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Category: GlobeNewswire

  • MIL-OSI: Nokia Corporation: Repurchase of own shares on 18.10.2024

    Source: GlobeNewswire (MIL-OSI)

    Nokia Corporation
    Stock Exchange Release
    18 October 2024 at 22:30 EET

    Nokia Corporation: Repurchase of own shares on 18.10.2024

    Espoo, Finland – On 18 October 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows:

    Trading venue (MIC Code) Number of shares Weighted average price / share, EUR*
    XHEL 1,514,347 4.08
    CEUX 600,000 4.10
    BATE – –
    AQEU – –
    TQEX – –
    Total 2,114,347 4.09

    * Rounded to two decimals

    On 25 January 2024, Nokia announced that its Board of Directors is initiating a share buyback program to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The first phase of the share buyback program started on 20 March 2024. On 19 July 2024, Nokia decided to accelerate the share buybacks by increasing the number of shares to be repurchased during the year 2024. The post-increase repurchases in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia’s Annual General Meeting on 3 April 2024 started on 22 July 2024 and end by 31 December 2024 with a maximum aggregate purchase price of EUR 600 million for all purchases during 2024.

    Total cost of transactions executed on 18 October 2024 was EUR 8,640,279. After the disclosed transactions, Nokia Corporation holds 176,647,786 treasury shares.

    Details of transactions are included as an appendix to this announcement.

    On behalf of Nokia Corporation

    BofA Securities Europe SA

    About Nokia
    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.

    Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    Inquiries:

    Nokia Communications
    Phone: +358 10 448 4900
    Email: press.services@nokia.com
    Maria Vaismaa, Global Head of External Communications

    Nokia Investor Relations
    Phone: +358 40 803 4080
    Email: investor.relations@nokia.com

    Attachment

    The MIL Network –

  • MIL-OSI: Oak Valley Bancorp Reports 3rd Quarter Results

    Source: GlobeNewswire (MIL-OSI)

    OAKDALE, Calif., Oct. 18, 2024 (GLOBE NEWSWIRE) — Oak Valley Bancorp (NASDAQ: OVLY) (the “Company”), the bank holding company for Oak Valley Community Bank and their Eastern Sierra Community Bank division, recently reported unaudited consolidated financial results. For the three months ended September 30, 2024, consolidated net income was $7,324,000, or $0.89 per diluted share (EPS), as compared to $5,889,000, or $0.71 EPS, for the prior quarter and $7,354,000, or $0.89 EPS, for the same period a year ago. Consolidated net income for the nine months ended September 30, 2024 was $18,940,000, or $2.30 EPS, compared to $24,983,000 or $3.04 EPS for the same period of 2023.

    The increase in third quarter net income compared to the prior quarter was primarily due to loan recoveries that resulted in a reversal of allowance for credit losses of $1,620,000. The QTD and YTD decreases compared to the same periods of 2023 were related to an increase in deposit interest expense and general operating expenses.

    Net interest income for the three months ended September 30, 2024 was $17,655,000, compared to $17,292,000 in the prior quarter, and $18,938,000 in the same period a year ago. The increase in net interest income over the prior quarter is attributed to earning asset growth and an increase of 3 basis points in the average earning asset yield. The decrease from the same period a year ago is due to an increase in deposit interest expense, as the average cost of funds increased to 0.83% bps for the third quarter of 2024, compared to 0.33% for the comparable period of 2023. The higher interest expense was partially offset by loan growth of $103.9 million over the same period. Net interest margin for the three months ended September 30, 2024 was 4.04%, compared to 4.11% for the prior quarter and 4.34% for the same period last year.

    “Our strong core deposits have helped manage funding costs and maintain a healthy net interest margin. Loan growth is crucial to minimizing future margin compression amid possible interest rate drops. Oak Valley was founded on service-focused relationship banking, which drives these efforts. Our success in growing relationships relies on standing out from our competitors by meeting and surpassing client expectations,” stated Rick McCarty, President and Chief Operating Officer.

    Non-interest income was $1,846,000 for the quarter ended September 30, 2024, compared to $1,760,000 for the prior quarter and $1,566,000 for the same period last year. The increases compared to prior periods was mainly due to unrealized gains on equity securities as a result of lower interest rates.

    Non-interest expense totaled $11,324,000 for the quarter ended September 30, 2024, compared to $11,616,000 in the prior quarter and $10,578,000 in the same quarter a year ago. The decrease compared to the prior period is mainly due to charitable contributions and data processing expense. The third quarter increase compared to the same period a year ago is mainly due to staffing expense and general operating costs related to servicing the growing loan and deposit portfolios.

    Total assets were $1.90 billion at September 30, 2024, an increase of $59.9 million and $65.1 million over June 30, 2024 and September 30, 2023, respectively. Gross loans were $1.08 billion at September 30, 2024, an increase of $5.1 million over June 30, 2024 and $103.9 million over September 30, 2023. The Company’s total deposits were $1.69 billion as of September 30, 2024, an increase of $45.6 million and $23.8 million from June 30, 2024 and September 30, 2023, respectively. Our liquidity position is very strong as evidenced by $213.9 million in cash and cash equivalents balances at September 30, 2024.

    Non-performing assets (“NPA”) remained at zero as of September 30, 2024, as they were for all of 2024 and 2023. The allowance for credit losses (“ACL”) as a percentage of gross loans increased to 1.07% at September 30, 2024, compared to 1.04% at June 30, 2024 and 1.00% at September 30, 2023. The increase over the prior quarter is due to macro-economic forecasts, loan growth and other credit-risk factors included in the ACL calculation which dictated an increase of $358,000 in the ACL. Loan recoveries totaled $2.0 million during the third quarter of 2024, which consisted of two loans that dated back to the recession. The net impact of the $2.0 million loan recoveries and the $358,000 increase in the ACL calculation resulted in a reversal of ACL provisions totaling $1.62 million. Given industry concerns of credit risk specific to commercial real estate, management has performed a thorough analysis of this segment as part of the CECL credit risk model’s ACL computation, concluding that the credit loss reserves relative to gross loans remains at acceptable levels, and credit quality remains stable.

    Oak Valley Bancorp operates Oak Valley Community Bank & their Eastern Sierra Community Bank division, through which it offers a variety of loan and deposit products to individuals and small businesses. They currently operate through 18 conveniently located branches: Oakdale, Turlock, Stockton, Patterson, Ripon, Escalon, Manteca, Tracy, Sacramento, Roseville, two branches in Sonora, three branches in Modesto, and three branches in their Eastern Sierra division, which includes Bridgeport, Mammoth Lakes, and Bishop.

    For more information, call 1-866-844-7500 or visit http://www.ovcb.com.

    This press release includes forward-looking statements about the corporation for which the corporation claims the protection of safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995.

    Forward-looking statements are based on management’s knowledge and belief as of today and include information concerning the corporation’s possible or assumed future financial condition, and its results of operations and business. Forward-looking statements are subject to risks and uncertainties. A number of important factors could cause actual results to differ materially from those in the forward-looking statements. Those factors include fluctuations in interest rates, government policies and regulations (including monetary and fiscal policies), legislation, economic conditions, including increased energy costs in California, credit quality of borrowers, operational factors and competition in the geographic and business areas in which the company conducts its operations. All forward-looking statements included in this press release are based on information available at the time of the release, and the Company assumes no obligation to update any forward-looking statement.

    Contact: Chris Courtney/Rick McCarty
    Phone: (209) 848-2265
      http://www.ovcb.com
    Oak Valley Bancorp
    Financial Highlights (unaudited)
                 
    ($ in thousands, except per share) 3rd Quarter 2nd Quarter 1st Quarter 4th Quarter 3rd Quarter
    Selected Quarterly Operating Data:   2024     2024     2024     2023     2023  
                 
      Net interest income $ 17,655   $ 17,292   $ 17,241   $ 17,914   $ 18,938  
      (Reversal of) provision for credit losses   (1,620 )   –     –     1,130     300  
      Non-interest income   1,846     1,760     1,519     1,755     1,566  
      Non-interest expense   11,324     11,616     11,529     10,760     10,578  
      Net income before income taxes   9,797     7,436     7,231     7,779     9,626  
      Provision for income taxes   2,473     1,547     1,504     1,914     2,272  
      Net income $ 7,324   $ 5,889   $ 5,727   $ 5,865   $ 7,354  
                 
      Earnings per common share – basic $ 0.89   $ 0.72   $ 0.70   $ 0.72   $ 0.90  
      Earnings per common share – diluted $ 0.89   $ 0.71   $ 0.69   $ 0.71   $ 0.89  
      Dividends paid per common share $ 0.225   $ –   $ 0.225   $ –   $ 0.160  
      Return on average common equity   16.54 %   14.19 %   13.86 %   16.44 %   19.85 %
      Return on average assets   1.56 %   1.30 %   1.26 %   1.27 %   1.57 %
      Net interest margin (1)   4.04 %   4.11 %   4.09 %   4.15 %   4.34 %
      Efficiency ratio (2)   56.96 %   59.12 %   59.61 %   53.08 %   49.89 %
                 
    Capital – Period End          
      Book value per common share $ 22.18   $ 20.55   $ 19.97   $ 20.03   $ 16.29  
                 
    Credit Quality – Period End          
      Nonperforming assets / total assets   0.00 %   0.00 %   0.00 %   0.00 %   0.00 %
      Credit loss reserve / gross loans   1.07 %   1.04 %   1.05 %   1.07 %   1.00 %
                 
    Period End Balance Sheet          
    ($ in thousands)          
      Total assets $ 1,900,455   $ 1,840,521   $ 1,805,739   $ 1,842,422   $ 1,835,402  
      Gross loans   1,075,138     1,070,036     1,039,509     1,016,579     971,243  
      Nonperforming assets   –     –     –     –     –  
      Allowance for credit losses   11,479     11,121     10,922     10,896     9,738  
      Deposits   1,690,301     1,644,748     1,612,400     1,650,534     1,666,548  
      Common equity   185,393     171,799     166,916     166,092     135,095  
                 
    Non-Financial Data          
      Full-time equivalent staff   222     223     219     222     225  
      Number of banking offices   18     18     18     18     18  
                 
    Common Shares outstanding          
      Period end   8,358,711     8,359,556     8,359,556     8,293,168     8,293,468  
      Period average – basic   8,221,475     8,219,699     8,209,617     8,200,177     8,197,083  
      Period average – diluted   8,263,790     8,248,295     8,244,648     8,236,897     8,232,338  
                 
    Market Ratios          
      Stock Price $ 26.57   $ 24.97   $ 24.78   $ 29.95   $ 25.08  
      Price/Earnings   7.52     8.69     8.86     10.55     7.05  
      Price/Book   1.20     1.22     1.24     1.50     1.54  
                 
    (1) Ratio computed on a fully tax equivalent basis using a marginal federal tax rate of 21%.
    (2) Ratio computed on a fully tax equivalent basis using a marginal federal tax rate of 21%.
      A marginal federal/state combined tax rate of 29.56%, was used for applicable revenue.
                 
                 
        NINE MONTHS ENDED SEPTEMBER 30,      
    Profitability   2024     2023        
    ($ in thousands, except per share)          
      Net interest income $ 52,188   $ 57,888        
      Provision for (reversal of) credit losses   (1,620 )   (160 )      
      Non-interest income   5,125     4,876        
      Non-interest expense   34,469     30,397        
      Net income before income taxes   24,464     32,527        
      Provision for income taxes   5,524     7,544        
      Net income $ 18,940   $ 24,983        
                 
      Earnings per share – basic $ 2.30   $ 3.05        
      Earnings per share – diluted $ 2.30   $ 3.04        
      Dividends paid per share $ 0.450   $ 0.320        
      Return on average equity   14.90 %   23.71 %      
      Return on average assets   1.38 %   1.76 %      
      Net interest margin (1)   4.08 %   4.39 %      
      Efficiency ratio (2)   58.55 %   47.48 %      
                 
    Capital – Period End          
      Book value per share $ 22.18   $ 16.29        
                 
    Credit Quality – Period End          
      Nonperforming assets/ total assets   0.00 %   0.00 %      
      Credit loss reserve/ gross loans   1.07 %   1.00 %      
                 
    Period End Balance Sheet          
    ($ in thousands)          
      Total assets $ 1,900,455   $ 1,835,402        
      Gross loans   1,075,138     971,243        
      Nonperforming assets   –     –        
      Allowance for credit losses   11,479     9,738        
      Deposits   1,690,301     1,666,548        
      Stockholders’ equity   185,393     135,095        
                 
    Non-Financial Data          
      Full-time equivalent staff   222     225        
      Number of banking offices   18     18        
                 
    Common Shares outstanding          
      Period end   8,358,711     8,293,468        
      Period average – basic   8,216,947     8,191,749        
      Period average – diluted   8,252,286     8,228,869        
                 
    Market Ratios          
      Stock Price $ 26.57   $ 25.08        
      Price/Earnings   8.65     6.15        
      Price/Book   1.20     1.54        
                 
      (1) Ratio computed on a fully tax equivalent basis using a marginal federal tax rate of 21%.
      (2) Ratio computed on a fully tax equivalent basis using a marginal federal tax rate of 21%.
            A marginal federal/state combined tax rate of 29.56%, was used for applicable revenue.

