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Day: November 20, 2019

Kayne Anderson MLP/Midstream Investment Company Prices Private Placement of $200 Million of Mandatory Redeemable Preferred Shares

HOUSTON, Nov. 20, 2019 (GLOBE NEWSWIRE) — Kayne Anderson MLP/Midstream Investment Company (NYSE: KYN) (the “Company”) announced that it reached a conditional agreement with institutional investors relating to a private placement of $200 million of Mandatory Redeemable Preferred Shares (“MRP Shares”). The private placement is expected to close on or about December 10, 2019, and there will be two fundings in connection with the transaction: (a) $100 million of Series L MRP Shares and $75 million of Series M MRP Shares will be issued on February 11, 2020, and (b) $25 million of Series N MRP Shares will be issued on May 12, 2020.Net proceeds from the fundings will be used to refinance existing leverage including the redemption of $125 million of Series F MRP Shares (due for mandatory redemption April 15, 2020), the redemption of $25...

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Teledyne Imaging to exhibit at ITE 2019

WATERLOO, Ontario, Nov. 20, 2019 (GLOBE NEWSWIRE) — Teledyne DALSA, Teledyne e2v, and Teledyne Lumenera, all  Teledyne Technologies [NYSE: TDY] companies will exhibit as Teledyne Imaging at the International Technical Exhibition on Imaging Technology & Equipment (ITE) 2019, December 4-6, in PACIFICO Yokohama Hall D, Japan. Visit booth D-01 to see their most advanced vision solutions in live demos. The industry’s first Multifield™ CMOS TDI camera, the new Linea HS captures brightfield, darkfield, and backlit images at once in a single scan. This breakthrough technology meets the critical requirements for takt time and detectability in flat panel display, semiconductor wafer inspection, life sciences, and other light starved applications. When combined with Teledyne’s Xtium™2 CLHS high-performance frame grabbers, these models...

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Sulliden Mining Capital Inc. Announces Update on Private Placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATESTORONTO, Nov. 20, 2019 (GLOBE NEWSWIRE) — Sulliden Mining Capital Inc. (TSX: SMC) (“Sulliden” or the “Company”) is pleased to provide an update on its non-brokered private placement financing, as more particularly described in the Company’s press release dated November 4, 2019 (the “Offering”).The terms of the Offering have been revised such that the private placement will now be comprised of: (i) up to 9,090,909 common shares of the Company issued on a “flow-through basis” (each, a “Flow-Through Share”) at a price of $0.055 per Flow-Through Share, and (ii) up to 10,000,000 non-flow-through common shares of the Company (each, a “Share”) at a price of $0.050 per Share for aggregate gross proceeds to the Company of up to $1,000,000 (collectively,...

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Northrop Grumman Board Declares Quarterly Dividend

FALLS CHURCH, Va., Nov. 20, 2019 (GLOBE NEWSWIRE) — The board of directors of Northrop Grumman Corporation (NYSE: NOC) declared a quarterly dividend of $1.32 per share on Northrop Grumman common stock, payable Dec. 18, 2019, to shareholders of record as of the close of business Dec. 2, 2019.Northrop Grumman is a leading global security company providing innovative systems, products and solutions in autonomous systems, cyber, C4ISR, space, strike, and logistics and modernization to customers worldwide. Please visit news.northropgrumman.com and follow us on Twitter, @NGCNews, for more information.Tim Paynter (Media)703-280-2720timothy.paynter@ngc.comTodd Ernst (Investors)703-280-4535todd.ernst@ngc.com

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Magna’s Inaugural Global Bold Perspective Award Recognizes Inspiring Design of Future Mobility

North American finalist Zehao Zhang from ArtCenter College of Design captures top prizeFinalists from China and Europe also recognized at LA Auto ShowMore than 100 entries offer global view of future mobilityAURORA, Ontario, Nov. 20, 2019 (GLOBE NEWSWIRE) — Imagination soared as students from around the world competed for the first-ever Magna Global Bold Perspective Award, presented at the Car Design News LA Forum during the LA Auto Show.Zehao “West” Zhang, from ArtCenter College of Design in Pasadena, California, won the top prize for his autonomous vehicle for urban nomads. An accomplished panel of design industry leaders judged the 2019 competition, including Chip Foose of Foose Design, Brad Richards of Harley-Davidson Motor Company, Jay Shuster of Pixar Animation Studios, Freeman Thomas of Freeman Thomas Design and Larry Erickson...

