Rights

Empire Petroleum Announces Commencement of Previously Announced Rights Offering

Retrieved on: 
Friday, March 8, 2024

TULSA, Okla., March 07, 2024 (GLOBE NEWSWIRE) -- Empire Petroleum Corporation (NYSE American: EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced today that it has commenced its previously announced subscription rights offering (“Rights Offering”) pursuant to which it intends to raise gross proceeds of up to approximately $25.0 million.

Key Points: 
  • TULSA, Okla., March 07, 2024 (GLOBE NEWSWIRE) -- Empire Petroleum Corporation (NYSE American: EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced today that it has commenced its previously announced subscription rights offering (“Rights Offering”) pursuant to which it intends to raise gross proceeds of up to approximately $25.0 million.
  • In addition, holders of subscription rights who fully exercise their subscription rights are entitled to over-subscribe for additional shares of Common Stock, subject to proration.
  • Holders of subscription rights who hold their shares directly will receive a prospectus, a prospectus supplement, a letter from Empire describing the Rights Offering, and a subscription rights certificate.
  • Those holders who intend to exercise their subscription rights and over-subscription rights should review all of these materials, properly complete and execute the subscription rights certificates, and deliver the subscription rights certificates and full payment to Securities Transfer Corporation, the subscription agent for the Rights Offering, at the address set forth in the prospectus supplement.

Land and Economic Reconciliation: Cambium Inc. and Cambium Indigenous Professional Services Forge Groundbreaking Agreement

Retrieved on: 
Tuesday, February 27, 2024

PETERBOROUGH, Ontario, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Cambium Inc. (Cambium) and Cambium Indigenous Professional Services (CIPS) are thrilled to announce a transformative agreement emphasizing land and economic reconciliation with Indigenous Peoples.

Key Points: 
  • PETERBOROUGH, Ontario, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Cambium Inc. (Cambium) and Cambium Indigenous Professional Services (CIPS) are thrilled to announce a transformative agreement emphasizing land and economic reconciliation with Indigenous Peoples.
  • In a significant step towards fostering full Indigenous ownership, Cambium, a shareholder in CIPS, and CIPS have committed to a share repurchase at fair market value.
  • The Reconciliation Agreement outlines joint efforts to develop project strategies that contribute to enhanced land outcomes while pursuing mutual prosperity.
  • The evolution of our partnership with CIPS signifies our commitment to meaningful engagement with Indigenous Peoples, acknowledging their unique perspectives and contributions."

INNOVATE Corp. Announces Rights Offering for Common Stock

Retrieved on: 
Monday, February 26, 2024

INNOVATE stockholders who exercise their respective full basic subscription rights will have over-subscription privileges giving such INNOVATE stockholders the option to subscribe for any shares of common stock that remain unsubscribed at the expiration of the rights offering.

Key Points: 
  • INNOVATE stockholders who exercise their respective full basic subscription rights will have over-subscription privileges giving such INNOVATE stockholders the option to subscribe for any shares of common stock that remain unsubscribed at the expiration of the rights offering.
  • The Company will distribute to each holder of the Company’s common stock as of March 6, 2024 (the “rights offering record date”), one transferable subscription right to purchase shares of the Company’s common stock at a price to be determined prior to commencement of the rights offering.
  • Holders of the Company’s existing preferred stock and convertible notes that are entitled to participate in dividend distributions to holders of the Company’s common stock will also be entitled to participate in the rights offering.
  • The Preferred Stock terms will include a liquidation preference junior to the Company’s existing preferred stock and equal to the Company’s common stock (other than a preference of $0.001 per share of Preferred Stock that will be paid to the holders of the Preferred Stock before any payment or distribution is made to the holders of the common stock).

Empire Petroleum Issues Correction for Previously Announced Proposed Rights Offering

Retrieved on: 
Wednesday, February 28, 2024

Empire Petroleum Corporation (NYSE American: EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced today a correction to its prior announcement regarding its subscription rights offering (“Rights Offering”) with a record date of the close of business on March 7, 2024 (the “Record Date”) pursuant to which it intends to raise gross proceeds of up to approximately $25 million.

