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Aura Minerals Releases Its Third Quarter 2020 Financial and Operational Results

ROAD TOWN, British Virgin Islands, Nov. 13, 2020 (GLOBE NEWSWIRE) — Aura Minerals, Inc. (“Aura Minerals” or the “Company”) announces that the Company has filed today its interim financial statements for the third quarter of 2020, its associated management’s discussion and analysis and related certification filings for the third quarter of 2020 (collectively, the “Third Quarter Results”).

Rodrigo Barbosa, CEO of Aura, comments: “We at Aura are very pleased with both our quarterly results and the new trajectory for the company. Not only did we start this quarter with a successful IPO in Brazil, significantly strengthening our balance sheet and our support base, but also we delivered on our promises: Stronger production, lower cost and continued profit growth. Today, we published another record high result for Aura. Our team was able to achieve these results while also focusing on the safety of our employees, rigorously implementing procedures to avoid spread of COVID-19 within our operations, allowing us to resume near full production in our operations. The Q3 results shows that we continue to increase production when compared to Q4 2019 (pre-COVID-19 impacts) and to reduce costs. Moreover, we expect to continue to generate future growth by advancing several projects in our portfolio and adding more production during Q4 and the years to come.”

Forward-Looking Information

This press release contains “forward-looking information” and “forward-looking statements”, as defined in applicable Canadian securities laws (collectively, “forward-looking statements”) which include, but are not limited to, future development of the Company’s projects and increases in production.

Known and unknown risks, uncertainties and other factors, many of which are beyond the Company’s ability to predict or control, could cause actual results to differ materially from those contained in the forward-looking statements. Specific reference is made to the most recent Annual Information Form on file with certain Canadian provincial securities regulatory authorities for a discussion of some of the factors underlying forward-looking statements.

All forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements whether as a result of new information or future events or otherwise, except as may be required by law. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements.

About Aura 360° Mining

Aura is focused on mining in complete terms – thinking holistically about how its business impacts and benefits every one of our stakeholders: our company, our shareholders, our employees, and the countries and communities we serve. We call this 360° Mining.

Aura is a mid-tier gold and copper production company focused on the development and operation of gold and base metal projects in the Americas. The Company’s producing assets include the San Andres gold mine in Honduras, the Ernesto/Pau-a -Pique gold mine in Brazil, the Aranzazu copper-gold-silver mine in Mexico and Gold Road mine in the United States. In addition, the Company has two additional gold projects in Brazil, Almas and Matupá, and one gold project in Colombia, Tolda Fria.

For further information, please visit Aura’s website at www.auraminerals.com or contact:

Rodrigo Barbosa                 
President & CEO                
305-239-9332



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Dow listed to 2020 Dow Jones Sustainability World Index

Dow listed to 2020 Dow Jones Sustainability World Index

MIDLAND, Mich.–(BUSINESS WIRE)–
Today, Dow (NYSE: DOW) was named to the Dow Jones Sustainability World Index (DJSI) by S&P Global, the investment specialist focused exclusively on Sustainability Investing. This is the 21st year Dow has achieved this prestigious ranking as one of the top companies in the global chemical industry in terms of sustainability performance.

“It is an honor to be listed to the Dow Jones Sustainability World Index in recognition of our comprehensive sustainability programs,” said Mary Draves, chief sustainability officer and vice president of Environment, Health and Safety. “For us, it’s more than programs. Sustainability is infused throughout our company culture in how we make decisions, run our businesses and operations, and innovate new products. Through our 2025 Sustainability Goals and the power of our people, we strive to deliver a sustainable future for the world through our expertise in materials science and in collaboration with our partners.”

In addition, Dow was named to the DJSI North America Index. Dow performed particularly well in Operational Eco-efficiency, Labor Practice Indicators, and Environmental and Social Reporting. These scores reflect Dow’s continued strong performance and efforts to increase transparency.

Since launching in 1999, the DJSI has provided benchmarking of the world’s largest companies in terms of their economic, environmental, and social performance. Approximately 3,500 companies are asked to participate in the Corporate Sustainability Assessment.

Learn more about sustainability at Dow, including its 2025 Sustainability Goals and new sustainability targets at Science & Sustainability.

