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Month: April 2020

Marrone Bio Innovations Receives Nasdaq Notice Regarding Failure to Satisfy a Continued Listing Rule

DAVIS, Calif., April 24, 2020 (GLOBE NEWSWIRE) — Marrone Bio Innovations, Inc. (Nasdaq: MBII) (the “Company”) today announced that it has received a letter from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) notifying the Company of its noncompliance with Nasdaq Listing Rule 5550(a)(2) as a result of the company’s closing bid price being below $1.00 per share for 30 consecutive days.Under Nasdaq Listing Rules, the Company usually has 180 calendar days from the date of the notification to regain compliance with Nasdaq Listing Rules. However, on April 16, 2020, Nasdaq filed an immediately effective rule change with the Securities and Exchange Commission resulting in the compliance periods for various price-based continued listing requirements being tolled until July 1, 2020. Thus, the Company has until...

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Jourdan Announces Resignation of Director

TORONTO, April 24, 2020 (GLOBE NEWSWIRE) — Jourdan Resources Inc. (TSX-V: JOR) (“Jourdan” or the “Company”) announces the resignation of Mr. Michael Dehn from its board of directors, effective immediately. Mr. Dehn has tendered his resignation from Jourdan’s board as he intends to focus on his other endeavours. The management and board of directors of Jourdan would like to thank Mr. Dehn for his service and the insight he has provided to the Company and wish him well in the future.About Jourdan ResourcesJourdan Resources Inc. is a Canadian junior mining exploration company trading under the symbol JOR on the TSX-V and 2JR1 on the Stuttgart Stock Exchange. The Company is focused on the acquisition, exploration, production, and development of mining properties. The Company’s properties are in Quebec, Canada, primarily in the spodumene-bearing...

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SmartCentres Declares Distribution for April 2020

TORONTO, April 24, 2020 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX:SRU.UN) announced today that the trustees of SmartCentres have declared a distribution for the month of April 2020 of CDN $0.15417 per trust unit, representing CDN $1.85 per unit on an annualized basis. Payment will be made on May 15, 2020 to unitholders of record on April 30, 2020.About SmartCentresSmartCentres Real Estate Investment Trust is one of Canada’s largest fully integrated REITs, with a best-in-class portfolio featuring 157 strategically located properties in communities across the country. SmartCentres has $9.9 billion in assets and owns 34.1 million square feet of income producing value-oriented retail space with over 98% occupancy, on 3,500 acres of owned land across Canada.SmartCentres continues to focus on enhancing...

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BIGG Digital Assets Inc. Postpones Filing of Annual Financial Statements and MD&A due to COVID-19 Related Delays

VANCOUVER, British Columbia, April 24, 2020 (GLOBE NEWSWIRE) — BIGG Digital Assets Inc. (“BIGG” or the “Company”) (CSE: BIGG; OTCQB: BBKCF; WKN: A2PS9W), announces that it is relying on an exemption adopted by the British Columbia Securities Commission (“BCSC”) and provided in BC Instrument 51-515 Temporary Exemption from Certain Corporate Finance Requirements (“Blanket Exemption Order”) for the purpose of extending the time required to comply with filing requirements resulting from the challenges posed by the COVID-19 pandemic.BIGG will delay the filing of its annual financial statements and related management discussion and analysis for the year ended December 31, 2019 (together the “Required Annual Filings”), due to be filed on or before on April 29, 2020, and rely on the extension...

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Nabis Holdings Inc. to Postpone Annual and Q1 Statutory Filings Due to COVID-19 Related Delays

VANCOUVER, British Columbia, April 24, 2020 (GLOBE NEWSWIRE) — Nabis Holdings Inc. (CSE:NAB) (OTC: NABIF) (FRA: A2PL) (“NabisTM” or the “Company”), a Canadian investment company with specialty investments in assets across multiple divisions of the cannabis sector, today announced that due to circumstances created by the COVID-19 pandemic, the BCSC and other members of the Canadian Securities Administrators granted “Issuers” in the Canadian securities industry up to an additional 45 days to complete year-end and Q1 F2020 statutory filings.  As a result of COVID-19 related inefficiencies, the Company will not be able to file its December 31, 2019 audited annual financial statements, Management Discussion and Analysis and Annual Information Form by its usual 120-day deadline of April 29, 2020 and will be relying on the extension. The...

