Month: March 2020

TORONTO, March 23, 2020 (GLOBE NEWSWIRE) — Today SmartCentres REIT (“SmartCentres”) (TSX:SRU.UN), one of the largest real estate companies in Canada, announced that it is offering rent-free use of a total of up to 1-million square feet of space in 200 shopping centres across the country, as well as its land, parking lots and signage, to all Canadian governments and health care authorities, effective immediately, to assist in their COVID-19 support efforts. SmartCentres properties are strategically located at major intersections in every province across the country, easily accessible to a large percentage of the Canadian population; “We have been in contact with Leadership in all Provinces,” said Mitchell Goldhar, Executive Chairman of SmartCentres.  The land and buildings offered can be used for drive-through and/or walk-in assessment...

SANTIAGO, Chile, March 23, 2020 (GLOBE NEWSWIRE) — The Board of Directors of Santander Chile, in its extraordinary session held today, proposed to reschedule the Annual Shareholder’s Meeting for Thursday, April 30, and propose a new dividend distribution proposal in order to multiply its capacity to support clients during the Coronavirus crisis contingency.The President of the Board of Directors of Santander Chile, Claudio Melandri, explained that with this decision, and taking into account the economic contingency derived from Covid-19 pandemic, the Board decided to see what mechanisms were available to supports its clients. “All of the analysis on a global scale agree that the present situation requires renewed efforts from everyone involved so individuals, SMEs and companies in general, can count with the necessary support to...

HALIFAX, Nova Scotia and VANCOUVER, British Columbia, March 23, 2020 (GLOBE NEWSWIRE) — MegumaGold Corp. (CSE: NSAU, OTC: NSAUF, FWB: 2CM2) (“MegumaGold”) and Osprey Gold Development Ltd. (TSXV: OS) (“Osprey”) are pleased to announce that they have entered into a letter agreement (the “Agreement”) pursuant to which MegumaGold would acquire 100% of the issued and outstanding shares of Osprey via a business combination (the “Transaction”).The proposed Transaction would provide shareholders of both companies with:a natural district consolidation of Osprey’s properties including the Goldenville and Caribou projects, and MegumaGold’s extensive exploration land position;continued and increased exposure to Nova Scotia’s Meguma terrane;strengthened balance sheet;opportunities for operational and exploration synergies; andsignificantly strengthened...

Alex Schneiter, President and CEO of Lundin Petroleum AB (Lundin Petroleum) has written an open letter to shareholders in regard to current market conditions, measures taken to mitigate any impact from the current Covid-19 pandemic on operations and the resilience of the Company’s strategy and business model to low commodity prices.A full copy of the letter can be accessed through this link to the Company’s website:https://www.lundin-petroleum.com/investors/letter-to-shareholders/Key excerpts:The Company remains resilient against low oil prices:Average breakeven oil price to achieve free cash flow neutrality before debt repayment and dividends for the next seven years is c.USD 17 per barrel of oil equivalent1 (boe). This is a result of our world class producing fields having one of the lowest Operating Costs in our industry (long term...

Med anledning av de aktuella marknadsförhållandena har Alex Schneiter, koncernchef och vd för Lundin Petroleum AB (Lundin Petroleum) skrivit ett öppet brev till aktieägarna. Han beskriver där de åtgärder som vidtagits för att mildra den effekt covid‑19 pandemin kan komma att få på verksamheten och hur bolagets strategi och affärsmodell har förmåga att stå emot låga råvarupriser. Brevet i sin helhet finns att läsa på bolagets hemsida och nås via denna länk:https://www.lundin-petroleum.com/sv/investerare/brev-till-aktieagarna/SammanfattningBolaget står fortsatt väl rustat emot låga oljepriser:För att uppnå neutralt fritt kassaflöde, före återbetalning av lån och utdelningar för de kommande sju åren, uppgår det genomsnittliga break-even priset på olja till cirka 17 USD per fat oljeekvivalenter1 (boe). Detta är möjligt tack vare våra producerande...

LOS ANGELES, March 23, 2020 (GLOBE NEWSWIRE) — PacWest Bancorp (Nasdaq: PACW) (“PacWest”) announced today that it will temporarily suspend its stock repurchase program for the remainder of the first quarter and second quarter of 2020. PacWest has not repurchased any stock under its current stock repurchase program which became effective on March 1, 2020.The COVID-19 pandemic has become an unprecedented challenge for customers, employees and the global economy. In its announcement of a comprehensive program designed to support the flow of credit to businesses and households, the Federal Reserve encouraged banks to maintain strong capital levels and liquidity in order to ensure that actions that would otherwise limit access to credit are avoided. This action is being taken to support the efforts of the Federal Reserve to moderate the...

PRINCETON, N.J., March 23, 2020 (GLOBE NEWSWIRE) — PDS Biotechnology Corporation (Nasdaq: PDSB), a clinical-stage immuno-oncology company developing multiple therapies based on the Company’s proprietary Versamune® T-cell activating technology, today announced that Andrew Saik has resigned as the Company’s Chief Financial Officer (CFO) and a director of the board to pursue other professional opportunities, effective immediately.  Mr. Saik joined PDS Biotech following the merger with Edge Therapeutics in March 2019, where he was the CFO. The board of directors has initiated a search to identify a successor.The Company’s board of directors has appointed Frank Bedu-Addo, Ph.D., the Company’s President and Chief Executive Officer, as interim Principal Financial Officer and Janetta Trochimiuk, PDS Biotech’s Controller as interim...

Paris, Amsterdam, March 23, 2020Press releaseCOVID-19 Impact Update: Unibail-Rodamco-Westfield withdraws guidance and provides update on planned dividends for the 2019 fiscal year  On February 12, 2020, Unibail-Rodamco-Westfield (“URW” or “the Group”) announced its 2019 results and proposed a dividend of €10.80 per stapled share. There were only a limited number of COVID-19 cases outside China at that time. Since then, the COVID-19 pandemic has evolved significantly and at a very rapid pace.Governments and business are employing stringent measures to slow the spread of the COVID-19 virus, as described in the press releases issued by the Group on March 16 and 19. There is currently a lack of clarity about whether further measures will be deployed and significant uncertainty about the duration and impact of the COVID-19 pandemic on the...

MALVERN, Pa., March 23, 2020 (GLOBE NEWSWIRE) — Baudax Bio, Inc. (“Baudax” or the “Company”) (Nasdaq: BXRX), a pharmaceutical company focused on therapeutics for acute care settings, today announced that it has commenced an underwritten public offering of its common stock, Series A warrants and Series B warrants.  All of the securities in the offering are to be sold by Baudax.Baudax intends to use the net proceeds of the proposed offering for the launch and the commercialization of ANJESO™, pipeline development activities, and general corporate purposes.JMP Securities LLC and Oppenheimer & Co. Inc. are acting as joint book-running managers. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.The...

BEIJING, March 23, 2020 (GLOBE NEWSWIRE) — ChinaNet Online Holdings, Inc. (Nasdaq: CNET) (“ChinaNet” or the “Company”), an integrated online advertising, precision marketing, and data analysis and management platform company, today announced that it has filed with the Securities and Exchange Commission (the “SEC”) on March 20, 2020, to extend its 2019 Form 10-K filing deadline by 45 days to May 14, 2020.The Company applied for the extension due to the outbreak of the COVID-19 novel coronavirus, which has caused a delay in its auditor’s ability to perform the required audit work as well as a delay in the Company’s ability to consolidate and analyze its financial statements for the preparation of its annual report on Form 10-K.Importantly, the Company conducts its business operations in China, primarily in two...