Neha Kakkar and Rohanpreet Singh going to tie the knot on October 26. Their wedding festivities have begun in Delhi as Neha's mehendi took place on Thursday night.
Neha Kakkar and Rohanpreet Singh going to tie the knot on October 26. Their wedding festivities have begun in Delhi as Neha's mehendi took place on Thursday night.
Pune (Maharashtra) [India], November 26 (ANI): With just two days remaining for the Maha Vikas Aghadi (MVA) government in Maharashtra to complete its one year in power, former chief minister Devendra Fadnavis on Wednesday said that he is not waiting for the "unnatural" alliance to fall but "historically, such governments never lasted four-five years".
Save on Razer deals at the Black Friday 2020 sale, featuring Blade Stealth laptop, Phone 2 & more savings
The Automated Guided Vehicle (AGV) Software Market will grow by USD 441.46 mn during 2020-2024
Not for distribution to U.S. news wire services or for dissemination in the United StatesTORONTO, Nov. 25, 2020 (GLOBE NEWSWIRE) -- Avante Logixx Inc. (TSX.V: XX) (OTC: ALXXF) (“Avante” or the “Company”) is pleased to announce its results for the three-month period ended September 30, 2020 (all amounts in thousands of Canadian dollars, unless otherwise indicated). RESULTS FOR THE THREE-MONTH PERIOD ENDED SEPTEMBER 30, 2020 Three Months Ended(2) $ in thousands, unless otherwise noted30-Sep-19 30-Jun-20 30-Sep-20 Revenues$10,222 $18,204 $23,602 Gross profit (1)$3,089 $4,123 $5,774 Gross profit margin (1) 30.2% 22.7% 24.5% Total EBITDA(1)$540 $406 $1,693 Total Adjusted EBITDA(1)$724 $757 $2,221 Total Comprehensive income (loss) for the period$(246)$(1,248)$(274) Cash Flow from Operations before Working Capital$656 $172 $1,454 Cash Flow from Operating Activities$(505)$(1,023)$2,826 “I am extremely proud of our results and most importantly our team for continuing to provide exceptional service, win new customers and grow our businesses in a meaningful way during these uncertain times,” said Craig Campbell, CEO and Director of Avante. “When I joined Avante in 2018, I set out a clear vision and path to transform the business from a small, regional company to a more diversified, multi platform business, with national scope that would grow with a strong mix of organic and acquisitive growth. Our investments in people, process and technology was absolutely necessary to build the foundation required to support our strategy. These investments combined with the hard work of an industry leading team has transformed the company in just two years. We are proud today to report Q2 results that are in a single quarter comparable to the full fiscal year I joined as demonstrable evidence of our focus on building a much larger and more profitable business that will lead to long term value capture for our shareholders.”The Company also benefited from strong and growing recurring monthly revenue (“RMR”) and contractual revenue streams, representing 80.6% of Q2 revenue versus 67.2% during the comparable period last year.“This quarter proved the resiliency of our industry and our business as we had a record quarter in revenue and EBITDA,” said Steve Rotz, CFO. “After completing the sale of City Wide on September 30 we now have even greater focus on our two core platforms and expect to see the quarter over quarter trend continue as we win new customers, broaden services with existing customers, further reduce costs, and leverage our fixed cost base. We may see momentum slow during Q3 from the Covid-19 shutdowns in parts of the country, but we believe in our strategy, our businesses, the security industry and our team’s ability to deliver on our goals over the longer term.”(1) Adjusted EBITDA, EBITDA, Gross Profit and Gross Profit Margin are non-IFRS measures. See Description of Non-IFRS Measures (2) Adjusted for discontinued operations.SECOND QUARTER FISCAL 2021 HIGHLIGHTS * Generated record quarterly revenues from continuing operations of $23.6 million for the three-months ended September 30, 2020, representing sequential growth of 29.7% and 130.9% YoY growth. * Revenue1 by segment during the second quarter was as follows: For the 3 Months Ended September 30, 2020 $ thousands Revenue % of Total Logixx Security$19,15681.2% Avante Security$4,44618.8% Total$23,602100.0% * Generated gross profit from continuing operations of $5,774 during the three-months ended September 30, 2020, which represented 40.0% sequential growth and 87.0% YoY growth. * Direct Operating Expenses from continuing operations declined to 17.1% of revenue during Q2 F2021 from 20.8% in Q4 2020 and 25.3% in Fiscal 2020’s second quarter. * Generated Adjusted EBITDA during Q2 2021 of $2,221, or 9.4% of revenues, and a sequential improvement of $1,464 and a YoY improvement of $1,497. * Generated Adjusted EBITDA from continuing operations during Q2 2021 of $1,719, or 7.3% of revenues, and a sequential improvement of $1,082 and YoY improvement of $1,189. * Generated $1.45MM in cash flow from operations (before changes in working capital) during Q2, and $2.83MM in net cash flow from operating activities. * Board & Named Executive Officers (“NEOs”) increased ownership by 8.5% since March 31, 2020 to 3,317,350 shares or 15.7% of total shares outstanding. * Completed the divestiture of City Wide Locksmiths on September 30, 2020 further simplifying our operations and providing focus on two core platforms._______________ 1 Net of intercompany eliminationsSubsequent Events * The Board of Avante announced that it has established a PSU compensation program as of November 25, 2020. This program provides for a cash payment to eligible participants equal to the number of PSUs granted multiplied by the Company’s volume weighted average share price (“VWAP”) in effect during the 30 trading days up to the agreed future valuation