FreightCar America, Inc. Reports Second Quarter 2020 Results

Written by Customer Service on August 10, 2020. Posted in Public Companies.

Provides second half fiscal 2020 outlook to deliver 750 to 1,000 railcarsAnnounces start of production at the Castaños, Mexico joint venture plantCHICAGO, Aug. 10, 2020 (GLOBE NEWSWIRE) — FreightCar America, Inc. (NASDAQ: RAIL) today reported results for the second quarter ended June 30, 2020.Business HighlightsSecond quarter revenue of $17.5 million on deliveries of 100 railcarsSecond quarter net loss of $12.8 million, or $0.97 per shareTotal cash, cash equivalents, restricted cash equivalents, marketable securities and restricted certificates of deposit of $52.4 million as of June 30, 2020Second quarter backlog totaled 1,839 railcars, with an aggregate value of approximately $207 millionStarted production at Castaños, Mexico joint venture facility in JulySecond half 2020 delivery outlook forecasted to range between 750 and 1,000...

Dorel Reports Strong Second Quarter

Written by Customer Service on August 10, 2020. Posted in Public Companies.

Dorel Sports posts record operating profitDorel Home records best ever quarter for revenueDorel Juvenile segment sales and earnings affected by protracted store closures in many marketsSignificant inventory and debt reductionsMONTREAL, Aug. 10, 2020 (GLOBE NEWSWIRE) — Dorel Industries Inc. (TSX: DII.B, DII.A) today announced results for the second quarter and six months ended June 30, 2020. Second quarter revenue was US$724.0 million, compared to US$670.0 million, up 8.1% from the same period a year ago. Reported net income was US$11.1 million or US$0.34 per diluted share, compared to US$2.8 million or US$0.09 per diluted share last year. Adjusted net income1 was US$15.6 million or US$0.48 per diluted share, compared to US$6.3 million or US$0.19 per diluted share last year.Revenue for the six months was flat at US$1.3 billion....

Transocean Ltd. Announces Exchange Offers and Consent Solicitations for certain Existing Notes

Written by Customer Service on August 10, 2020. Posted in Public Companies.

STEINHAUSEN, Switzerland, Aug. 10, 2020 (GLOBE NEWSWIRE) — Transocean Ltd. (NYSE: RIG) announced today that Transocean Inc., its wholly-owned subsidiary (collectively with Transocean Ltd., “Transocean”), has commenced exchange offers (the “Exchange Offers”) to exchange the existing notes listed below (the “Existing Notes”) for up to an aggregate principal amount of $750,000,000 (subject to increase or decrease by Transocean Inc., the “Maximum New Notes Amount”) of the applicable series of new notes (the “New Senior Guaranteed Notes”) issued by Transocean Inc.The New Senior Guaranteed Notes will be guaranteed by Transocean Ltd. and three indirect holding company subsidiaries of Transocean Inc.: Transocean Mid Holdings 1 Limited (“Mid Holdings 1”), Transocean Mid Holdings 2 Limited (“Mid Holdings 2”) and Transocean Mid Holdings 3 Limited...

Transocean Ltd. Announces Additional Private Exchange Agreement Relating to Existing Exchangeable Bonds

Written by Customer Service on August 10, 2020. Posted in Public Companies.

STEINHAUSEN, Switzerland, Aug. 10, 2020 (GLOBE NEWSWIRE) — Transocean Ltd. (NYSE: RIG) (“Transocean”) announced today that it has executed an additional private exchange agreement relating to the 0.5% Exchangeable Bonds due 2023 (the “Existing Exchangeable Bonds”) issued by Transocean Inc., Transocean’s wholly-owned subsidiary.Pursuant to the additional private exchange agreement, Transocean Inc. agreed to exchange $40.9 million aggregate principal amount of its Existing Exchangeable Bonds for $24.6 million aggregate principal amount of new 2.5% Senior Guaranteed Exchangeable Bonds due 2027 (the “Senior Guaranteed Exchangeable Bonds”) to be issued by Transocean Inc. Collectively with its previously announced private exchange of Existing Exchangeable Bonds, Transocean Inc. has agreed to exchange $396.6 million aggregate principal amount...

UPDATE: Todos Medical Announces Common Stock Purchase Agreement with Lincoln Park Capital Fund, LLC

Written by Customer Service on August 10, 2020. Posted in Public Companies.

– Initial Investment of $275,000 followed by up to $10 Million commitment over 24-monthsREHOVOT, Israel, SINGAPORE and NEW YORK, Aug. 10, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Todos Medical Ltd. (OTCQB: TOMDF), an in vitro diagnostics company focused on distributing comprehensive solutions for COVID-19 screening and diagnosis, and developing blood tests for the early detection of cancer and Alzheimer’s disease, today announced that it has entered into a purchase agreement and registration rights agreement (together the “Agreements”) with Lincoln Park Capital Fund, LLC (“Lincoln Park”), a Chicago-based institutional investor. Upon execution of the purchase agreement, Lincoln Park made an initial purchase of $275,000 of common stock at $0.08 per share. Dawson James Securities acted as placement agent for the transaction.In...

