Month: May 2020

TORONTO, May 13, 2020 (GLOBE NEWSWIRE) — Noranda Income Fund (TSX:NIF.UN) (the “Fund”) today reported its financial results for the first quarter ended March 31, 2020. Except where otherwise indicated, all amounts in this press release are expressed in US dollars.  First Quarter 2020 HighlightsAt the outset of the COVID-19 pandemic, the Fund’s processing facility was recognized as an essential service due to its priority manufacturing activities and continued operations during the quarter. Numerous precautions to curb the spread of COVID‑19 and to protect the health of its workforce and contractors have been implemented onsite, in accordance with the directives of public health officials.Earnings before income taxes were $11.5 million in Q1 2020 compared to a loss before income taxes of $23.1 million in Q1 2019.Adjusted EBITDA1...

TORONTO, 13 mai 2020 (GLOBE NEWSWIRE) — Le Fonds de revenu Noranda (TSX : NIF.UN) (le « Fonds ») a annoncé aujourd’hui ses résultats financiers pour le premier trimestre clos le 31 mars 2020. À moins d’indication contraire, tous les montants figurant dans le présent communiqué de presse sont en dollars américains.Faits saillants du premier trimestre de 2020Dès le début de la pandémie de COVID-19, l’affinerie du Fonds a été désignée comme un service essentiel en raison de ses activités de fabrication prioritaires et ses activités se sont poursuivies au cours du trimestre. De nombreuses précautions visant à limiter la propagation de la COVID-19 et à protéger la santé des employés et des sous-traitants ont été mises en place sur les lieux, conformément aux directives émises par les autorités de santé publique.Le Fonds a dégagé un bénéfice...

CALGARY, Alberta, May 13, 2020 (GLOBE NEWSWIRE) — Storm Resources Ltd. (“Storm” or the “Company“) (TSX:SRX) is pleased to announce the voting results from its annual general meeting of shareholders held on May 13, 2020. A total of 103,244,460 common shares, representing approximately 84.94% of Storm’s issued and outstanding shares, were represented at the meeting.The following nominees were elected as directors of Storm for the ensuing year, with the specific voting results being as follows:In addition, shareholders approved the appointment of Ernst & Young LLP as the Company’s auditor for the ensuing year (99.99% of the votes cast being in favour).Shareholders also approved a non-binding advisory resolution on the Company’s approach to executive compensation (95.72% of the votes cast being in favour).Storm...

TORONTO, May 13, 2020 (GLOBE NEWSWIRE) — WPT Industrial Real Estate Investment Trust (the “REIT”) (TSX: WIR.U; WIR.UN; OTCQX: WPTIF) announced today its results for the three months ended March 31, 2020.  All dollar amounts are stated in U.S. funds.Highlights for the three months ended March 31, 2020:Investment properties revenue and net operating income (“NOI”)(1) both increased 28.9% over the same period last yearFunds from operations (“FFO”)(1) and adjusted funds from operations (“AFFO”)(1) increased 43.0% and 53.5%, respectively, over the same period last yearSame properties NOI(1) was up 1.4% in the quarterCompleted a subscription receipt offering in February 2020, raising approximately $271 million in gross proceedsAmended the REIT’s senior unsecured credit facility (“Credit Facility”) in March 2020, increasing capacity from...

VANCOUVER, British Columbia, May 13, 2020 (GLOBE NEWSWIRE) — Pure Gold Mining Inc. (TSX-V: PGM, LSE: PUR) (“Pure Gold” or the “Company”) is pleased to announce that its unaudited condensed interim consolidated financial statements (“Financial Statements”) for the first quarter ended March 31, 2020 and the accompanying Management’s Discussion and Analysis are available for download on the Company’s website at www.puregoldmining.ca at under the Company’s SEDAR profile at www.sedar.com.Financial and Operating Highlights for the quarter and to date:During the three months ended March 31, 2020, the Company advanced construction and underground development activities at its 100%-owned Pure Gold Red Lake Mine Project (“RL Mine Project” or the “Project”). A summary of the highlights for the three months ended March 31, 2020 and to date...

