Month: April 2020

MINNEAPOLIS, April 13, 2020 (GLOBE NEWSWIRE) — Inspire Medical Systems, Inc. (NYSE: INSP) (“Inspire”), a medical technology company focused on the development and commercialization of innovative and minimally invasive solutions for patients with obstructive sleep apnea, announced today the pricing of an underwritten public offering of 2,000,000 shares of its common stock, at a public offering price of $58.00 per share, before underwriting discounts and commissions. In addition, Inspire has granted the underwriters a 30-day option to purchase up to an additional 300,000 shares of its common stock at the public offering price, less underwriting discounts and commissions. All of the shares in the offering are to be sold by Inspire. The offering is expected to close on April 16, 2020, subject to customary closing conditions.BofA Securities,...

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.SALINAS, Calif., April 13, 2020 (GLOBE NEWSWIRE) — Indus Holdings, Inc. (“Indus” or the “Company”) (CSE: INDS; OTCQX: INDXF), a leading, California-focused cannabis company, announces that its subsidiary, Indus Holding Company (“US Subco”), has entered into a debenture and warrant purchase agreement (the “Purchase Agreement”) and closed the previously announced financing with investors, including Geronimo Capital and Merida Capital Partners (the “Financing”), for gross proceeds of US$12.6 million in excess of the previously announced US$2.3 million (plus accrued interest) bridge financing. Pursuant to the Financing, US Subco issued an aggregate of US$15.1 million of senior secured convertible debentures (“Convertible Debentures”), which are convertible...

Worldwide Rights Agreement Extended Through 2025Boston, MA, April 13, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Zoom Telephonics, Inc. (“Zoom”) (OTCQB: ZMTP), a leading manufacturer of cable modems and other communications products, today announced the extension of its Home Networking License with Motorola Mobility LLC.  The renewed agreement runs through 2025 and applies to a wide range of products, including consumer-grade cellular modems and gateways, DSL modems and gateways, and MoCA (Multimedia over Coax) adapters.“Motorola strives to enable everyone to stay connected,” said Dave Carroll, Executive Director of Strategic Brand Partnerships for Motorola. “Through this expanded partnership with Zoom, we are thrilled to enable consumers more ways to work and play from home, while managing their home network with a suite...

VANCOUVER, British Columbia, April 13, 2020 (GLOBE NEWSWIRE) — Resinco Capital Partners Inc. (CSE: RIN, OTC: RSCZF, FRANKFURT: L6V1) (the “Company” or “Resinco”) is pleased to announce that it has changed its name from Resinco Capital Partners Inc. to Global Care Capital Inc. and its ticker symbol from “RIN” to “HLTH”. Subject to approval of the Canadian Securities Exchange (the “CSE”), the Company expects the name and symbol change to take effect on April 17th, 2020 when its common shares will begin trading on the CSE under the new name “Global Care Capital Inc.” and new ticker symbol “HLTH”. Pursuant to the press release dated April 6th, 2020, the Company engaged in due diligence and research procedures in search of new, early stage investment opportunities in the Healthcare Sector to diversify and strengthen its existing portfolio. ...

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...