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...
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...
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...
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...
2021-05-19 6:00 AM EDT
Zedcor Inc. Announces 2020 Year End Results and Continued Expansion of MobileyeZ Fleet
Calgary, Alberta--(Newsfile Corp. - April 9, 2021) - Zedcor Inc. (TSXV: ZDC) (the "Company") today announced its financial and operating results for the year ended December 31, 2020 and continued expansion of its MobileyeZ fleet of security towers, including investment in environmentally friendly options.Expansion of MobileyeZ fleet:Due to increased customer demand, the Company continues to innovate and invest in its fleet of security towers, including investment in environmentally friendly...
2021-04-09 7:11 PM EDT
Zedcor Inc. Signs 21-Month, $1.8 Million Agreement with a Construction Partnership to Provide Hybrid MobileyeZ Security Towers
Calgary, Alberta--(Newsfile Corp. - February 17, 2021) - Zedcor Inc. (TSXV: ZDC) (the "Company" or "Zedcor"), a leading provider of strategic security solutions and remote video surveillance systems, is pleased to announce that it has entered into a rental and service agreement with a large engineering and construction joint venture (the "JV"). Zedcor, through its wholly-owned operating subsidiary, Zedcor Security Solutions Corp., will provide the JV with the rental of up to 15 of Zedcor's...
2021-02-17 6:30 AM EST
Zedcor Inc. Signs Two Year, $14 Million Agreement for Deployment of 100 Hybrid MobileyeZ Security Towers
Calgary, Alberta--(Newsfile Corp. - January 19, 2021) - Zedcor Inc. (TSXV: ZDC) (the "Company" or "Zedcor"), a leading provider of strategic security solutions and remote video surveillance systems, is pleased to announce that it has entered into a rental and service agreement with a major pipeline contractor. Zedcor, through its wholly-owned operating subsidiary, Zedcor Security Solutions Corp., will provide the pipeline contractor with the rental and service of up to 100 of Zedcor's Hybrid...
2021-01-19 7:30 AM EST
Zedcor Inc. Announces Stock Option Grant
Calgary, Alberta--(Newsfile Corp. - December 8, 2020) - Zedcor Inc. (TSXV: ZDC) (the "Company" or "Zedcor") announces that today options to purchase 225,000 common shares of the Company were granted to directors of the Company, with an exercise price of $0.15 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...
2020-12-08 7:00 PM EST
Zedcor Inc. Announces Expansion and Extension of Credit Facility
Calgary, Alberta--(Newsfile Corp. - December 4, 2020) - Zedcor Inc. (TSXV: ZDC) (the "Company" or "Zedcor") is pleased to announce that the Company has entered into an amended and restated loan and security agreement (the "Agreement") with Maynbridge Capital Inc. (the "Lender") in the principal amount of $17.3 million. The Agreement consolidates the Company's existing term loans into a single loan facility that will be amortized over five years and is fully committed until January 1, 2023,...
2020-12-04 3:04 PM EST
Zedcor Inc. Reports Third Quarter Results
Calgary, Alberta--(Newsfile Corp. - November 17, 2020) - Zedcor Inc. (TSXV: ZDC) (the "Company") today announced its financial and operating results for the three and nine months ended September 30, 2020 and 2019.Amounts in the following tables and associated discussions are presented in thousands of dollars, except for per share amounts and percentages.Highlights
2020-11-17 8:25 PM EST
Zedcor Energy Inc. Announces Corporate Name Change to Zedcor Inc.
Calgary, Alberta--(Newsfile Corp. - September 17, 2020) - Zedcor Energy Inc. (TSXV: ZDC) (the "Company") is pleased to announce that at the Annual and Special Meeting of the shareholders of the Company held on September 17, 2020, the proposed name change of the Company to Zedcor Inc. was approved.This name change better reflects the Company's overall service offering and diversification of its revenue streams away from traditional energy services markets. Zedcor Inc., with its operating...
2020-09-17 5:00 PM EDT
Zedcor Energy Inc. Announces Completed Retrofit of Security Tower Fleet and Reports Second Quarter Results, Including Adjusted EBITDA of $901,000
Calgary, Alberta--(Newsfile Corp. - August 13, 2020) - Zedcor Energy Inc. (TSXV: ZDC) (the "Company") today announced that it has completed retrofitting its solar hybrid light tower fleet with high resolution security cameras as a result of increased customer demand. The retrofitted security towers can be marketed to a broader customer base outside the Company's traditional markets. Zedcor also reported operational and financial results for the three and six months ended June 30, 2020 and...
