Month: May 2020

Not for distribution to U.S. newswire services or for dissemination in the United States or its possessions. Any failure to comply with this restriction may constitute a violation of U.S. securities law.TORONTO, May 11, 2020 (GLOBE NEWSWIRE) — Northland Power Inc. (“Northland”) (TSX: NPI) announces that it has completed the early redemption of its 4.75% convertible unsecured subordinated debentures, Series C, originally due June 30, 2020 (the “Debentures”).Northland had approximately $148.4 million aggregate principal amount of the Debentures outstanding when it issued a redemption notice on April 6, 2020.  As permitted under the terms of the Debentures, certain holders converted their Debentures into Common Shares prior to the May 11, 2020 redemption date.  As a result, Northland redeemed approximately $1.8 million of Debentures...

Highlights of the Quarter(unless otherwise noted, all financial amounts in this news release are expressed in U.S. dollars)Company Achieves Net Profitability on Higher Sales:  IBC recorded a comprehensive income of $171,000 in the quarter, or $0.00 per share, which compared to a loss of $639,000, or ($0.02) in the prior-year period.  Profitability was driven by higher revenue and stronger gross margins, with consolidated sales up 12% in the quarter and higher by 17% year-to-date over the comparable prior-year periods.Sales Improved Across Both Operating Divisions:  Copper Alloys sales improved by 10% in the quarter and by 16% in the year-to-date period, as compared to the corresponding periods of 2019. Engineered Materials division sales rose by 18% in the quarter, and were higher by 20% in the year-to-date period, as compared to the...

CALGARY, Alberta, May 11, 2020 (GLOBE NEWSWIRE) — Suncor announced today that it has priced an offering of US$450 million in aggregate principal amount of senior unsecured notes due on May 15, 2023 (the “2023 Notes”) and US$550 million in aggregate principal amount of senior unsecured notes due on May 15, 2025 (the “2025 Notes” and, together with the “2023 Notes”, the “Notes”). The 2023 Notes will have a coupon of 2.800% and the 2025 Notes will have a coupon of 3.100%. The offering is expected to close on May 13, 2020, subject to customary closing conditions.Suncor intends to use the net proceeds from the sale of the Notes to repay short-term indebtedness and for general corporate purposes. Pending any such use of the net proceeds, Suncor will invest the net proceeds in bank deposits and short-term marketable securities. Suncor...

CALGARY, Alberta, 11 mai 2020 (GLOBE NEWSWIRE) — Suncor a annoncé aujourd’hui qu’elle avait fixé le prix d’une offre de placement de billets non garantis de premier rang d’un montant en capital global de 450 millions $ US venant à échéance le 15 mai 2023 (les « Billets de 2023 ») et de billets non garantis de premier rang d’un montant en capital global de 550 millions $ US venant à échéance le 15 mai 2025 (les « Billets de 2025 » et, combinés aux « Billets de 2023 », les « Billets »). Les Billets de 2023 porteront intérêt à un taux de 2,800 % et les Billets de 2025 porteront intérêt à un taux de 3,100 %. La date de clôture du placement devrait être le 13 mai 2020, sous réserve des conditions habituelles de clôture.Suncor entend utiliser le produit net du placement des Billets pour rembourser une dette à court terme...

TORONTO, May 11, 2020 (GLOBE NEWSWIRE) — Cryptologic Inc. (“Cryptologic” or the “Company”) (CSE:CRY) today announces that due to continued limitations as a result of the COVID-19 pandemic, its auditors are not yet able to finalize the audit of the Company’s financial statements for the year ended December 31, 2019.  Cryptologic previously announced that the Company expected to file its financial statements and management’s discussion and analysis for the year ended December 31, 2019 (the “Annual Filings”) on or before May 11, 2020. The Company now expects to file its Annual Filings on or before May 14, 2020.On April 27, 2020, the Company announced its reliance on temporary regulatory filing relief due to constraints imposed on its auditor by the COVID-19 pandemic, and that it intended to rely on the temporary blanket relief for...

