Day: April 14, 2020
MCLEAN, Va., April 14, 2020 (GLOBE NEWSWIRE) — Gladstone Capital Corporation (Nasdaq: GLAD) (the “Company”) announced today that its board of directors declared the following monthly cash distributions for April, May and June 2020 and also announced its plan to report earnings for the second fiscal quarter ended March 31, 2020.Cash Distributions:Common Stock: $0.065 per share of common stock for each of April, May and June 2020, payable per the table below.Comments from Gladstone Capital’s President, Bob Marcotte: “We are encouraged by GLAD’s preliminary estimates of our second fiscal quarter financial results based on the underlying performance of our diversified investment portfolio, as many of our companies have taken immediate actions to manage the unprecedented events of the past month related to Covid-19. However, we also...
Lilis Energy Receives Additional Extension on Final Borrowing Base Deficiency Payment
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FORT WORTH, Texas, April 14, 2020 (GLOBE NEWSWIRE) — Lilis Energy, Inc. (NYSE American: LLEX) (the “Company”), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, announced today that the Company’s bank lending group has agreed to amend the existing revolving credit agreement to extend the due date for the final installment payment of $7.75 million on the previously announced borrowing base deficiency from April 14, 2020 to April 21, 2020. As previously reported, the first two borrowing base deficiency installment payments under the amended revolving credit agreement aggregating $17.25 million were funded on February 28, 2020. The due date for the final $7.75 million installment payment is April 21, 2020.The Company is continuing to consider transactions to fund the repayment...
Ingredion to Release 2020 First Quarter Financial Results on Tuesday, May 5, 2020
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WESTCHESTER, Ill., April 14, 2020 (GLOBE NEWSWIRE) — Ingredion Incorporated (NYSE: INGR), a leading global provider of ingredient solutions to the food manufacturing industry, will release its 2020 first quarter financial results for the period ended March 31, 2020, before the market opens on Tuesday, May 5, 2020.Jim Zallie, president and chief executive officer, and James Gray, executive vice president and chief financial officer, will host a conference call on May 5 at 8 a.m. CT to discuss the Company’s financial performance. The conference call and accompanying slide presentation will be webcast live at https://ir.ingredionincorporated.com/events-and-presentations. Participants are encouraged to log on to the webcast approximately 10 minutes before the start of the presentation. A replay of the presentation will be available...
Brookfield Asset Management 2020 First Quarter Results Conference Call and Webcast
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Date: Thursday, May 14, 2020Time: 11:00 a.m. (Eastern Time)BROOKFIELD, NEWS, April 14, 2020 (GLOBE NEWSWIRE) —First Quarter Conference CallYou are invited to participate in Brookfield Asset Management’s 2020 First Quarter Conference Call & Webcast on Thursday, May 14, 2020 at 11:00 a.m. (Eastern Time) to discuss with members of senior management our results and current business initiatives.These results will be released on May 14th before 7:00 a.m. (Eastern Time) and will be available following the release on our website at www.brookfield.com “News – Press Releases.” The Conference Call will also be Webcast live on our website, where it will be archived for future reference.To participate in the Conference Call, please dial 1-866-688-9425 toll free in North America, or for overseas calls please dial 1-409-216-0815 (Conference...
Stornoway Extends Care and Maintenance Period at Renard Diamond Mine
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LONGUEUIL, Québec,, April 14, 2020 (GLOBE NEWSWIRE) — Stornoway Diamonds (Canada) Inc. (the “Corporation” or “Stornoway”) announced today that it will extend the care and maintenance period of its operations due to depressed diamond market conditions despite the announcement of Québec Minister of Natural Resources to restart mining activities in the province. The operations located in the James Bay territory had been suspended on March 24th, 2020 following the order by the Quebec Government public health authorities as a measure to combat the COVID-19 world health crisis. The Government has lifted this order effective April 15, 2020.Diamond MarketDespite positive signs in the diamond market in early 2020, the recent COVID-19 pandemic has resulted in the entire marketing chain and diamond price to collapse.Key factors affecting...
