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Day: April 3, 2020

MERCER INTERNATIONAL INC. ANNOUNCES DOWNTIME AT ITS JOINT VENTURE CARIBOO MILL

NEW YORK, April 03, 2020 (GLOBE NEWSWIRE) — Mercer International Inc. (“Mercer”) (Nasdaq: MERC) reports that its joint venture Cariboo pulp mill will be taking approximately 4 weeks of downtime starting on or about April 20, 2020, resulting in an approximate reduction of NBSK production of 30,000 tonnes of which Mercer’s share is 15,000 tonnes. The downtime is in connection with reduced fibre availability resulting from regional sawmill downtime. The cogeneration facility at the Cariboo mill will continue to operate during the downtime.Mercer International Inc. is a global forest products company with operations in Germany and Canada with consolidated annual production capacity of 2.2 million tonnes of pulp and 550 million board feet of lumber. To obtain further information on the company, please visit its website...

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Barrick’s Strong Foundation of Stable Production Supports Its Ten-Year Business Plan and Equips It for Further Growth

TORONTO, April 03, 2020 (GLOBE NEWSWIRE) — Since its merger with Randgold Resources at the beginning of last year Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick”) has moved a long way towards building a modern mining business, says Executive Chairman John Thornton in the company’s Information Circular for 2020 published today and available now at www.barrick.com/investors/agm and also filed on SEDAR (www.sedar.com) and EDGAR (www.sec.gov).The Circular follows the recent publication of Barrick’s 2019 Annual Report in which President and Chief Executive Mark Bristow said the work done during the past year had equipped management well to take Barrick to the next level.Included in the report is Barrick’s ten-year production plan which projects production of around five million ounces of gold per annum over the next decade.1“We...

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Exela Technologies Announces Receipt of Notification Letter from Nasdaq Due to Timing of Filing on Form 10-K

IRVING, Texas, April 03, 2020 (GLOBE NEWSWIRE) — Exela Technologies, Inc. (“Exela”) (NASDAQ: XELA), a location-agnostic global business process automation (BPA) leader across numerous industries, today announced that on April 2, 2020,  the Company received an anticipated notice (the “Notice”) from the Staff of the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, as a result of its failure to timely file its Annual Report on Form 10-K for the year ended December 31, 2019 (the “Form 10-K”), it is not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”), which requires timely filing of periodic reports with the SEC.In the Notice, Nasdaq indicated that the Company has 60 calendar days from the date of the Notice (or until June 2, 2020) to submit a plan to regain compliance...

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TPI Composites, Inc. Announces Temporary Reductions and Suspensions of Production at Certain of its Facilities and Updated Financial Outlook

SCOTTSDALE, Ariz., April 03, 2020 (GLOBE NEWSWIRE) — TPI Composites, Inc. (Nasdaq: TPIC), the only independent manufacturer of composite wind blades with a global footprint, today announced that it is currently operating its Chennai, India, manufacturing facility with a skeleton staff through April 15, 2020 and that it will temporarily operate its Matamoros, Mexico facility at reduced capacity beginning on April 3, 2020 through April 30, 2020. TPI also stated that it will operate its Izmir, Turkey manufacturing facilities at approximately 50% capacity during the first half of April.  TPI’s decision to temporarily reduce or suspend production at these manufacturing facilities is due primarily to certain applicable government-mandated stay at home orders in response to the COVID-19 pandemic which resulted in demands from its unions...

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FCA Reschedules AGM

FCA Reschedules AGMFiat Chrysler Automobiles N.V. (NYSE: FCAU / MTA: FCA) (“FCA”) announced today that the Annual General Meeting of the Company’s shareholders (“AGM”) scheduled for 16 April 2020 will be postponed to late June 2020, similarly to the corresponding measures adopted by several other manufacturers, in light of the continuing COVID-19 epidemic.This decision also results in the postponement of the resolution on the 2019 €1.1 billion ordinary dividend communicated at the time of entering into the Combination Agreement with Peugeot S.A.The new date for the AGM will be announced as soon as practicable.London, 3 April 2020AttachmentFCA Reschedules AGM

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FIRM CAPITAL PROPERTY ANNOUNCES EXCHANGE APPROVAL OF NORMAL COURSE ISSUER BID

TORONTO, April 03, 2020 (GLOBE NEWSWIRE) — Firm Capital Property Trust (“FCPT” or the “Trust”) (TSXV: FCD.UN) is pleased to announce that it has received approval from the TSX Venture Exchange (the “Exchange“) to commence a normal course issuer bid (the “Bid“) to purchase up to 2,829,746 of its trust units (“Trust Units“), being equal to 10% of the Public Float (as defined in the policies of the Exchange) as at April 3, 2020. Pursuant to the policies of the Exchange, the Bid will commence on April 8, 2020 and will end on the earlier of April 7, 2021, or at such time as the Bid has been completed or the Bid is terminated at the Trust’s discretion.The board of trustees of the Trust is of the opinion that the recent market prices of its Trust Units do not reflect the underlying value of its...

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