LGI Homes, Inc. Reports June and Second Quarter 2025 Home Closings and Announces Date for Second Quarter Earnings Conference Call
Globenewswire· 2025-07-03 21:49
Company Performance - LGI Homes closed 457 homes in June 2025 and 1,323 homes in the second quarter of 2025 [1] - As of June 30, 2025, the company had 146 active selling communities [1] Upcoming Financial Results - The company plans to release financial results for the second quarter ended June 30, 2025, before the market opens on August 5, 2025 [1] - A conference call will be held at 12:30 p.m. Eastern Time on the same day to discuss the results [1][2] Company Overview - LGI Homes is headquartered in The Woodlands, Texas, and operates in 36 markets across 21 states [3] - Since its founding in 2003, LGI Homes has closed over 75,000 homes and has delivered profitable financial results every year [3] - The company has been recognized for its quality construction and exceptional customer service, including being named to Newsweek's list of the World's Most Trustworthy Companies [3] - LGI Homes has received numerous workplace awards, including the Top Workplaces USA 2025 Award [3]
Abcourt Closes US$ 8M Loan Facility to Start Sleeping Giant Mine
Globenewswire· 2025-07-03 21:38
Core Viewpoint - Abcourt Mines Inc. has successfully closed a secured financing facility of US$8 million with Nebari Natural Resources Credit Fund II, LP, aimed at advancing the Sleeping Giant Mine towards commercial production [1][2]. Financing Details - The financing facility is for a 36-month period and is structured as a non-dilutive capital investment, providing operational flexibility for the company [1][2]. - Interest on the principal amount will accrue at a floating rate based on the three-month term SOFR plus 12%, with a minimum interest rate of 4% if the SOFR is below that threshold [3]. - The company issued 87,040,000 non-transferable warrants to the lender, exercisable at $0.0625 per share until July 3, 2028, subject to adjustments if the principal amount is prepaid [5]. - An arrangement fee of US$120,000 was paid to the lender, along with a monthly administration fee of US$2,500 starting the month after the closing date [6]. Security Arrangements - The financing is secured by a first priority senior security on all of the corporation's movable and immovable property, including real property interests and mining rights [7]. Planned Developments - With the financing in place, the company plans to initiate significant activities at the Sleeping Giant Mine, including building a sleep camp and kitchen, working on tailing facilities, beginning production in the upper level of the mine, and developing lower levels to open new mining fronts [8][9].
Westhaven Closes Non-Brokered Private Placement with Eric Sprott and Earthlabs, for Gross Proceeds of $3.16 Million
Globenewswire· 2025-07-03 21:30
Core Viewpoint - Westhaven Gold Corp. has successfully closed a non-brokered private placement, raising a total of $3,160,000 through the sale of units and flow-through units, aimed at funding exploration activities in British Columbia [1][4]. Group 1: Offering Details - The Offering consisted of 8,333,333 units sold at $0.12 per unit, generating gross proceeds of C$1,000,000, and 12,500,000 flow-through units sold at $0.1728 per unit, generating gross proceeds of C$2,160,000 [1][2]. - Each unit includes one common share and one-half of a common share purchase warrant, while each flow-through unit includes one share qualifying as a "flow-through share" and one-half of a warrant [5]. Group 2: Use of Proceeds - Proceeds from the Offering will be allocated to Canadian exploration expenses, specifically for the Company's projects in the Spences Bridge Gold Belt, including expanding the exploration drilling program at the Shovelnose gold project to at least 5,000 meters [3][4]. - The gross proceeds from the flow-through units will be used for qualifying expenditures, which will be incurred by December 31, 2026, and renounced to subscribers by December 31, 2025 [3]. Group 3: Company Overview - Westhaven Gold Corp. focuses on gold exploration and development, controlling approximately 61,512 hectares in the Spences Bridge Gold Belt, with the Shovelnose Gold project being the most advanced property [9]. - The Shovelnose Gold project has a recently updated Preliminary Economic Assessment indicating a potential average annual gold production of 56,000 ounces and an after-tax NPV of Cdn$454 million [9].
Theratechnologies to Announce Second Quarter 2025 Financial Results
Globenewswire· 2025-07-03 21:30
Core Viewpoint - Theratechnologies Inc. will report its financial results for the second quarter of 2025 on July 9, 2025, following the announcement of its acquisition on July 2, 2025, and no conference call will be held [1]. Company Overview - Theratechnologies is a specialty biopharmaceutical company focused on the commercialization of innovative therapies that aim to redefine standards of care [2].
Aeries Technology Announces Completion of Fiscal Year 2025 Earnings Call
Globenewswire· 2025-07-03 21:16
Core Adjusted EBITDA exceeds guidance; Company re-affirms FY 2026 outlook as AI-Centric Global Capability Center strategy acceleratesNEW YORK, July 03, 2025 (GLOBE NEWSWIRE) -- Aeries Technology, Inc. (“Aeries” or the “Company”), a leading partner to private-equity-backed enterprises building and scaling Global Capability Centers (“GCCs”), today announced that it held its Annual Fiscal Year 2025 Earnings and Business Update Conference Call earlier today. Chief Executive Officer Ajay Khare and Chief Financia ...