date, adjusted downwards for vesting criteria established for each grant. * On November 25, 2020, the Board granted 200,000 PSUs to the Company’s Chief Executive Officer with a valuation date of March 31, 2023. The payment, if any, will vest at 50% if during the thirty trading days prior to the valuation date the VWAP is greater than or equal to $3.39 per share, 75% if that VWAP is greater than or equal to $3.75 per share and 100% if that VWAP is greater than or equal to $4.00 per share. The program is intended to hold the CEO accountable to the Company’s vision and for contributing to long-term value for all shareholders. This PSU grant will reward the CEO for achieving a compounded annual growth rate (“CAGR”) to shareholders since his appointment on January 10, 2018 of between approximately 21.3% and 26.2%, with the minimum vesting hurdle representing an approximate 161.6% CAGR from today. * On November 20, 2020, the Company entered into a revised credit agreement with its banking partner and increased the revolving line of credit by $2 million, from $3 to $5 million. * On November 25, 2020, the Board ratified a minimum share ownership guidelines (“SOGs”) for the NEOs. They are: • CEO 3x base salary; • CFO 2x base salary; • NEOs 1x base salary.CONFERENCE CALLAvante will be hosting a conference call to discuss the above financial results on Thursday November 26, 2020, at 8:30 AM EST.Dial in details are as follows: Local: (+1) 416-764-8658 Toll Free: (+1) 888-886-7786 Conference ID: 02661722 Playback details below, available until December 26, 2020: Local: (+1) 416-764-8692 Toll Free: (+1) 877-674-7070 Playback Pin: 661722 This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities described herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This news release does not constitute an offer of securities for sale in the United States. The securities described herein have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent registration under U.S. federal and state securities laws or an applicable exemption from such U.S. registration requirements. About Avante Logixx Inc.Avante Logixx Inc. (TSXV: XX) is a Toronto based provider of high-end security services. We acquire, manage and build industry leading businesses which provide specialized, mission-critical solutions that address the needs of our customers. Our businesses continuously develop innovative solutions that enable our customers to achieve their objectives. With an experienced team and a proven track record of solid growth, we are taking steps to establish a broad portfolio of security businesses to provide our customers and shareholders with exceptional returns. Please visit our website at www.avantelogixx.com and consider joining our investor email list.Avante Logixx Inc.Craig Campbell CEO (416) 923-6984 email@example.com Forward-Looking InformationAll statements in this press release, other than statements of historical fact, may constitute “forward looking information” with respect to Avante within the meaning of applicable securities laws. Forward-looking information is often, but not always, identified by the use of words such as “seek”, “anticipate”, “plan”, “continue”, “planned”, “expect”, “project”, “predict”, “potential”, “targeting”, “intends”, “believe”, “potential”, and similar expressions, or describes a “goal”, or a variation of such words and phrases or state that certain actions, events or results “may”, “should”, “could”, “would”, “might” or “will” be taken, occur or be achieved. This forward-looking information includes statements with respect to, among other things, the intention to create a platform capable of supporting a business with significantly greater scale, Avante’s strategic plan, Avante’s intentions to engage in mergers and acquisitions in the near term, Avante’s intentions to identify, acquire and integrate suitable targets for mergers and acquisitions, the ability to achieve operational efficiencies and provide a better overall customer experience, Avante’s run-rate, opportunities to grow Avante’s revenue and Adjusted EBITDA profile, investments in corporate infrastructure, Avante’s ability to execute and integrate larger acquisitions, and the expected trajectory of corporate costs as a percentage of revenue. Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by the forward looking information, including, without limitation, the ability to identify, acquire and integrate suitable targets for mergers and acquisitions, the ability to control corporate costs, and the list of risk factors identified in Avante’s Management Discussion & Analysis (MD&A), Annual Information Form (AIF) and other continuous disclosure, which list is not exhaustive of the factors that may affect any of Avante’s forward-looking information. In connection with the forward-looking statements contained in this and subsequent press releases, Avante has made certain assumptions about its business and the industry in which it operates and has also assumed that no significant events occur outside of Avante’s normal course of business. Although management believes that the assumptions inherent in the forward-looking statements are reasonable as of the date the statements are made, forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be put on such statements due to the inherent uncertainty therein. Avante’s forward-looking information is based on the beliefs, expectations and opinions of management on the date the statements are made, and Avante does not assume any obligation to update forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable law. For the reasons set forth above, readers should not place undue reliance on forward-looking information.Non-IFRS Financial MeasuresThis press release includes certain measures which have not been prepared