Day: May 15, 2020

Centennial Resource Development Announces Termination of Water Infrastructure Transaction

DENVER, May 15, 2020 (GLOBE NEWSWIRE) — Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced that, effective May 15, 2020, the previously announced divestiture by its wholly-owned subsidiary, Centennial Resource Production, LLC, of saltwater disposal wells and associated produced water infrastructure located primarily in Reeves County, Texas to a subsidiary of WaterBridge Resources LLC (“WaterBridge”) has been terminated. Pursuant to the terms of the purchase and sale agreement, Centennial provided written notice of termination relating to the divestiture after WaterBridge failed to close the transaction on or before 5:00 pm Mountain Time on May 15, 2020, which was the Outside Date for the divestiture set forth in the purchase and sale agreement. Pursuant to the terms of the purchase...

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Southstone Confirms Shareholder Approval For Disposition of the Kwena Group

VANCOUVER, British Columbia, May 15, 2020 (GLOBE NEWSWIRE) — Southstone Minerals Limited (“Southstone” or the “Company”) (TSX.V – SML) is pleased to announce that at the annual and special shareholders meeting held on May 15th, 2020, the Company received disinterested and minority shareholder approval of the Company’s disposition of the Company’s 49% interest in the issued and outstanding Ordinary Shares and 74% interest in the issued and outstanding Preference Shares of each of Kwena Mining Projects (Pty) Ltd., Kwena Mining and Metallurgical Services (Pty) Ltd. and Kwena Springlake Projects (Pty) Ltd., as more particularly described in the Company’s News Release dated March 23rd, 2020.Subject to final TSX.V approval, the Company is proposing to close the transaction as of May 20th, 2020. ON BEHALF OF THE BOARD OF DIRECTORS OF SOUTHSTONE...

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Osisko reprend les opérations à Windfall

TORONTO, 15 mai 2020 (GLOBE NEWSWIRE) — Minière Osisko inc. (OSK : TSX, « Osisko » ou la « Société ») a annoncé aujourd’hui que conformément à la permission accordée par le gouvernement du Québec pour la reprise des activités d’exploration, et en étroite collaboration avec la Première Nation des Cris de Waswanipi et le gouvernement de la Nation Crie, une démarche a été tracée pour la reprise des opérations sur son projet aurifère Windfall, entièrement détenu par la Société et situé dans la ceinture de roches vertes de l’Abitibi, dans le canton d’Urban, Eeyou Istchee Baie-James, Québec. Cette collaboration s’inscrit dans le cadre de la relation positive de longue date qui a permis à la Nation Crie et à Osisko d’aborder des questions épineuses en cette période difficile et d’offrir une assistance mutuelle pour assurer la sécurité...

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Cresval Provides Update on Extension to Annual Filing

VANCOUVER, British Columbia, May 15, 2020 (GLOBE NEWSWIRE) — Cresval Capital Corp. (“Cresval” or the “Company”) (TSX-V: CRV) reports an update on the status of the filing of its annual financial statements, including the accompanying management’s discussion and analysis, and related CEO and CFO certifications for its financial year ended December 31, 2019 (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 to allow issuers the time needed to focus on the many other business and financial reporting implications of COVID-19.The Company continues to rely on the extension and expects to file the Annual Filings before the extension deadline required by the CSA and anticipates...

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GVIC Reports First Quarter Results

VANCOUVER, British Columbia, May 15, 2020 (GLOBE NEWSWIRE) — GVIC Communications Corp. (“GVIC” or the “Company”) reported revenue and earnings for the period ended March 31, 2020.SUMMARY RESULTSSIGNIFICANT DEVELOPMENTS IN Q1 2020 AND OUTLOOKOutlook and Impact of CoronavirusThe Company’s businesses began to feel the impact of the coronavirus (COVID-19) pandemic in the latter half of March. The operating and financial impact of the pandemic and the economic consequences accelerated rapidly post Q1.The Company operates a broad portfolio of businesses in terms of geography, industries served and business models. Print community media, residential and commercial real estate, energy and mining and most of the Company’s other businesses are being adversely impacted to a significant degree by the COVID pandemic, by advertising shortfalls...

