Medexus Announces Move to a Virtual Meeting for 2020 AGM and Equity Incentive Grants

Written by Customer Service on August 24, 2020. Posted in Public Companies.

TORONTO and CHICAGO and MONTREAL, Aug. 24, 2020 (GLOBE NEWSWIRE) — Medexus Pharmaceuticals Inc. (the “Company” or “Medexus”) (TSXV: MDP, OTCQX: PDDPF) today announced that due to public health restrictions related to the COVID-19 pandemic, its annual general meeting (the “Meeting”) will be held virtually by live webcast.Details of the MeetingThe Meeting will be held virtually via live webcast at https://web.lumiagm.com/455381759 on Thursday, September 17, 2020 at 9:30 a.m. Eastern Time. Shareholders will have an opportunity to participate at the annual general meeting online regardless of their geographic location. The webcast will enable registered shareholders and duly appointed proxyholders to listen to the virtual meeting, ask questions and vote online, all in real time, provided they are connected to the Internet and properly...

Cequence Energy Announces Proposed Plan of Compromise and Arrangement and Meeting of Creditors

Written by Customer Service on August 24, 2020. Posted in Public Companies.

CALGARY, Alberta, Aug. 24, 2020 (GLOBE NEWSWIRE) — Cequence Energy Ltd. (“Cequence” or “the Company“) announces a recapitalization transaction (the “Restructuring Transaction”), to be implemented as a plan of compromise and arrangement (the “Plan”) under the Companies’ Creditors Arrangement Act (“CCAA”) that will allow Cequence to reduce its debt and interest costs and improve liquidity to fund future operations.In connection with the Plan, Cequence has entered into a restructuring support agreement (the “Support Agreement”) with certain lenders under the Company’s second lien senior secured $50.0 million term loan facility due October 3, 2023 (the “Term Loan“), as plan sponsors (collectively, the “Plan Sponsors”). Pursuant to the Support Agreement, the Plan Sponsors have, among other things, agreed to convert $17.9 million and...

Report on Financial Results for the Six Months Ended June 30, 2020

Written by Customer Service on August 24, 2020. Posted in Public Companies.

TORONTO, Aug. 24, 2020 (GLOBE NEWSWIRE) — Mitchell Cohen, Chief Executive Officer and President of Urbanfund Corp. (TSX-V: UFC) (“Urbanfund” or the “Company”), confirmed today that the Company has filed its financial statements for the six months ended June 30, 2020 (the “Consolidated Financial Statements”) and corresponding Management’s Discussion and Analysis (“MD&A”).BUSINESS OVERVIEW AND STRATEGYBusiness OverviewUrbanfund is an Ontario corporation listed on the TSX Venture Exchange (“TSX-V”) under the symbol UFC. The Company is a reporting issuer in Alberta, British Columbia and Ontario. Urbanfund’s focus is to invest in Canadian real estate and real estate related projects with a focus on a mix of both residential and commercial properties. The Company’s assets are located in Toronto, Brampton, Belleville, Kitchener, London,...

Dada Announces Unaudited Second Quarter 2020 Financial Results

Written by Customer Service on August 24, 2020. Posted in Public Companies.

SHANGHAI, China, Aug. 24, 2020 (GLOBE NEWSWIRE) — Dada Group (NASDAQ: DADA, “Dada” or the “Company”), China’s leading local on-demand delivery and retail platform, today announced its unaudited financial results for the second quarter ended June 30, 2020.Second Quarter 2020 HighlightsTotal net revenues were RMB1,323.0 million (US$187.3 million), an increase of 93.1% year over year.Number of orders delivered through Dada Now for the twelve months ended June 30, 2020 was 925.6 million, as compared with 561.6 million in the same period ended June 30, 2019.Total Gross Merchandise Volume (“GMV”) of JDDJ for the twelve months ended June 30, 2020 was RMB18.3 billion (US$2.6 billion), an increase of 98.1% year over year from RMB9.2 billion in the same period ended June 30, 2019.Number of active consumers on JDDJ for the twelve months ended...

Southside Bank to Open New Branch at The Domain in Austin

Written by Customer Service on August 24, 2020. Posted in Public Companies.

TYLER, Texas, Aug. 24, 2020 (GLOBE NEWSWIRE) — Southside Bancshares, Inc. (the “Company”) (NASDAQ:SBSI), the holding company of Southside Bank (the “Bank”), has announced a branch opening August 31, 2020 at The Domain in Austin, Texas. The new space located at 11815 Alterra Pkwy., Ste. 100 is a relocation of the Bank’s branch on North Mopac Expressway which will close on August 28, 2020 at 5pm.“We are thrilled to open our branch at The Domain and establish a presence in this thriving hub of Austin,” said Lee R. Gibson, President and Chief Executive Officer of Southside Bancshares, Inc. “We look forward to increasing our visibility in Central Texas and continuing to build strong relationships through our commitment to serving customers and the community.”In addition to The Domain location, Southside Bank operates a branch located...

