Day: May 21, 2020

STAMFORD, Conn., May 21, 2020 (GLOBE NEWSWIRE) — Independence Holding Company (NYSE: IHC) (“IHC” or the “Company”) announced today the preliminary results of its tender offer to purchase up to 1,000,000 shares of its common stock at a price per share of $27.00, net to the seller in cash, without interest, less any applicable withholding taxes, which expired at 5:00 p.m., Eastern time, on May 21, 2020. Based on the preliminary count by Broadridge Corporate Issuer Solutions, Inc., the Depositary for the tender offer, approximately 36,615 shares of common stock were properly tendered and not withdrawn. Accordingly, IHC expects to accept for purchase a total of 36,615 shares at a purchase price of $27.00 per share, for an aggregate purchase price of $988,605.The number of shares tendered and not withdrawn are preliminary and are subject...

Increased earnings by $728 thousand from the first quarter of 2019Secured a $6.25 million 12-month term loan at prime + 4%Prepaid a $1.9 million Chesswood credit facility five months earlyUndertook initiatives to preserve value and conserve liquidity during COVID-19TORONTO, May 21, 2020 (GLOBE NEWSWIRE) — Dealnet Capital Corp. (“Dealnet” or the “Company”) (TSX VENTURE: DLS), reported today its financial results for the quarter ended March 31, 2020. All results are reported under International Financial Reporting Standards (“IFRS”) and in Canadian dollars, unless otherwise specified.In the first quarter of 2020, the Company earned net income of $114 thousand – the first quarterly positive net income from continuing operations in the Company’s current history – compared to a loss of $614 thousand...

**Not for distribution to United States News Services or release publication, distribution or dissemination, directly or indirectly, in the United States**CALGARY, Alberta and TORONTO, May 21, 2020 (GLOBE NEWSWIRE) — Magnetic North Acquisition Corp. (TSXV: MNC) (“Magnetic North” or the “Company”) is pleased to announce that the Board of Directors has approved a quarterly dividend (the “dividend”) on the Company’s preferred shares of $0.125 per share (or $0.50 per share on an annualized basis). The dividend will be paid May 25th, 2020 to holders of record on March 31st, 2020.Magnetic North’s dividend on its preferred shares is designated to be an eligible dividend for purposes of the Income Tax Act (Canada) and any similar provincial or territorial legislation.About Magnetic North Acquisition Corp.Magnetic North invests...

TORTOLA, British Virgin Islands, May 21, 2020 (GLOBE NEWSWIRE) — Orca Exploration Group Inc. (“Orca” or “the Company” and includes its subsidiaries and affiliates) (TSX-V: ORC.A, ORC.B) today announces it has filed its condensed consolidated interim financial statements and management’s discussion and analysis for the three month period ended March 31, 2020 with the Canadian securities regulatory authorities. All amounts are in United States dollars unless otherwise stated.Revenue for Q1 2020 decreased by 11% to $17.7 million compared to the same prior year period. The decrease is primarily a result of decreased sales to the Tanzanian Electric Supply Company Limited (“TANESCO”) under the Portfolio Gas Supply Agreement and a smaller current income tax adjustment due to lower revenues.  Gas deliveries...

GREENWICH, Conn., May 21, 2020 (GLOBE NEWSWIRE) — XPO Logistics, Inc. (“XPO” or the “Company”) (NYSE: XPO) today announced the pricing of its previously announced issuance of $300 million of 6.250% Senior Notes due 2025 (the “notes”). The notes will be issued as an add-on to the Company’s existing 6.250% Senior Notes, of which XPO currently has $850 million outstanding, pursuant to the indenture, dated as of April 28, 2020, among XPO, the guarantors party thereto and Wells Fargo Bank, National Association, as trustee of the Senior Notes due 2025. XPO will issue $300 million in aggregate principal amount of the notes at a price equal to 101.750% of par, plus accrued and unpaid interest from April 28, 2020, and a yield to maturity of 5.835%. The closing of the private placement of the notes is expected to occur on May 27, 2020, subject...