Key Points: 
  • Empire Petroleum Corporation (NYSE American: EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced today a correction to its prior announcement regarding its subscription rights offering (“Rights Offering”) with a record date of the close of business on March 7, 2024 (the “Record Date”) pursuant to which it intends to raise gross proceeds of up to approximately $25 million.
  • The initial release indicated that each subscription right entitled the holder to purchase 4,132,232 shares at the subscription price of $6.05.
  • The Rights Offering will be more fully described in the prospectus supplement filed with the Securities and Exchange Commission (“SEC”) on or about the Record Date.
  • Once available, a copy of the prospectus, prospectus supplement or further information with respect to the Rights Offering may be obtained by contacting Securities Transfer Corporation, the subscription and information agent for the Rights Offering, at (469) 633-0101.

Empire Petroleum Announces Record Date for Proposed Rights Offering

Retrieved on: 
Wednesday, February 28, 2024

Empire Petroleum Corporation (NYSE American: EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced today that its Board of Directors has fixed the close of business on March 7, 2024 as the record date (the “Record Date”) for a subscription rights offering (“Rights Offering”) pursuant to which it intends to raise gross proceeds of up to approximately $25 million.

Key Points: 
  • Empire Petroleum Corporation (NYSE American: EP) ("Empire" or the "Company"), an oil and gas company with current producing assets in New Mexico, North Dakota, Montana, Texas, and Louisiana, announced today that its Board of Directors has fixed the close of business on March 7, 2024 as the record date (the “Record Date”) for a subscription rights offering (“Rights Offering”) pursuant to which it intends to raise gross proceeds of up to approximately $25 million.
  • Holders of subscription rights who hold their shares directly will receive a prospectus, a prospectus supplement, a letter from Empire describing the Rights Offering, and a subscription rights certificate.
  • Those holders who intend to exercise their subscription rights and over-subscription rights should review all of these materials, properly complete and execute the subscription rights certificates, and deliver the subscription rights certificates and full payment to Securities Transfer Corporation, the subscription agent for the Rights Offering, at the address set forth in the prospectus supplement.
  • The Rights Offering will be more fully described in the prospectus supplement filed with the Securities and Exchange Commission (“SEC”) on or about the Record Date.

Compliance Scorecard™ and ConnectSecure​™ Introduce Automated Asset Governance Solution for MSPs

Retrieved on: 
Tuesday, February 27, 2024

Compliance Scorecard ​™​, a Governance-as-a-Service solution created by MSPs for MSPs, and ConnectSecure ™, a leader in MSP vulnerability management solutions, have joined forces to automate asset governance.

Key Points: 
  • Compliance Scorecard ​™​, a Governance-as-a-Service solution created by MSPs for MSPs, and ConnectSecure ™, a leader in MSP vulnerability management solutions, have joined forces to automate asset governance.
  • With just a few clicks, MSPs can pull inventory data from ConnectSecure vulnerability scans into Compliance Scorecard’s Asset Scorecard, giving them the ability to identify all managed assets and govern them.
  • Armed with the addition of Compliance Scorecard’s Asset Scorecard, MSPs can govern assets by setting a scheduled asset review, see if they are meeting requirements, and work with their clients to get devices reviewed and approved on a regular cadence.
  • It is a huge value-add for MSPs to be able to offer this level of compliance management for asset governance.”
    ConnectSecure CEO Peter Bellini noted that automating asset governance significantly advances MSPs’ cybersecurity practices.

Zurn Elkay Water Solutions Publishes 2023 Sustainability Report

Retrieved on: 
Thursday, February 22, 2024

Zurn Elkay Water Solutions Corporation (NYSE: ZWS) today published its 2023 Sustainability Report , which outlines how the pure-play water company continues to advance its sustainability initiatives.

