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Press Release

St. Marys Cement (Canada) Inc. Early Warning Press Release

By on Feb 16, 2018 in Press Release | 0 comments

TORONTO, Feb. 16, 2018 (GLOBE NEWSWIRE) — St. Marys Cement (Canada) Inc. (the “Shareholder”) filed an early warning report (the “Early Warning Report”) advising of its direct acquisition of common shares (the “Common Shares”) of Pond Technologies Holdings Inc. (the “Issuer”). On January 30, 2018, pursuant to the reverse takeover of Ironhorse Oil Gas Inc. (“Ironhorse”) by Pond Technologies Inc. (“Pond”) by way of a three-cornered amalgamation (the “Transaction”), the Shareholder acquired an aggregate of 3,042,571 Common Shares, representing approximately 15.67% of the Common Shares issued and outstanding following completion of the Transaction on an undiluted basis. Pursuant to the Transaction, Ironhorse issued an aggregate of 11,731,244 post-consolidated common shares in the capital of the Resulting Issuer (each, a “Common Share”) to the former shareholders of Pond (each, a “Pond Shareholder”), including the Shareholder. Prior to the closing of the Transaction, Ironhorse changed its name to “Pond Technologies Holdings Inc.”  Pursuant to the Transaction, each Pond Shareholder, including the Shareholder, transferred their Pond common shares (“Pond Shares”) to Ironhorse in exchange for one Common Share for each Pond Share held, and the convertible securities of Pond were exchanged for like securities of the Resulting Issuer, also on a 1 for 1 basis. Including Common Shares issued pursuant to a brokered equity financing completed by Pond concurrently with the closing of the Transaction (the “Financing”), upon closing of the Transaction, an aggregate of 19,414,430 Common Shares were issued and outstanding. The above percentage is calculated based on 19,414,430 Common Shares issued and outstanding after giving effect to the Transaction and the Financing.  The Shareholder did not own any securities of the Issuer prior to the closing of the Transaction. The Shareholder acquired the securities for investment purposes, and currently has no other plans or intentions that relate to or would result in any change to its investment in the Issuer.  However, depending on market conditions, general economic and industry conditions, trading prices of the Issuer’s securities, the Issuer’s business, financial condition and prospects and/or other relevant factors, the Shareholder may develop such plans or intentions in the future and, at such time, may from time to time acquire or dispose of securities of the Issuer. A copy of the Early...

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Press release – School visit in UK

By on Feb 16, 2018 in Press Release | 0 comments

What place is there for culture in Europe’s future? Teenagers from Bearsden prepare to tell Brussels On 19 February at 9.30 a.m., Bearsden Academy will welcome Mr Brendan Burns, member of the European Economic and Social Committee, to prepare for “Your Europe, Your Say” (YEYS), the youth assembly which will take place in Brussels on 15-16 March 2018. Thirty-three schools from across Europe, 28 EU Member States and five candidate countries, will come to Brussels and tell European institutions just what role they see culture playing in Europe’s future. They will brainstorm, debate and vote on three proposals which European institutions will factor into their policy making. Brendan Burns will work with the students in advance of the March meeting to prepare answers to some key questions concerning the future for European culture: What is European culture: is it just the sum of national traditions or are there common values that make us all Europeans? What is the role of culture and cultural exchanges in students’ lives? What can the European Union do to promote culture (cinema, music, dance, literature, theatre, etc.) and better protect cultural heritage sites? What role could culture play in the economic rebirth of Europe’s regions and cities? How can this rebirth give new opportunities to young people in terms of new jobs? Called “Your Europe, Your Say!” (YEYS), the event is organised by the European Economic and Social Committee (EESC), the voice of civil society at European level, and is the Committee’s flagship event for young people. Through this initiative, the EESC is making sure that the views, experiences and ideas of the younger generation are taken on board in EU policy making. Brendan Burns has been a member of the EESC since 2006 and he is active within the Employers’ Group. Further details about YEYS2018 are available on the event’s official page and in last year’s video...

