Day: June 25, 2020

SALISBURY, Md., June 25, 2020 (GLOBE NEWSWIRE) — Delmar Bancorp (the “Company”) (NASDAQ: DBCP), a multi-bank holding company, today announced that it has completed a private placement of $17.8 million in fixed-to-floating rate subordinated notes due 2030 (the “Notes”).  The Notes have been structured to qualify as Tier 2 capital under bank regulatory guidelines, and the proceeds from the sale of the Notes will be utilized for general corporate purposes, including investments in either of the Company’s two wholly-owned subsidiary banks as regulatory capital, the potential repayment or redemption of the Company’s existing subordinated debt, providing capital to support organic growth or growth through strategic acquisitions, and capital expenditures.  In connection with this subordinated notes offering, the Company was advised by Piper...

TORONTO, June 25, 2020 (GLOBE NEWSWIRE) — The Flowr Corporation (TSX.V: FLWR; OTC: FLWPF) (“Flowr” or the “Company”) herein announces its financial and operational results for the first quarter ended March 31, 2020. Key financial and operating highlights in the first quarter of 2020:The Company generated gross revenue of approximately $1 million in the first quarter.  Average price per gram in the first quarter was $6.93, reflecting the Company’s positioning in the premium segment.123 kgs of sales in the quarter was entirely of its flagship strain BC Pink Kush.  The Company did not have enough finished product to meet demand in the quarter.  Product availability has since substantially improved in the second quarter.The Company harvested a total of 262kg of BC Pink Kush in the first quarter (with a large portion being harvested...

First Quarter Net Revenue Improved Over 53% to $9.2 MillionLaunching COVID-19 Serology TestingContinues to Integrate Service Offerings and Streamline CostsConference Call and Webcast Thursday June 25, 2020 4:30 pm ETPARSIPPANY, NJ, June 25, 2020 (GLOBE NEWSWIRE) — Interpace Biosciences, Inc. (Nasdaq: IDXG) today announced financial results for the fiscal quarter ended March 31, 2020 and provided a business and financial update.“First quarter revenue was $9.2 million and near the top end of our previously announced revenue range. During the first quarter we continued to grow our Clinical and Pharma services businesses, however, our Clinical services business was impacted by the pandemic beginning in the second half of March. We also took immediate action to protect our employees from exposure to the coronavirus, reduced discretionary...

CALGARY, Alberta, June 25, 2020 (GLOBE NEWSWIRE) — Pathfinder Income Fund (the “Fund”) (TSX: PCD.UN) wishes to remind investors that the monthly cash distribution for June will be paid on June 29, 2020, prior to the upcoming merger of the Fund into INDEXPLUS Income Fund (“Indexplus”) on or about July 8, 2020 (the “Merger”).After the Merger, monthly distributions will be paid by Indexplus, a mutual fund that is expected to provide unitholders with increased liquidity and a reduced management fee.In addition, it is announcing a special distribution will be made to holders of record as at the close of business on June 30, 2020. Subject to a final review of the Fund’s taxable income prior to the Merger, it is expected that the special distribution will be approximately $0.30 per unit, which will be automatically reinvested in additional...

WEST PALM BEACH, Fla., June 25, 2020 (GLOBE NEWSWIRE) — Forward Industries, Inc. (NASDAQ:FORD), a single source solution provider for the full spectrum of hardware and software product design and engineering services as well as a designer and distributer of carry and protective solutions, today announced financial results for its second fiscal quarter ended March 31, 2020. Second Quarter 2020 Financial Highlights Revenues were $7.9 million compared to $8.2 million from the second quarter of 2019. A decrease of 3.7%. Gross profit percentage increased to 18.3% compared to 16% in the second quarter of 2019. Net Loss was $1.4 million compared to a loss of $1.1 million in the second quarter of 2019.  Included in the loss was an impairment charge for Goodwill of $1 million. Net loss per share was $0.14 compared to Net loss per share of...