About Dow

Dow (NYSE: DOW) combines global breadth, asset integration and scale, focused innovation and leading business positions to achieve profitable growth. The Company’s ambition is to become the most innovative, customer centric, inclusive and sustainable materials science company. Dow’s portfolio of plastics, industrial intermediates, coatings and silicones businesses delivers a broad range of differentiated science-based products and solutions for its customers in high-growth market segments, such as packaging, infrastructure and consumer care. Dow operates 109 manufacturing sites in 31 countries and employs approximately 36,500 people. Dow delivered sales of approximately $43 billion in 2019. References to Dow or the Company mean Dow Inc. and its subsidiaries. For more information, please visit www.dow.com or follow @DowNewsroom on Twitter.

Ashley Mendozza

+1.225.353.1806
[email protected]

Christy English

+1.989.638.4286

[email protected]

KEYWORDS: Michigan United States North America

INDUSTRY KEYWORDS: Packaging Chemicals/Plastics Environment Manufacturing

MEDIA:

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BABA CLASS ACTION NOTICE: The Law Offices of Frank R. Cruz Files Securities Fraud Lawsuit Against Alibaba Group Holding Limited

BABA CLASS ACTION NOTICE: The Law Offices of Frank R. Cruz Files Securities Fraud Lawsuit Against Alibaba Group Holding Limited

LOS ANGELES–(BUSINESS WIRE)–The Law Offices of Frank R. Cruz announces that it has filed a class action lawsuit in the United States District Court for the Southern District of New York captioned Ciccarello v. Alibaba Group Holding Limited, et al., (Case No. 1:20-cv-09568) onbehalf of persons and entities that purchased or otherwise acquired Alibaba Group Holding Limited (“Alibaba” or the “Company”) (NYSE: BABA) securities between October 21, 2020 and November 3, 2020, inclusive (the “Class Period”). Plaintiff pursues claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”).

If you are a shareholder who suffered a loss, click here to participate.

Alibaba is an online and mobile commerce company. Alibaba owns a 33% equity interest in Ant Small and Micro Financial Services Group Co., Ltd. (“Ant Group”), a financial technology company that is best known for operating Alipay, one of the largest mobile and online payments platforms.

On July 20, 2020, Ant Group announced that it had begun the process of a concurrent initial public offering (“IPO”) on the Shanghai and Hong Kong stock exchanges.

On October 26, 2020, Ant Group priced its IPO and was set to raise $34.5 billion, making it the largest public offering in history.

On November 2, 2020, Financial Times reported that Chinese regulators had met with Ant Group’s controller Jack Ma, executive chairman Eric Jing, Chief Executive Officer Simon Hu. The article stated that, though regulators did not provide details, “the Chinese word used to describe the interview – yuetan – generally indicates a dressing down by authorities.” The article also included a statement from Ant Group that it will “implement the meeting opinions in depth.”

On November 3, 2020, the IPO was suspended because Ant Group “may not meet listing qualifications or disclosure requirements due to material matters” related to the meeting with regulators the previous day and “the recent changes in the Fintech regulatory environment.”

On this news, the Company’s share price fell $25.27, or 8%, to close at $285.57 per share on November 3, 2020, on unusually heavy trading volume.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that Ant Group did not meet listing qualifications or disclosure requirements for certain material matters; (2) that certain impending changes in the Fintech regulatory environment would impact Ant Group’s business; (3) that, as a result of the foregoing, Ant Group’s IPO was reasonably likely to be suspended; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you purchased Alibaba securities during the Class Period, you may move the Court no later than 60 days from the date of this notice to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you purchased Mesoblast securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to [email protected], or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

The Law Offices of Frank R. Cruz, Los Angeles

Frank R. Cruz, 310-914-5007

[email protected]

www.frankcruzlaw.com

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Legal Professional Services

MEDIA:

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POSaBIT Closes Non-Brokered Private Placement of Convertible Notes and Warrants

POSaBIT Closes Non-Brokered Private Placement of Convertible Notes and Warrants

Not for distribution to United States newswire services or for dissemination in the United States

TORONTO & SEATTLE–(BUSINESS WIRE)–
POSaBIT Systems Corporation (CSE: PBIT) (“POSaBIT” or the “Company”) announces that it has closed a non-brokered private placement (the “Offering”) of an aggregate of US$1,040,000 principal amount of 12% convertible unsecured notes due December 31, 2023, convertible into common shares of the Company (“Common Shares”) at a conversion price of C$0.12 per Common Share, and 5,650,231 common share purchase warrants (the “Warrants”). Each Warrant will entitle the holder to purchase one Common Share for a period of five years at an exercise price of C$0.12 per Common Share. The Company received aggregate gross proceeds from the Offering of US$1,040,000.

