Year: 2019

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESSASKATOON, Saskatchewan, Nov. 29, 2019 (GLOBE NEWSWIRE) — UEX Corporation (TSX:UEX) (“UEX” or the “Company”) is pleased to announce that it closed its previously announced $1.5 million non-brokered private placement (the “Offering”). The Company issued 12,800,000 common shares that qualify as “flow-through shares” for the purposes of the Income Tax Act (Canada) (“Flow-Through Common Shares”) at a price of $0.125 per Flow-Through Common Share of the Company for aggregate gross proceeds to the Company of $1.6 million.The gross proceeds from the sale of the Flow-Through Common Shares will be used to incur “Canadian exploration expenses” which qualify as “flow-through mining expenditures” (within the meaning of the Income Tax...

STAMFORD, Conn., Nov. 29, 2019 (GLOBE NEWSWIRE) — Patriot National Bancorp, Inc. (“Patriot,” “Bancorp” or the “Company”) (NASDAQ: PNBK), the parent company of Patriot Bank, N.A. (the “Bank”), today announced pre­tax income of $35,000 (net income of $27,000), or $0.01 per fully diluted share for the quarter ended September 30, 2019.  The Bank also announced the declaration of its 9th consecutive quarterly dividend of $0.01 per share.  The record date for this quarterly dividend will be December 9, 2019, with a dividend payment date of December 19, 2019.As of September 30, 2019, the Bank’s total assets were $972.0 million, up 6% as comparable to the same period last year, as both net loans receivable grew to $791.9 million, up 5%, while deposits totaled $762.1 million, an increase of $42.6 million, or 6%, over the same period one...

LAVAL, Québec, Nov. 29, 2019 (GLOBE NEWSWIRE) — Orbite Technologies Inc. (NEX: ORT.H) (“Orbite” or the “Company”) today provided an update on its plan to emerge from CCAA protection.Definitions of the capitalized terms used herein can be found at the end of this press release.CCAA Court extends the Stay PeriodAs announced on November 1, 2019, the CCAA Court issued an order pursuant to the CCAA providing for a Stay Period until November 26, 2019. On November 26, 2019 the CCAA Court granted a motion filed by the Company and issued an order extending the Stay Period until December 13, 2019.The extension of the Stay Period was granted to provide the Monitor, on behalf of Orbite, to allow enough time to carry out the following:Continuing the discussions with potential purchasers / investors / strategic partners that have submitted expressions...

LAVAL, Québec, 29 nov. 2019 (GLOBE NEWSWIRE) — Technologies Orbite Inc. (NEX : ORT.H) (« Orbite » ou la « Société ») a fourni aujourd’hui une mise à jour de son plan pour émerger de la protection de la LACC.Les définitions de certains termes utilisés apparaissent à la fin de ce communiqué.La Cour de la LACC proroge la période de suspensionTel qu’annoncé le 1er novembre, la Cour de la LACC a émis une ordonnance en vertu de la LACC prorogeant la Période de suspension jusqu’au 26 novembre 2019. Le 26 novembre 2019, la Cour de la LACC a accueilli une requête présentée par la Société et émis une ordonnance prorogeant la Période de suspension jusqu’au 13 décembre 2019.La prolongation de la période de suspension a été accordée afin de donner au contrôleur, pour le compte d’Orbite, suffisamment de temps pour effectuer...

CAMBRIDGE, Mass., Nov. 29, 2019 (GLOBE NEWSWIRE) — Spero Therapeutics, Inc. (Nasdaq: SPRO), a multi-asset clinical-stage biopharmaceutical company focused on identifying, developing and commercializing treatments in high unmet need areas involving multi-drug resistant (MDR) bacterial infections and rare diseases, today announced that on November 29, 2019 the Compensation Committee of Spero’s Board of Directors granted non-qualified stock option awards to purchase an aggregate of 54,000 shares of its common stock to three new employees under the Spero Therapeutics, Inc. 2019 Inducement Equity Incentive Plan, or the 2019 Inducement Plan. The stock options were granted as inducements material to the new employees becoming employees of Spero in accordance with Nasdaq Listing Rule 5635(c)(4).The 2019 Inducement Plan is used exclusively...

