Trevali Provides Update on Revolving Credit Facility

Written by Customer Service on May 29, 2020. Posted in Public Companies.

VANCOUVER, British Columbia, May 29, 2020 (GLOBE NEWSWIRE) — Trevali Mining Corporation (“Trevali” or the “Company”) (TSX: TV, BVL: TV; OTCQX: TREVF, Frankfurt: 4TI) announced today that it continues to engage with its syndicate of lenders on a solution to short-term financing and liquidity requirements, and has been granted a waiver of compliance with the existing financial covenants until June 30, 2020. In addition, the facility has been permanently reduced from $275 million to $200 million, allowing the Company to save on standby fees. The temporary reduction to the availability under the facility to $125 million announced on April 3, 2020 remains in place at this time.The Company continues to work with its financial advisors on the strategic review process to explore financing alternatives to enhance shareholder value. No timeline...

Amendment of Warrants

Written by Customer Service on May 29, 2020. Posted in Public Companies.

L’ASSOMPTION, Québec, May 29, 2020 (GLOBE NEWSWIRE) — Terranueva Corporation (CSE : TEQ) (the “Corporation” or “Terranueva”) announces its intention to amend the term and exercise price of the 2,310,000 Series A warrants issued as part of a private placement which closed on December 14, 2018 (the “Warrants”). Under the current terms, each Warrant can be exercised until 5:00 p.m. on June 14, 2020 at an exercise price of $0.65.The Corporation intends to extend the expiry of these Warrants to 5 p.m. on June 14, 2022, or for two additional years, and modify the exercise price of the Warrants to $ 0.275, the whole, subject to the following conditions in accordance with the policies of the Canadian Stock Exchange: (i) if, following the amendment, the market price of the common shares of the share capital of the Corporation (the “Common...

Modification de bons de souscription

Written by Customer Service on May 29, 2020. Posted in Public Companies.

L’ASSOMPTION, Québec, 29 mai 2020 (GLOBE NEWSWIRE) — Corporation Terranueva (CSE : TEQ) (la « Société » ou « Terranueva ») annonce son intention de modifier la durée et le prix d’exercice des 2 310 000 bons de souscription de la Série A qui avaient été émis lors du placement privé clôturé le 14 décembre 2018 (« Bons de souscription »). Selon les termes actuels, chaque Bon de souscription entier peut être exercé jusqu’à 17h le 14 juin 2020 à un prix d’exercice de 0,65 $.La Société entend prolonger la durée de validité des Bons de souscription jusqu’à 17h le 14 juin 2022, soit deux années supplémentaires, et de modifier le prix d’exercice des Bons de souscription à 0,275 $, sous réserve des conditions suivantes en conformité avec les politiques de la Bourse des valeurs canadiennes: (i) si, suivant la modification, le prix du marché...

Update on Financial Information Filing

Written by Customer Service on May 29, 2020. Posted in Public Companies.

MONTREAL, May 29, 2020 (GLOBE NEWSWIRE) — Glen Eagle Resources Inc. (TSX.V: GER) (or “the Company”) announces that with regard to its filing deferral concerning the year-end Company’s financial statements from April 29th to June 12th and Q1-2020 from May 30th to July 14th 2020, these will be filed on time. By doing so, the Company has made best use of the COVID-19 regulatory decree.The Company also reports that no material change has occurred within the time frame as stated herein.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Jean Labrecque,President Glen Eagle Resources Inc4710 St-Antoine Street, Suite 308Montreal, CanadaTel: 514-808-9807

Kuuhubb Reports Fiscal Q3 2020 Financial Results

Written by Customer Service on May 29, 2020. Posted in Public Companies.

TORONTO, May 29, 2020 (GLOBE NEWSWIRE) — Kuuhubb Inc. (“Kuuhubb” or the “Company”) (TSX- V: KUU), a mobile game development and publishing company targeting the female audience with bespoke mobile experiences, has reported its unaudited financial results for the three and nine month periods ended March 31, 2020. The Company’s unaudited consolidated financial statements as at, and for, the three and nine months ended March 31, 2020 and related management’s discussion and analysis can be found on the Company’s SEDAR profile at www.sedar.com. The Company’s financial year end is June 30. Highlights for the Fiscal Third Quarter Ended March 31, 2020:Revenue for the three and nine months ended March 31, 2020 was US$1.79 million and US$6.05 million, respectively (unaudited). This revenue was generated from sales of the Recolor app,...

