Exploration Orbite V (EORBF) 0.2450 $EORBF
Orbite Closes a $5 Million Debt Financing with Investissement Quebec
Marketwired - Wed Jun 01, 7:31AM CDT
MONTREAL, QUEBEC--(Marketwired - Jun 1, 2016) - Orbite Technologies Inc. (TSX:ORT)(OTCQX:EORBF) ("Orbite" or the "Company"
further to its press releases of April 27 and May 19, 2016, announced the closing of a debt financing in the amount of $5 million with Investissement Québec ("IQ", acting as agent of the Government of Québec.
ORT.TO: 0.31 (unch)
Orbite Closes a $5 Million Financing with Ressources Quebec
Marketwire Canada - Thu May 19, 3:10PM CDT
MONTREAL, QUEBEC--(Marketwired - May 19, 2016) - Orbite Technologies Inc. (TSX:ORT)(OTCQX:EORBF) ("Orbite" or the "Company" following its press release of April 27, 2016, announced the closing of an equity financing in the amount of $5 million with Ressources Québec inc. ("Ressources Québec", a subsidiary of Investissement Québec, acting as agent of the Government of Québec.
ORT.TO: 0.31 (unch)
Orbite Announces First Quarter 2016 Results
Marketwire Canada - Fri May 13, 6:30AM CDT
MONTREAL, QUEBEC--(Marketwired - May 13, 2016) - Orbite Technologies Inc. (TSX:ORT)(OTCQX:EORBF) ("Orbite", or the "Company" filed yesterday its financial statements for the first quarter ended March 31, 2016. The Company reported a loss before net finance expense (income) and taxes of $2.6 million for the quarter, up from $2.4 million for the comparable period in the prior year.
ORT.TO: 0.31 (unch)
Orbite Appoints Chief Operating Officer
Marketwire Canada - Thu May 12, 6:31AM CDT
MONTREAL, QUEBEC--(Marketwired - May 12, 2016) - Orbite Technologies Inc. (TSX:ORT)(OTCQX:EORBF) ("Orbite" or the "Company" today announces it has appointed Charles Taschereau as Vice-President and Chief Operating Officer (COO) for the Company, effective June 6, 2016.
ORT.TO: 0.31 (unch)
Orbite Receives First Instalment of 2014 Investment Tax Credits
Marketwire Canada - Wed May 11, 6:31AM CDT
MONTREAL, QUEBEC--(Marketwired - May 11, 2016) - Orbite Technologies Inc. (TSX:ORT)(OTCQX:EORBF) ("Orbite" or the "Company" today announced that it received a first payment in the amount of $3.2 million from tax authorities in Quebec for investment tax credits ("ITC" relating to equipment purchased for manufacturing and processing in the Gaspe region during the 2014 financial year. This ITC payment represents approximately 80% of the $4.0 million of ITCs expected to be received for 2014, while the Company has received 100% of the ITCs for the 2012 and 2013 financial years.
ORT.TO: 0.31 (unch)
Orbite Technologies to Host First Quarter 2016 Investor Conference Call and Webcast on May 13, 2016
Marketwire Canada - Tue May 10, 6:30AM CDT
MONTREAL, QUEBEC--(Marketwired - May 10, 2016) - Orbite Technologies Inc. (TSX:ORT)(OTCQX:EORBF) ("Orbite" or the "Company" today announced that it will hold a conference call to discuss its fiscal 2016 first quarter results on Friday, May 13, 2016 at 10:00 a.m. (EDT). Participants will be able to dial in or listen to the call via webcast. The call will be hosted by Glenn Kelly, President and CEO, and Jacques Bédard, Vice President Finance & CFO. The Company expects to report its financial results for the first quarter on Friday, May 13, 2016 before markets open.
ORT.TO: 0.31 (unch)
Orbite Closes First $4.9 Million Financing from Investissement Quebec
Marketwire Canada - Thu May 05, 6:31AM CDT
MONTREAL, QUEBEC--(Marketwired - May 5, 2016) - Orbite Technologies Inc. (TSX:ORT)(OTCQX:EORBF) ("Orbite" or the "Company" today announced that, further to its press release issued on April 27, 2016, Investissement Québec has concluded with Orbite a $4.9 million bridge loan collateralized against the Company's investment tax credits receivable ("ITC" for the 2016 financial year which are expected to total $6.5 million. A first installment of $2.3 million has been received to date, while the balance of the loan will be disbursed as the capital expenditures underlying the ITCs are expended by the Company.