in accordance with IFRS such as EBITDA, Adjusted EBITDA, Gross Profit and Direct Operating Expenses. These non-IFRS measures are not recognized under IFRS and, accordingly, users are cautioned that these measures should not be construed as alternatives to net income determined in accordance with IFRS. The non-IFRS measures presented are unlikely to be comparable to similar measures presented by other issuers.References to EBITDA are to net income before interest, taxes, depreciation and amortization. References to Adjusted EBITDA are to net income before interest, taxes, depreciation, amortization of intangibles & capitalized commissions, share-based payments, acquisition, integration and / or reorganization costs, deferred financing costs, loss (gain) in fair value of derivative liability, expensing of CWL fair value adjustment per IFRS, and CWL’s discontinued operations. References to Direct Operating Expenses are net of interest expense, accretion interest expense, depreciation, amortization and share based payments. EBITDA, Adjusted EBITDA, Gross Profit and Direct Operating Expenses are not earnings measures recognized by International Financial Reporting Standards (“IFRS”) and do not have a standardized meaning prescribed by IFRS. Management believes that Adjusted EBITDA is an appropriate measure in evaluating Avante’s performance. Readers are cautioned that neither EBITDA nor Adjusted EBITDA should be construed as an alternative to net income (as determined under IFRS), as an indicator of financial performance or to cash flow from operating activities (as determined under IFRS) or as a measure of liquidity and cash flow. Avante’s method of calculating Adjusted EBITDA may differ from methods used by other issuers and, accordingly, Avante’s Adjusted EBITDA may not be comparable to similar measures used by other issuers.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Covid-19In March 2020, the World Health Organization declared, the outbreak of the novel strain of coronavirus, specifically identified as “COVID-19”, a pandemic. This has resulted in governments worldwide enacting emergency measures to limit the spread of the virus, including closure of non-essential businesses. As of the date of this press release, the majority of the Company’s operations are considered essential in all provinces in which the Company operates. As such, to date the Company has been able to continue operating with no material impact to operations.There have been no material revisions to the nature and amount of estimates and judgments made in respect of the Company’s financial statements of prior periods. However, the effects of COVID-19 have required significant judgements and estimates to be made in the preparation of the Company’s financial statements. Additionally, the effects of COVID-19 may require revisions to estimates of expected credit losses attributed to accounts receivable arising from sales to customers on credit terms, including the incorporation of forward-looking information to supplement historical credit loss rates as well as other estimates and judgement used in the preparation of the Company’s financial statements. Due to rapid developments and uncertainty surrounding COVID-19, it is not possible to predict the impact that COVID-19 will have on the Company’s operations or financial results, its suppliers, and its customers. Additionally, it is possible the Company’s operations and consolidated financial results will change in the near term as a result of COVID-19.
‘Collaboratively planning a performance for weeks to not being invited? In my opinion zero nominations = you’re not invited!,’ writes Blinding Lights singer
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LAS VEGAS, Nov. 25, 2020 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc. (the “Company”) (OTCQB: GLXZ), a developer and distributor of casino table games and enhanced systems, announced today that its Annual Meeting of Stockholders will be held virtually on February 16, 2021. The purpose of the meeting is to (i) elect one member of the Company’s Board of Directors to serve for a three year term expiring in 2024; elect two members of the Company’s Board of Directors to serve for two (2) year terms expiring in 2023; and elect one member of the Company’s Board of Directors to serve for a (1) year term expiring in 2022; (ii) to ratify the appointment of Moss Adams, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2021 and (iii) to transact such other business as may properly come before the meeting or any adjournments thereof. The record date for the meeting will be the close of business on December 21, 2020.The Company intends to file a proxy statement with the U.S. Securities and Exchange Commission (the “SEC”) with respect to the 2021 Annual Meeting and to mail the definitive proxy statement and a proxy card, along with the Company’s 2019 Annual Report on Form 10-K, to each stockholder of record entitled to vote at the 2021 Annual Meeting on or about December 23, 2020.About Galaxy GamingHeadquartered in Las Vegas, Nevada, Galaxy Gaming (galaxygaming.com) develops and distributes innovative proprietary table games, state-of-the-art electronic wagering platforms and enhanced bonusing systems to land-based, riverboat, cruise ships and online casinos worldwide. Through its iGaming partner Games Marketing Ltd., Galaxy Gaming licenses its proprietary table games to the online gaming industry. Galaxy’s games can be played online at FeelTheRush.com. Connect with Galaxy on Facebook, YouTube and Twitter.Contact:Media: Phylicia Middleton (702) 936-5216 Investors: Harry Hagerty (702) 938-1753
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Michael Flynn was among former aides convicted in an investigation into Russian election interference.
