Day: June 1, 2020

TORONTO, June 01, 2020 (GLOBE NEWSWIRE) — ECN Capital Corp. (TSX: ECN) (“ECN Capital”) today announced that its wholly-owned subsidiary, Triad Financial Services, Inc. (“Triad”), has been approved as a qualified mortgage seller and servicer by Freddie Mac (OTCQB: FMCC).  According to the Manufactured Housing Institute, manufactured housing represents nearly 10 percent of the nation’s housing stock with more than 22 million people in the U.S. living in a manufactured home.“We are thrilled to partner with Freddie Mac in support of its mission to empower homeownership,” said Michael Tolbert, President of Triad.“Manufactured housing provides a vital solution to affordable housing in the U.S.,” said Mike Dawson, vice president of strategy and policy for Freddie Mac’s Single-Family Business. “We’re excited to partner with Triad Financial...

LAVAL, Quebec, June 01, 2020 (GLOBE NEWSWIRE) — Mason Graphite Inc. (“Mason Graphite” or “the Company”) (TSX.V: LLG; OTCQX: MGPHF) is pleased to present a corporate update and a change to its Board of Directors.Commercial Development and Strategic DiscussionsIn recent weeks, Mason Graphite has intensified its discussions with important users of spherical graphite (2nd transformation), a product used in Li-ion batteries. These potential customers, active in the electrification of transports, are actively working to develop and secure their future supply chains in anticipation of the very high demand increase forecasted for the coming years, in addition to the recent global uncertainty of relying on a single, potentially unstable and unpredictable source of supply for critical minerals.  These discussions confirm to Mason Graphite’s...

LAVAL, Québec, 01 juin 2020 (GLOBE NEWSWIRE) — Mason Graphite Inc. (« Mason Graphite » ou « la Société ») (TSX.V : LLG ; OTCQX : MGPHF) présente une mise à jour corporative et annonce un changement au conseil d’administration.Développement commercial et discussions stratégiquesAu cours des dernières semaines, Mason Graphite a intensifié ses discussions avec d’importants utilisateurs de graphite sphérique (2e transformation), produit utilisé dans la fabrication des batteries Li-ion. Ces clients potentiels, œuvrant au niveau de l’électrification des transports, travaillent activement à sécuriser leur chaîne d’approvisionnement en prévision de la très forte croissance de la demande anticipée dans les prochaines années. Et les récentes incertitudes, causées par la dépendance à une source unique pour les minéraux critiques, source potentiellement...

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESTORONTO, June 01, 2020 (GLOBE NEWSWIRE) — Discovery Metals Corp. (TSXV: DSV; OTCQX: DSVMF) is pleased to announce that it has closed the first tranche of the non-brokered private placement (the “Private Placement”) as previously announced on May 18, 2020. The first tranche consists of 31,090,945 units (“Units”) at a price of C$0.55 per Unit for aggregate proceeds of C$17,100,020. Each Unit is comprised of one common share of Discovery (“Common Share”) and one half of one Common Share purchase warrant, with each full warrant (a “Warrant”) exercisable at C$0.77 for a period of two years after the date of issuance. Discovery intends to close a further C$7,899,980 in subscriptions in a second tranche of the Private Placement, for an aggregate...

VANCOUVER, British Columbia, June 01, 2020 (GLOBE NEWSWIRE) — Aequus Pharmaceuticals Inc. (TSX-V: AQS, OTCQB: AQSZF) (“Aequus” or the “Company”), a specialty pharmaceutical company with a focus on developing, advancing and promoting differentiated products, today reported financial results for the three months ended March 31, 2020 (“First Quarter 2020”) and associated Company developments. Unless otherwise noted, all figures are in Canadian currency.Today the Company reported record quarterly revenues of $579,450 for Q1 2020, a 76% increase in revenues compared to Q1 2019,” said Doug Janzen, Chairman and CEO of Aequus. “We ended 2019 with strong sales momentum and are pleased to report a record quarter in Q1 2020, almost doubling revenues over the same period 12 months ago. The revenue growth was primarily due to increases in market...

