Day: December 19, 2019
WEST POINT, Va., Dec. 19, 2019 (GLOBE NEWSWIRE) — C&F Financial Corporation (the Corporation) (NASDAQ:CFFI), the one-bank holding company for C&F Bank, announced today that it has received the approvals needed to proceed with its previously announced acquisition of Peoples Bankshares, Incorporated (Peoples) (OTC PINK:PBVA). As a result, Peoples will merge with and into the Coproration, and Peoples Community Bank will merge with and into C&F Bank, on January 1, 2020. The merger was approved by the shareholders of Peoples at their meeting on December 11, 2019 in Montross, Virginia. The Corporation has also received the approvals of the Federal Reserve Bank of Richmond, the Federal Deposit Insurance Corporation, and the State Corporation Commission Bureau of Financial Institutions of the Commonwealth of...
Shaw Announces Redemption Prices for 5.50% Senior Notes Due 2020 and 3.15% Senior Notes Due 2021
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CALGARY, Alberta, Dec. 19, 2019 (GLOBE NEWSWIRE) — Shaw Communications Inc. (“Shaw” or the “Corporation”) announced today that it has determined the redemption prices for the Corporation’s C$500 million 5.50% senior notes due December 7, 2020 (the “2020 Notes”) and the Corporation’s C$300 million 3.15% senior notes due February 19, 2021 (the “2021 Notes”). As previously announced, the redemption date for both the 2020 Notes and 2021 Notes is December 24, 2019 (the “Redemption Date”).The redemption price per C$1,000 principal amount of the 2020 Notes is C$1,029.69 plus accrued interest to the Redemption Date of $2.56.The redemption price per C$1,000 principal amount of the 2021 Notes is C$1,008.63 plus accrued interest to the Redemption Date of $10.96.About Shaw...
Enerflex to Host 2020 Investor Day
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CALGARY, Alberta, Dec. 19, 2019 (GLOBE NEWSWIRE) — Enerflex Ltd. (TSX:EFX) (“Enerflex” or the “Company”) will host an Investor Day on February 5, 2020 in Houston, Texas. The event will include a discussion of Enerflex’s business strategy, operational highlights, and growth plan. The following members of Enerflex’s Executive Management Team will be in attendance: Marc Rossiter, President and Chief Executive Officer; Sanjay Bishnoi, Senior Vice President and Chief Financial Officer; Patricia Martinez, President, Latin America; and Greg Stewart, President, USA.Due to limited capacity, in-person attendance is by invitation only. However, the event will be webcast and audiocast live and all interested parties are invited to access the presentation from the Company’s website at www.enerflex.com...
SmartCentres and Mitchell Goldhar Announce a Joint Venture for a New Relocated Walmart and Land for Residential Uses in the Vaughan Metropolitan Centre (VMC)
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TORONTO, Dec. 19, 2019 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres” or the “REIT”) (TSX:SRU.UN), one of Canada’s largest real estate investment trusts, and the Penguin Group of Companies (“Penguin”), owned by Mitchell Goldhar, announced today that the two parties have entered into a joint venture with respect to a 15.48 acre site (“the JV Site”) immediately abutting the VMC lands and proximate to the SmartVMC lands already jointly owned by SmartCentres and Penguin, and the termination of an existing Walmart lease paving the way for strategic development on VMC lands.10.76 acres of the JV site will be used for the development of the latest new Walmart prototype store (“New Walmart Store”). This New Walmart Store is a relocation...
Aurelius Completes C$456,200 Financing and Provides Update on Proposed Acquisition of Dufferin Gold Properties
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TORONTO, Dec. 19, 2019 (GLOBE NEWSWIRE) — Aurelius Minerals Inc. (TSX.V: AUL) (the “Company” or “Aurelius”) is pleased to announce that, further to the Company’s press release dated November 18, 2019, it has issued an unsecured convertible promissory note of the Company to Sprott Private Resource Lending (Collector), LP (“Sprott”) in the principal amount of C$456,200 (the “Note”) for aggregate proceeds of C$456,200. Under the terms of the Note, Sprott may convert the Note at any time, in whole or in part, into common shares of the Company (“Common Shares”) at a conversion price of...
