Day: May 6, 2020

New York, NY, May 06, 2020 (GLOBE NEWSWIRE) — Legacy Acquisition Corp. (NYSE: “LGC”) (“Legacy”), a publicly-traded Special Purpose Acquisition Company, announced today a change in location for its special meeting of stockholders (the “Special Meeting”) to be held on May 18, 2020, at 4:00 p.m. Eastern Time. Due to the public health impact of the coronavirus (COVID-19) pandemic and related government actions, and to support the health and well-being of our officers, stockholders and community, the Special Meeting will be held in a virtual meeting format only. The access information for the virtual Special Meeting is as follows:You will not be able to attend the Special Meeting in person.The Special Meeting is being held to vote on the proposals described in Legacy’s definitive proxy statement, filed with the Securities and Exchange...

All figures in Canadian dollars unless otherwise notedVANCOUVER, British Columbia, May 06, 2020 (GLOBE NEWSWIRE) — Acadian Timber Corp. (“Acadian” or the “Company”) (TSX:ADN) today reported financial and operating results1 for the three months ended March 28, 2020 (the “first quarter”).“Acadian’s operations benefited from favourable winter operating conditions and good demand and pricing for most of our products during the quarter” commented Erika Reilly, Interim Chief Executive Officer. “While no company is immune to issues in today’s market environment, Acadian is relatively well positioned with a strong balance sheet, well diversified customer base and experienced team.”In response to COVID-19, Acadian’s top priority has been the well-being of its people. Health and safety protocols have been updated...

ACHESON, Alberta, May 06, 2020 (GLOBE NEWSWIRE) — North American Construction Group Ltd. (“NACG”) (TSX:NOA/NYSE:NOA) today announced results for the first quarter ended March 31, 2020.Financial Highlights of the First Quarter Ended March 31, 2020Revenue for the quarter was $198.8 million, compared to $186.4 million for the same period in the prior year, an increase of $12.4 million (or 7%).Adjusted EBITDA for the quarter was $59.9 million, compared to $52.1 million for the same period in the prior year, an increase of $7.9 million (or 15%).Adjusted EPS for the quarter was $0.70, compared to $0.51 for same period in the prior year, an increase of $0.19 (or 37%).Free cash flow for the quarter was $9.4 million, compared to $(5.3) million for the same period in the prior year, an increase of $14.7 million.Total liquidity at quarter-end...

TORONTO, May 06, 2020 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres” or the “Trust”) (TSX: SRU.UN) is pleased to report its financial and operating results for the three months ended March 31, 2020.“We had a strong 1st quarter with FFO increasing by $7.7 million and ACFO by $10.7 million compared to a year ago,” said Peter Forde, President and CEO of SmartCentres. “Our occupancy level remained at 98% and importantly we have continued our focus on maintaining a strong balance sheet. Our debt to aggregate assets is at 43% and interest coverage is 3.5 times. We have ample liquidity with $5.6 billion of unencumbered assets and availability of funds from drawing on our $500 million revolving operating facility in addition to the remaining $250 million accordion feature.”“We are continuing our transition...

TORONTO, May 06, 2020 (GLOBE NEWSWIRE) — Trisura Group Ltd. (“Trisura” or “Trisura Group”) (TSX: TSU), a leading international specialty insurance provider, today announced financial results for the first quarter of 2020.David Clare, President and CEO of Trisura, stated, “We are pleased with Trisura’s first quarter results, generating net income of $8.4 million, vs. $2.5 million in Q1 2019 driven by increasing  profitability from our US platform and continued strength in Canada.Our US operations bound $120.7 million of gross premiums written and generated $2.6 million in net income. In Canada, disciplined underwriting and enhanced investment returns sustained our industry-leading 19.3% return on equity.Importantly, improved asset-liability matching in our international reinsurance operations limited volatility in a challenging environment.Notwithstanding...

HOUSTON, May 06, 2020 (GLOBE NEWSWIRE) — Altus Midstream Company (Nasdaq: ALTM) today announced its first-quarter 2020 results on its website at www.altusmidstream.com/investors.There will be a conference call May 7 at 1 p.m. Central time to discuss the results. It will be webcast and archived on Altus’ website and available for playback by telephone for one week. The number for the replay is (855) 859-2056 or (404) 537-3406 for international calls. The conference access code is 5785178.About Altus Midstream CompanyAltus Midstream Company is a pure-play, Permian-to-Gulf Coast midstream C-corporation. Through its consolidated subsidiaries, Altus owns substantially all of the gas gathering, processing and transmission assets servicing production from Apache Corporation (“Apache”) (NYSE, Nasdaq: APA) in the Alpine High play in the...

HOUSTON, May 06, 2020 (GLOBE NEWSWIRE) — Whitestone REIT (NYSE: WSR) (“Whitestone” or the “Company”) today clarified the time of its 2020 Annual Meeting of Shareholders (the “Annual Meeting”). As previously stated in its Notice to Shareholders and proxy statement, the Annual Meeting will be held virtually at 10:00am Mountain Standard Time, which is 12:00pm Central Daylight Time on May 14, 2020.The proxy card included with the proxy materials previously distributed incorrectly stated a 10:00 am Central Daylight Time start time, and will not be updated to reflect this clarification. The cards may continue to be used to vote your shares in connection with the Annual Meeting. The Company encourages eligible shareholders to vote on the proposals prior to the virtual Annual Meeting using the instructions provided in the proxy materials...

TORONTO, May 06, 2020 (GLOBE NEWSWIRE) — Solar Alliance Energy Inc. (‘Solar Alliance’) or (the ‘Company’) (TSX-V: SOLR) announces it has reached agreement (“Debt Settlement Agreements”) with certain directors to fully settle an aggregate of up to a total of $56,437.50 of unpaid fees for shares in the Company. Pursuant to the Debt Settlement Agreements, the Company would issue up to an aggregate of 2,257,500 common shares of the Company at a deemed price of $0.025 per share to Super Power Energy Corp., Robert Miller, Ken Stadlin and Anton Shihoff pursuant to the temporary relief bulletin issued by the Toronto Stock Exchange (“TSX”) on April 8, 2020.The Debt Settlement Agreements are subject to the approval of the TSX Venture Exchange. All securities issued will be subject to a four month hold period which will expire on the date...

CALGARY, Alberta, May 06, 2020 (GLOBE NEWSWIRE) — Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) will announce its first quarter 2020 financial results on Wednesday, May 13, 2020, after the market closure. Senior Management will hold a Conference Call to discuss results on Thursday, May 14, 2020 at 11:00 a.m. MST / 1:00 p.m. ET.The conference call may be accessed by dial in or via webcast:All remarks made during the conference call will be current at the time of the call and may not be updated to reflect subsequent material developments.First quarter 2020 financial results will be available through the Investor Relations section of the company’s website. A replay of the webcast will be available on our website until May 21, 2020. The transcript of the webcast will be...

VANCOUVER, British Columbia, May 06, 2020 (GLOBE NEWSWIRE) — Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) is pleased to announce that it has published its 2019 Sustainability Report prepared under the Global Reporting Initiative Standards. The report highlights the Company’s sustainability strategy, progress and performance against its environmental, social, and governance (ESG) indicators and commitments.Jorge A. Ganoza, President and CEO, commented, “At Fortuna, we are committed to integrate sustainability into our business strategy in an open and transparent manner.” Mr. Ganoza continued, “We have developed a five-year sustainability plan that sets out key performance indicators, goals, and commitments, listening to our stakeholders and addressing the demands placed on our industry by a rapidly changing world.” Mr. Ganoza...