Hudson Resources Announces Grant of Stock Options

Written by Customer Service on August 10, 2020. Posted in Public Companies.

VANCOUVER, British Columbia, Aug. 10, 2020 (GLOBE NEWSWIRE) — HUDSON RESOURCES INC. (“Hudson” – TSX Venture Exchange “HUD”) has granted incentive stock options under the Company’s stock option plan to directors and employees to purchase a total of 4,280,000 shares at a price of $0.15 per share. The option price is at an approximate 50% premium to the 10-day volume traded weighted average of the stock on the TSX-V. The options are exercisable for a period of five years, subject to the policies of the TSX Venture Exchange.ON BEHALF OF THE BOARD OF DIRECTORS “Jim K Cambon” President and DirectorFor further information:Ph: 604-628-5002 or 604-505-2157jamescambon@gmail.comForward-Looking StatementsThis news release includes certain forward-looking statements or information. All statements other than...

Essential Energy Services Announces Second Quarter Financial Results

Written by Customer Service on August 10, 2020. Posted in Public Companies.

CALGARY, Alberta, Aug. 10, 2020 (GLOBE NEWSWIRE) — Essential Energy Services Ltd. (TSX: ESN) (“Essential” or the “Company”) announces second quarter results.INDUSTRY OVERVIEWIndustry drilling and well completion activity was significantly below the same prior year period due to the disruptive impact of the COVID-19 pandemic, low oil prices and drastic spending cuts by exploration and production (“E&P”) companies. From an oil perspective, the destructive impact of these factors caused the price of West Texas Intermediate (“WTI”) to go into negative pricing for some days in April 2020. While recovering somewhat in early May, WTI reached US$35 per barrel in early June and hovered between US$35 per barrel and US$40 per barrel for the remainder of the second quarter, a level considered uneconomic for capital spending by many Canadian...

Calibre Reports Second Quarter 2020 Financial and Operating Results

Written by Customer Service on August 10, 2020. Posted in Public Companies.

VANCOUVER, British Columbia, Aug. 10, 2020 (GLOBE NEWSWIRE) — August 10, 2020: Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (“Calibre” or the “Company”) announces financial and operational results for the three months ended June 30, 2020 (“Q2 2020”). Full Condensed Interim Consolidated Financial Statements and the Management Discussion & Analysis can be found at www.sedar.com and the Company’s website, www.calibremining.com. All figures are expressed in U.S. dollars.On March 25, 2020, the Company initiated a temporary suspension of operations related to the global pandemic. Following a 10-week suspension, the Company commenced a phased restart of operations around mid-June and returned to steady-state production levels during July 2020.Q2 2020 OVERVIEWProduced 6,010 ounces of gold and sold 9,426 ounces of gold Reported...

Firm Capital Mortgage Investment Corporation Announces August and September 2020 Dividends

Written by Customer Service on August 10, 2020. Posted in Public Companies.

TORONTO, Aug. 10, 2020 (GLOBE NEWSWIRE) — Firm Capital Mortgage Investment Corporation (the “Corporation”) (TSX: FC) is pleased to announce that its board of directors has declared a monthly cash dividend of $0.078 per common share (subject to adjustment in the discretion of the board of directors) payable on each date set out below to holders of common shares of record at the close of business on the corresponding record date set out below:The Corporation has in place a Dividend Reinvestment Plan (“DRIP”) and Share Purchase Plan (“Plan”) that is available to its shareholders. Shareholders are reminded that they can participate in the DRIP and the Plan. Participant shareholders pay no commission for common shares issued from treasury.DIVIDEND REINVESTMENT PLAN (DRIP)The DRIP allows participants to have their monthly...

GT Gold commences exploration drilling at Tatogga

Written by Customer Service on August 10, 2020. Posted in Public Companies.

VANCOUVER, British Columbia, Aug. 10, 2020 (GLOBE NEWSWIRE) — GT Gold Corp. (TSX-V:GTT) (the “Company” or “GT Gold”) is pleased to announce that, as of last Thursday, August 6, exploration drilling has commenced at the Company’s 100%-owned Tatogga property in northern British Columbia, Canada. The 2020 exploration program will comprise approximately 10,000 metres of diamond drilling, initially focused on testing new greenfield exploration targets in the Quash Pass area, where two large-scale anomalous trends and several adjacent individual targets have been identified. The Quash Pass target area is located approximately seven kilometres southwest of the known mineralization at Saddle North and Saddle South.The Company is committed to the protection of all employees and local communities. All work is conducted according to the Company’s...

Day: August 10, 2020

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