OSC

Algoma Steel to Announce Fiscal 2023 Second Quarter Results November 7, 2022

Retrieved on: 
Wednesday, October 26, 2022

MARIE, Ontario, Oct. 26, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (Algoma), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that Algoma will release its fiscal 2023 second quarter financial results after the market closes on Monday, November 7, 2022.

Key Points: 
  • MARIE, Ontario, Oct. 26, 2022 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (Algoma), a leading Canadian producer of hot and cold rolled steel sheet and plate products, announced today that Algoma will release its fiscal 2023 second quarter financial results after the market closes on Monday, November 7, 2022.
  • Upon dialing in, please request to join the Algoma Steel Fiscal Second Quarter Conference Call.
  • Marie, Ontario, Canada, Algoma is a fully integrated producer of hot and cold rolled steel products including sheet and plate.
  • Algoma is a key supplier of steel products to customers in Canada and Midwest USA and is the only producer of plate steel products in Canada.

Cronos Group Inc. Announces Final Settlement Agreements

Retrieved on: 
Monday, October 24, 2022

We are pleased to have resolved these matters, said Mike Gorenstein, Chairman, President and Chief Executive Officer of Cronos.

Key Points: 
  • We are pleased to have resolved these matters, said Mike Gorenstein, Chairman, President and Chief Executive Officer of Cronos.
  • The Company has agreed to settle with the SEC, without admitting or denying the allegations described in the SEC Settlement Order.
  • For more information regarding the SEC Settlement Order and the OSC Settlement Agreement, please see the Companys Form 8-K filed on EDGAR at www.sec.gov/edgar and on the Companys SEDAR profile at www.sedar.com.
  • Cronos is an innovative global cannabinoid company committed to building disruptive intellectual property by advancing cannabis research, technology and product development.

JetBlue Becomes Anchor Tenant at Orlando International Airport’s New Terminal

Retrieved on: 
Tuesday, October 25, 2022

Beginning today, JetBlue (NASDAQ: JBLU) officially became the anchor tenant at Orlando International Airports (MCO) brand new state-of-the-art Terminal C. It marks a full move of the airlines operation in Orlando, with all JetBlue flights arriving and departing at the new facility.

Key Points: 
  • Beginning today, JetBlue (NASDAQ: JBLU) officially became the anchor tenant at Orlando International Airports (MCO) brand new state-of-the-art Terminal C. It marks a full move of the airlines operation in Orlando, with all JetBlue flights arriving and departing at the new facility.
  • JetBlue ceased flight operations at its former home at Terminal A, with its final flight on Oct. 24.
  • We are excited to lead the way as the anchor tenant at Orlando Internationals new Terminal C, said Joanna Geraghty, president and chief operating officer, JetBlue.
  • JetBlue customers traveling to and from Orlando International are now able to enjoy the new Terminal Cs modern, bright design and technology.

Cronos Group Inc. to pay more than $1 million for accounting and control failures

Retrieved on: 
Tuesday, October 25, 2022

Cronos improperly recognized $7.6 million in revenue in its Q1, Q2 and Q3 2019 interim financial statements regarding three wholesale cannabis transactions.

Key Points: 
  • Cronos improperly recognized $7.6 million in revenue in its Q1, Q2 and Q3 2019 interim financial statements regarding three wholesale cannabis transactions.
  • In both instances, Cronos reported related material weaknesses in internal control over financial reporting (ICFR).
  • Cronos will also pay for an independent consultant, acceptable to the OSC, to review its internal controls and ICFR.
  • In 2019, while Hilson was Cronos' Chief Commercial Officer, he was involved in one of the wholesale transactions in which Cronos improperly recognized $3 million in revenue.

Former Bridging Finance CEO's Rights Violated by the Ontario Securities Commission

Retrieved on: 
Friday, October 21, 2022

TORONTO, Oct. 21, 2022 /CNW/ - David Sharpe, former CEO of Bridging Finance Inc., has launched an Abuse of Process challenge, seeking a stay of the Ontario Securities Commission (OSC) proceedings commenced against him.

Key Points: 
  • TORONTO, Oct. 21, 2022 /CNW/ - David Sharpe, former CEO of Bridging Finance Inc., has launched an Abuse of Process challenge, seeking a stay of the Ontario Securities Commission (OSC) proceedings commenced against him.
  • On March 30, 2022, the Capital Markets Tribunal admonished the OSC for its violation of Mr. Sharpe's privacy rights when the OSC unlawfully and publicly disclosed his compelled testimony.
  • The Tribunal found that this intentional breach of Mr. Sharpe's privacy interests constituted a serious contravention of the Ontario Securities Act (OSA).
  • Brian Greenspan, counsel to Mr. Sharpe stated that: "The results of this unlawful conduct have been devastating to Mr. Sharpe.

OSC survey explores Canadians crypto ownership and knowledge

Retrieved on: 
Wednesday, October 19, 2022

TORONTO, Oct. 19, 2022 /CNW/ - The Ontario Securities Commission (OSC) today released the results of an investor survey on crypto assets that found 13% of Canadians currently own crypto assets or crypto funds.

