Month: March 2020

TORONTO, March 16, 2020 (GLOBE NEWSWIRE) — Hudbay Minerals Inc. (“Hudbay” or the “Company”) (TSX, NYSE: HBM) and Waterton Global Resource Management, Inc. (“Waterton”), today announced they have agreed to amend certain of the standstill provisions of the settlement agreement dated May 3, 2019 that resulted in the nomination of new directors independent of Waterton and, at the time, the Company. The parties have agreed to increase the number of Company shares that may be acquired by Waterton from 15.0% to up to 19.99% during the standstill period.  The parties also have agreed to amend certain provisions of the standstill and to extend the standstill period for six months if Waterton acquires beneficial ownership in excess of 16% of the Company’s shares prior to the original termination date, with an automatic extension of a further...

All amounts in U.S. dollars unless otherwise statedEach share of Class A common stock of TERP will be acquired for consideration equivalent to 0.381 of a BEP unit, which represents a 17% premium to TERP’s unaffected trading price1. TERP shareholders can elect to receive BEPC shares or BEP unitsCombined business will be one of the largest, integrated pure-play renewable power companies in the world with one of the strongest investment grade balance sheets in the sector, no material near term maturities, and a 20-year track record of creating shareholder value across multiple economic cyclesAvailable liquidity of the combined company will approximate $3.1 billion and shareholders will benefit from $5 billion of private capital available from Brookfield’s unlisted fundTERP shareholders will benefit from a broader growth mandate that includes...

HONG KONG, March 16, 2020 (GLOBE NEWSWIRE) — Bonso Electronics International, Inc. (NASDAQ: BNSO) today announced the results of the Company’s Annual General Meeting of Shareholders (the “AGM”) held on March 13, 2020, at the offices of the Corporation’s China subsidiary located at the 10th Floor, Commercial Building, 2 Zheng Feng Bei Road, Fu Yong, Shenzhen, China.At the AGM, the shareholders approved and ratified (i) the appointment of Mr. Anthony So, Mr. Andrew So, Mr. Albert So, Mr. Kim Wah Chung, Mr. Woo Ping Fok, and Mr. Henry F. Schlueter as members of the Board of Directors to serve for the ensuing year; (ii) the appointment of Moore Stephens CPA Limited, as Bonso’s independent registered public accounting firm for the fiscal year ending March 31, 2020; and (iii) an amendment to the 2004 Stock Option Plan to increase the number...

Not for distribution to U.S. News wire services or dissemination in the U.S.VANCOUVER, British Columbia, March 16, 2020 (GLOBE NEWSWIRE) — The Keg Royalties Income Fund (the “Fund”) (TSX: KEG.UN) and Keg Restaurants Ltd. (“KRL”) today announced the temporary closure of all 107 Keg locations across Canada and select US states. This becomes effective as of the close of business, Tuesday, March 17th. The City of Toronto is the exception, as the city has directed all dining room and bars close at midnight on Monday, March 16th. Senior leadership of KRL anticipate the closure will be no less than two weeks, but will provide more updates as the situation evolves.“As we have seen over recent weeks, the global spread of COVID-19 is impacting us all. Like most, we have been carefully monitoring the progression and have been strictly following...

PORT ALBERNI, British Columbia, March 16, 2020 (GLOBE NEWSWIRE) — Western Forest Products Inc. (TSX: WEF) (“Western”) and Huumiis Ventures Limited Partnership (“Huumiis”), a limited partnership beneficially owned by Huu-ay-aht First Nations, (“Huu-ay-aht”), have reached an agreement whereby Huumiis will acquire a majority ownership interest in TFL 44 Limited Partnership and an ownership interest in a newly formed limited partnership that will own the Alberni Pacific Division Sawmill for total consideration of $36.2 million (the “Transaction”). The key details of the Transaction are summarized below.TFL 44 Limited Partnership (“TFL 44 LP”)TFL 44 LP holds certain assets in Port Alberni, British Columbia, including Tree Farm Licence 44 (“TFL 44”) and other associated assets and liabilitiesHuumiis will acquire an incremental 44% ownership...

