Zedcor Inc.

Recent News

  • Zedcor Inc. Announces New Term Loan and Equipment Financing

    Calgary, Alberta--(Newsfile Corp. - October 18, 2021) - Zedcor Inc. (TSXV: ZDC) (the "Company" or "Zedcor") is pleased to announce that, after discussing alternative competitive financing offers, the Company has entered into a new financing agreement with an Alberta based credit union that offered terms and conditions that most suited the Company's current needs and future growth plans. The agreement consists of:1) A $6.1 million term loan that is fully committed for five years....

    2021-10-18 7:00 AM EDT
  • Zedcor Inc. Announces Change of Auditor

    Calgary, Alberta--(Newsfile Corp. - October 8, 2021) - Zedcor Inc. (TSXV: ZDC) (the "Company" or "Zedcor") announced today that at the request of the Corporation, its former auditor, KPMG LLP ("Former Auditor"), has resigned effective October 8, 2021 and MNP LLP ("Successor Auditor") has been appointed as the successor auditor, effective the same day until the Corporation's next annual meeting of shareholders. The resignation of the Former Auditor and appointment of the Successor Auditor have been considered and approved...

    2021-10-08 8:05 PM EDT
  • Zedcor Inc. Announces a Stock Option Grant

    Calgary, Alberta--(Newsfile Corp. - August 26, 2021) - Zedcor Inc. (TSXV: ZDC) (the "Company" or "Zedcor") announces that options to purchase 150,000 common shares of the Company were granted to a director of the Company, with an exercise price of $0.305 per share. The options have been granted pursuant to the Company's 10% rolling stock option plan and will expire five years from the date of grant. All of the options will vest as to one third thereof on each...

    2021-08-26 8:00 PM EDT
  • Zedcor Inc. Announces Second Quarter Results for 2021

    Calgary, Alberta--(Newsfile Corp. - August 18, 2021) - Zedcor Inc. (TSXV: ZDC) (the "Company") today announced its financial and operating results for the three and six months ended June 30, 2021.Financial and Operating Results for the three and six months ended June 30, 2021:Three months ended June 30

    2021-08-18 10:10 PM EDT
  • Zedcor Inc. Completes Sale of Rentals Segment Assets for $11.3 Million; Appointment of Chief Operating Officer

    Calgary, Alberta--(Newsfile Corp. - June 30, 2021) - Zedcor Inc. (TSXV: ZDC) (the "Company" or "Zedcor") is pleased to announce that further to its press release dated May 27, 2021, it has completed the sale of its Rentals Segment assets to Maynbridge Capital Inc ("Maynbridge").Gross cash proceeds from the transaction were $11.3 million. This amount will be applied against Zedcor's indebtedness to Maynbridge. As a result of the transaction, the Company's outstanding debt to Maynbridge, which excludes amounts drawn on...

    2021-06-30 10:21 PM EDT
  • Zedcor Inc. Announces Appointment of Wade Felesky as Chairman of the Board and Stock Option Grant

    Calgary, Alberta--(Newsfile Corp. - May 31, 2021) - Zedcor Inc. (TSXV: ZDC) (the "Company" or "Zedcor") is pleased to that effective June 1, 2021, Wade Felesky will be appointed Chairman of the Board of Directors. Mr. Felesky has over 25 years of investment banking, financing and business experience. He has helped numerous companies raise debt and equity financing and will help Zedcor execute its strategy of expanding its security and surveillance business. Mr. Felesky's contacts, investment and...

    2021-05-31 7:09 PM EDT
  • Zedcor Inc. Enters into Agreement to Sell Rentals Segment Assets for $11.3 Million

    Calgary, Alberta--(Newsfile Corp. - May 27, 2021) - Zedcor Inc. (TSXV: ZDC) (the "Company" or "Zedcor") today announced it has entered into an agreement with a privately held company, controlled and owned by Maynbridge Capital Inc., to sell the assets of the Company's Rentals segment (the Rentals Assets") for cash proceeds of $11.3 million (the "Transaction").Transaction Details:In addition to the $11.3 million of cash proceeds, Zedcor will receive:a bonus payment of 35% for each dollar of earnings before interest, taxes,...

    2021-05-27 6:00 AM EDT
  • Zedcor Inc. Announces First Quarter Results for 2021 and Sale of Certain Rental Assets

    Calgary, Alberta--(Newsfile Corp. - May 19, 2021) - Zedcor Inc. (TSXV: ZDC) (the "Company") today announced its financial and operating results for the quarter ended March 31, 2021, sale of its rig mat rental fleet and certain other oilfield rental assets.Sale of Rig Mat Rental Fleet:During the quarter, the Company continued to divest under-utilized Rental segment assets. As a result of declining customer demand and rental rates, the Company made the strategic decision to divest its rig mat rental fleet. ...

    2021-05-19 6:00 AM EDT