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Year: 2019

Osisko Announces Renewal of Normal Course Issuer Bid

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...

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CAPREIT Acquires B.C. Apartment Property

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...

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Spirit Banner Announces Results of Annual General and Special Meeting of Shareholders and Update on Qualifying Transaction

TORONTO, Dec. 19, 2019 (GLOBE NEWSWIRE) — Spirit Banner Capital Corp. (“Spirit Banner” or the “Corporation”) (TSX-V: SBCC.P) is pleased to announce that at an annual general and special meeting of shareholders (the “Meeting”) held on December 18, 2019, shareholders approved certain preconditions for completion of the Corporation’s business combination transaction (the “Proposed Transaction”) with Ion Energy Ltd. It is expected the Proposed Transaction will qualify as the Corporation’s “Qualifying Transaction” under the policies of the TSX Venture Exchange (the “TSXV”).At the Meeting, shareholders approved by special resolution conditions precedent for completion of the Proposed Transaction, namely the consolidation of the issued and outstanding common...

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Mitek Announces $10 Million Share Repurchase Program

SAN DIEGO, Dec. 19, 2019 (GLOBE NEWSWIRE) — Mitek (NASDAQ: MITK), a global leader in mobile capture and digital identity verification solutions, today announced that its Board of Directors authorized a share repurchase program for up to $10 million of its outstanding common stock.The share repurchase program is effective immediately and will expire December 16, 2020. The purchases under the share repurchase program may be made from time to time in the open market, through block trades, 10b5-1 trading plans, privately negotiated transactions or otherwise and in accordance with applicable laws, rules and regulations. The timing and actual number of the shares repurchased will depend on a variety of factors including price, market conditions and corporate and regulatory requirements. The company intends to fund the share repurchases...

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Jade Power Issues Trust Units Under Unit Purchase Plan

TORONTO, Dec. 19, 2019 (GLOBE NEWSWIRE) — Jade Power Trust (“Jade Power” or the “Trust”) (TSXV: JPWR.UN) announces that an aggregate of 875,840 trust units in the capital of the Trust (the “Qualifying Units”) have been issued under the Trust’s Unit Purchase Plan (the “Plan”) at a price of $0.155 per trust unit. Under the terms of the Plan, each participant is entitled to receive a matching number of trust units acquired pursuant to the Plan at no cost to such participant (the “Deferred Matching Units”). Subject to certain conditions, the Deferred Matching Units will be issued to participants over a three year period following the date of the purchase of the Qualifying Units. As such, an additional 875,840 Deferred Matching Units may be issued in three equal tranches...

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Axovant Provides Clinical Program Update for AXO-AAV-GM1, a Novel Investigational Gene Therapy for GM1 Gangliosidosis

NEW YORK and BASEL, Switzerland, Dec. 19, 2019 (GLOBE NEWSWIRE) — Axovant Gene Therapies Ltd. (NASDAQ: AXGT) today announced preliminary findings from an expanded access treatment in which a single patient with GM1 gangliosidosis was administered investigational AXO-AAV-GM1 gene therapy.GM1 gangliosidosis is a progressive and fatal pediatric lysosomal storage disorder caused by mutations in the GLB1 gene leading to impaired production of the β-galactosidase enzyme. AXO-AAV-GM1 is an investigational gene therapy that delivers a functional copy of the GLB1 gene via an adeno-associated viral (AAV9) vector, with the goal of restoring β-galactosidase enzyme activity. The natural history of GM1 gangliosidosis demonstrates progressive neurological decline including worsening of swallowing ability, which impacts nutritional status,...

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Purpose Investments Inc. Announces Revision to December 2019 Distributions for Purpose High Interest Savings ETF and Purpose US Cash ETF

TORONTO, Dec. 19, 2019 (GLOBE NEWSWIRE) — Purpose Investments Inc. announced today a revision to the December 2019 distributions for Purpose High Interest Savings ETF (ETF ticker: PSA) and Purpose US Cash ETF (ETF ticker: PSU.U).The distribution for Purpose High Interest Savings ETF was revised to $0.0987 per unit, and the distribution for Purpose US Cash ETF was revised to US$0.1465 per unit. The ex-distribution date and record date was revised to December 31, 2019 for both ETFs.The following table reflects the revised distribution rates per unit:About Purpose Investments Inc.Purpose Investments is an asset management company with over $8 billion in assets under management. Purpose Investments has an unrelenting focus on client-centric innovation, and offers a range of managed and quantitative investment products. Purpose Investments...

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Norsk Hydro: Power outage affecting production at Paragominas and Alunorte

On December 18, a transmission tower overturned, ceasing power supply to Hydro’s Paragominas bauxite mine in Brazil, temporarily halting the production at the mine. Production at Hydro’s alumina refinery Alunorte will consequently be temporarily reduced to between 50-70% of capacity to prolong the lifetime of the bauxite inventories. The 244 km bauxite pipeline going from Paragominas to Alunorte has been emptied using back-up power. There were no personnel injuries or damages to other production assets related to the power outage.Hydro is taking the necessary measures to resolve the situation, and regular power supply to Paragominas is expected to resume within 5-10 days. Financial impact is estimated to be limited and we do not expect any customer impact.   ‘Investor contactContact Stian HasleCellular...

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Norsk Hydro: Strømbrudd påvirker produksjonen ved Paragominas og Alunorte

En høyspentmast som veltet 18. desember førte til strømbrudd for Hydros bauksittgruve Paragominas i Brasil og har midlertidig stanset produksjonen ved gruven. Produksjonen ved Hydros aluminaraffineri Alunorte har som en konsekvens blitt midlertidig redusert til mellom 50 og 70 prosent av kapasiteten for å forlenge levetiden til bauksittlagrene.Den 244 kilometer lange bauksittrørledningen mellom Paragominas og Alunorte er etter strømbruddet tømt ved hjelp av reservekraft. Det er ingen personskader eller skader på produksjonsutstyr relatert til strømbruddet.Hydro iverksetter nødvendige tiltak for å håndtere situasjonen, og det er forventet at ordinær strømforsyning til Paragominas er gjenopprettet innen 5-10. dager Den finansielle effekten...

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GT Gold Drills 124.00 metres of 1.11 g/t Au, 0.68% Cu (1.50% CuEq, 2.05 g/t AuEq) at Saddle North

Including 51.00 metres at 1.34 g/t Au, 0.76% Cu (1.75% CuEq; 2.40 g/t AuEq),within359.00 metres of 0.68 g/t Au, 0.49% Cu (1.00% CuEq, 1.37 g/t AuEq), and within520.00 metres of 0.55 g/t Au, 0.43% Cu (0.84% CuEq; 1.15 g/t AuEq) in Hole TTD143VANCOUVER, British Columbia, Dec. 19, 2019 (GLOBE NEWSWIRE) — GT Gold (TSX-V:GTT) (the “Company” or “GT Gold”) is pleased to announce results from the last six drill holes from its 15,000-metre Phase 2 exploration program at its 100% owned Saddle North Cu-Au porphyry system in northwest B.C. All 2019 drill holes have now been reported from Saddle North, and final assays for the four drill holes from Saddle South are pending release expected early in the new year.Drill holes TTD141, TTD142, TTD143 and TTD144 were southeasterly inclined drill holes drilled...

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