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Day: July 22, 2020

Parkland teams up with Amazon Web Services to accelerate digital transformation

CALGARY, Alberta, July 22, 2020 (GLOBE NEWSWIRE) — Parkland Corporation (“Parkland”, “we”, the “Company”, or “our”) (TSX:PKI) announced it is collaborating with Amazon Web Services (“AWS”) to further strengthen its customer value proposition and loyalty initiatives and accelerate its digital transformation. With AWS as its strategic digital provider, Parkland intends to tap into leading expertise in machine learning and analytics to improve its logistics and enable frictionless commerce.“We are excited to be teaming up with AWS to advance our strategic priorities and support our ambitious organic growth targets,” said Ian White, Senior Vice President Strategic Marketing and Innovation at Parkland. “AWS is a renowned global technology leader who is laser-focused on customer experience...

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Angus Ventures Appoints Chief Executive Officer

TORONTO, July 22, 2020 (GLOBE NEWSWIRE) — ANGUS VENTURES INC. (TSX-V: GUS) (“Angus” or the “Company”) is pleased to announce that Andrey Shamis has been appointed interim Chief Executive Officer of the Company.Mr. Shamis joined the Company’s board of directors in 2017. Mr. Shamis practices in the field of corporate law and securities and has experience in private mergers and acquisitions, public and private offerings, regulatory compliance and corporate governance. He received his law degree from Osgoode Hall Law School and is a member of the Law Society of Ontario.Ms. Shamis is succeeding Patrick Langlois in this role.About Angus Ventures:Angus Ventures is a Canadian gold exploration company with a 205-square-kilometres land package located in north-central Ontario approximately 50 kilometres west of the town of Wawa and lies between...

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Red Chris Production and Exploration Update

VANCOUVER, British Columbia, July 22, 2020 (GLOBE NEWSWIRE) — Imperial Metals Corporation (the “Company”) (TSX:III) reports Red Chris metal production for the second quarter of 2020 was 26.5 million pounds copper and 22,057 ounces gold, up from 22.5 million pounds copper and 17,427 ounces gold in the 2020 first quarter.Imperial’s 30% portion of Red Chris second quarter production was 7.9 million pounds copper and 6,617 ounces gold. Newcrest Red Chris Mining Limited is operator of the Red Chris Joint Venture (Newcrest 70%/ Imperial 30%). Red Chris – Exploration UpdateThe highlight in the second quarter was drill hole RC625, which is the second hole drilled in the newly discovered high grade pod. First intersected by RC616 this new high grade pod is located on the western edge of the East zone.  Hole RC625 has returned a partial...

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Icanic Brands Closes $1M First Tranche of Private Placement

VANCOUVER, British Columbia, July 22, 2020 (GLOBE NEWSWIRE) — Icanic Brands Company Inc. (CSE: ICAN, OTCQB: ICNAF) (“Icanic Brands” or the “Company”), is pleased to announce a first tranche closing of its non-brokered private placement announced on June 11, 2020 (the “Offering”).Pursuant to the first tranche, the company issued 4,290,000 units at a price of $0.25 per unit for gross proceeds of $1,072,500.Each Unit is comprised of one common share in the capital of the Company (a “Share”) and one common share purchase warrant (a “Warrant”). Each Warrant shall be exercisable to acquire one additional Share at a price of $0.31 for a period of two years from the date of issuance. In the event that the Shares trade at a closing price of greater than $0.50 per Share for ten (10) consecutive trading days, the Company may accelerate the expiry...

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Rhino Resource Partners LP Voluntarily Files for Relief under Chapter 11

LEXINGTON, KY, July 22, 2020 (GLOBE NEWSWIRE) — Rhino Resource Partners LP (OTC: RHNO) (“Rhino” or the “Partnership”) announced today that it, along with its subsidiaries and certain of its affiliates, has filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Ohio. In connection with the filing, Rhino has obtained $11.75 million of post-petition financing and the support from a stalking horse bidder to acquire the company. Rhino intends to use the bankruptcy process to implement an orderly sale of substantially all of its assets in an effort to maximize value for all stakeholders and allow for the prospect of continued employment and business opportunities at its operating locations. Rick Boone, Rhino’s chief executive officer, said, “Rhino has...

