QUEBEC

IntelGenx Reports Fourth Quarter and Full-Year 2023 Financial Results

Retrieved on: 
Jeudi, mars 21, 2024
Quarter, Annual report, Medical Products Agency (Sweden), Parkinson's disease, General counsel, International, Patient, Loan agreement, Research, Webcast, Form 10-K, University, Stock, Senior, Bank statement, TSX, SKU, Investment, Pet, Cryptocurrency

SAINT LAURENT, Quebec, March 21, 2024 (GLOBE NEWSWIRE) -- IntelGenx Technologies Corp. (TSX:IGX)(OTCQB:IGXT) (the "Company" or "IntelGenx") today reported financial results for the three- and twelve-month periods ended December 31, 2023.

Key Points: 
  • SAINT LAURENT, Quebec, March 21, 2024 (GLOBE NEWSWIRE) -- IntelGenx Technologies Corp. (TSX:IGX)(OTCQB:IGXT) (the "Company" or "IntelGenx") today reported financial results for the three- and twelve-month periods ended December 31, 2023.
  • Net comprehensive loss was $1.7 million, down from $2.3 million in the fourth quarter of 2022.
  • Operating costs and expenses were $2.4 million for the fourth quarter of 2023, versus $2.7 million for the corresponding three-month period of 2022.
  • IntelGenx will host a conference call to discuss these 2022 fourth quarter and full year financial results today at 8:30 a.m.

Globex Acquires Gold Exploration Target in Arizona, USA

Retrieved on: 
Jeudi, mars 21, 2024
Dorado, B-68, Element, Gneiss, Perchloric acid, Geo, Silver, Vein, B-29, ICP-OES, Hydrogen chloride, AAL, Salt, Gold, GMX, Toronto Stock Exchange, HF, B-34, B-19, HNO3, Glass, H3BO3, Linearity, B-47, Mining

The project area is at the northernmost margin of the historic Gold Basin Mining District.

Key Points: 
  • The project area is at the northernmost margin of the historic Gold Basin Mining District.
  • In the area covered by Globex’s Salt Spring property Globex has identified 14 small mine workings and at least 15 prospects.
  • Globex already carried out preliminary fieldwork including geological mapping and collected a total of 70 rock samples.
  • Obtained gold values above 10 g/t were re-analyzed via fire assay of a 30 g subsample and gravimetric determination.

Savaria Declares Monthly Dividend

Retrieved on: 
Jeudi, mars 21, 2024
Corporation, TSX, Income Tax Act, Policy

LAVAL, Quebec, March 21, 2024 (GLOBE NEWSWIRE) -- Savaria Corporation (“Savaria”) (TSX: SIS) a global leader in the accessibility industry, declared today a dividend of 4.33 cents ($0.0433) per common share, in accordance with its monthly dividend policy, payable on April 10, 2024, to shareholders of record of the Corporation at the close of business on March 29, 2024.

Key Points: 
  • LAVAL, Quebec, March 21, 2024 (GLOBE NEWSWIRE) -- Savaria Corporation (“Savaria”) (TSX: SIS) a global leader in the accessibility industry, declared today a dividend of 4.33 cents ($0.0433) per common share, in accordance with its monthly dividend policy, payable on April 10, 2024, to shareholders of record of the Corporation at the close of business on March 29, 2024.
  • This is an eligible dividend within the meaning of the Income Tax Act.

MADD Canada Supports Administrative Sanctions at .05% -.08% BAC in Quebec

Retrieved on: 
Jeudi, mars 21, 2024
Research, Criminal code, MADD Canada, Death, Crash, MADD, Drinking, The central science, Safety, Injury, Government

OAKVILLE, Ontario, March 21, 2024 (GLOBE NEWSWIRE) -- MADD Canada believes strong administrative sanctions in the .05% to .08% blood alcohol concentration (BAC) range are important to reduce impaired driving deaths and injuries.

Key Points: 
  • OAKVILLE, Ontario, March 21, 2024 (GLOBE NEWSWIRE) -- MADD Canada believes strong administrative sanctions in the .05% to .08% blood alcohol concentration (BAC) range are important to reduce impaired driving deaths and injuries.
  • All provinces in Canada, except Quebec, have administrative licence suspensions at the .05% to .08% BAC level, which has enhanced road safety.
  • MADD Canada’s National President, Tanya Hansen Pratt, knows all too well the real cost of impaired driving.
  • Surveys have shown that the majority of Quebecers support sanctions at the .05% BAC level to reduce impaired driving and related crashes and injuries.

