Day: August 6, 2020
CALGARY, Alberta, Aug. 06, 2020 (GLOBE NEWSWIRE) — Brookfield Residential Properties Inc. (“Brookfield Residential” or the “Company”) has posted its 2020 second quarter results, including its interim report and corporate profile on the Company’s website at BrookfieldResidential.com.Current holders and beneficial owners of, and prospective investors in, Brookfield Residential’s debt securities, securities analysts, market makers and other interested parties are invited to participate in the conference call on Friday, August 7, 2020 at 11:00 am (EST) to discuss the Company’s results of operations during the second quarter of 2020 and current business initiatives with members of senior management. To participate in the live conference call from North America, dial 1.800.319.4610 and if you reside outside of North America, dial 1.604.638.5340....
iSIGN Media Announces the Close of Its Previously Announced Shares for Debt Transaction
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TORONTO, Aug. 06, 2020 (GLOBE NEWSWIRE) — iSIGN Media Solutions Inc. (“iSIGN” or “Company”) (TSX-V: ISD) (OTC: ISDSF), a leading provider of interactive mobile proximity marketing and public security alert solutions announced it has received final approval from the necessary regulatory agency to close its previously announced debt settlement arrangement (“Arrangement”) with various companies and individuals.The Company has completed the Arrangement by issuing an aggregate of 11,457,788 common shares at a deemed price of $0.05 per share in settlement of debts owned of $572,890. Included in this transaction are various companies that are either wholly or partially owned and controlled by Josip Kozar, iSIGN’s Chief Executive Officer. Mr. Kozar is deemed to be a “related party”, as such term is defined in Multilateral Instrument 61-101...
McEwen Mining Reports Q2 2020 Results
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TORONTO, Aug. 06, 2020 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) today reported its second quarter (Q2) results for the period ended June 30th, 2020.Cash and working capital at June 30th, 2020 were $18.4 million and $25.5 million, respectively. Gold and silver production was adversely impacted by two factors: first, the temporary suspension of operations at all of our mines as a result of steps taken to stop the spread of COVID-19; and second, by operational issues. Production for Q2 was 15,700 gold ounces and 359,400 silver ounces, or 19,200 gold equivalent ounces (“GEOs”)(1) using the average gold:silver price ratio for the quarter of 104:1. A net loss of $19.8 million(2) in Q2, or $0.05 per share, compared to a net loss of $13.0 million, or $0.04 per share, in Q2 2019. On August 3rd, the New York Stock Exchange informed...
Bristow Group Reports First Quarter Fiscal Year 2021 Results
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HOUSTON, Aug. 06, 2020 (GLOBE NEWSWIRE) — Bristow Group Inc. (NYSE: VTOL) today reported net income attributable to the Company of $71.5 million, or $5.16 per diluted share, for its first quarter ended June 30, 2020 (“current quarter”) on operating revenues of $261.5 million compared to net income attributable to the Company of $291.7 million, or a loss of $1.26 per diluted share, for the quarter ended March 31, 2020 (“preceding quarter”) on operating revenues of $274.4 million. The net income in the preceding quarter resulted in a net loss per diluted share due to the dilutive effect of preferred stock; the preferred stock was eliminated upon closing of the Merger.After the closing of the business combination between Bristow Group Inc. and Era Group Inc. (the “Merger”) on June 11, 2020, the current quarter includes...
Sustainable Innovation & Health Dividend Fund Announces Exchange Ratios
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CALGARY, Alberta, Aug. 06, 2020 (GLOBE NEWSWIRE) — Middlefield Group, on behalf of Sustainable Innovation & Health Dividend Fund (the “Fund”), is pleased to announce the exchange ratios for the exchange offer by the Fund (the “Exchange Option”) being made under the final prospectus of the Fund dated July 23, 2020.The Fund’s investment objectives are to provide holders of units of the Fund (“Units”) with:stable monthly cash distributions, andenhanced long-term total return through capital appreciation of the Fund’s investment portfolio;through a diversified, actively managed portfolio comprised primarily of dividend paying securities of global technology and healthcare companies, including initially those which the advisor believes are positioned to benefit long-term from the trends and changing consumer behaviours...
