Stifel Announces Pricing of $200 Million of Non-Cumulative Perpetual Preferred Stock

Written by Customer Service on May 12, 2020. Posted in Public Companies.

ST. LOUIS, May 12, 2020 (GLOBE NEWSWIRE) — Stifel Financial Corp. (NYSE: SF) today announced it has priced an underwritten registered public offering of 8,000,000 depositary shares ($200 million of aggregate public offering price), each representing a 1/1000th interest in a share of perpetual 6.125% Non-Cumulative Preferred Stock, Series C, $1.00 par value, with a liquidation preference of $25,000 per share (equivalent to $25 liquidation preference per depositary share).When, as, and if declared by the board of directors of the Company, dividends will be payable at an annual rate of 6.125%, payable quarterly, in arrears. The Company may redeem the Series C preferred stock at its option, subject to regulatory approval, on or after June 15, 2025 or following a regulatory capital treatment event as described in the prospectus supplement...

Black Diamond Group Announces Approval of All Resolutions at 2020 Annual Meeting

Written by Customer Service on May 12, 2020. Posted in Public Companies.

CALGARY, Alberta, May 12, 2020 (GLOBE NEWSWIRE) — Black Diamond Group Limited (“Black Diamond” or the “Company”) (TSX: BDI) announced the voting results from its annual meeting of shareholders held on May 12, 2020. A total of 30,909,473 common shares, representing approximately 55% of Black Diamond’s issued and outstanding common shares, were represented in person or by proxy at the meeting.The following nominees were elected as directors of Black Diamond for the ensuing year, with the specific voting results being as follows:In addition, the other resolution presented at the meeting, the appointment of Ernst & Young LLP, Chartered Professional Accountants, as auditors, was approved by Black Diamond’s shareholders. Detailed voting results for all resolutions will be posted under Black Diamond’s profile at www.sedar.com. About...

Sabina Gold & Silver Corp. Amends Text of Proposed New Articles for Upcoming Annual General and Special Meeting of Shareholders

Written by Customer Service on May 12, 2020. Posted in Public Companies.

VANCOUVER, British Columbia, May 12, 2020 (GLOBE NEWSWIRE) — Sabina Gold & Silver Corp (SBB.T/SGSVF.OTCQX), (“Sabina” or the “Company”) announces that it has amended the text of the proposed new Articles of the Company which are to be presented for shareholder approval at the Company’s upcoming shareholders’ meeting on June 4, 2020.Below is the existing language of section 14.12(3) of the proposed Articles:As a result of Glass Lewis’ review and recommendations on the matter, we propose to change the language to the last paragraph above as follows:“The adjournment or postponement of a meeting of shareholders shall result in the commencement of a new time period for the giving of a Nominating Shareholder’s notice in respect of such meeting, which time periods shall be as set out in (a) or (b) above and which shall be determined...

Storm Resources Ltd. (“Storm” or the “Company”) is Pleased to Announce Its Financial and Operating Results for the Three Months Ended March 31, 2020

Written by Customer Service on May 12, 2020. Posted in Public Companies.

CALGARY, Alberta, May 12, 2020 (GLOBE NEWSWIRE) — Storm Resources Ltd. (TSX:SRX)Storm has also filed its unaudited condensed interim consolidated financial statements as at March 31, 2020 and for the three months then ended along with Management’s Discussion and Analysis (“MD&A”) for the same period. This information appears on SEDAR at www.sedar.com and on Storm’s website at www.stormresourcesltd.com.Selected financial and operating information for the three months ended March 31, 2020 appears below and should be read in conjunction with the related financial statements and MD&A.Highlights Excludes gains and losses on risk management contracts.Certain financial amounts shown above are non-GAAP measurements. See discussion of Non-GAAP Measurements on page 28 of the MD&A. CROCE and ROCE are presented on a 12-month...

Equus Announces First Quarter Net Asset Value

Written by Customer Service on May 12, 2020. Posted in Public Companies.

HOUSTON, May 12, 2020 (GLOBE NEWSWIRE) — Equus Total Return, Inc. (NYSE: EQS) (the “Fund” or “Equus”) reports net assets as of March 31, 2020, of $38.9 million, a decrease of approximately $7.1 million since December 31, 2019. Net asset value per share decreased to $2.88 as of March 31, 2020 from $3.40 as of December 31, 2019. Comparative data is summarized below (in thousands, except per share amounts): The following were the portfolio companies that experienced significant developments during the first quarter of 2020:Decrease in the Value of Equus Energy. A pricing dispute between the Russian Federation and Saudi Arabia during the first quarter of 2020, together with global crude supply imbalances, demand decreases, and adverse economic effects arising from the onset of the coronavirus led to crude prices falling to 18-year...

