The Flowr Corporation Announces Update on First Quarter 2020 Earnings Date

Written by Customer Service on June 12, 2020. Posted in Public Companies.

Flowr will release first quarter earnings within the permitted 45-day extension period.TORONTO, June 12, 2020 (GLOBE NEWSWIRE) — The Flowr Corporation (TSX.V: FLWR; OTC: FLWPF) (“Flowr” or the “Company”) announced that the Company has decided to utilize more time as allowed under temporary exemptions with respect to the filing of its first quarter 2020 interim financial statements and related management discussion and analysis for the period ended March 31, 2020 (collectively, the “Interim Filings”). Flowr had previously announced on May 29th, 2020 that it expected to release first quarter Interim Filings on or before June 15th, 2020. The Company will issue a subsequent press release announcing its first quarter earnings date in the near future.On March 23rd, 2020, the Canadian Securities Administrators published substantively harmonized...

Houston Wire & Cable Company Announces Governance, Management Changes

Written by Customer Service on June 12, 2020. Posted in Public Companies.

HOUSTON, June 12, 2020 (GLOBE NEWSWIRE) — Houston Wire & Cable Company (NASDAQ: HWCC) (the Company) today announced that Gary Yetman has been named executive chairman of the board. William H. Sheffield, who has served as non-executive chairman since 2012, will remain on the board and succeed Yetman as chairman of the Nominating and Corporate Governance Committee. Sheffield previously announced his intention to retire from the board upon expiration of his current term.Yetman joined the HWCC board in 2014, following the sale of Coleman Cable, Inc., where he served as the chief executive officer and president from 1999 until the sale. Under Yetman’s leadership, Coleman Cable more than doubled revenues from its 2006 IPO to its sale in 2014.The Company also announced several promotions, effective immediately.Jerry Zurovchak, previously...

Petrus Resources Announces Extension to Credit Agreement

Written by Customer Service on June 12, 2020. Posted in Public Companies.

CALGARY, Alberta, June 12, 2020 (GLOBE NEWSWIRE) — Petrus Resources Ltd. (“Petrus” or the “Company”) (TSX: PRQ) announces its syndicate of lenders has extended the borrowing base termination date on its revolving credit facility agreement from June 15, 2020 to June 22, 2020. The Company continues to be in discussions with the bank syndicate on a one year extension to the credit facility, as well as with its term loan provider on a one year extension to the term loan. While discussions are ongoing, there is no certainty, nor can the Company provide any assurance that, the one year extension to the credit facility or term loan will be completed.ABOUT PETRUSPetrus is a public Canadian oil and gas company focused on property exploitation, strategic acquisitions and risk-managed exploration in Alberta. For further...

United Community Banks, Inc. Announces Pricing of $100 Million of Senior Notes

Written by Customer Service on June 12, 2020. Posted in Public Companies.

GREENVILLE, S.C., June 12, 2020 (GLOBE NEWSWIRE) — United Community Banks, Inc. (NASDAQ: UCBI) (“United”) today announced the pricing of its public offering of $100 million aggregate principal amount of 5.000% Fixed-to-Floating Senior Notes due 2030 (the “Senior Notes”). The price to the public for the Senior Notes is 100% of the principal amount of the Senior Notes. The Senior Notes will have an initial fixed interest rate from and including June 17, 2020, but excluding June 15, 2025, payable semi-annually in arrears on June 15 and December 15 of each year. From, and including June 15, 2025, the Senior Notes will bear interest at a floating rate per annum equal to a benchmark rate, which is expected to be Three-Month Term SOFR (as defined in the Senior Notes), plus a spread of 487 basis points, payable quarterly in arrears on...

Prospect Park Announces Proposed Non-Brokered Private Placement

Written by Customer Service on June 12, 2020. Posted in Public Companies.

VANCOUVER, British Columbia, June 12, 2020 (GLOBE NEWSWIRE) — Prospect Park Capital ‎ Corp. (the “Company”) ‎‎(TSXV:PPK), announces a proposed non-brokered private ‎placement for gross proceeds of up to $2,250,000 through the issuance of up to 20,000,000 units (a “Unit” or “Units”) of the Company at $0.1125 per Unit (the “Offering”). Each Unit shall consist of (i) one (1) common share of the ‎ Company, and (ii) one-half of one (1/2) transferable common share purchase warrant. Each ‎whole warrant shall ‎entitle the holder thereof to acquire one additional common share of the Company ‎at a price of $0.50 ‎per share until the date that is twenty-four (24) months from the closing. The net proceeds of the Offering will be used by the Company for working capital.In connection with the issue and sale of the shares pursuant to the Offering,...