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Green Growth Brands Provides CCAA and Other Updates

COLUMBUS, Ohio, July 22, 2020 (GLOBE NEWSWIRE) — Green Growth Brands Inc. (CSE: GGB) (OTCQB: GGBXF) (“GGB” or the “Company”) and certain of its direct and indirect wholly owned subsidiaries (collectively, the “Applicants”) today provided an update on its insolvency proceedings under the Companies’ Creditors Arrangement Act (Canada) (“CCAA“).As announced on May 20, 2020, the Applicants filed for insolvency protection under the CCAA and obtained an order from the Ontario Superior Court of Justice (the “Court”) granting the Applicants protection under the CCAA for an initial 10 day period until May 29, 2020, as extended. On June 2, 2020, the Court granted a motion filed by the Applicants and issued an order (the “Amended and Restated Order”): (i) extending the stay period (“Stay Period”) until August 15, 2020; (ii) increasing...

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Northfield Bancorp, Inc. Announces Second Quarter 2020 Results

NOTABLE ITEMS FOR THE QUARTER INCLUDE:DILUTED EARNINGS PER SHARE OF $0.23 FOR THE SECOND QUARTER OF 2020, COMPARED TO $0.10 FOR THE FIRST QUARTER OF 2020, AND $0.17 FOR THE SECOND QUARTER OF 2019Results for the second quarter of 2020 included a $0.01 net decrease in diluted earnings per share related to:$1.8 million in incremental loan loss provisions related to the impact of the COVID-19 pandemic, due primarily to an increase in estimated loss factors related to overall unemployment, and downgrades in loan ratings for forbearance loans; and$205,000 in merger related expenses, partially offset by:$665,000 in gains on loans sold, and a$618,000 reduction in the allowance for loan losses related to the sale of loans.COMPLETED ACQUISITION OF VSB BANCORP, INC. ON JULY 1, 2020LOANS INCREASED $80.2 MILLION, OR 9.0% ANNUALIZED, AS COMPARED TO...

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Toscana Energy Announces Second Quarter 2020 Results

CALGARY, Alberta, July 22, 2020 (GLOBE NEWSWIRE) — Toscana Energy Income Corporation (“Toscana” or the “Corporation”) (TSX: TEI) announces financial and operating results for the second quarter ended June 30, 2020.Financial and operating results:This news release summarizes information contained in the Condensed Consolidated Interim Financial Statements (unaudited) and Management’s Discussion and Analysis (“MD&A”) for the three and six months ended June 30, 2020. This news release should not be considered a substitute for reading the full disclosure documents, which are available under the Corporation’s profile on SEDAR at www.sedar.com and on the Corporation’s website at www.toscanaenergy.ca.

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Century Aluminum Sets Date for Second Quarter 2020 Earnings Announcement

CHICAGO, July 22, 2020 (GLOBE NEWSWIRE) — Century Aluminum Company (NASDAQ: CENX) will report second quarter 2020 earnings on Wednesday, August 5, 2020 after the close of market trading. The news release will be issued through GlobeNewswire.The company will hold a follow-up conference call on Wednesday, August 5, 2020 at 5:00 p.m. Eastern time.The earnings call will be webcast live on the Century Aluminum Company website, located at www.centuryaluminum.com. Plan to begin the registration process at least 10 minutes before the live call is scheduled to begin. A replay of the webcast will be archived and available for replay approximately two hours following the live call.

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G1 Therapeutics Announces License Agreement for Lerociclib

– G1 to receive $20 million upfront payment, sales royalties and potential milestone payments of up to $290 million for commercialization of lerociclib in the U.S., Europe, JapanRESEARCH TRIANGLE PARK, N.C. and CAMBRIDGE, Mass., July 22, 2020 (GLOBE NEWSWIRE) — G1 Therapeutics, Inc. (Nasdaq: GTHX), a clinical-stage oncology company, today announced a license agreement for lerociclib to EQRx™, a biopharmaceutical company focused on making innovative medicines at dramatically lower prices for the benefit of people and society. Under the terms of the agreement, EQRx gains exclusive rights for lerociclib in the U.S., Europe, Japan and all other global markets, excluding the Asia-Pacific region (except Japan). G1 will receive an upfront cash payment of $20 million and will be eligible to receive development and commercial milestone...

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