The securities issued pursuant to the Offering will be subject to a four month hold period in accordance with applicable Canadian securities laws.

The net proceeds raised under the Offering will be used for general working capital and corporate purposes.

In connection with the Offering, the Company paid to Canaccord Genuity Corp. finder’s fees consisting of $64,350 in cash and 349,608 finder’s warrants, with each finder’s warrant exercisable to acquire one Common Share of the Company until November 13, 2022 at an exercise price of C$0.12 per share.

This press release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction. The securities will not be and have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements.

About POSaBIT

POSaBIT (CSE: PBIT) is a financial technology company that delivers unique and innovative, blockchain-enabled payment processing and point-of-sale systems for cash-only businesses. POSaBIT specializes in resolving pain points for complex, high-risk, emerging industries like cannabis with an all-in-one solution that is compliant, user-friendly and utilizes top-of-the-line hardware. POSaBIT’s unique solution provides a safer and transparent environment for merchants while creating a better overall experience for the consumer. For additional information, visit: www.posabit.com.

Investor Relations:

[email protected]

Media Relations:

Oscar Dahl

206-660-7246

[email protected]

Management:

Ryan Hamlin

Co-Founder and CEO of POSaBIT

855-767-2248

[email protected]

KEYWORDS: North America Canada

INDUSTRY KEYWORDS: Technology Finance Other Retail Tobacco Specialty Professional Services Software Hardware Retail

MEDIA:

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FMO Announces Accrual for Income Tax Expense

NEW YORK, Nov. 13, 2020 (GLOBE NEWSWIRE) — Fiduciary/Claymore Energy Infrastructure Fund (“FMO” or the “Fund”) today announced a change in the estimate of the accrual of federal and state income tax expense caused by sales of investments. The Fund’s net asset value per share (“NAV”), which was impacted on November 13, 2020, is $6.20, which takes into account such accrual. The accrual is estimated, and the Fund’s actual tax liability could vary.

The Fund is generally subject to U.S. federal income tax on its taxable income at the 21% rate applicable to corporations and, in addition, is subject to various state income taxes. The Fund accrues estimated current federal and state income tax expense based on current income and gains generated from its underlying investments and trading activity. Any net current or deferred income tax expense or net deferred income tax liability will reduce the Fund’s NAV.

For purposes of estimating the Fund’s current and deferred income tax expense or benefit, deferred tax liabilities and net deferred tax assets for financial statement reporting and determining its NAV, the Fund is required to rely, to some extent, on information reported by the master limited partnerships (“MLPs”) in which it invests. Such information may not be received in a timely manner, with the result that the Fund’s estimates regarding its deferred tax expense or liability could vary dramatically from the Fund’s actual tax expense or liability and, as a result, the determination of the Fund’s actual tax liability may have a material impact on the Fund’s NAV. The Fund expects to receive such final information from the MLPs in March/April 2021.

More Information About the Fund

The Fund’s investment objective is to provide a high level of after-tax total return with an emphasis on current distributions paid to shareholders. Under normal market conditions, the Fund invests at least 80% of its managed assets in energy infrastructure MLPs and other energy infrastructure companies (“energy infrastructure entities”) and invests at least 65% of its managed assets in equity securities of energy infrastructure entities. A substantial portion of the energy infrastructure entities in which the Fund invests are engaged primarily in the energy, natural resources and real estate sectors.

There can be no assurance that the Fund will achieve its investment objective. Investments in the Fund involve operating expenses and fees. The NAV of the Fund will fluctuate with the value of the underlying securities. It is important to note that closed-end funds trade on their market value, not NAV, and closed-end funds often trade at a discount to their NAV.

