Day: March 24, 2020

EIMSKIPS’S EBITDA GUIDANCE FOR 2020 WITHDRAWN

Eimskip has decided to withdraw its guidance for 2020 due to uncertainty surrounding the COVID-19 pandemic. The increasing negative impact on global economies, including in the North-Atlantic Region which is the Company’s core market area, is likely to affect sales and profitability in coming weeks and months.Considering the rapid day-to-day changes, the Company is currently unable to assess the length of the period or the level of the impact. Eimskip continues to monitor the development of the COVID-19 and is working on various contingency planning measures to limit the effect on the operation. The focus has been on the safety and health of the employees and to maintain and secure the Company’s logistic chain and customer services.The operating results in the first quarter have been somewhat mixed. Following a reasonable start of the...

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Eimskip fellir afkomuspá fyrir árið 2020 úr gildi

Eimskip hefur ákveðið að fella afkomuspá sína fyrir árið 2020 úr gildi vegna óvissunnar í tengslum við Covid-19 veiruna. Aukin neikvæð áhrif á alþjóðlegt efnahagsumhverfi, þ.á.m. Norður-Atlantshafssvæðið sem er kjarnamarkaður félagsins, mun hafa áhrif á tekjur og arðsemi á næstu vikum og mánuðum.Þegar hafðar eru í huga þær breytingar sem eiga sér stað dag hvern er ljóst að félagið getur ekki í þessu ástandi metið hversu lengi það muni vara og hvaða áhrif það mun hafa. Eimskip mun halda áfram að vakta og fylgjast grannt með þróun Covid-19, en félagið hefur gripið til margvíslegra aðgerða síðustu daga og vikur til að takmarka áhrifin á reksturinn. Áherslan hefur verið lögð á að tryggja öryggi og heilsu starfsmanna og að tryggja flutningakeðju félagsins og þjónustu við viðskiptavini.Reksturinn á fyrsta ársfjórðungi þessa árs hefur verið...

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FALCO AND GOLDEN QUEEN ANNOUNCE GOLDEN QUEEN SHAREHOLDERS’ APPROVAL AT THE SPECIAL MEETING

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESMONTREAL, March 24, 2020 (GLOBE NEWSWIRE) — Falco Resources Ltd. (TSX-V: FPC) (“Falco“) and Golden Queen Mining Consolidated Ltd. (NEX: GQM.H, OTCQB: GQMND) (“Golden Queen“) are pleased to announce that Golden Queen shareholders approved the plan of arrangement with Falco whereby Falco is to acquire all of the issued and outstanding shares of Golden Queen (the “Transaction”) at the special meeting of shareholders held earlier today (the “Meeting”), approving the Transaction announced on February 11, 2020.The Transaction was approved by 99.64% of the votes cast by Golden Queen shareholders, with shareholders holding 6,033,912 shares or 44.59% of the outstanding shares of the Company present in person or represented...

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FALCO ET GOLDEN QUEEN ANNONCENT L’OBTENTION DE L’APPROBATION DES ACTIONNAIRES DE GOLDEN QUEEN À L’ASSEMBLÉE EXTRAORDINAIRE

NE PAS DISTRIBUER AUX AGENCES DE TRANSMISSION AUX ÉTATS‑UNIS NI DIFFUSER AUX ÉTATS‑UNISMONTRÉAL, 24 mars 2020 (GLOBE NEWSWIRE) — Ressources Falco ltée (TSX-V : FPC (« Falco ») et Golden Queen Mining Consolidated Ltd. (NEX : GQM.H; OTCQB : GQMND) (« Golden Queen ») ont le plaisir d’annoncer que les actionnaires de Golden Queen ont approuvé le plan d’arrangement conclu avec Falco, aux termes duquel Falco fera l’acquisition de la totalité des actions émises et en circulation de Golden Queen (l’« opération »), à l’assemblée extraordinaire des actionnaires qui a lieu plus tôt dans la journée aujourd’hui (l’« assemblée »), approuvant ainsi l’opération annoncée le 11 février 2020.L’opération a été approuvée par 99.64% des droits de vote exprimés par les actionnaires de Golden Queen détenant un total de 6 033 912 actions ou 44.59% des actions...

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Cannabix Technologies Provides Update Regarding COVID-19

VANCOUVER, British Columbia, March 24, 2020 (GLOBE NEWSWIRE) — Cannabix Technologies Inc. (CSE: BLO) (OTC PINK: BLOZF) (the “Company or Cannabix”), developer of marijuana breathalyzer devices for law enforcement and the workplace, reports that the Company and its staff remain operational at our labs in Vancouver, B.C. and Gainesville, Florida. The Company is closely monitoring the COVID-19 pandemic and has implemented additional measures at its lab locations to help safeguard the health of its staff while continuing to operate effectively. The Company has also begun preparations if further measures are implemented by governments in the coming days and weeks ahead.  These preparations would allow company staff to continue operations remotely if needed. The Company has experienced some temporary delays in parts shipments from some...