    The MIL Network –

  • MIL-OSI: PIMCO Canada Announces Special Meeting Details for the Proposed Mergers of Certain Closed-end Funds

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 18, 2024 (GLOBE NEWSWIRE) — PIMCO Canada Corp. (“PIMCO Canada”) announces further details about the previously announced proposed mergers (the “Mergers”) of PIMCO Tactical Income Fund (TSX: PTI), PIMCO Tactical Income Opportunities Fund (TSX: PTO) and PIMCO Multi-Sector Income Fund (TSX: PIX) (collectively, the “Existing Funds”) into a new closed-end fund to be managed by PIMCO Canada, PIMCO Monthly Enhanced Income Fund (“PMEI”).

    Pursuant to the terms of the Mergers, holders of units of the Existing Funds will become holders of the same class of units of PMEI. PIMCO Canada has determined that it is in the best interests of unitholders of the Existing Funds to merge into a single fund, which would permit PMEI to: (i) increase liquidity on the secondary market, and (ii) benefit from significant economies of scale, including greater investment flexibility. None of the costs and expenses associated with the Mergers will be borne by the Existing Funds or their respective unitholders. All such costs will be borne by the Manager.

    The Mergers will be voted on at special meetings (the “Meetings”) of unitholders of the Existing Funds to be held on December 4, 2024. If required, adjourned meetings will be held on December 5, 2024. The record date for the purpose of determining which unitholders are entitled to receive notice of, and to vote at, the Meetings is October 16, 2024. Subject to the receipt of all necessary regulatory, unitholder and other third party approvals, and obtaining a receipt for the final non-offering prospectus of PMEI, it is expected that the proposed Mergers will take effect on or about December 20, 2024, or such other date as the Manager may determine in its sole discretion.

    In advance of the Meetings, a notice-and-access document will be sent on or about October 31, 2024 to unitholders of record as at October 16, 2024. The notice-and-access document will describe how unitholders can obtain a copy of the management information circular (the “Circular”) that contains full details of the proposed Mergers. The notice-and-access document and the Circular are also available at http://www.sedarplus.ca and http://www.pimco.ca.

    The independent review committee of each Existing Fund has reviewed the proposed Mergers, including the proposed steps to be taken in implementing the proposed Mergers, and has concluded that the proposed Mergers represent the business judgment of the Manager, uninfluenced by considerations other than the best interests of the Existing Funds, and the proposed Mergers will achieve a fair and reasonable result for each of the Existing Funds.

    In addition, in anticipation of the proposed Merger, PIMCO Tactical Income Fund has terminated its “at-the-market” equity program effective today.

    For further information on PIMCO Canada and the PIMCO funds, please visit http://www.pimco.ca or call us at 1 866 341 3350 (416 368 3350 in Toronto).

    About PIMCO
    PIMCO is one of the world’s premier fixed income investment managers. With its launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing. In the 50+ years since, the firm continued to bring innovation and expertise to our partnership with clients seeking the best investment solutions. Today PIMCO has offices across the globe and 2,500+ professionals united by a single purpose: creating opportunities for investors in every environment. PIMCO is owned by Allianz SE, a leading global diversified financial services provider.

    Forward-Looking Statements

    Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions “expect”, “intend”, “will” and similar expressions to the extent they relate to the Funds. The forward-looking statements are not historical facts but reflect the Fund’s, PIMCO Canada and/or PIMCO’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including, but not limited to, market factors. Although the Fund, PIMCO Canada and/or PIMCO believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Fund, PIMCO Canada and/or PIMCO undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other factors which affect this information, except as required by law.

    You will usually pay brokerage fees to your dealer if you purchase or sell units of the investment funds on Toronto Stock Exchange. If the units are purchased or sold on the TSX, investors may pay more than the current net asset value when buying units of the investment fund and may receive less than the current net asset value when selling them. There are ongoing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in these documents. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

    A word about risk: All investments contain risk and may lose value. Investing in the bond market is subject to risks, including market, interest rate, issuer, credit, inflation risk, and liquidity risk. The value of most bonds and bond strategies are impacted by changes in interest rates. Bonds and bond strategies with longer durations tend to be more sensitive and volatile than those with shorter durations; bond prices generally fall as interest rates rise, and low interest rate environments increase this risk. Reductions in bond counterparty capacity may contribute to decreased market liquidity and increased price volatility. Bond investments may be worth more or less than the original cost when redeemed.

    PIMCO as a general matter provides services to qualified institutions, financial intermediaries and institutional investors. Individual investors should contact their own financial professional to determine the most appropriate investment options for their financial situation. This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. PIMCO is a trademark of Allianz Asset Management of America LLC in the United States and throughout the world. ©2024, PIMCO

    The products and services provided by PIMCO Canada Corp. may only be available in certain provinces or territories of Canada and only through dealers authorized for that purpose.

    PIMCO Canada has retained PIMCO LLC as sub-adviser. PIMCO Canada will remain responsible for any loss that arises out of the failure of its sub-adviser.

    PIMCO Canada Corp. 199 Bay Street, Suite 2050, Commerce Court Station, P.O. Box 363, Toronto, ON, M5L 1G2 is a company of PIMCO, 416-368-3350

    Contact:
    Agnes Crane
    PIMCO – Media Relations
    Ph. 212-597-1054
    Email: agnes.crane@pimco.com

    The MIL Network –

  • MIL-OSI: Wytec Announces Its Uplisting Preparation to the Nasdaq Capital Markets in Conjunction With Completing Its AI Gunshot Detection Technology

    Source: GlobeNewswire (MIL-OSI)

    SAN ANTONIO, Texas, Oct. 18, 2024 (GLOBE NEWSWIRE) — Wytec (OTCQB:WYTC) has announced today, plans to uplist to the Nasdaq Capital Markets to accelerate their Pilot Smart Sensor Project to be demonstrated in detecting active threats such as gunshots within America’s Independent School Districts (ISD’s) and cities. Wytec’s AI based sensor technology is patent protected and has produced a better than 90% gunshot detection accuracy on over 400,000 live samples and simulated environments.

    The uplisting to Nasdaq includes expanding Wytec’s partnership with the Lemko Corporation under a Master Services Agreement utilizing their collective intellectual property and products to commercialize and offer its Smart Sensor solutions globally. “The Lemko Corporation, with over 50 patents related to its Distributed Mobile Architecture (DMA), will dramatically enhance Wytec’s expansion objective to assist in solving America’s growing gun violence and drug epidemic injuring our children and students within U.S. cities and ISD properties,” states Wytec’s CTO, Robert Sanchez.

    Wytec plans to file its Nasdaq uplisting application in November providing additional exposure to the capital markets and access to its $100M shelf registration contract with Global Emerging Markes, a $3.5 Billion private alternative investment group, focused on emerging markets around the world.

    “We are honored and extremely excited to be partnering with Wytec to deliver such an important capability for our schools and communities,” explained Brian Ponte, Vice President – Sales and Marketing for Lemko. “Our combined efforts will deliver a solution that significantly improves safety and protects our children throughout the United States and abroad.”

    About Wytec

    Wytec is a 5G network development company with proprietary, patent and patent-pending AI/sensor technology designed to support gunshot detection, drug sensing technology for public safety and distance learning solutions for schools and cities.

    For further information about Wytec International, (OTCQB:WYTC), please visit http://www.wytecintl.com or follow us on social media via X (Twitter), or LinkedIn.

    About Lemko

    Lemko Corporation’s patented Distributed Mobile Architecture (DMA) provides the world’s leading fully edge capable mobile network platform. Our mission is to provide simple and resilient 4G/5G wireless networks for use in Industrial IoT applications, private 4G/5G networks, wireless rural broadband systems and military and public safety deployments. Lemko’s DMA systems are designed to be more reliable, survivable and portable than conventional 4G/5G systems. Lemko is based in Schaumburg, Illinois. To learn more about Lemko, visit http://www.lemkocorp.com or follow us at http://www.linkedin.com/company/lemko

    Contact:
    Erica Perez
    210-233-8980
    eperez@wytecintl.com

    Attachment

    The MIL Network –

  • MIL-OSI: News Release for Early Warning Report Regarding Dundee Corporation

    Source: GlobeNewswire (MIL-OSI)

    BLOOMFIELD HILLS, Mich., Oct. 18, 2024 (GLOBE NEWSWIRE) —  Jorey Chernett, of 6222 Indianwood Trail, Bloomfield Hills, MI, 48301, USA, announces that on September 1, 2024, he acquired control or direction over 12,493,791 Class A subordinate voting shares (“Shares”) in the authorized share structure of Dundee Corporation (the “Company”), a company with a head office at 80 Richmond Street West, Suite 2000, Toronto, Ontario, M5H 2A4. The Shares were previously controlled by Herr Investment Group LLC in its capacity as investment adviser to Pointillist Partners, LLC, an investment fund of which Mr. Chernett was co-portfolio manager and the largest owner. As a result of this change, Mr. Chernett owned, directly or indirectly, or exercised control or direction over, 12,493,791 Shares, which represented approximately 14.49% of the issued and outstanding Shares. Currently, Mr. Chernett owns, directly or indirectly, or exercises control or direction over, 12,853,791 Shares, which represents approximately 14.91% of the issued and outstanding Shares.

    The investment in the Shares was made for investment purposes. In accordance with applicable securities laws, Mr. Chernett may, from time to time and at any time, acquire additional shares and/or other equity, debt or other securities or instruments of the Company in the open market or otherwise, and reserves the right to dispose of any or all of his securities in the open market or otherwise at any time and from time to time, and to engage in similar transactions with respect to the securities, the whole depending on market conditions, the business and prospects of the Company and other relevant factors.

    A copy of the Early Warning Report filed under applicable securities laws is available under the Company’s profile on SEDAR+ (www.sedarplus.ca).

    For more information, please contact:

    Jorey Chernett
    6222 Indianwood Trail
    Bloomfield Hills, MI
    48301 U.S.A.

    Telephone: (248) 469-8811

    The MIL Network –

  • MIL-OSI: SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Mergers of GATO, AG and YOTA

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 18, 2024 (GLOBE NEWSWIRE) —

    Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating:

    • Gatos Silver, Inc. (NYSE: GATO), relating to its proposed merger with First Majestic Silver Corp. Under the terms of the agreement, GATO stock will automatically be converted into the right to receive 2.55 shares of First Majestic common stock.

    Click here for more information: https://monteverdelaw.com/case/gatos-silver-inc/. It is free and there is no cost or obligation to you.

    • First Majestic Silver Corp. (NYSE: AG), relating to its proposed merger with Gatos Silver, Inc. Under the terms of the agreement, Gatos Silver stock will automatically be converted into the right to receive 2.55 shares of First Majestic common stock.

    Click here for more information: https://monteverdelaw.com/case/first-majestic-silver-corp/. It is free and there is no cost or obligation to you.

    • Yotta Acquisition Corporation (NYSE: YOTA), relating to its proposed merger with DRIVEiT Financial Auto Group, Inc. Under the terms of the agreement, DRIVEiT securityholders are expected to own approximately 78.4% of the combined company.

    Click here for more information: https://monteverdelaw.com/case/yotta-acquisition-corporation/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE THE SAME. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No company, director or officer is above the law. If you own common stock in any of the above listed companies and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2024 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (http://www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network –

  • MIL-OSI: ThreeD Capital Inc. Disposes of Securities of Birchtree Investments Ltd.

