Elysee Development Corp. is pleased to announce its unaudited financial results for the three and nine months ended September 30, 2024 . All dollar amounts are in Canadian funds. Highlights from the Q3 2024 results include: Net income for Q3 2024 of $963,981 as compared to a net loss of $1,400,850 per share of $0.43 per share as of September 30, 2024 as compared to NAV of $0.39 as of December 31, 2023; and Cash on hand as [...]
Elysee Development Corp. is pleased to announce its unaudited financial results for the three and six months ended June 30, 2024 . All dollar amounts are in Canadian funds. During the six months ended June 30, 2024, the Company had net investment earnings of $163,709 compared to a loss of $223,818 during the same six-month period a year prior. After deducting general and administrative expenses of $227,072 the Company [...]
Elysee Development Corp. is pleased to announce that it has closed its previously announced non-brokered private placement of convertible debentures at a price of $1,000 per Convertible Debenture for gross proceeds of $2,000,000. The Convertible Debentures will mature on June 14, 2028 and bear interest at 8% per annum, payable quarterly with the first payment being for the period from June 14, 2024 to September 30, 2024 [...]
Elysee Development Corp. is pleased to announce a non-brokered private placement of convertible debentures for proceeds of up to $2,000,000 . The Convertible Debentures will mature on the date that is 48 months from the date of issuance and bear interest at 8% per annum, payable quarterly with the first payment being for the period from closing to September 30, 2024. At the option of the holder, the principal amount of [...]
Elysee Development Corp. announces today its intention to make a normal course issuer bid to purchase for cancellation, from time to time, as it considers advisable, up to 1,418,238 of its issued and outstanding common shares, being approximately 4.99% of the Company's currently outstanding common shares and approximately 6.39% of the Company's Public Float being 22,197,613 . The Bid will commence on May 13, 2024, and [...]
Elysee Development Corp. is pleased to announce its unaudited financial results for the three months ended March 31, 2024 . All dollar amounts are in Canadian funds. Highlights from the Q1 2024 results include: Net income of $278,436 in Q1 2024 as compared to $574,676 in Q1 2023; Total investment income of $394.915 in Q1 2024 as compared to $715,735 in Q1 2023; Net Asset Value per share increased to $0.40 per share as of [...]
Elysee Development Corp. wishes to announce its audited financial results for the year ended December 31, 2023 . All dollar amounts are in Canadian funds unless otherwise noted. Highlights of Fiscal 2023 results include: Net loss of $ 4,034,438 in FY 2023 as compared to a net loss of $2,328,192 in FY 2022, Net Asset Value as of December 31, 2023 of $0.39 per share; and Cash on hand as of December 31, 2023 of $849,798 [...]
Elysee Development Corp. is pleased to announce its unaudited financial results for the three and nine months ended September 30, 2023. All dollar amounts are in Canadian funds. During the nine months ended September 30, 2023, interest and dividend income of $452,017 and realized gains on marketable securities of $20,598 were offset by unrealized losses on marketable securities of $1,822,547 and a write-down on other [...]
Elysee Development Corp. is pleased to announce its unaudited financial results for the three and six months ended June 30, 2023 . All dollar amounts are in Canadian funds. During the six months ended June 30, 2023, realized losses of $22,341 and unrealized losses on marketable securities of $558,536 were offset by interest and dividend income of $370,852. After deducting general and administrative expenses of $278,404 [...]
Elysee Development Corp. is pleased to announce its unaudited financial results for the three months ended March 31, 2023 . All dollar amounts are in Canadian funds. Highlights from the Q1 2023 results include: Net income of $574,676 in Q1 2023 as compared to net income of $728,479 in Q1 2022; Total investment income of $715,735 in Q1 2023 as compared to $836,818 in Q1 2022; The announcement and accrual of a dividend for [...]
Elysee Development Corp. announces today its intention to make a normal course issuer bid to purchase for cancellation, from time to time, as it considers advisable, up to 1,422,530 of its issued and outstanding common shares, being approximately 4.99% of the Company's currently outstanding common shares and approximately 6.33% of the Company's Public Float . The Exchange has approved the commencement of the Bid. The Bid [...]
Elysee Development Corp. announces management changes that include the retirement of Stuart Rogers as President and Director of the Company and the appointment of Thibaut Lepouttre as a Director, effective immediately. Mr. Guido Cloetens, the current Chairman of Elysee, will become President and CEO with current Director, Martin Burian agreeing to serve as Chairman of the Board. Mr. Rogers has been a Director of the [...]
