Day: April 13, 2020

VANCOUVER, British Columbia, April 13, 2020 (GLOBE NEWSWIRE) — Madison Pacific Properties Inc. (the Company) (TSX: MPC and MPC.C), a Vancouver-based real estate company announces the results of operations for the six months ended February 29, 2020.The results reported are pursuant to International Financial Reporting Standards (IFRS) for public companies.For the six months ended February 29, 2020, the Company is reporting net income of $14.7 million (2019: $17.3 million); cash flows from operating activities before changes in non-cash operating balances of $7.0 million (2019: $6.3 million); and income per share of $0.25 (2019: $0.28). Included in net income is an after-tax net gain from the fair value adjustment on investment properties of $9.9 million (2019: $11.7 million).The Company currently owns approximately $574 million in...

HOUSTON, April 13, 2020 (GLOBE NEWSWIRE) — SAExploration Holdings, Inc. (“SAE”) (NASDAQ: SAEX, OTCQB: SXPLW) today announced that it is initiating a process to analyze and evaluate various strategic alternatives to address its capital structure and to position SAE for future success.The outcome of the strategic review process will depend on the opportunities which arise within such process, and there is no assurance of any particular outcome or its timing.  To assist the Board of Directors and management team in analyzing and evaluating these opportunities, SAE has retained Imperial Capital, LLC as its financial advisor.Given the nature of the strategic alternatives process, SAE does not intend to make any future announcements concerning this process or developments related to its review until such time as SAE determines that further...

ANN ARBOR, Mich., April 13, 2020 (GLOBE NEWSWIRE) — Zomedica Pharmaceuticals Corp. (NYSE American: ZOM) (“Zomedica” or the “Company”), a veterinary diagnostic company, today announced that, on April 7, 2020, the Company filed with the United States Securities and Exchange Commission (the “SEC”) a Current Report on Form 8-K (the “Covid 19 Form 8-K”) providing an update on the effect of the novel coronavirus pandemic on its operations. In our Annual Report, we stated our expectations with respect to the timing of development and commercialization of our TRUFORMA™ platform. The Covid 19 Form 8-K provides disclosure of the impact of the pandemic on the expected timing, and indicates that we will not be able to achieve the timeframes we had previously anticipated. The Covid 19 Form 8-K also supplements the risk factors disclosed in the...

CALGARY, Alberta, April 13, 2020 (GLOBE NEWSWIRE) — NXT Energy Solutions Inc. (“NXT” or the “Company”) (TSX:SFD; OTC QB:NSFDF) has directed Alberta Green Ventures Limited Partnership (“AGV”) to deliver US$250,000 in cash or other immediately available funds to NXT and has revoked its previous direction to deliver common shares in the capital of the Company for cancelation (the “Share Settlement”) as repayment of amounts owing by AGV under the previously announced loan arrangement (the “Loan Arrangement”).  NXT and AGV were unable to reach agreement on a new price of the shares under the Share Settlement within a framework required for regulatory approvals which has given rise to the demand for repayment in cash.For further information regarding the Loan Arrangement, please refer to...

Vancouver, April 13, 2020 (GLOBE NEWSWIRE) — (Vancouver, British-Columbia) April 13, 2020 – Lomiko Metals Inc. (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) (“Lomiko” or the “Company”).  As a result of current market conditions, the Company is making an application to the TSX Venture Exchange (the “Exchange”) for a waiver to a private placement price.  The proposed pricing of the private placement is made in reliance on the temporary relief measures established by the TSX Venture Exchange Bulletin dated April 7, 2014.  The Company anticipates to issue 25,000,000 units at a price of $0.02 for gross proceeds of $500,000.  Each unit will be comprised of one common share in the capital of the Company and one warrant.  Each whole warrant will permit the holder to acquire one additional common share of the Company at a price of $0.05 for...

WINNIPEG, Manitoba, April 13, 2020 (GLOBE NEWSWIRE) — DELTA 9 CANNABIS INC. (TSX: DN) (OTCQX: VRNDF) (“Delta 9” or the “Company”), is pleased to announce it has received Health Canada approval for its new purpose-built cannabis processing center which will allow for fully automated bottling, packaging, capping and labelling of its consumer-packaged dried cannabis products. The Company anticipates that once the processing center is operating at capacity it will allow for processing of up to 25,000 kg/year of dried cannabis flower material.“We have increased our licensed cannabis cultivation output significantly over the past two years to our current 8,325 kg/year capacity. This approval will allow us to streamline and automate our packaging and labelling activities and improve our ability to bring consumer packaged cannabis products...

TORONTO, April 13, 2020 (GLOBE NEWSWIRE) — Forsys Metals Corp. (“Forsys” or the “Company”) (TSX: FSY) (FSE: F2T) (NSX:FSY) is pleased to announce that further to the Company’s press release dated April 2, 2020, it has filed its annual audited financial statements, management’s discussion and analysis and annual information form together with the related CEO and CFO certifications for the year ended December 31, 2019 under its SEDAR profile at www.sedar.com. FORWARD-LOOKING STATEMENTSThis press release contains certain forward-looking statements with respect to the Company. Such forward-looking statements are dependent upon a certain number of factors and are subject to risks and uncertainties. Management does not assume any obligation to update or revise any forward-looking statements, whether as a result of new information or future...

HOUSTON, April 13, 2020 (GLOBE NEWSWIRE) — In connection with the proposed merger (the “Merger”) involving Era Group Inc. (“Era”) and Bristow Group Inc. (“Bristow”), on February 6, 2020, Era and Bristow each filed a premerger notification and report form under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”) with the Antitrust Division of the Department of Justice and the Federal Trade Commission.  On March 11, 2020, Era re-filed its HSR premerger notification and report form.  At 11:59 p.m., Eastern Time, on April 10, 2020, the waiting period with respect to the HSR Act expired.The expiration of the waiting period under the HSR Act satisfies a condition to the closing of the Merger. The closing of the Merger remains subject to other customary closing conditions, including the approval of the...

CALGARY, Alberta, April 13, 2020 (GLOBE NEWSWIRE) — DIVERGENT Energy Services Corp. (“Divergent”, the “Corporation”, or the “Company“) (DVG: TSX-V) announces that its common shares will be reinstated for trading by the TSX Venture Exchange effective at the opening of trading on Tuesday, April 14, 2020.  The Company also provides the following corporate update.Further to its press release of March 30, 2020, the Company has taken decisive action to preserve its cash position while maintaining a core complement of staff capable of responding to service needs within our existing client base and service area. The Company has significantly reduced its workforce by temporarily laying off field and office staff and is pursuing all government wage subsidy programs that may apply in both Canada and the United States.  Senior executive...

TORONTO, April 13, 2020 (GLOBE NEWSWIRE) — Petrolympic Ltd. (TSX-V: PCQ) (the “Company”), wishes to announce that the Company is postponing the reporting of its fourth quarter, and full year, 2019 audited Financial Statements and Management’s Discussion and Analysis (“MD&A”) as a result of delays caused by the COVID-19 pandemic. The Company aims to file these documents by the end of May 2020 under the terms of the 45-day extension announced by the Ontario Securities Commission under the “Ontario Instrument 51-502”, dated March 23, 2020.The Company ratifies that management and the Company’s insiders remain subject to the Company’s Insider Trading Policy and confirms that there have been no material business developments since November 2019 when the Company filed its third quarter interim financial results other than...