DRT

DIRTT Announces Amendments to its Substantial Issuer Bid

Retrieved on: 
Wednesday, March 6, 2024

CALGARY, Alberta, March 05, 2024 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (“DIRTT” or the “Company”) (TSX: DRT; OTC: DRTTF), a leader in industrialized construction, announced today that it has effected certain amendments to the Company's offer to purchase and accompanying issuer bid circular (the "Offer and Circular") dated February 15, 2024, in connection with its previously announced substantial issuer bid and tender offer (the "Issuer Bid").

Key Points: 
  • CALGARY, Alberta, March 05, 2024 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (“DIRTT” or the “Company”) (TSX: DRT; OTC: DRTTF), a leader in industrialized construction, announced today that it has effected certain amendments to the Company's offer to purchase and accompanying issuer bid circular (the "Offer and Circular") dated February 15, 2024, in connection with its previously announced substantial issuer bid and tender offer (the "Issuer Bid").
  • This Notice of Variation should be read in conjunction with the Issuer Bid Documents (as defined herein).
  • DIRTT has retained Computershare Investor Services Inc. ("Computershare") to act as depositary for the Issuer Bid.
  • Debentureholders are urged to carefully read these materials prior to making any decision with respect to the Issuer Bid.

DIRTT Announces Issuer Bid and Tender Offer to Purchase 6.00% Convertible Debentures due January 2026 and 6.25% Convertible Debentures due December 2026

Retrieved on: 
Thursday, February 15, 2024

DIRTT will return all Debentures not purchased under the Issuer Bid, including Debentures not purchased because of pro-ration.

Key Points: 
  • DIRTT will return all Debentures not purchased under the Issuer Bid, including Debentures not purchased because of pro-ration.
  • Further details of the Issuer Bid, including instructions for tendering Debentures to the Issuer Bid, will be included in the formal offer to purchase, issuer bid circular, letter of transmittal and other related documents (collectively, the "Issuer Bid Documents").
  • This press release is neither an offer to purchase nor a solicitation of an offer to sell any Debentures.
  • Debentureholders are urged to carefully read these materials prior to making any decision with respect to the Issuer Bid.

DIRTT Announces Preliminary Fourth Quarter and Year-End 2023 Financial Results

Retrieved on: 
Tuesday, February 13, 2024

CALGARY, Alberta, Feb. 12, 2024 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (TSX: DRT; OTC: DRTTF), a leader in industrialized construction, announces certain preliminary unaudited financial results for the fourth quarter and year ended December 31, 2023.

Key Points: 
  • CALGARY, Alberta, Feb. 12, 2024 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (TSX: DRT; OTC: DRTTF), a leader in industrialized construction, announces certain preliminary unaudited financial results for the fourth quarter and year ended December 31, 2023.
  • DIRTT will release its 2023 year-end financial results on Wednesday, February 21, 2024, after markets close.
  • In particular and without limitation, this news release contains forward-looking information pertaining to the Company’s unaudited preliminary financial information for the fiscal fourth quarter and the year ended December 31, 2023.
  • There can be no assurance that the estimated preliminary results will be realized, and you are cautioned not to place undue reliance on the preliminary financial information.

DIRTT Announces Closing of Rights Offering

Retrieved on: 
Tuesday, January 9, 2024

CALGARY, Alberta, Jan. 09, 2024 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (“DIRTT” or the “Company”) (TSX: DRT; OTC: DRTTF), a leader in industrialized construction, announced today the successful completion of its previously announced rights offering to its common shareholders for aggregate gross proceeds of C$30,000,000 (the “Rights Offering”).

