Day: June 3, 2020

Sienna Senior Living Launches Sweeping Initiatives to Protect its Residents

Written by Customer Service on . Posted in Public Companies.

MARKHAM, Ontario, June 03, 2020 (GLOBE NEWSWIRE) — The Board of Directors and management of Sienna Senior Living Inc. (“Sienna” or the “Company”) (TSX: SIA) today issued the following statement.The information coming out about long-term care residences across our organization, some of which was detailed in the report of the Canadian Armed Forces (“CAF”), has shaken our team here at Sienna, most of whom go to work every day to provide compassionate, necessary frontline care for our residents. It is no secret that the challenges long-term care residences have been facing in dealing with the COVID-19 pandemic have been extraordinary and have brought to light the many short-comings that exist in our sector.While disturbing, the CAF report was written during the peak of a crisis situation. It does not reflect the current reality at our...

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Jourdan Increases Option Percentage in Preissac-Lacorne Lithium Portfolio

Written by Customer Service on . Posted in Public Companies.

TORONTO, June 03, 2020 (GLOBE NEWSWIRE) — Jourdan Resources Inc. (TSX-V: JOR) (“Jourdan” or the “Company”) is pleased to announce that, pursuant to an amending agreement (the “Amending Agreement”) entered into with Infinite Ore Corp.  (“Infinite”; TSX-V: ILI; formerly Alix Resources Corp.) in connection with an option agreement, it has increased its percentage interest of an option (the “Infinite Option”) it holds in Infinite’s 145 claim Preissac-Lacorne lithium portfolio (the “Portfolio”) from 75% to 100%. For more information about the Infinite Option, please see the Company’s press releases dated May 9, 2017 and May 16, 2017, which are available under the Company’s SEDAR profile at www.sedar.com.In consideration for the increased percentage in the Portfolio, the parties agreed to adjust the consideration payable by the Corporation...

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Diversified Royalty Corp. Announces June 2020 Cash Dividend and Re-Opening of Certain Mr. Mikes Dining Rooms and Bars

Written by Customer Service on . Posted in Public Companies.

VANCOUVER, British Columbia, June 03, 2020 (GLOBE NEWSWIRE) — Diversified Royalty Corp. (TSX: DIV and DIV.DB) (the “Corporation” or “DIV”) is pleased to announce that its board of directors has approved a cash dividend of $0.01667 per common share for the period of June 1, 2020 to June 30, 2020, which is equal to $0.20 per common share on an annualized basis. The dividend will be paid on June 30, 2020 to shareholders of record as of the close of business on June 15, 2020.Re-Opening of Certain Mr. Mikes Dining Rooms and BarsDIV is pleased to announce that Mr. Mikes Restaurants Corporation (“Mr. Mikes”) has advised DIV that 33 of 45 Mr. Mikes restaurants are currently open for in-restaurant or patio dining at reduced capacity. Mr. Mikes has advised DIV that it and its franchisees are following the regulations and recommendations of...

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Werner Announces Pricing of Offering of Common Stock by Founder

Written by Customer Service on . Posted in Public Companies.

OMAHA, Neb., June 03, 2020 (GLOBE NEWSWIRE) — Werner Enterprises, Inc. (Nasdaq: WERN) today announced the pricing of an underwritten public offering of 12,845,930 shares of its common stock by the Clarence L. Werner Revocable Trust, of which our founder Clarence L. Werner is the grantor and sole trustee, at a public offering price of $41.00 per share.  In addition, the Clarence L. Werner Revocable Trust has granted the underwriters of the offering a 30-day option to purchase up to an additional 1,284,593 shares of common stock.  Morgan Stanley is acting as the sole book-running manager of the offering.  The Company is not selling any shares of common stock in the offering, and the Company will not receive any proceeds from the offering by the selling shareholder.  Subject to the satisfaction of customary conditions, the offering...

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New Pacific Announces Filing of Amended and Restated Technical Report for Silver Sand Project

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VANCOUVER, British Columbia, June 03, 2020 (GLOBE NEWSWIRE) — New Pacific Metals Corp. (TSX-V: NUAG) (OTCQX: NUPMF) (“New Pacific” or the “Company”) announces today the filing of an amended and restated technical report entitled “Silver Sand Deposit Mineral Resource Report (Amended)” with an effective date of January 16, 2020 (the “Amended and Restated Technical Report”) prepared by AMC Mining Consultants (Canada) Ltd. (“AMC”). The Amended and Restated Technical Report includes additional disclosure regarding the assumed mining costs, processing costs and metallurgical recoveries used to establish the cut-off grade selected, but otherwise contains no material differences to the original technical report filed on May 25, 2020 (the “Original Technical Report”). The Mineral Resource estimates, project economics, and conclusions and...

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Stingray Reports Fourth Quarter 2020 Results

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Fourth Quarter HighlightsRevenues decreased 6.0% to $68.4 million from $72.7 million, primarily due to the initial impact of the COVID-19 pandemic on Radio revenues. Broadcasting and Commercial Music revenues decreased 0.6% and Radio revenues decreased 12.0%Adjusted EBITDA(1) increased 25.9% to $28.2 million from $22.4 millionCash flow from operating activities decreased 22.2% to $14.1 million compared to $18.1 millionAdjusted free cash flow(3) increased 82.6% to $18.0 million, or $0.24 per share, compared to $9.8 million or $0.14 per shareNet debt to Pro Forma Adjusted EBITDA(2) ratio of 3.01x419,000 SVOD subscribers, up 15.1% over last yearLaunched free, ad-supported TV channels and additional premium SVOD services with 8 partners worldwidePurchased all of the outstanding shares of Chatter Research Inc., a Toronto-based leader in the...

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Stingray dévoile ses résultats pour le quatrième trimestre de 2020

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Faits saillants du quatrième trimestreLes produits ont diminué de 6,0 % pour atteindre 68,4 millions de dollars, comparativement à 72,7 millions de dollars, en raison surtout de l’incidence initiale de la pandémie de COVID-19 sur les produits du secteur Radio. Les produits du secteur Diffusion et musique pour entreprises ont reculé de 0,6 % et ceux du secteur Radio, de 12,0 %.Le BAIIA ajusté1) a progressé de 25,9 % pour s’établir à 28,2 millions de dollars, comparativement à 22,4 millions de dollars.Les flux de trésorerie liés aux activités d’exploitation ont diminué de 22,2 % pour atteindre 14,1 millions de dollars, comparativement à 18,1 millions de dollars.Les flux de trésorerie disponibles ajustés3) se sont chiffrés à 18,0 millions de dollars, ou 0,24 $ par action, comparativement à 9,8 millions de dollars, ou 0,14 $ par action, en...

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Methanex Secures Additional Financial Flexibility Under Its Credit Facilities

Written by Customer Service on . Posted in Public Companies.

Except where otherwise noted, all currency amounts are stated in United States dollars.VANCOUVER, British Columbia, June 03, 2020 (GLOBE NEWSWIRE) — Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that it has amended its $300 million committed revolving credit facility and $800 million non-revolving construction facility.  These changes amend and waive certain terms and conditions of the credit facilities, which will provide meaningful financial covenant relief and greater flexibility on the timeline to complete the Geismar 3 project.The financial covenant relief is effective upon Methanex’s election and will provide, among other things, more flexibility in the calculation of the minimum EBITDA to interest coverage ratio through June 30, 2021 and an increase of the maximum debt to capitalization ratio through June 30,...

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