About Guggenheim Investments

Guggenheim Investments includes Guggenheim Funds Investment Advisors, LLC (“GFIA”). GFIA serves as Investment Adviser for FMO. Tortoise Capital Advisors, L.L.C. serves as Investment Sub-Adviser for FMO and is not affiliated with Guggenheim.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any security. The Fund has completed its initial public offering. Investors should consider their investment goals, time horizons and risk tolerance before investing in the Fund. An investment in the Fund is not appropriate for all investors and is not intended to be a complete investment program.
Investors should consider the investment objectives and policies, risk considerations,
including tax risks and risks of investing in MLPs,
charges and expenses of any investment before they invest. For this and more information
,
visit www.guggenheiminvestments.com or contact a securities representative or
Guggenheim Funds Distributors, LLC 227 West Monroe Street, Chicago, IL 60606, 800-345-7999.

Analyst Inquiries
William T. Korver
[email protected]

Not FDIC-Insured | Not Bank-Guaranteed | May Lose Value
Member FINRA/SIPC (11/20)



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Contango ORE Announces Record Date and 2020 Virtual Annual Meeting Date; Results for the Quarter Ended September 30, 2020

Contango ORE Announces Record Date and 2020 Virtual Annual Meeting Date; Results for the Quarter Ended September 30, 2020

HOUSTON–(BUSINESS WIRE)–
Contango ORE, Inc. (“CORE” or the “Company”) (OTCQB: CTGO) announced today that stockholders of record at the close of business on November 6, 2020 are entitled to notice of and vote at the 2020 virtual annual meeting of stockholders of the Company. Stockholders of the Company are invited to attend the annual meeting virtually on Friday, December 11, 2020 at 10:30 a.m., Central Time.

Stockholders will be asked to (i) elect a Board of Directors to serve until the next annual meeting of stockholders, (ii) ratify the appointment of Moss Adams LLP as the Company’s independent auditors for fiscal year 2021, (iii) approve an amendment to the Company’s Certificate of Incorporation that will increase the number of authorized shares of its common stock from 30,000,000 shares to 45,000,000 shares, (iv) ratify and approve, on a non-binding, advisory, basis, the compensation of the Company’s named executive officers, (v) vote, on a non-binding, advisory, basis, on the frequency of the advisory vote on the compensation of the Company’s named executive officers, and (vi) grant discretionary authority to the chairman of the annual meeting to adjourn the annual meeting, if necessary, to solicit additional proxies. Please refer to the Definitive Proxy that was filed with the Securities and Exchange Commission on November 9, 2020 and mailed to stockholders on or about November 11, 2020, for more details on the proposals. Stockholders of the Company may cast one vote for each share of common stock that they own as of the record date.

The Company also announced that it filed its Form 10-Q for the quarter ended September 30, 2020 with the Securities and Exchange Commission on November 13, 2020.

The Company reported a net income of $33.4 million or $5.09 per basic and diluted share for the three months ended September 30, 2020, compared to a loss of $1.9 million or $(0.29) per basic and diluted share for the same period last year. The increase is due to the gain on sale of a portion of the Company’s equity investment in Peak Gold, LLC (the “Joint Venture Company”) to an affiliate of Kinross Gold Corporation (“Kinross”) on September 30, 2020.

Rick Van Nieuwenhuyse, the Company’s President and CEO commented, “For the first time in the history of the Company, we have booked a significant profit and now have $33.0 million in cash on hand. The Company is well positioned to bring our 30% interest in the high quality Peak Gold Project to a production decision with our partners, Kinross and the Tetlin Alaska Native Tribe. We look forward to updating you on our progress.”

