Dream Unlimited Corp. Reports First Quarter Results & Expands Asset Management Executive Team

Written by Customer Service on May 12, 2020. Posted in Earnings Releases And Operating Results.

TORONTO, May 12, 2020 (GLOBE NEWSWIRE) — Dream Unlimited Corp. (TSX: DRM and DRM.PR.A) (“Dream”, “the Company” or “we”) today announced its financial results for the three months ended March 31, 2020 (“first quarter”).Key Operational Highlights for the Quarter:During the first quarter, we sold our 480-acre Glacier Ridge residential community to Qualico, a neighbouring property owner for the purposes of co-developing the land. The aggregate sale price of $84 million generated net margin of $44.0 million in the period. Upon closing, we retained an indirect 27% interest in the development and received $23.9 million in cash, with the remaining $50.4 million in a vender take back mortgage, providing us increased liquidity at this key time. In addition to the margin generated on this acre sale, co-developing the lands will continue to...

Imperial Reports First Quarter 2020 Financial Results

Written by Customer Service on May 12, 2020. Posted in Earnings Releases And Operating Results.

VANCOUVER, British Columbia, May 12, 2020 (GLOBE NEWSWIRE) — Imperial Metals Corporation (the “Company”) (TSX:III) reports financial results for the three months ended March 31, 2020, as summarized in this release and discussed in detail in the Management’s Discussion & Analysis. The Company’s financial results are prepared in accordance with International Financial Reporting Standards. The reporting currency of the Company is the Canadian (“CDN”) Dollar. QUARTER HIGHLIGHTSFINANCIALOn February 20, 2019 the Company initiated a process for the sale of the Red Chris mine and in accordance with IFRS, the Company classified Red Chris mine as a discontinued operation effective January 1, 2019 up until the closing of the transaction with Newcrest on August 14, 2019. Effective August 15, 2019 the results from the Red Chris Mine are...

Genocea Introduces GEN-011, a Transformational T cell Therapy Designed to Improve on Current Limitations of TIL Therapy

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

CAMBRIDGE, Mass., May 12, 2020 (GLOBE NEWSWIRE) — Genocea Biosciences, Inc. (NASDAQ: GNCA), a biopharmaceutical company developing next-generation neoantigen immunotherapies, hosted a KOL symposium today with Dr. Eric Tran, Assistant Member at the Earle A. Chiles Research Institute in the Providence Cancer Institute reflecting on the T cell therapy landscape, while Genocea provided an in-depth profile of GEN-011 – Genocea’s neoantigen cell therapy.Genocea introduced data showing that GEN-011 embraces the advantages of TIL therapy while improving on its limitations. Using Genocea’s proprietary ATLAS™ platform, GEN-011 targets the right tumor neoantigens. Genocea has also established a robust, scalable manufacturing process, PLANET™, using peripheral blood T cells to ensure greater activity and durability for larger patient populations....

Titanium Transportation Group Reports First Quarter 2020 Financial Results

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

BOLTON, Ontario, May 12, 2020 (GLOBE NEWSWIRE) — Titanium Transportation Group Inc. (“Titanium” or the “Company”) (TSX VENTURE:TTR), a leading provider of transportation and logistics services throughout North America, today reported its financial results for the three month period ended March 31, 2020. All amounts are in Canadian currency.Q1 2020 HighlightsConsolidated revenue for Q1 2020 was $44.3 million, representing the second highest first quarter revenue in the Company’s history. This compares to $39.0 million in Q1 2019.EBITDA was $4.5 million for Q1 2020, compared to $4.6 million in Q1 2019.Operating Income was $1.3 million for Q1 2020, in line with $1.3 million reported in Q1 2019.Truck Transportation segment revenue was $27.6 million and EBITDA was $4.4 million for Q1 2020, compared to $28.1 million...

Neuronetics, Inc. Announces Virtual 2020 Annual Meeting of Stockholders

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

MALVERN, Pa., May 12, 2020 (GLOBE NEWSWIRE) — Neuronetics, Inc. (Nasdaq: STIM), a commercial stage medical technology company focused on designing, developing and marketing products that improve the quality of life for patients who suffer from psychiatric disorders, today announced that its 2020 Annual Meeting of Stockholders will be held solely via live webcast due to the public health impact of the COVID-19 pandemic and out of an abundance of concern for the health and wellbeing of our employees, stockholders and directors. As previously announced, the 2020 Annual Meeting will be held on May 26, 2020 at 9:00 am ET.Attending the Virtual Annual MeetingTo attend and participate in the virtual Annual Meeting of Stockholders, stockholders of record will need to visit www.virtualshareholdermeeting.com/STIM2020 and use their 16-digit...