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 18, 2024 (GLOBE NEWSWIRE) — ThreeD Capital Inc. (“ThreeD”) (CSE:IDK / OTCQX:IDKFF) a Canadian based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, announces that through a series of transactions on October 11, 2024 (the “Dispositions”), ThreeD disposed of ownership and control of an aggregate 10,750,000 common shares (the “Subject Shares”) of Birchtree Investments Ltd. (the “Company” or “Birchtree”). The Subject Shares represented approximately 12.9% of all issued and outstanding common shares of the Company. As a result of the Dispositions, the percentage ownership held by ThreeD decreased below 10% from the last early warning report filed in which ThreeD reported a 15.7% ownership of all issued and outstanding common shares of Birchtree.

    Immediately prior to the Dispositions, ThreeD owned and controlled an aggregate of 10,750,000 common shares of Birchtree, representing approximately 12.9% of all issued and outstanding common shares of the Company on a non-dilutive and partially dilutive basis.

    Immediately following the Dispositions, ThreeD did not own or control any securities of Birchtree.

    The Subject Shares were disposed of through the facilities of the Canadian Securities Exchange. The holdings of securities of the Company by ThreeD are managed for investment purposes. ThreeD could increase or decrease its investments in the Company at any time, or continue to maintain its current position, depending on market conditions or any other relevant factor.

    The Subject Shares were disposed of for total consideration of $215,000 or approximately $0.02 per Subject Share.

    About ThreeD Capital Inc.

    ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors.  ThreeD’s investment strategy is to invest in multiple private and public companies across a variety of sectors globally. ThreeD seeks to invest in early stage, promising companies where it may be the lead investor and can additionally provide investees with advisory services and access to the Company’s ecosystem.

    For further information:
    Matthew Davis, CPA
    Chief Financial Officer and Corporate Secretary
    davis@threedcap.com
    Phone: 416-941-8900
     

    The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.

    The MIL Network –

  • MIL-OSI: Lara Ramsey Named President of National Bankshares, Inc. and The National Bank of Blacksburg

    Source: GlobeNewswire (MIL-OSI)

    BLACKSBURG, Va., Oct. 18, 2024 (GLOBE NEWSWIRE) — National Bankshares, Inc. is pleased to announce the promotion of Lara E. Ramsey to President of the Company and its subsidiary bank, The National Bank of Blacksburg, effective January 1, 2025. Ms. Ramsey has been with the Company since 1996, most recently as Executive Vice President and Chief Operating Officer. During her career at National Bankshares she has led the Company’s Investment, Human Resources, Marketing, Training, Corporate Administration, and Strategic Initiative functions.

    The Company’s current President and Chief Executive Officer, F. Brad Denardo, will continue to serve as Chairman and Chief Executive Officer of the bank and holding company.

    A native of Lebanon, Virginia, Ms. Ramsey is a graduate of Radford University with a dual bachelor’s degree in Psychology and Economics and a master’s degree in Industrial and Organizational Psychology. She is also a graduate of the Virginia Bankers Association’s School of Bank Management, the American Bankers Association’s Stonier Graduate School of Banking, The New River Valley Leadership program, and is a certified Senior Professional in Human Resources.

    President and CEO F. Brad Denardo commented, “We are very proud of Lara, and we are excited to see her assume this key leadership role in our organization. Over the past 28 years, Lara’s contributions have been pivotal to the growth and success of our Company. She has a deep understanding of banking and of our Company’s unique role in the communities we serve. Her experience and leadership stand to greatly benefit our stakeholders and continue our core commitments to customer service and shareholder value.”

    Ms. Ramsey serves on the Radford University Alumni Association Board of Directors and the Radford University Athletic Foundation Board of Directors. She is a past Board Member of both the United Way of the New River Valley and the Montgomery County Chamber of Commerce. Ms. Ramsey resides in Radford with her husband, Sean. The couple have an adult son, Benjamin, who is currently pursuing a master’s degree at Virginia Tech.

    National Bankshares, Inc., headquartered in Blacksburg, Virginia, is the parent company of The National Bank of Blacksburg, which does business as National Bank, and of National Bankshares Financial Services, Inc. National Bank is a community bank operating from 27 full-service offices, primarily in southwest and central Virginia, and two loan production offices in Roanoke and Charlottesville, Virginia. National Bankshares Financial Services, Inc. is an investment and insurance subsidiary in the same trade area. The Company’s stock is traded on the Nasdaq Capital Market under the symbol “NKSH.” To learn more about National Bankshares, Inc. at http://www.nationalbankshares.com.

    For more information, contact:
    Eric Robinson
    Marketing & Communications Officer
    540-951-6276

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d1cde3e1-b3cb-4c57-9ce8-3fa2d02e7916

    The MIL Network –

  • MIL-OSI: Altus Group’s Innovation Recognized in the 2024 Power Proptech List

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 18, 2024 (GLOBE NEWSWIRE) — Altus Group Limited (“Altus”) (TSX: AIF), a leading provider of asset and fund intelligence for commercial real estate (“CRE”), is proud to announce that its CEO Jim Hannon and Executive Vice President, Rich Sarkis have been named to Commercial Observer’s annual Power Proptech list for the third consecutive year.

    The Power Proptech list recognizes the most influential leaders in the CRE proptech space who are driving change and innovation within the CRE industry. Altus remains at the forefront of transforming the CRE landscape, helping clients leverage advanced analytics to maximize performance and manage risk. Having built one of the most extensive and unified data platforms for CRE, Altus is tapping into its incredibly rich dataset to bring new performance insights to its customers. One of Altus’ recent innovations leveraging this platform includes its new ARGUS Intelligence product which enables users to dynamically drill into data to quickly analyze and compare performance metrics.

    “This recognition is a testament to our talented team, which brings together leading data scientists, technologists, and CRE market experts,” said Jim Hannon, CEO of Altus. “Our efforts and investments have positioned Altus to lead the CRE data revolution. As we close the year, we’re proud to have delivered new data analytics innovations and raised the bar for what clients can expect from Altus Group.”

    For more information about Commercial Observer’s Power Proptech list, click here.

    About Altus Group

    Altus Group is a leading provider of asset and fund intelligence for commercial real estate. We deliver intelligence as a service to our global client base through a connected platform of industry-leading technology, advanced analytics, and advisory services. Trusted by the largest CRE leaders, our capabilities help commercial real estate investors, developers, proprietors, lenders, and advisors manage risks and improve performance returns throughout the asset and fund lifecycle. Altus Group is a global company headquartered in Toronto with approximately 2,900 employees across North America, EMEA and Asia Pacific. For more information about Altus Group (TSX: AIF) please visit altusgroup.com.

    FOR FURTHER INFORMATION PLEASE CONTACT:

    Elizabeth Lambe
    Director, Global Communications, Altus Group
    (416) 641-9787
    Elizabeth.Lambe@altusgroup.com

    The MIL Network –

  • MIL-OSI: Council of Federal Home Loan Banks Hails FHFA Report Highlighting Impact Delivered by Federal Home Loan Banks

    Source: GlobeNewswire (MIL-OSI)

    WASHINGTON, Oct. 18, 2024 (GLOBE NEWSWIRE) — The Federal Home Loan Bank System (FHLBank System) today hailed a report published by the Federal Housing Finance Agency (FHFA), regulator of the FHLBank System, indicating that the FHLBanks contributed a total of more than $581 million in Affordable Housing Program and community development grants in 2023.

    FHFA’s 2023 Targeted Mission Activities Report highlights the FHLBanks affordable housing and community development activities last year, demonstrating that the FHLBanks delivered $446.9 million in AHP funds, including $35.2 million in voluntary AHP spending. Additionally, the report indicates the FHLBanks delivered $134.6 million in additional voluntary grant funding for a total of more than $581 million in funding for affordable housing and community development in 2023.

    In the press release announcing the report, FHFA Director Sandra Thompson is quoted as saying the FHLBanks “assisted close to 65,000 low- or moderate-income households and supported more than 400 targeted economic development projects in 2023.” She is further quoted saying “I am encouraged to see the Federal Home Loan Banks pursue creative and innovative approaches to addressing local housing needs through the voluntary programs they undertake in addition to meeting their obligations under the Affordable Housing Program.”

    Ryan Donovan, president and CEO of the Council of Federal Home Loan Banks, said the report stands as a strong indicator of how dedicated the 11 FHLBanks are to working with their members and within their districts to meet the needs of local communities.

    “Over the last two years the FHLBanks have taken tremendous steps to help address the housing supply and affordability issues plaguing the country,” said Donovan. “This report clearly shows the positive impact and responsiveness of the 11 FHLBanks to the needs of their members and the communities they serve. We are grateful to FHFA for publishing the report and we look forward to continuing to work with the agency, financial regulators, and other stakeholders to develop innovative and workable solutions to the nation’s housing finance needs.”

    In response to feedback the FHLBanks heard during FHFA’s comprehensive review of the System, the FHLBanks voluntarily agreed in early 2023 to contribute 15 percent of the prior year’s net earnings to affordable housing and community development, a 50 percent increase from the statutorily required 10 percent. Based on 2022 net earnings, the FHLBank System was assessed $355.2 million for AHP in 2023, as noted in FHFA’s report. The $581 million in AHP and voluntary contributions in 2023 represent a total of more than 16 percent, or more than 60% above the statutory minimum.

    About: The FHLBanks are 11 regionally based, wholesale suppliers of lendable funds to financial institutions of all sizes and many types, including community banks, credit unions, commercial and savings banks, insurance companies, and community development financial institutions. The FHLBanks are cooperatively owned by member financial institutions in all 50 states and U.S. territories. The steady supply of lendable funds from FHLBanks helps U.S. lenders invest in local needs including housing, jobs, and economic growth. The Council of FHLBanks represents all 11 FHLBanks.

    CONTACT INFORMATION
    Council of FHLBanks
    Peter E. Garuccio
    202-955-0002 ext. 14
    pgaruccio@cfhlb.org

    The MIL Network –

  • MIL-OSI: Boussard & Gavaudan Holding Ltd (EUR): Particulars of Cash Exit

    Source: GlobeNewswire (MIL-OSI)

       Boussard & Gavaudan Holding Limited (the “Company”)

    a closed-ended investment company incorporated with limited liability
    under the laws of Guernsey
    with registration number 45582

    Legal Entity Identifier: 5493002XNM3W9D6DF327
            
                            

    Particulars of Cash Exit

    In accordance with the circular to Shareholders dated 25 June 2024 (the “Circular“) and the Articles, the Company announces the particulars of the compulsory redemption of Shares to be effected pursuant to the Cash Exit on 1 November 2024.

    Unless otherwise defined, capitalised terms used in this announcement shall have the same meaning as set out in the Circular. Shareholders should refer to the Circular for full details of the Cash Exit, including the timetable for the redemption and distribution of redemption proceeds.

    The redemption price payable to each Shareholder pursuant to the Cash Exit will be an amount equal to the net asset value (NAV) per Share of the relevant class of Shares as at the close of business of the Calculation Date, being 31 October 2024. The redemption monies will be payable in the currency of each relevant class of Shares and will be paid to Shareholders within 14 Business Days of the Cash Redemption Date (being 1 November 2024), or as soon as practicable thereafter.

    On each Business Day, the Company announces on its website the estimated net asset value of its Euro Shares and Sterling Shares as at the close of business of the preceding Business Day. This information is available here: https://www.bgholdingltd.com/p/14/financial-announcements.

    In the event that the net asset values per Share calculated as at the close of business of 31 October 2024 were equal to their most recent estimates, the resulting redemption price per Share payable to holders of Euro Shares (ISIN: GG00B1FQG453) and holders of Sterling Shares (ISIN: GG00B39VMM07) under the Cash Exit would be €28.4353 and £25.5630, respectively.

    These figures are hypothetical, non-indicative of the actual redemption price and non-binding. They are provided for illustration purposes only and no reliance should be placed on them. The actual redemption price will be equal to the net asset value as at 31 October 2024, which may differ from the most recent estimated net asset values per Share provided above.

    For further information please contact:
    Boussard & Gavaudan Investment Management LLP
    Emmanuel Gavaudan
    +44 20 3751 5389

    JTC Fund Solutions (Guernsey) Limited
    Secretary
    +44 (0) 1481 702400

    18 October 2024

    Website: http://www.bgholdingltd.com

    The Company is established as a closed-ended investment company domiciled in Guernsey. The Company has been authorised by the Guernsey Financial Services Commission as an authorised closed-ended investment scheme. The Company is registered with the Dutch Authority for the Financial Markets as a collective investment scheme pursuant to article 2:73 in conjunction with 2:66 of the Dutch Financial Supervision Act (Wet op het financieel toezicht). The shares of the Company (the “Shares”) are listed on Euronext Amsterdam. The Shares are also listed on the Official List of the UK Listing Authority and admitted to trading on the London Stock Exchange plc’s main market for listed securities.

