Month: April 2020

CALGARY, Alberta, April 29, 2020 (GLOBE NEWSWIRE) — DIVERGENT Energy Services Corp. (“Divergent”, the “Company“, “our” or “DVG”) (DVG: TSX-V) announces the release of its financial results for the year ended December 31, 2019.FINANCIAL AND OPERATING HIGHLIGHTS – YEAR ENDED DECEMBER 31, 2019Demand for artificial lift services across the United States remained strong throughout 2019 and the Company was able to secure work in adjacent geographic areas within the region that delivered higher revenues per job.  As a result, revenues increased in both the three and twelve month periods of 2019 as compared to 2018.A significant majority of the Company’s sales are generated from one customer who is focused solely on coal bed methane (“CBM”) wells in the Powder River Basin.  The level of activity with this customer has remained...

VANCOUVER, British Columbia, April 29, 2020 (GLOBE NEWSWIRE) — Photon Control Inc. (“Photon Control” or the “Company”) (TSX: PHO), a leading developer and supplier of optical measurement technologies, will release its 2020 first quarter financial results on Wednesday, May 6, 2020 at 8:00 pm Eastern Time.Nigel Hunton, Chief Executive Officer, and Daniel Lee, Chief Financial Officer, will host an earnings conference call on the following day (Thursday, May 7, 2020) at 11:00 am Eastern Time (8:00 am Pacific Time), reviewing the first quarter results, followed by a question and answer session.Photon Control invites all interested parties to join the call:Date: Thursday, May 7, 2020Time: 11:00 am Eastern Time (8:00 am Pacific Time)Dial-in: +1.800.319.4610 or +1.604.638.5340Webcast: http://services.choruscall.ca/links/photoncontrol20200507.htmlA...

TORONTO, April 29, 2020 (GLOBE NEWSWIRE) — Auxly Cannabis Group Inc. (TSX.V – XLY) (OTCQX: CBWTF) (“Auxly” or the “Company“), a consumer packaged goods company in the cannabis products market, today released its fourth quarter and full year 2019 financial results. These filings and additional information regarding Auxly are available for review on SEDAR at www.sedar.com. All amounts are Canadian dollars except common shares (“Shares”) and per Share amounts.2019 HighlightsSuccessfully launched Cannabis 2.0 products when first legally permitted in December 2019Secured strategic partnership with Imperial Brands PLC and financing of approximately $123 millionSecured $84 million in syndicated senior debt led by BMO to fund the approximately 1.1 million square foot Sunens projectEstablished product distribution...

ACHESON, Alberta, April 29, 2020 (GLOBE NEWSWIRE) — ENTREC Corporation (“ENTREC” or the “Company”) announced today that it will not make the scheduled interest payment of $926,500 due on April 30, 2020 on its 8.5% unsecured convertible debentures (“Unsecured Debentures”). There are $21.8 million principal of Unsecured Debentures outstanding with an annual coupon rate of 8.50%, payable semi-annually, and maturing on June 30, 2021. The Unsecured Debentures trade on the Toronto Stock Exchange under the symbol ENT.DB. If unpaid, ENTREC will become in default of its obligations pursuant to the Unsecured Debentures on May 14, 2020. There can be no assurance that the interest payment on the Unsecured Debentures will be made by May 14, 2020 or at all.ENTREC’s ability to make payments and advances on any of its commitments or other liabilities...

TORONTO, April 29, 2020 (GLOBE NEWSWIRE) — POET Technologies Inc. (“POET” or the “Company”) (OTCQX: POETF; TSX Venture: PTK), the designer and developer of the POET Optical Interposer and Photonic Integrated Circuits (PICs) for the data center and tele-communication markets, today reported its audited consolidated financial results for the full year ended December 31, 2019. The Company’s financial results as well as the Management Discussion and Analysis have been filed on SEDAR.2019 Financial (non-IFRS) and Recent Business Highlights:Full year revenue, including contribution from discontinued operations, was US$4.4 million compared to US$3.9 million in 2018;Gross margin, including contribution from discontinued operations, increased to 73% from 62% in 2018;The Company consummated the previously announced sale of DenseLight for...

