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Month: June 2020

Novavax to Raise $200 Million from Private Placement with RA Capital

GAITHERSBURG, Md., June 15, 2020 (GLOBE NEWSWIRE) — Novavax, Inc. (NASDAQ: NVAX), a late-stage biotechnology company developing next-generation vaccines for serious infectious diseases, today announced that it has entered into an agreement to sell Series A Convertible preferred stock, convertible into 4,388,852 shares of common stock, to an investment fund affiliated with RA Capital Management (RA Capital) in a private placement, at an effective purchase price per share of common stock equal to the June 12, 2020 closing price. Upon closing Novavax will receive gross proceeds of approximately $200 million.“We are extremely pleased to receive this tremendous support from RA Capital, which we believe signals a high level of confidence in the significant progress of our COVID-19 and influenza vaccine programs,” said Stanley C. Erck,...

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Award In CNOOC Arbitration Received

‎Not for distribution to the U.S. news wire services, or dissemination in the United States.HONG KONG, June 15, 2020 (GLOBE NEWSWIRE) — Primeline Energy Holdings Inc. (“Primeline” or the “Company”), announces that it has received the award in its previously announced arbitration with CNOOC and China National Offshore Oil Corporation (“CCL”). Primeline’s primary claim in the arbitration was that breaches of Petroleum Contract 25/34 (under which the LS 36-1 gas field project in which Primeline holds a 49% interest, and CCL holds a 51% interest, was constructed) by CNOOC and CCL entitled it to termination of the contract and related agreements, and to resulting damages.  Primeline’s secondary claim was that, if the arbitral tribunal found Primeline was not entitled to termination of the contract, it was entitled to damages resulting...

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Water Ways Reports Q1 2020 Financial Results with Record Sales for the First Quarter

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATESTORONTO, June 15, 2020 (GLOBE NEWSWIRE) — Water Ways Technologies Inc. (TSXV: WWT) (“Water Ways” or the “Company“) reports today its financial and business results for the three months ended March 31, 2020 (the “Financial Statements”) and is pleased to provide highlights and comments on these results. This press release should be read in conjunction with the Financial Statements and corresponding Managements Discussion & Analysis found at www.sedar.com. The Company’s Financial Statements are prepared in accordance with International Financial Reporting Standards (“IFRS“).Ohad Haber, President, CEO and Chairman of the Board of Water Ways, commented: “These are challenging times in the world but I am very...

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Badger Daylighting Ltd. June 2020 Cash Dividend and Upcoming Events

CALGARY, Alberta, June 15, 2020 (GLOBE NEWSWIRE) — Badger Daylighting Ltd. (“Badger”) is pleased to announce its June 2020 cash dividend and upcoming events.June 2020 Cash DividendBadger today announced that the directors of Badger declared a cash dividend for the month of June 2020 of $0.05 per share, which equates to $0.60 per share on an annualized basis. Payment will be made on or about July 15, 2020, to shareholders of record on June 30, 2020.Badger expects that the dividend will be an “eligible dividend” for Canadian income tax purposes and thus qualify for the enhanced gross-up and tax credit regime for certain shareholders.2020 Second Quarter Results and Conference Call Badger expects to release its 2020 second quarter results on Wednesday, August 5, 2020, after the close of market trading. A conference call and webcast...

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Automatic Ticket Machine Market to Hit USD 6.31 billion by 2027; Rising Demand for Efficiency in Public Transport Systems to Aid Market Expansion: Fortune Business Insights™

Pune, June 15, 2020 (GLOBE NEWSWIRE) — The global automatic ticket machine market size is projected to reach USD 6.31 billion by 2027, exhibiting a CAGR of 13.2% during the forecast period. Increasing dependence of urban commuters on metros will create a new growth avenue for this market, observes Fortune Business Insights™ in its recent report, titled “Automatic Ticket Machine Market Size, Share & Industry Analysis, By Payment Type (Smart Card Payment, Cash Payment and Mobile Payment), By Application (Public Transport, Entertainment & Gaming and Others), and Regional Forecast, 2020-2027”. According to the Belgium-based International Association of Public Transport (UITP), by the end of 2017, metro systems across 178 countries were carrying an average 168 million passengers per day. The total yearly ridership in 2017 stood...

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Contango Announces Amendment to its Senior Credit Facility, Certain Operational Updates and the Schedule for its First Quarter 2020 Earnings Release

HOUSTON, June 15, 2020 (GLOBE NEWSWIRE) — Contango Oil & Gas Company (NYSE American: MCF) (“Contango” or the “Company”) announced today that it has amended certain provisions of its senior credit agreement, results of recent drilling activity and production for the first quarter of 2020, and the expected schedule for its release of first quarter 2020 earnings and related earnings conference call. Credit Agreement AmendmentOn June 9, 2020, the Company entered into the Second Amendment (Credit Agreement Amendment) to the Credit Agreement, dated as of September 17, 2019, by and among the Company, JPMorgan Chase Bank, N.A., as administrative agent, and the other participating lenders thereto. The Credit Agreement Amendment provides for, among other things, a slight increase in the applicable margin of the borrowing base utilization-based...

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Nicolas Schwarz Appointed to Global Sales Director of Meridian Adhesives Group’s Electronics Division

DALTON, Ga., June 15, 2020 (GLOBE NEWSWIRE) — Meridian Adhesives Group (Meridian) recently announced the appointment of Nicolas Schwarz to Global Sales Director of the company’s Electronics Division. Schwarz joins Meridian after a long tenure with John P. Kummer GmbH (JPK), where he held the position of Managing Director. In April, Meridian purchased the adhesives division of JPK at which time Schwarz began his transition to the new role. With more than 10 years spent serving the electronics market, Schwarz is well-known in the market and its network. He is also highly experienced in working with Meridian’s Electronics Division having served on the Board of Directors at Epoxy Technology Europe, recently acquired as a Meridian company. He brings extensive knowledge to this role and will work with Meridian’s senior leadership to drive...

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Boku Announces Partnership with Japanese eWallet PayPay

LONDON, June 15, 2020 (GLOBE NEWSWIRE) — Boku Inc (AIM: BOKU), the world’s leading independent provider of mobile payment and mobile identity solutions, is pleased to announce a partnership with PayPay, Japan’s leading eWallet and QR code payment service.This partnership allows Boku merchants to offer the PayPay payment service through their existing connection and reinforces Boku’s commitment to enable its merchants to acquire new paying users by providing simple access to the best local payment options available.PayPay and Boku have partnered together to offer a ‘card-like’ experience to Japanese consumers for the PayPay eWallet.  PayPay users will be able to place their eWallet ‘on-file’ enabling AppStore, Game Console and digital OTT subscription services to take advantage of functionality traditionally associated with...

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