    This is not an offer to sell or a solicitation of any offer to buy any securities in the United States or in any other jurisdiction. This announcement is not intended to and does not constitute, or form part of, any offer or invitation to purchase any securities or the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of the securities referred to in this announcement in any jurisdiction in contravention of applicable law.

    Neither the Company nor BG Master Fund ICAV have been, and neither will be, registered under the US Investment Company Act of 1940, as amended (the “Investment Company Act”). In addition the securities referenced in this announcement have not been and will not be registered under the US Securities Act of 1933, as amended (the “Securities Act”). Consequently any such securities may not be offered, sold or otherwise transferred within the United States or to, or for the account or benefit of, US persons except in accordance with the Securities Act or an exemption therefrom and under circumstances which will not require the issuer of such securities to register under the Investment Company Act. No public offering of any securities will be made in the United States.
    You should always bear in mind that:

    • all investment is subject to risk;
    • results in the past are no guarantee of future results;
    • the investment performance of BGHL may go down as well as up. You may not get back all of your original investment; and
    • if you are in any doubt about the contents of this communication or if you consider making an investment decision, you are advised to seek expert financial advice.

    This communication is for information purposes only and the information contained in this communication should not be relied upon as a substitute for financial or other professional advice.

    Attachment

    The MIL Network –

  • MIL-OSI: Boussard & Gavaudan Holding Ltd (GBP): Particulars of Cash Exit

    Source: GlobeNewswire (MIL-OSI)

      Boussard & Gavaudan Holding Limited (the “Company”)

    a closed-ended investment company incorporated with limited liability
    under the laws of Guernsey
    with registration number 45582

    Legal Entity Identifier: 5493002XNM3W9D6DF327
            
                            

    Particulars of Cash Exit

    In accordance with the circular to Shareholders dated 25 June 2024 (the “Circular“) and the Articles, the Company announces the particulars of the compulsory redemption of Shares to be effected pursuant to the Cash Exit on 1 November 2024.

    Unless otherwise defined, capitalised terms used in this announcement shall have the same meaning as set out in the Circular. Shareholders should refer to the Circular for full details of the Cash Exit, including the timetable for the redemption and distribution of redemption proceeds.

    The redemption price payable to each Shareholder pursuant to the Cash Exit will be an amount equal to the net asset value (NAV) per Share of the relevant class of Shares as at the close of business of the Calculation Date, being 31 October 2024. The redemption monies will be payable in the currency of each relevant class of Shares and will be paid to Shareholders within 14 Business Days of the Cash Redemption Date (being 1 November 2024), or as soon as practicable thereafter.

    On each Business Day, the Company announces on its website the estimated net asset value of its Euro Shares and Sterling Shares as at the close of business of the preceding Business Day. This information is available here: https://www.bgholdingltd.com/p/14/financial-announcements.

    In the event that the net asset values per Share calculated as at the close of business of 31 October 2024 were equal to their most recent estimates, the resulting redemption price per Share payable to holders of Euro Shares (ISIN: GG00B1FQG453) and holders of Sterling Shares (ISIN: GG00B39VMM07) under the Cash Exit would be €28.4353 and £25.5630, respectively.

    These figures are hypothetical, non-indicative of the actual redemption price and non-binding. They are provided for illustration purposes only and no reliance should be placed on them. The actual redemption price will be equal to the net asset value as at 31 October 2024, which may differ from the most recent estimated net asset values per Share provided above.

    For further information please contact:
    Boussard & Gavaudan Investment Management LLP
    Emmanuel Gavaudan
    +44 20 3751 5389

    JTC Fund Solutions (Guernsey) Limited
    Secretary
    +44 (0) 1481 702400

    18 October 2024

    Website: http://www.bgholdingltd.com

    The Company is established as a closed-ended investment company domiciled in Guernsey. The Company has been authorised by the Guernsey Financial Services Commission as an authorised closed-ended investment scheme. The Company is registered with the Dutch Authority for the Financial Markets as a collective investment scheme pursuant to article 2:73 in conjunction with 2:66 of the Dutch Financial Supervision Act (Wet op het financieel toezicht). The shares of the Company (the “Shares”) are listed on Euronext Amsterdam. The Shares are also listed on the Official List of the UK Listing Authority and admitted to trading on the London Stock Exchange plc’s main market for listed securities.

    This is not an offer to sell or a solicitation of any offer to buy any securities in the United States or in any other jurisdiction. This announcement is not intended to and does not constitute, or form part of, any offer or invitation to purchase any securities or the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of the securities referred to in this announcement in any jurisdiction in contravention of applicable law.

    Neither the Company nor BG Master Fund ICAV have been, and neither will be, registered under the US Investment Company Act of 1940, as amended (the “Investment Company Act”). In addition the securities referenced in this announcement have not been and will not be registered under the US Securities Act of 1933, as amended (the “Securities Act”). Consequently any such securities may not be offered, sold or otherwise transferred within the United States or to, or for the account or benefit of, US persons except in accordance with the Securities Act or an exemption therefrom and under circumstances which will not require the issuer of such securities to register under the Investment Company Act. No public offering of any securities will be made in the United States.
    You should always bear in mind that:

    • all investment is subject to risk;
    • results in the past are no guarantee of future results;
    • the investment performance of BGHL may go down as well as up. You may not get back all of your original investment; and
    • if you are in any doubt about the contents of this communication or if you consider making an investment decision, you are advised to seek expert financial advice.

    This communication is for information purposes only and the information contained in this communication should not be relied upon as a substitute for financial or other professional advice.

    Attachment

    The MIL Network –

  • MIL-OSI: The OISTE Foundation, Gold Sponsor of the Vargas Llosa Chair at its IV Annual Conference “A Gathering for Culture in Freedom”

    Source: GlobeNewswire (MIL-OSI)

    The OISTE Foundation, Gold Sponsor of the Vargas Llosa Chair at its IV Annual Conference “A Gathering for Culture in Freedom”

    Geneva, Switzerland – October 18, 2024: WISeKey International Holding Ltd. (“WISeKey” or the “Company”) (SIX: WIHN, NASDAQ: WKEY), a global leader in cybersecurity, digital identity, and Internet of Things (IoT) innovations, today announced that, in collaboration with the OISTE Foundation, Gold Sponsor of the Vargas Llosa Chair at its IV Annual Conference “A Gathering for Culture in Freedom,” it reaffirms its commitment to defending human rights in the digital environment. Since its founding in 1998, the OISTE Foundation has focused its efforts on ensuring that human rights are respected both online and offline. As digital technologies advance, they also present challenges in terms of privacy, digital identity, and the misuse of surveillance tools, raising concerns about data protection and online violence.

    This commitment resonates with the values promoted by the Vargas Llosa Chair, which, since its establishment in 2011, has fostered the study of contemporary literature and supported freedom of expression. Both institutions share a common mission: to defend democratic principles and promote a culture of freedom and respect, both in the literary and digital realms.

    The OISTE Foundation is committed to finding feasible solutions for digital identity management as an essential component of a knowledge society. OISTE led a workshop titled “Matching the Speed of the Running Code: Public Awareness and Digital Identity Management,” aimed at raising public awareness among internet users about the risks of the current environment and the threats to individual privacy rights.

    Trust among users is at the core of OISTE’s trust model, which strives for legitimacy that can only be achieved through documented consensus. As part of its adherence to OISTE Foundation’s trust model, the foundation aims to promote the security of electronic communications worldwide, ensuring compliance with regulations related to information protection. The company is a leading advocate for protecting individual privacy rights online while enabling individuals to maximize their use of the Internet.

    About WISeKey
    WISeKey is a Swiss-based computer infrastructure company specializing in cybersecurity, digital identity, blockchain, Internet of Things (IoT) solutions, and post-quantum semiconductors. As a computer infrastructure company, WISeKey provides secure platforms for data and device management across industries like finance, healthcare, and government. It leverages its Public Key Infrastructure (PKI) to ensure encrypted communications and authentication, while also focusing on next-generation security through post-quantum cryptography.

    WISeKey’s work with post-quantum semiconductors is aimed at future-proofing its security solutions against the threats posed by quantum computing. These advanced semiconductors support encryption that can withstand the computational power of quantum computers, ensuring the long-term security of connected devices and critical infrastructure. Combined with its expertise in blockchain and IoT, WISeKey’s post-quantum technologies provide a robust foundation for secure digital ecosystems at the hardware, software, and network levels.

    Disclaimer
    This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

    This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

    Press and Investor Contacts

    WISeKey International Holding Ltd
    Company Contact: Carlos Moreira
    Chairman & CEO
    Tel: +41 22 594 3000
    info@wisekey.com     		 WISeKey Investor Relations (US) 
    The Equity Group Inc.
    Lena Cati
    Tel: +1 212 836-9611 / lcati@equityny.com
    Katie Murphy
    Tel: +1 212 836-9612 / kmurphy@equityny.com

    The MIL Network –

  • MIL-OSI: Sky Quarry to Ring the Nasdaq Closing Bell on Friday, October 25, 2024

    Source: GlobeNewswire (MIL-OSI)

    WOODS CROSS, Utah, Oct. 17, 2024 (GLOBE NEWSWIRE) — Sky Quarry Inc. (NASDAQ: SKYQ) (“Sky Quarry” or the “Company”), an integrated energy solutions company committed to revolutionizing the waste asphalt shingle recycling industry, today announced the Company will ring the closing bell at the Nasdaq MarketSite in Times Square, New York on Friday, October 25, 2024.

    “We are honored to ring the closing bell to celebrate our recent listing on the Nasdaq Exchange,” said David Sealock, Chief Executive Officer, Co-Founder, and Chairman of Sky Quarry. “This celebration marks a significant milestone for the Company, its team members, and our shareholders as we continue our waste-to-energy mission of repurposing and upcycling millions of tons of asphalt shingle waste, diverting them from landfills. By leveraging our innovative technology, we plan to not only address a significant environmental challenge, but to also create economic opportunities that benefit the planet as well as our stakeholders. We look forward to everyone joining our bell ringing ceremony either in-person or via livestream.”

    Mr. Sealock will be accompanied at the closing bell ceremony by Sky Quarry Co-Founder and VP Executive Marcus Laun and Chief Financial Officer Darryl Delwo.

    The live broadcast of the Nasdaq Closing Bell ceremony will begin at 3:45 p.m. Eastern Time on Friday, October 25, 2024. To view the broadcast, visit: https://www.nasdaq.com/marketsite/bell-ringing-ceremony.

    Management will also take part in a Behind the Bell interview from the Nasdaq MarketSite after the closing bell ceremony, which will be available here once published.

    Company management will also be in New York City from October 24 – 25, 2024 for investor meetings and in-person media interviews. Interested parties should contact MZ Group at 949-491-8235 or SKYQ@mzgroup.us to schedule a meeting or interview.

    For more information about Sky Quarry, please visit skyquarry.com.

    About Sky Quarry Inc.

    Sky Quarry Inc. (NASDAQ:SKYQ) and its subsidiaries are, collectively, an oil production, refining, and a development-stage environmental remediation company formed to deploy technologies to facilitate the recycling of waste asphalt shingles and remediation of oil-saturated sands and soils. Our waste-to-energy mission is to repurpose and upcycle millions of tons of asphalt shingle waste, diverting them from landfills. By doing so, we can contribute to improved waste management, promote resource efficiency, conserve natural resources, and reduce environmental impact. For more information, please visit skyquarry.com.

    Forward-Looking Statements

    This press release may include ”forward-looking statements.” All statements pertaining to our future financial and/or operating results, future events, or future developments may constitute forward-looking statements. The statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project,” or words of similar meaning. Such statements are based on the current expectations and certain assumptions of our management, of which many are beyond our control. These are subject to a number of risks, uncertainties, and factors, including but not limited to those described in our disclosures. Should one or more of these risks or uncertainties materialize or should underlying expectations not occur or assumptions prove incorrect, actual results, performance, or our achievements may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. We neither intend, nor assume any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated. You are urged to carefully review and consider any cautionary statements and the Company’s other disclosures, including the statements made under the heading “Risk Factors” and elsewhere in the offering statement filed with the SEC. Forward-looking statements speak only as of the date of the document in which they are contained.

