Month: July 2020

TORONTO, July 27, 2020 (GLOBE NEWSWIRE) — Noranda Income Fund (TSX:NIF.UN) (the “Fund”) through its wholly-owned subsidiary, Noranda Income Limited Partnership, and BaseCore Metals LP (“BaseCore”) today entered into a definitive stream agreement over reference zinc processed and refined at the Fund’s electrolytic zinc processing facility (the “Stream”) located in Salaberry-de-Valleyfield, Quebec (the “Processing Facility”). BaseCore will advance a cash consideration of US$40 million for the Stream. Proceeds will be used to improve the Processing Facility’s filtration and cooling processes to support increased zinc production capacity (the “Expansion Projects”) and for general corporate purposes.“We are pleased to partner with BaseCore and to secure long-term financing that will allow us to improve our capital structure while making...

TORONTO, 27 juill. 2020 (GLOBE NEWSWIRE) — Le Fonds de revenu Noranda (TSX : NIF.UN) (le « Fonds »), par l’intermédiaire de sa filiale en propriété exclusive, Société en commandite Revenu Noranda, et BaseCore Metals LP (« BaseCore ») ont conclu une entente de flux définitive visant le zinc de référence traité et affiné à l’affinerie de zinc électrolytique du Fonds (« l’entente de flux ») située à Salaberry-de-Valleyfield, au Québec (« l’affinerie »). BaseCore avancera une contrepartie en trésorerie de 40 M$ US pour l’entente de flux. Les fonds seront utilisés pour améliorer les processus de refroidissement et de filtration de l’affinerie afin qu’elle puisse soutenir une capacité de production de zinc accrue (les « projets d’expansion ») et pour répondre aux besoins généraux de l’entreprise.« Nous sommes heureux de nous associer...

TORONTO, July 27, 2020 (GLOBE NEWSWIRE) — Flow Capital Corp. (TSXV: FW) (“Flow Capital,” “Flow,” or the “Company”) announces that eSCRIBE Software Ltd. (“eSCRIBE”) has completed a buyout of Flow Capital’s royalty investment for $500,000. Including the monthly royalty payments received by Flow, this represents a cash-on-cash return of approximately 2.69 times the money invested over 43 months.“Our investment in eSCRIBE is a great example of the Flow Capital model of financing non-dilutive growth capital. We are glad to have aided the company’s 3X growth in revenues since we invested,” commented Alex Baluta, Chief Executive Officer of Flow Capital.“Flow Capital’s investment provided us flexible capital that enabled us to scale our business without early equity dilution, enabling early equity shareholders to retain a greater...

TORONTO, July 27, 2020 (GLOBE NEWSWIRE) — Fortress Technologies Inc. (TSX-V: FORT) (“Fortress” or the “Company”) today announced that it intends commence a normal course issuer bid (the “NCIB”) to purchase for cancellation from time to time up to an aggregate of 5,688,227 common shares of the Company (“Common Shares”), representing 8.0% of the Company’s issued and outstanding Common Shares and 10% of the Company’s “Public Float” (as such term is defined in the TSX-V Corporate Finance Manual) as of July 27, 2020.Fortress may purchase common shares under the NCIB over the next twelve-month period beginning on or about July 29, 2020. The NCIB will terminate upon the earliest of (i) the Company purchasing 5,688,227 Common Shares, (ii) the Company providing notice of termination of the NCIB, and (iii) July 28, 2021.Fortress has engaged...

MARKHAM, Ontario, July 27, 2020 (GLOBE NEWSWIRE) — Sienna Senior Living Inc. (“Sienna” or the “Company”) (TSX: SIA) today provided the following business update.Since the onset of COVID-19, the Company has been singularly focused on steering Sienna through the crisis, learning from it, and positioning Sienna to come out stronger. The health and well-being of our residents and team members remains Sienna’s top priority.“To date, we have made good progress in implementing important measures in our fight against COVID-19,” said Nitin Jain, President and CEO. “We will take all necessary steps to minimize the impact of new outbreaks and a potential second wave on our ability to provide the best quality care for our seniors, while also keeping our team members healthy and safe.”COVID-19 UpdateNo current resident cases of COVID-19 in any...