MARKHAM, Ontario, May 13, 2020 (GLOBE NEWSWIRE) — Sienna Senior Living Inc. (“Sienna” or the “Company”) (TSX: SIA) today provided an update on its operations and announced its financial results for the three months ended March 31, 2020. The Unaudited Condensed Interim Consolidated Financial Statements and accompanying Management’s Discussion and Analysis are available on the Company’s website at www.siennaliving.ca and on SEDAR at www.sedar.com.“I am incredibly grateful for our team who continues to demonstrate commitment, compassion and resilience amid the fight against COVID-19,” said Lois Cormack, President and Chief Executive Officer of Sienna Senior Living. “We are deeply saddened by the tragic loss of life of residents and two valued team members. I express my deepest condolences to their families and our team members, who...

REGINA, Saskatchewan, May 13, 2020 (GLOBE NEWSWIRE) — Information Services Corporation (TSX:ISV) (“ISC” or the “Company”) today provided an update regarding its Annual and Special Meeting (the “Meeting”) confirming that the Meeting will be held on Tuesday, June 30, 2020 in Regina, Saskatchewan.  A new Notice of Meeting and Record Date has been filed on SEDAR at www.sedar.com.Information related to the Meeting will be included in ISC’s Management Information Circular, which the Company expects to make available on SEDAR at www.sedar.com and on our website at www.company.isc.ca/investor-relations/financial-reports on or around May 29, 2020. As a result of the COVID-19 pandemic, ISC postponed the Meeting which was originally scheduled for May 13, 2020.  As such, ISC has not yet filed its Executive Compensation Disclosure, which will...

TORONTO, May 13, 2020 (GLOBE NEWSWIRE) — Sprott Resource Holdings Inc. (“SRHI” or the “Company”) (TSX: SRHI; SRHI.WT) announces that the Toronto Stock Exchange (the “TSX”) has notified the Company that it is reviewing the eligibility of the Company’s securities for continued listing on the TSX pursuant to the requirements of the TSX Company Manual (the “Manual”).The Company is being reviewed under the TSX’s remedial review process and has been granted 120 days to comply with all requirements for continued listing. If the Company cannot demonstrate that it meets applicable TSX requirements set out in Part VII of the Manual on or before September 10, 2020, the Company’s securities will be delisted 30 days from such date. The Company’s securities will continue to trade on the TSX during the remedial review process.There can be no assurance...

CALGARY, Alberta, May 13, 2020 (GLOBE NEWSWIRE) — Canacol Energy Ltd. (“Canacol” or the “Corporation”) (TSX:CNE; OTCQX:CNNEF; BVC:CNEC) is pleased to report its financial and operating results for the three months ended March 31, 2020.  Dollar amounts are expressed in United States dollars, except as otherwise noted.Charle Gamba, President and CEO of the Corporation, commented: “The first quarter of 2020 marked a milestone for the Corporation as we achieved record natural gas sales of 202 MMscfpd, up 65% from the same first quarter of 2019 and up 12% from the last quarter of 2019.  We also closed the first quarter of 2020 with $49 million in cash, and remain well funded to execute the remainder of the 2020 capital program.In the first quarter of 2020, we announced our December 31, 2019 year end reserves, with a proved plus probable...

TORONTO, May 13, 2020 (GLOBE NEWSWIRE) — Northland Power Inc. (“Northland” or the “Company”) (TSX: NPI) today reported financial results for three months ended March 31, 2020.“Our financial and operating performance during the first quarter was solid, however, our highest priority to date has been to ensure the health and safety of our employees, contractors and communities across our global operations amid the COVID-19 pandemic,” noted Mike Crawley, President and Chief Executive Officer of Northland. “As outlined in our March 30th update, Northland provides an essential service, and our efforts are focused on ensuring our facilities continue to operate at high levels of availability. The strength of our balance sheet and stable cash flow profile, which are underpinned by long-term revenue contracts, position the company well to...