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Grupo Aeroportuario del Pacifico Delaying Filing of Its 2019 Form 20-F and Annual Report

GUADALAJARA, JALISCO, Mexico, April 24, 2020 (GLOBE NEWSWIRE) — Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) informs that it has elected to delay the release and filing of its 2019 Form 20-F (the “20-F Report”) and Annual Report.Background for DecisionOn March 25, 2020, the U.S. Securities and Exchange Commission (“SEC”) modified an existing order with a new SEC order (Release No. 34-88465), which provides conditional relief to public companies that are unable to comply with their filing obligations in a timely manner as a result of the novel coronavirus COVID-19 (“COVID-19”). This revised order allows companies affected by COVID-19 to file their Form 20-F up to 45 days following the original filing due date (April 30, 2020).On April 8, 2020, in response to the COVID-19 outbreak...

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Applied BioSciences Terminates Agreement to Offer Test Kits and Amends March 31, 2020 Press Release

Los Angeles, CA, April 24, 2020 (GLOBE NEWSWIRE) — Applied BioSciences Corp. (the “Company”; OTCQB: APPB), a vertically integrated company focused on the development and commercialization of novel, science-driven, synthetic cannabinoid therapeutics/biopharmaceuticals that target the endocannabinoid system to treat a wide-range of diseases, today announced that it terminated its agreement with its supplier for COVID-19 test kits. The Company has not distributed, and will not be distributing, the test kit.Additionally, on March 31, 2020, the Company published a press release tilted, “Applied BioSciences Begins Offering Coronavirus Test Kit to the General Public to Combat Spread of COVID-19.”  The Company hereby amends such press release to emphasize that while at the time of publication of the March 31, 2020 press release, the US Food...

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Monterey Minerals Announces Update to Its Annual Filings

TORONTO, April 24, 2020 (GLOBE NEWSWIRE) — Monterey Minerals Inc. (CSE: MREY) (“Monterey” or the “Company”), announces that due to the impact on normal working conditions, and other restrictions caused by the COVID-19 pandemic, and pursuant to the blanket relief granted by the Canadian Securities Administrators, the Company will not file its annual financial statements for the year ended December 31, 2019, and its related management’s discussion and analysis, as would otherwise be required by Parts 4 and 5 of National Instrument 51-102-Continuous Disclosure Obligations (collectively, the “Annual Filings”) prior to the filing deadline of April 29, 2020.The Company expects to report its Annual Filings results on or about May 15, 2020 and is afforded a postponement of up to a maximum 45-day extension pursuant to blanket relief...

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Pathfinder Income Fund Announces Merger into INDEXPLUS Income Fund

CALGARY, Alberta, April 24, 2020 (GLOBE NEWSWIRE) — Middlefield Limited (the “Manager”), the manager of Pathfinder Income Fund (“Pathfinder”) (TSX: PCD.UN) and INDEXPLUS Income Fund (MID436) (“Indexplus”), is pleased to announce that Pathfinder will merge into Indexplus (“the Merger”) on or about July 8, 2020 (the date of completion being the “Effective Date”), with Indexplus being the continuing entity following the Merger.The Manager believes that Pathfinder unitholders will benefit from the Merger for the following reasons:Increased liquidity: Pathfinder unitholders will hold Series F units of Indexplus, a low cost open-end mutual fund that offers daily purchases and redemptions at net asset value.Reduced management fee: Pathfinder unitholders will see a management fee reduction from 0.85% to 0.50%.Larger asset base: The Merger...

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Summit Community Bank Inc. Completes Its Acquisition of Four WV Eastern Panhandle Branch Banking Offices

MOOREFIELD, W.Va., April 24, 2020 (GLOBE NEWSWIRE) — Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) today reported that its wholly-owned subsidiary, Summit Community Bank, Inc. has completed its previously announced acquisition of four branch banking offices of MVB Bank, Inc., a wholly-owned subsidiary of MVB Financial Corp. (NASDAQ: MVBF) located in the Eastern Panhandle of West Virginia. Three of the offices are in Berkeley County (651 Foxcroft Ave., Martinsburg; 231 Aikens Center, Martinsburg; and 5091 Gerrardstown Road, Inwood) and one is in Jefferson County (88 Somerset Boulevard, Charles Town).“We are excited to welcome the clients and employees of the four former MVB Bank branches to the Summit Community Bank team,” said Summit’s President and Chief Executive Officer, H. Charles Maddy, III.  “Summit is very excited...

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