Month: June 2020

BROOKFIELD, NEWS, June 22, 2020 (GLOBE NEWSWIRE) — Brookfield Asset Management Inc. (TSX: BAM.A, NYSE: BAM) today announced that after having taken into account all election notices received by the June 15, 2020 deadline for the conversion of its Cumulative Class A Preference Shares, Series 42 (the “Series 42 Shares”) (TSX: BAM.PF.G) into Cumulative Class A Preference Shares, Series 43 (the “Series 43 Shares”), there were 132,682 Series 42 Shares tendered for conversion, which is less than the one million shares required to give effect to conversions into Series 43 Shares. Accordingly, there will be no conversion of Series 42 Shares into Series 43 Shares, and holders of Series 42 Shares will retain their Series 42 Shares.Brookfield Asset Management Inc. is a leading global alternative asset manager with over US$515 billion of assets...

VANCOUVER, British Columbia, June 22, 2020 (GLOBE NEWSWIRE) — Goldgroup Mining Inc. (“Goldgroup” or the “Company“) (TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) is pleased to announce that it has signed an indicative term sheet (the “Term Sheet“) in respect of a secured loan facility (the “Facility“) with Accendo Banco S.A., Multiple Banking Institution (the “Lender“), in the amount of USD$3,000,000 (the “Facility Amount“).Facility TermsAs set out in the Term Sheet, the Facility will be available for drawing for 12 months following the date on which certain conditions precedent to the Facility have been satisfied (the “Closing Date“), with a minimum drawdown of USD$200,000. It will bear interest at the rate of 12% per annum, accruing on the outstanding amount...

1. SettlementThe PGS ASA 2017 Long Term Incentive Program settled on June 22, 2020. Employees in PGS ASA and subsidiaries (“PGS” or “the Company”) have received a total number of 359 560 RSUs and a total number of 0 PRSUs that were settled in cash. The payment has been determined based on an average share price on June 22 of NOK 3.3175 per share.2. Settlement of RSUs/ PRSUs by primary insidersOut of the abovementioned release, the following were settled by primary insiders:Gottfred Langseth has settled 9 000 RSUs and 0 PRSUs in the CompanyRune Olav Pedersen has settled 9 000 RSUs and 0 PRSUs in the CompanyNathan Selvoy Oliver has settled 4 000 RSUs and 0 PRSUs in the CompanyBerit Osnes has settled 4 000 RSUs and 0 PRSUs in the CompanyBård Stenberg has settled 3 200 RSUs and 0 PRSUs in the CompanyKai Reith has settled...

TORONTO, June 22, 2020 (GLOBE NEWSWIRE) — MediPharm Labs Corp. (TSX: LABS) (OTCQX: MEDIF) (FSE:MLZ) (“MediPharm Labs” or the “Company”) a global leader in specialized, research-driven pharmaceutical-quality cannabis extraction, distillation and derivative products, is delighted to announce the appointment of Shelley Martin – former President and CEO of Nestlé Canada and a consumer packaged goods industry top executive with an outstanding track record of success – to its Board of Directors effective immediately. This key appointment follows an extensive planning and search process.Ms. Martin served in a variety of senior executive roles at Nestlé Canada Inc. from 1990 until she retired after five years as President and Chief Executive Officer in 2018. During her time leading Nestlé Canada, she drove a substantial increase in revenue,...

SOUTH SAN FRANCISCO, Calif., June 22, 2020 (GLOBE NEWSWIRE) — Allogene Therapeutics, Inc. (Nasdaq: ALLO), a clinical-stage biotechnology company pioneering the development of allogeneic CAR T (AlloCAR T™) therapies for cancer, today announced that preclinical findings supporting DLL3-targeted AlloCAR T therapy in small cell lung cancer (SCLC) and inducible TurboCAR™  (iTurboCAR™) technology were presented in poster sessions at the virtual American Association for Cancer Research (AACR) annual meeting.“Our goal is to remain at the forefront of innovation in allogeneic cell therapy, and these studies inform our ability to optimize AlloCAR T therapy for both hematologic and solid tumors,” said Barbra Sasu, Ph.D., Chief Scientific Officer of Allogene. “The findings from these two presentations provide strong scientific rationale for...

