Month: December 2019

CORAL GABLES, Fla., Dec. 31, 2019 (GLOBE NEWSWIRE) — Amerant Bancorp Inc. (NASDAQ: AMTB and AMTBB) (the “Company”) announced today that it has called for redemption of all $26.8 million of its outstanding 8.90% trust preferred capital securities issued by its Capital Trust I. The Capital Trust I securities are being redeemed January 30, 2020 at the contractual call price of 100.00%. All related junior subordinated debentures issued by the Company to this Trust will be repaid as part of the redemption transaction.Millar Wilson, the Company’s Vice-Chairman and Chief Executive Officer, stated: “This redemption of our most expensive fixed rate trust preferred securities currently outstanding will reduce our annual interest expense by approximately $2.4 million. It further reflects the active steps we are taking...

This amended press release supersedes the release of 12/26/2019, and is being made pursuant to and in accordance with SEC Rule 135This amended press release supersedes the press release issued December 26, 2019, and is being made pursuant to and in accordance with Rule 135 under the Securities Act of 1933. This notice does not constitute an offer to sell or the solicitation of an offer to buy securities and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.Eatontown, New Jersey, Dec. 31, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Investview, Inc. (OTCQB: INVU) has altered its plan to launch a tender offer to exchange shares of its outstanding Common Stock...

Debenture proceeds to be used exclusively to exercise option for purchase of 100% ownership of flagship Toroparu assetNOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.DENVER, Colorado and VANCOUVER, British Columbia, Dec. 31, 2019 (GLOBE NEWSWIRE) — Gold X Mining Corp. (TSX-V: GLDX, OTCQX: SSPXD) (“Gold X” or the “Company”) is pleased to announce and confirm, further to the Company’s news releases dated December 4, 2019 and December 30, 2019, that on December 24, 2019, it closed its non-brokered private placement offering (the “Offering“) of 10% secured convertible debentures (the “Debentures”) and has received into escrow an aggregate of US$20,000,000. These proceeds will be used to exercise the Company’s option to acquire 100% of the...

VANCOUVER, British Columbia, Dec. 31, 2019 (GLOBE NEWSWIRE) — Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) fourth quarter and fiscal 2019 financial and operating results will be released on Tuesday, February 11, 2020.Analysts, investors and media are invited to participate in Western’s fourth quarter and fiscal 2019 conference call on Wednesday, February 12, 2020 at 9:00 a.m. PST (12:00 p.m. EST).Don Demens, President and Chief Executive Officer, and Stephen Williams, Executive Vice President and Chief Financial Officer, will discuss the Company’s fourth quarter and fiscal 2019 results followed by a question and answer session.To join the conference call, dial:From Toronto: 416-340-2217Toll-free from Canada and the US: 1-800-898-3989Passcode: 2140217#To access the instant...

VANCOUVER, British Columbia, Dec. 31, 2019 (GLOBE NEWSWIRE) —Loan Agreements with MPIC Fund I, LPPremier Diversified Holdings Inc. (“Premier” or the “Company“) (TSXV: PDH) announces that it has entered into certain loan agreements with MPIC Fund I, LP (“MPIC“) for secured loans in the aggregate principal amount of up to USD$600,000 (the “Loans“). The Loans mature on September 4, 2020, November 7, 2020 and December 12, 2020 and bear interest at a rate of 6% per annum. The Loans are secured with all of the present and after-acquired property of the Company and  rank equally in priority with the loans previously made to the Company by MPIC in April 2019 and July 2019.The Company is not issuing any securities, or paying any bonus, commission or finder’s fees on the Loan. ...

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES NOR FOR DISSEMINATION IN THE UNITED STATESSASKATOON, Saskatchewan, Dec. 31, 2019 (GLOBE NEWSWIRE) — GESPEG RESOURCES LTD. (TSX-V: GCR) (the “Company” or “Gespeg”) Gespeg announces closing of a first tranche of the non-brokered private placement announced on October 31, 2019 (the “Private Placement”). In total the Private Placement raised $228,000 through the issuance of 4,560,000 units at post consolidation price of $0.05, including 1,830,000 Units consisting of one Common Share of the Company (the “Share”) and one-half of one Warrant and 2,730,000 flow-through Units consisting of one Flow-Through Share and one-half of one Warrant. Each Warrant will entitle the holder to purchase one additional Share at a price of...

INVESTORS MAY LISTEN TO LIVE WEBCASTSTUART, Fla., Dec. 31, 2019 (GLOBE NEWSWIRE) — Seacoast Banking Corporation of Florida (NASDAQ: SBCF), a bank holding company whose operating entity is Seacoast Bank, today announced it will release fourth quarter results January 23rd, after the market closes.  Upon release, investors may access a copy of Seacoast’s earnings results at the company’s website www.SeacoastBanking.com on the home page under “Press Releases.”Seacoast will host a conference call January 24th at 10:00 a.m. Eastern Time, to discuss the earnings results and business trends.  Investors may call in (toll-free) by dialing (888) 517-2513 (passcode: 7556 513; host: Dennis S. Hudson).  Charts will be used during the conference call and may be accessed at Seacoast’s website at www.SeacoastBanking.com by...

MIAMI BEACH, Fla., Dec. 31, 2019 (GLOBE NEWSWIRE) — The Herzfeld Caribbean Basin Fund, Inc. (NASDAQ: CUBA) (the “Fund”) today announced that the Fund has made the following distribution pursuant to the Fund’s managed distribution plan (the “Plan”):The primary purpose of the Plan is to provide stockholders with a constant, but not guaranteed, fixed minimum rate of distribution each quarter (currently set at the annual rate of 15% of the Fund’s net asset value as determined on June 30, 2019 and payable in quarterly installments). The Fund cannot predict what effect, if any, the Plan will have on the market price of its shares or whether such market price will reflect a greater or lesser discount to net asset value as compared to prior to the adoption of the Plan.Under the Plan, the Fund will distribute...

LAVAL, Quebec, Dec. 31, 2019 (GLOBE NEWSWIRE) — Urbanimmersive Inc. (“Urbanimmersive,” the “Company” or “UI”) (TSX VENTURE: UI) (OTC PINK: UBMRF), the leading real estate content marketing platform, today provides a corporate update.Urbanimmersive announces payment of convertible debenture interests for the 6-months period ended December 31, 2019. Following the TSX Venture Exchange’s approval, the Corporation has issued 3,777,091 common shares at a price of $0.06 per common share in settlement of a debt totaling $226,625 in favor of Convertible debenture holders. The Corporation has decided to issue the common shares in order to preserve its cash assets.TSX Venture Exchange has not reviewed this press release and has neither approved nor disapproved the contents of this press release.About...

WINNIPEG, Manitoba, Dec. 31, 2019 (GLOBE NEWSWIRE) — With reference to its prior News Releases dated June 11, 2019, November 14, 2019 and December 20, 2019, Empire Industries Ltd. (TSX-V: “EIL”, “Empire” or the “Company”) is pleased to announce that 100% of the holders of the issued and outstanding Preferred Shares (defined below) agreed to exchange all of their Preferred Shares for Class “A” Common Shares (“Common Shares”) of the Company effective December 31, 2019. Subject to final acceptance by the TSX Venture Exchange, the holders of the Preferred Shares exchanged the Preferred Shares (the “Capital Reorganization”) early for an aggregate of up to 32,906,161 Common Shares at a weighted exchange price of $0.444 per Common Share comprised of 25,244,443...