Sanchez Midstream Partners Reports Fourth-Quarter and Full-Year 2019 Financial Results

Written by Customer Service on March 13, 2020. Posted in Public Companies.

HOUSTON, March 13, 2020 (GLOBE NEWSWIRE) — Sanchez Midstream Partners LP (NYSE American: SNMP) (“SNMP” or the “Partnership”) today reported fourth-quarter and full year 2019 results. Highlights from the report include:Fourth-quarter 2019 net loss of $47.8 million, compared to a net loss of $6.8 million for third-quarter 2019 and net income of $15.6 million for fourth-quarter 2018;Fourth-quarter 2019 Adjusted EBITDA (a non-GAAP financial measure) of approximately $12.2 million, compared to Adjusted EBITDA of $17.4 million for third-quarter 2019 and approximately $14.9 million for fourth-quarter 2018; andThe Partnership has reduced debt by $36.0 million (20 percent) since Dec. 31, 2018.FINANCIAL RESULTSThe Partnership’s fourth-quarter 2019 revenues totaled approximately $16.4 million, of which $14.4 million came from the midstream...

North Bud Farms Announces Expected Delay in Filing Annual Financial Statements

Written by Customer Service on March 13, 2020. Posted in Public Companies.

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.TORONTO, March 13, 2020 (GLOBE NEWSWIRE) — North Bud Farms Inc. (CSE: NBUD) (OTCQB: NOBDF) (“NORTHBUD” or the “Company“) announces that its annual financial statements for the year ended November 30, 2019, including the related management discussion and analysis, and CEO and CFO certifications (collectively, the “Annual Financial Filings”) are not expected to be filed by the required filing deadline of March 30, 2020 (the “Filing Deadline”).The Annual Financial Filings are not expected to be filed on or before the Filing Deadline due to the two recently completed acquisitions in the United States. The Company acquired two businesses, one...

CE BRANDS INC. AND EBUYNOW ECOMMERCE LTD. ANNOUNCE EXECUTION OF AMALGAMATION AGREEMENT

Written by Customer Service on March 13, 2020. Posted in Public Companies.

CALGARY, Alberta and VICTORIA, British Columbia, March 13, 2020 (GLOBE NEWSWIRE) — CE Brands Inc. (TSXV:CEBI.P, “CEBI”), 1233336 B.C. Ltd. (“CEBI Subsidiary”), a wholly-owned subsidiary of CEBI, and eBuyNow eCommerce Ltd. (“EBN”) are pleased to announce that they have entered into an amalgamation agreement dated March 12, 2020 (the “Amalgamation Agreement”), pursuant to which CEBI will acquire all of the issued and outstanding securities of EBN (the “Proposed Transaction”).The Proposed Transaction is subject to certain conditions and applicable shareholder and TSX Venture Exchange (the “Exchange”) approvals and is intended to constitute the Qualifying Transaction of CEBI within the meaning of the policies of the Exchange. Following the completion of the Proposed Transaction, CEBI intends to carry on the current business of EBN.EBNEBN...

HC2 HOLDINGS ISSUES STATEMENT REGARDING PERCY ROCKDALE’S PRELIMINARY CONSENT SOLICITATION FILING

Written by Customer Service on March 13, 2020. Posted in Public Companies.

Stockholders Are to Take No Action on Percy Rockdale’s Consent Solicitation MaterialsHC2 Continues to Successfully Execute on the Company’s Strategy to Reduce Debt and Pursue Strategic Alternatives, Which Has Resulted in a Positive ~24% YTD Return for Stockholders Despite Recent Market DislocationPercy Rockdale Repeatedly Refuses to Engage With HC2 Despite the Company’s Multiple Efforts to Have a Constructive Dialogue That Would Benefit All StockholdersPercy Rockdale’s Consent Solicitation Will Result in Increased Company Expenses Jeopardizing Stockholder Value Given the Company’s Annual Meeting Is Only a Few Months AwayNEW YORK, March 13, 2020 (GLOBE NEWSWIRE) — HC2 Holdings, Inc. (“HC2” or the “Company”) (NYSE: HCHC), a diversified holding company, issued the following statement in response to Percy Rockdale LLC’s (“Percy Rockdale”)...

SOUTHSIDE BANCSHARES, INC. INCREASES STOCK REPURCHASE PLAN AUTHORIZATION

Written by Customer Service on March 13, 2020. Posted in Public Companies.

TYLER, Texas, March 13, 2020 (GLOBE NEWSWIRE) — Southside Bancshares, Inc. (NASDAQ:SBSI), the holding company of Southside Bank, announced that its Board of Directors has increased its authorization under the Company’s current Stock Repurchase Plan (the “Plan”) by an additional 1.0 million shares, for a total authorization to repurchase up to 2.0 million shares of the Company’s common stock from time to time.Under the Plan, previously announced in September 2019, the Company has purchased approximately 387,000 shares at an average price of $31.52 through March 12, 2020, resulting in approximately 1.6 million authorized shares remaining.Repurchases may be carried out in open market purchases, privately negotiated transactions and pursuant to any trading plan that might be adopted in accordance with Rule 10b5-1 of the Securities...

