Month: April 2020

MONACO, April 28, 2020 (GLOBE NEWSWIRE) — Scorpio Tankers Inc. (NYSE: STNG) (“Scorpio Tankers,” or the “Company”) announced today that on Wednesday, May 6, 2020, the Company plans to issue its first quarter 2020 earnings press release in the morning (Eastern Daylight Time) and host a conference call later that day, details to follow.About Scorpio Tankers Inc.Scorpio Tankers is a provider of marine transportation of petroleum products worldwide. The Company’s fleet consists of 137 wholly owned, finance leased or bareboat chartered-in tankers (42 LR2, 12 LR1, 62 MR and 21 Handymax) with a weighted average age of approximately 4.5 years.  The Company also has a leasehold interest in an MR product tanker that is currently under construction.  Additional information about the Company is available at the Company’s...

CALGARY, Alberta, April 28, 2020 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is taking further actions in response to the decline in global oil prices to bolster balance sheet strength and corporate resiliency.Upsized Contingent Bitumen RoyaltyAthabasca is pleased to announce an upsizing of the previously completed Contingent Bitumen Royalty with Burgess Energy Holdings L.L.C. (the “Royalty”) for additional cash consideration of $70 million.  Athabasca has now raised total cash proceeds of $467 million since 2016 through this unique funding structure at an extremely attractive cost of capital. The transaction closed on April 28, 2020.The upsized Royalty is limited to Leismer, Hangingstone and Corner. The Royalty follows the same structure as the existing contingent bitumen royalties and...

FORT LAUDERDALE, Fla., April 28, 2020 (GLOBE NEWSWIRE) — SEACOR Holdings Inc. (NYSE:CKH) (the “Company”) today announced its results for the first quarter ended March 31, 2020:Net income attributable to stockholders for the quarter ended March 31, 2020 was $1.5 million ($0.07 per diluted share) compared with $7.7 million ($0.41 per diluted share) for the quarter ended March 31, 2019.  The current quarter included a $12.7 million ($0.64 per diluted share) income tax benefit as a result of the passage of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) and included net foreign currency losses of $3.6 million ($0.18 per diluted share) primarily due to the depreciation of the Colombian peso relative to the U.S. dollar.Operating loss for the quarter ended March 31, 2020 was $0.1 million compared with...

DAYTONA BEACH, Fla., April 28, 2020 (GLOBE NEWSWIRE) — Consolidated-Tomoka Land Co. (NYSE American: CTO) (the “Company”) today announced its operating results and earnings for the quarter ended March 31, 2020.QUARTER HIGHLIGHTSCash Flow and Liquidity UpdateIn the first quarter ended March 31, 2020 the Company generated nearly $5.1 million of cash flow from operations, exceeding the aggregate of the Company’s approximately $3.9 million in share buybacks and approximately $1.2 million in dividends to shareholders. The Company’s cash position and cash flow estimate for 2020 is as follows:(1) Includes approximately $10.5 million of unrestricted cash and approximately $4.2 million of 1031 restricted cash generated from sale of property leased to CVS in Dallas, Texas on April 24, 2020.(2) Estimated cash flow and per share amounts exclude...

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR RELEASE, PUBLICATION OR DISSEMINATION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.TORONTO, April 28, 2020 (GLOBE NEWSWIRE) — Blockchain Foundry Inc. (“BCF” or the “Company”) (CSE:BCFN) (FWB:8BF) (OTC:BLFDF) is providing an update on the status of the filing of its annual financial statements and accompanying management’s discussion and analysis, and CEO and CFO certifications for the period ended December 31, 2019 (collectively, the “Annual Filings”). On March 18, 2020, the Canadian Securities Administrators (CSA) announced that they will provide issuers with a 45-day filing extension for filings required on or before June 1, 2020. BCF is relying on this exemption for the Annual Filings in accordance...

Results of ING’s 2020 Annual General MeetingThe Annual General Meeting (AGM) of ING Groep N.V. was held today at ING’s corporate office Cedar in Amsterdam and was broadcast live via ING’s website. Due to the coronavirus pandemic, the meeting was held in an adapted form in order to mitigate health risks for all participants and to comply with Dutch government directives. ING would like to thank those shareholders who participated remotely for their flexibility.The AGM adopted all agenda items, including the annual accounts for 2019, discharge of the (former) members of the Executive Board and the Supervisory Board and the new remuneration policy for the Executive Board and the Supervisory Board. The AGM also approved the appointments of Herman Hulst and Harold Naus to the Supervisory Board as of today and the appointment of Juan Colombás...

TORONTO, April 28, 2020 (GLOBE NEWSWIRE) — Firm Capital American Realty Partners Trust (the “Trust”), (TSXV: FCA.UN), (TSXV: FCA.U) is pleased to announce that it has received approval from the TSX Venture Exchange (the “Exchange“) to commence a normal course issuer bid (the “Bid“) to purchase up to 645,442 of its trust units (“Trust Units“), being equal to 10% of the Public Float (as defined in the policies of the Exchange) as at April 23, 2020. Pursuant to the policies of the Exchange, the Bid will commence on April 30, 2020 and will end on the earlier of April 29, 2021, or at such time as the Bid has been completed or the Bid is terminated at the Trust’s discretion.The board of trustees of the Trust is of the opinion that the recent market prices of its Trust Units do not reflect the...

HANGZHOU, China, April 28, 2020 (GLOBE NEWSWIRE) — UTStarcom (“UTStarcom” or “the Company”) (NASDAQ:UTSI), a global telecommunications infrastructure provider, today announced that Mr. Eric Lam, is resigning as Vice President of Finance for personal reasons, effective May 31, 2020.   Mr. Dan Xie, Director of Finance, has been named as Eric’s successor.  The Company noted that Eric’s departure is not related to any issues or disagreements regarding the Company’s financial disclosures, accounting policies and practices. Mr. Lam has served as UTStarcom’s Vice President of Finance since October 2016, overseeing the Company’s global finance and accounting function.  He previously held various senior financial management positions with the Company supporting sales and global supply chain operations for more than a decade. Mr....

Alpharetta, GA, April 28, 2020 (GLOBE NEWSWIRE) — Schweitzer-Mauduit International, Inc. (NYSE: SWM) will issue a press release announcing the Company’s first quarter 2020 results after the market closes on May 6, 2020 and hold a conference call to discuss results on May 7, 2020. SWM will use a presentation to accompany its conference call. The presentation can be found on the Company’s Web site in advance of the earnings conference call. The presentation can also be accessed via the earnings conference call webcast.In conjunction with the release of SWM’s first quarter earnings, you are invited to listen to the Company’s conference call that will be broadcast live over the Internet.What: SWM’s first quarter earnings conference callWhen: Thursday, May 7, 2020 at 8:30 a.m. Eastern TimeWhere: http://www.swmintl.comThis...

HOUSTON, April 28, 2020 (GLOBE NEWSWIRE) — Amplify Energy Corp. (“Amplify” or the “Company”) (NYSE: AMPY) announced today that it will report first quarter 2020 financial and operating results on May 6, 2020.  Following the announcement, management will host a conference call at 10:00 a.m. CT to discuss the Company’s results.  Interested parties are invited to participate in the conference call by dialing (833) 883-4379 (Conference ID: 7947106) at least 15 minutes prior to the start of the call or via the internet at www.amplifyenergy.com.  A replay of the call will be available on Amplify’s website or by phone at (855) 859-2056 (Conference ID: 7947106) for a fourteen-day period following the call.About Amplify EnergyAmplify Energy Corp. is an independent oil and natural gas company engaged in the acquisition, development, exploration...