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Glacier Reports First Quarter Results

VANCOUVER, British Columbia, May 15, 2020 (GLOBE NEWSWIRE) — Glacier Media Inc. (“Glacier” or the “Company”) reported revenue and earnings for the period ended March 31, 2020.SUMMARY RESULTS(1) Certain results are presented to include the Company’s proportionate share of its joint venture and associate operations, as this is the basis on which management bases its operating decisions and performance. The Company’s joint ventures and associates include Continental Newspapers Ltd, Great West Newspapers Limited Partnership, the Victoria Times-Colonist, Rhode Island Suburban Newspapers, Inc., Village Media Inc. and Borden Bridge Development Corporation.(2) The Company sold its interest in Fundata for $55.0 million in April 2019. Results were included up to March 31, 2019.(3) Includes $3.1 million purchase of land for Canada’s Outdoor...

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Nxt-ID, Inc. Announces Investor Webcast to Discuss the Financial Results for the Three Months Ended March 31, 2020 and to Provide a General Corporate and Business Update

Oxford, Connecticut, May 15, 2020 (GLOBE NEWSWIRE) — Nxt-ID, Inc. (NASDAQ: NXTD) (the “Company”), a provider of healthcare devices and services, announces results for the three months ended March 31, 2020.Financial Highlights and results from the first quarter included:Revenue for the three months ended March 31, 2020 was approximately $3.7 million compared to approximately $4.2 million for the three months ended March 31, 2019. The decline in revenue was directly attributable to the COVID-19 pandemic and its impact on sales at the end of March.Gross profit for the three months ended March 31, 2020 was approximately $2.8 million compared to approximately $3.2 million for the same 2019 period.Operating expenses for the three months ended March 31, 2020 were approximately $1.8 million compared to approximately $2.7 million for the...

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Mistras Group Announces Conference Call to Discuss First Quarter 2020 Results on May 19, 2020

PRINCETON JUNCTION, N.J., May 15, 2020 (GLOBE NEWSWIRE) — MISTRAS Group, Inc. (NYSE:MG) has scheduled a conference call for Tuesday, May 19, 2020 at 9:00 am Eastern Time to discuss its results for the first quarter of 2020. A press release with the first quarter results will be issued after the close of market on Monday, May 18, 2020.The call will broadcast over the Web and can be accessed on MISTRAS’ Website, www.mistrasgroup.com. Individuals in the U.S. wishing to participate in the conference call by phone may call 1-844-832-7227 and use confirmation identification code 6350977 when prompted. The International number is 1-224-633-1529. Those who wish to listen to the call later can access an archived copy of the conference call at the MISTRAS Website.About MISTRAS Group, Inc.MISTRAS is a leading “one source” global provider...

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Arco Platform Limited to Report First Quarter 2020 Financial Results on May 27, 2020

SÃO PAULO, Brazil, May 15, 2020 (GLOBE NEWSWIRE) — Arco Platform Limited, or Arco (Nasdaq: ARCE), today announced that it will report first quarter 2020 financial results for the period ended March 31, 2020, following the close of the market on Wednesday, May 27, 2020. The Company will host a corresponding conference call and webcast at 4:30 p.m. Eastern time on that day.Investors may listen to the conference call (ID: 8895947) by dialing (866) 679-4032 or +1 (409) 217-8315 at 4:30 p.m. Eastern Time on May 27, 2020. An audio replay of the call will be available through June 10, 2020 by dialing (855) 859-2056 or +1 (404) 537-3406 and entering access code 8895947. A live and archived webcast of the call will be available on the Investor Relations section of the Company’s website at https://arcoeducacao.gcs-web.com/.About Arco Platform...

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CAPREIT Reports Continued Growth and Strong Operating Performance in First Quarter of 2020

TORONTO, May 15, 2020 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX: CAR.UN) announced today continuing strong operating and financial results for the three months ended March 31, 2020.HIGHLIGHTS:(1) As at March 31.(2) Net Average Monthly Rent (“Net AMR”), previously defined as “AMR”, is defined as actual residential rents, excluding vacant units, divided by the total number of suites and sites in the property and does not include revenues from parking, laundry or other sources.(3) These measures are not defined by IFRS, do not have standard meanings and may not be comparable with other industries or companies.  Please refer to the cautionary statements under the heading “Non-IFRS Financial Measures” and the reconciliations provided...

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