Vior Announces $20 Million Private Placement

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Mercredi, mars 20, 2024
Mining, TSX Venture Exchange, Exercise, Exchange, CEE, Sale, Amend, Policy, Minority, VIO, Acceleration, Irish Republican Army (1919–1922), News, Date, Originality, IRA, Income Tax Act, Offering, QTA, Agent, Security (finance)

It is expected that approximately $13 million will be raised from FT Units and $7 million from Hard Units and Subscription Receipts.

Key Points: 
  • It is expected that approximately $13 million will be raised from FT Units and $7 million from Hard Units and Subscription Receipts.
  • Each Hard Unit and Subscription Receipt will have an issue price of $0.125 and each FT Unit will have an issue price of $0.2225.
  • The Over-Allotment Option will be exercisable, in whole or in part, up to 48 hours prior to the Closing Date.
  • The parties are expected to enter into a definitive royalty option agreement (the “Royalty Option Agreement”).

Subdued Growth Across Canada in 2024

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Mercredi, mars 20, 2024
Bank, Conference Board of Canada, Employment, Conference, The Conference Board, Growth, Unemployment, Research, CentrePort Canada, GDP, Bank of Canada, Workforce, Public sector, Aluminium, Snow, Population growth, Renewable energy

Canada’s real GDP growth is forecast to be just 0.6 per cent in 2024, followed by a stronger 2.3 per cent in 2025.

Key Points: 
  • Canada’s real GDP growth is forecast to be just 0.6 per cent in 2024, followed by a stronger 2.3 per cent in 2025.
  • The province’s GDP growth is anticipated to be a modest 0.6 per cent in 2024, followed by 2.3 per cent in 2025.
  • Quebec’s GDP growth is expected to be just 0.3 per cent in 2024 but will rise by 1.7 per cent in 2025.
  • New Brunswick’s economy is forecast to expand a mere 0.2 per cent in 2024 before rebounding to 1.7 per growth cent in 2025.

Calibre Mining Announces C$100 Million Bought Deal Financing

Retrieved on: 
Mardi, mars 19, 2024
Indian stock exchange, Offering, Sale, News, Prospectus, TSX, CXB, OTCQX, BMO Capital Markets, Security (finance)

VANCOUVER, British Columbia, March 19, 2024 (GLOBE NEWSWIRE) -- Calibre Mining Corp. (TSX: CXB, OTCQX: CXBMF) (the “Company” or “Calibre”) has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy on bought deal basis 59,600,000 common shares (the “Common Shares”) of the Company, at a price of $1.68 per Common Share for gross proceeds of $100 million (the “Offering”). The Company has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any. The Offering is expected to close on or about April 16, 2024 and is subject to Calibre receiving all necessary regulatory approvals.

Key Points: 
  • Not for distribution to U.S. news wire services or dissemination in the United States.
  • VANCOUVER, British Columbia, March 19, 2024 (GLOBE NEWSWIRE) -- Calibre Mining Corp. (TSX: CXB, OTCQX: CXBMF) (the “Company” or “Calibre”) has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy on bought deal basis 59,600,000 common shares (the “Common Shares”) of the Company, at a price of $1.68 per Common Share for gross proceeds of $100 million (the “Offering”).
  • The Company has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any.
  • The Offering is expected to close on or about April 16, 2024 and is subject to Calibre receiving all necessary regulatory approvals.

Impressive $3.3M investment in Basic Mental Health Research

Retrieved on: 
Mardi, mars 19, 2024
Depression, Health, Basics, Mental health, Obesity, Prevalence, Drug discovery, University of Calgary, Insulin, Risk, Knowledge, Insulin resistance, The Honourable, Power Corporation of Canada, Research, Anxiety, University, Laboratory, Health Canada, Woman, Addiction, University of Toronto, Nursing

Basic research is scientific research carried out primarily to expand knowledge and understanding rather than to directly address clinical or practical issues.

