Velan Inc.'s wholly owned subsidiary Velan ABV, located in Lucca, Italy, has been recently awarded important contracts for the supply of multiple packages of actuated and manual valves to MODEC Offshore Production Systems (Singapore) Pte. Ltd. These orders are added to those already acquired in the last 12 months for sales in excess of US$30 million and represent the continuation of Velan’s commitment and successes in FPSOs, one of the leading and most demanding O&G markets
MONTREAL--(BUSINESS WIRE)—Velan Inc. (TSX: VLN) (“Velan” or the “Company”) today announced that Rejean Ostiguy has informed the Company of his decision to resign as Chief Financial Officer, having accepted a leadership opportunity at a privately owned company. Velan has commenced a search to identify the Company’s next CFO. Mr. Ostiguy will remain in his role until January 22nd, after the release of Velan financial results for the third quarter.
Xổ số miền nam thứ 7 tuần trướcMONTREAL, July 17, 2020 -- Velan Inc. (TSX: VLN) (the “Company”), a world-leading manufacturer of industrial valves, is pleased to announce the completion and funding on July 8th 2020 of a new financing agreement with Bank of Montreal, acting as lead-arranger and sole bookrunner for the syndication of a new credit facility. Pursuant to this transaction, the Company and its US subsidiary company, Velan Valve Corp., refinanced its demand credit facilities and put in a place a new 3-year revolving facility of USD $65,000,000. The facility will be used for general corporate purposes and will provide the Company’s North American operations with the necessary liquidity to pursue its strategic objectives, including the V20 Transformation Plan.
Velan Inc. (TSX: VLN) (the “Company”), a world-leading manufacturer of industrial valves, announced today its financial results for its first quarter ended May 31, 2020.
Report to shareholders First quarter Three month period ended May 31, 2020
Velan Inc. (TSX: VLN) today announced that, on Wednesday, May 20th, 2020, it will release its 4th Quarter and annual results for the year ended February 29, 2020.
Velan Inc. (TSX: VLN) (the “Company”), a world-leading manufacturer of industrial valves, announced today its financial results for its third quarter ended November 30, 2019.