About CORE

CORE is a Houston-based company that engages in exploration for gold ore and associated minerals in Alaska through a 30% interest in the Joint Venture Company, which leases approximately 675,000 acres for exploration and development and through its wholly-owned subsidiary, Contango Minerals Alaska, LLC, which separately leases approximately 168,000 acres for exploration. Additional information can be found on our web page at www.contangoore.com.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements regarding CORE that are intended to be covered by the safe harbor “forward-looking statements” provided by the Private Securities Litigation Reform Act of 1995, based on CORE’s current expectations and includes statements regarding future results of operations, quality and nature of the asset base, the assumptions upon which estimates are based and other expectations, beliefs, plans, objectives, assumptions, strategies or statements about future events or performance (often, but not always, using words such as “expects”, “projects”, “anticipates”, “plans”, “estimates”, “potential”, “possible”, “probable”, or “intends”, or stating that certain actions, events or results “may”, “will”, “should”, or “could” be taken, occur or be achieved). Forward-looking statements are based on current expectations, estimates and projections that involve a number of risks and uncertainties, which could cause actual results to differ materially from those, reflected in the statements. These risks include, but are not limited to: the risks of the exploration and the mining industry (for example, operational risks in exploring for, developing mineral reserves; risks and uncertainties involving geology; the speculative nature of the mining industry; the uncertainty of estimates and projections relating to future production, costs and expenses; the volatility of natural resources prices, including prices of gold and associated minerals; the existence and extent of commercially exploitable minerals in properties acquired by CORE or the Joint Venture Company; ability to realize the anticipated benefits of the recent transactions with an affiliate of Kinross Gold Corporation; disruption from the transactions and transition of the Joint Venture Company’s management to an affiliate of Kinross Gold Corporation, including as it relates to maintenance of business and operational relationships; potential delays or changes in plans with respect to exploration or development projects or capital expenditures; the interpretation of exploration results and the estimation of mineral resources; the loss of key employees or consultants; health, safety and environmental risks and risks related to weather and other natural disasters); uncertainties as to the availability and cost of financing; inability to realize expected value from acquisitions; inability of our management team to execute its plans to meet its goals; extent of disruptions caused by the COVID-19 outbreak; and the possibility that government policies may change or governmental approvals may be delayed or withheld, including the inability to obtain any mining permits. Additional information on these and other factors which could affect CORE’s or the Joint Venture Company’s exploration program or CORE’s financial results are included in CORE’s other reports on file with the Securities and Exchange Commission. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from the projections in the forward-looking statements. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made. CORE does not assume any obligation to update forward-looking statements should circumstances or management’s estimates or opinions change.

Contango ORE, Inc.

Rick Van Nieuwenhuyse

(713) 877-1311

www.contangoore.com

KEYWORDS: Texas United States North America

INDUSTRY KEYWORDS: Mining/Minerals Natural Resources

MEDIA:

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S&P Dow Jones Indices Announces Dow Jones Sustainability Indices 2020 Review Results

PR Newswire

NEW YORK and AMSTERDAM, Nov. 13, 2020 /PRNewswire/ — S&P Dow Jones Indices (“S&P DJI”), the world’s leading index provider, today announced the results of the annual Dow Jones Sustainability Indices (DJSI) rebalancing and reconstitution. The DJSI are float-adjusted market capitalization weighted indices that measure the performance of companies selected with environmental, social and governance (ESG) criteria.

Launched in 1999, the DJSI including the Dow Jones Sustainability™ World Index (DJSI World) were among the very first set of global indices to track the largest and leading sustainability-driven publicly listed companies. The DJSI World, for example, is comprised of corporate leaders in global sustainability as identified by SAM, now a part of S&P Global, and represents the top 10% of the largest 2,500 companies in the S&P Global Broad Market Index based on long-term economic and ESG factors.

As a result of this year’s review, the following top three largest companies based on free-float market capitalization have been added to and deleted from the DJSI World. All changes are effective on Monday,November 23, 2020.

Additions: Humana Inc, Ecolab Inc, Fast Retailing Co Ltd
Deletions: Alphabet Inc, Bank of America Corp1, United Parcel Service Inc2

The DJSI combine S&P DJI’s transparent rules-based index methodology with robust data from SAM’s Corporate Sustainability Assessment (CSA), an annual evaluation of companies’ sustainability practices. Each year, SAM evaluates more than 7,300 companies around the world, while the plan for 2020 is to evaluate more than 10,000. Furthermore, 2020 saw a record 19% increase in the number of companies actively completing the CSA which consists of a rigorous questionnaire assessing both public and non-public data submitted by participants.

Earlier this week, S&P Global announced that companies participating in the 2020 CSA will receive access to their S&P Global ESG Scores at the question level for the first time. Earlier this year, the DJSI methodology was updated to ensure that the indices continue to meet their stated objectives using a best-in-class approach whereby companies are scored based on a range of financially relevant and industry-specific ESG considerations.

The DJSI also include regional and country-level versions. The full results and list of DJSI constituents are available at https://www.spglobal.com/esg/csa/.

