Month: August 2020

WAYZATA, Minn., Aug. 20, 2020 (GLOBE NEWSWIRE) — Trean Insurance Group, Inc. (Nasdaq: TIG), a leading provider of products and services to the specialty insurance market, announced today that it will release its 2020 second quarter results after the market closes on Thursday, August 27, 2020.A webcast and conference call to discuss the Company’s results will be held that day beginning at 5:00 p.m. (Eastern Time). The audio webcast is accessible through the investor relations section of the Company’s website at https://investors.trean.com.The dial-in number for the conference call is (833) 519-1344 (toll-free) or (914) 800-3906 (international), conference ID# 2439999.  Any person interested in listening to the call should dial in or access the website at least 10 minutes before the call.ReplayA replay of the call will be available...

MILWAUKEE, Aug. 20, 2020 (GLOBE NEWSWIRE) — Koss Corporation (NASDAQ SYMBOL: KOSS), the U.S. based high-fidelity headphone company, has reported its fourth quarter results for the quarter ended June 30, 2020.Sales for the fourth quarter were $3,948,967, which is a 31.7% decrease from sales of $5,785,784 for the same three month period one year ago. The three month net income was $158,239, compared to net income of $23,388 for the fourth quarter last year. Diluted and basic income per common share for the quarter was $0.02 compared to diluted and basic income per common share of $0.00 for the three month period one year ago.“We experienced lower sales in the quarter as retail in the US and Europe struggled to rebound from the negative impact of the COVID-19 pandemic,” Michael J. Koss, Chairman and CEO, said today. “Communications...

HOUSTON, Aug. 20, 2020 (GLOBE NEWSWIRE) — Epsilon Energy Ltd. (“Epsilon” or the “Company”) (NASDAQ: EPSN) today announced Michael Raleigh, CEO will participate in the virtual Midwest IDEAS Investor Conference on August 27, 2020. EPSN’s presentation is scheduled to be available at 8:00 am CST on August 27th on the company’s website: http://www.EPSILONENERGYLTD.com. The presentation will also be webcasted and can be accessed through the conference website, www.IDEASconferences.com.About Epsilon

TORONTO, Aug. 20, 2020 (GLOBE NEWSWIRE) — Pelangio Exploration Inc. (PX: TSX-V; OTC PINK: PGXPF) (“Pelangio” or the “Company”) is pleased to announce that its Board of Directors (“Board”) has appointed Mr. James Hannon and Mr. Albert (“Al”) Gourley as Directors of the Company effective immediately.Al Gourley is the London Managing Partner of Fasken Martineau, an international law firm, where his practice focuses on finance and asset transactions in the natural resource industry. Mr. Gourley has served as a director of several TSX, TSX-V and AIM-listed mining and mineral exploration companies, including a company that discovered the Ahafo Mine in Ghana before being acquired by Newmont. Al has direct mining industry experience having worked for the Noranda Group (1992 to 1995) and having served as CEO of an AIM-listed industrial mineral...

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESTORONTO, Aug. 20, 2020 (GLOBE NEWSWIRE) — QuestCap Inc. (“QuestCap”) (CSE:QSC; FRA:34C1) is pleased to announce that it has increased the size of its previously announced private placement financing from $2.5 million to up to $4.5 million.  The Company will now issue up to 22,500,000 units of the Company at a purchase price of $0.20 per unit.  Each unit consists of one common share of the Company (a “Share”) and one common share purchase warrant (a “Warrant”).  Each Warrant entitles the holder thereof to acquire one Share at a price of $0.25 for a period of 24 months following the closing date. The Company previously announced that it has closed the first tranche of the private placement by issuing 7,755,500 units at a price of $0.20...