Petroteq Announces Proposed Share Issuances

Written by Customer Service on June 12, 2020. Posted in Public Companies.

SHERMAN OAKS, Calif., June 12, 2020 (GLOBE NEWSWIRE) — Petroteq Energy Inc. (“Petroteq” or the “Company”) ‎‎(TSXV:PQE; ‎OTC:PQEFF; FSE:PQCF), an integrated oil ‎company focused on the development and implementation of its proprietary oil-‎extraction and remediation technologies, announces the execution of shares for debt agreements, pursuant to which it will issue an ‎‎aggregate of 7,064,864 common shares in satisfaction of US$389,712 (including accrued interest) of indebtedness currently owed to six ‎arm’s ‎length creditors. The Company determined to satisfy the indebtedness with common shares in order to ‎‎preserve the Company’s cash for use on its extraction technology in Asphalt Ridge, Utah, and for working ‎capital.The Company also announces that it has received a subscription from an arm’s length subscriber for 1,998,739 common...

SHARC Energy Announces Allotment of 35% Greenshoe

Written by Customer Service on June 12, 2020. Posted in Public Companies.

VANCOUVER, British Columbia, June 12, 2020 (GLOBE NEWSWIRE) — SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) (“SHARC Energy” or the “Company”) announces that due to high demand of the financing closed May 29th, 2020, the Company has allotted a 35% greenshoe option and it has closed a non-brokered private placement of convertible debenture units (“Debenture Units”) for gross proceeds of $700,000 (the “Offering”). The proceeds will be used for sales and marketing and general working capital purposes. Each Debenture Unit consists of: (i) $1,000 principal amount of 2.0% unsecured convertible debentures (the “Debentures”); and (ii) 3,333 warrants (the “Warrants”). The Debentures will bear interest from their issue date at 2.0% per annum calculated and payable semi-annually in arrears on June 30...

CF Energy Provides Further Update on the Effects of COVID-19 on Business and Suspension of Declaration and Payment of Dividends

Written by Customer Service on June 12, 2020. Posted in Public Companies.

TORONTO, June 12, 2020 (GLOBE NEWSWIRE) — CF Energy Corp., (TSX-V: CFY) (“CF Energy” or the “Company”, together with its subsidiaries, the “Group”), an energy service provider in the People’s Republic of China (the “PRC” or “China”), wishes to provide an update to its shareholders on the current impact of COVID-19 on the business and operations of the Group and the decision of the Board of Directors (the “Board”) of the Company to suspend the declaration and payment of dividends.Projected results for the three and six-month periods ending June 30, 2020Based on the preliminary assessment of the latest management accounts of the Group for the two-month period ended May 31, 2020 (the “April and May 2020 Management Accounts”) and information available to the Group up to the date of this press release, the projected revenue of the Group...

Medtronic Announces a $337 Million Product Investment from Blackstone Life Sciences to Expand Development of Future Diabetes Technologies

Written by Customer Service on June 12, 2020. Posted in Public Companies.

Investment with Blackstone Life Sciences Expected to Accelerate Medtronic Diabetes Pump and CGM Technology PipelineDUBLIN and NEW YORK, June 12, 2020 (GLOBE NEWSWIRE) — Medtronic plc (NYSE:MDT) and Blackstone (NYSE:BX) today announced that Medtronic intends to significantly increase research and development (R&D) funding in its Diabetes Group through an agreement to receive $337 million of funding from funds managed by Blackstone Life Sciences (“BXLS”) including co-investors, aimed at advancing new, innovative products especially designed to reduce the burden of diabetes management. The announcement was made in conjunction with the start of the virtual 80th Scientific Sessions of the American Diabetes Association (ADA). Medtronic’s diabetes device portfolio is designed to improve patient outcomes and provide greater lifestyle...

Maxim Power Corp. Announces Board of Directors Election Results

Written by Customer Service on June 12, 2020. Posted in Public Companies.

CALGARY, Alberta, June 12, 2020 (GLOBE NEWSWIRE) — Maxim Power Corp. (“MAXIM” or the “Corporation“) (TSX: MXG) announced today the final director election results from its 2020 annual general meeting of shareholders held on June 12, 2020 (the “Meeting”). A ballot was conducted at the Meeting with respect to the election of the directors to hold office until the next annual meeting of shareholders. According to the proxies received and ballots cast, the following directors were elected at the Meeting to hold office until the next annual meeting of shareholders or until their successors are elected or appointed, unless such office is earlier vacated in accordance with the by-laws of the Corporation:For complete voting results with respect to the Meeting, please see Maxim’s Report of Voting Results which will...

Day: June 12, 2020

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