Month: June 2020

NEW YORK, NY , June 17, 2020 (GLOBE NEWSWIRE) — Saratoga Investment Corp. (the “Company”) (NYSE: SAR) today announced that it has priced an underwritten public offering of $37.5 million in aggregate principal amount of 7.25% unsecured notes due 2025 (the “Notes”). The Notes will mature on June 30, 2025, and may be redeemed in whole or in part at any time or from time to time at Saratoga Investment Corp.’s option on or after June 24, 2022. The Notes will bear interest at a rate of 7.25% per year payable quarterly on February 28, May 31, August 31 and November 30 of each year, beginning August 31, 2020.The offering is expected to close on June 24, 2020, subject to customary closing conditions. The Company has granted the underwriters an option to purchase up to an additional $5.625 million in aggregate principal amount of Notes. The...

Company announcement – No. 35 / 2020Zealand Pharma announces completion of directed issue and private placement of 2,684,461 new ordinary shares             NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA, EXCEPT AS PERMITTED BY APPLICABLE LAW.THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES AND THE SECURITIES REFERRED TO HEREIN MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION EXCEPT PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE U.S. SECURITIES ACT; ANY PUBLIC OFFERING OF SUCH SECURITIES TO BE MADE IN THE UNITED STATES WILL BE MADE BY MEANS OF A PROSPECTUS THAT MAY BE OBTAINED FROM THE ISSUER, WHICH WOULD CONTAIN DETAILED INFORMATION ABOUT THE...

CALGARY, Alberta, June 17, 2020 (GLOBE NEWSWIRE) — Toscana Energy Income Corporation (“Toscana” or the “Corporation”) (TSX: TEI) announces that, further to its May 14, 2020 news release, Toscana will be postponing its reporting of the Corporation’s first quarter financial statements, accompanying management’s discussion and analysis, and related certifications for the period ended March 31, 2020 (the “Q1 Filings”), to June 26, 2020.This news release is being issued in accordance to the blanket relief of a 45-day extension provided by the Canadian Securities Administrators and Alberta Order 51-517 – Temporary Exemption from Certain Corporate Finance Requirements for periodic filings normally required to be made by issuers during the period from March 23, 2020 to June 1, 2020.Until such...

WYOMISSING, Pa., June 17, 2020 (GLOBE NEWSWIRE) — Gaming and Leisure Properties, Inc. (“GLPI”) (NASDAQ: GLPI) today announced the pricing of a public offering of $500.0 million aggregate principal amount of 4.000% Senior Notes Due 2031 (the “Notes”), to be issued by its operating partnership, GLP Capital, L.P. (the “Operating Partnership”), and GLP Financing II, Inc., a wholly owned subsidiary of the Operating Partnership (together with the Operating Partnership, the “Issuers”). The Notes priced at 98.827%. The Notes will be senior unsecured obligations of the Issuers, guaranteed by GLPI.The net proceeds from the offering, after deducting underwriting discounts and commissions and estimated expenses, are expected to be approximately $488.8 million. The Issuers intend to use a portion of the net proceeds to reduce borrowings under...

TORONTO, June 17, 2020 (GLOBE NEWSWIRE) — Euro Sun Mining Inc. (TSX: ESM) (“Euro Sun” or the “Company”) announces that it has relocated its registered head office to 66 Wellington Street West, Suite 5300, TD Bank Tower Box 48, Toronto ON M5K 1E6, Canada.The Company has also terminated its consulting agreement with Forbes & Manhattan, Inc, effective June 8th, 2020.About Euro Sun Mining Inc.Euro Sun is a Toronto Stock Exchange listed mining company focused on the exploration and development of its 100%-owned Rovina Valley gold and copper project located in west-central Romania, which hosts the second largest gold deposit in Europe.For further information about Euro Sun Mining, or the contents of this press release, please contact Investor Relations at info@eurosunmining.com.

Low Risk, Earnout Based, Transaction Structure Beneficial to All StakeholdersA Majority Of The Company’s First Lien Lenders Support The Transaction With $4.6 Million of Recurring Monthly Revenue Improving Their Credit PositionDALLAS, June 17, 2020 (GLOBE NEWSWIRE) — Monitronics International, Inc. and its subsidiaries (doing business as Brinks Home Security ™), (“Brinks Home Security” or the “Company”) (OTC: SCTY) today announced that it has acquired approximately 114,000 residential alarm monitoring contracts from Protect America, Inc. (the “seller”) totaling approximately $4.6 million in recurring monthly revenue (“RMR”).Per the terms of the transaction, Brinks Home Security will take ownership of the alarm monitoring contracts at closing through an earnout structure that includes a $15.0 million upfront payment. For the first...

VANCOUVER, British Columbia, June 17, 2020 (GLOBE NEWSWIRE) — HUDSON RESOURCES INC. (“Hudson” or the “Company”) (TSX Venture Exchange “HUD”; OTC “HUDRF”) reports that it has entered into an amendment agreement with Cordiant Capital Inc. and Apex Asset Management AG (the “Lenders“) to extend the maturity date of its US$10 million six month bridge loan facility to June 30, 2020.  As previously announced on June 11, 2020, the Company has reached an agreement in principle with the Lenders to restructure the outstanding debt on the White Mountain Anorthosite mine and to provide an injection of working capital into Hudson Greenland A/S.   The extension allows the Company and Lenders additional time to finalize the details and terms of a definitive agreement which will be subject to applicable regulatory approvals.Hudson owns...

SEMINOLE, Fla., June 17, 2020 (GLOBE NEWSWIRE) —  Superior Group of Companies, Inc.® (NASDAQ: SGC) has announced transitioning all HPI® Distribution Center operations in Alpharetta, Georgia and Gainesville, Georgia to the company’s largest and most technologically advanced semi-robotic worldwide distribution center, located in Eudora, Arkansas. It was determined that the Georgia facilities could not be significantly upgraded in a manner that would make economic sense.  The Alpharetta/Gainesville Distribution Center move is expected to be completed by early 4th quarter 2020.   A severance package will be offered to all affected eligible employees.  HPI’s offices will remain in Alpharetta until suitable office space has been secured in the Atlanta area.The transition to Eudora will bring significant advantages, including updated material...

Decisive Actions Implemented to Further Reduce and Control Variable CostsGross Margin in Line with Prior Year QuarterFirst Quarter 2020Quest Integrity revenues increased 16.3% over Q1 2019; Q1 2020 operating income improved 271.4% over the same period last yearConsolidated gross margin of 24.3% in Q1 2020 in line with the same quarter last yearSelling, general and administrative expenses decreased by $3.8 million in Q1 2020 compared to Q1 2019 and decreased by $1.3 million when compared to Q4 2019OneTEAM program savings of $6.6 million realized in Q1 2020In compliance with all bank covenant requirements at March 31, 2020COVID-19 and the oil and gas supply-demand imbalance triggered a non-cash, pre-tax goodwill impairment charge of $191.8 million; $178.6 million after-tax basisSecond Quarter 2020 and BeyondAmended and extended TEAM’s credit...