Magnetic North Acquisition Corp. Announces Cease Trade Order
Globenewswire· 2025-07-03 21:07
CALGARY, Alberta and TORONTO, July 03, 2025 (GLOBE NEWSWIRE) -- Magnetic North Acquisition Corp. (TSXV: MNC; MNC.PR.A) (“Magnetic North” or the “Company”) announces that the Alberta Securities Commission (the “ASC”) has issued a cease trade order against the Company for the Company’s failure to file its audited annual financial statements, accompanying management discussion and analysis and certifications for the financial year ended December 31, 2024, and the corresponding condensed interim financial state ...
Diversified Royalty Corp. Announces July 2025 Cash Dividend
Globenewswire· 2025-07-03 21:05
Core Viewpoint - Diversified Royalty Corp. has announced an increase in its annual dividend from 25.0 cents per share to 27.5 cents per share effective July 1, 2025, with a cash dividend of $0.02292 per common share for the period of July 1, 2025, to July 31, 2025 [1] Company Overview - Diversified Royalty Corp. is a multi-royalty corporation focused on acquiring top-line royalties from well-managed multi-location businesses and franchisors in North America [2] - The company's objective is to acquire predictable and growing royalty streams from a diverse group of businesses and franchisors [2] Business Operations - DIV currently owns trademarks for several brands including Mr. Lube + Tires, AIR MILES®, Sutton, Mr. Mikes, Nurse Next Door, Oxford Learning Centres, Stratus Building Solutions, BarBurrito, and Cheba Hut [3] - Mr. Lube + Tires is the leading quick lube service in Canada, while AIR MILES® is the largest coalition loyalty program in the country [3] - Sutton is a leading residential real estate brokerage franchisor, and Mr. Mikes operates casual steakhouses primarily in western Canada [3] - Nurse Next Door provides home care services across Canada, the U.S., and Australia, while Oxford Learning Centres offers supplemental education services [3] - Stratus Building Solutions is a commercial cleaning service franchise, BarBurrito is the largest quick-service Mexican restaurant chain in Canada, and Cheba Hut is a fast-casual toasted sub sandwich franchise in the U.S. [3] Financial Strategy - The company aims to increase cash flow per share through accretive royalty purchases and the growth of purchased royalties [4] - DIV intends to maintain a predictable and stable monthly dividend to shareholders and increase the dividend over time as cash flow per share allows [4]
Bird Construction Inc. Announces Release Date and Conference Call for 2025 Second Quarter Financial Results
Globenewswire· 2025-07-03 21:05
MISSISSAUGA, Ontario, July 03, 2025 (GLOBE NEWSWIRE) -- Bird Construction Inc. (TSX: BDT) announced today that it will release its 2025 second quarter financial results after market close on Wednesday, August 13, 2025. A conference call and live webcast to discuss the results will be held on Thursday, August 14, 2025 at 10:00 a.m. (ET). Teri McKibbon, President and Chief Executive Officer, and Wayne Gingrich, Chief Financial Officer, will host the call. Participants are invited to register for expedited acc ...
Origin Investment Corp I Announces Closing of $60,000,000 Initial Public Offering
Globenewswire· 2025-07-03 21:05
Singapore, July 03, 2025 (GLOBE NEWSWIRE) -- Origin Investment Corp I (the “Company”), a newly organized special purpose acquisition company, today announced the closing of its initial public offering (“IPO”) of 6,000,000 units at an offering price of $10.00 per unit, with each unit consisting of one ordinary share and one-half of one redeemable warrant. The units began trading on the Nasdaq Global Market (“Nasdaq”) on July 2, 2025 under the ticker symbol “ORIQU”. Each whole warrant entitles the holder ther ...
Preferred Bank Announces 2025 Second Quarter Earnings Release and Conference Call
Globenewswire· 2025-07-03 21:00
Core Viewpoint - Preferred Bank plans to release its financial results for the second quarter of 2025 on July 21, 2025, before market opening, followed by a conference call to discuss the results and outlook [1][3]. Company Overview - Preferred Bank is one of the larger independent commercial banks in California, chartered by the State of California, with deposits insured by the FDIC [4]. - The bank operates from its main office in Los Angeles and has twelve full-service branches in California, two branches in New York, and one in Texas, along with a Loan Production Office in Sunnyvale, California [4]. - Preferred Bank offers a wide range of deposit and loan products to commercial and consumer customers, focusing on small and mid-sized businesses, entrepreneurs, and high net worth individuals [4]. - Originally founded as a Chinese-American bank, it now serves a diversified mainstream market while still benefiting from the migration of ethnic Chinese to California [4]. Conference Call Details - The conference call will be hosted by key executives including Chairman and CEO Li Yu, President Wellington Chen, and CFO Edward J. Czajka, discussing financial results and business highlights [3]. - Participants can access the call via a domestic number (888-243-4451) or an international number (412-542-4135), with a live webcast available on the bank's website [2][3]. - A replay of the call will be available until July 28, 2025, with specific access numbers provided for domestic and international listeners [3].