Noront Statement on New Partnership Between Government of Ontario, Marten Falls and Webequie First Nations to Move Ahead With Road Access to the Ring of Fire

Written by Customer Service on March 2, 2020. Posted in Public Companies.

TORONTO, March 02, 2020 (GLOBE NEWSWIRE) — Noront Resources Ltd. (“Noront” or the “Company”) (TSX Venture: NOT) is pleased to acknowledge the agreement announced today between the provincial government, Marten Falls First Nation and Webequie First Nation to advance planning and development of a proposed Northern Road Link that will provide reliable, all-season road access to mine sites in the Ring of Fire and connect First Nation communities to Ontario’s provincial highway network.The partnership was announced by Premier Doug Ford, Minister of Energy, Northern Development and Mines and Minister of Indigenous Affairs Greg Rickford, Marten Falls Chief Bruce Achneepineskum and Webequie Chief Cornelius Wabasse during a signing ceremony at the Prospectors and Developers Association of Canada (PDAC) convention.“We are encouraged that...

Interfor Announces Additional Long Term Debt Financing

Written by Customer Service on March 2, 2020. Posted in Public Companies.

VANCOUVER, British Columbia, March 02, 2020 (GLOBE NEWSWIRE) — INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) today announced it has priced US$50 million in long-term debt financing with Prudential Capital Group, which is in addition to the US$50 million that was previously announced on February 18, 2020, for a total of US$100 million. The additional senior secured notes will carry an annual interest rate of 3.25% and have a final maturity in 2030. The financing is expected to close during March and the proceeds will be used for general corporate purposes.Following completion of the financing, Interfor’s long-term debt will have a weighted average interest rate of 4.08% with maturities that are primarily in the years 2024-2030.FORWARD-LOOKING STATEMENTSThis release contains forward-looking information about the Company’s...

CORRECTING and REPLACING – Aurcana Corporation

Written by Customer Service on March 2, 2020. Posted in Public Companies.

VANCOUVER, British Columbia, March 02, 2020 (GLOBE NEWSWIRE) — In a news release issued earlier today by Aurcana Corporation (“Aurcana” or the “Company”) (TSXV: AUN), please be advised a subscription for $110,000 was inadvertently omitted from the original news release. Complete corrected text follows:AURCANA INCREASES PREVIOUSLY ANNOUNCED NON-BROKERED PRIVATE PLACEMENT FROM $4 MILLION TO $5.87 MILLION AND COMPLETES SECOND TRANCHE

Canoe EIT Income Fund Announces March 2020 Distribution

Written by Customer Service on March 2, 2020. Posted in Public Companies.

CALGARY, Alberta, March 02, 2020 (GLOBE NEWSWIRE) — Canoe EIT Income Fund (the “Fund”) (TSX – EIT.UN) announces the March 2020 distribution of $0.10 per unit. The distribution will be paid on April 15, 2020 to unitholders of record on March 20, 2020. The ex-distribution date for this distribution is March 19, 2020.About Canoe EIT Income FundOne of Canada’s largest closed-end investment funds, designed to maximize monthly distributions and capital appreciation by investing in a broadly diversified portfolio of high quality securities. The Fund is listed on the TSX under the symbol EIT.UN and is actively managed by Robert Taylor, Senior Vice President and Portfolio Manager of Canoe Financial.About Canoe FinancialCanoe Financial is one of Canada’s fastest growing independent mutual fund companies managing over $6 billion in...

Le fonds Canoe EIT Income Fund annonce la distribution pour le mois de mars 2020

Written by Customer Service on March 2, 2020. Posted in Public Companies.

CALGARY, Alberta, 02 mars 2020 (GLOBE NEWSWIRE) — Le fonds Canoe EIT Income Fund (le « fonds ») [Bourse de Toronto : EIT.UN] annonce une distribution de 0,10 $ par part en mars 2020. La distribution sera payée le 15 avril 2020 aux porteurs de parts inscrits le 20 mars 2020. La date ex-distribution connexe est le 19 mars 2020.À propos du fonds Canoe EIT Income FundLe fonds Canoe EIT Income Fund est l’un des fonds de placement à capital fixe les plus importants au Canada; il vise à maximiser les distributions mensuelles et l’appréciation du capital en investissant dans un portefeuille largement diversifié de titres de haute qualité. Coté à la Bourse de Toronto sous le symbole EIT.UN, le fonds est activement géré par Robert Taylor, vice-président principal et gestionnaire de portefeuille de Canoe Financial.À propos de Canoe FinancialCanoe...

