Not-so-Funny April Fools: Putin Threatens to Cut Europe’s Gas Supply by Friday
Russian President Vladimir Putin signed a decree on Thursday demanding “hostile” importers of natural gas start paying for shipments with rubles by April 1, or have their supplies shut off. “Unfriendly” countries to Russia have until Friday to open accounts at Russian banks to start making payments in rubles. Under the proposed mechanism, Gazprombank would […]
Azincourt Energy To Conduct 2.5 To 1 Reverse Split Following Financing
Azincourt Energy (TSXV: AAZ) is evidently looking to give its share price a lift. That lift however is to come in a slightly less conventional way than through operational performance, with the company last night announcing it intends to conduct a reverse split. The share consolidation is to be conducted at a ratio of 2.5 […]
NG Energy Looks To Raise $45 Million For Further Development Of Sinu-9
NG Energy (TSXV: GASX) appears to be in search of additional funding. The firm last night indicated that it is looking to conduct a best efforts marketed prospectus offering for the sale of convertible debenture units. The company is looking to raise aggregate proceeds of $45.0 million under the offering, via the sale of 45,000 […]
Medipharm Labs Sees Revenues Decline 40% In 2021
Medipharm Labs (TSX: LABS) last night filed its fourth quarter financial results. The company managed to achieve an impressive feat, posting negative gross profit margins for four straight quarters in 2021, while at the same time claiming that they are on a “solid financial footing.” Revenue for the fourth quarter came in at $5.7 million, […]
Gatekeeper Systems Closes Out March With Third Purchase Order, Pegged At $0.9 Million
Purchase orders continue to flow in for Gatekeeper Systems (TSXV: GSI). The company last night capped off the month of March by revealing it had received a third significant purchase order during the month. The latest purchase order comes from the Southeastern Pennsylvania Transit Authority, whom is looking to procur ethernet switches and software configurations […]
GameStop Announces Plans To Conduct Stock Split
The executives over at GameStop Corp (NYSE: GME) appear to be taking a page out of Elon Musk’s playbook. The firm last night announced that it is seeking shareholder approval to increase the number of authorized shares outstanding in the company. The approval is being sought to enable the company to conduct a forward stock […]