ORT.TO: 0.31 (unch)
Orbite Announces a $15M Financing From the Government
Marketwired - Wed Apr 27, 6:30AM CDT
Orbite Technologies Inc. (TSX: ORT)(OTCQX: EORBF) ("Orbite" or the "Company" today announces that it has entered into a letter of intent with Investissement Quebec, acting as mandatory of the Government of Quebec, whereby Investissement Quebec has agreed to provide the Company with an aggregate financing of $15 million (the "Financing". The Financing is expected to be comprised of the purchase of 10% convertible non-secured debentures (the "Debentures" in the principal amount of $5 million, the purchase of class A shares of the Company in the amount of $5 million, together with the grant of a $4.9 million bridge loan secured by the Company's 2016 refundable investment tax credits ("ITC".
ORT.TO: 0.31 (unch)
Orbite Announces Fourth Quarter and Full Year 2015 Results
Marketwired - Thu Mar 31, 6:31AM CDT
Orbite Technologies Inc. (TSX: ORT)(OTCQX: EORBF) ("Orbite", or the "Company" announced today the filing of its Financial Statements for the fourth quarter and year ended December 31, 2015. During the fourth quarter, the Company reported a loss before net finance expense (income) and taxes of $3.9 million, down 23.5% from $5.1 million for the same period in 2014. For the full year, loss before net finance expense (income) decreased by 13.9%, or $2 million, from $14.4 million to $12.4 million, as compared to fiscal 2014.
ORT.TO: 0.31 (unch)
Orbite Technologies to Host Fourth Quarter and Year-End 2015 Investor Conference Call and Webcast on March 31, 2016
Marketwire Canada - Thu Mar 24, 6:30AM CDT
Orbite Technologies Inc. (TSX:ORT)(OTCQX:EORBF) ("Orbite" or the "Company" today announced that it will hold a conference call to discuss its fiscal 2015 fourth quarter and year-end results on Thursday, March 31, 2016 at 10:00 a.m. (EDT). Participants will be able to dial in or listen to the call via webcast. The call will be hosted by Glenn Kelly, President and CEO, and Jacques Bedard, Vice President Finance & CFO. The Company expects to report its financial results for the fourth quarter and year end on Wednesday, March 30, 2016 after markets close.
ORT.TO: 0.31 (unch)
Orbite Provides Further Update on HPA Plant Financing, Completion and Commissioning
Marketwired - Mon Mar 21, 6:31AM CDT
Further to its press release of March 15, 2016, Orbite Technologies Inc. (TSX: ORT)(OTCQX: EORBF) ("Orbite" or the "Company" today provides a further update on the Company's progress towards plant completion and commissioning.
ORT.TO: 0.31 (unch)
Orbite Closes a $5 Million Debt Financing with Investissement Quebec
Marketwired - Wed Jun 01, 7:31AM CDT
MONTREAL, QUEBEC--(Marketwired - Jun 1, 2016) - Orbite Technologies Inc. (TSX:ORT)(OTCQX:EORBF) ("Orbite" or the "Company"
further to its press releases of April 27 and May 19, 2016, announced the closing of a debt financing in the amount of $5 million with Investissement Québec ("IQ", acting as agent of the Government of Québec. ORT.TO: 0.31 (unch)
Orbite Closes a $5 Million Financing with Ressources Quebec
Marketwire Canada - Thu May 19, 3:10PM CDT
MONTREAL, QUEBEC--(Marketwired - May 19, 2016) - Orbite Technologies Inc. (TSX:ORT)(OTCQX:EORBF) ("Orbite" or the "Company"
following its press release of April 27, 2016, announced the closing of an equity financing in the amount of $5 million with Ressources Québec inc. ("Ressources Québec", a subsidiary of Investissement Québec, acting as agent of the Government of Québec. ORT.TO: 0.31 (unch)
Orbite Announces First Quarter 2016 Results
Marketwire Canada - Fri May 13, 6:30AM CDT
MONTREAL, QUEBEC--(Marketwired - May 13, 2016) - Orbite Technologies Inc. (TSX:ORT)(OTCQX:EORBF) ("Orbite", or the "Company"
filed yesterday its financial statements for the first quarter ended March 31, 2016. The Company reported a loss before net finance expense (income) and taxes of $2.6 million for the quarter, up from $2.4 million for the comparable period in the prior year. ORT.TO: 0.31 (unch)
Orbite Appoints Chief Operating Officer
Marketwire Canada - Thu May 12, 6:31AM CDT
MONTREAL, QUEBEC--(Marketwired - May 12, 2016) - Orbite Technologies Inc. (TSX:ORT)(OTCQX:EORBF) ("Orbite" or the "Company"
today announces it has appointed Charles Taschereau as Vice-President and Chief Operating Officer (COO) for the Company, effective June 6, 2016. ORT.TO: 0.31 (unch)
Orbite Receives First Instalment of 2014 Investment Tax Credits
Marketwire Canada - Wed May 11, 6:31AM CDT
MONTREAL, QUEBEC--(Marketwired - May 11, 2016) - Orbite Technologies Inc. (TSX:ORT)(OTCQX:EORBF) ("Orbite" or the "Company"