Orion Replaces Expiring Shelf Registration with Filing of $100M Universal Shelf Registration Statement

Written by Customer Service on March 2, 2020. Posted in Public Companies.

MANITOWOC, Wis., March 02, 2020 (GLOBE NEWSWIRE) — Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), – a provider of LED lighting and turnkey energy project solutions, including controls and integrated IoT capabilities, announced today that it has filed a new universal shelf registration statement with the SEC to allow the company to potentially offer up to $100 million in debt securities, common stock, preferred stock, warrants and other securities or any combination of such securities. The new shelf registration statement will replace the company’s existing $75 million shelf registration statement, which expires on March 7, 2020.The new shelf registration statement provides Orion the flexibility to publicly offer and sell from time to time debt securities, common stock, preferred stock, warrants and other securities...

NW Natural Water Completes Acquisition of Texas Water Utility

Written by Customer Service on March 2, 2020. Posted in Public Companies.

PORTLAND, Ore., March 02, 2020 (GLOBE NEWSWIRE) — NW Natural Water Company, LLC (NW Natural Water), a wholly owned subsidiary of Northwest Natural Holding Company (NYSE:NWN), has completed the acquisition of T&W Water Service Company in Conroe, Texas. The sale was approved by the Public Utility Commission of Texas in close cooperation with the sellers and stakeholders.Currently, T&W serves approximately 9,200 people through 3,700 connections in the Houston-The Woodlands-Sugar Land metropolitan area.“Adding T&W to the NW Natural Water family is an important milestone in the company’s growth strategy,” said David H. Anderson, NW Natural Holdings president and CEO. “We are thrilled to be operating in Texas and look forward to serving our new customers.”“We’re excited to join NW Natural Water and are impressed with the...

Black Iron Progresses Offtake Discussions and Updates PEA

Written by Customer Service on March 2, 2020. Posted in Public Companies.

TORONTO, March 02, 2020 (GLOBE NEWSWIRE) — Black Iron Inc. (“Black Iron” or the “Company”) (TSX: BKI; OTC: BKIRF; FWB:BIN) management continue to make very positive progress in discussions with steel mills and global commodity trading companies that are showing strong interest to fund a meaningful amount of the expected US$452 million required to construct phase 1 of its Shymanivske iron ore project (the “Project”) in exchange for securing offtake rights. The offtake rights entail purchasing up to the full four (4) million tonnes per annum of ultra high grade 68% iron ore planned to be produced in phase 1 at a slight discount to the daily traded benchmark iron ore price, and an equity ownership stake in the Company. A number of the offtake groups have started discussing and proposing commercial terms and structure for a potential...

Conformis Reports Fourth Quarter and Year End 2019 Financial Results

Written by Customer Service on March 2, 2020. Posted in Public Companies.

BILLERICA, Mass., March 02, 2020 (GLOBE NEWSWIRE) — Conformis, Inc. (NASDAQ:CFMS), announced today financial results for the fourth quarter and year ended December 31, 2019.Q4 SummaryTotal revenue of $19.9 million, down 10% year-over-year on a reported basis and 9% on a constant currency basisProduct revenue of $19.7 million, down 10% year-over-year on a reported and constant currency basisU.S. product revenue of $17.2 million, down 11% year-over-yearRest-of-world product revenue of $2.5 million, up 0.5% year-over-year on a reported basis and 4% on a constant currency basisRoyalty revenue of $0.2 million, up 9% year-over-yearGross margin of 49%, flat year-over-year2019 SummaryTotal revenue of $77.4 million, down 14% year-over-year on a reported basis, including a royalty settlement of $10.5 million in the third quarter of 2018,...

Core & Main Signs Definitive Agreement to Acquire R&B Co.

Written by Customer Service on March 2, 2020. Posted in Mergers And Acquisitions.

ST. LOUIS, March 02, 2020 (GLOBE NEWSWIRE) — Core & Main LP, a leading U.S. distributor of water, sewer and fire protection products, announced today that it has entered into a definitive agreement to acquire R&B Co., based in San Jose, Calif. The acquisition will mark Core & Main’s 10th transaction since becoming an independent company in August 2017. Financial terms were not disclosed.“This acquisition will meaningfully expand our presence in California, one of the largest markets in the U.S. We are thrilled to welcome the R&B team members into the Core & Main family upon closing the transaction and we believe the cultural fit between the two companies is incredibly strong,” said Core & Main’s Jack Schaller, president of Core & Main Waterworks. “R&B has established strong customer relationships...

Day: March 2, 2020

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