Day: March 2, 2020

LAKE FOREST, Ill., March 02, 2020 (GLOBE NEWSWIRE) — Assertio Therapeutics, Inc. (“Assertio” or the “Company”) (NASDAQ: ASRT), today announced that it will release fourth quarter and full year 2019 financial results on Monday, March 9, 2020, after the close of markets. Following the announcement, the Company will host a conference call beginning at 3:30 p.m. central standard time to discuss its results.Participants can access the live webcast from the Investor Relations section of Assertio’s website at http://investor.assertiotx.com. Please access the website 15 minutes prior to the start of the call to download and install any necessary audio software.Audio Conference Call:U.S. Dial-in Number: 1-877-550-3745International Dial-in Number: 1-281-973-6277Conference ID: 2099224An archived webcast replay will be available on the...

Highlights Company’s Progress Under Current Board and Management Team’s Deliberate Leadership and Focus on Creating Long-Term Value for StockholdersRecommends Stockholders Vote “FOR” Barnwell’s Slate of Highly Experienced Director Nominees on the WHITE Proxy Card TodayHONOLULU, March 02, 2020 (GLOBE NEWSWIRE) — Barnwell Industries, Inc. (“Barnwell” or the “Company”) (NYSE American: BRN) today announced that it has filed definitive proxy materials with the U.S. Securities and Exchange Commission and has mailed these materials and a letter to its stockholders in connection with the Company’s Annual Meeting to be held on April 3, 2020. Stockholders of record as of February 24, 2020 will be entitled to vote at the meeting.The Barnwell Board of Directors (the “Board”) recommends that stockholders support the current Barnwell team and...

TORONTO, March 02, 2020 (GLOBE NEWSWIRE) — (TSX: OSP, OSP.PR.A) Brompton Oil  Split Corp. (the “Fund”) announces a pro-rata redemption of class A shares will be required (the “Class A Shares”) to maintain an equal number of preferred shares (the “Preferred Shares”) and Class A Shares outstanding.  In connection with the extension of the Fund’s term for an additional three years, holders of both Class A Shares and Preferred Shares had a special retraction right.   Preferred shareholders retracted 2,416,132 more shares than Class A shareholders.  As a result, unless Preferred Shares are withdrawn from the retraction, the Fund will be required to redeem 2,416,132 Class A Shares on a pro-rata basis pursuant to the Fund’s constating documents which is a reduction of approximately 75.269% of each Class A shareholders’ holdings.  Each...

NORTON, Mass., March 02, 2020 (GLOBE NEWSWIRE) — CPS Technologies Corporation (Nasdaq:CPSH) today released instructions for its quarterly investor conference call which will be held on Wednesday, March 4, 2020 at 4:30 P.M. (Eastern). Grant Bennett, President and Chief Executive Officer, and Chuck Griffith, Chief Financial Officer, will discuss the Company’s financial results for the three months and full year ended December 28, 2019.Those interested in participating in the conference call should dial:1-833-953-1394Conference ID: 7577896About CPSCPS Technologies Corporation is a global leader in producing metal-matrix composite components used to improve the reliability and performance of various electrical systems. CPS products are used in motor controllers for hybrid and electric vehicles, high-speed trains, subway cars and wind...

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESCALGARY, Alberta, March 02, 2020 (GLOBE NEWSWIRE) — XORTX Therapeutics Inc. (“XORTX” or the “Company”) (CSE: XRX; OTCQB: XRTXF), a biopharmaceutical company focused on developing innovative therapies to treat progressive kidney disease, is pleased to announce that it has closed a first tranche of the non-brokered private placement announced on January 31, 2020 with the issuance of 18,259,427 units for gross proceeds of $2,556.319. Each unit comprises one common share and one common share purchase warrant exercisable at $0.25 for a period of one year from the issuance of the Units, provided, however, that if, at any time following the expiry of the statutory four month hold period, the closing price of the common shares on...

