Month: June 2020

VANCOUVER, British Columbia, June 10, 2020 (GLOBE NEWSWIRE) — Search Minerals Inc. (TSXV: SMY) (“Search” or the “Company”) is pleased to announce a non-brokered secured convertible debenture (“Debenture”) private placement (the “Private Placement”) for gross proceeds of $500,000. The Debenture has a maturity date of one year from the date of issuance and will bear simple interest at a rate of 15% per annum, calculated and paid semi-annually.  The Debenture will be convertible into units (“Units”) of the Company at a conversion price of $0.05 per Unit, all in accordance with the terms set forth in the certificate representing the Debenture.  Each Unit will be comprised of one common share of the Company (a “Share”) and one common share purchase warrant (a “Warrant”), with each Warrant entitling the holder thereof to acquire one additional...

HELENA, Mont., June 10, 2020 (GLOBE NEWSWIRE) — Eagle Bancorp Montana, Inc. (Nasdaq: EBMT) (the “Company”), holding company for Opportunity Bank of Montana (the “Bank”), today announced that it has sold $15 million in subordinated notes to certain qualified institutional accredited investors through a private placement offering. The subordinated notes were issued on June 10, 2020 and will mature on July 1, 2030.  The subordinated notes will bear interest at an annual fixed rate of 5.5% per annum, payable semi-annually in arrears on January 1 and July 1 of each year from July 1, 2020 to, but excluding, July 1, 2025.  From and including July 1, 2025 to, but excluding, July 1, 2030 or the earlier redemption date, interest will accrue at a floating rate per annum equal to a benchmark rate, which is expected to be Three-Month Term SOFR...

WIXOM, Mich., June 10, 2020 (GLOBE NEWSWIRE) — Rockwell Medical, Inc. (Nasdaq: RMTI) (“Rockwell Medical” or the “Company”), a biopharmaceutical company dedicated to transforming anemia management and improving outcomes for patients around the world, today announced the appointment of industry leader and renowned authority on kidney disease, Allen R. Nissenson, M.D., F.A.C.P., to its Board of Directors, effective June 11, 2020. Dr. Nissenson serves as an Emeritus Professor of Medicine at the David Geffen School of Medicine at University California Los Angeles, Emeritus Chief Medical Officer of DaVita Kidney Care, and a member of the Board of Directors of Angion Biomedica Corp.“We are pleased to welcome Allen to the Board of Directors,” said John P. McLaughlin, Chairman of the Board of Directors of Rockwell Medical. “We expect Allen’s...

First quarter 2020 revenue $2.8 million; loss from continuing operations ($1.0 million); adjusted EBITDA ($0.6 million)Atlanta, GA, June 10, 2020 (GLOBE NEWSWIRE) — Streamline Health Solutions, Inc. (NASDAQ: STRM), provider of integrated solutions, technology-enabled services and analytics supporting revenue cycle optimization for healthcare enterprises, today announced financial results for the first quarter of 2020, which ended April 30, 2020.Total revenues for the first quarter of 2020 were $2.8 million, compared to $3.2 million in the prior year period. First quarter 2020 revenue was negatively impacted by the COVID-19 pandemic, which resulted in delayed customer purchase decisions that adversely impacted professional services and perpetual license revenue. Recurring revenue comprised 75% of first quarter 2020 revenue compared...

LEXINGTON, Mass., June 10, 2020 (GLOBE NEWSWIRE) — Mimecast Limited (NASDAQ: MIME), a leading email and data security company, is set to join the broad-market Russell 3000® Index at the conclusion of the 2020 Russell indexes annual reconstitution, effective after the U.S. market opens on June 29, 2020 according to a preliminary list of additions posted June 5, 2020.Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of May 8, 2020 ranking them by total market capitalization. Membership in the U.S. all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization...

MOUNTAIN VIEW, Calif., June 10, 2020 (GLOBE NEWSWIRE) — ChemoCentryx, Inc. (Nasdaq:CCXI) announced today that it has commenced an underwritten public offering of its common stock.  In connection with this offering, ChemoCentryx plans to grant the underwriters a 30-day option to purchase up to an additional 15 percent of the number of shares sold.  SVB Leerink and Piper Sandler are acting as joint bookrunning managers for the offering. All shares of the common stock to be sold in the offering will be offered by ChemoCentryx.  The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.The offering will be made by ChemoCentryx pursuant to a registration statement on Form S-3 previously filed with the U.S. Securities...

WESTLAKE VILLAGE, Calif., June 10, 2020 (GLOBE NEWSWIRE) — Arcutis Biotherapeutics, Inc. (Nasdaq: ARQT), a late-stage biopharmaceutical company focused on developing and commercializing treatments for unmet needs in immune-mediated dermatological diseases and conditions, or immuno-dermatology, today announced that President and CEO Frank Watanabe will participate in a fireside chat during the Goldman Sachs 41st Annual Global Healthcare Conference Webcast taking place June 9-11, 2020.The presentation will be webcast and may be accessed at the “Events & Presentations” section of the Company’s website at https://investors.arcutis.com/events-and-presentations. Arcutis will maintain an archived replay of the webcast on its website for 30 days after the conference.About Arcutis – Bioscience, applied to the skin.Arcutis is a...

HARTSVILLE, S.C., June 10, 2020 (GLOBE NEWSWIRE) — Sonoco (NYSE: SON), one of the largest global diversified packaging companies, today announced its Tube & Core North America division will implement a tube and core scrap return subscription service, effective July 1, 2020.The subscription service is voluntary and will only be in effect if a customer chooses to return scrap tubes and cores to a Sonoco supplying facility. For many years, Sonoco offered this service at no cost to customers, however fluctuations in the value of the returned materials, along with the rising costs of labor, freight and other processing costs, required leadership to review this valuable offering.“Due to the recent experience with OCC volatility, Sonoco discovered that the value of our OCC bales was well below the processing costs associated with...

INDIANAPOLIS, June 10, 2020 (GLOBE NEWSWIRE) — Duke Realty Corporation (NYSE: DRE), the leading domestic only, pure-play logistics property REIT (Real Estate Investment Trust) in the United States, announces that it has earned Leadership in Energy and Environmental Design (LEED®) certification by the United States Green Building Council on six logistics buildings. LEED certification provides independent, third-party verification that a building project meets the highest performance standards and is deemed to be an environmentally responsible place to work.Going forward the company’s investment and completions of LEED certified buildings will increase given its pledge to design and build every new development for LEED certification.The six most recent Duke Realty LEED certified properties are:5 Ethel Boulevard in Wood-Ridge, New...

GLYFADA, Greece, June 10, 2020 (GLOBE NEWSWIRE) — Globus Maritime Limited (“Globus,” the “Company,” “we,” or “our”), (NASDAQ: GLBS), a dry bulk shipping company, announced today that it will release financial results for the three‐month period ended March 31, 2020, after the market closes in New York on Friday, June 12, 2020.About Globus Maritime LimitedGlobus is an integrated dry bulk shipping company that provides marine transportation services worldwide and presently owns, operates and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina and other dry bulk cargoes internationally. Globus’s subsidiaries own and operate 5 vessels with a total carrying capacity of 300,571 DWT and a weighted average age of 12.1 years as of March 31, 2020.