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Month: May 2020

Teladoc Health Prices Upsized Offering of $850 Million of Convertible Senior Notes due 2027

PURCHASE, NY, May 14, 2020 (GLOBE NEWSWIRE) — Teladoc Health, Inc. (NYSE:TDOC) (“Teladoc Health”) today announced the pricing of its offering of $850 million aggregate principal amount of Convertible Senior Notes due 2027 (the “Notes”) in a private offering to qualified institutional buyers pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The size of the offering was increased by $50 million from the previously announced offering size of $800 million. In connection with the offering of the Notes, Teladoc Health granted the initial purchasers of the Notes an option to purchase, for settlement within a period of 13 days from, and including, the closing date for the offering of the Notes, up to an additional $150 million aggregate principal amount of Notes...

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Ultra Petroleum Corp. Signs Restructuring Support Agreement for Comprehensive Balance Sheet Restructuring, Launches Solicitation for Prepackaged Plan of Reorganization, Voluntarily Files for Chapter 11 to Implement an Agreement in Principle with Certain Lenders and Noteholders and Pursue Consensual Financial Restructuring to Right-Size Long-Term Capital Structure

ENGLEWOOD, Colo., May 14, 2020 (GLOBE NEWSWIRE) — Ultra Petroleum Corp. (“Ultra” or the “Company”) (OTCQX: UPLC) has agreed to the terms of a comprehensive balance-sheet restructuring with key creditor constituencies, more specifically including holders of 100% of the loans under its first lien RBL credit facility, 85% of the loans under its first lien term loan, and 67% of its second lien notes (collectively, the “Supporting Creditors”).  To implement the transactions, Ultra has commenced solicitation of votes to accept a prepackaged plan of reorganization and has voluntarily filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas, Houston Division (the “Bankruptcy Court”).The Company has secured a commitment for financing of up to $25...

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SJI Reaffirms Commitment to Sustainability, Introduces Clean Energy and Sustainability Team

FOLSOM NJ, May 14, 2020 (GLOBE NEWSWIRE) —                                                                                                 Media Contact:  Marissa Travaline(609) 561-9000 ext. 4227mtravaline@sjindustries.com                                                                                                          Investor Contact: Dan Fidell(609) 561-9000 ext. 7027dfidell@sjindustries.comFOR IMMEDIATE RELEASESJI Reaffirms Commitment to Sustainability, Introduces Clean Energy and Sustainability TeamFOLSOM, NJ, May 14, 2020 – SJI (NYSE: SJI) today announced the formation of its Clean Energy and Sustainability team, responsible for the development, execution and oversight of all clean energy and sustainability initiatives for the organization.“SJI is committed to the clean energy and sustainability goals of New Jersey and...

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Cequence Energy Announces First Quarter Financial Results

CALGARY, Alberta, May 14, 2020 (GLOBE NEWSWIRE) — Cequence Energy Ltd. (“Cequence” or the “Company”) (TSX: CQE) is pleased to announce its operating and financial results for the three months ended March 31, 2020. The Company’s Management’s Discussion and Analysis (“MD&A”) and Condensed Consolidated Financial Statements are available at cequence-energy.com and on SEDAR at www.sedar.com.HIGHLIGHTS

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Hudbay Announces First Quarter 2020 Results

TORONTO, May 14, 2020 (GLOBE NEWSWIRE) — Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE:HBM) today released its first quarter 2020 financial results. All amounts are in U.S. dollars, unless otherwise noted.First Quarter Operating and Financial ResultsDelivered a solid operating quarter in Manitoba, which included record mine production at Lalor and record throughput at the Stall concentrator.Lalor ore mined and Stall concentrator throughput increased by 8% and 19%, respectively, in the first quarter of 2020 compared to the fourth quarter of 2019.Constancia achieved target mill throughput and operating unit costs during the quarter prior to its temporary shutdown.Net loss of $76.1 million or $0.29 per share for the first quarter of 2020 reflects lower realized base metal prices, lower Constancia grades in line with the...