2020-08-13 8:08 PM EDT
Zedcor Energy Inc. Announces Cancellation of Certain Stock Options
Calgary, Alberta--(Newsfile Corp. - June 22, 2020) - Zedcor Energy Inc. (TSXV: ZDC) (the "Company" or "Zedcor") announces that Zedcor has cancelled a total of 1,525,000 incentive stock options granted under its Stock Option Plan to certain officers, employees and consultants who have voluntarily returned these stock options to the Company. The cancelled options were granted from February 5, 2016 to April 3, 2018 and were exercisable at prices ranging from $0.25 to $0.50 for a period of...
2020-06-22 7:00 PM EDT
Zedcor Energy Inc. Announces Stock Option Grant
Calgary, Alberta--(Newsfile Corp. - May 28, 2020) - Zedcor Energy Inc. (TSXV: ZDC) (the "Company" or "Zedcor") announces that today options to purchase 2,890,000 common shares of the Company were granted to officers and employees of the Company, with an exercise price of $0.15 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...
2020-05-28 7:00 PM EDT
Zedcor Energy Inc. Announces 2020 First Quarter Results
Calgary, Alberta--(Newsfile Corp. - May 19, 2020) - Zedcor Energy Inc. (TSXV: ZDC) (the "Company") today announced its financial and operating results for the three months ended March 31, 2020 and 2019.Amounts in the following tables and associated discussions are presented in thousands of dollars, except for per share amounts and percentages.HighlightsThree months ended March 31(in $000s)
2020-05-19 8:30 PM EDT
Zedcor Energy Inc. Announces 2019 Year End Results and Salary Reductions
Calgary, Alberta--(Newsfile Corp. - April 7, 2020) - Zedcor Energy Inc. (TSXV: ZDC) (the "Company") provided a series of announcements today, including 2019 year end results and salary reductions.Salary Reductions:The Company is taking measures to improve its operational and financial performance under the current economic outlook while continuing to provide essential services to customers. Fixed operating costs, along with general and administrative costs are being reduced throughout the...
2020-04-07 7:21 PM EDT
Zedcor Energy Inc. Announces Warrant Grant
Calgary, Alberta--(Newsfile Corp. - January 10, 2020) - Zedcor Energy Inc. (TSXV: ZDC) (the "Company" or "Zedcor") announces that pursuant to the previously announced Amended Loan and Security Agreement entered into with Maynbridge Capital Inc. ("Maynbridge") on December 31, 2019, an additional 112,565 common share purchase warrants ("Warrants") were issued to Maynbridge, each such Warrant being exercisable to purchase one common share of the Company ("Common Share") at an exercise price of...
2020-01-10 1:37 PM EST
Zedcor Energy Inc. Announces Financing Extension
Calgary, Alberta--(Newsfile Corp. - January 1, 2020) - Zedcor Energy Inc. (TSXV: ZDC) (the "Company" or "Zedcor") is pleased to announce that effective December 31, 2019, the Company, as borrower, has entered into an amended and restated loan and security agreement (the "Agreement") with Maynbridge Capital Inc. (the "Lender") to extend the maturity date of the agreement to March 25, 2021 in the principal amount of $12,107,975. The current loan amount reflects a repayment of debt since March...
2020-01-01 7:00 PM EST
Zedcor Energy Inc. Announces 2019 Third Quarter Results
Calgary, Alberta--(Newsfile Corp. - November 12, 2019) - Zedcor Energy Inc. (TSXV: ZDC) (the "Company") today announced its financial and operating results for the three and nine months ended September 30, 2019.Amounts in the following tables and associated discussions are presented in thousands of dollars, except for per share amounts and percentages.HighlightsThree months ended Sept. 30
2019-11-12 6:30 PM EST
Zedcor Energy Inc. Announces Extension and Amendment of the ATB Financial Credit Facility
Calgary, Alberta--(Newsfile Corp. - September 27, 2019) - Zedcor Energy Inc. (TSXV: ZDC) (the "Company" or "Zedcor") is pleased to announce that effective September 26, 2019, it has amended and restated the $13.5 million credit facility with ATB Financial to reflect the following changes; The maturity date of the $2.5 million non-revolving term loan facility has been extended to March 15, 2021. The $8 million equipment finance loan which was used to finance 75% of the purchase of...
2019-09-27 6:30 PM EDT