Key Points: 
  • Basic research is scientific research carried out primarily to expand knowledge and understanding rather than to directly address clinical or practical issues.
  • The Basics of Better Mental Health Program funds basic research that will provide insight into the causes and onset of mental health conditions, explore the neuropathological changes and information-processing deficits that may eventually lead to new directions for treatments and interventions, and explore the role of sex and gender in mental health.
  • "Brain research plays a critical role in increasing our understanding of the causes and onset of mental health conditions,” says the Honourable Ya’ara Saks, Minister of Mental Health and Addictions.
  • “I am thrilled to support the work being done through the Basics of Better Mental Health Program – this work will support better mental health for all Canadians.”
    “The inclusion of sex-specific biological considerations is instrumental in understanding the biological roots of mental health conditions,” says Dr. Viviane Poupon, President and CEO of Brain Canada.

Equifax® Canada: Insolvencies Rise Amid Mounting Financial Stress on Canadian Businesses

Retrieved on: 
Mardi, mars 19, 2024
CEBA, Squeeze, Growth, Equifax Canada

TORONTO, March 19, 2024 (GLOBE NEWSWIRE) -- Many Canadian businesses are facing an uphill battle, as evidenced by a 41.4 per cent surge in business insolvencies in 2023 when compared to 2022. The latest data from Equifax® Canada’s Market Pulse Quarterly Business Credit Trends Report also points to a 14.3 per cent uptick in the number of businesses that missed a payment on a credit product (Q4 2023 vs. Q4 2022).

Key Points: 
  • One significant contributor to this mounting stress is the repayment of Canada Emergency Business Account (CEBA) loans.
  • “Canadian businesses are facing a perfect storm of economic pressures,” says Jeff Brown, Head of Commercial Solutions for Equifax Canada.
  • “The sharp rise in insolvencies, representing a 30.3 per cent surge since 2019, underscores the financial pressures faced by businesses.
  • “As always, we will monitor this closely and we will provide insights to help businesses respond to the ever-evolving market conditions.”

Probe Gold Discovers New Gold Zones, Grading up to 6.2 g/t Au over 13.0 Metres (cut), at Courvan, Novador Project, Quebec

Retrieved on: 
Mardi, mars 19, 2024
Bussière, Vein, Gold, TSX, PEA, PRB, Mining

TORONTO, March 19, 2024 (GLOBE NEWSWIRE) -- Probe Gold Inc. (TSX: PRB) (OTCQB: PROBF) (“Probe” or the “Company”), is pleased to provide the final set of results from the 2023 Courvan Gold Trend drill program on its 100%-owned Novador property (the “Property”) located near Val-d’Or, Quebec. Results from forty-seven (47) drill holes, totaling 12,200 metres, have returned significant gold intercepts from surface to 150 metres vertical depth at the Bussiere and Creek deposits (see figure 1 and table of selected drill results below). The 2023 fall drill program at Courvan focused on both resource expansion and exploration drilling. Exploration drilling east of the former Bussiere mine returned impressive intervals in a new discovery, with an initial intercept of 1.1 g/t Au over 29.0 metres with follow-up resource expansion drilling returning higher-grade intercepts of up to 6.2 g/t Au over 13.0 metres (cut) and 4.1 g/t Au over 6.0 metres. Winter resource expansion drilling at the Novador trends, Courvan and Monique, is progressing well, including follow-up drilling on the new Bussiere East discovery area. Assay results from the winter program will be released when available. Based on the success of the 2023 exploration program, the Company will continue our regional exploration in 2024, with at least 6 new areas slated for evaluation and drilling.

Key Points: 
  • New, near-surface, Gold Zone discovered 400 metres East of the Bussiere Mine Zone; significant new gold intersections grading up to 6.2 g/t Au over 13.0 metres (cut) (7.6 g/t Au over 13.0 metres uncut), including 68 g/t Au over 1.0 metre; 4.1 g/t Au over 6.0 metres; and 1.1 g/t Au over 29.0 metres.
  • Near-surface expansion drilling on the Creek Deposit intersected parallel gold zones grading up 6.2 g/t Au over 9.1 metres (cut) (18.5 g/t Au over 9.1 metres uncut), including 162 g/t Au over 1.0 metre; and 18.4 g/t Au over 3.0m (cut) (23.9 g/t Au over 3.0m uncut), including 66.4 g/t Au over 1.0 metre.
  • Near-surface expansion drilling at Bussiere Deposit intersected thick gold zones grading up to 1.0 g/t Au over 61.0 metres.
  • The 2023 fall drill program at Courvan focused on both resource expansion and exploration drilling.