Day: July 20, 2020

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESTORONTO, July 20, 2020 (GLOBE NEWSWIRE) — CR Capital Corp. (TSX-V / CIT) (“CR Capital” or the “Company”) is pleased to announce that it has closed the first tranche (the “First Tranche”) of the non-brokered private placement previously announced (see news releases dated July 2, 2020 and July 3, 2020) of a combination of flow-through units (“FT Units”) and hard-dollar units (“HD Units”) (the “Offering”). The Offering consists of the sale of up to $500,000 worth of HD Units offered at C$0.08 per HD Unit and up to $500,000 worth of FT Units offered at C$0.10 per FT Unit (inclusive of the Company’s over-allotment option for an additional 3,000,000 FT Units).Each FT Unit consists of one (1) common share of the Company that qualifies as a “flow-through...

Preliminary Financial Results and Other Matters for the Quarter and Six Months Ended June 30, 2020:Total Loans:  Total gross loans (including the undisbursed portion of loans), excluding FDIC-assisted acquired loans and mortgage loans held for sale, increased $241.0 million, or 4.9%, from December 31, 2019, to June 30, 2020.  This increase was primarily in other residential (multi-family) loans, commercial business loans, one- to four-family residential loans and commercial real estate loans.  These increases were partially offset by decreases in construction loans and consumer auto loans.  Total gross loans increased $186.5 million during the three months ended June 30, 2020, approximately $120 million of which were loans pursuant to the Paycheck Protection Program (PPP). The FDIC-assisted acquired loan portfolios decreased $16.5 million...

CALGARY, Alberta, July 20, 2020 (GLOBE NEWSWIRE) — Cardinal Energy Ltd. (“Cardinal“) (TSX:CJ) announces that approximately 62% of the outstanding principal amount of its 5.50% convertible debentures have exercised their right to exchange their debentures for a new series of 8.00% convertible debentures. In addition, Cardinal has elected to extend the period of time that debentures can be exchanged from 5:00 p.m. (Eastern time) on Monday, July 20, 2020 to 5:00 p.m. (Eastern time) on Tuesday, August 4, 2020.Please contact us via email at info@cardinalenergy.ca or our exchange agent, Computershare Investor Services Inc., at 1-800-564-6253 or via email at corporateactions@computershare.com if you need any assistance in exercising your exchange right. The exchange right is optional so you must contact your broker to have...

VANCOUVER, British Columbia, July 20, 2020 (GLOBE NEWSWIRE) — WestKam Gold Corp. (TSX-V: WKG) (the “Company” or “WestKam”), announces that it has completed its previously-announced debt settlement transaction pursuant to which it has issued 7,208,560 common shares at a deemed price of $0.10/unit to settle $720,856 of debt.  Insiders of the Company was issued a total of 2,396,840 common shares under the debt settlement, which is considered a related party transaction as defined in Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”).  The Company relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(a), respectively, of MI 61-101 in respect of such insider participation.About WestKam...

Wood Dale, Illinois, July 20, 2020 (GLOBE NEWSWIRE) — AAR (NYSE: AIR), a leading provider of aviation services to commercial and government operators worldwide, today announced that certain of its subsidiaries expect to receive $57.2 million from the U.S. Treasury Department through the Payroll Support Program under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The funds are expected to consist of a $48.5 million grant and an $8.7 million loan, and will be used exclusively to pay salaries, wages and benefits of employees in AAR’s U.S. airframe and landing gear maintenance, repair and overhaul (MRO) operations. “We thank Congress and the Administration for passing legislation that recognizes the essential service that our MRO team provides to the aviation industry. We are also grateful to our employees for their tireless...

PERTH, Australia, July 20, 2020 (GLOBE NEWSWIRE) — Perseus Mining Limited (“Perseus” or the “Company”) (TSX & ASX: PRU) reports on its activities for the three month period ended June 30, 2020 (the “Quarter”). An executive summary is provided below. However, full details of activities in the Quarter, including reconciled production and all-in site cash costs, are included in the Company’s June 2020 Quarterly Activity Report released to the market on July 21, 2020. The full report is available for download from www.perseusmining.com, www.asx.com.au and www.sedar.com.EXECUTIVE SUMMARYEdikan and Sissingué operations perform stronglyGroup operating performance was strong in the June 2020 quarter, with production up 12% to 64,676 ounces, production costs down 15% to US$805 per ounce and AISCs down 14% to US$935 per ounce. Gold sales...

TORONTO, July 20, 2020 (GLOBE NEWSWIRE) — Copper Reef Mining Corporation (“Copper Reef” or the “Company”) (CSE: CZC) is pleased to announce that it has completed a non-brokered private placement consisting of 4,083,401 units of the Company (the “Units”) at a price of $0.30 per Unit for aggregate gross proceeds of $1,225,020.30 (the “Offering”). Each Unit consists of one common share of the Company and one-half of one common share purchase warrant (each whole common share purchase warrants, a “Warrant”). Each Warrant entitles the holder thereof to purchase one common share of the Company at $0.40 per common share until January 20, 2022.Brian Howlett, President and Chief Executive Officer of the Company commented: “We are pleased with the level of interest in the Offering.  The proceeds from the Offering will be primarily used for...

ATLANTA, July 20, 2020 (GLOBE NEWSWIRE) — Mueller Water Products, Inc. (NYSE: MWA) plans to release financial results for its third quarter ended June 30, 2020, after U.S. markets close on Wednesday, August 5, 2020.  On Thursday, August 6, 2020, at 9:00 a.m. ET, the Company will hold a conference call to discuss earnings and business results.  Interested parties are invited to listen via webcast through the Company’s website, www.muellerwaterproducts.com.  An archive of the webcast will be available for approximately 90 days following the call.About Mueller Water Products, Inc.Mueller Water Products, Inc. (NYSE: MWA) is a leading manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America.  Our broad product and service portfolio includes engineered valves,...

BROOKFIELD, News, July 20, 2020 (GLOBE NEWSWIRE) — Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) (“Brookfield Renewable”), alongside its institutional partners, today announced that it has entered into a binding agreement to acquire a 1,200 MW advanced solar development project in Brazil, which will be targeted for completion in early 2023.Approximately 75% of the project is contracted under long-term inflation-linked power purchase agreements, and Brookfield Renewable intends to leverage its deep power marketing expertise to contract the remaining generation prior to beginning construction. Total equity required to complete the project is expected to be approximately $200 million.“This acquisition represents a unique opportunity to invest in one of the largest solar development projects globally,” said Sachin Shah,...