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Day: July 30, 2020

1847 Goedeker Inc. Announces Pricing of Initial Public Offering

BALLWIN, Mo., July 30, 2020 (GLOBE NEWSWIRE) — 1847 Holdings’ LLC (OTC: EFSH) subsidiary 1847 Goedeker Inc. (NYSE American: GOED), a one-stop e-commerce destination for appliances, furniture, home goods, and related products, today announced the pricing of its initial public offering of 1,111,200 shares of its common stock at a public offering price of $9.00 per share, for gross proceeds of $10,000,800, before deducting underwriting discounts and offering expenses. In addition, 1847 Goedeker Inc. has granted the underwriters a 45-day option to purchase up to an additional 166,577 shares of common stock to cover over-allotments at the initial public offering price, less the underwriting discount. All of the shares of common stock are being offered by 1847 Goedeker Inc.The Company intends to use the proceeds to pay off outstanding debt...

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Clean TeQ Announces Asset Write Down Expected

MELBOURNE, Australia, July 30, 2020 (GLOBE NEWSWIRE) — Clean TeQ Holdings Limited (Clean TeQ or Company) (ASX/TSX:CLQ; OTCQX:CTEQF) expects to recognise a non-cash write down of the carrying value of its Sunrise Project and project-related assets of approximately $A180 million in the 30 June 2020 full-year financial results based on a preliminary review of the carrying value of non-current assets undertaken by the Company.The Company has been progressing the Project Execution Plan (PEP) in conjunction with Fluor Australia Pty Ltd, part of the Fluor global engineering group headquartered in Irving, Texas.  As previously advised, the PEP deliverables include an update to the 2018 Definitive Feasibility Study (DFS) outputs including the production forecast, resources, reserves and operating cost estimates for the Project as well as...

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Magnetic North Acquisition Corp. Announces Initial Closing of Oversubscribed Non-Brokered Private Placement

**Not for distribution to United States Newswire Services or release publication, distribution or dissemination, directly or indirectly, in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities Laws**CALGARY, Alberta and TORONTO, July 30, 2020 (GLOBE NEWSWIRE) — Magnetic North Acquisition Corp. (TSXV: MNC) (“Magnetic North” or the “Company”) is pleased to announce the initial closing for its non-brokered private placement (the “Financing”) of Series A Preferred Shares for gross proceeds of up to $1,200,000 originally announced on July 9, 2020.On July 30, 2020 the Company completed the issuance of 122,660 Series A Preferred Shares at a price of $10.00 per share for gross proceeds of $1,226,600. The Company paid finder’s fees of $54,000 relating to the closing. Due to increased...

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Hemp, Inc. Commends Congress for Approving Measure Allowing CBD for Military Use

Las Vegas, NV, July 30, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Hemp, Inc. (OTC PINK: HEMP) a global leader in the industrial hemp industry with bi-coastal processing centers, including the 85,000 square foot multipurpose industrial hemp processing facility on nine acres in Spring Hope, NC.; a 55,000 square foot state of the art local processing center in White City, Ore.; a 500 acre hemp growing Veteran Village Kins Community in Golden Valley, Az.; two model “Small Family Hemp Farms” in North Carolina and Arizona; a hemp pre-roll blending manufacturing facility in Las Vegas, NV, a 5,000 square-foot retail store (The King of Hemp Store™) in Kingman, Arizona and recently surpassed over $2 million in sales of their pre-98 OG Bubba Kush buds, commends Congress for approving an amendment to the National Defense Authorization...

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Portman Ridge Finance Corporation to Report Second Quarter 2020 Financial Results on August 6th, 2020; Conference Call Scheduled

NEW YORK, July 30, 2020 (GLOBE NEWSWIRE) — Portman Ridge Finance Corporation (Nasdaq: PTMN) (the “Company”) will release its financial results for the quarter ended June 30, 2020 on Thursday, August 6th, 2020 before the markets open. The Company will host a conference call on Monday, August 10th, 2020 at 4:00 pm Eastern Time.To access the call please dial (866) 757-5630 approximately 10 minutes prior to the start of the conference call. No password is required. A live audio webcast of the conference call can be accessed via the Internet, on a listen-only basis on our Company’s website www.portmanridge.com in the Investor Relations section under Events. The online archive of the webcast will be available after 7pm Eastern Time for approximately 90 days.