For more information about the DJSI methodology, please visit: www.spglobal.com/spdji.

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit: www.spglobal.com/spdji.

S&P DJI MEDIA CONTACTS:


[email protected] 

April Kabahar 
Head of Communications
New York, USA
(+1) 917 796 3121
[email protected]


Asti Michou

Communications Manager, EMEA
London, UK
+44 797 088 7863
[email protected]

1 Still member of DJSI World Enlarged and DJSI North America
2 Still member of DJSI World Enlarged and DJSI North America

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SOURCE S&P Dow Jones Indices

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Olympia Financial Group Inc. Announces Third Quarter 2020 Results

Olympia Financial Group Inc. Announces Third Quarter 2020 Results

CALGARY, Alberta–(BUSINESS WIRE)–
Olympia Financial Group Inc. (“Olympia”) (TSX:OLY) today announces its operating and financial results for the period ended September 30, 2020.

The unaudited condensed interim financial statements and notes, as well as management’s discussion and analysis, are now available on SEDAR (www.sedar.com).

Results from continuing operations for the period ended September 30, 2020 include the following (compared to continuing operations for the period ended September 30, 2019):

  • Earnings before income tax decreased 24% to $2.50 million from $3.27 million.
  • Total revenue decreased 6% to $11.33 million from $12.09 million, mainly as a result of a decreases in both service revenue and interest revenue. Service revenue decreased in the Private Health Services division, Registered Plans division and Currency and Global Payments division.
  • Service revenue decreased 3% to $8.43 million from $8.67 million, mainly due to a decrease in operating activities as a result of the COVID-19 pandemic. COVID-19 had the largest impact on the Private Health Services division, with revenue deceasing 9% compared to the previous year.
  • Olympia’s interest revenue and trust income are subject to fluctuations depending on account balances and changes in the Canadian prime rate. Interest revenue and trust income decreased 15% to $2.90 million from $3.42 million, mainly due to changes in the Canadian prime rate. The Canadian prime rate was 2.45% as at September 30, 2020, compared to 3.95% on September 30, 2019. With interest rates at historic lows, Olympia interest revenue is likely to continue to decrease as term deposits mature and are renewed at lower rates.
  • Direct and administrative expenses (excluding depreciation and amortization) decreased 3% to $8.62 million from $8.90 million, mainly due to decreases in commission expense, salaries, bonuses and wages.

The severity, duration and outcome of the COVID-19 pandemic and its long-term impact on Olympia remain uncertain. Management continues to focus on the safety of our people, connectivity of our customer base, compliance with guidelines and requirements issued by various governmental authorities, and continuity of other critical business operation.

About Olympia Financial Group Inc.

Olympia Financial Group Inc. (“OFGI”) conducts most of its operations through its wholly-owned subsidiary Olympia Trust Company, a non-deposit taking trust company. Olympia Trust Company is licensed to conduct trust activities in Alberta, British Columbia, Saskatchewan, Manitoba, Quebec, Newfoundland and Labrador, Prince Edward Island, New Brunswick and Nova Scotia. Olympia Trust Company administers self-directed registered plan accounts, provides currency exchange and payment services and corporate trust and transfer agency services. OFGI also offers private health services plans through its wholly-owned subsidiary Olympia Benefits Inc. and provides information technology services to exempt market dealers, registrants and issuers through its subsidiary Exempt Edge Inc.

OFGI’s common shares are listed on the Toronto Stock Exchange under the symbol “OLY”.

Olympia Financial Group Inc.

Rick Skauge, President and Chief Executive Officer

Gerhard Barnard, Vice-President, Finance and Chief Financial Officer

Phone: (403) 261-0900

Fax: (403) 265-1455

KEYWORDS: North America Canada

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

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WeissLaw LLP Reminds PRCP, DMYD, XLNX, and RESI Shareholders About Its Ongoing Investigations

PR Newswire

NEW YORK, Nov. 13, 2020 /PRNewswire/ —


If you own shares in any of the companies listed above and
would like to discuss our investigations or have any questions concerning
this notice or your rights or interests, please contact:


Joshua Rubin, Esq.


WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY  10036
(212) 682-3025
(888) 593-4771
[email protected]

Perceptron, Inc. (NASDAQ: PRCP)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Perceptron, Inc. (NASDAQ: PRCP) in connection with the proposed acquisition of the company by affiliates of Atlas Copco Group.  Under the terms of the agreement, PRCP shareholders will receive $7.00 in cash for each share of PRCP common stock that they own.  If you own PRCP shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: http://www.weisslawllp.com/prcp/  

dMY Technology Group, Inc. II
 (NYSE: DMYD)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of dMY Technology Group, Inc. II (NYSE: DMYD) in connection with the proposed merger with privately-held Genius Sports Group Limited (“GSG”).  Under the terms of the merger agreement, DMYD will acquire GSG through a reverse merger that will result in GSG becoming a public company traded on the New York Stock Exchange under a new ticker symbol.  If you own DMYD shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website:  https://www.weisslawllp.com/dmyd/ 

Xilinx, Inc. (NASDAQ: XLNX)  

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Xilinx, Inc. (NASDAQ: XLNX) in connection with the proposed acquisition of the company by Advanced Micro Devices, Inc. (“AMD”).  Under the terms of the merger agreement, XLNX shareholders will receive 1.7234 shares of AMD common stock for each share of XLNX common stack that they own, representing implied per-share merger consideration of $141.04 based upon AMD’s November 12, 2020 closing price of $81.84.   If you own XLNX shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website:   https://weisslawllp.com/xlnx/

Front Yard Residential Corporation (NYSE: RESI)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Front Yard Residential Corporation (NYSE: RESI) in connection with the proposed acquisition of the company by a partnership led by Pretium Partners, LLC and Ares Management Corporation.  Under the terms of the merger agreement, RESI shareholders will receive $13.50 per share in cash for each RESI share that they own.  If you own RESI shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://weisslawllp.com/resi/

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SOURCE WeissLaw LLP

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SHAREHOLDER ALERT: WeissLaw LLP Reminds MVC, MOBL, GMHI, and EIDX Shareholders About Its Ongoing Investigations

PR Newswire

NEW YORK, Nov. 13, 2020 /PRNewswire/ —


If you own shares in any of the companies listed above and
would like to discuss our investigations or have any questions concerning
this notice or your rights or interests, please contact:


Joshua Rubin, Esq.

WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
[email protected]

MVC Capital, Inc.
(NYSE: MVC)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of MVC Capital, Inc. (NYSE: MVC) in connection with the proposed acquisition of the company by Barings BDC, Inc. (“BBDC”). Under the terms of the acquisition agreement, MVC shareholders will receive 0.94024 shares of BBDC common stock and $0.39 in cash for each share of MVC common stock that they own, representing implied per-share merger consideration of approximately $8.18 based upon BBDC’s November 12, 2020 closing price of $8.28. If you own MVC shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: http://www.weisslawllp.com/mvc-capital-inc/

MobileIron, Inc
. (NASDAQ: MOBL)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of MobileIron, Inc. (NASDAQ: MOBL) in connection with the proposed acquisition of the company by Ivanti, Inc. Under the terms of the acquisition agreement, MOBL shareholders will receive $7.05 in cash for each share of MOBL common stock that they own. If you own MOBL shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: http://www.weisslawllp.com/mobl/

Gores Metropoulos Inc. (NASDAQ: GMHI)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Gores Metropoulos Inc. (NASDAQ: GMHI) in connection with the proposed merger of the company with Luminar Technologies, Inc (“Luminar”). Under the terms of the merger agreement, GMHI will acquire Luminar through a reverse merger, with Luminar surviving as a publicly-traded company. If you own GMHI shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://weisslawllp.com/gores-metropoulos-inc/

Eidos Therapeutics, Inc. (NASDAQ: EIDX)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Eidos Therapeutics, Inc. (NASDAQ: EIDX) in connection with the proposed interested-party acquisition of the company by BridgeBio Pharma, Inc. (“BridgeBio”). Under the terms of the acquisition agreement, EIDX shareholders can elect to receive either 1.85 shares of BridgeBio or $73.26 for each share of EIDX common stock that they own, subject to proration such that the aggregate cash portion will not exceed $175 million. If you own EIDX shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://weisslawllp.com/eidx/

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SOURCE WeissLaw LLP