Stornoway prolonge la mise en veille des opérations de la mine de diamant Renard
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LONGUEUIL, Québec, 14 avr. 2020 (GLOBE NEWSWIRE) — Stornoway Diamonds (Canada) Inc. (la “Société” ou “Stornoway”) a annoncé aujourd’hui qu’elle prolongera la période de mise en veille de ses opérations en raison du contexte qui prévaut actuellement dans le marché du diamant, et ce malgré l’annonce du ministre des ressources naturelles du Québec de redémarrer les activités minières dans la province. Les opérations situées sur le territoire de la Baie James avaient été suspendues le 24 mars 2020 pour donner suite à l’ordonnance des autorités de santé publique du gouvernement du Québec comme mesure de lutte contre la crise sanitaire mondiale de COVID-19. Le gouvernement a levé cette ordonnance à compter du 15 avril 2020.Marché du diamantMalgré des signes positifs sur le marché du diamant début...
Delphi Energy Corp. Announces Continuation of Its Strategic Process Under a Court-Supervised Restructuring Proceeding
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CALGARY, Alberta, April 14, 2020 (GLOBE NEWSWIRE) — Delphi Energy Corp. (“Delphi” or the “Company”) announces that it intends to continue to carry out its strategic alternatives process, which may involve the sale of all or a portion of the business and assets or shares of the Company, or a refinancing, recapitalization or other restructuring transaction (the “Strategic Process”). However, it will now do so through a court-supervised restructuring proceeding.Delphi was facing a breach of its Total Debt to EBITDA ratio under its credit agreement with its senior secured lenders, ATB Financial (as administrative agent), Bank of Montreal and The Bank of Nova Scotia (together the “Senior Lenders”). Delphi was unable to negotiate an agreement with its Senior Lenders that would have provided a waiver or amendment of the financial covenant...
Lifeway Foods, Inc. Increases Production to Support Accelerated Demand and Local Communities during COVID-19 Health Crisis
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Expects First Quarter 2020 Preliminary, Unaudited Net Sales to Increase 2% to 4% from 1Q19 with the Month of March Net Sales Up Over 13% Year-over-YearDelivers Second Consecutive Sequential Quarter of Sales Improvement with Strong Industry TailwindsMORTON GROVE, Ill., April 14, 2020 (GLOBE NEWSWIRE) — Lifeway Foods, Inc. (Nasdaq: LWAY) (“Lifeway” or “the Company”), the leading U.S. supplier of kefir and fermented probiotic products to support the microbiome, today provided a business update in conjunction with reporting its fourth quarter and full year results for the period ended December 31, 2019 which was filed today with the Securities and Exchange Commission. Lifeway also announced that it expects preliminary, unaudited first quarter 2020 net sales to increase 2% to 4% as compared to the first quarter of 2019 with the month...
Gulf Resources Announces Audited Financial Results for Fiscal 2019
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SHOUGUANG, China, April 14, 2020 (GLOBE NEWSWIRE) — Gulf Resources, Inc. (NASDAQ:GURE) (“Gulf Resources,” the “Company,” or “we”), a leading manufacturer of bromine, crude salt and specialty chemical products in China today announced its audited financial results for the fiscal year ended December 31, 2019.The past 30 months have been difficult for our company. During this time, we closed our facilities for rectification, were impacted by the second most destructive Typhoon in Chinese history, and had to close our facilities for longer than expected because of COVID-19. However, all of these difficulties are now largely behind us and we have optimism about the future.On September 1, 2017, our company and its competitors received letters from the government instructing us to close our bromine and chemical...
Integrity Applications Issues Shareholder Update Letter
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Wilmington, DE and Ashdod, Israel, April 14, 2020 (GLOBE NEWSWIRE) — Integrity Applications, Inc. (www.integrity-app.com) (OTCQB: IGAP), innovator of GlucoTrack®, a non-invasive device for measuring glucose levels in people with Type 2 diabetes and prediabetes, issued a letter to its shareholders providing an update on its business.Dear Fellow Shareholders,We are writing this letter to provide an update on our business and hope it finds you and your families safe and healthy.We are cautious with our outlook in light of this unprecedented situation, as global implications are still too uncertain to even speculate at this time. However, we are confident in our technology and the market need for our solution, so we continue to move ahead with all strategic initiatives and anticipate limited long-term impact from the coronavirus.We...