Day: November 12, 2019

TORONTO, Nov. 12, 2019 (GLOBE NEWSWIRE) — Clairvest Group Inc. (TSX: CVG) today reported results for the fiscal 2020 second quarter and six months ended September 30, 2019. (All figures are in Canadian dollars unless otherwise stated)HighlightsSeptember 30, 2019 book value was $790.3 million or $52.35 per share versus $776.8 million or $51.32 per share as at June 30, 2019Net income for the quarter and for the six months ended September 30, 2019 was $15.5 million or $1.03 per share and $21.4 million or $1.42 per share, respectivelyClairvest and Clairvest Equity Partners V (“CEP V”) completed a combined £23.0 million equity investment in FSB Technology (UK) Ltd. (“FSB Technology”)Clairvest completed a US$11.2 million equity investment in SST Solar Holdings, Inc. (“SST”)Subsequent to quarter end, Clairvest and CEP V completed the sale...

WILMINGTON, Del., Nov. 12, 2019 (GLOBE NEWSWIRE) — WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, announced that effective January 1, 2020, Rodger Levenson will assume the role of Chairman of the Board of Directors, in addition to his role as President and CEO. Mark A. Turner will step aside from his role as Executive Chairman and remain on the Board as a Director.Lead Independent Director Eleuthère I. du Pont said, “Mark assumed the role of Executive Chairman on January 1, 2019, amidst WSFS’ efforts to close on the acquisition and integration of Beneficial Bank with several critical milestones ahead. With those milestones achieved and understanding Mark’s previously disclosed desire to explore and take on new challenges, the Board initiated the next phase of our succession plan by unanimously selecting...

Not for distribution to the U.S. news wire services, or dissemination in the United States.HONG KONG, Nov. 12, 2019 (GLOBE NEWSWIRE) — Primeline Energy Holdings Inc. (“Primeline” or the “Company”), listed on the TSX Venture Exchange Inc. (the “TSX-V”) under the trading symbol “PEH”, announced today that, through the continuing support of its Chairman and major shareholder, Mr. Victor Hwang, the maturity date of US$9,300,000 principal amount of bonds (the “2018 B Bonds”) issued to Primeline International (Holdings) Inc., a company wholly-owned by Mr. Hwang effective 12th November 2018 has been extended from 12th November 2019 to 12th November 2020.  Interest is payable on the 2018 B Bonds quarterly at 7% per annum, of which 4.5% is payable in cash and 2.5% in ordinary shares of Primeline (“Shares”) issued at a deemed price per Share...

VANCOUVER, British Columbia, Nov. 12, 2019 (GLOBE NEWSWIRE) — GVIC Communications Corp. (“GVIC” or the “Company”) reported revenue and earnings for the period ended September 30, 2019.SUMMARY RESULTSHIGHLIGHTS FOR THE PERIODConsolidated revenue for the period ending September 30, 2019 was $48.3 million, down $0.5 million or 0.9% from the same period in the prior year. Consolidated EBITDA was $2.3 million for the period, up $0.4 million or 21.2% from the same period in the prior year.Including the Company’s share of joint ventures and associates, revenue was $58.7 million, down $3.2 million or 5.1% and EBITDA was $3.6 million, down $1.1 million or 23.4%. The decreases were partially the result of the sale of Fundata in April 2019.Continued progress is being made evolving the business in key identified areas of focus within business...

VANCOUVER, British Columbia, Nov. 12, 2019 (GLOBE NEWSWIRE) — Glacier Media Inc. (“Glacier” or the “Company”) reported revenue and earnings for the period ended September 30, 2019.SUMMARY RESULTS(1) Certain results are presented to include the Company’s proportionate share of its joint venture and associate operations, as this is the basis on which management bases its operating decisions and performance. The Company’s joint ventures and associates include Continental Newspapers Ltd, Great West Newspapers Limited Partnership, the Victoria Times-Colonist, Rhode Island Suburban Newspapers, Inc., Village Media Inc. and Borden Bridge Development Corporation. These reported results have been reconciled to IFRS results in Management’s Discussion and Analysis (“MD&A”).(2) The Company sold its 50% interest in Fundata for $55.0 million...

