Month: February 2020

Preliminary Q4 2019 results and quarterly cash dividend of $0.35 per shareHamilton, Bermuda, February 18, 2020. SFL Corporation Ltd. (“SFL” or the “Company”) today announced its preliminary financial results for the quarter ended December 31, 2019.Highlights64th consecutive quarterly dividend declared, $0.35 per shareOperating revenue of $120 million, and net income of $24 million in the fourth quarterReceived charter hire1 of approximately $159 million in the quarter from the Company’s vessels and rigs, including $3.9 million of profit shareAdjusted EBITDA2 of $97 million from consolidated subsidiaries in addition to $27 million from wholly-owned non-consolidated subsidiariesSale of Frontline shares generated more than $100 million of cashIssued NOK 600 million (approximately $67 million) senior unsecured bonds in January 2020Sale of...

ENGLEWOOD, Colo., Feb. 18, 2020 (GLOBE NEWSWIRE) — Ultra Petroleum Corp. (“Ultra” or the “Company”) (OTCQX: UPLC) announces its borrowing base redetermination, fourth quarter 2019 production, and guidance for production and capital in 2020.Sixth Amendment to Credit Facility and April 1, 2020 Borrowing Base DeterminationOn February 14, 2020, Ultra Resources, Inc. a wholly owned subsidiary of Ultra entered into the Sixth Amendment to Credit Agreement (the “Sixth Amendment”).  Pursuant to the Sixth Amendment and the spring borrowing base redetermination, which will take effect April 1, 2020, the Borrowing Base (as defined in the Credit Agreement) will be reduced to $1.075 billion, with $100 million commitment attributed to the Credit Agreement.  In accordance with the previously disclosed Fifth Amendment to Credit Agreement,...

TORONTO, Feb. 18, 2020 (GLOBE NEWSWIRE) — Victoria Gold Corp. (TSX.V-VIT) (“Victoria” or the “Company”) announces we have received final approval from the TSX for the graduation of our listing from the TSX Venture Exchange (“TSXV”) to the Toronto Stock Exchange (“TSX”). On Wednesday, February 19, 2020, the common shares of Victoria will begin trading on  the TSX, under the new symbol, “VGCX“. Victoria’s CUSIP/ISIN will not be affected. In conjunction with listing on the TSX, the common shares will be voluntarily delisted from the TSX Venture Exchange prior to the commencement of trading on the TSX.“Victoria’s graduation to the TSX is another exciting milestone in what has been a dynamic couple of years for the company” said John McConnell, President and Chief Executive Officer. “As we carry on the ramp up...

STAMFORD, Conn., Feb. 18, 2020 (GLOBE NEWSWIRE) — SpringWorks Therapeutics, Inc. (Nasdaq: SWTX), a clinical-stage biopharmaceutical company focused on developing life-changing medicines for patients with severe rare diseases and cancer, today announced that Saqib Islam, Chief Executive Officer, will present at the Cowen and Company 40th Annual Health Care Conference in Boston on Tuesday, March 3, 2020 at 8:40 a.m. Eastern Standard Time. A breakout question and answer session will immediately follow the presentation.To access the live webcast of SpringWorks’ presentation, please visit the “Events & Presentations” page within the Investors & Media section of the company’s website at https://ir.springworkstx.com. A replay of the webcast will be available on SpringWorks’ website for approximately 30 days following the conference.About...

VANCOUVER, British Columbia, Feb. 18, 2020 (GLOBE NEWSWIRE) — Pure Gold Mining Inc. (PGM – TSX-V, PUR – LSE) (“Pure Gold” or the “Company”), is pleased to announce that Ms. Maryse Bélanger, ICD.D has been appointed to the Board of Directors, effective February 14, 2020.Ms. Bélanger brings over 30 years of experience with senior gold companies globally with proven strengths in operational excellence and efficiency, technical studies and services. She has provided oversight and project management support through some of the mining industry’s key strategic acquisitions.Most recently, Ms. Bélanger was President, COO and Director of Atlantic Gold, where she successfully guided the company in taking its Touquoy Mine in Nova Scotia from construction to commissioning, ramp up and full production, through its eventual acquisition by...