FOOTHILL RANCH, Calif., June 22, 2020 (GLOBE NEWSWIRE) — Kaiser Aluminum Corporation (NASDAQ:KALU) today announced that its Board of Directors approved an executive leadership succession following a deliberate, multi-year succession planning process.Jack A. Hockema, who has served as Kaiser Aluminum’s Chief Executive Officer since October 2001 and Chairman of the Board of Directors since July 2006, will transition from his position as Chief Executive Officer effective as of July 31, 2020. Keith A. Harvey, a 40-year Kaiser veteran who has served as the Company’s President and Chief Operating Officer since December 2015, will succeed Mr. Hockema as President and Chief Executive Officer and will become a member of the Company’s Board of Directors at that time. Mr. Hockema will remain on the Company’s Board of Directors as Executive...

All financial figures are in Canadian dollars unless otherwise notedCALGARY, Alberta, June 22, 2020 (GLOBE NEWSWIRE) — Gibson Energy Inc. (“Gibson” or the “Company”) (TSX: GEI), announced today that it will issue $650 million of senior unsecured medium term notes (the “Offering”) consisting of $325 million of 2.45% notes with a maturity date of five years from the date of issue and $325 million of 2.85% notes with a maturity date of seven years from the date of issue.The Offering is expected to close on or about July 14, 2020, subject to customary closing conditions.  Gibson intends to use the net proceeds from the sale of the notes for the redemption of its outstanding $600 million 5.25% senior unsecured notes due July 15, 2024 (the “2024 Notes”), to reduce outstanding indebtedness under its revolving credit facility...

BUENA, N.J., June 22, 2020 (GLOBE NEWSWIRE) — Teligent, Inc. (NASDAQ: TLGT) (“Teligent” or the “Company”), a New Jersey-based specialty generic pharmaceutical company, announced today that it received notice from The NASDAQ Stock Market LLC (“NASDAQ”) on June 18, 2020 indicating that the Company has regained compliance with NASDAQ Listing Rule 5450(a)(1), which requires the Company’s common stock to maintain a minimum bid price of $1.00 per share. The NASDAQ staff made this determination of compliance after the closing bid price of the Company’s common stock was at $1.00 per share or greater for the prior 10 consecutive business days.NASDAQ had previously notified the Company of its non-compliance with NASDAQ Listing Rule 5450(a)(1) on June 5, 2019, following 30 consecutive business days for which the closing bid price of the Company’s...

MONROE, Mich., June 22, 2020 (GLOBE NEWSWIRE) — With great sadness, La-Z-Boy Incorporated (NYSE: LZB) today announced that Steve Kincaid passed away over the weekend. A veteran of the furniture industry for almost 50 years, he was a part of the La-Z-Boy family. Involved in the Kincaid family business since he was a young boy, Steve formally started with Kincaid Furniture Company as a sales rep in 1970.  He moved through the ranks of the company and, in 1983 was named President and took the company public.  Kincaid grew under Steve’s leadership with his keen vision for merchandising and marketing and, in 1989, the company was acquired by La-Z-Boy. Steve ran La-Z-Boy’s casegoods business for more than 25 years and moved to an advisory role in 2015 after serving as Senior Vice President of La-Z-Boy Incorporated and President, La-Z-Boy...

PINE BLUFF, Ark., June 22, 2020 (GLOBE NEWSWIRE) — Simmons First National Corp. (NASDAQ: SFNC) today announced it expects to release second quarter 2020 earnings prior to the market opening on Tuesday, July 21, 2020. Management will conduct a live conference call to review this information beginning at 9:00 a.m. CDT on Tuesday, July 21. Those interested can listen to the call by dialing toll-free 1-866-298-7926 (United States and Canada only) and asking for the Simmons First National Corp. conference call, conference ID 9275743. In addition, the call will be available live or in recorded version on the company’s website at www.simmonsbank.com.Simmons First National Corp. is a financial holding company, headquartered in Pine Bluff, Ark., with total assets of approximately $20.8 billion as of March 31, 2020 conducting financial operations...