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Altura Announces Fourth Quarter and Year End 2020 Results and Reserves


Altura Announces Fourth Quarter and Year End 2020 Results and Reserves
April 16, 2021 EnergyNow Media
CALGARY, AB, April 15, 2021 /CNW/ – Altura Energy Inc. (“Altura” or the “Company”) (TSXV: ATU) is pleased to announce its financial and operating results for the fourth quarter and year ended December 31, 2020 and the independent evaluation of the Company’s oil and natural gas reserves (the “McDaniel Report”), effective December 31, 2020, as prepared by McDaniel and Associates Consultants Ltd. (“McDaniel”). The audited consolidated financial statements and related management’s discussion and analysis (“MD&A”) for the year ended December 31, 2020 are available on SEDAR at www.sedar.com and on Altura’s website at www.alturaenergy.ca. Selected financial and operating information for the fourth quarter and year ended December 31, 2020 appear below and should be read in conjunction with the related financial s ....

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Smiths Falls business facing pandemic crunch as sales drop 70 per cent


 
SMITHS FALLS
A small food manufacturing business in Smiths Falls says they are facing closure due to the second wave of the pandemic.
Wonton Crunch says their sales are down 70 per cent right now, and they can’t afford to make the monthly payments on their loan from the Business Development Bank of Canada (BDC).
We dropped from an average of $40,000 in sales to between three and five thousand dollars in sales monthly right now, says owner Prim Singh. The restaurants are about 70 per cent of our business.
Wonton Crunch has been paying off a loan of about $140,000 from the BDC since about 2015. Singh says the second wave of the pandemic is hitting small business harder, and the circumstances imposed by the BDC are not making it any easier. ....

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