ALAMO, CA, Feb. 18, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Social Detention Inc. SODE, recently announced that its subsidiary has been awarded a new $687,000.00 building contract for a Public Parks District.  In addition, the subsidiary has completed a $428,000.00 upgrade to a City Building.  Both projects are government owned and located in Northern California.  The completed project will contribute to 2020 Q1 Revenue and the new project will contribute to 2020 Q1, Q2 and Q3 Revenue.Robert Legg, President and CEO of Social Detention Inc., recently stated, “We are off to a strong start in Q1 with our new award and putting another completed project under our belt.  As we grow we are adding customer references, building supplier relationships and cementing our brand in the industry.  The market for our services continues...

Trade-off studies reduce initial capital from $194.0M to $132.9M for the Dark Star and Pinion gold oxide depositsVANCOUVER, British Columbia, Feb. 18, 2020 (GLOBE NEWSWIRE) —  Gold Standard Ventures Corp. (TSX: GSV; NYSE AMERICAN: GSV) (“Gold Standard” or the “Company”) today announced positive results from the Updated South Railroad Pre-Feasibility Study (“PFS”) on its 100%-owned/controlled Railroad-Pinion project in Nevada’s Carlin Trend, which show significant improvements compared to the first generation PFS released on September 10, 2019 (news release). The South Railroad portion of the Railroad-Pinion project consisting of the Dark Star deposit and Pinion deposit, hosts one of the largest, undeveloped oxide gold reserves on the Carlin Trend.                                                             The first South Railroad...

BOULDER, Colo., Feb. 18, 2020 (GLOBE NEWSWIRE) — Brickell Biotech, Inc. and its subsidiary (collectively, “Brickell”) (Nasdaq: BBI), a clinical-stage pharmaceutical company focused on developing innovative and differentiated prescription therapeutics for the treatment of debilitating skin diseases, today announced Brickell, and Bodor Laboratories, Inc. and Dr. Nicholas S. Bodor (collectively, “Bodor”), entered into a settlement agreement and an amended license agreement.  This resolves the previously disclosed dispute related to the sofpironium bromide license agreement and allows the Company to continue its efforts to develop sofpironium bromide for the treatment of hyperhidrosis, a life-altering medical condition with an estimated 15 million sufferers in the United States.Pursuant to the settlement, the parties agreed to dismiss...

HAMILTON, Bermuda, Feb. 18, 2020 (GLOBE NEWSWIRE) — Hermitage Offshore Services Ltd. (the “Company”) announced today that it plans to issue its fourth quarter of 2019 earnings after the market close on Thursday, February 27, 2020. About the CompanyHermitage Offshore Services Ltd. is an offshore support vessel company that owns 23 vessels consisting of 10 platform supply vessels, or PSVs, two anchor handling tug supply vessels, or AHTS vessels, and 11 crew boats.  The Company’s vessels primarily operate in the North Sea or the West Coast of Africa.  Additional information about the Company is available at the Company’s website www.hermitage-offshore.com, which is not a part of this press release.CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTSMatters discussed in this press release may constitute forward‐looking statements....

Following the announcement by Bombardier Inc, Bombardier Transportation confirms that we have entered into a MOU with Alstom, regarding their potential acquisition of our operations.“We welcome this announcement. We see great geographic and product complementarity with potential to translate into increase capacity to respond to the growing global demand for rail. With a shared commitment to the next generation of green and digital rail solutions, a combined company would benefit from economies of scale resulting into improved investment and innovation capabilities, and a streamlined investment pipeline.” – Danny Di Perna, President, Bombardier Transportation.The transaction is subject to clearance from relevant regulatory authorities, each of which have their own procedural timelines.Link to Bombardier Inc. press release: https://www.bombardier.com/en/media/newsList/details.binc-20200217-bombardier-announces-its-strategic-decision-to-foc.bombardiercom.html?Bombardier...