Year: 2019

TORONTO, Dec. 02, 2019 (GLOBE NEWSWIRE) — Savanna Capital Corp. (“Savanna”), a capital pool company as defined under Policy 2.4 – Capital Pool Companies of the TSX Venture Exchange (the “Exchange”), announces that effective November 29, 2019, it has executed an amendment (the “Amendment”) to the business combination agreement dated August 30, 2019 (the “Definitive Agreement”) between Savanna and Varianz Corp. (“Varianz”), to extend the termination date from November 30, 2019 to January 22, 2020. All other terms of the Definitive Agreement remain in full force and effect and unamended.About SavannaSavanna is a Capital Pool Company (as defined in the policies of the Exchange) listed on the Exchange. Savanna has no material liabilities, approximately $180,000 in cash, 4,600,000 common shares and 460,000 options issued and outstanding.Further...

Not for distribution to U.S. news wire services or for dissemination in the United StatesTORONTO, Dec. 02, 2019 (GLOBE NEWSWIRE) — Avante Logixx Inc. (TSXV: XX) (“Avante” or the “Company”) is pleased to announce that it has closed its previously reported acquisition of all of the issued and outstanding shares of A.S.A.P. Secured Inc. (“ASAP”) effective December 1, 2019 pursuant to the terms of the share purchase agreement dated November 13, 2019 (the “Agreement”) and as previously announced by Avante on November 14, 2019. As announced, Avante purchased ASAP for $10.5 million using the proceeds from the private placement offering of unsecured convertible debentures issued to Fairfax Financial Holdings Limited to fund the acquisition. The $10.5 million purchase price is subject to certain adjustments as set forth in the Agreement.“It...

DODGEVILLE, Wis., Dec. 02, 2019 (GLOBE NEWSWIRE) — Lands’ End, Inc., (NASDAQ: LE) a leading uni-channel retailer, today announced it has appointed David Witkewicz as vice president and head of design. This announcement comes as part of the company’s continuing focus to deliver products with exceptional quality that meet the needs of consumers. In this new role, Witkewicz will report to Chieh Tsai, chief product officer, and will oversee concept, print, pattern, color and product design across all divisions.“David has provided creative leadership and design expertise across several global brands and major retailers,” said Tsai, “We are thrilled to have him on board as we look to create timeless offerings in the coming seasons and years.”Witkewicz was most recently at Kenneth Cole as Vice President of Women’s Design. Prior to this...

BOSTON, Dec. 02, 2019 (GLOBE NEWSWIRE) — The New America High Income Fund, Inc. (the “Fund”) (NYSE: HYB) announced today that it will pay a dividend of $.055 per share on the company’s common stock on December 31, 2019 to common shareholders of record as of the close of business on December 17, 2019. The ex-dividend date will be December 16th.The Fund has released updated portfolio data which can be found on the Fund’s website at www.newamerica-hyb.com.The New America High Income Fund, Inc. is a diversified, closed-end management investment company with a leveraged capital structure. The Fund’s investment adviser is T. Rowe Price Associates, Inc. (“T. Rowe Price”). As of September 30, 2019, T. Rowe Price and its affiliates managed approximately $1.1 trillion of assets, including approximately $20 billion of “high yield” investments. ...

Vancouver, BC, Dec. 02, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — CIBT Education Group Inc. (“CIBT” or the “Company”) (TSX: MBA, OTCQX International: MBAIF) is pleased to report that it has filed on SEDAR its annual audited consolidated financial statements (the “Annual Financial Statements”) and related Management’s Discussion & Analysis (“MD&A”) (collectively, the “2019 Financial Report”) for the fiscal year ended August 31, 2019 (“Fiscal 2019”).  This news release should be read in conjunction with the 2019 Financial Report in its entirety.  To review the 2019 Financial Report, please visit CIBT’s profile at www.sedar.com. The following table presents selected financial data from the 2019 Financial Report with comparisons:“Fiscal 2019 showed strong double-digit growth for the fifth consecutive year through our...

