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Day: June 4, 2020

Dime Community Bancshares, Inc. Prices Public Offering of Preferred Stock

BROOKLYN, N.Y., June 03, 2020 (GLOBE NEWSWIRE) — Dime Community Bancshares, Inc. (the “Company”) (Nasdaq: DCOM) today announced that it has priced an underwritten public offering of 2,000,000 shares, or $50.0 million in aggregate liquidation preference, of its 5.50% Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A, par value $0.01 per share (the “Preferred Stock”), with a liquidation preference of $25.00 per share.The Company expects to use the net proceeds from the offering, which are expected to be $38.5 million (gross proceeds less underwriting discount and estimated expenses), for general corporate purposes.The Company has granted the underwriters a 30-day option to purchase up to 300,000 additional shares of Preferred Stock. The Company will pay dividends on these shares of Preferred Stock when, as, and if declared...

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OraSure Technologies, Inc. Announces Exercise of Option to Purchase Additional Shares of Common Stock

BETHLEHEM, Pa., June 03, 2020 (GLOBE NEWSWIRE) — OraSure Technologies, Inc. (Nasdaq: OSUR) (“OraSure” or the “Company”) today announced the full exercise by the underwriters of their option to purchase an additional 1,200,000 shares of its common stock in connection with the Company’s previously announced offering that priced on June 2, 2020.  In total, 9,200,000 shares of common stock of the Company are being sold in the offering. With the exercise by the underwriters of their option to purchase such additional shares, after the underwriting discount and estimated offering expenses, OraSure expects to receive net proceeds of approximately $94.9 million. The offering is expected to close on June 5, 2020, subject to customary closing conditions. J.P. Morgan Securities LLC, Citigroup and Evercore Group L.L.C. are acting as joint book‑running...

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The Flowr Corporation Closes on Second Tranche of Private Placement of Debenture Units and Announces Executive Departures

Flowr closes on second tranche of non-brokered private placement of convertible debenture units for gross proceeds of $1,538,000Francesco Tallarico, Chief Legal Officer and Ashley Thomson, Chief People Officer, to leave the Company to pursue opportunities outside of the cannabis industryTORONTO, June 03, 2020 (GLOBE NEWSWIRE) — The Flowr Corporation (TSX.V: FLWR; OTC: FLWPF) (“Flowr” or the “Company”) today announced that it has closed a second tranche of its previously announced non-brokered private placement. The second tranche closing consisted of the issuance of 1,538 Units (as defined below) for gross proceeds of CAD$1,538,000 (the “Second Tranche Offering”). The Second Tranche Offering is in addition to the CAD$20,041,000 in gross proceeds that the Company closed on April 27, 2020, bringing the total gross proceeds from both...

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Pilgrim’s Issues Statement on Recent DOJ Action

GREELEY, Colo., June 03, 2020 (GLOBE NEWSWIRE) — Today, Pilgrim’s [NASDAQ: PPC] was informed of an indictment against a current executive and two former Pilgrim’s employees. We take this matter very seriously. The company is committed to high ethical standards, governance, and free and open competition that benefits both customers and consumers.Pilgrim’s will continue to fully cooperate with the Department of Justice in their investigation.Media Contact:Cameron Bruettcameron.bruett@jbssa.com970.506.7801

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Macarthur’s Joint Venture Partner Fe Limited completes sale of Evanston royalty and set for exploration at the Hillside Project

VANCOUVER, British Columbia, June 03, 2020 (GLOBE NEWSWIRE) — Macarthur Minerals Limited (ASX: MIO) (TSX-V: MMS) (the “Company” or “Macarthur”) Joint Venture Partner, Fe Limited (“FEL”) has announced the completion of the sale of its Evanston royalty interest over a portion of the wider Koolyanobbing iron ore mine in the Southern Yilgarn region of Western Australia. TRR Services Australia Pty Ltd, a wholly owned subsidiary of Trident Resources PLC (LSX: TRR), has purchased the royalty for $7 million. FEL has received the first payment of $3.5 million with a further instalment of $3m payable in 12 months. FEL now has cash in the bank of $5.2 million and fully funded to commence exploration work at the Hillside Copper and Gold Project in the Pilbara region of Western Australia.FEL is currently finalising plans to conduct a Fixed Loop...

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