Day: April 7, 2020
TORONTO, April 07, 2020 (GLOBE NEWSWIRE) — First Quantum Minerals Ltd. (“FQM” or the “Company”) (TSX: FM) announces that it is in receipt of Resolution No. 11622 dated April 6, 2020 issued by the Director General of Health of the Ministry of Health of the Republic of Panama (“MINSA”) ordering the temporary suspension of labour activities at its Panamanian subsidiary Minera Panama, S.A., as a sanitary control measure due to COVID-19.The Company has decided to place the Cobre Panama operation onto care and maintenance until MINSA are satisfied that the quarantine conditions are appropriate.“We have been working very closely with MINSA throughout the current COVID-19 pandemic,” said Gordon White, General Manager of the Cobre Panama operations. “We respect and support the Government’s efforts to reduce the impact of the pandemic in...
Cartier Intersects 5.0 g/t Au over 10.9 m, 250 m Below New Zones 5B4-5M4-5NE
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Highlights (FIGURE 1):Mineralized intersection of 5.0 g/t Au over 10.9 m included within 26.1 m grading 2.5 g/t Au at a distance of 250 m below the new Zones 5B4-5M4-5NE in the East Sector; Discovery of a 4th gold zone within the East Sector, named Zone 5CE, which returned 11.9 g/t Au over 2.0 m; The “NI 43-101 Technical Report and Mineral Resource Estimate, Chimo Mine Project, Central Gold Corridor, Val-d’Or, Quebec, Canada”, completed by GeoPointCom Inc and dated December 17th 2019, showed Zones 5B4-5M4-5NE having 28,400 ounces of gold in the indicated resource category and 137,140 ounces of gold in the inferred resource category; The results of this press release, factored with those of the press release dated February 18, 2020, increase the dimensions and, by the greater density of mineralized intersections, the potential for...
Cartier recoupe 5,0 g/t Au sur 10,9 m à Mine Chimo à 250 m sous les nouvelles Zones 5B4-5M4-5NE
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Faits saillants (FIGURE 1):Intersection minéralisée de 5,0 g/t Au sur 10,9 m inclus dans 26,1 m à 2,5 g/t Au à une distance de 250 m sous les nouvelles Zones 5B4-5M4-5NE du Secteur Est; Découverte d’une 4ième zone aurifère associée au Secteur Est soit la Zone 5CE, qui a titrée 11,9 g/t Au sur 2,0 m; L’estimation des ressources intitulée « NI 43-101 Technical Report and Mineral Resource Estimate, Chimo Mine Project, Central Gold Corridor, Val-d’Or, Québec, Canada », complétée par GéoPointCom Inc. et portant la date du, 17 décembre 2019, révélait que les nouvelles Zones 5B4-5M4-5NE possédaient déjà à cette date 28 400 onces d’or dans la catégorie de ressources indiquées et 137 140 onces d’or dans la catégorie de ressources présumées; Les résultats de ce communiqué, associés à ceux du communiqué du 18 février 2020, accroissent les dimensions...
JUGGERNAUT’S MIDAS VHMS PROPERTY EXPLORATION FULLY FUNDED
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VANCOUVER, British Columbia, April 07, 2020 (GLOBE NEWSWIRE) — Juggernaut Exploration Ltd.(TSX-V: JUGR) (OTCQB: JUGRF) (FSE: 4JE) (the “Company” or “Juggernaut”) is pleased to report the planned 2020 exploration program for the Midas property is now fully funded. The Midas property is a strong VHMS target confirmed by all work done to date. Based on the data compiled from the 2019 and 2018 drill programs we now believe some of the best targets remain untested. Results to date through drilling have substantiated this with the holes closest to East Creek fault. MD-19-21 displayed textures consistent with VHMS including a 0.5m interval of semi massive to massive pyrite from 47 to 47.5m containing 0.213 g/t Au with 6.03 g/t Ag and 0.368% Cu hosted within strongly sericite to silica altered rock. Several key targets remain untested...
The Bank of Åland’s preliminary net operating profit for Q1 and revision of the earnings forecast for 2020 in light of the market situation
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The Bank of Åland PlcStock exchange releaseApril 7, 2020, 2.45 p.m.The Bank of Åland’s preliminary net operating profit for Q1 and revision of the earnings forecast for 2020 in light of the market situationOn February 7, 2020, when the Bank of Åland (Ålandsbanken) published its Year-end Report for 2019, the Bank issued its future outlook for 2020. At that time, expectations were that in 2020 the Bank of Åland would report a better net operating profit than in 2019, that is, better than EUR 33.2 million.Preliminarily, net operating profit before impairment losses in the first quarter of 2020 amounts to EUR 10.7 M. This is EUR 4.5 M or 72 per cent better than in the same period of last year.The Bank of Åland is not yet seeing an increase in non-performing loans due to the coronavirus crisis, but model-driven impairment losses on financial...
