extension of Credit Facility

CALGARY, Alberta, May 31, 2021 (GLOBE NEWSWIRE) -- InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) announces that the maturity date applicable to and redetermination of the borrowing base under the Company’s Senior Credit Facility has been extended from May 31, 2021 to June 14, 2021. InPlay and its banking syndicate are in the process of negotiating the annual renewal and redetermination and have agreed to the extension in order to provide additional time to finalize terms. Read More from Financial Post https://ift.tt/3fBfZ5v

Jack Nathan Health Announces Q4 and Year-End Financial Results for Fiscal 2021

TORONTO -- Jack Nathan Medical Corp. (TSXV: JNH, OTCQB: JNHMF) (“Jack Nathan Health”, “JNH” or the “Company”) announced today its audited financial results for the fourth quarter and fiscal year-ended January 31, 2021. Jack Nathan Health’s financial statements are prepared in accordance with International Financial Reporting Standards (“IFRS”). Read More from Financial Post https://ift.tt/3uBqSJ6

Kuuhubb Reports Fiscal Q3 2021 Financial Results

TORONTO, May 31, 2021 (GLOBE NEWSWIRE) -- Kuuhubb Inc. (“ Kuuhubb ” or the “ Company ”) (TSX- V: KUU), a mobile game development and publishing company targeting the female audience with bespoke mobile experiences, has reported its unaudited financial results for the three and nine months ended March 31, 2021. The Company’s unaudited consolidated financial statements as at, and for the three and nine months ended March 31, 2021 and related management’s discussion and analysis can be found on the Company's SEDAR profile at www.sedar.com. The Company’s financial year end is June 30. The information contained in this news release is unaudited. Read More from Financial Post https://ift.tt/3uB5KCv

CAPREIT Expands Presence in Strong Montreal Market

TORONTO, May 31, 2021 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has completed the acquisition of a portfolio of five apartment buildings spread over two properties located in the west end of Montréal, Quebec aggregating 154 residential suites. CAPREIT paid approximately $30.6 million for the two properties, funded by cash and the assumption of an $18.0 million mortgage with an attractive 1.78% interest rate. Residential occupancy in the portfolio was 95.5% at closing. Both properties have undergone significant exterior and common area renovations, with 51% of the suites upgraded. Read More from Financial Post https://ift.tt/3i3ta0U

India Inc must contribute to the ‘stimulus’: Given bumper profits & cost-cuts of Rs 4 lakh crore, it could cut a cheque for the have-nots

The pandemic may have hurt thousands of small businesses and killed many MSMEs, but given their financial and management muscle, the larger corporations were able to sort out their supply-side disruptions fairly quickly. from The Financial Express https://ift.tt/3p89k6a

Victory Square Technologies Reports Record Fifth Consecutive Quarter With Positive Net Income & Earnings Per Share

Read More from Financial Post https://ift.tt/3fywT4R

Creating new companies: India Accelerator funded 27 start-ups in 2020; aims to mentor 100 start-ups in 2021

The pandemic year (2020), Bhatia said, has been tough on start-ups. “The funding funnel dried up, revenues declined, profits shrunk, and companies scaled down growth plans. Early-stage and mid-stage start-ups are the worst-hit, especially in travel and transportation space,” he said. from The Financial Express https://ift.tt/3p2IUmn

India: Inflation undone? Some inflation worries highlighted earlier have come to pass

As demand for goods and services pick up gradually (though worth noting that we are not forecasting a rapid rise in demand like last year), producers may feel more confident about passing on raw material cost increases to output prices, pushing core inflation higher. from The Financial Express https://ift.tt/3wKloNz

Banks move Supreme Court against RTI disclosure, seek direction to RBI

Public disclosure of information pertaining to commercial confidence, business strategies, internal system, risk management, gas, etc would not serve any larger public interest, but would adversely affect the competitive position of banks in a highly competitive private banking sector in our country, they told the top court. from The Financial Express https://ift.tt/3uyze4c

Coronavirus in India News Live: India records 1.65 lakh news Covid cases, lowest in 46 days

Coronavirus New Cases in India in Last 24 Hours, Covid-19 Vaccine Registration Live, Black, Yellow Fungus Infection in India Live: There are likely to be 10 panels to look after the vaccination supply and inventory, availability of oxygen, oxygen production, import, emergency responses, the establishment of PSA plants, and managing economic welfare measures. from The Financial Express https://ift.tt/34w1OZm

