Month: May 2020

VANCOUVER, British Columbia, May 12, 2020 (GLOBE NEWSWIRE) — The Keg Royalties Income Fund (the “Fund”) (TSX: KEG.UN) today announced that its May 2020 distribution of $0.035 per unit has been declared and is payable to unitholders of record as at May 21, 2020. The May 2020 distribution will be paid on May 29, 2020. The Fund is a limited purpose, open-ended trust established under the laws of the Province of Ontario that, through The Keg Rights Limited Partnership (the “Partnership”), a subsidiary of the Fund, owns certain trademarks and other related intellectual property used by Keg Restaurants Ltd. (“KRL”). In exchange for use of those trademarks, KRL pays the Fund a royalty of 4% of gross sales of Keg restaurants included in the royalty pool.Vancouver-based KRL is the leading operator and franchisor of steakhouse...

BRISBANE, Calif., May 12, 2020 (GLOBE NEWSWIRE) — MyoKardia, Inc. (Nasdaq: MYOK), a clinical-stage biopharmaceutical company discovering and developing targeted therapies for the treatment of serious cardiovascular diseases, today announced the pricing of an underwritten public offering of 5,250,000 shares of its common stock at a public offering price of $105.00 per share, before underwriting discounts. In addition, the underwriters have a 30-day option to purchase up to an additional 787,500 shares of common stock on the same terms and conditions. The offering is expected to close on or about May 15, 2020, subject to the satisfaction of customary closing conditions. MyoKardia anticipates using net proceeds from the offering, together with its existing cash, cash equivalents and short-term and long-term investments, to support...

TORONTO, May 12, 2020 (GLOBE NEWSWIRE) — Sprott Resource Holdings Inc. (“SRHI” or the “Company”) (TSX: SRHI) today announced that Minera Tres Valles SpA (“MTV”), the Company’s 70% Chilean copper mining subsidiary, has commenced reorganization proceedings by filing a Judicial Restructuring Procedure (“JRP”) in Chile to seek protection from creditors to give MTV sufficient time to complete its refinancing efforts to allow for the completion of the construction of its underground mine. This is the equivalent of filing for creditor protection under the Companies’ Creditors Arrangement Act in Canada.After careful consideration of all available alternatives following thorough consultation with its advisors, the Company and MTV determined that it was in the best interests of MTV and all of its stakeholders to file for an application for...

BEIJING, May 12, 2020 (GLOBE NEWSWIRE) — Uxin Limited (“Uxin” or the “Company”) (Nasdaq: UXIN), a leading national online used car dealer in China, today announced it filed its annual report on Form 20-F for the fiscal year ended December 31, 2019 with the Securities and Exchange Commission on May 12, 2020. The annual report can be accessed on the Company’s investor relations website at http://ir.xin.com as well as the SEC’s website at http://www.sec.gov.The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to Investor Relations Department, Uxin Limited, 3/F, Tower E, LSHM Center, No. 8 Guangshun South Avenue, Chaoyang District, Beijing 100102, People’s Republic of China.About...

NEW YORK, May 12, 2020 (GLOBE NEWSWIRE) — Travelzoo® (NASDAQ: TZOO), an Internet media company that publishes exclusive offers and experiences for members, announced today that due to the ongoing public health impact of the coronavirus (COVID-19) pandemic and to support the health and well-being of its stockholders, the Annual Meeting of Stockholders to be held on Friday, May 29, 2020 (the “Annual Meeting”), will be held at 10:00 a.m. (Pacific Daylight Time) in a virtual meeting format only. Stockholders will not be able to attend the Annual Meeting in person.As described in the previously distributed Proxy Statement and notice, stockholders are entitled to participate in the Annual Meeting if they were a stockholder of the Company as of the close of business on April 1, 2020, the record date, or hold a legal proxy for...

VANCOUVER, British Columbia, May 12, 2020 (GLOBE NEWSWIRE) — Rio Silver Inc. (“Rio Silver” or the “Company”) (TSX.V: RYO) is pleased to announce that it has closed the previously announced non-brokered private placement (the “Financing”) for gross proceeds of $160,000. The proceeds of which will be used to fund ongoing operational expenditures, demand loan payments and critical sustaining costs including concession taxes in Peru.Upon the completion of the Financing the Company issued 6,400,000 units, (the “Units”) at a price of $0.025 per Unit. Each Unit consists of one common share and one transferable share purchase warrant. Each whole warrant is exercisable into one additional common share of the Company at a price of $0.08 per share until May 12, 2022.The Company paid finders’ fees of $2,000 in cash and...

TORONTO, May 12, 2020 (GLOBE NEWSWIRE) — Jamieson Wellness Inc. (“Jamieson Wellness” or the “Company”) (TSX:JWEL) today announced that its Board of Directors (the “Board”) has approved certain amendments to the Company’s long-term incentive plan (the “LTIP”) and employee share purchase plan (the “ESPP”, and together with the LTIP, the “Plans”), having considered suggestions from Institutional Shareholder Services to make certain changes to the Plans that are consistent with the Company’s current policies and historical practices.The LTIP amendments (i) confirm the limit on the value of annual grants of awards issuable to each non-employee member of the Board under the LTIP and any other share-based compensation arrangement adopted by the Company; (ii) restrict the ability of the Company to make certain amendments to the LTIP or...

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TORONTO, May 12, 2020 (GLOBE NEWSWIRE) — Element Fleet Management Corp. (TSX:EFN) (“Element” or the “Company”), a leading global provider of fleet management services, confirmed today that all nine nominees listed in its management information circular (the “Circular”) dated April 2, 2020 were elected as directors at the Annual Meeting of Shareholders held on May 12, 2020 (the “Meeting”), with each director receiving in excess of 97.0% of votes cast in favour of their election. A total of 374,516,511 common shares (approximately 85.57% of the outstanding common shares) were represented in person or by proxy at the Meeting.“We would like to acknowledge and thank our shareholders, both for the excellent voter turnout of over 85.0% of shares voted and also for their continued support as evidenced by the voting percentages at the Meeting,”...

VANCOUVER, British Columbia, May 12, 2020 (GLOBE NEWSWIRE) — Photon Control Inc. (“Photon Control” or the “Company”) (TSX: PHO), a leading developer and supplier of optical measurement technologies and systems, is pleased to announce the appointment of Damian Towns as its Chief Financial Officer (“CFO”) and Corporate Secretary, effective May 13, 2020.  He will be based out of Photon Control’s global headquarters in Richmond, Canada.Photon Control’s strategy of capitalizing on its strong financial position in addressing opportunities both inside and outside of the semiconductor market requires it to continually strengthen its executive management team. The appointment of Damian Towns, with a proven track record in complex financial organizations including acquisitions, helps the Company deliver on that strategy.  He is an established...