TEL-AVIV, Israel, June 25, 2020 (GLOBE NEWSWIRE) — Kitov Pharma Ltd. (“Kitov”) (NASDAQ/TASE: KTOV), a clinical-stage company advancing first-in-class therapies to overcome tumor immune evasion and drug resistance, today announced the closing of its previously announced registered direct offering of 38,888,892 of the Company’s ordinary shares represented by American Depositary Shares (ADSs) and warrants to purchase up to an aggregate of 19,444,446 ADSs, at a combined purchase price of $0.90 per ADS and associated warrant to purchase 0.5 of an ADS for aggregate gross proceeds of approximately $35.0 million. Each ADS represents one ordinary share, no par value, of Kitov.  The warrants have an exercise price of $0.90 per ADS and are exercisable at any time upon issuance and expire five years from the date of issuance.H.C. Wainwright &...

MONTRÉAL, June 25, 2020 (GLOBE NEWSWIRE) — Mason Graphite Inc. (“Mason Graphite” or the “Corporation”) (TSX.V: LLG; OTCQX: MGPHF) is pleased to announce the appointment of Mr. Jean L’Heureux, P. Eng., M. Eng., as Chief Operating Officer of the Corporation, effective immediately.Since graduating in 1993, Mr. L’Heureux spent most of his career in the natural graphite industry, first with Imerys and since 2013, with the Corporation, where he has been in charge of all of the technical matters of the first and second transformation projects (exploration, process development, technical studies and operations). He is a graduate of Laval University (Québec City) in metallurgical engineering. He also completed a Master’s in Management of Engineering from University of Sherbrooke.Mr. Paul R. Carmel, Chairman of the Board...

MONTRÉAL, 25 juin 2020 (GLOBE NEWSWIRE) — Mason Graphite Inc. («Mason Graphite» ou la «Société») (TSX.V: LLG; OTCQX: MGPHF) est heureuse d’annoncer la nomination de M. Jean L’Heureux, ing., M. Ing., à titre de chef de l’exploitation de la Société, avec effet immédiat.Depuis l’obtention de son diplôme en 1993, M. L’Heureux a passé la majeure partie de sa carrière dans l’industrie du graphite naturel, d’abord chez Imerys et depuis 2013, au sein de la Société, où il a été en charge de toutes les questions techniques des première et deuxième transformations (exploration, développement de processus, études techniques et opérations). Il est diplômé de l’Université Laval (Québec) en génie métallurgique. Il a également complété une maîtrise en gestion du génie à l’Université de Sherbrooke.M. Paul...

Highlights of the First Quarter of 2020:Net revenues: $13.3 million in Q1 2020, as compared to $16.0 million in Q1 2019Net loss: $8.3 million in Q1 2020, as compared to net loss of $8.6 million in Q1 2019EBITDA1: $1.0 million in Q1 2020, as compared to $0.4 million in Q1 2019Refinancing of $30.6 million of indebtednessRecent developments:New time charter agreement with Glencore for an additional Capesize vesselSuccessful completion of equity capital markets transactionsSignificant improvement of Capesize market fundamentalsATHENS, Greece, June 25, 2020 (GLOBE NEWSWIRE) — Seanergy Maritime Holdings Corp. (the “Company”) (NASDAQ: SHIP), announced today its financial results for the first quarter ended March 31, 2020.For the quarter ended March 31, 2020, the Company generated net revenues of $13.3 million, a 17% decrease compared to...

NEW YORK, June 25, 2020 (GLOBE NEWSWIRE) — TerraForm Power, Inc. (Nasdaq: TERP) (“TerraForm Power”) today announced that it has established a record date of June 26, 2020 and a stockholder meeting date of July 29, 2020 for a meeting of its stockholders to, among other things, vote to approve proposals related to the merger agreement between TerraForm Power and Brookfield Renewable Partners L.P. (“Brookfield Renewable”) (the “Merger Agreement”) that was previously announced on March 16, 2020.  The stockholder meeting to take place on July 29, 2020 at 11:00 a.m., Eastern Time, will be held virtually via webcast at www.virtualshareholdermeeting.com/TERP2020.TerraForm Power stockholders as of the close of business on the record date of June 26, 2020, will be entitled to receive notice of, and to vote at, the stockholder meeting. Upon...