    Investor Relations
    Chris Tyson
    Executive Vice President
    MZ Group – MZ North America
    949-491-8235
    SKYQ@mzgroup.us
    http://www.mzgroup.us

    Company Website

    https://investor.skyquarry.com/

    The MIL Network –

  • MIL-OSI: Purchase of Own Securities and Total Voting Rights

    Source: GlobeNewswire (MIL-OSI)

    Octopus Apollo VCT plc

    Purchase of Own Securities and Total Voting Rights

    Octopus Apollo VCT plc (the ‘Company’) announces that on 17 October 2024 the Company purchased for cancellation ‭6,676,869 ordinary shares of 0.1p each at a price of 47.6749p per share.

    Following this transaction, the issued share capital and total voting rights of the Company will be 875,919,396 ordinary shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.

    Rachel Peat
    Octopus Company Secretarial Services Limited
    Tel: +44 (0)80 0316 2067

    LEI: 213800Y3XEIQ18DP3O53

    The MIL Network –

  • MIL-OSI: Moody’s affirms A1 ratings with a Stable Outlook

    Source: GlobeNewswire (MIL-OSI)

    Moody’s affirms A1 ratings with a Stable Outlook

    Moody’s Ratings (Moody’s) has affirmed the A1 Insurance Financial Strength Rating (IFSR) of ageas SA/NV (“Ageas”), the holding company of the Ageas Group also operating as a reinsurance company. At the same time Moody’s has affirmed Ageas’s A1 long-term issuer rating, AG Insurance’s A1 IFSR and the Baa2 (hyb) rating on the junior subordinated notes (FRESH securities) issued by Ageasfinlux S.A. The outlooks on all entities remain stable.

    The ratings affirmation reflects the Group’s success in meeting its targets under the Impact24 strategic plan, and the launch of the new Elevate27 plan aimed at improving business diversification, margins, and capital generation. The ratings continue to reflect Ageas’s strong position in its European markets, particularly in Belgium with a very strong AG Insurance brand, and its revenue growth in Asia, a key market for the Group. It also reflects Ageas’s diversified earnings and strong capitalization. However, these strengths are partly offset by limited control over fast-growing entities in Asia (mostly non-consolidated subsidiaries) and distribution channels, as well as by a relatively high proportion of high-risk assets in the investment portfolio for the rating level.

    The stable outlooks on Ageas, AG Insurance, and Ageasfinlux S.A. indicate Moody’s expectation that, in the next 12-18 months, the Ageas Group will maintain a solid financial profile, including diversified earnings profile and strong capitalization, as well as a strong position in its main markets.

    Ageas is a listed international insurance Group with a heritage spanning of 200 years. It offers Retail and Business customers Life and Non-Life insurance products designed to suit their specific needs, today and tomorrow, and is also engaged in reinsurance activities. As one of Europe’s larger insurance companies, Ageas concentrates its activities in Europe and Asia, which together make up the major part of the global insurance market. It operates successful insurance businesses in Belgium, the UK, Portugal, Türkiye, China, Malaysia, India, Thailand, Vietnam, Laos, Cambodia, Singapore, and the Philippines through a combination of wholly owned subsidiaries and long-term partnerships with strong financial institutions and key distributors. Ageas ranks among the market leaders in the countries in which it operates. It represents a staff force of about 50,000 people and reported annual inflows of EUR 17.1 billion in 2023

    .

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    The MIL Network –

  • MIL-OSI: Westhaven Completes Brokered Private Placement for Gross Proceeds of C$6.0 Million, Including C$1.5 Million Strategic Investment from Rob McEwen

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

    VANCOUVER, British Columbia, Oct. 17, 2024 (GLOBE NEWSWIRE) — Westhaven Gold Corp. (TSX-V:WHN) (“Westhaven” or the “Company”) is pleased to announce the closing of its previously announced brokered private placement (the “Offering“) for aggregate gross proceeds of C$6,000,004.50, which includes the full exercise of the agent’s option for proceeds of C$1,000,002.50. Under the Offering, the Company sold the following:

    • 10,000,000 units of the Company (each, a “Unit”) at a price of C$0.15 per Unit for gross proceeds of C$1,500,000 from the sale of Units;
    • 5,714,300 common shares of the Company that qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (each, a “Traditional FT Share”) at a price of C$0.175 per Traditional FT Share for gross proceeds of C$1,000,002.50 from the sale of Traditional FT Shares; and
    • 15,909,100 flow-through units of the Company (each, a “Charity FT Unit”, and collectively with the Units and Traditional FT Shares, the “Offered Securities”) at a price of C$0.22 per Charity FT Unit for gross proceeds of C$3,500,002 from the sale of Charity FT Units.

    In connection with the Offering, Rob McEwen made a strategic investment of C$1.5 million. Following the completion of the Offering, Mr. McEwen owns approximately 5.3% of the issued and outstanding common shares of the Company. Mr. McEwen is the founder and former Chairman of Goldcorp, is currently the Executive Chairman and largest shareholder of McEwen Mining Inc. and is a member of the Mining Hall of Fame.

    Each Unit consists of one common share of the Company (each, a “Unit Share”) and one half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Charity FT Unit consists of one common share of the Company that quality as a “flow-through share” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (a “Charity FT Unit Share”) and one half of one Warrant, which will also qualify as a “flow-through share” for the purposes of the Income Tax Act (Canada). Each Warrant entitles the holder to purchase one common share of the Company (each, a “Warrant Share”) at a price of C$0.22 per Warrant Share at any time on or before October 17, 2026.  

    Red Cloud Securities Inc. (the “Agent”) acted as sole agent and bookrunner in connection with the Offering. In consideration for their services, the Agent received a cash commission of C$346,867.77 and 1,815,564 broker warrants (the “Broker Warrants”), with each such Broker Warrant exercisable for one common share of the Company (a “Broker Share”) at a price of C$0.15 per Broker Share at any time on or before October 17, 2026.

    Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”), the Units and Charity FT Units (the “LIFE Securities”), representing gross proceeds of C$5,000,002.00, were sold to purchasers in the provinces of Alberta, British Columbia, Manitoba, Ontario, and Saskatchewan (the “Canadian Selling Jurisdictions”), the United States and certain offshore jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the “Listed Issuer Financing Exemption”). The Unit Shares, Charity FT Unit Shares and Warrants that were issued, and the Warrant Shares that may be issued upon due exercise of the Warrants, pursuant to the sale of the LIFE Securities will be immediately freely tradeable under applicable Canadian securities legislation if sold to purchasers resident in Canada. The Traditional FT Shares sold pursuant to the Offering were offered by way of the “accredited investor” exemption under NI 45-106 in the Canadian Selling Jurisdictions and Quebec. The Traditional FT Shares are subject to a hold period under Canadian securities laws ending on February 18, 2025.

    The Company intends to use the net proceeds from the sale of Units for working capital and general corporate purposes. The gross proceeds from the sale and issuance of the Traditional FT Shares and the Charity FT Units will be used to incur “Canadian exploration expenses” on the Company’s mineral projects in British Columbia and will qualify as “flow-through mining expenditures”, as both terms are defined in the Income Tax Act (Canada) (collectively, “Qualifying Expenditures”), which will be incurred on or before December 31, 2025 and renounced to the subscribers of the Offering with an effective date no later than December 31, 2024 in an aggregate amount not less than the gross proceeds raised from the sale of the Traditional FT Shares and Charity FT Units. In addition, with respect to British Columbia resident subscribers or those who are eligible individuals under the Income Tax Act (British Columbia), the Qualifying Expenditures will be eligible for the 20% BC mining flow-through share tax credit.

    The securities offered have not been, nor will they be, registered under the U.S. Securities Act of 1933, as amended, or any state securities law, and may not be offered, sold or delivered, directly or indirectly, within the United States, or to or for the account or benefit of U.S. persons, absent registration or an exemption from such registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful.

    On behalf of the Board of Directors

    WESTHAVEN GOLD CORP.

    “Gareth Thomas”

    Gareth Thomas, President, CEO & Director

    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.

    About Westhaven Gold Corp.

    Westhaven is a gold-focused exploration company advancing the high-grade discovery on the Shovelnose project in Canada’s newest gold district, the Spences Bridge Gold Belt. Westhaven controls ~60,950 hectares (609.5 square kilometres) with four gold properties spread along this underexplored belt. The Shovelnose property is situated off a major highway, near power, rail, large producing mines, and within commuting distance from the city of Merritt, which translates into low-cost exploration. Westhaven trades on the TSX Venture Exchange under the ticker symbol WHN. For further information, please call 604-681-5558 or visit Westhaven’s website at http://www.westhavengold.com

    Forward Looking Statements:

    This press release contains “forward-looking information” within the meaning of applicable Canadian and United States securities laws, which is based upon the Company’s current internal expectations, estimates, projections, assumptions and beliefs. The forward-looking information included in this press release are made only as of the date of this press release. Such forward-looking statements and forward-looking information include, but are not limited to, statements concerning the Company’s expectations with respect to the Offering, including the use of proceeds of the Offering. Forward-looking statements or forward-looking information relate to future events and future performance and include statements regarding the expectations and beliefs of management based on information currently available to the Company. Such forward-looking statements and forward-looking information often, but not always, can be identified by the use of words such as “plans”, “expects”, “potential”, “is expected”, “anticipated”, “is targeted”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.

    Forward-looking information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, and without limitation: the Company will not be able to raise sufficient funds to complete its planned exploration program; that the Company will not derive the expected benefits from its current program; the Company may not use the proceeds of the Offering as currently contemplated; the Company may fail to find a commercially viable deposit at any of its mineral properties; the Company’s plans may be adversely affected by the Company’s reliance on historical data compiled by previous parties involved with its mineral properties; mineral exploration and development are inherently risky industries; the mineral exploration industry is intensely competitive; additional financing may not be available to the Company when required or, if available, the terms of such financing may not be favourable to the Company; fluctuations in the demand for gold or gold prices generally; the Company may not be able to identify, negotiate or finance any future acquisitions successfully, or to integrate such acquisitions with its current business; the Company’s exploration activities are dependent upon the grant of appropriate licenses, concessions, leases, permits and regulatory consents, which may be withdrawn or not granted; the Company’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; there is no guarantee that title to the properties in which the Company has a material interest will not be challenged or impugned; the Company faces various risks associated with mining exploration that are not insurable or may be the subject of insurance which is not commercially feasible for the Company; the volatility of global capital markets over the past several years has generally made the raising of capital more difficult; inflationary cost pressures may escalate the Company’s operating costs; compliance with environmental regulations can be costly; social and environmental activism can negatively impact exploration, development and mining activities; the success of the Company is largely dependent on the performance of its directors and officers; the Company’s operations may be adversely affected by First Nations land claims; the Company and/or its directors and officers may be subject to a variety of legal proceedings, the results of which may have a material adverse effect on the Company’s business; the Company may be adversely affected if potential conflicts of interests involving its directors and officers are not resolved in favour of the Company; the Company’s future profitability may depend upon the world market prices of gold; dilution from future equity financing could negatively impact holders of the Company’s securities; failure to adequately meet infrastructure requirements could have a material adverse effect on the Company’s business; the Company’s projects now or in the future may be adversely affected by risks outside the control of the Company; the Company is subject to various risks associated with climate change, the Company is subject to general global risks arising from epidemic diseases, the ongoing conflicts in Ukraine and the Middle East, rising inflation and interest rates and the impact they will have on the Company’s operations, supply chains, ability to access mining projects or procure equipment, supplies, contractors and other personnel on a timely basis or at all is uncertain; as well as other risk factors in the Company’s other public filings available at http://www.sedarplus.ca. Readers are cautioned that this list of risk factors should not be construed as exhaustive. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. The Company cannot guarantee future results, performance, or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information. The Company undertakes no duty to update any of the forward-looking information to conform such information to actual results or to changes in the Company’s expectations, except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

    The MIL Network –

  • MIL-OSI: Sift Now Integrates with Ping Identity’s PingOne DaVinci to Prevent Account Takeover and Streamline Logins

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, Oct. 17, 2024 (GLOBE NEWSWIRE) — Sift, the AI-powered fraud platform securing digital trust for leading global businesses, today announced a new integration with Ping Identity. The integration uses PingOne DaVinci™, a no-code identity orchestration service, and allows Ping Identity customers to leverage Sift’s AI-powered platform to prevent account takeover (ATO) attacks and streamline the consumer experience.