ST. JOHN’S, Terre-Neuve-et-Labrador, 11 mai 2020 (GLOBE NEWSWIRE) — Fortis Inc. (« Fortis » ou la « Société ») (TSX/NYSE:FTS) a aujourd’hui tenu en ligne son assemblée annuelle et extraordinaire des actionnaires. Barry Perry, président et chef de la direction, y a présenté les résultats financiers de 2019 et du premier trimestre de 2020, et y a parlé des répercussions de la COVID-19 sur la Société.En 2019, Fortis a dégagé un excellent bénéfice net d’environ 1,7 milliard de dollars, a réalisé des dépenses en immobilisations de 3,8 milliards et a augmenté pour une 46e année consécutive son dividende annuel par action ordinaire. Pendant l’assemblée, Fortis a confirmé qu’elle maintenait sa stratégie à long terme, son programme d’immobilisations sur cinq ans de 18,8 milliards de dollars et une croissance annuelle moyenne de son dividende...

May 12, 2020Team Tankers International Ltd. Announces 1st Quarter 2020 Results1st Quarter 2020 resultsTeam Tankers International Ltd. (OSE: TEAM) reported EBITDA for the 1st quarter of $16.5 million, compared with $15.8 million in the 4th quarter of 2019 (Q1’19: $14.0 million).  Net income in the 1st quarter of 2020 was $1.4 million, compared with a net loss of $9.7 million in the 4th quarter of 2019 (net loss of $4.8 million excluding a $4.9 million vessel impairment charge recognized in the quarter; Q1’19 net loss: $7.9 million). The average time charter equivalent rate for the fleet was $13,812 per day this quarter, compared with $12,348 per day in the previous quarter.Team’s CEO, Hans Feringa, commented “We entered into a strategic commercial cooperation with Maersk Tankers and a joint venture with V.Group for technical...

BATON ROUGE, La., May 11, 2020 (GLOBE NEWSWIRE) — Lamar Advertising Company (Nasdaq: LAMR) announced today that its wholly owned subsidiary, Lamar Media Corp., has agreed to sell $400.0 million in aggregate principal amount of 4 7/8% Senior Notes due 2029 (the “Notes”) through an institutional private placement.  The proceeds, after the payment of fees and expenses, to Lamar Media of this offering are expected to be approximately $394.5 million.  Subject to customary closing conditions, the closing of this offering is expected on or about May 13, 2020.Lamar Media intends to use the proceeds of this offering, after the payment of fees and expenses, (i) to ‎ repay indebtedness outstanding under the revolving portion of its senior credit facility‎, and (ii) the remainder, if any, to fund working capital needs or for general corporate...

HOUSTON, May 11, 2020 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) today reported operational and financial results for the first quarter 2020.Highlights and Recent Key Items:Produced 4,944 net revenue interest (“NRI”)(1) barrels of crude oil per day (“BOPD”), or 5,683 working interest (“WI”)(2) BOPD near the high end of first quarter guidance (4,700 – 5,000 NRI BOPD);Increased first quarter 2020 production 35% compared with the fourth quarter of 2019 due to the successful drilling campaign;Reported a net loss of $52.8 million ($0.91 per diluted share), Adjusted Net Income(3) of $6.9 million ($0.12 per diluted share) and generated Adjusted EBITDAX(3) of $6.0 million;The net loss of $52.8 million for the first quarter included non-cash charges of $59.7 million primarily as a result of the decrease in oil prices;Completed...

CARLSBAD, Calif., May 11, 2020 (GLOBE NEWSWIRE) — SeaSpine Holdings Corporation (NASDAQ: SPNE), a global medical technology company focused on surgical solutions for the treatment of spinal disorders, today announced the Company will participate in a virtual fireside chat with BTIG.SeaSpine is scheduled to present on Monday, May 18, 2020 at 1:00 pm ET.  Anyone interested in accessing the live call should email a participation request to: USCorporateAccess@btig.com. An audio replay of the event will be available on the Company’s website at investor.seaspine.com.About SeaSpineSeaSpine (www.seaspine.com) is a global medical technology company focused on the design, development and commercialization of surgical solutions for the treatment of patients suffering from spinal disorders.  SeaSpine has a comprehensive portfolio of orthobiologics...