Day: November 14, 2019

VANCOUVER, Nov. 14, 2019 (GLOBE NEWSWIRE) — China Gold International Resources Corp. Ltd. (TSX: CGG; HKEx: 2099) (the “Company” or “China Gold International Resources”) reports on the Company’s financial and operational results for the three months (“Q3”, or “third quarter 2019”) and nine months (“nine months 2019”) ended September 30, 2019.  This news release should be read in conjunction with the Company’s Financial Statements, Notes to the Financial Statements and Management’s Discussion and Analysis.Mr. Liangyou Jiang, the CEO and Executive Director of the Company, stated, “The Company will continue to leverage the technical and operating experience of the Company’s substantial shareholder, China National Gold Group Corporation, to improve operations at its mines.  In addition, the Company continues to focus its efforts on increasing...

SAN DIEGO, Nov. 14, 2019 (GLOBE NEWSWIRE) — Sphere 3D Corp. (NASDAQ: ANY), a company delivering containerization, virtualization, and data management solutions, today reported financial results for its third quarter ended September 30, 2019.On November 13, 2018, the Company closed the divestiture of its Overland subsidiary and related business. The financial results of Overland for the third quarter and nine months ended 2018 have been reflected in the Company’s consolidated statements of operations as discontinued operations. Results below exclude discontinued operations. Our results for the third quarter and nine months ended September 30, 2019 were as follows:Third Quarter 2019 Financial Results:Revenue for the third quarter of 2019 was $1.4 million, compared to $1.3 million for the third quarter of 2018.Gross margin for the...

Quarterly and YTD Reduction in Net Loss Compared to Prior YearPETALUMA, Calif., Nov. 14, 2019 (GLOBE NEWSWIRE) — Sonoma Pharmaceuticals, Inc. (Nasdaq: SNOA), a specialty pharmaceutical company dedicated to identifying, developing and commercializing unique, differentiated therapies to millions of patients living with chronic skin conditions, yesterday announced financial results for the second quarter and six months ended September 30, 2019.“During the quarter, we continued to direct our efforts to building a more sustainable company focused on areas of potential growth and the bottom line while reducing expenses by 31% and our net loss by 57%.  As we look forward, we will continue to examine the best ways to build upon the changes we have made to date, while maintaining our objective on improving overall profitability of our business...

TORONTO, Nov. 14, 2019 (GLOBE NEWSWIRE) — Shawcor Ltd. (TSX: SCL) today announced that its pipe coating division has entered into a detailed letter of intent with Saipem for the proposed Payara development project located in the Stabroek block offshore Guyana. The coating value of this phase is estimated to be similar to the individual phases of the Liza development that have already been awarded. As previously announced the combined coating value of Liza phase 1 and phase 2 was approximated at C$110 million.Subject to government approvals, project sanction by ExxonMobil subsidiary Esso Exploration and Production Guyana Limited and its partners HESS Guyana Exploration Ltd and CNOOC Nexen Petroleum Guyana Ltd, an authorization to proceed with the final phase, and execution of the definitive coating agreement, Shawcor will provide...

CALGARY, Alberta, Nov. 14, 2019 (GLOBE NEWSWIRE) — Trakopolis IoT Corp. (TSXV: TRAK) (“Trakopolis” or the “Company“) announces that Mr. Brent Moore has resigned his position as Chief Executive Officer and a Director of the Company with immediate effect. Mr. Richard Clarke, formerly Chief Financial Officer of the Company, has been appointed as the Chief Executive Officer and a Director of the Company. Richie has served as the Company’s Chief Financial Officer since 2013 and has been significantly involved in its restructuring efforts.In addition, the Company has appointed Mr. Chris Burchell, a current Director of the Company, as Chief Restructuring Officer (“CRO“) to oversee the Company’s previously announced restructuring efforts. Chris has served as a Director since October 2016 and has...

LONGVIEW, Texas, Nov. 14, 2019 (GLOBE NEWSWIRE) — Friedman Industries, Incorporated (NYSE – American; trading symbol: FRD), headquartered in Longview, Texas, is a manufacturer and processor of steel products with operating plants in Hickman, Arkansas; Decatur, Alabama and Lone Star, Texas. The Company has two reportable segments; coil products and tubular products. The coil product segment consists of the operations in Hickman and Decatur where the Company processes hot-rolled steel coils using temper mills and cut-to-length lines. The tubular product segment consists of the operations in Lone Star where the Company manufactures electric resistance welded pipe, provides pipe finishing services and distributes pipe.The Company announced today its results of operations for the second quarter. For the quarter ended September 30, 2019...

VANCOUVER, British Columbia, Nov. 14, 2019 (GLOBE NEWSWIRE) — Alio Gold Inc. (TSX, NYSE AMERICAN: ALO) (“Alio Gold” or the “Company”) today announces that it has signed and closed a three-year, $15 million loan facility (the “Facility”) with Sprott Private Resource Lending II (Collector), LP (“Sprott”) to fund construction of the new Phase II leach pad at Florida Canyon.“This represents another positive step towards achieving our plan for Florida Canyon,” said Mark Backens, President and CEO of Alio Gold. “Construction of the Phase II leach pad is already underway, and this funding will help us toward our goal of completing construction in Q2 2020 to take maximum advantage of operational efficiencies which we expect will drive cash flow.”Key Terms of the Facility are:Principal Amount of $15 million;Maturity date of October 31, 2022;Interest...

CALGARY, Alberta, Nov. 14, 2019 (GLOBE NEWSWIRE) — Cardinal Energy Ltd. (“Cardinal” or the “Company“) (TSX: CJ) confirms that our dividend of $0.015 per common share will be paid on December 16, 2019 to shareholders of record on November 29, 2019. The Board of Directors of Cardinal has declared the dividend payable in cash. This dividend has been designated as an “eligible dividend” for Canadian income tax purposes.About Cardinal Energy Ltd.One of Cardinal’s goals is to continually improve our Environmental, Safety and Governance (“ESG”) mandate and operate our assets in a responsible and environmentally sensitive manner.  As part of this mandate, Cardinal injects and conserves more carbon than it emits making us one of the few Canadian energy companies to have a negative carbon footprint.Cardinal...

TORONTO, Nov. 14, 2019 (GLOBE NEWSWIRE) — CCL Industries Inc. (TSX:CCL.A) (TSX:CCL.B), a world leader in specialty label, security and packaging solutions for global corporations, government institutions, small businesses and consumers announced today that it signed an agreement to acquire the shares of Stuck On You Holdings Pty Ltd and Stuck on You Trading Pty Ltd (collectively “SOY”). Founded in 1995, “SOY” is a privately held leading manufacturer of personalized kids’ labels, based near Melbourne, Australia. Sales for the year ending June 30, 2019, were approximately $8.3 million, with an adjusted $1.3 million EBITDA. The debt free, all cash purchase consideration is approximately $8.1 million, subject to customary adjustments with closing planned for later this month.Commenting on the transaction, Avery President Mark Cooper...