today announced that it received a first payment in the amount of $3.2 million from tax authorities in Quebec for investment tax credits ("ITC" relating to equipment purchased for manufacturing and processing in the Gaspe region during the 2014 financial year. This ITC payment represents approximately 80% of the $4.0 million of ITCs expected to be received for 2014, while the Company has received 100% of the ITCs for the 2012 and 2013 financial years. ORT.TO: 0.31 (unch)
Orbite Technologies to Host First Quarter 2016 Investor Conference Call and Webcast on May 13, 2016
Marketwire Canada - Tue May 10, 6:30AM CDT
MONTREAL, QUEBEC--(Marketwired - May 10, 2016) - Orbite Technologies Inc. (TSX:ORT)(OTCQX:EORBF) ("Orbite" or the "Company"
today announced that it will hold a conference call to discuss its fiscal 2016 first quarter results on Friday, May 13, 2016 at 10:00 a.m. (EDT). Participants will be able to dial in or listen to the call via webcast. The call will be hosted by Glenn Kelly, President and CEO, and Jacques Bédard, Vice President Finance & CFO. The Company expects to report its financial results for the first quarter on Friday, May 13, 2016 before markets open. ORT.TO: 0.31 (unch)
Orbite Closes First $4.9 Million Financing from Investissement Quebec
Marketwire Canada - Thu May 05, 6:31AM CDT
MONTREAL, QUEBEC--(Marketwired - May 5, 2016) - Orbite Technologies Inc. (TSX:ORT)(OTCQX:EORBF) ("Orbite" or the "Company"
today announced that, further to its press release issued on April 27, 2016, Investissement Québec has concluded with Orbite a $4.9 million bridge loan collateralized against the Company's investment tax credits receivable ("ITC" for the 2016 financial year which are expected to total $6.5 million. A first installment of $2.3 million has been received to date, while the balance of the loan will be disbursed as the capital expenditures underlying the ITCs are expended by the Company. ORT.TO: 0.31 (unch)
Orbite Announces a $15M Financing From the Government
Marketwired - Wed Apr 27, 6:30AM CDT
Orbite Technologies Inc. (TSX: ORT)(OTCQX: EORBF) ("Orbite" or the "Company"
today announces that it has entered into a letter of intent with Investissement Quebec, acting as mandatory of the Government of Quebec, whereby Investissement Quebec has agreed to provide the Company with an aggregate financing of $15 million (the "Financing". The Financing is expected to be comprised of the purchase of 10% convertible non-secured debentures (the "Debentures" in the principal amount of $5 million, the purchase of class A shares of the Company in the amount of $5 million, together with the grant of a $4.9 million bridge loan secured by the Company's 2016 refundable investment tax credits ("ITC". ORT.TO: 0.31 (unch)
Orbite Announces Fourth Quarter and Full Year 2015 Results
Marketwired - Thu Mar 31, 6:31AM CDT
Orbite Technologies Inc. (TSX: ORT)(OTCQX: EORBF) ("Orbite", or the "Company"
announced today the filing of its Financial Statements for the fourth quarter and year ended December 31, 2015. During the fourth quarter, the Company reported a loss before net finance expense (income) and taxes of $3.9 million, down 23.5% from $5.1 million for the same period in 2014. For the full year, loss before net finance expense (income) decreased by 13.9%, or $2 million, from $14.4 million to $12.4 million, as compared to fiscal 2014. ORT.TO: 0.31 (unch)
Orbite Technologies to Host Fourth Quarter and Year-End 2015 Investor Conference Call and Webcast on March 31, 2016
Marketwire Canada - Thu Mar 24, 6:30AM CDT
Orbite Technologies Inc. (TSX:ORT)(OTCQX:EORBF) ("Orbite" or the "Company"
today announced that it will hold a conference call to discuss its fiscal 2015 fourth quarter and year-end results on Thursday, March 31, 2016 at 10:00 a.m. (EDT). Participants will be able to dial in or listen to the call via webcast. The call will be hosted by Glenn Kelly, President and CEO, and Jacques Bedard, Vice President Finance & CFO. The Company expects to report its financial results for the fourth quarter and year end on Wednesday, March 30, 2016 after markets close. ORT.TO: 0.31 (unch)
Orbite Provides Further Update on HPA Plant Financing, Completion and Commissioning
Marketwired - Mon Mar 21, 6:31AM CDT
Further to its press release of March 15, 2016, Orbite Technologies Inc. (TSX: ORT)(OTCQX: EORBF) ("Orbite" or the "Company"
today provides a further update on the Company's progress towards plant completion and commissioning. ORT.TO: 0.31 (unch)