TORONTO, Nov. 25, 2020 (GLOBE NEWSWIRE) -- Firm Capital Mortgage Investment Corporation (the "Corporation") (TSX: FC) is pleased to announce the launching of its direct to consumer retail residential mortgage lending platform - FC Mortgage. FC Mortgage aims to lend to Canadian home owners and foreign investors and will focus on residential first & second mortgages and lines of credit in the Greater Toronto Area (GTA) market. Pricing will be based on loan to value with interest rates starting at 5% and ranging to 9% per annum. Loan to value percentages will determine the interest-rate, with mortgage terms of 1 to 2 years offered, so that borrowers can establish a payment history and refinance with a chartered bank at maturity. Please visit www.FCMortgages.ca for more details.ABOUT THE CORPORATIONWhere Mortgage Deals Get Done®The Corporation, through its mortgage banker, Firm Capital Corporation, is a non-bank lender providing residential and commercial short-term bridge and conventional real estate financing, including construction, mezzanine and equity investments. The Corporation's investment objective is the preservation of shareholders' equity, while providing shareholders with a stable stream of monthly dividends from investments. The Corporation achieves its investment objectives through investments in selected niche markets that are under-serviced by large lending institutions. Lending activities to date continue to develop a diversified mortgage portfolio, producing a stable return to shareholders. The Corporation is a Mortgage Investment Corporation (MIC) as defined in the Income Tax Act (Canada). Accordingly, the Corporation is not taxed on income provided that its taxable income is paid to its shareholders in the form of dividends within 90 days after December 31 each year. Such dividends are generally treated by shareholders as interest income, so that each shareholder is in the same position as if the mortgage investments made by the Corporation had been made directly by the shareholder. Full reports of the financial results of the Corporation for the year are outlined in the audited financial statements and the related management discussion and analysis of the Corporation, available on the SEDAR website at www.sedar.com. In addition, supplemental information is available on the Corporation’s website at www.firmcapital.com.For further information, please contact:Firm Capital Mortgage Investment Corporation Eli Dadouch President & Chief Executive Officer (416) 635-0221Boutique Mortgage Lenders®FC Mortgage is the residential funding affiliate of Firm Capital Mortgage Investment Corporation, who’s lending and administrative activities are managed by Firm Capital Corporation (“FCC”) – Ontario Mortgage Brokerage, Lenders and Administrators Act License 10164, Administrators License 11442.
Brazils aviation regulator has lifted its order that grounded the Boeing 737 Max, clearing the way for the plane to fly again in Latin Americas biggest country.
CALGARY, Alberta, Nov. 25, 2020 (GLOBE NEWSWIRE) -- ARROW Exploration Corp. (“Arrow” or the “Company”) (TSXV: AXL) is pleased to announce the filing of its unaudited Financial Statements and MD&A for the quarter-ended September 30th, 2020, which are available on SEDAR (www.sedar.com). The financial and operating highlights for the quarter include the following: FINANCIAL AND OPERATING HIGHLIGHTS (in United States dollars, except as otherwise noted)Three months ended September 30, 2020 Nine months ended September 30, 2020 Three months ended September 30, 2019 Total natural gas and crude oil revenues, net of royalties 207,934 4,952,425 6,320,471 Funds flow from (used in) operations (1) (1,095,338) (2,471,562)1,500,573 Per share – basic ($) and diluted ($) (0.02) (0.04)0.02 Net income (loss) (1,390,746) (24,280,091)(1,325,939) Per share – basic ($) and diluted ($) (0.02) (0.35)(0.02) Adjusted EBITDA (1) (1,090,974) (1,692,816)1,993,407 Weighted average shares outstanding – basic and diluted 68,674,602 68,674,602 68,674,602 Common shares end of period 68,674,602 68,674,602 68,674,602 Capital expenditures 146,584 146,584 2,012,557 Cash and cash equivalents 91,248 91,248 167,383 Current Assets 5,119,909 5,119,909 8,771,087 Current liabilities 16,206,286 16,206,286 12,002,329 Working capital (deficit) (1) (11,086,377) (11,086,377)(3,231,242) Long-term portion of restricted cash (2) 441,284 441,284 436,791 Total assets 46,702,911 46,702,911 73,870,261 Operating Natural gas and crude oil production, before royalties Natural gas (Mcf/d)532 557 598 Natural gas liquids (bbl/d)7 6 6 Crude oil (bbl/d)9 470 1,693 Total (boe/d)104 569 1,799 Operating netbacks ($/boe) (1) Natural gas ($/Mcf)($0.17)($0.06)($0.72) Crude oil ($/bbl)($7.18)$11.64 $23.26 Total ($/boe)($5.57)$10.36 $21.68 (1) Non-IFRS measures – see “Non-IFRS Measures” section within the MD&A (2) Long term restricted cash not included in working capital Bridge LoanIn addition Carrao Energy S.A. (“Carrao”), the Company’s subsidiary, has repaid the bridge loan (“Bridge Loan”) previously provided to Carrao by Colombia Energy Development Co. (“CEDCO”), an affiliate of COG Energy Ltd., which is the purchaser of the LLA-23 Block. The bridge loan was previously announced by the Company on October 22nd, 2020.About ARROW Exploration Arrow Exploration Corp. (operating in Colombia via a branch of its 100% owned subsidiary Carrao Energy S.A.) is a publicly-traded company with a portfolio of premier Colombian oil assets that are under-exploited, under-explored and offer high potential growth. The Company’s business plan is to expand oil production from some of Colombia’s most active basins, including the Llanos, Middle Magdalena Valley (MMV) and Putumayo Basin. The asset base is predominantly operated with high working interests, and the Brent-linked light oil pricing exposure combines with low royalties to yield attractive potential operating margins. Arrow’s 50% interest in the Tapir Block is contingent on the assignment by Ecopetrol SA of such interest to Arrow. Arrow’s seasoned team is led by a hands-on executive team supported by an experienced board. Arrow is listed on the TSX Venture Exchange under the symbol “AXL”.For further information contact: Marshall Abbott Chief Executive Officer firstname.lastname@example.org (403) 651-5995Neither the TSX Venture Exchange (TSXV) nor its regulation services provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. Forward-looking Statements This news release contains certain statements or