Month: May 2020

Reported first quarter net income attributable to all partners of $27.8 million; EBITDA increased 23.5% year-over-yearLimited Partners’ interest in net income increased approximately 51% year-over-yearFirst quarter distributable cash flow coverage ratio of 1.15x and total leverage ratio of approximately 4.1xPermian Gathering acquisition increases scale and improves outlook for leverage ratios and distribution coverageDeclared first quarter distribution of $0.890 per limited partner unit; reflects 8.5% percent increase year-over-yearReiterating 5% distribution growth in 2020 versus year-ago levelsLowering 2020 capital spending from $22.7 million to approximately $17.6 millionBRENTWOOD, Tenn., May 05, 2020 (GLOBE NEWSWIRE) — Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) today announced its financial...

OTTAWA, Ill., May 05, 2020 (GLOBE NEWSWIRE) — Ottawa Bancorp, Inc. (the “Company”) (Nasdaq CM: OTTW), the holding company for Ottawa Savings Bank, FSB (the “Bank”), announced net income of $0.1 million, or $0.029 per basic and diluted common share for the three months ended March 31, 2020, compared to net income of $0.4 million, or $0.130 per basic and diluted common share for the three months ended March 31, 2019.  During the first quarter of 2020, the Company experienced an increase in loan originations which drove growth in the loan portfolio.  The loan portfolio, net of allowance, increased to $250.3 million as of March 31, 2020 from $247.8 million as of December 31, 2019. Non-performing loans increased slightly from $2.3 million at December 31, 2019 to $2.6 million at March 31, 2020, which caused the ratio of non-performing loans...

HOUSTON, May 05, 2020 (GLOBE NEWSWIRE) — Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific” or the Company”) today announced business updates related to the novel coronavirus (COVID-19).  Par Pacific has implemented a furlough of 29 employees in response to the previously announced decline in throughput rates at its refineries in Kapolei, Hawaii. The reduction in staff is not expected to affect the Company’s ability to maintain an ample supply of refined product to satisfy Hawaii’s needs. Considering these updates and the impact of COVID-19, Par Pacific’s President and Chief Executive Officer and the independent members of the Company’s Board of Directors will reduce their cash salaries by 75%, effective today.About Par PacificPar Pacific Holdings, Inc. (NYSE: PARR), headquartered in Houston, Texas, owns and operates market-leading...

WINNIPEG, Manitoba, May 05, 2020 (GLOBE NEWSWIRE) — DELTA 9 CANNABIS INC. (TSX: DN) (OTCQX: VRNDF) (“Delta 9” or the “Company”) is pleased to provide guidance on select financial results for the first quarter of 2020 based on preliminary results:The Company anticipates revenues for the three-month period ending March 31, 2020 to be between $11.3 million and $11.9 million compared with;$5.6 million for the first quarter of 2019.$10.6 million sequentially for the fourth quarter of 2019. The Company anticipates direct cannabis production cost per gram of $0.98 and total cost per gram of $1.10 for the first quarter 2020, compared with $0.91 and $1.04 respectively for the fourth quarter of 2019. Delta 9 anticipates total grams of cannabis produced of 1,198,983 for the first quarter of 2020, compared with 1,305,806 grams of cannabis for...

VANCOUVER, British Columbia, May 05, 2020 (GLOBE NEWSWIRE) — Amerigo Resources Ltd. (TSX: ARG, “Amerigo” or the “Company”) announces the results of voting at its 2020 Annual General Meeting of Shareholders (the “AGM”) held on May 4, 2020 in Vancouver, British Columbia.A total of 43,302,885 common shares were voted at the AGM, representing 23.95% of the votes attached to all outstanding common shares of the Company. Shareholders voted in favour of all items of business before the AGM, including the election of all director nominees as follows:Aurora Davidson, President, CEO and CFO of the Company, has joined the Company’s Board of Directors after having been elected as a director at the AGM.Detailed voting results for the 2020 Annual General Meeting are available on SEDAR at www.sedar.comAbout the Company:Amerigo...