EarthRenew Announces Upgrades to the Power Production Capabilities of its On-Site 4.0 MW Turbine

Written by Customer Service on May 12, 2020. Posted in Public Companies.

Highlights:EarthRenew replaced air compressor on turbine generator, which is expected to allow the facility to generate power 24/7Installed an automated turbine alarm systemImproved remote access for the turbine controlsPrior to upgrades, electricity generation in Q1 generated $141,326 of revenue; the direct costs for the turbine unit were $30,926 and the gross margin was $110,400TORONTO, May 12, 2020 (GLOBE NEWSWIRE) — EarthRenew Inc. (CSE:ERTH) (“EarthRenew” or the “Company”) is pleased to announce that it has upgraded components of its on-site power generation unit and is now capable of producing power 24/7, in time for peak summer demand. The upgrades to the power unit included replacing the air compressor for the gas turbine, installing automated alarm systems and enhancing remote access for turbine controls. While the turbine...

Quinton Hennigh to Join NuLegacy Gold as Advisor

Written by Customer Service on May 12, 2020. Posted in Public Companies.

VANCOUVER, British Columbia, May 12, 2020 (GLOBE NEWSWIRE) — NuLegacy Gold Corporation (TSXV: NUG; OTCQB: NULG.F) announces that Dr. Quinton Hennigh has joined NuLegacy as an advisor. Dr. Hennigh, one of NuLegacy’s founding shareholders, will provide significant technical and strategic corporate expertise and advice to NuLegacy as the Company embarks on its transformative exploration program targeting a large Carlin style gold system within the recently identified Rift Anticline, part of its 100% controlled 108 sq. km Red Hill gold project on the prolific Cortez Trend in north central Nevada.“Given Red Hill is one of my favorite Nevada exploration projects, I have been following NuLegacy’s progress from the beginning,” commented Quinton Hennigh. “The project is well-situated within the core of the gold-rich Cortez Trend approximately...

Dundee Corporation Announces First Quarter 2020 Financial Results

Written by Customer Service on May 12, 2020. Posted in Public Companies.

TORONTO, May 12, 2020 (GLOBE NEWSWIRE) — Dundee Corporation (TSX: DC.A) (the “Corporation” or “Dundee”) today announced its financial results for the three months ended March 31, 2020.During the first quarter of 2020, the Corporation recognized a net loss attributable to owners of the Corporation of $166.4 million, or a loss of $1.63 per share. This compares with earnings attributable to owners of the Corporation of $14.9 million in the same period of 2019, representing earnings of $0.21 per share, before the effect of any dilutive securities.The Corporation’s 84% owned subsidiary, United Hydrocarbon International Corp. (“UHIC”), reported a pre-tax loss of $117.5 million (2019 – earnings of $6.0 million) for the first three months of 2020, mostly relating to the depreciation in the fair value change of the royalty interest and its...

Educational Development Corporation Announces Recent Sales Growth and Repayment of Loan

Written by Customer Service on May 12, 2020. Posted in Public Companies.

TULSA, Okla., May 12, 2020 (GLOBE NEWSWIRE) — Educational Development Corporation (“EDC”, or the “Company”) (NASDAQ: EDUC) (http://www.edcpub.com) today reports significant revenue growth in April from UBAM division and the repayment of the $1.4M loan drawn pursuant to the Paycheck Protection Program (PPP) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.Randall White, CEO of Educational Development Corporation, announced the Company has had significant sales growth in UBAM and repaid the PPP loan. Per Mr. White, “During March 2020, our Company’s net revenues were down 25% from the same month last year, our warehouse operations and staff were working less than full-time, sales to retail outlets were down 60% and our facility’s leasing tenant, whose monthly payment exceeds our mortgage payment, had requested a...

WHLR Real Estate Investment Trust, Inc. Reports First Quarter 2020 Financial and Operating Results

Written by Customer Service on May 12, 2020. Posted in Public Companies.

VIRGINIA BEACH, Va., May 12, 2020 (GLOBE NEWSWIRE) — WHLR Real Estate Investment Trust, Inc. (NASDAQ:WHLR) (“WHLR” or the “Company”) announced today that it has reported its financial and operating results for the three months ended March 31, 2020 on Form 10-Q. The Company has also posted certain supplemental information regarding the Company’s financial and operating results for the three months ended March 31, 2020 to the “Investor Relations” page of its website located at https://ir.whlr.us/ABOUT WHEELER REAL ESTATE INVESTMENT TRUST, INC.Headquartered in Virginia Beach, VA, Wheeler Real Estate Investment Trust, Inc. is a fully integrated, self-managed commercial real estate investment company focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers. Please visit:...

Day: May 12, 2020

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