disclosures relating to Arrow that are based on the expectations of its management as well as assumptions made by and information currently available to Arrow which may constitute forward-looking statements or information (“forward-looking statements”) under applicable securities laws. All such statements and disclosures, other than those of historical fact, which address activities, events, outcomes, results or developments that Arrow anticipates or expects may, could or will occur in the future (in whole or in part) should be considered forward-looking statements. In some cases, forward-looking statements can be identified by the use of the words “continue”, “expect”, “opportunity”, “plan”, “potential” and “will” and similar expressions. The forward-looking statements contained in this news release reflect several material factors and expectations and assumptions of Arrow, including without limitation, Arrow’s evaluation of the impacts of COVID-19, the potential of Arrow’s Colombian assets to resume production, and Arrow’s business plan to expand oil production and achieve attractive potential operating margins. Arrow believes the expectations and assumptions reflected in the forward-looking statements are reasonable at this time but no assurance can be given that these factors, expectations and assumptions will prove to be correct. The forward-looking statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and the Company undertakes no obligations to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
A flight radar animation from Flightradar24 shows Thanksgiving-eve air traffic over North America, including the continental United States and parts of Canada and Mexico, between 6 am and 2 pm EST on Wednesday, November 25.As Thanksgiving approached, warnings against holiday travel from the Centers for Disease Control and Prevention (CDC) appeared to have been heeded. Passenger throughput figures from the Transportation Security Administration (TSA) for November 24, published on November 25, showed a steep decline in pre-holiday air travel compared to 2019.According to the TSA, passenger throughput totaled 912,090 on November 24, 2020, as opposed to 2,435,170 on the same day in 2019.An animation from Flightradar24 shows flights over the US on November 25, from 6 am to 2 pm EST.The TSA had not yet published their passenger throughput figures for November 25 at the time of writing. Credit: Flightradar24 via Storyful
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The Cellulosic Ethanol Market will grow by $ 237.00 mn during 2020-2024
TORONTO, Nov. 25, 2020 (GLOBE NEWSWIRE) -- The Ontario Federation of Labour (OFL) is increasingly dismayed with the Ford government’s lack of targeted action to stop the surge of COVID-19 currently running rampant in Peel, and across Ontario. The OFL is once again calling for the immediate provision of paid sick days, pandemic pay premiums for all essential workers, guaranteed access to required PPE, targeted testing and the public disclosure of workplaces currently experiencing outbreaks. Since the onset of this pandemic, the OFL has called on the Ford government to take immediate action to stop the spread of COVID-19 across Ontario. Yet, the Ford government continually and routinely fails to act on those recommendations.“We have put forward a suite of recommendations, on numerous occasions, that the Ford government must implement to keep workers safe and stop the spread of COVID-19, and time and time again, they ignore our calls,” said OFL President Patty Coates. “Do we need to hire Doug Ford friendly Conservative lobbyists, like multi-national corporation Walmart did – to get this government’s attention?”Among the list of recommendations that labour advocates have called for is access to paid sick days, for every worker in Ontario. The OFL is calling on the Ford government to immediately reverse their callous decision to remove paid sick days from Ontario workers, a move they made almost immediately upon forming government.This week, the OFL joined with workers’ advocacy group, Warehouse Workers Centre (WWC), to echo those demands – calling for the following immediate actions: * Pandemic pay: The OFL and the WWC demand that all workers receive pandemic pay by immediately raising the minimum wage and making pay premiums permanent. * Health and safety in the workplace: The OFL and the WWC demand that all employers implement the necessary safety precautions to ensure that workers are safe from COVID-19. Employers must respond to the needs of workers, including access to PPE, physical distancing, staggered shift and break times. * Province-wide paid sick days: The OFL, the WWC and numerous worker advocates call on the Ontario government to legislate in the Employment Standards Act the provision of at least seven paid days of emergency leave on a permanent basis, and additional 14 days of paid emergency leave during public health emergencies. In addition, the paid emergency leave must be available to all workers regardless of employment status, immigration status, or workplace size, and the leave must cover personal sickness, injury, or emergency, as well as family emergencies and responsibilities. * Better access to COVID-19 testing: We need greater access to COVID-19 testing amongst essential workers in warehousing, logistics and e-commerce. Employers must provide paid leave to workers who require testing. * Disclose the names of workplaces experiencing COVID-19 outbreaks: Access to information is critical. Workers and the community at large deserve to know where active COVID-19 outbreaks are occurring in workplaces, in their communities. The Government must immediately instruct Public Health Ontario to release the names and locations of workplace outbreaks so workers, adjacent businesses that service those workplaces, and the public are informed and can take action to stay safe. On the issue of the disclosure of workplace outbreaks, recent data from Peel Region suggests that manufacturing and industrial facilities account for 34 per cent of workplace outbreaks, while retail and food processing make up 14 per cent and 10 per cent respectively.Even former Conservative leader and current Mayor of Brampton Patrick Brown agrees.Mayor Brown supports identifying the locations of workplace outbreaks, suggesting ‘transparency’ is critical to helping curb the spread. Further, Brown has also identified the need to provide workers with access to ‘better sick benefits,’ so they can stay home when they are sick – as another immediate and needed measure.It doesn’t stop there, Dr. Lawrence Loh, Medical Officer of Health for the Region of Peel said at a recent news conference: “In protecting workers, we know that the absence of worker protections and paid sick leave does result in outbreaks because, people will show up because they’re choosing between their livelihood and their lives.”