FORT LAUDERDALE, Fla., July 27, 2020 (GLOBE NEWSWIRE) — SEACOR Holdings Inc. (NYSE:CKH) (the “Company”) today announced its results for the second quarter ended June 30, 2020:Net income attributable to stockholders for the quarter ended June 30, 2020 was $7.9 million ($0.39 per diluted share) compared with $14.6 million ($0.76 per diluted share) for the quarter ended June 30, 2019.  The prior year quarter included $10.5 million ($0.53 per diluted share) of net mark-to-market gains on marketable securities.Operating income for the quarter ended June 30, 2020 was $13.7 million compared with $11.1 million for the quarter ended June 30, 2019.“Cash Earnings” for the quarter ended June 30, 2020 were $19.2 million compared with $32.9 million for the quarter ended June 30, 2019.  “Cash Earnings” in the current year quarter is...

DENVER, July 27, 2020 (GLOBE NEWSWIRE) — LGI Homes, Inc. (Nasdaq:LGIH) today announced the opening of its newest community conveniently located north of Denver near Fort Collins, Colorado.LGI Homes at Hidden Valley Farm will offer an incredible lineup of new construction homes near Fort Collins. This popular location offers residents a suburban atmosphere with a multitude of shopping and dining destinations, as well as close proximity to the peaks of Rocky Mountain National Park.“Fort Collins is a great location for families to plant roots, and LGI Homes is proud to offer affordable new home options for home shoppers in the area,” said Ryan Stokes, Division President, LGI Homes.Hidden Valley Farm offers three- and four-bedroom homes ranging in size from 1,293 to 2,363 square feet with prices starting in the mid-$300s. These new...

TORONTO, July 27, 2020 (GLOBE NEWSWIRE) — Belo Sun Mining Corp. (“Belo Sun” or the “Company”) (TSX: BSX) reports, in accordance with the policies of the Toronto Stock Exchange, that the nominees listed in the management proxy circular dated June 19, 2020 for the 2020 Annual Meeting of shareholders of Belo Sun (the “Meeting”) were elected as directors of the Company.  Shareholders at the annual meeting also approved the appointment of the Company’s auditors and the approval of the Company’s amended stock option plan. 67.23% of all of the issued and outstanding shares of Belo Sun were represented at the Meeting. Belo Sun would like to welcome Rui Botica Santos to its Board of Directors as a newly elected director.  Mr. Santos is a qualified lawyer in Brazil and is widely regarded as a leading lawyer in the mining sector and...

GREENWOOD VILLAGE, Colo., July 27, 2020 (GLOBE NEWSWIRE) — Advanced Emissions Solutions, Inc. (NASDAQ: ADES) (the “Company” or “ADES”) today announced the Company expects to release its second quarter 2020 financial results and file its Quarterly Report on Form 10-Q for the period ended June 30, 2020 after market close on Monday, August 10, 2020. A conference call to discuss the Company’s financial performance is scheduled to begin at 9:00 a.m. Eastern Time on Tuesday, August 11, 2020.The conference call webcast information will be available via the Investor Resources section of ADES’s website at www.advancedemissionssolutions.com. Interested parties may also participate in the call by registering at http://www.directeventreg.com/registration/event/5965519. A supplemental investor presentation...

TORONTO, July 27, 2020 (GLOBE NEWSWIRE) — Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (Frankfurt: B4IE) (the “Company” or “Goliath”) is pleased to report that the non-flow through portion of its previously announced non-brokered private placement and strategic investment syndicate led by Palisades Goldcorp Ltd. dated July 16, 2020 (Click Here) has been increased from $500,000 to $1,250,000 due to significant investor demand. As well the flow through announced of $750,000 has been increased to $916,000. This will provide approximately $2,166,000 of gross proceeds to the Company.The flow through funding will consist of 3,983,455 flow through units (“FT Units”), priced at $0.23 each for gross proceeds of $916,194. Upon completion of the flow through offering, it is expected that the Palisades syndicate will acquire all 3,983,455...