Day: August 13, 2020

VANCOUVER, British Columbia, Aug. 13, 2020 (GLOBE NEWSWIRE) — Glacier Media Inc. (“Glacier” or the “Company”) reported revenue and earnings for the period ended June 30, 2020.SUMMARY RESULTSSIGNIFICANT DEVELOPMENTS IN Q2 2020, OPERATING HIGHLIGHTS AND OUTLOOKImpact of COVID and Actions TakenThe Company’s consolidated revenues were off 32.1% for the quarter ending June 30, 2020, as compared to the same period in the prior year, as a result of the impact of the COVID pandemic, the resulting restrictions and cut-back in consumer and business activity.The decline in revenues resulted in a $2.6 million EBITDA loss for the quarter before wage subsidies. The Company recorded wage subsidies from the Canadian Emergency Wage Subsidy (“CEWS”) of $8.8 million for the quarter. Subsequent to quarter end, the federal government announced that the...

TORONTO, Aug. 13, 2020 (GLOBE NEWSWIRE) — Canadian GoldCamps Corp. (formerly Supreme Metals Corp.) (“Canadian GoldCamps”, or the “Company”) (CSE: CAMP) (FSE: A68) is pleased to announce that in connection with the change in corporate strategy announced on July 24, 2020, Alex Terentiew has been appointed as the President and CEO of the Company and David Garofalo has been appointed to the Board of Directors.“I am thrilled to be joining Canadian GoldCamps and given the opportunity to lead this company on its new path,” stated Alex Terentiew. “With strong shareholder support, a recently completed $3 million financing and a commitment to maximize shareholder value, I am excited to begin working with David Garofalo to build a Canadian-focused gold company. David’s 30 years of leadership experience in the mining industry is an invaluable...

TORONTO, Aug. 13, 2020 (GLOBE NEWSWIRE) — Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today the release of its unaudited interim condensed consolidated financial statements and accompanying management’s discussion and analysis (MD&A) for the three months ended March 31, 2020. All financial figures contained herein are expressed in U.S. dollars (“USD”) unless otherwise noted.Serafino Iacono, Executive Chairman of Gran Colombia, commenting on the Company’s latest results, said, “Our first quarter results continued to show strength, and that was when gold was more than $100 an ounce lower than where we are now. Quarterly revenue surpassed $100 million for the first time leading to adjusted EBITDA of $50 million. Operating cash flow and Free Cash Flow were up over 50% compared with the first quarter last year. The...

CALGARY, Alberta, Aug. 13, 2020 (GLOBE NEWSWIRE) — NXT Energy Solutions Inc. (“NXT” or the “Company”) (TSX:SFD; OTC QB:NSFDF) today announced the Company’s financial and operating results for the quarter ended June 30, 2020.  All dollar amounts are in Canadian Dollars unless otherwise stated.  Q2 Financial and Operating HighlightsKey financial and operational highlights for the second quarter include:An additional SFD® acquisition system consisting of eight new sensors was built and tested during the quarter which includes four cascade devices. NXT now has four SFD® systems which increases our operational readiness and reliability.R&D work focused on improving interpretation algorithms to increase efficiency of the interpretation process and transform the SFD® data to align more with the presentation of results...

WARRINGTON, Pa., Aug. 13, 2020 (GLOBE NEWSWIRE) — Windtree Therapeutics, Inc. (NASDAQ: WINT), a biotechnology and medical device company focused on developing drug product candidates and medical device technologies to address acute cardiovascular and pulmonary diseases, today reported financial results for the second quarter ended June 30, 2020 and provided key business updates. Key Business and Financial UpdatesCompleted an underwritten public offering of 3,172,413 units, offered at a price of $7.25 per unit, which included the full exercise of the underwriters’ over-allotment option. Each unit issued in the offering consisted of one share of common stock and one warrant to purchase one share of common stock at an exercise price of $7.975 per share. The gross proceeds to Windtree from this offering, including the over-allotment,...

Card Processing, PayFac, Prepaid all Show Growth in the Quarter, with Prepaid Tripling over last several monthsBalance Sheet StrengthensSAN ANTONIO, Aug. 13, 2020 (GLOBE NEWSWIRE) — Usio, Inc. (Nasdaq: USIO), an integrated electronic payment solutions provider, today announced financial results for the second quarter of 2020, which ended June 30, 2020.“We are entering the second half of 2020 in a strong position, as our business model has proven its resilience in one of the worst economic quarters in recent memory,” commented Louis Hoch, President and Chief Executive Officer of Usio. “Our Card Processing and Prepaid business revenues were up 4% and 58%, respectively in the quarter and as compared to the same period of 2019, reflecting the continued strong demand for our innovative payment solutions.  The performance of these...

Not for distribution to U.S. News wire services or dissemination in the U.S.VANCOUVER, British Columbia, Aug. 13, 2020 (GLOBE NEWSWIRE) — The Keg Royalties Income Fund (the “Fund”) (TSX: KEG.UN) is pleased to announce its financial results for the three months ended June 30, 2020 (the “quarter”) and for the six months ended June 30, 2020 (“YTD”).HIGHLIGHTSRoyalty Pool sales down 87.9% to $18.2M for the quarter and down 49.2% to $160.9M YTDKRL system sales down 87.9% to $18.8M for the quarter and down 49.7% to $162.9M YTDDistributable cash down 71.2% to 8.1 cents/Fund unit for the quarter and 28.2% to 44.7 cents/Fund unit YTDPayout ratio was 128.9% for the quarter and 86.9% YTDRoyalty Pool Sales reported by the 105 Keg restaurants in the Royalty Pool were $18,194,000 for the quarter, a decrease of $132,537,000 or 87.9% from the comparable...