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Cameo Files NI 43-101 Technical Report for Big Mac Property

VANCOUVER, British Columbia, Nov. 20, 2019 (GLOBE NEWSWIRE) — Cameo Industries Corp. (TSX Venture: CRU) (OTC: CRUUF) (FWB: SY7N) (the “Company” or “Cameo”) announces that it has filed an updated National Instrument 43-101 (“NI 43-101) technical report (the “Technical Report”) for its Big Mac Property (the “Property”) located within the Golden Triangle in northwestern British Columbia. The Technical Report was prepared by Harrison Cookenboo, Ph.D., P.Geo. and is titled “NI 43-101 Technical Report on the Big Mac Property, British Columbia” with an effective date of November 15, 2019. The Technical Report can be found under the Company’s SEDAR profile at www.sedar.com.The purpose of this Technical Report was to report the results of a recent site visit to the Property and to provide recommendations for future exploration work...

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NKT A/S Q3 2019: Financial outlook updated and review of strategic alternatives for NKT Photonics announced

Company Announcement20 November 2019Announcement No. 15NKT A/S Q3 2019: Financial outlook updated and review of strategic alternatives for NKT Photonics announcedNKT Chairman of the Board, Jens Due Olsen says:– Today, we launch a review of the strategic alternatives for NKT Photonics to maximize the value creation we believe NKT Photonics possesses. The timing of such a process is now right in order to position NKT Photonics for long-term growth and to support a deleverage of the NKT A/S balance sheet.NKT CEO Alexander Kara says:– I am pleased to note that NKT has recorded a satisfactory order intake of high-voltage projects over the past five months, which strengthens our order backlog. With the Q3 2019 results and visibility for the rest of the year, we have updated the full-year outlook for NKT. The secured orders will...

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NKT A/S 3. kvartal 2019: Opdaterede finansielle forventninger og annoncering af afsøgning af strategiske alternativer for NKT Photonics

Selskabsmeddelelse20. november 2019Meddelelse nr. 15NKT A/S 3. kvartal 2019: Opdaterede finansielle forventninger og annoncering af afsøgning af strategiske alternativer for NKT PhotonicsJens Due, Bestyrelsesformand for NKT A/S, udtaler: – I dag igangsætter vi en afsøgning af de strategiske alternativer for NKT Photonics for at optimere den værdiskabelse, vi mener forretningen har. Det er nu det rette tidspunkt for en sådan proces for at positionere NKT Photonics til langsigtet vækst og for at understøtte, at vi nedbringer gældsandelen på NKT A/S’ balance.NKT CEO Alexander Kara siger:– Jeg er glad for at se at NKT har haft en tilfredsstillende tilgang af højspændingsordrer de seneste fem måneder, hvilket styrker vores ordrebog. Med resultaterne for 3. kvartal og den visibilitet vi har for resten af året, har vi opdateret de...

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Paleo Resources Announces Spud of Dorn Prospect Well, Polk County, Texas

CALGARY, Alberta, Nov. 20, 2019 (GLOBE NEWSWIRE) — Paleo Resources, Inc. (“Paleo” or the “Corporation”) (TSX-V: PRE, OTCQB: PRIEF) is pleased to announce that it has spud the Dorn Unit #1 well in its Polk County, Texas JV.  The Dorn Unit #1 well will be a vertical well drilled to an approximate depth of 3,250 feet.  The well will target an approximate 130 acre Yegua formation prospect.Paleo is participating for a net 24.5% working interest in this prospect.Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Paleo Resources, Inc. is an oil and natural gas and mineral exploration company headquartered in Calgary, Alberta, with executive offices in Houston, Texas.For further information...

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Firm Capital American Realty Partners Corp. Reports Strong Third Quarter Results and Continues to Increase NAV to $9.07/ Share

TORONTO, Nov. 20, 2019 (GLOBE NEWSWIRE) — Firm Capital American Realty Partners Corp. (“the “Company”), (TSXV: FCA.U), (TSXV: FCA) is pleased to report its financial results for the three months ended September 30, 2019:For the three months ended September 30, 2019, net income was approximately $0.4 million, in comparison to the $1.7 million reported for the three months ended September 30, 2018. For the nine months ended September 30, 2019, net income was approximately $3.5 million, an 8% increase over the $3.3 million reported for the nine months ended September 30, 2018;For the three months ended September 30, 2019, AFFO was approximately $0.5 million, a 130% improvement over the $0.23 million reported for the three months ended September 30, 2018. For the nine months ended September 30, 2019, AFFO was approximately $1.5 million,...

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