Hubbell Board Elects New Director

Written by Customer Service on August 24, 2020. Posted in Public Companies.

Shelton, CT, Aug. 24, 2020 (GLOBE NEWSWIRE) — The Board of Directors of Hubbell Incorporated (NYSE: HUBB) announces the election of Jennifer M. Pollino as a Director of the company effective immediately.Hubbell’s Chairman and Chief Executive Officer, Mr. David G. Nord, said “We’re excited to welcome Jennifer to our Board. Her broad experience and acumen in the areas of finance, operations and compensation coupled with her public company board experiences make her a real asset to Hubbell. The Board looks forward to the insights and perspective she will bring and looks forward to working with her.”Ms. Pollino runs the consulting and executive coaching firm JMPollino LLC, which she founded after her retirement as an executive of Goodrich Corporation in 2012. At Goodrich, she served in leadership roles in finance, human resources and...

21Vianet Announces Launch of Proposed Follow-on Offering of 17,000,000 American Depositary Shares

Written by Customer Service on August 24, 2020. Posted in Public Companies.

BEIJING, Aug. 24, 2020 (GLOBE NEWSWIRE) — 21Vianet Group, Inc. (“21Vianet” or the “Company”) (Nasdaq: VNET), a leading carrier-neutral and cloud-neutral data center services provider in China, today announced that it intends to offer and sell 17,000,000 American depositary shares (“ADSs”), each representing six of its Class A ordinary shares (the “Proposed Offering”), subject to market and other conditions, in an underwritten public offering. The underwriters will have a 30-day option to purchase up to an aggregate of 2,550,000 additional ADSs from 21Vianet.21Vianet expects to use approximately 80% of the net proceeds from this offering to expand the Company’s data center infrastructure by organic growth and strategic acquisitions; and the remaining for research and development and other general corporate purposes including debt repayment.Credit...

UMH PROPERTIES, INC. TO RING THE NYSE OPENING BELL WITH THE FEDERAL NATIONAL MORTGAGE ASSOCIATION AND WELLS FARGO BANK

Written by Customer Service on August 24, 2020. Posted in Public Companies.

FREEHOLD, NJ, Aug. 24, 2020 (GLOBE NEWSWIRE) — UMH Properties, Inc. (NYSE:UMH) announced today that it will ring the New York Stock Exchange (NYSE) Opening Bell on Tuesday, August 25, 2020, in celebration of the closing of our innovative credit facility which will further our mission of providing quality affordable housing.Samuel A. Landy, President and Chief Executive Officer commented, “Our recent credit facility with Fannie Mae and Wells Fargo underscores our collective effort in providing quality affordable housing through manufactured home communities. We are honored to commemorate this commitment with Fannie Mae and Wells Fargo Bank by ringing the Opening Bell at the New York Stock Exchange.”UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 123 manufactured home communities...

Hexagon Composites ASA: Private placement successfully completed

Written by Customer Service on August 24, 2020. Posted in Public Companies.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.Reference is made to the stock exchange release from Hexagon Composites ASA (“Hexagon” or the “Company”) published on 24 August 2020 regarding a contemplated private placement and intention to spin off and list Hexagon Purus.The Company announces that it has raised approximately NOK 907 million in gross proceeds through a private placement (the “Private Placement”) of 18,329,064 new shares (the “New Shares”),...

Robex Resources Inc.: the Nampala Mine Continues its Growth Despite COVID-19

Written by Customer Service on August 24, 2020. Posted in Public Companies.

QUEBEC CITY, Aug. 24, 2020 (GLOBE NEWSWIRE) — Robex Resources Inc. (“Robex” or “the Company”) (TSXV: RBX/FWB: RB4) is pleased to report financial results for the quarter ending June 30, 2020.All amounts presented are in Canadian dollars (CAD).Highlights of the second quarter of 2020:GOLD PRODUCTION INCREASED BY 15% Gold production reached 13,921 ounces compared to 12,089 ounces during the same period in 2019. The 13% increase in the ore processed at the Nampala plant (456,091 tonnes vs. 402,678 tonnes for the second quarter of 2019) and the improved recovery rate (89.5% vs. 86.6% for the same period in 2019) are factors responsible for the industrial production performance. FOR FINANCIAL SECURITY PURPOSES, TEMPORARY HOLDING OF PART OF THE QUARTERLY PRODUCTION IN GOLD INGOTS Robex decided to temporarily hold part of the gold produced...

Day: August 24, 2020

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