Reservoir Capital Corp. Enters into Agreement to Complete its acquisition of Olocorp Nigeria Ltd adding 3.7MW Net Operating Capacity to REO to Reach 46.3MW

Written by Customer Service on March 13, 2020. Posted in Public Companies.

VANCOUVER, British Columbia, March 13, 2020 (GLOBE NEWSWIRE) — (CSE: REO) – Reservoir Capital Corp. (CSE: REO) (“REO” or the “Company”) is pleased to announce that, through its wholly-owned subsidiary, Kainji Power Holding Limited (“KPHL“), it has entered into a share sale and purchase agreement (the “Agreement”) with Olocorp Nigeria Ltd. (“OLOCORP”) and its major shareholder Eric Olo (“EOLO”) and his sister Clara, jointly the “Vendors”, pursuant to which REO shall acquire the remaining 40% equity stake in OLOCORP (the “Transaction”) in a Transaction that will compensate the Vendors with 46 million new REO common shares (“REO Shares”).About Olocorp Nigeria LimitedOLOCORP is a limited liability company registered in Nigeria in 2013 for the main purpose of holding shares in NSP, and currently owns 7,297,297...

SEACOAST COMPLETES ACQUISITION OF FIRST BANK OF THE PALM BEACHES

Written by Customer Service on March 13, 2020. Posted in Public Companies.

STUART, Fla., March 13, 2020 (GLOBE NEWSWIRE) — Seacoast Banking Corporation of Florida (NASDAQ: SBCF) (“Seacoast”), the holding company for Seacoast National Bank (“Seacoast Bank”), announced today the completion of its acquisition of First Bank of the Palm Beaches (“First Bank”), effective March 13, 2020, pursuant to the merger of First Bank with and into Seacoast.Under the terms of the merger agreement, First Bank shareholders will receive 0.2000 shares of Seacoast common stock for each share of First Bank common stock. The resulting aggregate merger consideration paid by Seacoast was approximately $21.9 million.First Bank, headquartered in West Palm Beach, has deposits of approximately $173 million and loans of $143 million as of December 31, 2019. Prior to the merger, First Bank operated...

EARLY WARNING REPORT IN RESPECT OF DREAM INDUSTRIAL REIT

Written by Customer Service on March 13, 2020. Posted in Public Companies.

TORONTO, March 13, 2020 (GLOBE NEWSWIRE) — DREAM OFFICE REAL ESTATE INVESTMENT TRUST (D.UN-TSX) or (“Dream Office REIT”, the “Trust” or “we”) announced today that it indirectly acquired 118,039 units (“Units”) of Dream Industrial Real Estate Investment Trust (TSX: DIR.UN) (“Dream Industrial REIT”), representing approximately 0.08% of the issued and outstanding Units, pursuant to Dream Industrial REIT’s dividend reinvestment and unit purchase plan (“DRIP”) and the DRIP-like features of the limited partnership agreement governing Dream Industrial LP (the “Industrial LP Agreement”). The 118,039 Units are referred to as the “Acquired Units”.The Acquired Units were indirectly acquired by Dream Office REIT pursuant to its election to reinvest the full amount of the March 13, 2020 distribution payable on the Units and the LP B Units indirectly...

ZARGON OIL & GAS LTD. PROVIDES 2019 FOURTH QUARTER AND FULL YEAR FINANCIAL RESULTS

Written by Customer Service on March 13, 2020. Posted in Public Companies.

CALGARY, Alberta, March 13, 2020 (GLOBE NEWSWIRE) — Zargon Oil & Gas Ltd. (“Zargon” or the “Company”) (TSX:ZAR) has released its 2019 fourth quarter and full year financial results. Highlights from the fourth quarter and year ended Dec. 31, 2019 are provided below: HIGHLIGHTS FROM THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2019

South Jersey Gas Files Rate Case with the New Jersey Board of Public Utilities

Written by Customer Service on March 13, 2020. Posted in Public Companies.

Folsom, March 13, 2020 (GLOBE NEWSWIRE) — Media Contact: 609-561-9000 x4496Media@sjindustries.comFOR IMMEDIATE RELEASESouth Jersey Gas Files Rate Case with the New Jersey Board of Public UtilitiesFOLSOM, N.J. – Mar. 13, 2020 – South Jersey Gas, a subsidiary of SJI (NYSE: SJI), today filed a petition with the New Jersey Board of Public Utilities requesting a revenue increase of approximately $75.3 million to recognize the infrastructure investments made to maintain the safety and reliability of its natural gas delivery system.Since South Jersey Gas last filed a base rate case in 2017, the Company has made approximately $341 million of net plant additions not currently reflected in rates.About South Jersey GasSouth Jersey Gas, subsidiary of SJI (NYSE:SJI), delivers safe, reliable, affordable natural gas and promotes energy efficiency...

Day: March 13, 2020

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