Month: April 2020

DUNN, N.C., April 29, 2020 (GLOBE NEWSWIRE) — Select Bancorp, Inc. (NASDAQ: SLCT) (the “Company”), the holding company for Select Bank & Trust Company, today reported net income for the quarter ended March 31, 2020 of $1.1 million with basic and diluted earnings per share of $0.06, compared to net income of $3.3 million with basic and diluted earnings per share of $0.17 for the comparative quarter ended March 31, 2019. The decrease in net income in the first quarter of 2020 compared to 2019 was primarily attributable to $389,000 of expenses associated with new branches in Cornelius, North Carolina (the Charlotte area), Holly Springs, North Carolina (the Raleigh area) and Virginia Beach, Virginia and an increase of the provision for credit losses of $2.3 million due to unprecedented changes in certain economic indicators as...

Q1’20 results exceeded expectations; Management providing near-term financial targets for Q2’20ST. LOUIS, April 29, 2020 (GLOBE NEWSWIRE) —A PDF accompanying this announcement is available at: http://ml.globenewswire.com/Resource/Download/3da76825-cb66-43cd-a4be-a4853783051bQ1’20 loss per diluted share was $0.05 compared to a loss per diluted share of $0.13 in Q1’19. Q1’20 adjusted (non-GAAP)1 earnings per diluted share were $0.06, in line with results achieved in Q1’19.Revenues for the quarter increased 4% to $287 million. Excluding exited or to-be-exited operations, revenues on a same-store basis improved 9%, driven by increases across all operating segments.Contract backlog as of March 31, 2020 was $648 million. Excluding exited or to-be-exited businesses, backlog increased 3% compared to prior-year levels, driven by a 10% increase...

VANCOUVER, April 29, 2020 (GLOBE NEWSWIRE) — Emerald Health Therapeutics, Inc. (“Emerald”) (TSXV: EMH; OTCQX: EMHTF) announces that as a result of the COVID-19 pandemic, Emerald, as well as its auditors and filing agents, have followed the recommendations of local health authorities and temporarily closed their offices, having employees work remotely to minimize their exposure risk. As such, Emerald is relying on the coordinated relief provided by securities regulators, which consists of a 45-day extension for certain periodic filings required on or before June 1, 2020, pursuant to BC Instrument 51-515 Temporary Exemption from Certain Corporate Finance Requirements in British Columbia and similar exemptions in other provinces (collectively, the “Blanket Relief”)Emerald will rely on these exemptions with respect to the requirement...

TORONTO, April 29, 2020 (GLOBE NEWSWIRE) — YAMANA GOLD INC. (TSX:YRI; NYSE:AUY) (“Yamana” or the “Company”) is pleased to announce that it has increased its annual dividend by a further 25% to $0.0625 per share, effective for the second quarter of 2020. Shareholders of record at the close of business on June 30, 2020, will be entitled to receive payment of this dividend on July 14, 2020. The dividend is an “eligible dividend” for Canadian tax purposes.This is the third dividend increase announced by Yamana in the past year, for a cumulative total increase of 213%. These increases are part of a gradual and progressive approach to dividend increases, as the Company’s cash balances continue to grow from increasing free cash flow1 and successful and continuing initiatives to monetize its portfolio of non-producing assets and financial...

VANCOUVER, British Columbia, April 29, 2020 (GLOBE NEWSWIRE) — Lupaka Gold Corp. (“Lupaka Gold” or the “Company“) (TSX-V: LPK, FRA: LQP) announces that the Company will be relying on the temporary 45 day extension to the filing deadline for its annual financial statements, the accompanying management’s discussion and analysis, and the related officer certifications (collectively, the “Annual Filings“) for the year ended December 31, 2019, as granted by the Canadian Securities Administrators in response to the ongoing Covid-19 pandemic.Prior to the extension, the Company was required to file the Annual Filings by April 29, 2020. Relying on B.C. Instrument 51-515 (Temporary Exemption from Certain Corporate Finance Requirements), affording the Company an additional 45 days from the deadline to file,...

