Day: May 7, 2020

NEW YORK, May 06, 2020 (GLOBE NEWSWIRE) — Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company”) announces its first quarter 2020 financial results.Financial HighlightsNet investment income for the first quarter ended March 31, 2020 was approximately $2.8 million, or $0.06 per share, compared with net investment income of approximately $2.1 million, or $0.06 per share in the fourth quarter of 2019, and net investment loss of approximately $(2.2) million, or $(0.06) per share in the first quarter of 2019. At March 31, 2020, the fair value of the Company’s investments totaled approximately $272 million, as compared to $278 million at December 31, 2019. Net asset value per share as of March 31, 2020 was $2.69 Quarterly distribution paid during the first quarter of 2020 was $0.06 per share in cash.Ted Goldthorpe, Chief Executive...

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESTORONTO and NEW YORK, May 06, 2020 (GLOBE NEWSWIRE) — Magna Gold Corp. (TSXV: MGR, OTCQB: MGLQF) (“Magna” or the “Company”) is pleased to announce that it has closed the acquisition of the San Francisco Mine located in Sonora, Mexico (the “Acquisition”) pursuant to a definitive share purchase agreement dated March 5, 2020, as amended April 24, 2020 (the “Definitive Agreement”), between Timmins GoldCorp Mexico S.A. de C.V. (“Timmins”), a wholly-owned subsidiary of Alio Gold Inc. (“Alio”), and the Company,. Magna is also pleased to announce the following key milestones for the Company (as described herein):The closing of a concurrent non-brokered private placement (the “Private Placement”), providing the Company with gross proceeds of...

SUGAR LAND, Texas, May 06, 2020 (GLOBE NEWSWIRE) — CVR Partners, LP (NYSE: UAN), a manufacturer of ammonia and urea ammonium nitrate (UAN) solution fertilizer products, today announced a net loss of $21 million, or 18 cents per common unit, on net sales of $75 million for the first quarter 2020, compared to a net loss of $6 million, or 5 cents per common unit, on net sales of $92 million for the first quarter 2019. EBITDA was $11 million for the first quarter of 2020, compared to $26 million for the first quarter of 2019.“CVR Partners has successfully maintained safe and reliable operations while delivering nitrogen fertilizer on a timely basis to our customers despite the COVID-19 outbreak,” said Mark Pytosh, Chief Executive Officer of CVR Partners’ general partner.“After experiencing poor weather conditions for fertilizer application...

SUGAR LAND, Texas, May 06, 2020 (GLOBE NEWSWIRE) — CVR Energy, Inc. (NYSE: CVI) today announced a net loss of $87 million, or 87 cents per diluted share, on net sales of $1.1 billion for the first quarter of 2020, compared to net income of $101 million, or $1.00 per diluted share, on net sales of $1.5 billion for the first quarter of 2019. First quarter 2020 EBITDA was a negative $38 million, compared to first quarter 2019 positive EBITDA of $230 million.“CVR Energy’s first quarter 2020 results were negatively impacted by the global crude oil price war, lower throughput volumes due to the planned turnaround at the Coffeyville refinery and unprecedented refined product demand destruction caused by COVID-19,” said Dave Lamp, CVR Energy’s Chief Executive Officer. “We have revised our business plan to protect our balance sheet by reducing...

CALGARY, Alberta, May 06, 2020 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) is pleased to report its operating and unaudited consolidated financial results for the three months ended March 31, 2020.Operations HighlightsQ1 Production: ~36,550 boe/d including ~28,300 bbl/d in Thermal Oil & ~8,250 boe/d in Light Oil.Leismer: Q1 production of ~19,800 bbl/d supported by strong results at Pad 7.Placid Montney: Encouraging initial results from 10 wells that were placed on production for clean-up in April with plans to defer new volumes until commodity prices improve.Kaybob Duvernay: Continued strong results in the oil window with recent pads at Kaybob East IP30s averaging ~1,000 boe/d per well (88% liquids). These results compare favorably to the East Shale Basin Duvernay due to low capital...

VANCOUVER, British Columbia, May 06, 2020 (GLOBE NEWSWIRE) — Photon Control Inc. (“Photon Control” or the “Company”) (TSX: PHO), a leading developer and supplier of optical measurement technologies and systems, has reported its financial results for the three months ended March 31, 2020.First Quarter Highlights:Record financial results:Revenue of $17.3 million for Q1 2020 versus $8.9 million for Q4 2019;Earnings before finance income, accretion expense, income taxes, depreciation, amortization and foreign exchange gain or loss (“EBITDA”)1 of $7.0 million or 40% of revenue for Q1 2020 versus $2.1 million or 24% of revenue for Q4 2019;Net income of $6.6 million for Q1 2020 versus $0.7 million for Q4 2019;Record order backlog of $30.9 million at March 31, 2020 versus $20.8 million at December 31, 2019; and,Cash and cash equivalents...