Day: June 10, 2020

Idaho First Bank Releases Guidance Due to PPP Loan Activity

Written by Customer Service on June 10, 2020. Posted in Public Companies.

MCCALL, Idaho, June 10, 2020 (GLOBE NEWSWIRE) — Idaho First Bank (the “Bank”) (OTC: IDFB), a leader in Paycheck Protection Loans during COVID-19 shutdowns, advises that it believes that this activity will result in a material one-time increase to its revenue in 2020. The Bank is projecting an increase in 2020 revenue of between $5 million and $8 million once the revenue is fully received from its participation in the PPP process. While significant costs will also be incurred to service these loans, including addressing the forgiveness of loans as mandated by the CARES Act, with approximately 4.5 million common shares outstanding, the projected increase in revenue results in a per share increase of between $1.10 to $1.76, respectively, if we receive the expected revenue in 2020. It is likely the Bank will also use a portion of the...

Early Warning Report Filed Pursuant to National Instrument 62-103 for the Acquisition of Common Shares of Solstice Gold Corp.

Written by Customer Service on June 10, 2020. Posted in Mergers And Acquisitions.

MONTREAL, June 10, 2020 (GLOBE NEWSWIRE) — Michael Gentile announces today that pursuant to a non-brokered private placement offering (the “Offering”) of units (“Units”) by Solstice Gold Corp. (the “Corporation”), Mr. Gentile has acquired an aggregate of 11,054,833 Units of the Corporation for total consideration payable to the Corporation of $442,193.32 (the “Acquisition”).The Offering consisted of the issuance by the Corporation of an aggregate of 29,969,666 Units at a price of $0.04 per Unit for total gross proceeds of $1,198,786.64. Each Unit is comprised of one common share of the Corporation (each, a “Common Share”) and one Common Share purchase warrant (each whole warrant, a “Warrant”). Each whole Warrant issued as part of the Units entitles the holder thereof to acquire one additional Common Share at a price of $0.06 per Common...

Imperial Reports Red Chris Exploration Update

Written by Customer Service on June 10, 2020. Posted in Public Companies.

VANCOUVER, British Columbia, June 10, 2020 (GLOBE NEWSWIRE) — Imperial Metals Corporation (the “Company”) (TSX:III) reports on the exploration drill programs at Red Chris mine conducted by Newcrest Red Chris Mining Limited, operator of the Red Chris Joint Venture (Newcrest 70%/ Imperial 30% as of August 15, 2019). This follow up drilling continues to confirm the continuity of a discrete ‘pod’ of high grade mineralization in the vicinity of RC09-350 and RC611. Drill hole RC623, drilled to intersect the high grade pod 100 metres above RC611, intersected 232 metres grading 2.6 g/t gold and 1.5% copper that included a 122 metre interval grading 4.5 g/t gold and 2.3% copper. Hole RC620, drilled 100 metres below RC611, has confirmed the extent of the +1 g/t gold halo which surrounds the high grade pod. Follow up infill drilling continues...

Panoro Minerals Completes Sale of Cochasayhuas Gold Project

Written by Customer Service on June 10, 2020. Posted in Public Companies.

VANCOUVER, British Columbia, June 10, 2020 (GLOBE NEWSWIRE) — Panoro Minerals Ltd. (TSXV: PML, Lima: PML, Frankfurt: PZM) (“Panoro”, the “Company”), is pleased to announce that it has completed the sale of the Cochasayhuas Gold Project to Mintania S.A.C. (Mintania) of Peru for a total of US$ 2.45 million to be paid in instalments plus a 5% Net Smelter Return royalty (NSR) for 15 years from the commencement of commercial production.The cash installments will be paid according to the following schedule:US$ 450,000 in 2020, on closingUS$1,000,000 in 2021;US$ 750,000 in 2022;US$ 250,000 in 2023; andThe payment of the 5% NSR will commence on a quarterly basis following the start of commercial production.The Cochasayhuas Project is a past producing underground mine in operation until the 1950’s with a total life of mine production of...

Lupaka Gold Completes Closing of Non-Brokered Private Placement

Written by Customer Service on June 10, 2020. Posted in Public Companies.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESVANCOUVER, British Columbia, June 10, 2020 (GLOBE NEWSWIRE) — Lupaka Gold Corp. (“Lupaka Gold” or the “Company“) (TSX-V: LPK, FRA: LQP) announces that the Company has closed the non-brokered private placement previously announced on May 14, 2020, utilizing the TSX Venture Exchange’s Temporary Relief Bulletin dated April 8, 2020. The Company issued 5,000,000 common shares at a price of $0.02 per common share (“Shares”) of the Company for gross proceeds of $100,000 (the “Placement”). All Shares issued are subject to a 4- month hold period from the date of issuance.The proceeds from the offering will go towards annual auditor’s fees, regulatory and listing fees, with the balance available future corporate administration....