“The message to Ford is quite simple. We are done with the tough talk, the time for action is now,” said Coates. “With medical professionals and former Conservative leaders calling for transparency and paid sick days for workers in Ontario – why does Doug Ford still remain reticent to provide both? We can’t wait for the Premier to continue to ‘dance’ around the issue, we need action, now.”The Ontario Federation of Labour represents 54 unions and one million workers in Ontario. For information, visit www.OFL.ca and follow @OFLabour on Facebook and Twitter.For more information, please contact:Rob Halpin Executive Director Ontario Federation of Labour firstname.lastname@example.org l 416-707-9014 cope343
$7.4 trillion fund manager BlackRock was appointed to advise on environmental, social and governance (ESG) rules for European banks in which it owns large stakes
CALGARY, Alberta, Nov. 25, 2020 (GLOBE NEWSWIRE) -- Athabasca Minerals Inc. (“Athabasca” or the “Corporation”) (TSXV:AMI) announces its financial results for the third quarter ended September 30, 2020. The Corporation’s financial statements and management’s discussion and analysis (“MD&A”) are available on SEDAR at www.sedar.com and on the Athabasca Minerals Inc. website at www.athabascaminerals.com. The Corporation also announces the Q3 2020 Results Investor Update to be held on December 1, 2020. In the third quarter of 2020, Athabasca reported consolidated revenue of $0.4 million ($0.1 million in Q3 2019) with a total loss and comprehensive loss of $1.1 million, compared to income of $0.8 million in Q3 2019.Robert Beekhuizen stated: “Despite the challenges of COVID-19, AMI and our group of companies continues to focus on our objectives and making the right long-term decisions to advance our projects and strategic initiatives. The non-brokered private placement of $1.48 million in late October highlights the commitment to our Duvernay Sand Project, as well as the announcement of our joint venture partner to develop the sand facility.”BUSINESS HIGHLIGHTSAthabasca Minerals reports the following key highlights in Q3-2020: * In September 2020, the Corporation announced the advancement of a strategic Joint Venture (“JV”) initiative with an international industrial partner to pursue the Duvernay Sand Project. The aim of the JV initiative is to co-develop and operate one of the greenest sand facilities in North America. The JV initiative offers a number of unique synergies including industrial land for construction of the facility, as well as access to industrial utilities and transportation infrastructure; * AMI Aggregates was impacted by lower activity due to COVID-19 as well as the economic downturn. Resumption of normalized production out of Coffey Lake or AMI’s other corporate pits is not anticipated until early 2021 without improvement to commodity prices and lifting of COVID-19 restrictions; * In the third quarter of 2020, AMI RockChain had increased sales volumes relative to Q2-2020; however, volumes continue to be impacted by the economic downturn from COVID-19; * Subsequent to the third quarter of 2020, on October 26, 2020, the Corporation announced the closing of a $1.48 million non-brokered private placement, with the issuance of 9,866,688 common shares at a premium price of $0.15. Proceeds from the private placement will be used to advance Front-End Engineering & Development ("FEED") activities for the Duvernay Sand Project ("Duvernay Project") and for general corporate purposes. The private placement was supported by JMAC Resources Ltd. as an anchor investor. With the private placement, insider ownership of the Corporation’s Common Shares increased from 8.1% to 22.5%; * On October 26, 2020, the Corporation also announced the addition of Jon McCreary, CEO of JMAC Resources Inc., to the Board of Directors, effective November 1, 2020; and * AMI continues to pursue strategic partnering and joint-venture relationships that will advance its industrial minerals growth strategies, diversify its revenue generation, and increase options for access to lower-cost capital funding.Fiscal Management & Reporting * The Corporation has undertaken several financial initiatives in response to the COVID-19 pandemic: * A $40,000 loan for AMI Silica and a $40,000 loan for AMI RockChain were secured through the Canadian Emergency Business Account (“CEBA”) program to support these businesses through the COVID-19 pandemic. TerraShift also had a $40,000 CEBA loan at the time of acquisition. These loans are interest free, require no principal payments until December 2022, and $10,000 is forgivable if repaid by December 2022. In October 2020, the Government of Canada announced its intention to increase CEBA loans from $40,000 to $60,000, of which $20,000 will be forgivable if repaid by December 2022; * AMI applied for the Canadian Emergency Wage Subsidy (“CEWS”) program to assist its businesses through the COVID-19 pandemic. The CEWS program is currently in place until June 2021, and AMI has received and accrued subsidies totaling $267,574 as at September 30, 2020 from the CEWS program; * In November 2020, AMI intends to apply for the Canadian Emergency Rent Subsidy (“CERS”) program to further assist its businesses by receiving subsidies for rent and other commercial properties expenses incurred from September 27, 2020 until June 2021; * Principal repayment of the $1,500,000 bank loan purposed for Coffey Lake Public Pit and the True North Staging Hub construction was deferred an additional three months to six months of interest-only payment terms, which ended in July 2020; * In an effort to preserve the Corporation’s cash position and employees during the COVID-19 pandemic and economic downturn, AMI implemented a 90/10 compensation program whereby 90% of base salary is paid in cash and 10% of base salary is paid in treasury-issued shares. For this compensation program, the Corporation has put into place an Employee Share Purchase Plan (“ESP Plan”) and participation in the ESP Plan is voluntary. The compensation program was put into effect June 1, 2020 for employees and management. For director’s fees, the