VANCOUVER, British Columbia, March 16, 2020 (GLOBE NEWSWIRE) — Western Resources Corp. (TSX: WRX) (“Western” or “the Company”) is pleased to announce that its shareholders approved all items put before them at the Company’s Annual General Meeting held on March 13, 2020. The approved items include:Fixed the number of directors of the Company at 6;The election of Wenye (Bill) Xue, Frederick (Fritz) Venter, Qinglong Xia, Yinping Wang, Guy Bentinck and Yujia Ren to the Board. Of the approximately 130.60 million common shares, representing 69.89% of the issued and outstanding common shares of the Company, voted at the meeting by ballot and by proxy, the approximate number of those votes “For” each director, and the approximate percentage of the total votes cast, are as follows: Bill Xue (111.49 million / 99.80%), Fritz Venter (111.49...

NASHVILLE, Tenn., March 16, 2020 (GLOBE NEWSWIRE) — CapStar Bank, a subsidiary of CapStar Financial Holdings (NASDAQ: CSTR), announced today the hiring of Mike Hill as its East Tennessee Market President.  He will work with Athens Market President Shane Sewell, Chattanooga/Cleveland Market President Jay Leggett, and Knoxville Market President Amy Pangelinan in leading the company’s banking activities and business development across the region.  Additionally, Hill will oversee CapStar’s Correspondent Banking and Government Guaranteed Lending divisions.  Hill will be located in Knoxville.“Over the past year, CapStar has quickly assembled one of East Tennessee’s strongest banking teams with the acquisition of Athens Federal and our de novo entry into Knoxville,” said Timothy K. Schools, CapStar’s president and Chief Executive Officer. ...

GREENSBORO, N.C., March 16, 2020 (GLOBE NEWSWIRE) — In a release issued under the same headline earlier today by HF Foods Group Inc. (NASDAQ: HFFG), please note that in each of the last Pro Forma Financial Summary – 2019 vs 2018 bullet and last Pro Forma 2019 Results paragraph, the Adjusted EBIDTA figures presented in both instances should have been “$32.9 million [in 2019] compared to $38.7 million in 2018” rather than “$31.2 million [in 2019] compared to $36.8 million in 2018” as originally issued. The corrected release follows:HF Foods Group Inc. (NASDAQ: HFFG), a leading food distributor to Asian restaurants across the Southeast, Pacific and Mountain West regions of the United States, reported full year and pro forma financial results for the year ended December 31, 2019. The pro forma results reflect...

RICHMOND HILL, Ontario, March 16, 2020 (GLOBE NEWSWIRE) — Helix BioPharma Corp. (TSX: “HBP”), a an immuno-oncology company developing drug candidates for the prevention and treatment of cancer, today announced its financial results for the fiscal second quarter ended January 31, 2020.OVERVIEWThe Company reported a consolidated net loss and total comprehensive loss, including non-controlling interest of $2,255,000 ($0.02 loss per common share) and $4,466,000 ($0.04 loss per common share), respectively for the three and six-month period ended January 31, 2020.  For the three and six-month periods ended January 31, 2019, consolidated net loss and total comprehensive loss including non-controlling interest totalled $1,908,000 ($0.02 loss per common share) and $3,287,000 ($0.03 loss per common share), respectively.To-date in fiscal 2020,...

TORONTO, March 16, 2020 (GLOBE NEWSWIRE) — WPT Industrial Real Estate Investment Trust (the “REIT”) (TSX: WIR.U; WIR.UN) (OTCQX: WPTIF) announced today that its Board of Trustees has declared a cash distribution for the month of March 2020 of US$0.0633 per unit. The distribution will be payable on April 15, 2020 to unitholders of record as of the close of business on March 31, 2020.Distributions paid to Canadian unitholders (and other non-U.S. unitholders) generally will be subject to U.S. withholding tax. For a general summary of the taxation of distributions paid to Canadian unitholders, including information regarding U.S. withholding tax, please see the “Certain Canadian Federal Income Tax Considerations”, “Certain U.S. Federal Income Tax Considerations” sections of the REIT’s prospectus dated April 18, 2013, and “Risk Factors...