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Vivendi: Strong Performance of the Main Business Activities in 2017

By on Feb 15, 2018 in Press Release | 0 comments

PARIS–(BUSINESS WIRE)–Regulatory News: Vivendi (Paris:VIV): Universal Music Group: very solid performance fueled by the success of subscription and streaming services as well as a number of successful album releases. Agreements with Spotify, Tencent, YouTube and Facebook. Canal+ Group: ongoing recovery in France. Continued growth of international operations. Havas: highly accretive acquisition, representing a six-month contribution of €1.151 billion to Vivendi’s 2017 revenues and €111 million to Vivendi’s 2017 EBITA. Gameloft: 12% growth in revenues from advertising activities and sales via app stores. Improvement in income from operations at constant currency and perimeter. Investments in new businesses (CanalOlympia, Vivendi Africa, Live, Vivendi Content, Dailymotion…) that will create additional sources of revenue.     Full Year 2017   Q4 2017   KEY FIGURES       % changeyear-on-year   % changeyear-on-year atconstantcurrencyandperimeter2       % changeyear-on- year   % changeyear-on-year atconstantcurrencyandperimeter3 Revenues   €12,444 M   +15.0%   +4.9%   €3,823 M   +23.0%   +6.8% Income from operations4,5     €1,116 M   +30.9%   +17.0%   €375 M   x3.1   x2.5 EBITA4,5   €987 M   +36.4%   +23.1%   €342 M   x5.8   x4.8 of which UMG   €761 M   +18.3%   +20.6%   €319 M   +9.9%   +14.6% Canal+ Group   €318 M   +32.1%   +31.1%   -€8 M   na   na EBIT   €1,036 M   +16.8%       €364 M   x5.8     Earnings attributable to Vivendi SA shareowners5   €1,228 M   -2.2%       €828 M   x10.3     Adjusted net income4,5   €1,312 M   +73.9%       €719 M   x5.6     This press release contains audited consolidated financial results established under IFRS, which were approved by Vivendi’s Management Board on February 12, 2018, reviewed by the Vivendi Audit Committee on February 13, 2018, and by Vivendi’s Supervisory Board on February 15, 2018. Vivendi’s Supervisory Board met today under the chairmanship of Vincent Bolloré and reviewed the Group’s Consolidated Financial Statements for the year ended December 31, 2017, which were approved by the Management Board on February 12, 2018. Vivendi’s main business activities delivered strong economic and financial performances in 2017. In 2017, revenues amounted to €12.444 billion, compared...

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County: Press Release Cannot Initiate Vasquez Investigation

By on Feb 15, 2018 in Press Release | 0 comments

A Feb. 14 press release by nine Democrat legislators representing Dona Ana County called on the Dona Ana County Board of Commissioners to launch a formal investigation into allegations of sexual harassment and violations of the county’s code of conduct by District 5 Commissioner John L. Vasquez. Here is a statement issued by Dona Ana County:    County Commission Chairman Benjamin L. Rawson immediately reviewed the press release with County Manager Fernando R. Macias and the county’s Legal Department to determine whether the requested investigation could be launched, and the county manager concluded that a press release itself does not constitute a formal complaint upon which action can be initiated.    “While I appreciate the importance of the issue and the interest by our legislators in these matters, and while I agree that any allegation of sexual harassment is non-partisan, the Dona Ana County Code of Conduct is our baseline for reviewing formal complaints against elected officials and staff,” Rawson said. “At this time, the one formal complaint that has been received from Ms. Johana Bencomo remains under review. I initiated immediate action on it. The legislative delegation’s request for an investigation lacks any specific allegations to be investigated.”    Rawson emphasized that the county’s process is separate and distinct from any ongoing investigations involving other entities, such as allegations related to the New Mexico Democratic Party chair, adding that the county is a separate entity and does not have any specific information on any allegations regarding other organizations.    “If we all agree that sexual harassment is never acceptable and should never be tolerated,” he said, “then we must also agree that any entity, including the Democratic Party of New Mexico, that receives any such allegations has the responsibility to proceed according to that entity’s due-process policies and procedures, just as Dona Ana County has...

