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GVIC Communications Corp. (GCT-C.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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0.20000.0000 (0.00%)
At close: 9:30AM EST
Full screen
Previous Close0.2000
Open0.2000
Bid0.2050 x 0
Ask0.2500 x 0
Day's Range0.2000 - 0.2000
52 Week Range0.0450 - 0.2750
Volume4,000
Avg. Volume5,408
Market Cap60.716M
Beta (5Y Monthly)-0.12
PE Ratio (TTM)N/A
EPS (TTM)-0.0710
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateJun. 10, 2015
1y Target EstN/A
  • GlobeNewswire

    Glacier Media Offers to Acquire Shares of GVIC Not Already Owned

    VANCOUVER, British Columbia, Jan. 12, 2021 (GLOBE NEWSWIRE) -- GVIC Communications Corp. (“GVIC” or the “Company”) announced that Glacier Media Inc. (“Glacier”) has offered to acquire all of the Class B voting and Class C non-voting shares not currently held by Glacier and its subsidiary.Under the offer, each GVIC shareholder will receive 0.8 Glacier common shares for each Class B or Class C GVIC share held.An independent special committee of the board of directors of GVIC has been formed to review the transaction offered by Glacier and determine whether it is in the best interest of the Company and shareholders. An independent financial advisor and legal counsel have been retained by the special committee.The transaction will be subject to certain conditions, including the review and favorable recommendation by the special committee, boards of directors approvals, approval by the shareholders of the Company and the negotiation of a definitive agreement. Any definitive agreement is expected to contain customary closing conditions. There can be no assurance that any transaction will be consummated or will be consummated on the terms described in this news release.Related announcements will be made as and when appropriate. GVIC shareholders do not need to take any action at this time.Shares in GVIC are traded on the Toronto Stock Exchange under the symbol GCT.For further information please contact Mr. Orest Smysnuik, Chief Financial Officer, at 604-708-3264.About the CompanyGVIC Communications Corp. is an information & marketing solutions company pursuing growth in sectors where the provision of essential information and related services provides high customer utility and value. The Company’s products and services are focused in two areas: 1) data, analytics and intelligence; and 2) content & marketing solutions.Forward-Looking StatementsThis news release contains forward-looking statements that relate to, among other things, the Company’s objectives, goals, strategies, intentions, plans, beliefs, expectations and estimates. These forward-looking statements include, among other things, statements relating to our expectations regarding the terms of and the completion of the transaction. These forward-looking statements are based on certain assumptions, including the successful negotiation and execution of a definitive agreement with Glacier in respect of the transaction and the satisfaction of the conditions precedent to the completion of the proposed transaction, which are subject to risks, uncertainties and other factors which may cause results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements, and undue reliance should not be placed on such statements.Important factors that could cause actual results to differ materially from these expectations include failure to successfully negotiate and execute the definitive agreement with Glacier in respect of the transaction, failure to satisfy the conditions precedent to the completion of the transaction, failure to implement or achieve the intended results from cost reduction and marketing initiatives, the failure to resolve intercompany loans and the other risk factors listed in our Annual Information Form under the heading “Risk Factors” and in our MD&A under the heading “Business Environment and Risks”, many of which are out of our control. These other risk factors include, but are not limited to, the impact of Coronavirus, that future cash flow from operations and the availability under existing banking arrangements are believed to be adequate to support financial liabilities and that the Company expects to be successful in its objection with CRA, the ability of the Company to sell advertising and subscriptions related to its publications, foreign exchange rate fluctuations, the seasonal and cyclical nature of the agricultural and energy sectors, discontinuation of government grants, general market conditions in both Canada and the United States, changes in the prices of purchased supplies including newsprint, the effects of competition in the Company’s markets, dependence on key personnel, integration of newly acquired businesses, technological changes, tax risk, financing risk, debt service risk and cybersecurity risk.The forward-looking statements made in this news release relate only to events or information as of the date on which the statements are made. Except as required by law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