VANCOUVER, British Columbia, Nov. 29, 2019 (GLOBE NEWSWIRE) — (TSXV: PTF) Pender Growth Fund Inc. (the “Company”) today announced its financial and operational results for the three and nine months ended September 30, 2019.Financial Highlights (Unaudited)Net assets per Class C common share (“Share”) as at September 30, 2019 were $3.93 (December 31, 2018 – $4.14).Management Expense Ratio (“MER”) was 3.44% for the quarter ended September 30, 2019, down from 3.76% over same period in the prior year, primarily due to the reduction in management fee rates announced in June 2019.The Company’s net assets as at September 30, 2019 were $31.8 million (December 31, 2018 – $17.2 million) and Shares outstanding were 8,083,329 (December 31, 2018 – 4,152,545), both increased as a result of the public offering of Shares in Q2 of this...

LONDON, Nov. 29, 2019 (GLOBE NEWSWIRE) — Midpoint Holdings Limited (TSXV: MPT) (“Midpoint” or the “Company”) is pleased to announce that the Company has launched Malaysian ringgit (MYR) local payments.  Further, the Company provides a progress update, including achieving key milestones in operations turnover, progression in technological development in preparation of offering virtual bank accounts, and appointing an operations Director to the operating company.Midpoint launches Malaysian ringgit

Not for distribution to United States newswire services or for dissemination in the United States. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.TORONTO, Nov. 29, 2019 (GLOBE NEWSWIRE) — Automotive Finco Corp. (TSX-V: AFCC.V) (the “Company”) today announced that it has filed condensed interim consolidated financial statements for the nine months ended September 30, 2019. The statements together with the Management Discussion and Analysis can be found on SEDAR at www.sedar.com.About Automotive Finco Corp.Automotive Finco Corp (“AFCC”) is a high growth specialty finance company focused exclusively on the auto retail sector. Through its investment in Automotive Finance LP, the Company has exposure to a business providing long term, debt based acquisition...

Tórshavn, Faroe Islands, 2019-11-28 (GLOBE NEWSWIRE) — P/F Atlantic Petroleum (NASDAQ Copenhagen: ATLA DKK & Oslo Stock Exchange: ATLA NOK) today posts its 3rd quarter results for 2019. This announcement should be read in conjunction with Atlantic Petroleum’s Consolidated Interim Report attached to this announcement.Highlights for Q3 2019:Net loss: DKK 23.4MM (Q2: DKK 17.4MM)Gross profit was DKK 0.0MM (Q2: DKK 0.0MM)Operating loss was DKK 5.1MM (Q2: DKK 4.0MM)Net assets/share-holders equity was DKK 51.7MM (Q2: DKK 54.0MM)Bank debt was DKK 53.0MM (Q2: DKK 52.4MM)G&A cost was DKK 4.6MM (Q2: DKK 3.8MM)Whilst the expectation to Orlando reserves remain within the expected envelope, the field production is restricted at around 5,000 bopd, and realized production is at around 3,300 bopd. The production numbers mean that there...

Tórshavn, Faroe Islands, 2019-11-28 (GLOBE NEWSWIRE) — P/F Atlantic Petroleum (NASDAQ Copenhagen: ATLA DKK & Oslo Stock Exchange: ATLA NOK) today posts its 3rd quarter results for 2019. This announcement should be read in conjunction with Atlantic Petroleum’s Consolidated Interim Report attached to this announcement.Highlights for Q3 2019:Net loss: DKK 23.4MM (Q2: DKK 17.4MM)Gross profit was DKK 0.0MM (Q2: DKK 0.0MM)Operating loss was DKK 5.1MM (Q2: DKK 4.0MM)Net assets/share-holders equity was DKK 51.7MM (Q2: DKK 54.0MM)Bank debt was DKK 53.0MM (Q2: DKK 52.4MM)G&A cost was DKK 4.6MM (Q2: DKK 3.8MM)Whilst the expectation to Orlando reserves remain within the expected envelope, the field production is restricted at around 5,000 bopd, and realized production is at around 3,300 bopd. The production numbers mean that there...