Endonovo Therapeutics Announces Effective Date of Previously Announced Reverse Split of Common Stock
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Los Angeles, CA, Dec. 19, 2019 (GLOBE NEWSWIRE) — Endonovo Therapeutics, Inc. (OTCQB: ENDV) (“Endonovo” or the “Company”), announced today that its previously announced 1-for-1,000 reverse split of its common stock will become effective as of December 19, 2019. Beginning on December 20, 2019, the Company’s common stock will trade on the OTC market on a split-adjusted basis under the trading symbol ‘ENDVD’ for a 20-day period at which time the ‘D’ will be removed and the trading symbol will revert back to ‘ENDV’.As a result of the reverse stock split, the number of shares of common stock outstanding will be reduced by the ratio of 1-for-1,000. The number of authorized shares of the Company’s common stock remain unchanged, but the number of issued and outstanding...
Maxim Power Corp. Enters into a Credit Agreement with ATB Financial and Provides Update on M2 Project
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CALGARY, Alberta, Dec. 19, 2019 (GLOBE NEWSWIRE) — Maxim Power Corp. (“MAXIM” or the “Corporation“) (TSX: MXG) announced today that it, and certain of its subsidiaries, entered into a credit agreement with ATB Financial (“ATB”) for a thirty-five month term that provides for senior debt financing of up to $44 million to support financing requirements of MAXIM’s 204 MW power plant located near Grande Cache, Alberta (“M2”) plus a cash collateralized letter of credit facility of $8 million to replace MAXIM’s current outstanding letters of credit for equal amounts.Financing for M2 is provided under three credit facilities. The Corporation is able to borrow up to $30 million under a construction loan that has a term of thirty-five months with an amortization requirement of ten...
ClearStream announces New Project Awards and Contract Renewals
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CALGARY, Alberta, Dec. 19, 2019 (GLOBE NEWSWIRE) — ClearStream Energy Services Inc. (“ClearStream”) (TSX: CSM) is pleased to announce several new project awards and contract renewals with major upstream, midstream and downstream energy companies across North America. These awards and renewals are estimated to generate approximately $175 million in new backlog.The work will be executed by ClearStream’s Flint, Environmental, UWO and Wear Technologies divisions and will be comprised of Maintenance, Turnarounds, Fabrication, Pipeline & Facility Construction, Electrical & Instrumentation, Corrosion and Abrasion Wear Technologies, and Environmental Professional services. The work will commence immediately with higher activity expected during the spring and fall turnaround seasons over the next two to three years.“Further...
Osisko Announces Renewal of Normal Course Issuer Bid
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TORONTO, Dec. 19, 2019 (GLOBE NEWSWIRE) — Osisko Mining Inc. (TSX:OSK) (the “Corporation” or “Osisko“) today announces renewal of the normal course issuer bid program of the Corporation to purchase for cancellation, from time to time over a 12-month period, common shares of the Corporation (“Common Shares“) listed on the Toronto Stock Exchange (“TSX“) in an aggregate amount of up to 10% of the “public float” of the Corporation (the “NCIB Program“), being 18,415,707 Common Shares.Repurchases under the NCIB Program may commence on January 2, 2020 and will terminate on January 1, 2021 or on such earlier date as the NCIB Program is complete. Purchases of Common Shares under the NCIB Program will be made in Canada through the facilities of the TSX and other alternative...
CAPREIT Acquires B.C. Apartment Property
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TORONTO, Dec. 19, 2019 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has completed the acquisition of Redwood Manor in New Westminster, British Columbia. Occupancy for the 48-suite property currently stands at 100%. CAPREIT paid approximately $13.4 million for the property, funded by its Acquisition and Operating credit facility.The property has been well maintained and has recently undergone extensive renovations and upgrades including new stainless-steel appliances in all suites, double paned windows to reduce energy costs, modernization of its elevator system, exterior paint and parking lot improvements, and numerous common area upgrades. In addition, all suites are individually metered for hydro costs. The property is situated close...