Day: July 30, 2020

Results Reflect Strong Participation in SBA’s PPP ProgramWell-Capitalized to Support Growth and Navigate Current EnvironmentVANCOUVER, Wash., July 30, 2020 (GLOBE NEWSWIRE) — Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) (“Riverview” or the “Company”) today reported earnings of $480,000, or $0.02 per diluted share for the first fiscal quarter ended June 30, 2020 compared to $2.9 million, or $0.13 per diluted share, in the preceding quarter, and $4.2 million, or $0.18 per diluted share, in the first fiscal quarter a year ago. During the quarter, the Company recognized a provision for loan losses of $4.5 million reflecting the current economic environment. Our pre-tax, pre-provision income (non-GAAP) was $5.1 million for the quarter, compared to $5.1 million in the preceding quarter and $5.4 million in the first fiscal quarter a year...

VANCOUVER, British Columbia, July 30, 2020 (GLOBE NEWSWIRE) — Eldorado Gold Corporation (“Eldorado” or “the Company”) today reports the Company’s financial and operational results for the second quarter of 2020.Measures remain in place to manage the impact of the novel coronavirus (“COVID-19”) pandemic: The Company’s mines are fully operational and the global workforce has returned to normal levels. Preventing the spread of COVID-19, ensuring safe working environments across Eldorado’s global sites, and preparedness should an outbreak occur, remain priorities. 

CALGARY, Alberta, July 30, 2020 (GLOBE NEWSWIRE) — Cardinal Energy Ltd. (“Cardinal” or the “Company“) (TSX: CJ) is pleased to announce its operating and financial results for the second quarter ended June 30, 2020.Selected financial and operating information is shown below and should be read in conjunction with Cardinal’s unaudited condensed interim financial statements and related Management’s Discussion and Analysis for the three months ended June 30, 2020 which are available at www.sedar.com and on our website at www.cardinalenergy.ca.FINANCIAL HIGHLIGHTS FROM THE SECOND QUARTER OF 2020Cardinal had second quarter positive free cash flow(1) due to reduced capital expenditures and cost saving initiatives leading to a $7.1 million reduction in net debt(1) over the prior quarter;Reduced our net...

New York, NY, July 30, 2020 (GLOBE NEWSWIRE) — E.Merge Technology Acquisition Corp. (the “Company”) announced today that it priced its initial public offering of 52,200,000 units at $10.00 per unit. The units will be listed on the Nasdaq Capital Market (“Nasdaq”) and will begin trading tomorrow, Friday, July 31, 2020, under the ticker symbol “ETACU”. Each unit consists of one share of the Company’s Class A common stock and one-third of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Only whole warrants are exercisable and will trade.  Once the securities comprising the units begin separate trading, shares of the Class A common stock and warrants are expected to be listed on Nasdaq under the symbols “ETAC” and “ETACW,” respectively.The...

TORONTO, July 30, 2020 (GLOBE NEWSWIRE) — MERCER PARK BRAND ACQUISITION CORP. (“Mercer” or the “Company”) is reporting its financial results for the three and six months ended June 30, 2020. The Company’s unaudited interim financial statements along with its management discussion and analysis has been filed on the System for Electronic Document Analysis and Retrieval and may be viewed by shareholders and interested parties under the Company’s profile at www.sedar.com.About Mercer Park Brand Acquisition Corp.Mercer Park Brand is a special purpose acquisition corporation incorporated under the laws of the Province of British Columbia for the purpose of effecting a Qualifying Transaction.Forward-Looking StatementsThis press release may contain forward looking information within the meaning of applicable securities legislation, which...

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES(Note: All dollar amounts in this news release are expressed in U.S. dollars except as otherwise noted. The financial results are prepared using the recognition and measurement requirements of International Financial Reporting Standards, except as otherwise noted, and are unaudited.)TORONTO, July 30, 2020 (GLOBE NEWSWIRE) — Fairfax Africa Holdings Corporation (TSX: FAH.U) announces a net loss of $4.2 million in the second quarter of 2020 ($0.07 net loss per diluted share), compared to a net loss of $16.2 million in the second quarter of 2019 ($0.27 net loss per diluted share), reflecting decreased net unrealized losses on investments in the quarter.Strategic Transaction with Helios Holdings Limited:On July 10, 2020 the company announced that...

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES(Note: All dollar amounts in this news release are expressed in U.S. dollars except as otherwise noted. The financial results are prepared using the recognition and measurement requirements of International Financial Reporting Standards, except as otherwise noted, and are unaudited.)TORONTO, July 30, 2020 (GLOBE NEWSWIRE) — Fairfax India Holdings Corporation (TSX: FIH.U) announces net earnings of $52.4 million in the second quarter of 2020 ($0.35 net earnings per diluted share), compared to a net loss of $55.5 million in the second quarter of 2019 ($0.36 net loss per diluted share), reflecting increased net unrealized gains on investments, partially offset by decreased realized gains on investments.Highlights for second quarter of 2020 included...

HOUSTON, July 30, 2020 (GLOBE NEWSWIRE) — Dril-Quip, Inc. (NYSE: DRQ), (the “Company” or “Dril-Quip”) today reported operational and financial results for the second quarter of 2020.  Key highlights for the second quarter of 2020 included:Generated $90.4 million of revenue on lower product volumes and leasing revenues, reflecting the continued impacts of the COVID-19 pandemic on global operations;Reported second quarter net loss of $14.1 million, or $0.40 per share, an improvement of $5.6 million, or $0.15 per share, from the first quarter of 2020;Recorded adjusted EBITDA of $6.0 million, or 6.7% of revenue;Improved sequential net cash provided by operating activities by $24.3 million to $3.0 million increasing cash position to $345.8 million;Completed approximately $11.5 million of previously announced annualized cost saving actions,...

MIAMI, July 30, 2020 (GLOBE NEWSWIRE) — NCL Corporation Ltd. (“NCLC”), a subsidiary of Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) (“NCLH”), announced today that, in connection with its previously announced private offering of $400 million aggregate principal amount of its 5.375% exchangeable senior notes due 2025 (the “Exchangeable Notes”), the initial purchasers have notified NCLC of their intent to purchase an additional $50 million aggregate principal amount of Exchangeable Notes pursuant to the partial exercise of their option to purchase additional Exchangeable Notes (the “Option Notes”). NCLC will issue a total of $450 million aggregate principal amount of Exchangeable Notes, which includes the Option Notes and the $400 million aggregate principal amount of Exchangeable Notes that were issued on July 21, 2020.The Option...

(Note: All dollar amounts in this news release are expressed in U.S. dollars except as otherwise noted. The financial results are prepared using the recognition and measurement requirements of International Financial Reporting Standards except as otherwise noted, and are unaudited.)TORONTO, July 30, 2020 (GLOBE NEWSWIRE) — Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) announces net earnings of $434.9 million ($15.26 net earnings per diluted share after payment of preferred share dividends) in the second quarter of 2020 compared to net earnings of $494.3 million ($17.18 net earnings per diluted share after payment of preferred share dividends) in the second quarter of 2019. Book value per basic share at June 30, 2020 was $435.11 compared to $486.10 at December 31, 2019 (a decrease of 8.3% adjusted for the $10 per common...