IRVING, Texas, April 29, 2020 (GLOBE NEWSWIRE) — Forterra, Inc. (“Forterra” or “the Company”) (NASDAQ: FRTA), a leading manufacturer of water and drainage infrastructure pipe and products in the United States and Eastern Canada, today announced results for the quarter ended March 31, 2020.First Quarter 2020 HighlightsIncreased net sales by 13.4% to $330.9 million as compared to $291.9 million in the prior year quarterIncreased gross profit by 40.5% to $58.7 million as compared to $41.8 million in the prior year quarterGross profit margin improved by 340 basis points year-over-yearNet loss decreased to $14.1 million compared to $25.0 million in the prior year quarterAdjusted EBITDA¹ increased to $35.5 million as compared to $19.9 million in the prior year quarterAdjusted EBITDA margin¹ improved by 390 basis points year-over-yearImproved...

TORONTO, April 29, 2020 (GLOBE NEWSWIRE) — Celestica Inc. (NYSE, TSX: CLS), a leader in design, manufacturing and supply chain solutions for the world’s most innovative companies, today announced, in accordance with the requirements of the Toronto Stock Exchange, that the nominees listed in its management information circular were elected as directors of the company at its Annual Meeting of Shareholders held earlier today.On a vote by ballot, each of the following nine nominees proposed by management was elected as a director of Celestica:About CelesticaCelestica enables the world’s best brands. Through our recognized customer-centric approach, we partner with leading companies in aerospace and defense, communications, enterprise, healthtech, industrial, capital equipment, and energy to deliver solutions for their most...

MONTREAL, April 29, 2020 (GLOBE NEWSWIRE) — Osisko Gold Royalties Ltd (“Osisko”) (OR: TSX & NYSE) is pleased to announce that it has completed an amendment to its 75% silver stream (the “Silver Stream”) with respect to the Gibraltar copper mine (“Gibraltar”), located in British Columbia, Canada, which is operated by a wholly-owned subsidiary of Taseko Mines Limited (“Taseko”).  Osisko and Taseko have amended the Silver Stream by reducing the price paid by Osisko for each ounce of refined silver from USD $2.75 to nil in exchange for cash consideration of CAD $8.5 million to Taseko. Sean Roosen, Chair and CEO of Osisko commented: “We are pleased to announce this transaction further improving one of our high-quality Canadian precious metal assets while also continuing our strong partnership with Taseko.  Our agreement with Taseko...

MONTRÉAL, 29 avr. 2020 (GLOBE NEWSWIRE) — Redevances Aurifères Osisko Ltée (la « Société » ou « Osisko ») (TSX et NYSE : OR) a le plaisir d’annoncer qu’elle a apporté une modification à son flux argentifère de 75 % (le « flux argentifère ») en lien avec la mine de cuivre Gibraltar (« Gibraltar ») située en Colombie-Britannique, au Canada, laquelle est opérée par une filiale en propriété exclusive de Taseko Mines Limited (« Taseko »).Osisko et Taseko ont modifié le flux argentifère en réduisant le prix payé par Osisko pour chaque once d’argent affinée de 2,75 $US à zéro en contrepartie d’une considération en espèces de 8,5 millions de dollars CA à Taseko.Sean Roosen, président du conseil d’administration et chef de la direction d’Osisko, a commenté : « Nous sommes heureux d’annoncer cette transaction qui améliore l’un de nos actifs...

HOUSTON, April 29, 2020 (GLOBE NEWSWIRE) — Key Energy Services, Inc. (OTC: KEGX) will report first quarter 2020 financial results after the market close on Wednesday, May 13, 2020, and Key management will host a conference call to discuss these results on Thursday, May 14, 2020 at 10:00 a.m. CDT.Callers from the U.S. and Canada should dial (888) 794-4637 to access the call. International callers should dial (352) 204-8973. All callers should dial in 15 minutes prior to the conference call start time and ask for the “Key Energy Services Conference Call” or provide the access code 3515829. The conference call will also be available live via the internet. To access the webcast, go to www.keyenergy.com and select “Investor Relations.”A telephonic replay of the conference call will be available on Thursday, May...