Month: July 2020

Second Quarter Summary• Net income of $2.7 million, down $0.2 million, compared to $2.9 million in second quarter of 2019• Diluted earnings per share of $0.58, down $0.04, compared to $0.62 in second quarter of 2019• Gain on sales of loans of $2.4 million, up $1.8 million from $0.6 million in second quarter of 2019• Provision for loan losses of $0.3 million, up $1.4 million from ($1.1) million in second quarter of 2019• Net interest margin of 3.57%, down 78 basis points from 4.35% for second quarter of 2019Year to Date Summary• Net income of $4.1 million, down $0.4 million, compared to $4.5 million in first six months of 2019                 • Diluted earnings per share of $0.88, down $0.09, compared to $0.97 in first six months of 2019• Gain on sales of loans of $3.5 million, up $2.5 million from $1.0 million in first six months of 2019•...

WAYZATA, Minn., July 20, 2020 (GLOBE NEWSWIRE) — Trean Insurance Group, Inc. (Nasdaq: TIG) today announced the closing of its initial public offering of 10,714,286 shares of common stock. Trean also announced the exercise by the underwriters of their overallotment option to purchase an additional 1,207,142 shares of common stock. The overallotment closing is expected to occur on July 22, 2020, subject to customary closing conditions.In total, Trean issued and sold 7,142,857 shares of common stock and the selling stockholders sold 4,778,571 shares, including the additional 1,207,142 shares sold by certain of the selling stockholders pursuant to the underwriters’ overallotment option. Trean will not receive any proceeds from the sale of shares by the selling stockholders.J.P. Morgan, Evercore ISI and William Blair acted as joint book-running...

TORONTO, July 20, 2020 (GLOBE NEWSWIRE) — Q-Gold Resources Ltd (TSXV: QGR) (“Q-Gold” or the “Company”) is pleased to announce that it has entered into an acquisition agreement dated July 16, 2020 to indirectly acquire an option agreement to earn a 100% interest (the “Acquisition”) in the Surupana Silver Property (the “Surupana Property”), covering the historical Surupana Silver Mining Camp, located in central Puno province of southern Peru.  The project’s main Surupana Bowl Zone, where sporadic small scale surface pitting & underground mining, carried out during the 1960s to late 1970s focused on high grade silver, copper and lead mineralization.Surupana Silver Property3,306 hectare property, covering the historic Surupana Silver Mining Camp, with no modern drill testing;Proximal to Bear Creek Mining’s Corani bulk tonnage Silver-Lead-Zinc...

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESVANCOUVER, British Columbia, July 20, 2020 (GLOBE NEWSWIRE) — AURCANA CORPORATION (“Aurcana” or the “Company“) (TSXV: AUN) is pleased to announce the previously announced (July 14, 2020) private placement offering (the “Private Placement”) of Units (as defined below) is oversubscribed and, subject to TSX.V approval, increased to 24,491,400 Units with gross proceeds of C$12,245,700. Aurcana closed on the sale of 21,789,400 Units in the first tranche of the Private Placement (the “First Closing”) for gross proceeds of C$10,894,000.  Palisades Goldcorp Ltd, on behalf of itself and a syndicate of strategic investors completed a lead order of $2.0 million. This lead order is Palisades Goldcorp’s third participation as an Aurcana...

Tampa, FL, July 20, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — REMSleep Holdings, Inc. (OTC PINK: RMSL) has now completed the new women’s version of Deltawave and plans to submit for 510K approval for its new women’s version. The company also has a new 6 ft CPAP hose (circuit) which is the most flexible and user friendly 6 ft CPAP hose on the market.  The hose is flexible to the point it literally can be tied in knots.  Available CPAP tubing is relatively stiff and annoying for CPAP users.  This new tubing will be a welcome change for CPAP users. It will greatly improve patients’ CPAP experience.  Remsleep has also produced a new and improved head gear for its CPAP interfaces.  The new head gear is a great addition to the company’s product line. The company is still working through the regulatory process...

