Day: August 11, 2020
MONTREAL, Aug. 11, 2020 (GLOBE NEWSWIRE) — IPL Plastics Inc. (“IPL Plastics”, “IPLP”, the “Group” or the “Company”) (TSX: IPLP) today reported financial results for the second quarter and six months ended June 30, 2020 (“Q2 2020” and “YTD 2020”, respectively).All financial information is in U.S. dollars unless otherwise noted. Certain metrics, including those expressed on an adjusted basis, are non-IFRS measures. See “Non-IFRS Financial Measures” below.Results for Q2 2020, as measured by Adjusted EBITDA, while negatively impacted by COVID-19, demonstrate a solid overall performance given the wider economic backdrop. YTD 2020 performance is in line with YTD 2019. Adjusted EBITDA margin has continued to improve, increasing from 16.9% in Q2 2019 to 17.5% in Q2 2020. Strong liquidity is in place to support the business. Q2 2020 Key...
Plastiques IPL Inc. annonce ses résultats financiers du deuxième trimestre de 2020
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MONTRÉAL, 11 août 2020 (GLOBE NEWSWIRE) — Plastiques IPL Inc. (« Plastiques IPL », « IPLP », le « Groupe » ou la « Société ») (TSX : IPLP) a annoncé aujourd’hui ses résultats financiers du deuxième trimestre et du semestre clos le 30 juin 2020 (le « T2 2020 » et le « premier semestre de 2020 »).Sauf indication contraire, toute l’information financière est présentée en dollars américains. Certaines mesures, y compris celles exprimées sur une base ajustée, ne sont pas conformes aux IFRS. Voir la rubrique « Mesures financières non conformes aux IFRS », plus loin.Les résultats du T2 2020, calculés selon le BAIIA ajusté, malgré l’incidence défavorable de la COVID‑19, reflètent une excellente performance globale compte tenu du fléchissement généralisé de l’économie. La performance du premier semestre de 2020 est similaire à celle du premier...
12 Exploration Commences Fully Funded Gold Exploration Program at the Nassau Gold Project in Suriname
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TORONTO, Aug. 11, 2020 (GLOBE NEWSWIRE) — Jon North, CEO of 12 Exploration Inc. (CSE: TWLV) (“12Ex”) operating through its wholly owned subsidiary 79North Ltd. (“79North”) is pleased to announce that gold exploration has commenced at the Nassau gold project in the Republic of Suriname. The Nassau gold project is a 20,000- hectare under explored property located 20 kilometres south of Newmont Corporation’s Merian gold mine and 60 kilometres east of Iamgold Corporation’s Rosebel gold mine. The Nassau project shares the same stratigraphy and structures as both the Rosebel and Merian gold mines and contains three large placer gold deposits plus an area of high grade surface rock samples that surround a central plateau where gold has been mined from alluvium for at least a century.2020 Preliminary Exploration Program Includes:86 kilometers...
Total Energy Services Inc. Announces Q2 2020 Results
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CALGARY, Alberta, Aug. 11, 2020 (GLOBE NEWSWIRE) — Total Energy Services Inc. (“Total Energy” or the “Company”) (TSX:TOT) announces its consolidated financial results for the three and six months ended June 30, 2020.Financial Highlights($000’s except per share data)Notes 1 through 4 please refer to the Notes to the Financial Highlights set forth at the end of this release.“nm” – calculation not meaningfulTotal Energy’s results for the three months ended June 30, 2020 reflect extremely challenging industry conditions in North America and relatively stable industry conditions in Australia. Included in the financial results for the three months ended June 30, 2020 was $30.5 million of incremental depreciation expense resulting from a change in depreciation estimates in the Contract Drilling Services (“CDS”) segment effective April...
Tesla Announces a Five-for-One Stock Split
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PALO ALTO, Calif., Aug. 11, 2020 (GLOBE NEWSWIRE) — Tesla, Inc. (“Tesla”) announced today that the Board of Directors has approved and declared a five-for-one split of Tesla’s common stock in the form of a stock dividend to make stock ownership more accessible to employees and investors. Each stockholder of record on August 21, 2020 will receive a dividend of four additional shares of common stock for each then-held share, to be distributed after close of trading on August 28, 2020. Trading will begin on a stock split-adjusted basis on August 31, 2020.Forward-Looking StatementsCertain statements, including, without limitation, statements regarding the expected timing and impact of the stock dividend are “forward-looking statements” that are subject to risks and uncertainties. These forward-looking statements are based on management’s...