ConnectOne Bancorp Inc. Announces Pricing of Subordinated Notes Offering

Written by Customer Service on June 10, 2020. Posted in Public Companies.

ENGLEWOOD CLIFFS, N.J., June 10, 2020 (GLOBE NEWSWIRE) — ConnectOne Bancorp, Inc. (Nasdaq: “CNOB”) (the “Company”), the holding company for ConnectOne Bank (the “Bank”), today announced the pricing of its public offering of $75 million aggregate principal amount of 5.750% Fixed-to-Floating Rate Subordinated Notes due 2030 (the “Notes”). The price to the public for the Notes was 100% of the principal amount of the Notes. Interest on the Notes will accrue at a rate equal to (i) 5.750% per annum from the original issue date to, but excluding, June 15, 2025, payable semiannually in arrears, and (ii) a floating rate per annum equal to a benchmark rate, which is expected to be Three-Month Term SOFR (as defined in the Notes), plus a spread of 560.5 basis points from, and including, June 15, 2025, to, but excluding the maturity date or...

David Abney Joins Northrop Grumman Board of Directors

Written by Customer Service on June 10, 2020. Posted in Public Companies.

FALLS CHURCH, Va., June 10, 2020 (GLOBE NEWSWIRE) — Northrop Grumman Corporation (NYSE: NOC) announced it has elected David Abney to its board of directors. Abney is the executive chairman of the UPS board of directors, and served as the chief executive officer of UPS from 2014 until May 2020.“David is an accomplished and respected business leader and is a great addition to our board,” said Kathy Warden, chairman, chief executive officer and president, Northrop Grumman. “His experience leading a complex, global business will be extremely valuable as we continue to position our company for long-term growth.”Abney served as UPS’s chief operating officer prior to becoming chief executive officer, overseeing all facets of UPS’s global transportation network. Prior to this, he was president of UPS International, where he led the...

Vicor Corporation Announces Pricing of Public Offering of Common Stock

Written by Customer Service on June 10, 2020. Posted in Public Companies.

ANDOVER, Mass., June 10, 2020 (GLOBE NEWSWIRE) — Vicor Corporation (NASDAQ: VICR), a leading provider of high performance power components and systems, today announced the pricing of its public offering of $100 million of shares of its common stock at a price to the public of $65.00 per share. In addition, the underwriters have been granted a 30-day option to purchase up to $15 million of additional shares of common stock from Vicor. The offering is expected to close on June 15, 2020, subject to customary closing conditions.Needham & Company is acting as the sole book-running manager for the offering. Craig-Hallum Capital Group is acting as the co-manager for the offering.Vicor intends to use the net proceeds from the offering for the expansion of its manufacturing facilities and other general corporate purposes.The offering...

Enstar Announces Recapitalization of StarStone U.S. with New Leadership and Significant Investment led by SkyKnight Capital, Dragoneer Investment Group and Aquiline Capital Partners

Written by Customer Service on June 10, 2020. Posted in Public Companies.

StarStone U.S. positioned to be a market leader in the specialty property & casualty insurance marketsJeff Consolino to be named CEO and Ed Noonan Executive ChairmanDragoneer, SkyKnight and Aquiline’s investment to provide fresh capacity to specialty property & casualty markets, including E&S propertyHAMILTON, Bermuda, June 10, 2020 (GLOBE NEWSWIRE) — Enstar Group Limited (NASDAQ:ESGR) (“Enstar”) announced today that it has agreed to a recapitalization of StarStone U.S. Holdings, Inc. (“StarStone U.S.” or the “Company”) led by SkyKnight Capital, L.P. (“SkyKnight”), Dragoneer Investment Group (“Dragoneer”) and Aquiline Capital Partners LLC (“Aquiline,” and together with SkyKnight and Dragoneer, the “Investors”). The Investors have committed $610 million in new equity capital which, together with the rollover...

Solstice Gold Announces Closing of Previously Announced Non-Brokered Financing Totalling Approx. $1.2 million and Board Changes

Written by Customer Service on June 10, 2020. Posted in Public Companies.

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.VANCOUVER, British Columbia, June 10, 2020 (GLOBE NEWSWIRE) — Solstice Gold Corp. (TSXV: SGC) (“Solstice” or the “Company”) is pleased to announce that, further to the Company’s news release dated May 25, 2020, the Company has closed, subject to receipt of final approval from the TSX Venture Exchange (“TSXV”), its non-brokered private placement financing for total proceeds of $1,198,786.64 (the “Private Placement”).The Private Placement consisted the issuance by the Company of: (i) a total of 29,969,666 units (the “Units”), at a price of at $0.04 per Unit, with each Unit comprising one common share of the Company and one common share purchase warrant. Each full warrant entitles the holder thereof to purchase one additional common share of the Company...

Day: June 10, 2020

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