Month: August 2020

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...

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESTORONTO, Aug. 17, 2020 (GLOBE NEWSWIRE) — Americas Gold and Silver Corporation. the “Company”) (TSX: USA; NYSE: USAS) is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the “Underwriters”) co-led by Desjardins Capital Markets and Cormark Securities Inc. pursuant to which the Underwriters have agreed to purchase, on a bought‐deal basis, 6,477,000 common shares of the Company (“Shares”) at a price of C$3.86 per Share (the “Offering Price”) for aggregate gross proceeds to the Company of C$25.0 million (the “Offering”).The Underwriters have been granted an option (the “Over‐Allotment Option”), exercisable in whole or in part, at any time within 30 days following and including the closing of the...

TORONTO, Aug. 17, 2020 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX – CAR.UN) announced today its August 2020 monthly distribution in the amount of $0.11500 per Unit (or $1.38 on an annualized basis). The August distribution will be payable on September 15, 2020 to Unitholders of record on August 31, 2020.To encourage participation and reward our loyal Unitholders, investors registered in our Distribution Reinvestment Plan will continue to receive an additional amount equal to 5% of their distributions paid in the form of additional Units.CAPREIT is one of Canada’s largest real estate investment trusts. CAPREIT owns approximately 56,700 suites and sites, including townhomes and manufactured housing sites, in Canada and indirectly through its investment in ERES, approximately 5,600...

HONG KONG, Aug. 17, 2020 (GLOBE NEWSWIRE) — Futu Holdings Limited (“Futu” or the “Company”) (NASDAQ: FUTU), a leading one-stop financial technology platform in China, today announced the commencement of the offering of 9,500,000 American depositary shares (the “ADSs”), each representing eight Class A ordinary shares of the Company (the “ADS Offering”). The Company intends to grant the underwriters in the ADS Offering a 30-day option to purchase up to an additional 1,425,000 ADSs.Goldman Sachs (Asia) L.L.C., Credit Suisse Securities (USA) LLC, UBS Securities LLC and Haitong International Securities Company Limited are acting as joint bookrunners for the ADS Offering.The ADSs will be offered under the Company’s shelf registration statement on Form F-3 which was filed with the Securities and Exchange Commission (the “SEC”) and automatically...

TORONTO, Aug. 17, 2020 (GLOBE NEWSWIRE) — Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL)(ASX:KLA) today announced that the Company and its wholly-owned indirectly held subsidiary St Andrew Goldfields Ltd. have entered into a strategic alliance agreement (the “Agreement”) with Newmont Canada FN Holdings ULC (“Newmont”) with respect to exploration and development opportunities around the Company’s Holt Complex and Newmont’s properties in Timmins, Ontario.Under terms of the Agreement, Newmont will pay Kirkland Lake Gold US$75 million to acquire an option (the “Option”) on certain mining and mineral rights related to the Company’s Holt Mine property.   The Agreement also includes a commitment by the two companies to work together to identify additional regional exploration opportunities around their...

HOUSTON, Aug. 17, 2020 (GLOBE NEWSWIRE) — Penn Virginia Corporation (“Penn Virginia” or the “Company”) (NASDAQ:PVAC) today announced the concurrent retirement of John A. Brooks and appointment of Darrin J. Henke as President, Chief Executive Officer (“CEO”) and Director of the Company, effective immediately.“The Board is thankful for John’s years of service and leadership. He steadied us during a challenging period in the industry,” said Darin G. Holderness, Chairman of the Board of Directors. “Under his leadership, Penn Virginia implemented significantly improved drilling and completions operations and positioned us well for the future. He has been a tremendous asset to Penn Virginia, and we wish him the best in his future endeavors.”Mr. Holderness continued, “We are very pleased to have Darrin joining Penn Virginia as President,...