Brompton Funds Provides Update on Dividend Growth Split Corp. and Global Dividend Growth Split Corp.
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TORONTO, Aug. 11, 2020 (GLOBE NEWSWIRE) — (TSX: DGS, DGS.PR.A, GDV, GDV.PR.A) Investors and investment advisors are invited to listen to an update presentation on Dividend Growth Split Corp. (“DGS”) and Global Dividend Growth Split Corp. (“GDV”) hosted by Chief Investment Officer, Laura Lau of Brompton Funds. Laura provides an update on the portfolios and market outlook. Brompton believes that Canadian and global stocks are undervalued and historically dividend growers have outperformed the broader market with lower volatility. The presentation recorded on August 10, 2020 has been posted to the Brompton Funds website at the following link:Dividend Growth Split UpdateDGS invests in a portfolio consisting primarily of equity securities of large capitalization Canadian dividend growth companies. In addition, DGS may hold up to 20%...
Pacific Biosciences of California, Inc. Announces Proposed Public Offering of Common Stock
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MENLO PARK, Calif., Aug. 11, 2020 (GLOBE NEWSWIRE) — Pacific Biosciences of California, Inc. (Nasdaq: PACB) today announced that it intends to offer and sell $75.0 million of shares of its common stock in an underwritten public offering. Pacific Biosciences also intends to grant the underwriters a 30-day option to purchase up to an additional $11.25 million of shares of its common stock at the public offering price, less underwriting discounts and commissions. The offering is subject to market and other conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Morgan Stanley & Co. LLC and Cowen and Company, LLC are acting as joint book-running managers for the offering. Cantor Fitzgerald & Co. is also acting as a book-running manager...
Supernus Announces Preliminary Second Quarter 2020 Revenue
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Second quarter total revenue is estimated to be $126.7 million, a 21% increase over 2019Net product sales of Trokendi XR® and Oxtellar XR® are estimated to be $113.4 million, an 11% increase over 2019Completed acquisition of CNS portfolio of US WorldMeds on June 9, 2020Management to host a conference call and webcast to review full second quarter 2020 results on Wednesday, August 19, 2020 at 9:00 a.m. ETROCKVILLE, Md., Aug. 11, 2020 (GLOBE NEWSWIRE) — Supernus Pharmaceuticals, Inc. (Nasdaq: SUPN), a pharmaceutical company focused on developing and commercializing products for the treatment of central nervous system (CNS) diseases, today reported preliminary, unaudited revenue and net product sales for the second quarter of 2020.Preliminary second quarter 2020 revenue consisted of net product sales of $124.0 million and royalty revenue...
UPDATE – Sprout Social Investor Conferences
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CHICAGO, Aug. 11, 2020 (GLOBE NEWSWIRE) — Sprout Social, Inc. (“Sprout Social” or the “Company”) (Nasdaq: SPT), an industry-leading provider of cloud-based social media management software, today announced that management no longer plans to present at the Canaccord Genuity 40th Annual Growth Conference on Wednesday, August 12, 2020 at 2:30 p.m. ET due to a change in management schedules related to the Company’s previously announced follow-on public offering of its Class A common stock (the “Offered Securities”) pursuant to a registration statement on Form S-1 filed with the Securities and Exchange Commission (the “SEC”).Chief Executive Officer and Co-Founder Justyn Howard, Chief Financial Officer Joe Del Preto and Senior Vice President of Global Sales Ryan Barretto will present at:KeyBanc Capital Markets’ Future of Technology Series...
Wesdome Announces 2020 Second Quarter Financial Results
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TORONTO, Aug. 11, 2020 (GLOBE NEWSWIRE) — Wesdome Gold Mines Ltd. (TSX: WDO) (“Wesdome” or the “Company”) today announces second quarter (“Q2 2020”) financial results. All figures are stated in Canadian dollars unless otherwise noted.Mr. Duncan Middlemiss, President and CEO commented, “During Q2, Wesdome generated operating cash flow of $30.2 million or $0.22 per share and free cash flow of $17.7 million, net of an investment of $6.0 million in Kiena, or $0.13 per share, ending the quarter with a cash position of $66.7 million (Q1 2020: $49.4 million). Cash costs for the quarter were $882 per ounce (US: $637) and All-in sustaining costs were $1,218 per ounce (US $879) a 21% and 14% decrease respectively over Q1 2020.With H1 2020 total gold production of 50,264 ounces at an average grade of 15.8 grams per tonne at the Eagle River...