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Fortuna reports illegal road blockades affecting its San Jose Mine in Oaxaca

VANCOUVER, British Columbia, March 24, 2020 (GLOBE NEWSWIRE) — Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) reports that a group of individuals led by the former mayor of San José del Progreso, in the state of Oaxaca in Mexico, has illegally blockaded Federal Highway 175 and roads in the municipality of San José del Progreso, including access to the San Jose Mine, to protest the action taken by the Electoral Tribunal of the State of Oaxaca in revoking his appointment as mayor. As a result of the illegal blockade, the Company has temporarily halted mining and processing operations at the San Jose Mine. It maintains a taskforce on site to oversee critical activities to support the appropriate safety and environmental systems in place, and to ensure a prompt return to operations when the blockade is lifted.The Company is confident...

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GNC Holdings, Inc. Reports Fourth Quarter and Full Year 2019 Results

Net loss of $33.5 million for the fourth quarter of 2019, compared with net income of $58.8 million for the fourth quarter of 2018; Adjusted net loss of $0.4 million, compared with adjusted net loss of $10.0 million in the fourth quarter of 2018U.S. company-owned same store sales decreased 2.4% compared with the fourth quarter of 2018U.S. and Canada segment achieved year-over-year operating income growth for 2019PITTSBURGH, March 24, 2020 (GLOBE NEWSWIRE) — GNC Holdings, Inc. (NYSE: GNC) (the “Company”) reported consolidated revenue of $470.4 million in the fourth quarter of 2019, compared with consolidated revenue of $547.9 million in the fourth quarter of 2018.  The decrease in revenue was primarily a result of the transfer of the Nutra manufacturing and China businesses to joint ventures formed in the first quarter of 2019, the...

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Ryman Hospitality Properties, Inc. Provides COVID-19 Business Update

NASHVILLE, Tenn., March 24, 2020 (GLOBE NEWSWIRE) — Ryman Hospitality Properties, Inc. (NYSE: RHP) (the “Company”) today provided the following update on the impact of the COVID-19 virus:Business UpdateColin Reed, Chairman and Chief Executive Officer of the Company, said, “In addition to the previously announced actions we have taken to mitigate the operating and financial impact of the COVID-19 pandemic, we are working with our management company, Marriott, to temporarily suspend operations at our five hotels that comprise the Gaylord Hotels convention network. After taking into account the recommendations of local health authorities and expected demand levels over the upcoming weeks, we have determined that a temporary suspension of operations is in the best interests of the employees in our hotel properties, the local communities...

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H+H suspends 2020 outlook

H+H’s financial outlook announced on 11 March 2020 assumed no severe impact from the outbreak of the coronavirus (Covid-19) on construction activity level or supply chains. However, following measures taken by the UK Government on 23rd March we see temporary closure of distribution centres and buildings sites in the UK, which may impact full-year results. This in combination with further lack of visibility due to the Covid-19 outbreak leads us to suspend the earlier announced financial outlook for 2020.Sales and financial performance so far in 2020 have been good and according to plan.The situation is monitored closely, contingency plans are in place and all relevant precautions are taken for the business and H+H employees.H+H will provide updated outlook for 2020 when there is greater clarity on the coronavirus’ impact on markets and...

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Chanticleer Holdings Announces 1:1 Distribution Ratio for Spin-Off and Provides Corporate Update

CHARLOTTE, N.C., March 24, 2020 (GLOBE NEWSWIRE) — Chanticleer Holdings, Inc. (Nasdaq: BURG) (the “Company” or “Chanticleer”), owner, operator and franchisor of multiple nationally-recognized restaurant brands, today announced the 1:1 distribution ratio for its upcoming spin-off and provided a corporate update disclosing:Sonnet Merger Continues towards ClosingRestaurant Business to Spin Off as Independent “Amergent Hospitality Group”Amergent Hospitality Group Hitting the Ground RunningSpin-Off RatioAll stockholders of record as of the close of business on March 26, 2020 that hold shares in Chanticleer are eligible for one share of the spin-off entity, Amergent Hospitality Group, Inc. (“Amergent”), for each share of Chanticleer owned at that time. Amergent is a newly formed entity owned by Chanticleer stockholders independent of...

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