Day: August 17, 2020

SAN JOSE, Calif., Aug. 17, 2020 (GLOBE NEWSWIRE) — As much of the state is enduring rolling power outages to ease demand on the electrical grid, California Water Service (Cal Water) is reassuring its customers that it is taking all possible steps to prevent any interruptions in water service due to the power outages.The utility has been installing permanent generators at critical stations over recent years and has positioned additional, portable backup generators at key stations to keep water flowing if power is interrupted. Cal Water is also monitoring local water system levels and has activated its Emergency Operations Center to help mobilize extra personnel needed to support any district.Because delivering water requires a significant amount of electricity, Cal Water is also urging customers to conserve water during this time...

HOUSTON, Aug. 17, 2020 (GLOBE NEWSWIRE) — Targa Resources Partners LP (“Targa Resources Partners” or the “Partnership”), a subsidiary of Targa Resources Corp. (NYSE:TRGP) announced today that its previously announced cash tender offer (the “Tender Offer”) to purchase any and all of its 6.750% senior notes due 2024 (the “2024 Notes”) expired at 5:00 p.m., New York City time, on August 17, 2020 (the “Expiration Time”). As of the Expiration Time, $262,131,000 aggregate principal amount of the 2024 Notes (45.2%) were validly tendered, which excludes $14,143,000 aggregate principal amount of the 2024 Notes that remain subject to guaranteed delivery procedures. Targa Resources Partners expects to accept for payment all such 2024 Notes validly tendered and not validly withdrawn in the Tender Offer and expects to make payment for the 2024...

TORONTO, Aug. 17, 2020 (GLOBE NEWSWIRE) — BE Resources Inc. (TSXV: BER.H) (“BE Resources” or the “Company”) announces that has signed a non-binding letter of intent dated August 17, 2020 (the “LOI“) with Bio Graphene Solutions Inc. (“BGS“), a private company incorporated under the Canada Business Corporations Act (the “CBCA“), which sets forth the general terms and conditions of a proposed reverse takeover transaction (the “Acquisition“). In addition and in connection with the Proposed Transaction, the parties have agreed that as a condition of closing, BGS or the Company will complete a private placement of common shares for a minimum raise of C$600,000 at a price of at least $0.15 in accordance with subsection 4.2(h) of Policy 5.4 of the TSX Venture Exchange (the “Exchange“)...

Anaheim, CA, Aug. 17, 2020 (GLOBE NEWSWIRE) — LiveWire Ergogenics Inc. (OTC: LVVV), a company focused on acquiring and managing special purpose real estate properties conducive to producing the highest-quality, organically-grown and handcrafted cannabis products for medicinal and recreational use in California, today announced its financial results for Q2 ending June 30, 2020.During the quarter ending June 30, 2020, sales amounted to $180,500, an increase of of 28% over the previous quarter in 2020. Revenues in the first two quarters of 2020 do not reflect revenues generated through GHC Ventures. The three and six months revenue for 2019 has been adjusted retroactively to $17,980 to reflect that revenues for GHC Ventures are not being recognized in our financial reporting based on the sale of GHC Ventures, and its treatment as a...

TORONTO, Aug. 17, 2020 (GLOBE NEWSWIRE) — INV Metals (“INV Metals” or “Company”) (TSX: INV) provides an update on corporate matters. INV Metals holds a 100% interest in the Loma Larga gold-copper-silver property (“Loma Larga” or “Project”), located in Ecuador.Ms. Candace MacGibbon, CEO, stated, “It is with deep sadness that we report the passing of Mr. James (Jim) Clucas, co-founder and director of INV Metals. Jim was passionate about the mining industry and held directorships in many junior mining companies pursuing his love of the business. Mr. Clucas was CFO of Inco Limited’s Canadian operations until 1984 and was involved in the development of several mineral deposits, including the Snow Lake Mine, Montana Tunnels and the Fenix Project. The Board of Directors would like to extend our sincere condolences...

NEW YORK, Aug. 17, 2020 (GLOBE NEWSWIRE) — Xcel Brands, Inc. (NASDAQ: XELB) (“Xcel” or the “Company”), a media and consumer products company, today announced that it will report its second quarter 2020 financial results after the market closes on August 20, 2020. The Company will hold a conference call with the investment community at 5:00 p.m. Eastern Time that day. The earnings release was rescheduled from the original date of August 18, 2020.A webcast of the conference call will be available live on the Investor Relations section of Xcel’s website at https://www.xcelbrands.com/. Interested parties unable to access the conference call via the webcast may dial 877-407-3982. A replay of the conference call will be available on the Company website for approximately two weeks following the event and can be accessed at 844‑512‑2921...

TORONTO, Aug. 17, 2020 (GLOBE NEWSWIRE) — Platinex Inc. (CSE: PTX) (the “Company” or “Platinex“) is pleased to announce that Mr. Graham Warren has been appointed as Chief Financial Officer and Corporate Secretary of the Company, effective today, and that Mr. Carmelo Marrelli has resigned, effective today.  Ms. Lori Paradis, is assuming the role of Assistant Secretary.Mr. Warren is a Chartered Professional Accountant specializing in resource-focused, operations and finance. Mr. Warren has accumulated extensive experience working as CFO and Director of TSX Venture Exchange and CSE listed resource companies.He has been involved in numerous financings and M&A transactions for both private and public companies and has guided several companies through the going public process. Mr. Warren has had extensive...

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESVANCOUVER, British Columbia, Aug. 17, 2020 (GLOBE NEWSWIRE) — Brachium Capital Corp. (TSXV: BRAC.P) (“Brachium“) and WeCommerce Holdings Ltd. (“WeCommerce” or the “Corporation”) are pleased to announce that they have entered into a binding letter of intent dated August 17, 2020 (the “Letter of Intent“), which outlines the terms and conditions pursuant to which Brachium and the Corporation will complete a transaction that will result in a reverse take-over of Brachium by the Corporation (the “Proposed Transaction“). The Proposed Transaction will be an arm’s length transaction, and, if completed, will constitute Brachium’s “Qualifying Transaction” (as such term is defined in Policy 2.4...

As previously announced, Icelandair Group is preparing a public offering of shares in the Company. The timeline for the offering of shares has been adjusted and the offering will be held in September, conditioned upon the approval of shareholders’ meeting in order to renew the authority to increase the Company’s share capital. Thus, the Company will call a new shareholders’ meeting in the upcoming days. Additionally, it is expected that a proposal will be submitted regarding the authority of the board of directors to issue warrants, which will be stapled to new shares issued following the upcoming share offering, amounting to 25% of the nominal value of the total shares issued. Rights according to the warrants could be exercised in separate steps for up to two years in accordance with further terms decided upon by the board of directors.The...

Kansas City, MO, Aug. 17, 2020 (GLOBE NEWSWIRE) — Northern Genesis Acquisition Corp. (the “Company”) announced today that it priced its initial public offering of 30,000,000 units at $10.00 per unit. The units will be listed on the New York Stock Exchange (“NYSE”) and will begin trading tomorrow, Tuesday, August 18, 2020, under the ticker symbol “NGA.U”. Each unit consists of one share of the Company’s common stock and one-half of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one share of common stock at a price of $11.50 per share. Only whole warrants are exercisable.  Once the securities comprising the units begin separate trading, the common stock and warrants are expected to be listed on the NYSE under the symbols “NGA” and “NGA WS,” respectively.The Company is a blank check company formed...