VANCOUVER, British Columbia, Aug. 20, 2020 (GLOBE NEWSWIRE) — Calibre Mining Corp. (“Calibre” or the “Company”)(TSX: CXB; OTCQX: CXBMF) is pleased to announce the closing of the transaction with IAMGOLD Corporation (“IAMGOLD”) pursuant to which Calibre has acquired IAMGOLD’s 70% interest in the Eastern Borosi Gold-Silver Property (the “Property” or “EBP”) located in northeastern Nicaragua (the “Transaction”). Consideration for IAMGOLD’s 70% interest in the EBP is payable in the form of (i) 2,253,961 common shares of Calibre (US$3 million); (ii) US$1 million in cash payable on or before August 11, 2021; and (iii) a 2.0% Net Smelter Return royalty (the “NSR Royalty”) on future production from the Property (Calibre has the right to purchase 1.0% of the NSR Royalty for US$2 million and has a right of first refusal on the remaining 1.0%...

TORONTO, Aug. 20, 2020 (GLOBE NEWSWIRE) — POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; OTCQX: POETF), the designer and developer of the POET Optical Interposer and Photonic Integrated Circuits (PICs) for the data center and tele-communication markets, today reported its unaudited condensed consolidated financial results for the second quarter ended June 30, 2020. The Company’s financial results as well as the Management Discussion and Analysis have been filed on SEDAR. All financial figures are in United States dollars (“USD”) unless otherwise indicated.Second Quarter Financial (non-IFRS) and Recent Business Highlights:Announced a Letter of Intent (LOI) with Xiamen Sanan Integrated Circuit Co. Ltd (“Sanan IC”) on the formation of a joint venture valued at $50 million;Received and accepted as final payment...

ATHENS, Greece, Aug. 20, 2020 (GLOBE NEWSWIRE) — Performance Shipping Inc. (NASDAQ: PSHG), (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that on 19 August 2020, through a separate wholly-owned subsidiary, it signed a Memorandum of Agreement to sell the 2001-built Panamax container vessel, the M/V Domingo, to an unaffiliated third party for a sale price of US$5.6 million before commissions. The vessel was successfully delivered to her new owner today.Performance Shipping Inc.’s fleet now consists of four (4) Aframax tanker vessels.Commenting on the transaction, Mr. Andreas Michalopoulos, the Company’s Deputy Chief Executive Officer, Chief Financial Officer and Treasurer stated:“We are thrilled to announce the sale of the last remaining container ship in our fleet, which marks the...

Aarhus, 20 August 2020During the first half of 2020 the Energi Danmark Group realised a profit before tax of DKK 130.6 million. This corresponds to a yearly return on equity before tax of 22%. The revenue of DKK 21.5 billion in the first half of 2020 is on the same level as the previous year.2020 was off to a challenging start with rapidly falling energy prices and the COVID-19 virus affecting the society and economy in all countries. In the 1st quarter of 2020 the sale of the subsidiary Energi Danmark Vind A/S was completed and recognized in the financial statement with an amount of DKK 147.7 million. The effect of the COVID-19 virus resulted in lower energy consumption than expected, especially in the 2nd quarter of 2020 on the German and Swedish markets, resulting in a loss for the Group. The 2020 half-year result is in line with the...

NOVA LIMA, Brazil and MINAS GERAIS, Brazil, Aug. 20, 2020 (GLOBE NEWSWIRE) — Afya Limited, or Afya (Nasdaq: AFYA) today announced it entered into a purchase agreement for the acquisition, through its wholly-owned subsidiary Afya Participações S.A., of 100% of the total share capital of Faculdade Ciências Médicas da Paraíba, or FCMPB.FCMPB is a post-secondary education institution with government authorization to offer on-campus, undergraduate courses in medicine in the State of Paraíba and medical course represents 99% of its 2019’s Net Revenue. The projected Net Revenue for FCMPB in 2024, when the institution will reach maturation, is R$107.0 million representing an estimated post synergies EV/EBITDA of 6.3x all derived from its medical school.The aggregate purchase price is R$380.0 million, of which: (i) 50% is payable in cash...