  • GlobeNewswire

    GVIC Communications Corp. Reports Results of Annual General Meeting

    VANCOUVER, British Columbia, Dec. 18, 2020 (GLOBE NEWSWIRE) -- GVIC Communications Corp. (“GVIC” or the “Company”) reports the voting results of the Annual General Meeting of its shareholders held on December 18, 2020 in Vancouver, British Columbia. The following four nominees were re-elected as directors of the Company by the following votes:NomineeVotes ForPercentVotes WithheldPercent Jonathon J.L. Kennedy3,596,18799.99%1620% Bruce W. Aunger3,596,29399.99%560% Richard C. Whittall3,596,29399.99%560% Brian D. McChesney3,596,33299.00%170% In addition, PricewaterhouseCoopers, LLP, Chartered Accounts was re-appointed as the auditor for the Company.Shares in GVIC are traded on the Toronto Stock Exchange under the symbol GCT.For further information please contact Mr. Orest Smysnuik, Chief Financial Officer, at 604-708-3264.About the Company: GVIC Communications Corp. is an information & marketing solutions company pursuing growth in sectors where the provision of essential information and related services provides high customer utility and value. GVIC’s strategy is implemented through two operational areas: 1) data, analytics and intelligence; and 2) content and marketing solutions.

  • GlobeNewswire

    GVIC Acquires GeoSearch

    VANCOUVER, British Columbia, Dec. 01, 2020 (GLOBE NEWSWIRE) -- GVIC Communications Corp. (TSX: GCT) (“GVIC” or the “Company) announces that it has purchased the business assets of GeoSearch LLC (“GeoSearch”), a provider of environmental risk information based in Austin, Texas. The asset purchase was completed through ERIS Information Inc. and ERIS Information Limited Partnership (together “ERIS”), 55% owned subsidiaries of the Company. The acquisition of GeoSearch will strengthen ERIS’s US operations and improve the overall scale of its business. The acquisition broadens ERIS’ product offerings with additional proprietary data and historical products and allows the combined ERIS and GeoSearch business to be a single comprehensive resource for environmental risk information. All products and services will be available through a best-in-class web platform and native applications complemented by ERIS’s strong commitment to customer service.The GeoSearch acquisition also strengthens ERIS’s presence in the large markets of Texas and the Southern United States while broadening its customer base and growing its team. The Company’s share of the purchase price is CAD$8.2 million, with CAD$2.0 million payable at closing, and the remaining CAD$6.2 million payable over four years.  The upfront portion of the purchase price will be funded with cash on hand.  The remainder will be funded in part through cash flow from the business.  The Company also has CAD$7.5 million coming due over the next three years (April 2021 to April 2023) from the vendor take-back receivable from its 2019 sale of Fundata. ABOUT GEOSEARCHGeoSearch is a leading provider of environmental risk information in the United States and supports its customers by supplying fast, accurate, innovative tools and reports to assess and manage environmental risk. GeoSearch has a strong market position in the southwest and southeast of the United States and has a developed a reputation for high-quality historical data and customized reports. GeoSearch also provides specialized risk information targeted at the oil and gas and well water industries servicing its primary markets. For more information, visit geo-search.com.ABOUT ERISERIS has been providing critical environmental risk and historical information for residential, commercial and industrial properties since 1999. ERIS now serves the USA, Canada, and Mexico and has global alliances in the UK, Germany, Austria, Australia, New Zealand and Japan. For more information, visit erisinfo.com.For further information concerning this press release, please contact Mr. Orest Smysnuik, Chief Financial Officer, at 604-708-3264.ABOUT THE COMPANYGVIC is an information & marketing solutions company pursuing growth in sectors where the provision of essential information and related services provides high customer utility and value. GVIC’s strategy is implemented through two operational areas: 1) data, analytics and intelligence; and 2) content and marketing solutions.CAUTIONARY NOTE CONCERNING FORWARD-LOOKING STATEMENTS This news release contains forward‐looking statements that relate to, among other things, GVIC’s objectives, goals, strategies, intentions, plans, beliefs, expectations and estimates. These statements involve known and unknown risks, uncertainties and other factors, including the results and synergies of an acquired business, the achievement of improved operating margins, improved scale of business, the broadening of customer base and the strengthening of its business, which may cause actual results, performance or achievements of the Company to be materially different (either positively or negatively) from any future results, performance or achievements expressed or implied by such forward-looking statements. Readers should refer to the risks discussed in the Company’s Annual Information Form under the heading “Risk Factors”, MD&A under the heading “Business Environment and Risks”, and subsequent continuous disclosure filings with the Canadian Securities Administrators available at www.sedar.com. Except as required by law, GVIC undertakes no obligation to update or revise publicly any forward‐looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.