compensation program was retroactive to April 1, 2020. The ESP Plan was approved by the shareholders on September 22, 2020 and by the TSX Venture Exchange on October 16, 2020. * AMI’s cash position as at September 30, 2020 was $1.2 million free cash and $1.1 million restricted cash. The free cash balance increased subsequent to quarter end as a result of the $1.48 million non-brokered private placement which closed on October 26, 2020. AMI’s cash position as at October 31, 2020 was $2.4 million free cash and $1.1 million restricted cash. COVID-19 UPDATEAthabasca and its subsidiaries will continue to be operational through the new enhanced public health directives issued by the Province of Alberta, as per the recommendation of health officials, most employees will be working from home. AMI continues to develop both safety and technology features to better allow our customers and suppliers a safe and efficient method to continue meeting their aggregate needs. However, all operations could be affected by any new COVID-19 related issues or new lockdown directives, as it will be more challenging for our customers to move forward with projects during a lockdown.FINANCIAL AND OPERATIONAL HIGHLIGHTS($ thousands of CDN,Three Months Ended Sept 30Nine Months Ended Sept 30 unless otherwise noted) 2020 2019 2020 2019 Aggregate sales revenue$326$78$874$1,059 Management services revenue 100 0 557 434 Revenue 426 78 1,431 1,493 Operating costs (601) (430) (1,392) (2,107) Gross (loss) profit (322) (445) (312) (853) Total (loss) income and comprehensive (loss) income (1,106) 749 (2,596) (1,619) Cash position 1,176 3,986 1,176 3,986 Net cash (used in) operating activities (512) (760) (1,471) (1,868) Loss (income) per share ($ per share) Basic(.023).017(.055)(.038) Fully diluted(.023).016(.055)(.038) * The quarterly increase in revenue was a result of growth in aggregate sales revenue from AMI RockChain. In the third quarter of 2020, management services revenue was also generated by TerraShift, while the comparable quarter had nil revenue with the closure of Susan Lake operations. * For the nine months ended September 30, 2020, aggregates sales revenue was lower due to a decline in AMI’s corporate pit revenue, offset by increased networked 3rd party sales revenue from AMI RockChain. Management services revenue in the nine months ended September 20, 2020 increased versus the comparable period in 2019 due to sales from Coffey Lake in 2020 and the addition of TerraShift’s revenue stream. * Gross profit (loss) for the three and nine months ended September 30, 2020 was a loss of $0.3 million and loss of $0.3 million, respectively, compared to a loss of $0.4 million and $0.9 million for the same periods in 2019. Included in the loss of $0.3 million for the three and nine months ended September 30, 2020 was an inventory write-down of $0.3 million. The Corporation took the necessary actions to adjust costs structures where possible, and as a result, gross losses were significantly reduced in the three and nine month 2020 periods. It is anticipated that these adjustments to costs will benefit the Corporation on an ongoing basis. * The total loss (income) and comprehensive loss (income) for the three and nine months ended September 30, 2020 was a loss of $1.1 million and $2.6 million, respectively, compared to income of $0.8 million and a loss of $1.6 million for the corresponding periods in 2019. * Net working capital of $1.0 million as at September 30, 2020 (December 31, 2019: $2.8 million). On October 26, 2020, the Corporation completed a $1.48 million non-brokered private placement enhancing AMI’s net working capital. In management’s opinion the enhanced net working capital from the private placement positions AMI to fund ongoing operations. The Corporation used less cash in operations in the three and nine months ended September 30, 2020 compared to the equivalent periods in 2019. The write-down of inventory also decreased working capital as at September 30, 2020 compared to December 31, 2019. GRANT OF STOCK OPTIONS AND DEFERRED SHARE UNITS * AMI announces that its Board of Directors have approved the grant of 664,800 stock options ("Options") and 36,000 Deferred Share Units ("DSUs") to officers, directors, and select management of the Corporation pursuant to the Corporation's Options and DSU plans as well as the Corporation's Stock Option Replenishment Program. The Options have an exercise price of $0.14 per share and have a term of five years. INVESTOR UPDATE WEBCAST Athabasca will host a webcast for investors, analysts and stakeholders to provide an update on the existing operating environment. Registration is required, so please pre-register to receive your password.Date: Tuesday, December 1, 2020 Time:11:30 am MT (1:30 pm ET) Webcast: To avoid delays, please register in advance https://us02web.zoom.us/webinar/register/WN_cgbGhOPYR7eYR7XFT3G_zg Or https://www.athabascaminerals.com/ Phone:1-587-328-1099 ID: 883 2911 3771 Passcode: 498488 A webcast link and related presentation material will be accessible on the ‘Investors Information’ page of the Corporation’s website at https://www.athabascaminerals.com/. A replay of the event will be provided at the same location following the event.ABOUT ATHABASCA MINERALS INC. Athabasca is an integrated group of companies focused on the aggregates, industrial minerals and resource sectors, including exploration and development; aggregates marketing and midstream supply-logistics solutions. Business activities include aggregate production, sales and royalties from corporate-owned pits, management services of third-party pits, acquisitions of sand and gravel operations, integrated supply/delivery solutions of industrial minerals, and new venture development. The Corporation is strategically focused on growing its three core business units: the AMI Aggregates division, the AMI RockChain division, and the AMI Silica division. Management is continually pursuing opportunities for sustained growth and diversification in supplying aggregate products and industrial minerals.Athabasca’s business is comprised of the following three reportable segments: * AMI Aggregates division produces and sells aggregate out of its corporate pits and manages the Coffey Lake Public Pit on behalf of the Province of Alberta for which aggregate management services revenue are earned. * AMI Silica division is positioning to become a leading supplier of premium domestic silica sand with regional deposits in Alberta and NE British Columbia. This reporting segment encompasses all silica assets including Firebag, the Duvernay Project and the Montney In-Basin Project. * AMI RockChain division is a midstream technology-based business using its proprietary RockChain™ digital platform, associated algorithm and quality assurance & control services to provide cost-effective integrated supply / delivery solutions of industrial minerals to industry, and the construction sector. * TerraShift Engineering Ltd. is a newly acquired entity of RockChain. It offers technology-based applications that support resource exploration and development, environmental and regulatory planning, resource management, compliance reporting, and reclamation for a growing customer base across Western Canada and Ontario.For further information, please contact: Tanya Finney, Director, Investor and Stakeholder Relations Tel: 587-391-0548 / Email: email@example.