    Businesses have faced an onslaught of account takeover fraud in recent years, with blocked attack rates increasing 24% across the Sift Network in Q2 2024 compared to the same period in 2023. This jump is on top of the 354% increase seen in the previous year, aligning with the availability of generative AI tools. Account takeover has become a favored tactic by fraud actors in part because it allows cybercriminals to both immediately drain stored value from consumers’ online accounts and then use their stored payment details to commit payment fraud.

    Sift’s integration with Ping Identity allows businesses to protect against ATO attacks by leveraging Sift’s Global Data Network, which processes over 1 trillion risk and identity signals per year. Sift provides customers with a trio of machine learning models that identify fraudulent behavior before attacks hit, so businesses can thwart attacks in real-time, while accurately and dynamically applying friction only when necessary.

    “As account takeover attacks grow in scale and complexity, it is crucial to align fraud and Consumer Identity Access & Management (CIAM) workflows to fully protect the entire user journey,” said Raviv Levi, Chief Product Officer at Sift. “Through our integration with DaVinci, businesses can create a more secure and seamless consumer experience and effectively mitigate the risk of fraud at every touchpoint.”

    Sift joins a growing network of technology partners developing integrations with DaVinci through the Ping Identity Global Technology Partner Program. Partner solutions that integrate with DaVinci deliver an improved customer experience in a fraction of the time, through easy drag-and-drop design of digital user journeys across multiple applications and ecosystems.

    “Ping Identity is committed to expanding our technology partner ecosystem to deliver better, more frictionless customer experiences,” said Loren Russon, the SVP of product management at Ping Identity. “Our collaboration with Sift leverages DaVinci’s seamless orchestration to ensure dynamic user journeys are delivered quickly and efficiently at every stage of the user journey.”

    For more information on Sift’s work with Ping Identity, go here.

    About Sift
    Sift is the AI-powered fraud platform securing digital trust for leading global businesses. Our deep investments in machine learning and user identity, a data network scoring 1 trillion events per year, and a commitment to long-term customer success empower more than 700 customers to grow fearlessly. Brands including DoorDash, Yelp, and Poshmark rely on Sift to unlock growth and deliver seamless consumer experiences. Visit us at sift.com and follow us on LinkedIn.

    About Ping Identity
    Ping delivers unforgettable user experiences and uncompromising security. We make crafting digital experiences simple for any type of user—partners, customers, employees, and beyond. We are anti-lock-in. That means integration with existing ecosystems, clouds, and on-prem technologies is simple. Out-of-the-box templates let businesses leverage our identity expertise to give their users frictionless experiences. Whether they’re building a foundation of modern digital identity, or out-innovating their competitors with cutting-edge services like digital credentials, AI-driven fraud prevention and governance, Ping is the one-stop shop for game-changing digital identity.

    Media Contact
    Victor White
    VP, Corporate Communications, Sift
    press@sift.com

    Ping Identity Media Relations
    Megan Johnson
    press@pingidentity.com
    757.635.2807

    The MIL Network –

  • MIL-OSI: Tai Software Unveils Efficiency-Boosting Workflow Automation for Freight Brokers

    Source: GlobeNewswire (MIL-OSI)

    HUNTINGTON BEACH, Calif., Oct. 17, 2024 (GLOBE NEWSWIRE) — Tai Software, a leader in transportation management systems (TMS) for freight brokers, announced a significant update to their platform designed to empower brokers to automate repetitive tasks, optimize processes, and focus on scaling their business—all without requiring additional licenses, support, or complex integrations.

    Freight brokers often face operational challenges that demand time and precision, such as assigning shipments, managing status updates, sending emails, and adding or resolving shipment alerts. Tai’s Workflow Automation tool streamlines these processes, empowering users to create customized workflows using a variety of triggers, criteria, and actions—all seamlessly integrated within the Tai TMS platform.

    “Workflow Automation was built to remove bottlenecks and improve team productivity,” said Daniel Ely, CPO at Tai Software. “We wanted to offer a seamless, intuitive solution that puts brokers in control, allowing them to automate easily while reducing operational complexity.”

    Key Features of Workflow Automation:

    • Triggers and Filters: Automate tasks based on triggers such as shipment creation, carrier updates, or status changes. Advanced filters allow precise control over when workflows are activated, such as based on delivery dates, shipment types, or custom reference numbers.
    • Actionable Steps: Assign tasks, send automated emails, manage alerts, and update shipment statuses in real-time. For example, users can automate appointment scheduling by setting triggers to notify team members or shippers when loads are ready.
    • Carrier Management: Add or remove carriers seamlessly based on workflow criteria, ensuring no shipment leg is overlooked.
    • Scalable Scheduling: Automate processes at specific times or intervals with options for weekly and monthly activations.
    • Transparency and Accountability: Every action within a workflow is logged, providing full visibility into operations and ensuring compliance with service commitments.

    Since its launch, Tai’s Workflow Automation has helped brokers eliminate human error, increase productivity, and ensure no critical steps are missed in the freight management process. The tool simplifies complex workflows, allowing users to focus on higher-value activities, such as customer engagement and securing new business.

    About Tai

    Tai Software is a fully integrated freight management platform that drives efficiency and growth for brokers. Tai TMS automates operations for both Full Truckload (FTL) and Less-than-Truckload (LTL) shipments, integrating seamlessly with major carriers and technology partners. With over 500 tool integrations and more than 20 years of industry innovation, freight brokers trust Tai TMS to simplify their processes and focus on strategic business growth. To learn more about Tai Software, visit http://www.taisoftware.com.

    Please contact Vanessa Galvis, Marketing Director, at vanessa.galvis@tai-software.com.

    The MIL Network –

  • MIL-OSI: RUBIS: Rubis completes the sale of its 55% stake in Rubis Terminal (now branded Tepsa)

    Source: GlobeNewswire (MIL-OSI)

    Paris, 17 October 2024, 06:30pm

    Following the final agreement signed on 10 April 2024, Rubis has completed on 16 October 2024 the sale of its 55% stake in the Rubis Terminal JV (now branded Tepsa) to I Squared Capital.

    As announced previously, Rubis has received a first payment of €124 million1 at closing, c. €77 million of which will be returned to shareholders through an exceptional interim dividend for 2024 of €0.75 per share. The interim dividend will be detached on 6 November 2024 and paid on 8 November 2024. This dividend is in addition to the usual annual dividend as per the Group’s dividend policy.

    The remainder of the proceeds will be dedicated to the acceleration of the development of both Energy Distribution and Renewable Electricity Production businesses.

    Upcoming events

    Q3 & 9M 2024 trading update: 5 November 2024 (after market close)

    FY 2024 results: 13 March 2025 (after market close)

    Press Contact Analyst Contact
    RUBIS – Communication Department RUBIS – Clémence Mignot-Dupeyrot, Head of IR
    Tel: +33 (0)1 44 17 95 95

    presse@rubis.fr

    		 Tel: +33 (0)1 45 01 87 44

    investors@rubis.fr

    1 Not including €3.6 million dividend received between final agreement signing and closing.

    Attachment

    The MIL Network –

  • MIL-OSI: CarGurus Celebrates Opening of New Global Headquarters in Boston

    Source: GlobeNewswire (MIL-OSI)

    As the anchor tenant at 1001 Boylston St., CarGurus debuts state-of-the-art space designed to maximize connectivity, collaboration, and innovation

    BOSTON, Oct. 17, 2024 (GLOBE NEWSWIRE) — CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today marked the opening of its new global headquarters in Boston’s Back Bay neighborhood. Located at 1001 Boylston Street, the new office underscores CarGurus’ commitment to the Boston region with a world-class space designed for the needs of today’s flexible workplace, balancing versatile collaboration areas with a variety of workspaces that support individual work preferences.

    “After nearly 20 years in Cambridge, CarGurus’ move to this inspiring new space represents a meaningful chapter in our growth story in the region,” said Jason Trevisan, CarGurus Chief Executive Officer. “Our best-in-class work environment enhances opportunities for deeper collaboration and connectivity, all in service of our mission to help people reach their destination. This mission comes to life through our focus on delivering an exceptional experience to our employees, driving innovations that benefit our dealer and consumer customers, and supporting the communities in which we live and work.”

    The new global headquarters features approximately 225,000 sq. ft. of workspace anchoring the dynamic mixed-use project known as Lyrik. It unites nearly 1,000 employees who previously occupied two separate offices in Cambridge. The move reinforces CarGurus’ commitment to continued growth in the region, where the company is recognized for its award-winning workplace culture and focus on community impact through volunteer efforts and purpose-driven charitable giving.

    “Massachusetts is the best state in the country to live, work, grow a business, and build a future — and that’s in large part because of the incredible, innovative companies that call our state home, like CarGurus,” said Massachusetts Governor Maura Healey. “We’re thrilled to celebrate the grand opening of their global headquarters in Boston today, and we’re grateful for their commitment to their employees, their customers, our communities, and our economy.”

    “It is very exciting to see the CarGurus logo in the Boston skyline atop its new headquarters,” said Massachusetts Secretary of Economic Development Yvonne Hao. “I look forward to seeing the company continuing to invest in the region’s growth and innovation while entering a new chapter as it expands here as part of Team Massachusetts.”

    An Office Designed with Flexibility, Collaboration, and Sustainability at the Forefront
    Designed by IA Interior Architects, the CarGurus headquarters was created with a hybrid work culture in mind, offering spaces that support all types of meeting scenarios and individual work modes. The result is a dynamic collaboration hub comprised of 10 floors offering 900 choice work points, 30 collaborative spaces, and central social spaces, all with flexibility baked into the design to support changing needs.

    Amenities are distributed throughout the office floors to encourage interaction and include a multi-story reception area, tech bar, barista bar, multiple training spaces, all-hands meeting areas, video production suite, and dining area. The workspace also offers two libraries for quiet focus work, several balconies/terraces, and exclusive access to a penthouse gathering space with two large roof decks equipped with seating for individual or group work.

    Designed for LEED Gold certification, design features prioritize sustainability and a connection to nature. Views of the Boston skyline and natural light are maximized for all occupants, along with the addition of wood textures, natural materials, and greenery throughout the space.

    To learn more about working at CarGurus and view open roles, please visit careers.cargurus.com.

    About CarGurus, Inc.

    CarGurus (Nasdaq: CARG) is a multinational, online automotive platform for buying and selling vehicles that is building upon its industry-leading listings marketplace with both digital retail solutions and the CarOffer online wholesale platform. The CarGurus platform gives consumers the confidence to purchase and/or sell a vehicle either online or in-person, and it gives dealerships the power to accurately price, effectively market, instantly acquire and quickly sell vehicles, all with a nationwide reach. The company uses proprietary technology, search algorithms and data analytics to bring trust, transparency, and competitive pricing to the automotive shopping experience. CarGurus is the most visited automotive shopping site in the U.S.1

    CarGurus also operates online marketplaces under the CarGurus brand in Canada and the United Kingdom. In the United States and the United Kingdom, CarGurus also operates the Autolist and PistonHeads online marketplaces, respectively, as independent brands.

    To learn more about CarGurus, visit http://www.cargurus.com, and for more information about CarOffer, visit http://www.caroffer.com.

    CarGurus® is a registered trademark of CarGurus, Inc., and CarOffer® is a registered trademark of CarOffer, LLC. All other product names, trademarks and registered trademarks are the property of their respective owners.

    1Similarweb: Traffic Insights (Cars.com, Autotrader.com, TrueCar.com), Q2 2024, U.S.

    Media Contact:
    Maggie Meluzio
    Director, Public Relations & External Communications
    pr@cargurus.com

    Investor Contact:
    Kirndeep Singh
    Vice President, Investor Relations
    investors@cargurus.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/363142e6-aaad-4b82-8f39-690eefa7faa4

    The MIL Network –

  • MIL-OSI: The Riverside Company Cell-ebrates with Sale of Red Nucleus

    Source: GlobeNewswire (MIL-OSI)

    CLEVELAND, Oct. 17, 2024 (GLOBE NEWSWIRE) — The Riverside Company (Riverside), a global investment firm focused on the smaller end of the middle market, has sold its investment in Red Nucleus, a leading global strategic partner to the life sciences industry, to Thomas H. Lee Partners, a Boston-based private investment firm.

    Riverside Capital Appreciation strategy (RCAF) originally invested in Red Nucleus, headquartered in Yardley, Pennsylvania, in December 2019. Red Nucleus is an industry-leading integrated provider of learning and development, medical communications, market access and R&D and clinical solutions to the life sciences industry globally. The company’s comprehensive commercial, medical and clinical service and software solutions span all stages of the product cycle to help provide lasting value for key stakeholders, including pharmaceutical organizations, HCPs and patients.