GUANGZHOU, China, July 20, 2020 (GLOBE NEWSWIRE) — Burning Rock Biotech Limited (NASDAQ: BNR) today announced that it plans to release its unaudited financial results for the second quarter of 2020 before the U.S. market opens on August 11, 2020. Following the release, company management will host a conference call at 8:00 a.m. ET (8:00 p.m. Hong Kong time) the same day to discuss financial results.Details of the conference call are as follows:A replay of the second quarter 2020 conference call will be available for two weeks (dial-in number: +61 2 8199 0299; same conference ID as shown above).Please visit the company’s investor relations website at https://ir.brbiotech.com/news-events/news-releases on August 11, 2020 to view the earnings release prior to the conference call.About Burning RockBurning Rock Biotech Limited (NASDAQ:...

New York, July 20, 2020 (GLOBE NEWSWIRE) — Brilliant Acquisition Corporation (Nasdaq: BRLIU, the “Company”) announced today that, commencing on July 22, 2020, the holders of the 4,600,000 units sold in the Company’s initial public offering may elect to separately trade the ordinary shares, rights, and warrants included in the units. Units that are not separated will continue to trade on Nasdaq under the symbol “BRLIU” The ordinary shares, rights, and the warrants that are separated are expected to trade on Nasdaq under the symbols “BRLI,” “BRLIR,” and “BRLIW” respectively.The units were initially offered by the Company in an underwritten offering. EarlyBirdCapital, Inc., acted as sole book-running manager and I-Bankers Securities, Inc. acted as co-manager of the offering.Holders of units will need to have their brokers contact Continental...

WALL, N.J., July 20, 2020 (GLOBE NEWSWIRE) — BIO-key International, Inc. (NASDAQ: BKYI), an innovative provider of biometric authentication and security solutions, announced today the pricing of an underwritten public offering of 33,230,000 shares of its common stock (or pre-funded warrants to purchase common stock in lieu thereof) and common warrants to purchase up to an aggregate of 33,230,000 shares of the Company’s common stock.  Each share of common stock or pre-funded warrant is being sold together with one common warrant to purchase one share of common stock at a combined price to the public of $0.65 per share and common warrant.  Gross proceeds before deducting underwriting discounts, commissions and other offering expenses are expected to be $21.6 million.The common warrants will be immediately exercisable at a price of...

MELBOURNE, Australia, July 20, 2020 (GLOBE NEWSWIRE) — Genetic Technologies Limited (ASX: GTG; NASDAQ: GENE) (the “Company”), a leader in the development of genetic risk assessment tests, today announced the closing of its previously announced registered direct offering of 1,025,000 American Depositary Shares (“ADSs”), each representing six hundred (600) of the Company’s ordinary shares, at a purchase price of $5.00 per ADS for gross proceeds of approximately $5.1 million.H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.The Company intends to use the net proceeds from this offering to support the introduction and distribution of its new products in the United States, for general product research and development and reimbursement studies for polygenic risk tests with TGen in the United States, for...

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESTORONTO, July 20, 2020 (GLOBE NEWSWIRE) — CR Capital Corp. (TSX-V / CIT) (“CR Capital” or the “Company”) is pleased to announce that it has closed the first tranche (the “First Tranche”) of the non-brokered private placement previously announced (see news releases dated July 2, 2020 and July 3, 2020) of a combination of flow-through units (“FT Units”) and hard-dollar units (“HD Units”) (the “Offering”). The Offering consists of the sale of up to $500,000 worth of HD Units offered at C$0.08 per HD Unit and up to $500,000 worth of FT Units offered at C$0.10 per FT Unit (inclusive of the Company’s over-allotment option for an additional 3,000,000 FT Units).Each FT Unit consists of one (1) common share of the Company that qualifies as a “flow-through...