Day: May 20, 2020

Ayr Strategies Reports First Quarter 2020 Financial Results

Written by Customer Service on May 20, 2020. Posted in Public Companies.

Q1 Revenue Increased to $33.6 Million Despite COVID-19 Challenges in MarchGenerated $7.4 Million Cash from Operations, Increasing Cash on Balance Sheet to $9.9 MillionIncrease in Cultivation Capacity Expected to Drive Gross Margin Expansion in NV and MA; Total Adjusted EBITDA Expected to Return to Q1 Levels in JuneTORONTO, May 20, 2020 (GLOBE NEWSWIRE) — Ayr Strategies Inc. (CSE: AYR.A, OTCQX: AYRSF) (“Ayr”), a vertically-integrated cannabis multi-state operator (MSO), is reporting financial results for the three months ended March 31, 2020. Unless otherwise noted, all results are presented in U.S. dollars.“Our results in 2020 have continued to demonstrate the strength of our business and the superior capabilities of our team,” said Jonathan Sandelman, CEO of Ayr Strategies. “Although cannabis has been deemed an ‘essential business’,...

Scorpio Tankers Inc. Announces Closing of a Previously Announced Credit Facility

Written by Customer Service on May 20, 2020. Posted in Public Companies.

MONACO, May 20, 2020 (GLOBE NEWSWIRE) — Scorpio Tankers, Inc. (NYSE: STNG) (the “Company”) announced today that it has closed a previously announced credit facility with a group of European financial institutions.In May 2020, the Company executed an agreement for a loan facility of up to $225.0 million with a group of European financial institutions. This loan facility consists of a $150.0 million term loan facility and $75.0 million revolving credit facility. The proceeds of this new facility are expected to be used to refinance the existing debt on nine vessels.The loan has a final maturity of five years from the closing date of the loan and bears interest at LIBOR plus a margin. The loan is expected to be repaid in equal quarterly installments with a balloon payment due at maturity. The terms and conditions, including financial...

Update on Award in CNOOC Arbitration

Written by Customer Service on May 20, 2020. Posted in Public Companies.

Not for distribution to the U.S. news wire services, or dissemination in the United States.HONG KONG, May 20, 2020 (GLOBE NEWSWIRE) — Primeline Energy Holdings Inc. (“Primeline” or the “Company”), listed on the TSX Venture Exchange under the trading symbol “PEH”, is announcing an update regarding its previously announced arbitration with China National Offshore Oil Corp. and CNOOC China Ltd. (the “CNOOC Arbitration”).‎Primeline announced in its press release of January 9, 2020, that based upon communications between its lawyers in the CNOOC Arbitration and the arbitral tribunal, the tribunal anticipated the final award would be ready to be transmitted to the parties by the end of February, 2020. Primeline has now received further communication from the tribunal, which has advised that it now anticipates that the award will be ready...

JOYY Reports First Quarter 2020 Unaudited Financial Results

Written by Customer Service on May 20, 2020. Posted in Earnings Releases And Operating Results.

GUANGZHOU, China, May 21, 2020 (GLOBE NEWSWIRE) — JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company,” formerly known as YY Inc.), a global video-based social media platform, today announced its unaudited financial results for the first quarter of 2020. First Quarter 2020 Financial HighlightsNet revenues increased by 49.6% to RMB7,149.4 million (US$1,009.7 million) from RMB4,780.6 million in the corresponding period of 2019.Net income attributable to controlling interest of JOYY Inc.1 was RMB386.7 million (US$54.6 million), compared to RMB3,120.4 million in the corresponding period of 20192.Non-GAAP net income attributable to controlling interest of JOYY Inc.3 was RMB428.9 million (US$60.6 million), compared to RMB653.5 million in the corresponding period of 2019, primarily due to the impact of the consolidation of Bigo Inc (“Bigo”).First...

OTTAWA BANCORP, INC. ANNOUNCES CASH DIVIDEND

Written by Customer Service on May 20, 2020. Posted in Dividend Reports And Estimates.

OTTAWA, Ill., May 20, 2020 (GLOBE NEWSWIRE) — May 20, 2020 – Ottawa Bancorp, Inc. (NasdaqCM: OTTW), the holding company for Ottawa Savings Bank FSB, announced today that its Board of Directors has declared a quarterly cash dividend of $0.08 per share, payable on or about June 17, 2020, to stockholders of record as of the close of business on June 3, 2020. Ottawa Bancorp, Inc. is the holding company for Ottawa Savings Bank, FSB which provides various financial services to individual and corporate customers in the United States. The Bank offers various deposit accounts, including checking, money market, regular savings, club savings, certificate, and various retirement accounts. Its loan portfolio includes one-to-four family residential mortgage, multi-family and non-residential real estate, commercial, and construction loans as...

