Day: May 20, 2020

Velan Inc. Reports Its Year-End and Fourth Quarter 2019/20 Financial Results

MONTREAL, May 20, 2020 (GLOBE NEWSWIRE) — Velan Inc. (TSX: VLN) (the “Company”), a world-leading manufacturer of industrial valves, announced today its financial results for its fiscal year and fourth quarter ended February 29, 2020.HighlightsSales of US$113.6 million for the quarterNet loss1 of US$11.1 million for the quarterOperating profit before restructuring and transformation costs2 of US$6.2 million for the quarterAdjusted EBITDA2 of US$9.9 million for the quarterOrder backlog of US$406.8 million at the end of the quarterNet new orders received (“Bookings”) of US$88.3 million for the quarterNet cash of US$31.0 million at the end of the quarterReturned US$0.6 million to shareholders in the quarter and US$2.2 million in the fiscal year by way of dividends and share repurchasesFourth Quarter Fiscal 2020 (unless otherwise noted,...

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Velan inc. publie ses résultats financiers pour l’exercice et le quatrième trimestre 2019/20

MONTRÉAL, 20 mai 2020 (GLOBE NEWSWIRE) — Velan Inc. (TSE : VLN) (la « Société »), l’un des chefs de file mondiaux en fabrication de robinetterie industrielle, a annoncé aujourd’hui ses résultats financiers pour l’exercice et le quatrième trimestre terminés le 29 février 2020.Faits saillantsChiffre d’affaires de 113,6 millions de dollars américains pour le trimestrePerte nette1de 11,1 millions de dollars américains pour le trimestreRésultat d’exploitation avant frais de restructuration et transformation2 de 6,2 millions de dollars pour le trimestreBAIIA ajusté2 de 9,9 millions de dollars américains pour le trimestreCarnet de commandes de 406,8 millions de dollars américains à la fin du trimestreNouvelles affaires nette (les « nouvelles affaires ») de 88,3 millions de dollars américains pour le trimestreMontant net de la trésorerie...

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Timbercreek Financial announces Voting Results from Annual Meeting of Shareholders

TORONTO, May 20, 2020 (GLOBE NEWSWIRE) — Timbercreek Financial (the “Company“) (TSX:TF) announced the voting results for the election of its board of directors, which took place at the Company’s Annual Meeting held on May 14, 2020. The nominees listed in the management information circular dated April 6, 2020 were elected as directors of the Company and detailed results of the votes cast by proxy are set out below:At the Annual Meeting, KPMG LLP was reappointed as the Company’s auditors to hold office until the next annual meeting of shareholders of the Company and the directors were authorized to fix their remuneration.About the CompanyTimbercreek Financial is a leading non-bank, commercial real estate lender providing shorter-duration, structured financing solutions to commercial real estate investors. Our sophisticated,...

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PRGX Global, Inc. to Present at Barrington Research Conference

ATLANTA, May 20, 2020 (GLOBE NEWSWIRE) — PRGX Global, Inc. (Nasdaq: PRGX), a global leader in Recovery Audit and Spend Analytics services, today announced that it will be presenting at the Barrington Research Virtual Spring Investment Conference on Thursday, May 21, 2020. Ron Stewart, president and chief executive officer, and Kurt Abkemeier, chief financial officer, will represent PRGX.The presentation materials to be used at the conference will be available online at www.prgx.com under the “investor” section on the morning of Thursday May 21, 2020.About PRGXPRGX helps companies spot value in their source-to-pay processes that other sophisticated solutions didn’t get to before. Having identified more than 300 common points of leakage, we help companies reach wider, dig deeper, and act faster to get more value out of their source-to-pay data....

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CORRECTION: KP Tissue declares a Quarterly Dividend of $0.18 per Common Share

NOT FOR DISTRIBUTION IN THE U.S.A. OR OVER U.S. WIRE SERVICESCORRECTION – In the news release “KP Tissue Declares a Quarterly Dividend of $0.18 per Common Share” issued May 8, 2020, the Payable Date and Record Date were wrongly stated. It should have been July 15, 2020, instead of July 13, 2020 and July 3, 2020 instead of June 26, 2020, respectively. The complete, corrected release follows:MISSISSAUGA, Ontario, May 20, 2020 (GLOBE NEWSWIRE) — KP Tissue Inc. (“KPT”) (TSX: KPT) announced today that the Board of Directors has declared a quarterly dividend of $0.18 per common share, payable on July 15, 2020 to shareholders of record at the close of business on July 3, 2020, subject to applicable law.Dividend Reinvestment PlanThe Corporation has a Dividend Reinvestment Plan under which eligible shareholders may elect to have their...

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CORRECTION : Papiers Tissu KP déclare un dividende trimestriel de 0,18 $ par action ordinaire

NON DESTINÉ À LA PUBLICATION AUX ÉTATS-UNIS NI AUX AGENCES DE TRANSMISSION AMÉRICAINESCORRECTION – Dans le communiqué de presse « Papiers Tissu KP déclare un dividende trimestriel de 0,18 $ par action ordinaire » émis le 8 mai 2020, les dates de paiement et de clôture des registres étaient erronées. Elles auraient dû être le 15 juillet 2020 au lieu du 13 juillet 2020 et le 3 juillet 2020 au lieu de 26 juin 2020, respectivement. La version complète et corrigée du communiqué suit:MISSISSAUGA, Ontario, 20 mai 2020 (GLOBE NEWSWIRE) — Papiers Tissu KP inc. (TSX : KPT) (« PTKP »), a annoncé aujourd’hui que son conseil d’administration a déclaré un dividende trimestriel de 0,18 $ par action ordinaire. Ce dividende sera payable le 15 juillet 2020 aux actionnaires inscrits à la fermeture des bureaux le 3 juillet 2020, sous réserve...

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LGI Homes Announces the Grand Opening of Crimson Lake Estates in Oklahoma City Area

EL RENO, Okla., May 20, 2020 (GLOBE NEWSWIRE) — LGI Homes, Inc. (Nasdaq:LGIH) today announced the opening of a new community, Crimson Lake Estates, in El Reno, Oklahoma.To accommodate homebuyers during this time, the Crimson Lake Estates information center is open for tours by appointment only and is in compliance with Centers for Disease Control and Prevention (CDC) and local safety guidelines.“Now, more than ever, home has become command central for all that we do. With homes expanding to become our offices, schools, gyms, and in many cases all three, spacious layouts with the room to accommodate the daily activities of the entire household has become essential,” says Lucas Lansman, Division President. “At Crimson Lake Estates, LGI Homes is offering several of our most popular floor plans that provide the space you desire.”At...

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Disposition of Shares of Cabral Gold Inc.

TORONTO, May 20, 2020 (GLOBE NEWSWIRE) — In accordance with regulatory requirements, Dundee Corporation (TSX: DC.A) announces that, through its wholly owned subsidiary, Dundee Resources Limited it has sold 180,000 common shares (“Shares”) of Cabral Gold Inc.  (TSXV:CBR) (the “Issuer”) at an average price of $0.1321 per share for aggregate consideration of $23,775. Immediately prior to the disposition of securities described in this news release, Dundee owned or controlled 6,000,000 Shares and warrants to purchase up to 366,000 Shares representing an approximate 9.73% interest in the Issuer on an undiluted basis and 10.26% on a partially diluted basis.  Immediately following the transaction that triggered the requirement to file this news release, Dundee owns 5,820,000 Shares and warrants to purchase up to 366,000 Shares, representing...

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