Key Points: 
  • CALGARY, Alberta, Jan. 09, 2024 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (“DIRTT” or the “Company”) (TSX: DRT; OTC: DRTTF), a leader in industrialized construction, announced today the successful completion of its previously announced rights offering to its common shareholders for aggregate gross proceeds of C$30,000,000 (the “Rights Offering”).
  • Under the Rights Offering, DIRTT issued 85,714,285 common shares of the Company (“Common Shares”) at a price of C$0.35 per whole Common Share for aggregate gross proceeds of C$30,000,000.
  • To the knowledge of the Company, after reasonable inquiry, no person that was not an insider of DIRTT before the Rights Offering became an insider as a result of the distribution of Common Shares under the Rights Offering.
  • As of the closing date of the Rights Offering, there were 191,091,952 Common Shares issued and outstanding.

DIRTT Announces Filing of Amended and Restated Rights Offering Circular

Retrieved on: 
Monday, December 11, 2023

CALGARY, Alberta, Dec. 11, 2023 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (“DIRTT” or the “Company”) (TSX: DRT; OTC: DRTTF), a leader in industrialized construction, announced today that it has filed an amended and restated rights offering notice and an amended and restated rights offering circular (collectively, the "Amended Documents") in connection with the previously announced rights offering to its common shareholders for aggregate gross proceeds of C$30,000,000 (the “Rights Offering”).

Key Points: 
  • CALGARY, Alberta, Dec. 11, 2023 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (“DIRTT” or the “Company”) (TSX: DRT; OTC: DRTTF), a leader in industrialized construction, announced today that it has filed an amended and restated rights offering notice and an amended and restated rights offering circular (collectively, the "Amended Documents") in connection with the previously announced rights offering to its common shareholders for aggregate gross proceeds of C$30,000,000 (the “Rights Offering”).
  • DIRTT has filed the Amended Documents to update the Standby Purchasers' current shareholdings and anticipated shareholdings after the completion of the Rights Offering, as a result of recent purchases by the Standby Purchasers of DIRTT common shares.
  • The terms of the Rights Offering, including the record date, subscription price, expiry date and terms of the backstop provided by the Standby Purchasers remain unchanged.
  • The registration statement relating to the Rights Offering has been filed with, and declared effective by, the SEC.

DIRTT Announces C$30,000,000 Rights Offering and Standby Commitment

Retrieved on: 
Tuesday, November 21, 2023

CALGARY, Alberta, Nov. 21, 2023 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (“DIRTT” or the “Company”) (TSX: DRT; OTC: DRTTF), a leader in industrialized construction, announced today that its board of directors has approved a rights offering to its common shareholders for aggregate gross proceeds of C$30,000,000 (the “Rights Offering”).

Key Points: 
  • CALGARY, Alberta, Nov. 21, 2023 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (“DIRTT” or the “Company”) (TSX: DRT; OTC: DRTTF), a leader in industrialized construction, announced today that its board of directors has approved a rights offering to its common shareholders for aggregate gross proceeds of C$30,000,000 (the “Rights Offering”).
  • No standby fee will be paid to the Standby Purchasers in connection with the Rights Offering; however, DIRTT will reimburse the Standby Purchasers for their reasonable expenses in connection with the Standby Agreement up to a maximum of C$30,000.
  • Subject to the Standby Agreement, the Company reserves the right to modify any terms of the contemplated Rights Offering, or to postpone or cancel the Rights Offering, at any time prior to the listing of the Rights on the TSX.
  • Any offering of the securities under the Registration Statement related to the Rights Offering will only be made by means of a prospectus.

DIRTT to Release Q3 2023 Financial Results November 9

Retrieved on: 
Wednesday, November 8, 2023

CALGARY, Alberta, Nov. 07, 2023 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (“DIRTT” or the “Company”) (TSX:DRT; OTC: DRTTF), a leader in industrialized construction, announced today that it will release its third quarter 2023 financial results on Thursday, November 9th, 2023, after markets close.

Key Points: 
  • CALGARY, Alberta, Nov. 07, 2023 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (“DIRTT” or the “Company”) (TSX:DRT; OTC: DRTTF), a leader in industrialized construction, announced today that it will release its third quarter 2023 financial results on Thursday, November 9th, 2023, after markets close.
  • In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live via webcast on Friday, November 10th, 2023, at 8:00 a.m. MST (10:00 a.m. EST).
  • The call and webcast will be hosted by Benjamin Urban, chief executive officer and Fareeha Khan, chief financial officer.
  • Click here to listen to the live webcast of the call.