7th Pay Commission pension on death of Central Government Employee parents: New limit Rs 1.25 lakh/month

7th Pay Commission pension on death of Central Government Employee parents: If both the husband and wife are Central Government Employees and covered under CCS (Pension) 1972 rules, then on their death, their surviving child or children can receive two pensions from The Financial Express https://ift.tt/3cmkMpN

Putin Is Betting Coal Still Has a Future

(Bloomberg) -- European governments are drawing up plans to phase out coal, U.S. coal-fired power plants are being shuttered as prices of clean energy plummet, and new Asian projects are being scrapped as lenders back away from the dirtiest fossil fuel.And Russia? President Vladimir Putin's government is spending more than $10 billion on railroad upgrades that will help boost exports of the commodity. Authorities will use prisoners to help speed the work, reviving a reviled Soviet-era tradition.The project to modernize and expand railroads that run to Russia's Far Eastern ports is part of a broader push to make the nation among the last standing in fossil fuel exports as other countries switch to greener alternatives. The government is betting that coal consumption will continue to rise in big Asian markets like China even as it dries up elsewhere. Read More from Financial Post https://ift.tt/3utENAV

Flower One Provides Third Bi-Weekly Status Report in Relation to its Annual Filings

LAS VEGAS & TORONTO -- Flower One Holdings Inc. (" Flower One " or the " Company ") (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), the leading cannabis cultivator and producer in Nevada, today provides its third bi-weekly status report further to the Company’s press release dated May 3, 2021 . The Company was granted a customary management cease trade order (the " MCTO ") under National Policy 12-203 – Management Cease Trade Orders (" NP 12-203 "). As previously announced, the application for the MCTO was made by the Company in order to secure additional time for the Company to file its audited annual financial statements for the year ended December 31, 2020, the related management’s discussion and analysis, certificates of its CEO and CFO and its annual information form (collectively the " Annual Filings "). The MCTO prohibits all trading in securities of the company, whether directly or indirectly, by the company’s CEO and CFO. The MCTO

Analyst Corner – Berger Paints: Maintain ‘hold’ with DCF-based TP of Rs 800

Higher focus on ancillary products: It has been focusing on ancillary products such as waterproofing and putty. It believes there is immense potential for these segments to grow considering low penetration. We model waterproofing to contribute significantly to Berger decorative business in medium term. from The Financial Express https://ift.tt/3uvVxHy

RTI disclosure: Supreme Court to hear banks’ plea seeking direction to RBI in July

HDFC further said that the apex court in earlier judgments had clearly held that even if public interest is considered while determining whether certain information has to be disclosed or not, such determination has to be on case to case basis, backed with reasons in writing. from The Financial Express https://ift.tt/3c1nOQ0

Pulse Seismic Inc. Signs $17.0 Million Seismic Data Licensing Agreement

CALGARY, Alberta, May 28, 2021 (GLOBE NEWSWIRE) -- Pulse Seismic Inc. (TSX:PSD) (OTCQX:PLSDF) (“Pulse” or the “Company”) is pleased to announce it has signed a $17.0 million seismic data licensing contract. On signing, the Company will immediately deliver a portion of the data and will recognize revenue of $7.3 million. The remainder of the data must be selected by the customer before April 15, 2022, at which time the balance of the $9.7 million licensing fees will be recognized as revenue. The licence is for 3D seismic data located in a liquids rich fairway in the west shale basin with multi-zone potential in Central Alberta. Read More from Financial Post https://ift.tt/3hZV9OS

ELEV8-Miami 2021 Keynote Speakers to include Brock Pierce and Michael Terpin

Sheridan, WY, May 27, 2021 (GLOBE NEWSWIRE) -- (via Blockchain Wire ) Appliqate Inc. (OTC: APQT) announces  ELEV8-Miami 2021  Keynote Speakers. Brock Pierce an entrepreneur and venture capitalist with an extensive track record of founding, advising and investing in disruptive businesses. He's credited with pioneering the market for digital currency and has raised more than $5B for companies he has founded. Pierce is the Chairman of the Bitcoin Foundation and co-founder of EOS Alliance, Block.one, Blockchain Capital, Tether, and Mastercoin (first ICO). Read More from Financial Post https://ift.tt/3wFbmgM

Zivo Bioscience, Inc. Announces Pricing of Upsized $13.8 Million Public Offering and Up-listing to Nasdaq