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Hydropothecary signs letter of intent to supply Québec market

By on Feb 14, 2018 in Press Release | 0 comments

Hydropothecary signs LOI with Société des alcools du Québec for supply of cannabis. Hydropothecary will supply 20,000 kg of cannabis for the first year of the adult-use recreational cannabis. The LOI covers the full range of the Company’s products and brands. GATINEAU, Québec, Feb. 14, 2018 (GLOBE NEWSWIRE) — The Hydropothecary Corporation (“Hydropothecary” or the “Company”) (TSX VENTURE:THCX) is pleased to announce that it has signed a letter of intent (LOI) with Société des alcools du Québec (SAQ), for the supply of cannabis for the Quebec market. Final terms are subject to the negotiation and execution of a definitive supply agreement. Hydropothecary will supply 20,000 kg of cannabis products in the first year of adult-use recreational cannabis. The LOI covers the full range of the Company’s products and brands, from H2 and Time of Day (flower) to Elixir (sub-lingual oil spray) to Decarb (powder). “This supply arrangement is an important step for Hydropothecary. We are honoured by the opportunity to supply cannabis in our home province and we want Quebecers to know that we are committed to providing safe and high-quality products for the adult-use recreational market,” said Sebastien St-Louis, CEO and co-founder. “Excited as we are about this significant breakthrough in the adult-use recreational market, we will continue to serve the Canadian medical market and the thousands of Canadians who count on us for their cannabis products,” added Mr. St. Louis. The Company is on track to complete previously announced facility expansions increasing annual production capacity to 108,000 kg of dried cannabis, making the Company one of Canada’s largest producers.  About The Hydropothecary CorporationThe Hydropothecary Corporation is an authorized licensed producer and distributor of medical cannabis licensed by Health Canada under the Access to Cannabis for Medical Purposes Regulations (Canada). Hydropothecary creates award-winning innovative, easy to use and easy to understand products. Hydropothecary is rapidly increasing its production capacity in the lead-up to recreational adult-use cannabis. Expansion plans will result in a total of 1.3 million sq. ft. of production space, producing 108,000 kg of dried cannabis per year, making Hydropothecary one of the largest producers in the country. Hydropothecary is the among the lowest cost producers in the industry. The first licensed producer in Québec, Hydropothecary is headquartered...

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Fraser Institute News Release: New government risks BC’s strong fiscal position if upcoming budget ramps up spending

By on Feb 14, 2018 in Press Release | 0 comments

VANCOUVER, British Columbia, Feb. 14, 2018 (GLOBE NEWSWIRE) — British Columbia currently enjoys one of the strongest fiscal positions in Canada because of modest spending growth over the last decade or so—compared to greater spending increases pursued in other provinces, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank. The new government in B.C. is expected to table its first full budget next week. “Early indications point to the new government abandoning the prudent choices of the past that have led, in part, to the relatively strong fiscal position B.C. enjoys today,” said Charles Lammam, director of fiscal studies at the Fraser Institute and co-author of Will B.C.’s New NDP Government Abandon Past Spending Discipline? The study finds that over a 15-year period starting in 2001/02, successive provincial governments in B.C. increased spending, on average, 3.5 per cent annually. That was the lowest level of spending growth during that time period of any province. The range of annual increases outside B.C. was between 4.1 per cent (Quebec) and 6.0 per cent (Alberta). The study also calculated what the state of B.C.’s finances would have been had they spent like other provinces. For instance, had B.C. increased spending at the same rate as Alberta, the province would have only balanced its budget twice since 2001/02 instead of nine times, and last year’s $2.7 billion surplus would have been a $5.6 billion deficit. In fact, B.C. is the only province to have tabled four consecutive balanced budgets from 2013/14 to last year. But the new government signalled with its fall fiscal update last year it may be moving away from prudent spending. In fact, the September update called for program spending to increase by 6.6 per cent in 2017/18—nearly double the average annual increase since 2002/03 (3.5 per cent). Crucially, that increased spending didn’t include big-ticket spending commitments that were promised in the 2015 election campaign, such as subsidized daycare. “It’s no accident that B.C.’s finances are currently in better shape than other provinces—it’s the result of relatively sound management of government spending over the long-term,” Lammam said. “In this upcoming budget, we’ll see whether the new government will abandon the prudent spending decisions...

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