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION TO UNITED STATESVANCOUVER, British Columbia, Dec. 02, 2019 (GLOBE NEWSWIRE) — Lumina Gold Corp. (TSXV: LUM) (OTCQX: LMGDF) (the “Company” or “Lumina”) is pleased to announce that it plans to conduct a non-brokered private placement of up to approximately 16.0 million common shares of Lumina (the “Shares”) at a price of C$0.50 per Share to raise gross proceeds of up to approximately C$8.0 million (the “Offering”). Ross J. Beaty has agreed to subscribe for C$4.7 million of the private placement. Assuming the Offering size is exactly C$8.0 million and Mr. Beaty subscribes for C$4.7 million of the Offering, Mr. Beaty’s ownership of Lumina will increase from 17.95% to 19.93% on a non-diluted basis.The net proceeds of the Offering will be used to fund study...

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION TO UNITED STATESVANCOUVER, British Columbia, Dec. 02, 2019 (GLOBE NEWSWIRE) — Luminex Resources Corp. (TSXV: LR) (US OTC: LUMIF) (the “Company” or “Luminex”) is pleased to announce that it plans to conduct a non-brokered private placement of up to approximately 19.2 million common shares of Luminex (the “Shares”) at a price of C$0.52 per Share to raise gross proceeds of up to approximately C$10.0 million (the “Offering”). Ross J. Beaty has agreed to subscribe for at least C$3.15 million of the private placement. Assuming the Offering size is exactly C$10.0 million and Mr. Beaty subscribes for C$3.15 million of the Offering, Mr. Beaty’s ownership of Luminex will increase from 15.6% to 19.9% on a non-diluted basis.The net proceeds of the Offering will be...

TORONTO, Dec. 02, 2019 (GLOBE NEWSWIRE) — FirstService Corporation (TSX: FSV; NASDAQ: FSV) (“FirstService”) has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets and TD Securities Inc., under which the underwriters have agreed to buy on a bought deal basis 2,165,000 common shares (the “Common Shares”) of FirstService, at a price of US$92.50 per Common Share for gross proceeds of approximately US$200 million (the “Offering”). FirstService has granted the underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any. The offering is expected to close on or about December 13, 2019 and is subject to receipt of all necessary regulatory...

PHOENIX, Dec. 02, 2019 (GLOBE NEWSWIRE) — Mesa Air Group, Inc. (NASDAQ: MESA) announced today that under the recent amendment to its agreement with American Airlines, the company did not meet certain performance metrics during the most recent measurement period, which allows American to remove two additional aircraft from the capacity purchase agreement. American has agreed to defer the right to remove these two aircraft but has elected to remove one of two previously deferred aircraft, effective January 2, 2020.Based on the increased utilization of the remaining fleet, fiscal Q2 2020 (ending March 31) block hours for American are expected to be within one percent of block hour production for the same period last year.About Mesa Air Group, Inc.Headquartered in Phoenix, Arizona, Mesa Air Group, Inc. is the holding company of Mesa...

GAINESVILLE, Fla. and CAMBRIDGE, Mass., Dec. 02, 2019 (GLOBE NEWSWIRE) — Applied Genetic Technologies Corporation (Nasdaq: AGTC), a biotechnology company conducting human clinical trials of adeno-associated virus (AAV)-based gene therapies for the treatment of rare diseases, today announced that Theresa Heah, M.D., Chief Medical Officer, has resigned from the company to pursue other opportunities.Given that the clinical results for the upcoming data releases are still being processed at external vendors and not yet available for internal review, Dr. Heah’s resignation does not relate to any knowledge of pending results. Dr. Heah has agreed to stay with the company until the end of the year to support the up-coming data analysis. In addition, Dr. Heah’s departure does not affect the company’s previously announced guidance on the...