Stingray Declares Quarterly Dividend to Shareholders

Written by Customer Service on May 20, 2020. Posted in Dividend Reports And Estimates.

MONTREAL, May 20, 2020 (GLOBE NEWSWIRE) — Stingray Group Inc. (TSX: RAY.A; RAY.B) (the “Corporation”; “Stingray”) today announced that the Board of Directors has declared a quarterly dividend of $0.075 per subordinate voting share, variable subordinate voting share and multiple voting share that will be payable on or around June 15, 2020, to holders of subordinate voting shares, variable subordinate voting shares and multiple voting shares on record as of May 29, 2020.The Corporation’s dividend policy is at the discretion of the Board of Directors and may vary depending upon, among other things, available cash flow, results of operations, financial condition, business growth opportunities and other factors that the Board of Directors may deem relevant.The dividends paid are designated as “eligible” dividends for the...

Stingray déclare un dividende trimestriel aux actionnaires

Written by Customer Service on May 20, 2020. Posted in Dividend Reports And Estimates.

MONTRÉAL, 20 mai 2020 (GLOBE NEWSWIRE) — Groupe Stingray Inc. (TSX : RAY.A; RAY.B) (« Stingray » ou la « société ») a annoncé aujourd’hui que son conseil d’administration a déclaré un dividende trimestriel de 0,075 $ par action à droit de vote subalterne, par action à droit de vote subalterne variable et par action à droit de vote multiple qui sera payable le 15 juin 2020 ou vers cette date aux porteurs d’actions à droit de vote subalterne, à droit de vote subalterne variable et à droit de vote multiple inscrits au registre en date du 29 mai 2020.La politique de la société en matière de dividendes est assujettie au pouvoir discrétionnaire du conseil d’administration et peut varier en fonction notamment des flux de trésorerie disponibles, des résultats d’exploitation, de la situation financière, des perspectives de croissance...

Melcor Developments announces first quarter results, declares quarterly dividend of $0.08 per share

Written by Customer Service on May 20, 2020. Posted in Public Companies.

EDMONTON, Alberta, May 20, 2020 (GLOBE NEWSWIRE) — Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today reported results for the quarter ended March 31, 2020. Revenue was down 3% to $33.77 million compared to Q1-2019. In spite of an increase in sales of single-family lots, the lack of land sales in the Community Development division led to a 36% decrease in divisional revenue over the same period last year. Revenue in our Investment Properties and REIT division grew by 5% over Q1-2019 as a result of transfers from the Property Development division and third party acquisitions over the past 12 months. Investment properties owned gross leasable area grew by 4%, while gross leasable area in the REIT grew by 12%.Q1-2020 net income was $66.64 million or $2.00 per share (basic)...

United States Steel Corporation Announces Senior Secured Notes Offering

Written by Customer Service on May 20, 2020. Posted in Public Companies.

PITTSBURGH, May 20, 2020 (GLOBE NEWSWIRE) — United States Steel Corporation (NYSE: X) (the “company” or “U.S. Steel”) today announced that it has commenced, subject to market conditions, an offering of $700 million aggregate principal amount of senior secured notes due 2025 (the “notes”).U.S. Steel intends to use the net proceeds from the offering to strengthen its balance sheet, increase liquidity and for general corporate purposes.The notes will be fully and unconditionally guaranteed on a senior secured basis by all of the company’s existing and future direct and indirect subsidiaries, other than certain “excluded subsidiaries.” Additionally, the notes and the note guarantees will be secured by first-priority liens, subject to permitted liens, on substantially all of the company’s and the guarantors’ assets, other than certain...

Argonaut Gold Shareholders and Alio Gold Securityholders Approve Merger to Create North American Diversified Intermediate Gold Producer

Written by Customer Service on May 20, 2020. Posted in Mergers And Acquisitions.

TORONTO and VANCOUVER, British Columbia , May 20, 2020 (GLOBE NEWSWIRE) — Argonaut Gold Inc. (“Argonaut” or “Argonaut Gold”) (TSX: AR) and Alio Gold Inc. (“Alio” or “Alio Gold”) (TSX, NYSE-A: ALO) are pleased to announce that Argonaut shareholders and shareholders and certain securityholders of Alio approved all matters voted on at their respective annual general and special meetings held earlier today, including approving the transaction announced on March 30, 2020 to combine companies, creating a diversified, North American intermediate gold producer.Argonaut Gold Voting ResultsThe merger with Alio was approved by 99.81% of the votes cast by Argonaut shareholders, with shareholders holding 106,837,086 shares or 59.13% of the outstanding shares of Argonaut present in person or represented by proxy at the meeting.All matters presented...

Day: May 20, 2020

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