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.FORWARD LOOKING STATEMENTS This document contains “forward looking statements” and “forward-looking information” (collectively referred to herein as “forward-looking statements”) concerning anticipated developments and events that may occur in the future. Forward looking statements include, but are not limited to: statements with respect to the estimation of aggregate and mineral reserves and resources, the realization of aggregate and mineral reserve estimates, disposition of assets, the timing and amount of estimated future production, costs of production, capital expenditures, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, requirements for additional capital, potential joint venture relationships, potential acquisitions, geographic diversification, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage.Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “continues”, “future”, “forecasts”, “potential”, “budget” and similar expressions, or are events or conditions that “will”, “would”, “may”, “likely”, “could”, “should”, “can”, “typically”, “traditionally” or “tend to” occur or be achieved. This MD&A contains forward-looking statements, pertaining to, among other things, the following: the impact of Athabasca’s financial resources or liquidity on its future operating, investing and financing activities; Athabasca’s capital budgets, the appropriateness of the amount and expectations of how it will be funded; the Corporation’s capital management strategy and financial position; Athabasca’s outlook, industrial and construction levels, and focus on cost management; the expansion of customers and network of AMI RockChain; the international industrial partner or joint venture for the Duvernay Project; a potential partner for the Montney Project; continued development of the Duvernay Project; the potential completion of a National Instrument 43-101 compliant technical report for the Montney Project; the reactivation of certain inactive pits; potential acquisition or divestiture activities; the demand for aggregates from the Richardson Quarry Project; and the impact of and the Corporation’s response to the COVID-19 health pandemic.Although the Corporation believes that the material factors, expectations and assumptions expressed in such forward-looking statements are reasonable based on information available to it on the date such statements are made, undue reliance should not be placed on the forward-looking statements because the Corporation can give no assurances that such statements and information will prove to be correct and such statements are not guarantees of future performance. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual performance and results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to: known and unknown risks, including those set forth in the Corporation’s annual information form dated September 3, 2020 (a copy of which can be found under Athabasca’s website under Annual Documents or on the Corporation’s profile on SEDAR at www.sedar.com); exploration and development costs and delays; weather, health, safety, market and environmental risks; integration of acquisitions, competition, and uncertainties resulting from potential delays or changes in plans with respect to acquisitions, development projects or capital expenditures and changes in legislation including, but not limited to incentive programs and environmental regulations; stock market volatility and the inability to access sufficient capital from external and internal sources; general economic, market or business conditions; the COVID-19 health pandemic; global economic events; changes to Athabasca’s financial position and cash flow; the availability of qualified personnel, management or other key inputs; potential industry developments; and other unforeseen conditions which could impact the use of services supplied by the Corporation. Accordingly, readers should not place undue importance or reliance on the forward-looking statements. Readers are cautioned that the list of factors set out herein is not exhaustive and should refer to “Risk Factors” set out in the Corporation’s annual information form dated September 3, 2020.Statements, including forward-looking statements, contained in this MD&A are made as of the date they are given and the Corporation disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements contained in this MD&A are expressly qualified by this cautionary statement.Additional information on these and other factors that could affect the Corporation’s operations and financial results are included in reports on file with applicable securities regulatory authorities and may be accessed on Athabasca’s website or under Athabasca’s profile on SEDAR at www.sedar.com.
On a Minnesota offense that features Dalvin Cook, who leads the league in rushing yards per game, and has bigplay rookie receiver Justin Jefferson garnering headlines, sevenyear veteran Adam Thielen is still an important piece for quarterback Kirk Cousins.
Napoli will consider renaming their Stadio San Paolo home in honour of Diego Maradona, following the Argentine’s passing at the age of 60. Maradona became a hero in Naples during a seven-year stay after joining from Barcelona in 1984, leading the club to their first two Serie A titles. During Maradona’s time at the club, political tensions between Italy’s northern and southern regions were at their peak, and there were famously split loyalties among some Neapolitans when Italy faced Argentina in the semi-final of the 1990 World Cup at the San Paolo.