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Diversified Royalty Corp. Announces Results of Annual and Special Meeting

VANCOUVER, British Columbia, May 14, 2020 (GLOBE NEWSWIRE) — Diversified Royalty Corp. (TSX: DIV and DIV.DB) (the “Corporation” or “DIV”) is pleased to announce that at its annual and special meeting of shareholders held on May 14, 2020 (the “Meeting”), all directors nominated as listed in DIV’s information circular dated April 14, 2020 were elected for the ensuing year. Details of the voting by ballot are as follows:DIV has also filed a report of voting results of all resolutions voted on at the Meeting on SEDAR at www.sedar.com.About Diversified Royalty Corp.DIV is a multi-royalty corporation, engaged in the business of acquiring top-line royalties from well-managed multi-location businesses and franchisors in North America. DIV’s objective is to acquire predictable, growing royalty streams from a diverse group of multi-location...

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Aurora Spine Quarterly Filings Update

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICESCARLSBAD, Calif., May 14, 2020 (GLOBE NEWSWIRE) — Aurora Spine Corporation (“Aurora Spine” or the “Company”) (TSX VENTURE:ASG) is providing an update on the status of the filing of its quarterly financial statements and accompanying management’s discussion and analysis, and related CEO and CFO certifications for the three months ended March 31, 2020 (collectively “Quarterly Filings”).The logistics of the Company’s financial statement preparation and audit processes have been impacted by government action in response to the COVID-19 pandemic, including severe restrictions on movement affecting our employees and operations in California. On March 18, 2020, the Canadian Securities Administrators (CSA) announced that...

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LGI Homes to Present at the 13th Annual J.P. Morgan Homebuilding & Building Products Conference

THE WOODLANDS, Texas, May 14, 2020 (GLOBE NEWSWIRE) — LGI Homes, Inc. (NASDAQ: LGIH) announced today that management will be presenting to investors at the 13th Annual J.P. Morgan Homebuilding & Building Products Conference on Monday, May 18th, 2020 at 9:45 a.m. Eastern Time. A link to the live audio webcast will be provided through the Investors section of the LGI Homes website at www.lgihomes.com under Events and Presentations as well as directly through the J.P. Morgan event website at https://jpmorgan.metameetings.net/events/homebuilding20/sessions/31433-lgi-homes-inc/webcast. An archived version of the presentation will be available for 30 days following the presentation.Participants are encouraged to access the webcast event page at least ten minutes before the live event for the audio link and any accompanying materials.About...

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Aleafia Health Announces Date for Annual Shareholders’ Meeting

TORONTO, May 14, 2020 (GLOBE NEWSWIRE) — Aleafia Health Inc. (TSX: ALEF, OTC: ALEAF) (“Aleafia Health” or the “Company”) announced today that its upcoming annual and special meeting of shareholders (the “Meeting”) will be held on Tuesday, June 30, 2020 at 10:00 a.m. EDT. The record date for shareholders entitled to notice of and to vote at the Meeting has been fixed as the close of business on May 21, 2020.Given COVID-19, the Company will be holding the Meeting as a completely virtual meeting, which will be conducted via a web interface. Shareholders will not be able to attend the Meeting in person this year and will be strongly encouraged to vote in advance of the Meeting by proxy. Details as to how shareholders may attend the Meeting electronically and vote electronically will be included in the Company’s Meeting materials, which...

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Nexus REIT Announces Q1 2020 Results, Annual Meeting Voting Results and June Distribution

TORONTO and MONTREAL, May 14, 2020 (GLOBE NEWSWIRE) — Nexus Real Estate Investment Trust (the “REIT”) (TSXV: NXR.UN) announced today its results for the quarter ended March 31, 2020 the voting results from its annual meeting, and the declaration of the June 2020 distribution.HighlightsCompleted a $17,400,000 accretive acquisition of 3 industrial properties in Saskatchewan at a blended cap rate of 7.6% on February 3, 2020.Q1 2020 net operating income of $9,773,635 was up $836,814 or 9.4%  compared to $8,936,821 for Q1 2019.Q1 2020 normalized AFFO per unit of $0.049 increased by 0.6% as compared to Q1 2019 normalized AFFO per unit of $0.049; normalized AFFO payout ratio for Q1 2020 of 81.3% is down from 81.6% for Q1 2019.Q1 2020 normalized AFFO per unit of $0.049 decreased $0.0026 per unit or 5% as compared to Q4 2019 normalized...

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