KEEGO HARBOR, Mich., May 27, 2021 (GLOBE NEWSWIRE) -- Zivo Bioscience, Inc. (OTCMKTS:ZIVO) a biotech/agtech R&D company engaged in the development and commercialization of nutritional/nutraceutical product candidates originally derived from proprietary algal cultures, today announced the pricing of its upsized underwritten public offering of 2,760,000 units at a price to the public of $5.00 per unit. Each unit to be issued in the offering consists of one share of common stock and one warrant to purchase one share of common stock at an exercise price of $5.50. The common stock and warrants are immediately separable and will be issued separately. The common stock and warrants are expected to begin trading on the Nasdaq Capital Market, on May 28, 2021, under the symbols “ZIVO” and “ZIVOW,” respectively. ZIVO expects to receive gross proceeds of $13.8 million, before deducting underwriting discounts and commissions and other estimated offering expenses. In connection with the offering,

Govt: Not concealing Covid deaths

Lav Agarwal, joint secretary, ministry of health and family welfare (MoHFW), said at a media briefing on Thursday that there was no question of concealing Covid deaths and such reports were baseless and false. from The Financial Express https://ift.tt/3unGRud

Olympics-Japan looking to extend Tokyo’s state of emergency to June 20, minister says

TOKYO -- Japan is looking to extend a state of emergency in Tokyo and several other areas by about three weeks to June 20, a cabinet minister said on Friday, as the COVID-19 pandemic shows no signs of easing less than two months before the Summer Olympics open. Read More from Financial Post https://ift.tt/34q3eo4

U.S. FDA to allow Baltimore plant to resume J&J COVID-19 shot production -WSJ

The U.S. Food and Drug Administration and Johnson & Johnson are expected to announce as early as Friday that contamination problems at a COVID-19 vaccine plant in Baltimore are resolved and that vaccine production can resume, the Wall Street Journal reported on Thursday. Read More from Financial Post https://ift.tt/3wDNUAu

Olympus Acquires Israeli Medical Device Company Medi-Tate to Drive Global Urology Business Growth

TOKYO & HAMBURG, Germany & CENTER VALLEY, Pa. -- Olympus Corporation (”Olympus” – Director, Representative Executive Officer, President and CEO: Yasuo Takeuchi) announced today that it has finalized the acquisition of Israeli medical device company Medi-Tate Ltd. (“Medi-Tate” – CEO: Ido Kilemnik) following the announcement of its decision to exercise the call option in February, 2021. Through this acquisition, Olympus expands its business line in offering in-office treatment for benign prostatic hyperplasia (BPH) treatment and solidifies its position as a leader in the field of urological devices. Read More from Financial Post https://ift.tt/34mrzew

Jamieson Wellness Inc. Announces Voting Results from 2021 Annual and Special Meeting of Shareholders

TORONTO, May 27, 2021 (GLOBE NEWSWIRE) -- Jamieson Wellness Inc. (“ Jamieson Wellness ” or the “ Company ”) (TSX: JWEL) announced today that each of the nominee directors listed in the management information circular of the Company dated March 11, 2021 was elected as a director of the Company (a “ Director ”) at the annual and special meeting (the “ Meeting ”) of the holders of common shares of the Company (the “ Common Shares ”) held today. The number of Common Shares voted in person or by proxy for the election of each Director or withheld was as indicated below: Read More from Financial Post https://ift.tt/3urrwIX

Tesla loses U.S. designation for some advanced safety features

WASHINGTON -- Newer Tesla Model 3 and Model Y vehicles will no longer be labeled as having some advanced safety features after the automaker said it was removing radar sensors to transition to a camera-based Autopilot system, the National Highway Traffic Safety Administration (NHTSA) said Wednesday. Read More from Financial Post https://ift.tt/3wzj1gq

OPPO Partners with Thales for World’s First 5G SA-Compatible eSIM

SHENZHEN -- OPPO today announced the world’s first 5G SA-Compatible eSIM on its newly launched flagship 5G smartphone, the OPPO Find X3 Pro, developed in collaboration with the world’s leading eSIM connectivity management company, Thales. The 5G Standalone (SA) eSIM-based OPPO Find X3 Pro will provide users with the advanced 5G experience offered by 5G SA networks, as well as providing both users and mobile operators with the benefits of eSIM technology. Read More from Financial Post https://ift.tt/2SyvjGZ