VHUB Announces FINRA Approval for 1:200 Reverse Stock Split
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LAS VEGAS, Aug. 06, 2020 (GLOBE NEWSWIRE) — Vapor Hub International Inc. (OTC: VHUB) (the “Company”) today announced that FINRA has approved a reverse split of 1-for 200 of the issued and outstanding stock effective August 5, 2020 due to a delay in FINRA approval. A Certificate of Amendment to the company’s restated Certificate of Incorporation that gives effect to the reverse stock split effective August 5, 2020, has been filed with the Nevada Secretary of State. This reverse stock split will become effective at 5:00 p.m. Pacific Time on August 25, 2020. The Company’s common stock will begin trading on a split-adjusted basis on the Over the Counter Exchange (OTC) at market open on August 26, 2020.As a result of the reverse stock split, each 200 pre-split shares of common stock outstanding will automatically...
Firm Capital Mortgage Investment Corporation Announces Q2/2020 Results
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TORONTO, Aug. 06, 2020 (GLOBE NEWSWIRE) — Firm Capital Mortgage Investment Corporation (the “Corporation”) (TSX FC, FC.DB.E, FC.DB.F, FC.DB.G, FC.DB,H, FC.DB.I and FC.DB.J) released its financial statements for the three and six months ended June 30, 2020.INCOME
Nevada Copper Provides Operations Update, Announces Filing of Q2 2020 Financial Statements
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All dollar amounts are presented in United States Dollars unless otherwise noted.YERINGTON, Nev., Aug. 06, 2020 (GLOBE NEWSWIRE) — Nevada Copper Corp. (TSX: NCU) (“Nevada Copper” or the “Company’’) is pleased to provide an operations update including development progress and restart preparations at Pumpkin Hollow.Accelerated Mine Development and Restart PlanningThe Company is making significant progress and is on target to re-start copper production in August 2020, following the temporary suspension of copper production due to the impact of COVID-19:Mine Development: Multiple key milestones have been completed ahead of schedule on final configuration of the East Main Production Shaft, including:The main shaft has been sunk and lined to final depthPermanent production hoist systems have been installed and the headframe has been configured...
iRhythm Technologies Announces Second Quarter 2020 Financial Results
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SAN FRANCISCO, Aug. 06, 2020 (GLOBE NEWSWIRE) — In a release issued under the same headline earlier today by iRhythm Technologies, Inc. (NASDAQ: IRTC), please note that in the table of Condensed Consolidated Statements of Operations, the rows for “Net loss per common share, basic and diluted” and “Weighted-average shares, basic and diluted” were missing. The corrected release follows:iRhythm Technologies, Inc. (NASDAQ: IRTC), a leading digital health care solutions company focused on the advancement of cardiac care, today reported financial results for the three months ended June 30, 2020.Second Quarter 2020 SummaryRevenue of $50.9 million– 3% decrease compared to second quarter 2019– 20% decrease compared to first quarter 2020Gross margin was 69.6%– 560 basis point year-over-year contraction“Despite...
Reunion Gold Announces Closing of $6 Million Private Placement
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NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.LONGUEUIL, Quebec, Aug. 06, 2020 (GLOBE NEWSWIRE) — Reunion Gold Corporation (TSX-V: RGD) (“Reunion” or the “Company”) is pleased to announce that it has completed its previously announced non-brokered private placement and raised gross proceeds of $6.0 million through the issuance of 75,000,000 units (the “Units”) at $0.08 per Unit (the “Offering”). Each Unit consisted of one common share of the Company and one half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles its holder to acquire one common share of the Company at a price of $0.12 per share until August 6, 2022.Reunion has paid finders’ fees of C$350,400 in cash and issued a total of 4,192,000 finders compensation warrants exercisable at...