HAMILTON, Bermuda, March 02, 2020 (GLOBE NEWSWIRE) — Enstar Group Limited (NASDAQ: ESGR) announced today that one of its wholly owned subsidiaries has entered into an adverse development cover reinsurance agreement with Aspen Insurance Holdings Limited. In the transaction, Enstar’s subsidiary will reinsure losses incurred on or prior to December 31, 2019 on a diversified mix of property, liability and specialty lines across the U.S., U.K and Europe for a premium of $770 million.  Enstar will provide $770 million of cover in excess of a $3.805 billion retention, and an additional $250 million of cover in excess above $4.815 billion. Completion of the transaction is subject to regulatory approvals and satisfaction of various other closing conditions. The transaction is expected to close in the first half of 2020.About EnstarEnstar...

Adjusted EBITDA of $(38.1) million in Q4 2019 and of $(37.0) million in Full Year 2019Q4 2019 results:Sales of $364.4 million compared to $381.7 million in Q3 2019, and $591.1 million in Q4 2018Net loss of $(75.7) million compared to $(140.1) million in Q3 2019, and $(74.2) million in Q4 2018Adjusted EBITDA of $(38.1) million compared to $(7.2) million in Q3 2019 and $23.2 million in Q4 2018Full Year 2019 results:Sales of $1.60 billion compared to $2.24 billion in 2018Net loss of $(288.1) million, including a goodwill impairment charge of $174.0 million, compared to a net profit of $24.6 million in 2018Adjusted net loss attributable to Parent of $(114.0) million compared to a net profit of $64.4 million in 2018Adjusted EBITDA of $(37.0) million in 2019 compared to $230.1 million in 2018Gross debt of $481 million at the end of Q4 2019,...

TORONTO, March 02, 2020 (GLOBE NEWSWIRE) — Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) announces that it has determined the fixed dividend rate on its Cumulative 5-Year Rate Reset Preferred Shares, Series E (the “Series E Shares”) (TSX: FFH.PR.E) for the five years commencing April 1, 2020 and ending March 31, 2025. The fixed quarterly dividends on the Series E Shares during that period, if and when declared, will be paid at an annual rate of 3.183% (C$0.198938 per share per quarter).Holders of Series E Shares have the right, at their option, exercisable not later than 5:00 p.m. (Toronto time) on March 16, 2020, to convert all or part of their Series E Shares, on a one-for-one basis, into Cumulative Floating Rate Preferred Shares, Series F (the “Series F Shares”) (TSX: FFH.PR.F), effective March 31, 2020....

TORONTO, March 02, 2020 (GLOBE NEWSWIRE) — Kuuhubb Inc. (“Kuuhubb” or the “Company”) (TSX- V: KUU), a mobile game development and publishing company targeting the female audience with bespoke mobile experiences, has reported its unaudited financial results for the three- and six- month periods ended December 31, 2019. The Company’s unaudited consolidated financial statements as at, and for, the three and six months ended December 31, 2019 and related management’s discussion and analysis can be found on the Company’s SEDAR profile at www.sedar.com. The Company’s financial year end is June 30. Highlights for the Three and Six Months Ended December 31, 2019:Revenue for the three and six months ended December 31, 2019 was US$1.97 million and US$4.26 million, respectively (unaudited). This revenue was generated from sales of the...

CALGARY, Alberta, March 02, 2020 (GLOBE NEWSWIRE) — Canadian Premium Sand Inc. (“CPS” or the “Company”) (TSXV:CPS) has granted its directors and officers options to acquire an aggregate of 260,000 common shares of CPS at an exercise price of $0.35 per share until March 2, 2025. 90,000 options were granted to the Company’s President and Chief Executive Officer and Director, 50,000 options were granted to the Company’s Vice President, Business Development and 20,000 options were granted to each of CPS’ other directors. The options are exercisable over a five year period ending March 2, 2025, with one-third of the options vesting immediately, one-third vesting on the first anniversary date of the grant and one-third on the second anniversary date of the grant.About Canadian Premium Sand Inc.The...