B.C. regulator proposes sweeping new rules to crack down on social media-driven stock promotions

British Columbia’s securities watchdog is proposing sweeping new rules that would require anyone promoting stocks on social media or via video to reveal whether they own the security or derivatives of it, and to additionally disclose any compensation they are receiving for the promotion. Read More from Financial Post https://ift.tt/3oRy8PN

Argentine port workers say to hold another 48-hour strike starting Wednesday

BUENOS AIRES -- Argentine port workers said on Tuesday they would hold a 48-hour strike starting at midnight (0300 GMT Wednesday), after paralyzing agricultural exports from the country last week with an initial work stoppage over demands they be vaccinated against COVID-19. Read More from Financial Post https://ift.tt/2ThzJCK

Non-compliance with new rules: Facebook, Twitter, WhatsApp run the risk of losing legal immunity

The government had given such firms three months to comply with the new rules but as on Monday none of the firms have done so. Instead, they have under aegis of industry associations sought a six-month extension for compliance as the Pandemic has crippled their normal office work. from The Financial Express https://ift.tt/3fegSRw

Exxon to add two new directors in battle over company’s future

HOUSTON/BOSTON -- Exxon Mobil said on Monday it would add two more board members, including one with climate experience, just days before a shareholder vote on whether to back new directors supported by activist investors unhappy with its record on climate change and financial performance. Read More from Financial Post https://ift.tt/3vkJC0n

Anaqua Acquires Actio IP to Offer Integrated Tech-Enabled Foreign Filing Solutions Acquisition expands Anaqua’s offerings with easy-to-use platform, supported by exceptional customer service, to help IP practitioners streamline their global filings process

Anaqua will continue to enhance Actio IP’s tech-enabled foreign filing services platform, ACTIO Portal, while significantly investing in the integration of the services with Anaqua’s IP management software and payment services. Actio IP, which also offers IP renewals, will add incremental volume to Anaqua’s existing payments business. Read More from Financial Post https://ift.tt/3oKjw4H

Union food secretary urges states, stakeholders for steps to soften high prices of edible oils

Central Organization for Oil Industry and Trade (COOIT) is not in favour of reducing import duty or for removal of agri-cess from imported edible oils as it will discourage farmers during ensuing kharif sowing, and they will have distrust towards industry and trade, said Suresh Nagpal, chairman of the trade body. from The Financial Express https://ift.tt/2RM83oZ

Toranomon-Azabudai Project and Toranomon Hills Area Project in Tokyo Precertified under LEED ND and WELL

TOKYO -- Mori Building Co., Ltd., Japan’s leading urban landscape developer, announced today that major redevelopments the company is undertaking in Tokyo have been precertified under the prestigious LEED (Leadership in Energy and Environmental Design) and WELL (WELL Building Standard) rating systems that respectively certify environmentally friendly and efficient green buildings and people’s wellbeing. Read More from Financial Post https://ift.tt/3yze355

Cairn case: PSBs not asked to withdraw funds from foreign currency accounts, says govt

The government also stated that the CEO and other representatives of Cairn have approached the government for discussions to resolve the matter. Constructive discussions have been held and the government remains open for an amicable solution to the dispute within the country’s legal framework, it added. from The Financial Express https://ift.tt/3oN3tmv

Idea Exchange: In last few years, at times State has backed mob attacking civil liberties. It’s necessary for courts to protect liberties, says Justice Mathur, former Chief Justice of Allahabad HC

"In the constitutional structure, the judiciary is also a face of the State. The executive, legislature and judiciary need to have respect for each other," says Justice Mathur from The Financial Express https://ift.tt/3fdzMru

Nuanced, but timely: RSS chief Mohan Bhagwat says need for collective action rather than individual leadership

By referring to RSS founder K B Hedgewar’s heroic role during the plague epidemic, Bhagwat hinted that the BJP had been found inadequate in public service during the pandemic — a point also made by RSS Delhi state executive member Rajiv Tuli, who questioned the absence of Delhi BJP leaders in the Capital when cases surged. from The Financial Express https://ift.tt/3fdfezK

U.S. CDC investigating heart problem in few young vaccine recipients -NYT

The U.S. Centers for Disease Control and Prevention is looking into reports that a very small number of teenagers and young adults vaccinated against the coronavirus may have experienced heart problems, The New York Times reported on Saturday, citing the agency's vaccine safety group. Read More from Financial Post https://ift.tt/3fd8Msi