Day: November 27, 2019

TORONTO, Nov. 27, 2019 (GLOBE NEWSWIRE) — DREAM GLOBAL REAL ESTATE INVESTMENT TRUST (TSX: DRG.UN FRA: DRG, “Dream Global REIT” or the “REIT”) announced today that it has received the regulatory approvals required for the closing of the previously-announced transaction pursuant to which affiliates of real estate funds managed by The Blackstone Group Inc. (“Blackstone”) will acquire all of Dream Global REIT’s subsidiaries and assets in an all-cash transaction valued at $6.2 billion (the “Transaction”) and anticipates that closing will occur on or about December 10, 2019, subject to the satisfaction of all remaining closing conditions to be satisfied at the time of closing. On closing of the Transaction, unitholders of the REIT (the “Unitholders”) will receive cash consideration of $16.79 per unit of Dream Global REIT (the “Units”)....

VANCOUVER, British Columbia, Nov. 27, 2019 (GLOBE NEWSWIRE) — RavenQuest BioMed Inc. (CSE: RQB OTCQB: RVVQF Frankfurt: 1IT) (the “Company” or “RavenQuest”), today announced that Usama Chaudhry and Jatinder Dhaliwal have been appointed directors of the Company.  Mr. Chaudhry has also been appointed as interim CFO for the Company.  Full bios for each gentleman can be found below.  RavenQuest further announces the resignations from the board of Anton Drescher, Hendrik van Alphen and David Cross, CFO.“As our Company continues to evolve, we see it as utmost importance to ensure our board is comprised of those that can most help our Company grow the business and achieve our potential,” said George Robinson, RavenQuest CEO. “I am confident that RavenQuest’s long term growth priorities will be well-served by these changes, providing...

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.  ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWCALGARY, Alberta, Nov. 27, 2019 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to announce that it has made the necessary filings and received the necessary approvals to conduct a normal course issuer bid (“NCIB”) through the facilities of the Toronto Stock Exchange (“TSX”).The TSX has accepted the Corporation’s notice to conduct the NCIB to purchase outstanding common shares on the open market, in accordance with the rules of the TSX.  As approved by the TSX, the Corporation is authorized to purchase up to 2,552,229 common shares, representing approximately 10% of the public float of...

HOUSTON, Nov. 27, 2019 (GLOBE NEWSWIRE) — On November 27, 2019, Key Energy Services, Inc. (“Key” or the “Company”) (NYSE: KEG) was notified by the New York Stock Exchange (the “NYSE”) that the NYSE had determined to commence proceedings to delist the Company’s common stock (the “Common Stock”) from the NYSE as a result of the Company’s failure to maintain an average global market capitalization over a consecutive 30 trading-day period of at least $15 million pursuant to Rule 802.01B of the NYSE Listed Company Manual.  The NYSE also suspended trading of the Common Stock effective immediately.The NYSE stated that it will apply to the Securities and Exchange Commission (the “SEC”) to delist the Common Stock upon completion of all applicable procedure, including any appeal by the Company of the NYSE’s delisting determination.  The Company...

CALGARY, Alberta, Nov. 27, 2019 (GLOBE NEWSWIRE) — Inventronics Limited (“Inventronics” or the “Corporation”) (IVX:TSX Venture), a designer and manufacturer of custom enclosures for the telecommunications, electric transmission, cable television and other industries in North America, today announced its unaudited 2019 Q3 financial results.For the three months ended September 30, 2019, Inventronics reported a net income of $192,000, or 4.4 cents per share, on revenue of $1,898,000 compared to a net loss of $34,000, or 0.8 cents per share, on revenue of $1,282,000 for the three months ended September 30, 2018. For the nine months ended September 30, 2019, Inventronics reported a net income of $346,000, or 7.9 cents per share, on revenue of $4,708,000 compared to a net loss of $173,000, or 3.9 cents per share, on revenue of $2,908,000...

PALO ALTO, Calif., Nov. 27, 2019 (GLOBE NEWSWIRE) — BridgeBio Pharma, Inc. (Nasdaq: BBIO), a clinical-stage biopharmaceutical company focused on genetic diseases, today announced grants of inducement awards to its Chief Operating Officer, Brian Stolz; its Chief Accounting Officer, Yi Ching Yau; and one additional employee, on November 13, 2019.The Company granted Mr. Stolz (i) non-qualified stock options to purchase 102,081 shares of the Company’s common stock with an exercise price of $26.28 per share, the closing price of BridgeBio’s common stock as reported by Nasdaq on November 13, 2019, (ii) a restricted stock award of 22,839 shares of the Company’s common stock, (iii) a time-based restricted stock unit award of 106,469 units, each of which relates to one share of the Company’s common stock and (iv) a performance-based restricted...

Sales of $121.8 million for the quarter and $507.3 million for the yearEPS of $0.17 for the quarter and Adjusted EPS of $0.80 for the yearEBITDA of $13.3 million in the quarter and $62.6 million for yearFree Cash Flow of $36.5 million or $0.89 per share in Fiscal 2019Returned $26.9 million to shareholders in fiscal 2019 through share repurchases and dividendsBalance sheet in a $8.7 million net cash positionTORONTO, Nov. 27, 2019 (GLOBE NEWSWIRE) — Exco Technologies Limited (TSX-XTC) today announced results for its fourth quarter and year ended September 30, 2019. In addition, the Company announced the quarterly dividend of $0.09 per common share which will be paid on December 30, 2019 to shareholders of record on December 16, 2019.   The dividend is an “eligible dividend” in accordance with the Income Tax Act of Canada. “Fiscal...

DAYTONA BEACH, Fla., Nov. 27, 2019 (GLOBE NEWSWIRE) — Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced that it had invested approximately $38.8 million in Alpine Income Propety Trust, Inc., and its affiliates (collectively “PINE”), resulting in the beneficial ownership of approximately 22.3% of PINE, through its investment in PINE’s IPO and the sale and contribution of a portfolio of 20 single-tenant net lease income properties. The sales transaction, for 15 of the 20 properties, resulted in the Company receiving approximately $125.9 million which the Company intends to redeploy in income property investments through the 1031 like-kind exchange structure.The Company announced the closing of the sale of 20 of the Company’s single-tenant net lease income properties to PINE, including 15 properties...

HACKETTSTOWN, NJ, Nov. 27, 2019 (GLOBE NEWSWIRE) — Vislink Technologies, Inc. (“Vislink” or the “Company”) (NASDAQ: VISL) announced today that it has closed the previously announced public underwritten offering of securities, with gross proceeds of approximately $4 million before deducting underwriting discounts, commissions and other offering expenses payable by the Company.The securities offered by the Company consist of (i) 3,201,200 shares of common stock together with 3,201,200 Warrants (the “Warrants”) to purchase 2,400,900 shares of common stock and (ii) 11,893,100 pre-funded warrants, with each pre-funded warrant exercisable for one share of common stock, together with 11,893,100 common warrants to purchase 8,919,825 shares of common stock. The shares of common stock (or pre-funded warrants, as applicable) and accompanying...