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Denbury Resources Commences Next Step to Implement Pre-Packaged Plan to Strengthen Its Balance Sheet and Reduce Debt

Files Voluntary Petitions for Reorganization Under Chapter 11Continuing Normal Course Operations Through Court-Supervised ProcessPLANO, Texas, July 30, 2020 (GLOBE NEWSWIRE) — Denbury Resources Inc. (NYSE: DNR) (“Denbury” or the “Company”) today announced it has taken the next step to implement its “pre-packaged” plan to eliminate the Company’s $2.1 billion of bond debt, consistent with the terms of its previously announced Restructuring Support Agreement (the “RSA”).As announced on July 29, 2020, Denbury entered into an RSA with funded debtholders holding 100% of the Company’s revolving credit facility loans, approximately 67.2% of its second lien notes and approximately 70.8% of its convertible notes.  As contemplated by the RSA, Denbury and its subsidiaries have voluntarily filed petitions for reorganization under...

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Team, Inc. Schedules Second Quarter 2020 Earnings Conference Call for Wednesday, August 5, 2020 at 10:00 a.m. Eastern Time

SUGAR LAND, Texas, July 30, 2020 (GLOBE NEWSWIRE) — Team, Inc. (NYSE: TISI) announced today that it will issue its second quarter 2020 results after the market closes on Tuesday, August 4, 2020. In conjunction with this release, Team, Inc. has scheduled a conference call on Wednesday, August 5, starting at 10:00 a.m. ET (9:00 a.m. CT).About Team, Inc.Headquartered in Sugar Land, Texas, Team Inc. (NYSE: TISI) is a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions. We deploy conventional to highly specialized inspection, condition assessment, maintenance and repair services that result in greater safety, reliability and operational efficiency for our client’s most critical assets. Through locations in more than 20 countries, we unite the delivery of technological innovation...

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Lupaka and PLI Execute Mutual Releases

VANCOUVER, British Columbia, July 30, 2020 (GLOBE NEWSWIRE) — Lupaka Gold Corp. (“Lupaka Gold” or the “Company“) (TSX-V: LPK, FRA: LQP) reports that it has executed a series of mutual releases (the “Release”) between the Company and its subsidiaries (together, the “Lupaka Parties”) and PLI Huaura Holdings L.P. (“PLI”), Invicta Mining Corp S.A.C. (“IMC”) and certain associated parties of PLI (the “PLI Parties”).As a result, all claims made or in the process of being made by the Lupaka Parties against the PLI Parties are deemed to be released and forever discharged from each and every one of the PLI Parties; and all claims made or in the process of being made by the PLI Parties against the Lupaka Parties are deemed to be released and forever discharged from each and every one of the Lupaka Parties. Further, it is...

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Helix Biopharma Corp. Announces Fiscal Third Quarter 2020 Results

RICHMOND HILL, Ontario, July 30, 2020 (GLOBE NEWSWIRE) — Helix BioPharma Corp. (TSX: “HBP”), a an immuno-oncology company developing drug candidates for the prevention and treatment of cancer, today announced its financial results for the fiscal third quarter ended April 30, 2020.OVERVIEWThe Company reported a consolidated net loss and total comprehensive loss of $2,594,000 ($0.02 loss per common share) and $7,060,000 ($0.05 loss per common share), respectively for the three and nine-month period ended April 30, 2020.  For the three and nine-month periods ended April 30, 2019, consolidated net loss and total comprehensive loss of totalled $2,071,000 ($0.02 loss per common share) and $5,358,000 ($0.05 loss per common share), respectively.  This includes a net loss from discontinued operations related to the Company’s plan to fully...

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