Scorpio Tankers Inc. Announces Purchase of Common Shares by Scorpio Services Holding Limited

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

MONACO, May 12, 2020 (GLOBE NEWSWIRE) — Scorpio Tankers, Inc. (NYSE: STNG) (the “Company”) announced today that Scorpio Services Holding Limited (“SSH”), a related party, has purchased 100,000 common shares of the Company at an average price of $17.36 per share in the open market. The Company currently has 58,672,080 common shares outstanding, of which the Scorpio Group of companies, including SSH, owns 2,657,839 or 4.5%.About Scorpio Tankers Inc. Scorpio Tankers is a provider of marine transportation of petroleum products worldwide. The Company’s fleet consists of 137 owned, finance leased or bareboat chartered-in product tankers (42 LR2 tankers, 12 LR1 tankers, 62 MR tankers and 21 Handymax tankers) with an average age of 4.6 years. The Company also has a leasehold interest in an MR product tanker that is currently under construction....

Priority Income Fund Announces Preferred Stock Distributions for June 2020

Written by Customer Service on May 12, 2020. Posted in Dividend Reports And Estimates.

NEW YORK, May 12, 2020 (GLOBE NEWSWIRE) — Priority Income Fund, Inc. (“Priority Income Fund” or the “Fund”) is pleased to announce the declaration of distributions on shares of the Fund’s 6.375% Series A Term Preferred Stock due 2025 (“Series A”), 6.25% Series B Term Preferred Stock due 2023 (“Series B”), 6.625% Series C Term Preferred Stock due 2024 (“Series C”), 7.00% Series D Term Preferred Stock due 2029 (“Series D”), 6.375% Series E Term Preferred Stock due 2024 (“Series E”) and 6.625% Series F Term Preferred Stock due 2027 (“Series F”).About Priority Income Fund Priority Income Fund, Inc., is a registered closed-end fund that was created to acquire and grow an investment portfolio primarily consisting of senior secured loans or pools of senior secured loans known as collateralized loan obligations (“CLOs”)....

Savaria Announces 2020 Q1 Results: Revenue stood at $88.4M and Adjusted EBITDA at $12.4M, up 17.3%

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

LAVAL, Québec, May 12, 2020 (GLOBE NEWSWIRE) — Savaria Corporation (“Savaria”) (TSX: SIS), one of the global leaders in the accessibility industry, is pleased to announce today its results for the first quarter of fiscal 2020.HighlightsRevenue was $88.4M, up $0.9M, or 1.1%;Gross profit was $30.1M, up $3.1M, or 11.4%;Adjusted net earnings were $7.2M, or $0.14 per share on a diluted basis, up 96.1% and 75.0%, respectively;Adjusted EBITDA was $12.4M, up $1.8M or 17.3%.A word from the President“I am happy with our first quarter results, despite the inherent challenges of COVID‑19. Total revenue reached $88.4 million, a slight increase of 1.1% over last year. Meanwhile, our adjusted EBITDA grew by 17.3% to $12.4 million, representing an adjusted EBITDA margin of 14% compared to 12% in Q1-2019.“With a working capital ratio of 2.4 and...

Savaria annonce les résultats de son 1er trimestre 2020: Revenus de 88,4 M $ et BAIIA ajusté de 12,4 M $, en hausse de 17,3 %

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

LAVAL, Québec, 12 mai 2020 (GLOBE NEWSWIRE) — Savaria Corporation (« Savaria ») (TSX : SIS), un des chefs de file mondiaux de l’industrie de l’accessibilité, divulgue aujourd’hui les résultats de son 1er trimestre de l’exercice 2020.Faits saillantsRevenus de 88,4 M $, en hausse de 0,9 M $, ou 1,1 %;Marge brute de 30,1 M $, en hausse de 3,1 M $, ou 11,4 %;Résultat net ajusté de 7,2 M $, ou 0,14 $ par action sur une base diluée, en hausse de 96,1 % et 75,0 %, respectivement;BAIIA ajusté de 12,4 M $, en hausse de 1,8 M $ ou 17,3 %.Mot du Président« Je suis satisfait des résultats de notre premier trimestre, malgré les défis dus à la COVID-19. Nos revenus totaux ont atteint 88,4 M $, une légère augmentation de 1,1 % par rapport à l’an dernier. Entre-temps, notre BAIIA ajusté a augmenté de 17,3 % pour atteindre 12,4...

Allied Announces Pricing and Upsizing of Offering of Series G Senior Unsecured Debentures

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

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICESOR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA TORONTO, May 12, 2020 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (TSX:AP.UN)(“Allied”) announced today that it has priced and upsized its previously announced offering, and has agreed to issue $300 million aggregate principal amount of series G senior unsecured debentures (the “Debentures”). The Debentures will bear interest at a rate of 3.131% per annum and will mature on May 15, 2028. The Debentures are being offered on an agency basis by a syndicate of agents led by Scotia Capital Inc., CIBC World Markets Inc. and TD Securities Inc. The offering is expected to close on or about May 15, 2020. DBRS Limited has provided Allied with a provisional credit rating of “BBB” with a “Positive” trend relating to the Debentures....

Day: May 12, 2020

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