Month: July 2020

MISSISSAUGA, Ontario, July 30, 2020 (GLOBE NEWSWIRE) — Smart Employee Benefits Inc. (“SEB” or the “Company”) (TSXV: SEB) today reports its financial results for the second quarter of 2020.States John McKimm, President/CEO/CIO of Smart Employee Benefits Inc.:“Adjusted EBITDA and EBITDA improved significantly for the second quarter, 2020 over the comparable period the previous year and from the first quarter, 2020.  The gross margin percentage improved by 0.5% from the first quarter, 2020 and 1.9% from the same period the previous year. Operating costs reduction initiatives led to the year over year improvement in cost structure of approximately $1,261,130 quarter over quarter and $2,357,519, first half over first half, which is expected to be permanent cost savings of over $4.0M annually.EBITDA improved by $1,150,664 in the second...

CALGARY, Alberta, July 30, 2020 (GLOBE NEWSWIRE) — Black Diamond Group Limited (“Black Diamond” the “Company” or “we”) (TSX: BDI), a leading provider of modular space solutions and workforce accommodations, today announced that the Company expects to release its 2020 second quarter results on Tuesday, August 11, 2020 after markets close. The news release will discuss Black Diamond’s financial results and operational highlights.About Black Diamond GroupBlack Diamond is a specialty rentals and industrial services Company with two operating business units – Modular Space Solutions (MSS) and Workforce Solutions (WFS). We operate in Canada, the United States, and Australia. MSS through its principal brands, BOXX Modular, Britco, and MPA, owns a large rental fleet of modular buildings of various types and sizes. Its...

TORONTO, July 30, 2020 (GLOBE NEWSWIRE) — ABC Capital Management Inc. (“ABC”) filed an early warning report today in connection with the acquisition of 1,250,000 Units (hereinafter defined) of CR Capital Corp. (the “Company”) at C$0.08 per Unit for gross proceeds of C$100,000 (the “Acquisition”), as part of the Company’s non-brokered private placement (see the Company’s news releases dated July 2, 2020, July 3, 2020, July 20, 2020 and July 24, 2020). Each “Unit” acquired consists of one common share in the Company (a “Share”) and one common share purchase warrant in the Company (a “Warrant”). Each Warrant entitles the holder thereof to acquire one Share for C$0.10 until the date which is eighteen (18) months following the closing date of the offering, whereupon the Warrants will expire.Prior to the Acquisition, ABC held Nil Shares,...

AUSTIN, Texas, July 30, 2020 (GLOBE NEWSWIRE) — Vital Farms, Inc. (“Vital Farms”), a Certified B Corporation that offers a range of ethically produced pasture-raised foods nationwide, today announced the pricing of its initial public offering of 7,812,500 shares of its common stock at a price of $22.00 per share. The shares are expected to begin trading on the Nasdaq Global Select Market on July 31, 2020 under the ticker symbol “VITL.” The offering is expected to close on August 4, 2020, subject to the satisfaction of customary closing conditions.Vital Farms is offering 5,040,323 shares of common stock and the selling stockholders named in the prospectus are offering 4,263,654 shares of common stock. Certain of the selling stockholders have also granted the underwriters a 30-day option to purchase up to an additional 1,395,596 shares...

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...

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...

**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...

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...

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.

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...