MOOREFIELD, W.Va., May 21, 2020 (GLOBE NEWSWIRE) — Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) today announces its Board of Directors recently declared a second quarter 2020 dividend of $0.17 per share payable on June 30, 2020 to common shareholders of record as of the close of business on June 15, 2020.Summit Financial Group, Inc. is a $2.5 billion financial holding company headquartered in Moorefield, West Virginia. Summit provides community banking services primarily in the Eastern Panhandle, Southern and North Central regions of West Virginia and the Northern, Shenandoah Valley and Southwestern regions of Virginia, through its bank subsidiary, Summit Community Bank, Inc., which operates thirty-nine banking locations.                                   

SANTA MONICA, Calif., May 21, 2020 (GLOBE NEWSWIRE) — TrueCar, Inc. (NASDAQ: TRUE), the most efficient and transparent online destination to find a car, announced today the continuation of financial payment relief for its dealer customers through June. In states where its pay-per-sale or performance-based billing arrangements are not currently available, the company will automatically reduce subscription invoices by 25%. This June discount follows the previously announced 50% reductions to those dealers’ April and May invoices.“The automotive sector is on the path toward recovery,” said Mike Darrow, President and Chief Executive Officer of TrueCar. “While ALG is projecting U.S. retail new vehicle sales to be down 21% and 20% in May and June, respectively, these figures are outperforming initial estimates and other markets globally.”Darrow...

SPRINGDALE, Ark., May 21, 2020 (GLOBE NEWSWIRE) — David J. Bronczek, 65, has been appointed to the board of directors of Tyson Foods (NYSE: TSN), company officials announced today.  Bronczek is the recently retired president and chief operating officer of FedEx Corporation, the global logistics and transportation company. He was part of FedEx for more than 40 years, starting as a courier and progressing into the company’s management ranks. His roles included leading FedEx Express in Canada, Europe, the Middle East and Africa, and later serving for 17 years as president and CEO of FedEx Express.A native of Ohio and graduate of Kent State University, Bronczek also has experience as an independent public company director, previously serving on the board of International Paper. He also previously served as United Way Mid-South Board...

DENVER, May 21, 2020 (GLOBE NEWSWIRE) — Assure Holdings Corp. (the “Company” or “Assure”) (TSXV: IOM; OTCQB: ARHH), a provider of intraoperative neuromonitoring services, will hold a conference call on Friday, May 29, 2020, at 12:00 p.m. Eastern time to discuss its financial results for the fourth quarter and full year ended December 31, 2019. The Company will report its financial results in a press release prior to the conference call.Assure’s executive chairman and CEO John Farlinger, CFO Trent Carman and Founder Preston Parsons will host the conference call, followed by a question and answer period.Pursuant to Assure’s news release dated April 24, 2020, the Company has relied on the blanket relief granted by the Canadian Securities Administrators and the U.S. Securities and Exchange Commission, which gave all market participants...

CEO, CTO to Discuss Company’s Manufacturing and CMC Strategy and Overall Industry TrendsNEW YORK, May 21, 2020 (GLOBE NEWSWIRE) — Prevail Therapeutics Inc. (Nasdaq: PRVL), a biotechnology company developing potentially disease-modifying AAV-based gene therapies for patients with neurodegenerative diseases, today announced that Asa Abeliovich, M.D., Ph.D., Founder and Chief Executive Officer of Prevail, and Yong Dai, Ph.D., Chief Technology Officer of Prevail will participate in a virtual fireside chat at the Chardan 4th Annual Genetic Medicines Manufacturing Summit on Tuesday, May 26, 2020.About Prevail TherapeuticsPrevail is a gene therapy company leveraging breakthroughs in human genetics with the goal of developing and commercializing disease-modifying AAV-based gene therapies for patients with neurodegenerative diseases. The...