DENVER, June 01, 2020 (GLOBE NEWSWIRE) — RLH Corporation (NYSE:RLH) announced today the appointment of Gary A. Kohn as its Executive Vice President, Chief Financial Officer effective May 29, 2020.  Mr. Kohn brings to Red Lion more than 30 years of experience in finance, accounting, investor relations, treasury and strategy.  Mr. Kohn has been serving as a consultant to Red Lion since May 18, 2020.  Mr. Kohn will be responsible for overseeing all financial aspects of the Company, including financial planning and analysis, accounting and reporting as well as managing the tax, internal audit, treasury and investor relations functions.  John Russell, Interim Chief Executive Officer of RLH, stated, “We are pleased to have Gary officially join RLHC as our Chief Financial Officer.  A number of our finance team professionals have had an...

TORONTO, June 01, 2020 (GLOBE NEWSWIRE) — Western Troy Capital Resources Inc. (NEX: WRY.H) (“Western Troy” or the “Company”) is pleased to announce that it intends to complete a non-brokered private placement of units (each, a “Unit”) at a price of $0.015 per Unit for aggregate gross proceeds of up to $500,000 (the “Offering”).Each Unit shall be comprised of one common share in the capital of the Company (each, a “Common Share”) and one Common Share purchase warrant (each, a “Warrant”), each Warrant entitling the holder thereof to acquire on additional Common Share at price of $0.05 for a period of twelve (12) months from the closing date of the Offering.The Offering is subject to approval of the NEX board of the TSX Venture Exchange (the “NEX”). It is expected that the Closing of the Offering will occur on or before June 30, 2020....

New leadership named at Comau in preparation for its future as a publicly-listed companyPaolo Carmassi joins as CEO from Malvern Panalytical and previously Honeywell Alessandro Nasi appointed ChairmanFiat Chrysler Automobiles N.V. (“FCA”) (NYSE:FCAU / MTA:FCA) announces that Paolo Carmassi has been appointed Chief Executive Officer of Comau (“Comau” or “the Company”) in preparation for its future as one of the world’s leading global providers of Industry 4.0 enabling systems, products and services and its stock market listing. Alessandro Nasi will become the Company’s Chairman.Mr. Carmassi joins Comau with significant experience in global high-technology business management. For the past four years, he has led Malvern Panalytical Ltd. (a Spectris company), a major provider of scientific instrumentation for materials analysis. Previously,...

SANTA MONICA, Calif., June 01, 2020 (GLOBE NEWSWIRE) — ALG, Inc., a subsidiary of TrueCar, Inc. and the industry benchmark for determining the future resale value of a vehicle, projects average transaction prices (ATP) to be up 4.6% or $1,607 from a year ago but down -1.7% or $639 from April 2020. “Every brand, with the exception of Kia, has increased their average transaction price year-over-year in May mainly attributed to ongoing 0% interest rates. Kia is down likely due to lower inventory levels on their popular Telluride model, which carries one of the highest MSRPs in their lineup,” said Eric Lyman, Chief Industry Analyst at ALG, a subsidiary of TrueCar.“It’s important to note that while average transaction prices have increased year-over-year, they are down month-over-month,” added Lyman. “We can expect a trend of lower inventory...

CALGARY, Alberta, June 01, 2020 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) announces that it has completed the annual review of its credit facilities. The Company’s banking syndicate has renewed the reserve-based facility until November 30, 2020. The credit facility has been reduced to $42 million which reflects the currently outstanding letters of credit for long term transportation commitments and is secured by the Company’s cash balances.The Company continues to pursue opportunities to access credit support offered by the Government of Canada during this uncertain economic environment created by the COVID-19 pandemic.Athabasca remains focused on maximizing corporate funds flow and maintaining strong corporate liquidity. As at May 31, 2020 the Company has cash and cash equivalents of...