DIRTT files a S-1 Registration Statement with the SEC

Retrieved on: 
Thursday, October 26, 2023

CALGARY, Alberta, Oct. 26, 2023 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (“DIRTT” or the “Company”) (TSX:DRT; OTC: DRTTF), a leader in industrialized construction, announced today that it has filed a Registration Statement on Form S-1 (the “Registration Statement”) with the U.S. Securities and Exchange Commission (the "SEC") for a potential rights offering at a future date, pursuant to which the Company may distribute at its sole discretion, at no charge, to holders of the Company's common shares transferable rights to purchase additional common shares of the Company.

Key Points: 
  • CALGARY, Alberta, Oct. 26, 2023 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (“DIRTT” or the “Company”) (TSX:DRT; OTC: DRTTF), a leader in industrialized construction, announced today that it has filed a Registration Statement on Form S-1 (the “Registration Statement”) with the U.S. Securities and Exchange Commission (the "SEC") for a potential rights offering at a future date, pursuant to which the Company may distribute at its sole discretion, at no charge, to holders of the Company's common shares transferable rights to purchase additional common shares of the Company.
  • The Company has not made any determination to proceed with a rights offering and no record date has been set in respect of any rights offering.
  • The Registration Statement relating to the proposed rights offering has been filed with the SEC but has not yet become effective.
  • The securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

REI Co-op introduces the Co-op Cycles DRT e3.1 electric mountain bike

Retrieved on: 
Tuesday, September 26, 2023

SEATTLE, Sept. 26, 2023 /PRNewswire/ -- REI Co-op announces the launch of the Co-op Cycles DRT e3.1. This is the co-op's first electric mountain bike (e-MTB) designed in-house, that combines the thrill of mountain biking with the convenience of pedal-assist power to help more people get outside on their bikes. Designed to roll easily over technical, uneven terrain, this e-MTB joins an already robust Co-op Cycles offering of road, mountain, hybrid, and e-bikes.

Key Points: 
  • Co-op unveils its first electric mountain bike under its Co-op Cycles brand, and continues its focus on expanding its cycling assortment, education and programming to meet all levels of cyclists
    SEATTLE, Sept. 26, 2023 /PRNewswire/ -- REI Co-op announces the launch of the Co-op Cycles DRT e3.1.
  • This is the co-op's first electric mountain bike (e-MTB) designed in-house, that combines the thrill of mountain biking with the convenience of pedal-assist power to help more people get outside on their bikes.
  • Designed to roll easily over technical, uneven terrain, this e-MTB joins an already robust Co-op Cycles offering of road, mountain, hybrid, and e-bikes.
  • The DRT e3.1 e-MTB specs include:
    Consumer interest in e-bikes maintains a steady growth rate in the U.S. and at REI.

Toronto Stock Exchange, Dirtt Environmental Solutions Ltd., The View From The C-Suite

Retrieved on: 
Monday, September 18, 2023

TORONTO, Sept. 18, 2023 /PRNewswire/ - Representatives from Dirtt Environmental Solutions Ltd. (TSX: DRT) ("DIRTT" or the "Company") share their Company's story in an interview with TMX Group.

Key Points: 
  • TORONTO, Sept. 18, 2023 /PRNewswire/ - Representatives from Dirtt Environmental Solutions Ltd. (TSX: DRT) ("DIRTT" or the "Company") share their Company's story in an interview with TMX Group.
  • The View From The C-Suite video interview series highlights the unique perspectives of listed companies on Toronto Stock Exchange and TSX Venture Exchange.
  • Videos provide insight into how company executives think in the current business environment.
  • To see the latest View From The C-Suite visit https://www.tmxmoney.com/en/csuite.html .