CLEARFIELD, Pa., Nov. 12, 2019 (GLOBE NEWSWIRE) — CNB Financial Corporation (“CNB”) (NASDAQ: CCNE), the parent company of CNB Bank, announced today that it had filed a prospectus supplement to its existing shelf registration statement on Form S-3 relating to the sale of shares of its common stock having an aggregate value of up to $40,000,000 through an “at-the-market” equity offering program.CNB intends to use the net proceeds from the offering for general corporate purposes, including potential future acquisitions and to support organic growth. The shares will be offered through Keefe, Bruyette & Woods, Inc. as sales agent. The sales agent may sell shares of our common stock by any method permitted by law deemed to be an “at-the-market offering” as defined in Rule 415 of the Securities Act of 1933, as amended, including without...

LUBBOCK, Texas, Nov. 12, 2019 (GLOBE NEWSWIRE) — South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank, completed its acquisition of West Texas State Bank (“WTSB”) on November 12, 2019.  Under the terms of the definitive agreement, WTSB shareholders were paid an aggregate of $76.1 million in cash merger consideration.As of September 30, 2019, South Plains reported, on a consolidated basis, total assets of $2.8 billion, total deposits of $2.3 billion and total loans of $2.0 billion and WTSB reported total assets of $430 million, total deposits of $375 million and total loans of $200 million.  Based on financial information as of September 30, 2019, the combined company will have approximately $3.2 billion in total assets, 26 branch offices and 11 mortgage production offices...

MISSISSAUGA, Ontario, Nov. 12, 2019 (GLOBE NEWSWIRE) — goeasy Ltd. (TSX: GSY) (“goeasy” or the “Company”) is pleased to announce that it priced US$550 million aggregate principal amount of 5.375% senior unsecured notes due 2024 (the “Notes”), an increase from the originally anticipated transaction size of US$500 million, in view of market demand.  The Notes will be guaranteed on a senior unsecured basis by certain of goeasy’s current and future subsidiaries.goeasy estimates the net proceeds from the offering will be approximately C$714.4 million, based on the closing Bank of Canada rate on November 8, 2019 for the Canadian dollar/U.S. dollar exchange rate, after deducting fees and estimated offering expenses, and subject to adjustment as a result of the Currency Swap referred to below. goeasy intends to use the proceeds from the...

GUANGZHOU, China, Nov. 13, 2019 (GLOBE NEWSWIRE) — YY Inc. (NASDAQ: YY) (“YY” or the “Company”), a global social media platform, today announced its unaudited financial results for the third quarter of 2019. Third Quarter 2019 Financial HighlightsNet revenues increased by 67.8% to RMB6,882.2 million (US$962.9 million) from RMB4,100.5 million in the corresponding period of 2018.Net income attributable to controlling interest of YY Inc.1 was RMB109.9 million (US$15.4 million), compared to RMB650.7 million in the corresponding period of 2018.Non-GAAP net income attributable to controlling interest of YY Inc.2 was RMB574.1 million (US$80.3 million), compared to RMB787.0 million in the corresponding period of 2018, primarily due to the impact of the consolidation of Bigo Inc (“Bigo”).Third Quarter 2019 Operational HighlightsGlobal average...

VANCOUVER, British Columbia, Nov. 12, 2019 (GLOBE NEWSWIRE) — Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX/NYSE American: SVM) is pleased to announce that its Board of Directors declared a semi-annual dividend of US$0.0125 per share to be paid to all shareholders of record at the close of business on November 27, 2019, with a payment date of the dividend scheduled on or before December 18, 2019. The dividends are considered eligible dividends for Canadian tax purposes.The declaration and payment of future dividends is at the discretion of the Board of Directors and any future decision to pay dividends will be based on a number of factors including commodity prices, market conditions, financial results, cash flows from operations, expected cash requirements and other relevant factors.About SilvercorpSilvercorp is a...