Fab-Form Announces 2023 First Quarter Results and Operational Update on Fast-Tube
Delta, British Columbia--(Newsfile Corp. - May 29, 2023) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form") releases 2023 first quarter results. The Company generated a net profit of $111,922 for the quarter compared to a net profit of $223,002 in the previous year as a result of a decrease in sales of 37.85%. The performance of Q1 was expected due to the contraction in the housing market as a result of higher interest rates. However, sales have picked up in April, with demand similar to Q2...
2023-05-29 10:00 AM EDT
Fab-Form Announces Change of Year-End to 30th June
Delta, British Columbia--(Newsfile Corp. - May 5, 2023) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form") today announces that its Board of Directors has approved a change in Fab-Form's fiscal year end from December 31 to June 30. This change in fiscal year end from December 31 to June 30 is being made to better align Fab-Form's reporting calendar. We received the required approval from the tax authorities to affect the change. Fab-Form's latest financial year ended on 31 December 2022. The...
2023-05-05 5:37 PM EDT
Fab-Form Releases Financial Results for 2022 Financial Year
Delta, British Columbia--(Newsfile Corp. - April 28, 2023) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form") releases year end results. Fab-Form achieved a record $6.1Mn in sales in 2022 with a net profit after taxes of $1.25Mn. Cash generated from operations in 2022 was $1.6Mn. Total liquid funds increased to $2.8Mn from 1.5Mn in 2021. Excess funds were placed in short term investments, which will generate additional interest income in 2023. Supply chain challenges were normalized, and...
2023-04-28 9:00 PM EDT
Fab-Form Ranks Among Top 50 Performing Companies on the 2023 TSX Venture 50
Delta, British Columbia--(Newsfile Corp. - February 21, 2023) - FAB-FORM INDUSTRIES LTD. (TSXV: FBF) ("Fab-Form" or the "Company") is pleased to announce that it has been named as one of the top performers on the TSX Venture Exchange. The 2023 TSX Venture 50® celebrates the strongest performances on the TSX Venture Exchange (the "TSXV" or "the Exchange") over the last year. Comprised of 10 companies across five sectors: energy, mining, clean technology and life sciences, diversified...
2023-02-21 7:45 AM EST
Fab-Form Industries Ltd. Announces Completion of Shares for Debt Settlement
Delta, British Columbia--(Newsfile Corp. - December 7, 2022) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form") is pleased to report that, pursuant to its November 23, 2022, news release, it has completed shares for debt settlement of $123,040.56 by issuing 90,471 common shares at a deemed price of $1.36 per share. The securities issued are subject to a four-month and one day hold period, expiring on 08 April 2023. Insiders acquired 39,311 shares under this arrangement and, accordingly, the...
2022-12-07 6:17 PM EST
Fab-Form Industries Ltd Announces Shares for Debt Settlement of $123,040.56
Delta, British Columbia--(Newsfile Corp. - November 23, 2022) - Fab-Form Industries Ltd. (TXSV: FBF) ("Fab-Form") is arranging shares for debt settlement consisting of 90,471 shares, priced at $1.36 per share. The arrangement is a settlement of compensation owed to non-arm's length parties under section of 6.3 under Regulation 61-101. Pursuant to the terms and subject to the conditions of the agreements with the creditors/non-arm's length parties (the "Debt Settlement Agreements"), the...
2022-11-23 7:38 PM EST
Fab-Form Releases Third Quarter 2022 Financial Results
Delta, British Columbia--(Newsfile Corp. - November 22, 2022) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form") releases its third quarter results. The third quarter was another strong period with record revenue, profit from operations, and net cash generated. Operating margins remained above 35%, with total cash in hand ending at $2.87Mn. Total earnings for the third quarter increased 33% compared to 2021. The total earnings for the nine months ended 30 September 2022 increased to...
2022-11-22 8:06 PM EST
Fab-Form Industries Ltd Entered into a Fabric Development Agreement with Hagihara Industries Inc.
Delta, British Columbia--(Newsfile Corp. - November 24, 2021) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form") has entered into a Fabric Development Agreement ("Agreement") with Hagihara Industries Inc ("Hagihara"), a company domiciled in Kurashiki City, Japan. This Agreement will enable both companies to research, test and develop a unique fabric optimized for the Fast-Tube fabric column form. Concrete pressures in the fabric form induce tensile force in the weft direction only, not in...
2021-11-24 1:37 PM EST
Fab-Form Industries Ltd Announces Its Completion of Shares for Debt Settlement
Delta, British Columbia--(Newsfile Corp. - October 28, 2021) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form") is pleased to report that, pursuant to its October 18, 2021 news release, it has completed shares for debt settlement of $144,089.55 by issuing 261,981 common shares at a deemed price of $0.55 per share. The securities issued are subject to a four-months hold period expiring on 28 February 2022. Insiders purchased 127,111 shares and, accordingly, the shares for debt settlement is a...
2021-10-28 6:28 PM EDT
Fab-Form Industries Ltd Announces Shares for Debt Settlement of $144,089.55.
Delta, British Columbia--(Newsfile Corp. - October 18, 2021) - Fab-Form Industries Ltd (TSXV: FBF) ("the Company") announces shares for debt settlement of $144,089.55. The Company arranging shares for debt settlement consisting of 261,981 shares, priced at 0.55 per share. The funds conserved from the arrangement will be used for; the research and development of optimized fabric for Fast-Tube® which will include travelling and related testing costs; to replace the existing Fastfoot machinery...
2021-10-18 9:29 PM EDT
Fab-Form Announces Completion of Private Placement
Delta, British Columbia--(Newsfile Corp. - February 21, 2018) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form") is pleased to announce it has completed a non-brokered private placement with accredited investors, directors and officers of Fab-Form (the "Insiders"), family members, employees, close friends and business associates by issuing a total of 702,710 common shares at $0.50 per share, for total gross proceeds of $351,355. The securities issued in the private placement are subject to a...
2018-02-21 2:41 PM EST
Fab-Form Announces $500,000 Private Placement
Delta, British Columbia--(Newsfile Corp. - October 31, 2017) - Fab-Form Industries Ltd. (TSXV: FBF) ("Fab-Form" or the "Company") is pleased to announce its intention to complete a non-brokered private placement of up to 1,000,000 units of the Company (the "Units") at a subscription price of $0.50 per Unit for aggregate gross proceeds of up to $500,000 (the "Private Placement"). Each Unit will consist of one common share of the Company (each, a "Common Share"). All securities issued will be...
2017-10-31 4:00 AM EDT