EINDHOVEN, The Netherlands, April 29, 2020 (GLOBE NEWSWIRE) — NXP Semiconductors N.V. (NASDAQ:NXPI) (together with its subsidiaries, “NXP”) announced today the pricing of the previously announced offering by its subsidiaries NXP B.V., NXP Funding LLC and NXP USA, Inc. (together, the “Issuers”) of $500 million aggregate principal amount of senior unsecured notes due 2025 (the “2025 Notes”), $500 million aggregate principal amount of senior unsecured notes due 2027 (the “2027 Notes”) and $1,000 million aggregate principal amount of senior unsecured notes due 2030 (the “2030 Notes” and, together with the 2025 Notes and the 2027 Notes, the “Notes”) pursuant to Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”). The 2025 Notes will bear interest at 2.700% per annum and will mature on May...

SPRINGDALE, Ark., April 29, 2020 (GLOBE NEWSWIRE) — Tyson Fresh Meats, Inc., the beef and pork subsidiary of Tyson Foods, Inc. (NYSE: TSN), is currently winding down production and will temporarily pause operations Friday, May 1 through Monday, May 4 at its Dakota City, Neb., beef facility to complete a deep cleaning of the entire plant. The company has been working closely with the local health department and is also in the process of screening plant team members for COVID-19 this week, with assistance from the Nebraska National Guard.The facility, one of the largest beef processing plant in the country, employs a workforce of 4,300 and normally produces enough beef in one day to feed 18 million people, however with increased absenteeism over the last few weeks the company has scaled back production. While the plant is temporarily...

JEFFERSONVILLE, Ind., April 29, 2020 (GLOBE NEWSWIRE) — First Savings Financial Group, Inc. (NASDAQ: FSFG – news) (the “Company”), the holding company for First Savings Bank (the “Bank”), today reported a net loss of $627,000, or a net loss of $0.26 per diluted share, for the quarter ended March 31, 2020 compared to net income of $3.5 million, or net income of $1.50 per diluted share, for the quarter ended March 31, 2019.The net loss of $627,000 for the quarter ended March 31, 2020 was primarily the result of a $4.0 million net loss recorded for the mortgage banking segment and provision for loan losses of $1.7 million during the period.  The net loss for the mortgage banking segment is primarily the result of unfavorable market value movements related to forward mortgage loan sale contracts, interest...

VANCOUVER, British Columbia, April 29, 2020 (GLOBE NEWSWIRE) — Imperial Metals Corporation (the “Company”) (TSX:III) reports Red Chris metal production for the first quarter of 2020 was 22.5 million pounds copper and 17,427 ounces gold, up from 21.7 million pounds copper and 12,155 ounces gold in the fourth quarter of 2019.  Imperial’s 30% portion of the first quarter production was 6.7 million pounds copper and 5,228 ounces gold.Exploration UpdateTwo drilling programs are underway at Red Chris. The East Zone Resource Definition Programme is designed to obtain geological, geotechnical and metallurgical data to support future studies for underground block cave mining. The Brownfields Exploration Programme is focused on searching for additional zones of higher grade mineralization within the Red Chris porphyry corridor.  A total of...

WICHITA, Kan., April 29, 2020 (GLOBE NEWSWIRE) — Equity Bancshares, Inc. (NASDAQ: EQBK), (“Equity”, “we”, “us”, “our”), the Wichita-based holding company of Equity Bank, announced the hire of Eric R. Newell as Chief Financial Officer (“CFO”), as well as changes in roles among its senior leadership team, including Chief Financial Officer Gregory H. Kossover becoming Chief Operating Officer, and Craig L. Anderson moving to serve as President of Equity Bank.Mr. Newell will join Equity on April 30, 2020 and assume CFO duties after the completion of the second quarter reporting period and following the filing of Equity’s second quarter 10-Q, after June 30, 2020. Mr. Kossover will be working with Mr. Newell, and assisting in the transition over the next 90 days.“It’s a time of change in our industry, but I’m extremely pleased in the leadership,...