Cequence Energy Announces That it is Undertaking a Strategic Process and has Entered a Court Supervised Restructuring Proceeding

Written by Customer Service on May 29, 2020. Posted in Public Companies.

CALGARY, Alberta, May 29, 2020 (GLOBE NEWSWIRE) — Cequence Energy Ltd. (“Cequence” or the “Company”) (TSX: CQE) announces that it has commenced a strategic process to identify and pursue potential strategic options and alternatives to maximize the value for its stakeholders, which will be carried out under the Companies’ Creditors Arrangement Act (“CCAA”).The strategic process will explore a broad range of options and alternatives that may be available to the Company to address its liquidity challenges brought on by the significant deterioration in commodity prices, driven largely by the economic impact of the COVID-19 pandemic. These options may include the sale of all or a portion of the business and assets or shares of the Company, renegotiation of certain onerous contracts, refinancing, recapitalization...

Corporate Update and Update on Q3 Filings

Written by Customer Service on May 29, 2020. Posted in Public Companies.

VANCOUVER, British Columbia, May 29, 2020 (GLOBE NEWSWIRE) — Affinor Growers Inc. (“AFI” or the “Company”) (CSE:AFI, OTC:RSSFF, Frankfurt:1AF) provides a corporate update and update on the filing of the Company’s unaudited condensed interim financial statements for the nine months ended February 29, 2020.Corporate UpdateWith the reality setting in that the Covid-19 pandemic is far from over and that social distancing and other restrictions could be in place for several months, it’s becoming more important than ever to have a consistent food supply that is secure, safe, and clean. With that in mind, Affinor is working harder than ever to commercialize its current technology and also working with Cobotix Manufacturing Inc. in developing additional vertical farming technologies to expand our product line.Cannabis LED Light Grow TrialsIn...

Clear Blue Technologies International Announces Shares for Debt Transaction and Annual Incentive Compensation Awards

Written by Customer Service on May 29, 2020. Posted in Public Companies.

TORONTO, May 29, 2020 (GLOBE NEWSWIRE) — Clear Blue Technologies International Inc. (Clear Blue or the “Company”) (TSXV: CBLU) (FRANKFURT: 0YA), the Smart Off-Grid™ company, is pleased to announce that it has entered into debt settlement agreements with certain directors, officers and employees of the Company to settle aggregate indebtedness of $340,225 in exchange for the issuance of an aggregate of 2,013,161 common shares of the Company at a price per share of $0.169, being the volume weighted average price of the Company’s common shares 20 trading-day period ended May 29, 2020, thereby allowing the Company to preserve cash and improve its balance sheet.As a further cash savings measure, the Company has granted an aggregate of 365,880 restricted stock units (“RSUs”) to certain members of the Company’s...

Valley National Bancorp Announces Pricing of Subordinated Notes

Written by Customer Service on May 29, 2020. Posted in Public Companies.

NEW YORK, May 29, 2020 (GLOBE NEWSWIRE) — Valley National Bancorp (NASDAQ:VLY) (“Valley”) announced today that it priced $115 million of its 5.25% Fixed-to-Floating Rate Notes due 2030 (the “Notes”). Interest on the Notes will accrue at a rate equal to (i) 5.25% per annum from the original issue date to, but excluding, June 15, 2025, payable semiannually in arrears, and (ii) a floating rate per annum equal to a benchmark rate, which is expected to be Three-Month Term SOFR (as defined in the Notes), plus a spread of 514 basis points from, and including, June 15, 2025, payable quarterly in arrears. The Notes are intended to qualify as Tier 2 capital for regulatory purposes.Valley intends to use the net proceeds from the offering of the Notes for general corporate purposes and investments in Valley National Bank as regulatory capital....

Yamana Gold Announces Filing of Technical Report for Jacobina

Written by Customer Service on May 29, 2020. Posted in Public Companies.

TORONTO, May 29, 2020 (GLOBE NEWSWIRE) — YAMANA GOLD INC. (TSX:YRI; NYSE:AUY) (“Yamana” or the “Company”) today provided notice that a National Instrument 43-101 technical report has been filed with Canadian securities regulators for the Jacobina mine in Brazil. The new technical report, called “NI 43-101 Technical Report, Jacobina Gold Mine, Bahia State, Brazil,” has an effective date of December 31, 2019, and is available under Yamana’s profile on www.sedar.com.About YamanaYamana Gold Inc. is a Canadian-based precious metals producer with significant gold and silver production, development stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile and Argentina. Yamana plans to continue to build on this base through expansion and optimization initiatives at existing operating...

Day: May 29, 2020

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