Day: November 21, 2019

TORONTO, Nov. 21, 2019 (GLOBE NEWSWIRE) — Itafos (TSX VENTURE: IFOS) (the “Company”) announced today that Mr. Brent de Jong, Chairman of the Company’s Board of Directors, has stepped down as Chairman and member of the Company’s Board of Directors. The Company thanks Mr. de Jong for his service and contributions and wishes him well in his future endeavors.Following Mr. de Jong’s resignation, the Company’s Board of Directors will consist of Mr. Anthony Cina, Mr. David Delaney, Mr. Evgenij Iorich, Dr. Mhamed Ibnabdeljalil (interim CEO) and Mr. Ronald Wilkinson. The Company’s Board of Directors has appointed Mr. Cina to serve as Chairman on an interim basis.About ItafosThe Company is a vertically integrated phosphate fertilizers and specialty products company with an attractive portfolio of long-term strategic businesses and projects...

TORONTO, Nov. 21, 2019 (GLOBE NEWSWIRE) — Itafos (TSX VENTURE: IFOS) (the “Company”) announced today its decision to idle Itafos Arraias and to suspend the previously announced repurpose plan at Itafos Arraias. The decision comes as part of a disciplined approach to capital allocation considering the continued downward pressure on global fertilizer prices.“While we have demonstrated the viability of the repurpose plan at Itafos Arraias, including producing and commercializing new premium products, market prices have continued to decline and have currently reached unsustainable levels. As a result of these external factors, we have decided to idle Itafos Arraias to manage the cycle, while we evaluate strategic options for the business,” said Dr. Mhamed Ibnabdeljalil, interim CEO of Itafos.During 2019, the Company implemented the...

Not for distribution to U.S. news wire services or for dissemination in the United StatesTORONTO, Nov. 21, 2019 (GLOBE NEWSWIRE) — Avante Logixx Inc. (TSX.V: XX) (OTC: ALXXF) (“Avante” or the “Company”) is pleased to announce its results for the period ended September 30, 2019 (all amounts in Canadian dollars, unless otherwise indicated).RESULTS FOR THE THREE-MONTH PERIOD ENDED SEPTEMBER 30, 2019“We continue to execute on our strategic vision through the recently announced acquisition of A.S.A.P. Secured Inc. (“ASAP”), a commercial security services provider, the convertible debenture private placement with Fairfax Financial Holdings (“Fairfax”), and return to positive EBITDA and Adjusted EBITDA,” said Craig Campbell, CEO of Avante. “I am very pleased with our results year to date and the strategic initiatives undertaken in order...

Reference is made to the stock exchange release published by Ocean Yield ASA (“Ocean Yield”, “the Company”) on 21 November 2019 regarding a private placement of up to 15,935,143 new shares in the Company (“the Private Placement”).Erøy AS, a company controlled by Øyvind Eriksen, President and CEO of Aker ASA, the majority shareholder of Ocean Yield, was allocated 75,000 shares in the Private Placement, at a purchase price of NOK 45.Following completion of the Private Placement, Erøy AS holds 325,000 shares in the Company, constituting 0.19 per cent of the Company’s shares and votes.Laffen Holding AS, a company controlled by Olav Revhaug, general manager of TRG AS, Aker ASA’s majority shareholder, was allocated 25,000 shares in the Private Placement at a purchase price of NOK 45 per share.Following completion of the Private Placement, Laffen...

Reference is made to the stock exchange release published by Ocean Yield ASA (“Ocean Yield”, “the Company”) on 21 November 2019 regarding a private placement of up to 15,935,143 new shares in Ocean Yield (“the Private Placement”).Aker Capital AS (“Aker”), a wholly owned subsidiary of Aker ASA and the largest shareholder in Ocean Yield with an ownership of 61.65 per cent, pre-subscribed and was allocated 9,824,257 new shares in the Private Placement. The allocation is equivalent to Aker’s pro-rata ownership.Aker has also entered into a share lending agreement with Arctic Securities AS and Ocean Yield, whereby Aker has agreed to lend 6,110,886 shares in Ocean Yield to Arctic Securities AS, to facilitate timely delivery of shares to subscribers in the Private Placement.Following completion of the Private Placement and redelivery of the borrowed...

BOSTON, Nov. 21, 2019 (GLOBE NEWSWIRE) — In a release issued under the same headline on Nov. 18, 2019 by Eagle Growth & Income Opportunities Fund (NYSE: EGIF) please note that the meeting date for the Special Meeting of Shareholders should read January 21, 2020 (instead of January 21, 2019). The corrected release reads.Eagle Growth and Income Opportunities Fund Declares Monthly Distribution of $0.08 Per Share and Announces Additional Actions in Support of ShareholdersEagle Growth and Income Opportunities Fund (the “Fund”) (NYSE: EGIF) today announced the declaration of its monthly distribution for December 2019, as well as additional actions relating to the Fund’s operations that are intended to benefit Fund shareholders, including a share repurchase program and a proposal, if approved by the Fund’s shareholders,...

OTTAWA, Ill., Nov. 21, 2019 (GLOBE NEWSWIRE) — November 21, 2019 – Ottawa Bancorp, Inc. (Nasdaq: OTTW) (the “Company”), the holding company for Ottawa Savings Bank, FSB (the “Bank”), announced today that it has approved a stock repurchase program authorizing the purchase of 317,307 shares, representing 10% of the Company’s outstanding shares of common stock.  As of September 30, 2019, the Company had repurchased a total of 327,089 shares of its common stock at an average price of $13.96 per share as part of its previously approved stock repurchase program, which will expire on November 29, 2019.  Repurchases will be conducted through open market purchases, which may include purchases under a trading plan adopted pursuant to Securities and Exchange Commission Rule 10b5-1, or through privately negotiated transactions.  Repurchases will...

DAYTONA BEACH, Fla., Nov. 21, 2019 (GLOBE NEWSWIRE) — Alpine Income Property Trust, Inc. (the “Company” or “PINE”) announced today that it has priced its initial public offering of 7,500,000 shares of common stock at an initial public offering price of $19.00 per share. The Company has granted the underwriters a 30-day option to purchase up to an additional 1,125,000 shares of common stock at the initial public offering price, less underwriting discounts and commissions. Settlement of the offering is expected to occur on November 26, 2019, subject to customary closing conditions. The shares are expected to begin trading on the New York Stock Exchange under the symbol “PINE” on November 22, 2019.Raymond James & Associates, Inc., Robert W. Baird & Co. Incorporated, B. Riley FBR, Inc. and BMO Capital Markets Corp. are acting...