    The breadth and depth of the company’s services and products have enabled Red Nucleus to become a valuable one-stop shop and trusted partner to its customers across the entirety of the drug development lifecycle. The company serves more than 200 organizations, including innovative biotech start-ups and the majority of the top 25 global pharmaceutical companies by market capitalization, helping advance life sciences solutions and improve patient health outcomes globally.

    “It was such a pleasure working with the talented Red Nucleus team through this period of transformational growth,” said RCAF’s Co-Chief Investment Officer Peter Tsang. “We delivered a successful organic growth strategy. In addition, we integrated eleven add-on acquisitions which meaningfully enhanced Red Nucleus’ value proposition to its customers with a more diversified set of service offerings and broader geographic reach with 11 offices across four continents.”

    Red Nucleus is another example of Riverside’s expertise in investing in and growing businesses in the Business Services and Education & Training sectors. Since its inception in 1988, Riverside has invested in more than 380 companies in the Business Services sector and more than 120 in the Education & Training sector.

    “Riverside was a great partner that worked alongside us to significantly expand the platform while investing in our team and infrastructure to position us for long-term growth. Together, we developed a bold vision and strategy to build an outstanding pharma services organization that I am extremely proud of,” said Red Nucleus CEO Ian Kelly.

    Working with Tsang on the deal for Riverside were Vice President Mark Fishman, Senior Associate Ben Wilson, Associate Ryan Stead and Senior Operating Partner J.P. Fingado. Senior Partner Anne Hayes led the capital market initiatives throughout the investment period. Peter Tsang also sourced the original deal for Riverside.

    Houlihan Lokey, Piper Sandler and Jones Day advised Riverside on the sale of Red Nucleus.

    About Red Nucleus
    Red Nucleus is a global strategic partner with decades of experience across the entire life sciences product life cycle. The company excels in providing clients with unique insights and efficiencies to support their journey to improve health outcomes and ultimately the quality of people’s lives. Red Nucleus’ “Red Thread” weaves together a full suite of products and services from learning & development, scientific services & advisory, medical and scientific communications, and market access, which leads the company’s life sciences customers to accelerated transformational success. With worldwide offices in seven countries, our commitment to quality and on-time delivery is unrivaled in the industry.

    For more information visit http://www.rednucleus.com.

    About The Riverside Company

    The Riverside Company is a global investment firm focused on being one of the leading private equity and flexible capital options for business owners and portfolio company employees at the smaller end of the middle market by seeking to fuel transformative growth and create lasting value. Since its founding in 1988, Riverside has made more than 1,000 investments. The firm’s international private equity and flexible capital portfolios include more than 140 companies.

    For more information visit http://www.riversidecompany.com.

    Holly Mueller                                                                               
    Marketing Consultant                                                            
    The Riverside Company                                                              
    216 535 2236                                                         
    hmueller@riversidecompany.com   

    The MIL Network –

  • MIL-OSI: Quick Custom Intelligence Celebrates Milestone Success at the 2024 Global Gaming Expo

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, Oct. 17, 2024 (GLOBE NEWSWIRE) — Quick Custom Intelligence (QCI) capped off a remarkable appearance at the Global Gaming Expo (G2E), held from October 7 to 10, 2024, with a series of exciting announcements that solidified their position as a leader in AI-driven casino intelligence software.

    The highly anticipated event saw QCI unveil the latest version of the QCI Enterprise Platform, which delivers unprecedented features designed to optimize casino operations and revenue. Attendees also witnessed the reveal of QCI’s latest AI technology, which continues to push the boundaries of what’s possible in gaming analytics and intelligence.

    Adding to the excitement, QCI’s Chief Technology Officer Andrew Cardno was honored with the prestigious Lifetime Achievement Award from Gaming & Leisure for his contributions to the gaming industry over the past three decades. This award reflects Cardno’s lasting impact on data-driven decision-making in casinos, setting industry standards for innovation.

    In addition to this accolade, Andrew Cardno and QCI CEO Dr. Ralph Thomas proudly announced the release of their eleventh book, The Math That Gaming Made – Compendium, an in-depth exploration of the mathematical principles that shape the gaming industry today. The book promises to serve as a valuable resource for professionals seeking to enhance their understanding of data science in gaming.

    “We couldn’t have asked for a better platform to showcase our latest innovations,” said Dr. Ralph Thomas, CEO of QCI. “The Global Gaming Expo has always been a key event for us, and this year exceeded our expectations. The response to our new QCI Enterprise Platform has been overwhelmingly positive, and we are excited to continue shaping the future of the gaming industry.”

    Andrew Cardno shared his thoughts on the event and his recent recognition: “Receiving the Lifetime Achievement Award from Gaming & Leisure is an incredible honor. But what excites me the most is the energy and enthusiasm we saw from our customers and industry peers at the expo. The latest advancements in AI technology we introduced will redefine how casinos harness data, and I’m proud to be at the forefront of that transformation.”

    Victor Rocha, a prominent figure in the gaming industry, commented on the electric atmosphere at QCI’s booth: “The excitement surrounding QCI’s new offerings was palpable. From the advanced AI capabilities to the enhanced functionality of the QCI Enterprise Platform, it’s clear that QCI is leading the charge in innovation. Visiting their booth was a highlight of the show.”

    The 2024 Global Gaming Expo was an undeniable success for QCI, further solidifying the company’s role as a pioneer in the gaming technology space. With their latest developments and the release of The Math That Gaming Made – Compendium, QCI is well-positioned to drive the gaming industry forward.

    ABOUT QCI
    Quick Custom Intelligence (QCI) has pioneered the revolutionary QCI Enterprise Platform, an artificial intelligence platform that seamlessly integrates player development, marketing, and gaming operations with powerful, real-time tools designed specifically for the gaming and hospitality industries. Our advanced, highly configurable software is deployed in over 250 casino resorts across North America, Australia, New Zealand, Canada, Latin America, and The Bahamas. The QCI AGI Platform, which manages more than $35 billion in annual gross gaming revenue, stands as a best-in-class solution, whether on-premises, hybrid, or cloud-based, enabling fully coordinated activities across all aspects of gaming or hospitality operations. QCI’s data-driven, AI-powered software propels swift, informed decision-making vital in the ever-changing casino industry, assisting casinos in optimizing resources and profits, crafting effective marketing campaigns, and enhancing customer loyalty. QCI was co-founded by Dr. Ralph Thomas and Mr. Andrew Cardno and is based in San Diego, with additional offices in Las Vegas, St. Louis, Dallas, and Tulsa. Main phone number: (858) 299.5715. Visit us at http://www.quickcustomintelligence.com.

    ABOUT Victor Rocha
    Victor Rocha holds the distinguished position of Conference Chairman for the Indian Gaming Association, while also leading Victor-Strategies as its president. As the owner and publisher of Pechanga.net, he has been deeply engaged in the political landscape of U.S. tribal gaming since 1998. Rocha’s outstanding contributions to the industry have been recognized through numerous accolades, such as AGEM’s 2023 Peter Mead Memorial Award Honoring Excellence in Gaming Media & Communication, the National Center for American Indian Enterprise Development’s 2015 Tribal Gaming Visionary Award, the American Gaming Association’s 2013 Lifetime Achievement Award for Gaming Communications, Raving’s 2012 Casino Marketing Lifetime Achievement Award, the National Indian Gaming Association’s 2002 Outstanding Contribution to Indian Country, VCAT’s 2001 Catalyst Award, and Global Gaming Business Magazine’s 2000 “40 Under 40” list.

    ABOUT Dr. Ralph Thomas
    Dr. Ralph Thomas is the Co-Founder and Chief Executive Officer of Quick Custom Intelligence. Ralph is a product visionary in applied analytics and the founder of two companies that deliver solutions in casino gaming, education, and adult learning. As a gaming industry veteran, Dr. Thomas has substantial experience implementing analytics into single and multi-property gaming companies to drive tangible and measurable gains to the bottom line and has built business intelligence tools for multibillion-dollar casinos. Dr. Thomas is co-author of seven books and over 80 articles on applied analytics and data science in gaming, an inventor on dozens of patents, and understands gaming from raw data up through casino operations, giving him a unique, 360-degree view of the industry.

    About Andrew Cardno
    Andrew Cardno is a distinguished figure in the realm of artificial intelligence and data plumbing. With over two decades spearheading private Ph.D. and master’s level research teams, his expertise has made significant waves in data tooling. Andrew’s innate ability to innovate has led him to devise numerous pioneering visualization methods. Of these, the most notable is the deep zoom image format, a groundbreaking innovation that has since become a cornerstone in the majority of today’s mapping tools. His leadership acumen has earned him two coveted Smithsonian Laureates, and teams under his mentorship have clinched 40 industry awards, including three pivotal gaming industry transformation awards. Together with Dr. Ralph Thomas, the duo co-founded Quick Custom Intelligence, amplifying their collaborative innovative capacities. A testament to his inventive prowess, Andrew boasts over 150 patent applications. Across various industries—be it telecommunications with Telstra Australia, retail with giants like Walmart and Best Buy, or the medical sector with esteemed institutions like City Of Hope and UCSD—Andrew’s impact is deeply felt. He has enriched the literature with insights, co-authoring eight influential books with Dr. Thomas and contributing to over 100 industry publications. An advocate for community and diversity, Andrew’s work has touched over 100 Native American Tribal Resorts, underscoring his expansive and inclusive professional endeavors.

    Contact:
    Laurel Kay, Quick Custom Intelligence
    Phone: 858-349-8354

    The MIL Network –

  • MIL-OSI: Canadian General Investments, Limited Declares Dividend on Common Shares

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Canada, Oct. 17, 2024 (GLOBE NEWSWIRE) — Canadian General Investments, Limited (“CGI” or “the Company”) (TSX:CGI) (LSE: CGI) has declared a quarterly dividend of $0.25 per share payable on December 15, 2024 to common shareholders of record at the close of business on November 29, 2024 (“the Dividend”). This dividend is designated as an “eligible dividend” for purposes of the Income Tax Act (Canada).

    CGI is a closed-end equity fund, focused on medium to long-term investments in primarily Canadian corporations. Its objective is to provide better than average returns to investors through prudent security selection, timely recognition of capital gains/losses and appropriate income generating instruments.

    FOR FURTHER INFORMATION PLEASE CONTACT:
    Jonathan A. Morgan
    President & CEO
    Phone: (416) 366-2931
    Fax: (416) 366-2729
    e-mail: cgifund@mmainvestments.com
    website: http://www.canadiangeneralinvestments.ca

    The MIL Network –

  • MIL-OSI: Digitalist Group Plc decreases its earlier guidance regarding future prospects

    Source: GlobeNewswire (MIL-OSI)

    Digitalist Group Plc Inside information 17 October 2024 20:15

    Digitalist Group Plc decreases its earlier guidance regarding future prospects

    Digitalist Group Plc (”Company”) decreases its earlier guidance regarding future prospects. The new guidance is:
    In 2024, turnover and EBITDA are expected to decrease in comparison with 2023.

    The previous guidance of the company was:
    In 2024, it is expected that turnover will maintain its current level and EBITDA will improve in comparison with 2023.

    Although the third quarter shows an improvement compared to the first quarters of the year, and we are cautiously optimistic regarding the fourth quarter, we do not expect to reach last year’s reported EBITDA, which included other operating income of EUR 1.0 million. Operationally, not including the impact of other operating income, we expect that the current financial year will still be stronger than the previous year.

    DIGITALIST GROUP PLC Board of Directors

    For more information, please contact:

    Digitalist Group Plc Magnus Leijonborg, CEO, tel. +46 76 315 8422 magnus.leijonborg@digitalistgroup.com
    Chairman of the Board Esa Matikainen, tel. +358 40 506 0080, esa.matikainen@digitalistgroup.com
    Distribution:  Nasdaq Helsinki Ltd Main media https://digitalist.global
     

    The MIL Network –

  • MIL-OSI: Duck Creek Technologies Named a Leader in Gartner® 2024 Magic Quadrant™ for SaaS P&C Insurance Core Platforms, North America

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, Oct. 17, 2024 (GLOBE NEWSWIRE) — Duck Creek Technologies, a leading and innovative provider of solutions in the SaaS P&C insurance core platforms market, today announced Duck Creek Technologies has been positioned by Gartner as a Leader in the 2024 Gartner® “Magic Quadrant™ for SaaS P&C Core Platforms, North America”. The evaluation was based on specific criteria that analyzed the company’s overall Completeness of Vision and Ability to Execute.