Key Points: 
  • Zurn Elkay Water Solutions Corporation (NYSE: ZWS) today published its 2023 Sustainability Report , which outlines how the pure-play water company continues to advance its sustainability initiatives.
  • The Zurn Elkay 2023 Sustainability Report highlights progress against nearly two dozen existing timebound targets focused on improving supplier diversity, air emissions, waste reduction, plastic bottle elimination, greenhouse gas emissions, energy consumption, employee engagement and much more.
  • “Sustainability is inherently linked to our business, and no discussion of sustainability is complete without addressing how we will protect, conserve and manage clean water,” said Todd A. Adams, Zurn Elkay Water Solutions Chairman and CEO.
  • To learn more about Zurn Elkay’s 2023 ESG efforts and ongoing strategy, review the Zurn Elkay Water Solutions 2023 Sustainability Report , as well as the company’s Sustainability website .

GlobalData report highlights staggering $425.5 billion economic costs of obesity and overweight to U.S. Businesses and Employees in 2023

Retrieved on: 
Thursday, February 22, 2024

Obesity and overweight are estimated to have caused a staggering $425.5 billion in economic costs to U.S. businesses and employees in 2023, according to a report released by GlobalData Plc , a leading data and analytics company.

Key Points: 
  • Obesity and overweight are estimated to have caused a staggering $425.5 billion in economic costs to U.S. businesses and employees in 2023, according to a report released by GlobalData Plc , a leading data and analytics company.
  • Of the 158 million civilian employees on nonfarm payrolls, 30% (46.9M) are classified as having obesity and 34% (53.8M) have overweight.
  • Costs amounted to $347.5 billion attributed to obesity and $78 billion attributed to overweight.
  • Costs include $146.5 billion in higher medical costs for employees and their dependents, $82.3 billion in higher absenteeism (missed workdays), $160.3 billion in higher presenteeism (reduced productivity due to illness), $31.1 billion in higher disability costs, and $5.2 billion in higher Workers’ Compensation Program costs.

Minister Boissonnault announces funding to support skills training for Indigenous people across Canada

Retrieved on: 
Thursday, March 7, 2024

The Skills and Partnership Fund is a project-based program supporting partnerships between Indigenous organizations and employers to provide targeted skills training for Indigenous people for in-demand jobs at the local, regional and national level.

Key Points: 
  • The Skills and Partnership Fund is a project-based program supporting partnerships between Indigenous organizations and employers to provide targeted skills training for Indigenous people for in-demand jobs at the local, regional and national level.
  • It is one of two complementary Indigenous labour market programs delivered by Employment and Social Development Canada, the other one being the distinctions-based Indigenous Skills and Employment Training Program.
  • These initiatives not only address skills shortages in Canada but also contribute to the empowerment of our Indigenous peoples through meaningful employment."
  • The Skills and Partnership Fund aims to close the skills and employment gaps between Indigenous and non-Indigenous people and to increase Indigenous participation in the labour market by ensuring that Indigenous people have improved skills and employment opportunities.

Plan International Canada celebrates CEO Lindsay Glassco's Women of Influence Lifetime Achievement Award ahead of International Women's Day

Retrieved on: 
Tuesday, March 5, 2024

TORONTO, March 5, 2024 /CNW/ - Ahead of International Women's Day, March 8, Plan International Canada is excited to announce that President and CEO Lindsay Glassco is the recipient of this year's Top 25 Women of Influence Lifetime Achievement Award .

Key Points: 
  • TORONTO, March 5, 2024 /CNW/ - Ahead of International Women's Day, March 8, Plan International Canada is excited to announce that President and CEO Lindsay Glassco is the recipient of this year's Top 25 Women of Influence Lifetime Achievement Award .
  • Earlier in her career, she spent a decade with the Government of Canada, including at Foreign Affairs and International Trade Canada (now Global Affairs Canada).
  • Plan International Canada thanks Women of Influence+ for amplifying the indomitable spirit of women in all their diversity who are driving progress and innovation in society and congratulates all of the Top 25 Women of Influence® Awards recipients.
  • On International Women's Day, the organization calls on everyone to invest in the extraordinary potential of young women to lead and thrive.