MCLEAN, Va., May 05, 2020 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) announced today that it priced its new 0.375% three-year USD Reference Notes® security due on May 5, 2023. The issue, CUSIP number 3137EAER6, was priced at 99.958 to yield 0.389%, 15 basis points more than the yield on three-year U.S. Treasury Notes. The issue will settle on Thursday, May 7, 2020.The new three-year Reference Notes security is offered via a syndicate of dealers headed by Citigroup Global Markets Inc., Nomura Securities International, Inc. and Wells Fargo Securities LLC.This announcement is not an offer to sell any Freddie Mac securities. Offers for any given security are made only through applicable offering circulars and related supplements, which incorporate Freddie Mac’s Annual Report on Form 10-K for the year ended December 31, 2019, filed...

HOUSTON, May 05, 2020 (GLOBE NEWSWIRE) — U. S. Well Services, Inc. (NASDAQ: USWS) will issue its financial and operating results for the first quarter 2020 before the market opens on Monday, May 11, 2020 and host its earnings conference call and webcast at 4:00 p.m. Central Time the same day.For those who cannot listen to the live call, a replay will be available through May 18 and may be accessed by dialing 201-612-7415 and using the passcode 13703536. Also, an archive of the webcast will be available shortly after the call at http://ir.uswellservices.com/events-and-presentations/events.About U.S. Well Services, Inc.U.S. Well Services, Inc. is a leading provider of hydraulic fracturing services and a market leader in electric fracture stimulation. The Company’s patented electric frac technology provides one of the first fully electric,...

Great Falls, VA, May 05, 2020 (GLOBE NEWSWIRE) — Live Oak Acquisition Corp. (the “Company”), a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, announced today that it priced its initial public offering of 20,000,000 units at $10.00 per unit. While the Company may pursue an initial business combination target in any business or industry, it intends to focus its search on companies in the financial services, industrial, business services, and real estate sectors.  The Company is led by Chief Executive Officer, Richard J. Hendrix, Chief Financial Officer, Andrea K. Tarbox, President, Gary K. Wunderlich, Jr. and Chief Operating Officer, Ross Berner.The units will be listed on the New...

VANCOUVER, British Columbia, May 05, 2020 (GLOBE NEWSWIRE) — Rock Tech Lithium Inc. (the “Company” or “Rock Tech”) (TSX-V: RCK; Frankfurt: RJIB) announces that, further to its news release dated October 11, 2019, it has, by mutual consent, extended its Memorandum of Understanding (“MOU”) with Ardiden Limited (ASX: ADV), a nearby lithium explorer, through June 30, 2020.Under the terms of the MOU, Rock Tech and Ardiden will endeavor to work together towards a joint strategy for the development of their two flagship lithium projects: Georgia Lake (owned by RCK) and Seymour Lake (owned by ADV). Apart from a centralized processing plant, the teams of both companies are assessing possible synergies arising from a jointly developed regional downstream chemical processing.“Due to travel restrictions and the general slowdown...

BIRMINGHAM, Ala., May 05, 2020 (GLOBE NEWSWIRE) — ServisFirst Bank, a subsidiary of ServisFirst Bancshares, Inc. (NASDAQ: SFBS), announces approving and funding over 3,700 Paycheck Protection Program loans with a value of over $1 billion within a four-week period. ServisFirst Bank recognized this unforeseen time as an opportunity to help its clients and immediately ramped up all systems and expanded capacity to participate in the Paycheck Protection Program to secure funding for their clients and their clients’ businesses.“Our bankers were available, responsive, and worked diligently with our clients around the clock to fulfill loan requests,” stated Tom Broughton, President and CEO. “Relationships and our clients’ long-term success are at the core of everything we do, with the goal being to add value for our customers. These relationships...