    Magic Quadrant reports are a culmination of rigorous, fact-based research in specific markets, providing a wide-angle view of the relative positions of providers in markets where growth is high, and provider differentiation is distinct. Providers are positioned into four quadrants: Leaders, Challengers, Visionaries and Niche Players. The research enables you to get the most from market analysis in alignment with your unique business and technology needs.

    “Our low-code, configurable SaaS platform helps insurance carriers stand out in today’s competitive market. We continue to enhance our platform through AI, machine learning and by bringing new solutions to carriers, including Payments Facilitator, to grow their business with speed, efficiency and an excellent customer experience,” said Michael Jackowski, CEO of Duck Creek Technologies. “We are proud to be recognized again this year by Gartner as a Leader in the P&C insurance technology space. As we look ahead, we will continue to enrich our platform by providing more for carriers to stay ahead of their competition including eliminating upgrades through Active Delivery and increasing efficiency and scalability with multi-tenancy.”

    View a complimentary copy of the Magic Quadrant report to learn more about Duck Creek’s strengths and cautions, among other provider offerings, here

    Source: Gartner Reports: Gartner, Magic Quadrant for SaaS P&C Insurance Core Platforms, North America, Sham Gill, James Ingham October 2024

    Gartner Disclaimer:
    Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

    GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. 
    Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates and is used herein with permission. All rights reserved. 

    About Duck Creek Technologies

    Duck Creek Technologies is the intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit http://www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and X.

    Media Contacts:
    Tara Stred/Marianne Dempsey
    Duckcreek@threeringsinc.com

    The MIL Network –

  • MIL-OSI: Ninepoint Partners Announces Final Close After Reaching Maximum Deal Size on 2024 Short Duration Flow-Through Limited Partnership II Capital Raise

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 17, 2024 (GLOBE NEWSWIRE) — Ninepoint Partners LP (“Ninepoint”) is pleased to announce that the Ninepoint 2024 Short Duration Flow-Through Limited Partnership II (the “Partnership”) has completed the second and final closing in connection with its offering of Class A and Class F limited partnership units (the “Units”) pursuant to a prospectus dated September 18, 2024. The Partnership raised $12,290,500 on the sale of an additional 491,620 Units for aggregate gross proceeds of $24,997,900. The Units are being offered at a price per Unit of $25.00 with a minimum subscription of 100 Units ($2,500).

    Ninepoint is a leading manager of Flow-Through Funds in Canada. Since its inception in 2017, Ninepoint has successfully raised more Flow-Through Fund capital than any other asset manager in Canada.

    The Partnership intends to provide liquidity to limited partners through a roll-over to the Ninepoint Resource Fund Class in the period between January 15, 2026 to February 28, 2026.

    Investment Objective of the Partnership
    The Partnership’s investment objective is to achieve capital appreciation and significant tax benefits for limited partners by investing in a diversified portfolio of Flow-Through Shares (as defined in the Prospectus) and other securities, if any, of Resource Issuers (as defined in the Prospectus).

    Attractive Tax-Reduction Benefits
    Flow-through partnerships are one of the most effective tax reduction strategies available to Canadians. Ninepoint anticipates that investors participating in the Partnership will be eligible to receive a tax deduction of approximately 100% of the amount invested.

    Resource Expertise
    The Partnership will be sub-advised by Sprott Asset Management LP (“Sprott”), one of Canada’s leading investment advisors in small and mid-cap resource companies. Over its long history of investing in the resource sector, Sprott has developed relationships with hundreds of companies. Its experienced team of portfolio managers is supported by a team of technical experts with extensive backgrounds in mining and geology.

    Portfolio manager Jason Mayer will manage the portfolio of the Partnership and will be supported by Sprott’s broader team of experienced resource investment professionals.

    Agents
    The offering is being made through a syndicate of agents led by RBC Dominion Securities Inc. which includes
    CIBC World Markets Inc., TD Securities Inc., National Bank Financial Inc., Scotia Capital Inc., BMO Nesbitt Burns Inc., Manulife Wealth Inc., iA Private Wealth Inc., Raymond James Ltd., Richardson Wealth Limited, Canaccord Genuity Corp., Desjardins Securities Inc., Ventum Financial Corp. and Wellington-Altus Private Wealth Inc.

    About Ninepoint Partners LP
    Based in Toronto, Ninepoint Partners LP is one of Canada’s leading alternative investment management firms overseeing approximately $7 billion in assets under management and institutional contracts. Committed to helping investors explore innovative investment solutions that have the potential to enhance returns and manage portfolio risk, Ninepoint offers a diverse set of alternative strategies spanning Equities, Fixed Income, Alternative Income, Real Assets, F/X and Digital Assets.

    For more information on Ninepoint Partners LP, please visit http://www.ninepoint.com or for inquiries regarding the offering, please contact us at (416) 943-6707 or (866) 299-9906 or invest@ninepoint.com.

    Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions “expects”, “intends”, “anticipates”, “will” and similar expressions to the extent that they relate to the Partnership. The forward-looking statements are not historical facts but reflect the Partnership’s, Ninepoint’s and Sprott’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Partnership, Ninepoint and Sprott believe the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. Neither the Partnership, nor Ninepoint or Sprott undertake any obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.

    This offering is only made by prospectus. The Partnership’s prospectus contains important detailed information about the securities being offered. Copies of the prospectus may be obtained from one of the dealers noted above. Investors should read the prospectus before making an investment decision.

    The MIL Network –

  • MIL-OSI: IronSight Accelerates Innovation in Field Operations with Strategic Support

    Source: GlobeNewswire (MIL-OSI)

    EDMONTON, Alberta, Oct. 17, 2024 (GLOBE NEWSWIRE) — IronSight (Pack Energy Services Ltd.), a leader in real-time field service management solutions, is excited to announce that it is receiving advisory services and up to $2.64 million in funding from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP). This vital support will accelerate IronSight’s research and development (R&D) initiatives, helping the company introduce new technologies, expand its workforce, and further position itself as a global leader in field operations software.

    The advisory services and funding from NRC IRAP will enable IronSight to create new job opportunities in R&D and product development, contributing to the growth of the local economy. As IronSight expands, it is poised to add skilled professionals to its team, driving innovation and supporting the growing need for enhanced efficiency and sustainability in sectors such as energy production, utilities, and logistics.

    In addition to job creation, IronSight will integrate advanced Internet of Things (IoT), Artificial Intelligence (AI), and machine learning capabilities into its platform. These technologies will provide real-time predictive analytics, resource optimization, and compliance automation, enabling clients to achieve unprecedented efficiency and safety in field operations. These innovations will help companies meet sustainability targets, reduce operational downtime, and minimize their environmental footprint.

    “The support from NRC IRAP is instrumental not only in helping us accelerate technological advancements but also in creating new jobs and contributing to the economic growth of Alberta and Canada,” said Shawn Martens, President and Co-Founder of IronSight. “This support will allow us to accelerate the development of cutting-edge solutions, helping industries streamline operations, improve safety, and enhance profitability. We are excited to push the boundaries of what’s possible in field operations.”

    IronSight’s enhanced platform, already equipped with real-time tracking, mobile access, and digital documentation, will now incorporate predictive maintenance, automated compliance tracking, and AI-powered operational insights. These advancements are expected to create a significant impact for clients, reducing energy consumption, optimizing resource use, and driving operational excellence across critical industries.

    “This support helps us advance our development of innovative technologies in industrial field services, driving digital transformation and operational excellence,” Martens added. “We’re committed to driving innovation that improves operational efficiency while helping our clients achieve their sustainability goals. Our solutions empower industries to perform better, safer, and more sustainably.”

    About IronSight

    IronSight is a real-time field operations platform designed to enhance operational performance, streamline workflows, and improve collaboration for industrial service providers, energy producers, and mining operations.

    Founded by Shawn Martens and Adam Jessome, IronSight connects people, processes, and technology to create more efficient, intelligent workflows. By leveraging advanced technology and real-time data, IronSight empowers organizations to achieve operational excellence while promoting safety, sustainability, and productivity.

    For more information, visit [http://www.ironsight.com].

    Media Contact:

    Taylor Loader

    Marketing

    IronSight

    Taylor.loader@ironsight.app

    http://www.ironsight.app

    The MIL Network –

  • MIL-OSI: Picton Mahoney Asset Management Announces Monthly Distribution for Picton Mahoney Fortified Income Alternative Fund Exchange Traded Fund Units, Picton Mahoney Fortified Special Situations Alternative Fund Exchange Traded Fund Units, Picton Mahoney Fortified Core Bond Fund Exchange Traded Fund Units and Picton Mahoney Fortified Alpha Alternative Fund Exchange Traded Fund Units

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Oct. 17, 2024 (GLOBE NEWSWIRE) — (TSX: PFIA, PFSS, PFCB, PFAA) Picton Mahoney Asset Management announced today that it has declared the October 2024 monthly cash distribution of $0.0367 per unit for the ETF units (“ETF Units”) of the Picton Mahoney Fortified Income Alternative Fund.

    Picton Mahoney Asset Management announced today that it has declared the October 2024 monthly cash distribution of $0.0341 per unit for the ETF Units of the Picton Mahoney Fortified Special Situations Alternative Fund.

    Picton Mahoney Asset Management announced today that it has declared the October 2024 monthly cash distribution of $0.0333 per unit for the ETF Units of the Picton Mahoney Fortified Core Bond Fund.

    Picton Mahoney Asset Management announced today that it has declared the October 2024 monthly cash distribution of $0.0001 per unit for the ETF Units of the Picton Mahoney Fortified Alpha Alternative Fund.

    Unitholders of record of the ETF Units, at the close of business on October 24, 2024, will receive a per-unit cash distribution payable on October 31, 2024.

    About Picton Mahoney Asset Management

    Picton Mahoney Asset Management specializes in differentiated investment solutions and rules-based volatility management. Picton Mahoney helps its clients fortify their portfolios based on experience honed over the years through different market cycles and investing environments.

    Founded in 2004 and 100% employee-owned, Picton Mahoney is a portfolio management boutique entrusted with over $11.3 billion (as at September 30, 2024) in assets under management. Pioneers of Authentic Hedge® investment principles and practices in Canada, the firm offers a full suite of investment solutions, including mutual and alternative funds, to institutional and retail investors across the country.

    Commissions, trailing commissions, management fees, performance fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. Alternative funds can only be purchased through a registered dealer and are available only in those jurisdictions where they may be lawfully offered for sale.

    For further information please contact:

    Arthur Galloway
    Picton Mahoney Asset Management
    Tel: (416) 955-4108
    Web site: http://www.pictonmahoney.com
    Email: service@pictonmahoney.com

    The MIL Network –

  • MIL-OSI: Backblaze to Announce Third Quarter 2024 Results on November 7, 2024

    Source: GlobeNewswire (MIL-OSI)

    SAN MATEO, Calif., Oct. 17, 2024 (GLOBE NEWSWIRE) — Backblaze, Inc. (Nasdaq: BLZE), the cloud storage innovator providing a modern alternative to traditional cloud providers, will report financial results for its third quarter ending September 30, 2024 on Thursday, November 7, 2024 after market close.

    Following the release of results, Backblaze will host a conference call and webcast at 1:30 p.m. PT (4:30 p.m. ET) on November 7, 2024 to discuss the results.

    Attend the webcast: https://edge.media-server.com/mmc/p/ywn46sgi
    Register to listen by phone: https://dpregister.com/sreg/10192395/fd6964326b

    Phone registrants will receive dial-in information via email.

    An archive of the webcast will be available shortly after its completion on the Investor Relations page of the Backblaze website at https://ir.backblaze.com.

    About Backblaze

    Backblaze is the cloud storage innovator providing a modern alternative to traditional cloud providers. We deliver high-performance, secure cloud object storage that customers use to develop applications, manage media, secure backups, build AI workflows, protect from ransomware, and more. Backblaze helps businesses break free from the walled gardens that traditional providers lock customers into, enabling them to use their data in open cloud workflows with the providers they prefer at a fraction of the cost. Headquartered in San Mateo, CA, Backblaze (NASDAQ: BLZE) was founded in 2007 and serves over 500,000 customers in 175 countries around the world. For more information, please go to http://www.backblaze.com.

    Investors

    Mimi Kong
    Investor Relations
    ir@backblaze.com

    Press Contact

    Jeanette Foster
    Communications Manager
    press@backblaze.com

    The MIL Network –