Ålandsbankens preliminära rörelseresultat för Q1 samt revidering av resultatprognos för 2020 i ljuset av marknadssituationen
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Ålandsbanken AbpBörsmeddelande7.4.2020 kl. 14.45Ålandsbankens preliminära rörelseresultat för Q1 samt revidering av resultatprognos för 2020 i ljuset av marknadssituationenDen 7 februari 2020, i samband med att Ålandsbankens bokslutskommuniké för 2019 publicerades, offentliggjordes bankens framtidsutsikter för 2020. Då var förväntningarna att Ålandsbanken 2020 kommer redovisa ett bättre rörelseresultat än 2019, det vill säga bättre än 33,2 miljoner euro.Preliminärt uppgår rörelseresultatet före nedskrivningar första kvartalet 2020 till 10,7 miljoner euro. Det är 4,5 miljoner euro eller 72 procent bättre än samma period föregående år.Ålandsbanken ser ännu inte ökade oskötta krediter med anledning av Corona-krisen. Modelldrivna nedskrivningar av finansiella tillgångar enligt IFRS 9 ökar dock betydligt med anledning av en förväntad konjunkturnedgång....
FERRELLGAS, L.P. ANNOUNCES PROPOSED SENIOR SECURED FIRST LIEN NOTES OFFERING
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OVERLAND PARK, Kan., April 07, 2020 (GLOBE NEWSWIRE) — Ferrellgas, L.P. (the “Company”) and its wholly-owned subsidiary Ferrellgas Finance Corp. (together, the “Issuers”) announced today that they intend to offer $575 million aggregate principal amount of senior secured first lien notes due 2025 (the “Notes”) in a private offering to eligible purchasers. The Notes will be senior secured first lien obligations of the Issuers and will be guaranteed on a senior secured first lien basis by Ferrellgas Partners, L.P., Ferrellgas, Inc. and each existing and future subsidiary of the Company, subject to certain exceptions. The Issuers intend to use a portion of the net proceeds received from the offering of the Notes to repay all of the outstanding indebtedness under the Company’s existing senior secured credit facility, which will be terminated...
Lift & Co. and MCI USA Announce Strategic Partnership to Grow Lift & Co.’s Events Portfolio and Announce New Toronto Expo 2020 Date
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– Lift & Co. Toronto Expo 2020 to be held November 22 – 24th at the Metro Toronto Convention Centre –– Lift & Co. retains 100% equity ownership of its events portfolio and MCI USA assumes all operations –TORONTO, April 07, 2020 (GLOBE NEWSWIRE) — Lift & Co. Corp. (TSXV: LIFT) (OTCQB: LFCOF) (“Lift & Co.” or the “Company”) today is pleased to announce a strategic partnership with MCI USA, a recognized leader in meetings, events, and conferences, to grow Lift & Co.’s events portfolio. The Company is also pleased to announce in response to the current COVID-19 pandemic, it has successfully rescheduled its flagship Lift & Co. Expo in Toronto to November 22-25, 2020 at the Metro Toronto Convention Centre (“Toronto Expo 2020”).MCI USA is part of MCI Group, an international leader...
Medcolcanna Executes Definitive Agreement for Joint Venture and extends LOI for Investment into Extraction Subsidiary
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BOGOTÁ, Colombia, April 07, 2020 (GLOBE NEWSWIRE) — Medcolcanna Organics Inc. (TSX-V: MCCN) (“Medcolcanna”, “MCCN” or the “Company”), a Canadian medical cannabis company with operations in Colombia, is pleased to announce that, further to its press release dated February 24, 2020, through its subsidiary Medcolcanna S.A.S. it has executed a definitive joint venture agreement with Dona Blanca Limited (“Dona Blanca”) and has amended and extended one of the two previously signed letters of intent (“LOI”) with Dona Blanca Limited (“Dona Blanca”), an Australian based cannabis company with operations in Colombia.Pursuant to the definitive agreement, Dona Blanca will invest up to $1,000,000 USD ($1,420,000 CAD), to build up to an additional two (2) hectares of greenhouses on Medcolcanna’s fully licensed cultivation property which would earn...
Digihost Recommences Partial Operations, Bitcoin Value Appreciates
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VANCOUVER, British Columbia, April 07, 2020 (GLOBE NEWSWIRE) — Digihost Technology Inc. (“Digihost” or the “Company”) (TSXV: DGHI) is pleased to provide an operational update in response to the evolving COVID-19 pandemic. Pursuant to safe practices as they pertain to social distancing, the Company has been able to resume operations at the 75% level. In its news release of March 20, 2020, Digihost announced that it was ceasing operations until at least the end of March at which time it would revaluate this decision. The Company has reviewed its operational process and is comfortable that this equipment intensive business can be partially operated for the time being with a reduced number of staff in order to maintain a safe environment for its employees until the COVID-19 pandemic is brought under control.Concurrent with the partial...