Key Points: 
  • TORONTO, Oct. 19, 2022 /CNW/ - The Ontario Securities Commission (OSC) today released the results of an investor survey on crypto assets that found 13% of Canadians currently own crypto assets or crypto funds.
  • The survey also found 38% of Canadians believe crypto assets currently play a key role in the financial system.
  • "The data from our crypto asset study provides the OSC with valuable insights about Canadians who are and who are not investing in crypto," said Tyler Fleming, Director of the Investor Office at the OSC.
  • The survey helps us better understand Canadians' knowledge of the risks and rules, and their motivation for investing in these assets."

OSC publishes Summary Report for Dealers, Advisers and Investment Fund Managers

Retrieved on: 
Friday, October 14, 2022

TORONTO, Oct. 14, 2022 /CNW/ - The Ontario Securities Commission (OSC) today published its summaryreport for dealers, advisers and investment fund managers, which provides information to help registrants comply with requirements under Ontario securities law.

Key Points: 
  • TORONTO, Oct. 14, 2022 /CNW/ - The Ontario Securities Commission (OSC) today published its summaryreport for dealers, advisers and investment fund managers, which provides information to help registrants comply with requirements under Ontario securities law.
  • The report discusses important matters impacting registration, outcomes from compliance reviews and areas of focus for the OSC's Compliance and Registrant Regulation Staff in the coming fiscal year.
  • The OSC's Registrant Outreach program continues to hold virtual sessions, allowing individuals and firms to hear first-hand from the OSC about compliance-related matters.
  • Investors are urged to check the registration of any persons or company offering an investment opportunity and to review the OSC investor materials available at http://www.osc.ca .

Gatos Silver Reports Record Quarterly Production for the Third Quarter of 2022, Increases Production Guidance and Lowers Cost Guidance for 2022

Retrieved on: 
Tuesday, October 11, 2022

The Los Gatos Joint Venture (LGJV) had a cash balance of $39 million as of September 30, 2022, virtually unchanged from $40 million as of June 30, 2022.

Key Points: 
  • The Los Gatos Joint Venture (LGJV) had a cash balance of $39 million as of September 30, 2022, virtually unchanged from $40 million as of June 30, 2022.
  • In July 2022, Gatos Silver received its share of the second quarterly dividend paid by the LGJV in the amount of $10 million as a result of continued strong operating performance of the CLG mine.
  • The Company had a cash balance of $15 million and debt outstanding of $13 million related to our credit facility as of September 30, 2022.
  • Gatos Silver is a silver dominant exploration, development and production company that discovered a new silver and zinc-rich mineral district in southern Chihuahua State, Mexico.

Oncology Specialists of Charlotte Partners with OneOncology

Retrieved on: 
Monday, October 10, 2022

NASHVILLE, Tenn., Oct. 10, 2022 /PRNewswire/ -- Oncology Specialists of Charlotte (OSC) and OneOncology, a national platform for independent oncology practices, announced today that the two organizations have finalized an agreement to partner to enhance the delivery of cancer care services to communities in and around Charlotte, North Carolina.

Key Points: 
  • NASHVILLE, Tenn., Oct. 10, 2022 /PRNewswire/ -- Oncology Specialists of Charlotte (OSC) and OneOncology, a national platform for independent oncology practices, announced today that the two organizations have finalized an agreement to partner to enhance the delivery of cancer care services to communities in and around Charlotte, North Carolina.
  • "Joining the OneOncology platform benefits our patients, physicians and the entire Charlotte community," said Justin Favaro, MD, President of OSC.
  • "We're excited about expanding the partnership of independent oncology practices by adding Oncology Specialists of Charlotte to our platform," said Jeff Patton, MD, CEO, OneOncology.
  • OneOncology supports our platform of community oncology practices through group purchasing, operational optimization, practice growth, and clinical innovation.

Grant Vingoe gives keynote address at the Economic Club of Canada

Retrieved on: 
Thursday, October 6, 2022

TORONTO, Oct. 6, 2022 /CNW/ - In his first keynote address as dedicated Chief Executive Officer of the Ontario Securities Commission (OSC), Grant Vingoe outlined why regulatory oversight of the crypto industry is critical for our capital markets.

Key Points: 
  • TORONTO, Oct. 6, 2022 /CNW/ - In his first keynote address as dedicated Chief Executive Officer of the Ontario Securities Commission (OSC), Grant Vingoe outlined why regulatory oversight of the crypto industry is critical for our capital markets.
  • A copy of Vingoe's remarks, Buyer Aware: Applying essential protections to the crypto world, is available on the OSC's website .
  • The mandate of the OSC is to provide protection to investors from unfair, improper or fraudulent practices, to foster fair, efficient and competitive capital markets and confidence in the capital markets, to foster capital formation, and to contribute to the stability of the financial system and the reduction of systemic risk.
  • Investors are urged to check the registration of any persons or company offering an investment opportunity and to review the OSC investor materials available at http://www.osc.ca .