Month: August 2020

TORONTO, Aug. 07, 2020 (GLOBE NEWSWIRE) — Fura Gems Inc. (“Fura” or the “Company”) (TSXV: Fura, OTC: FUGMF and FRA: BJ43) is pleased to announce that it has entered into a share sale agreement (the “Share Sale Agreement”) through its wholly-owned Australian subsidiary, Capricorn Sapphire Pty Ltd (the “Capricorn”), with Mosley Mining Pty Ltd (the “Vendor”), pursuant to which the Company will acquire all of the issued and outstanding shares of Great Northern Mining Pty Ltd (the “Target”), a mining company located in Australia (the “Acquisition”). The assets of the Target consist of 73 mining leases (the “Tenements”), each located in Australia, as well as certain buildings, plants, fixtures, tools, and other equipment related to the Tenements.As consideration for the Acquisition, Fura agreed to pay A$2,987,933 (approximately C$2,860,632)...

TORONTO, Aug. 07, 2020 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) announced today its financial results for the three months and six months ended June 30, 2020 (“Q2 2020”).Q2 2020 HighlightsLower new investment volume was offset by lower repayments and higher renewals resulting in quarterly growth of the mortgage portfolio to $1,210.3 million in Q2 compared to $1,191.1 million in Q1 Maintained conservative portfolio risk position focused on income-producing commercial real estate92.1% of mortgage investment portfolio are first mortgages85.8% of mortgage investment portfolio is invested in cash-flowing properties68.7% weighted average loan-to-value7.1% quarterly weighted average interest rate on net mortgage investment Delivered adjusted net income and comprehensive income of $11.5 million and distributable...

TORONTO, Aug. 07, 2020 (GLOBE NEWSWIRE) — Datametrex AI Limited (the “Company” or “Datametrex”) (TSXV: DM, FSE: D4G, OTC: DTMXF) announces that it has entered into debt settlement agreements (the “Settlement Agreements”) with three certain arms-length creditors (the “Creditors”) to settle an aggregate of $189,240 in debt (the “Debt”) for services provided by the Creditors to the Company (the “Services”). In the settlement and satisfaction of the Debt in connection with the Services, the Company has agreed to issue to the Creditors an aggregate of 1,146,909 common shares in the capital of the Company (the “Debt Shares”) at a deemed issue price of $0.165 per Debt Share (the “Debt Settlement”).  The issuance of the Debt Shares is subject to the TSX Venture Exchange’s final approval.All Debt Shares issued in connection with the Debt...

TORONTO, Aug. 07, 2020 (GLOBE NEWSWIRE) — Cryptologic Corp. (“Cryptologic” or the “Company”) (CSE:CRY) today announces that, in order to conserve its cash while it considers acquisition opportunities or other strategic transactions, the Company (i) terminated the lease of its wholly-owned subsidiary, Crypto 205 Inc. (“Crypto 205”), at its cryptocurrency mining facility in Pointe-Claire, Quebec, effective July 31, 2020, and (ii) terminated the employment contracts of all of its employees, including Chief Executive Officer, John Kennedy FitzGerald, Chief Financial Officer, Joshua Lebovic and Chief Operating Officer, Paul Leggett, effective July 31, 2020.Mr. Fitzgerald and Mr. Lebovic will provide ongoing services to the Company, as Chief Executive Officer and Chief Financial Officer respectively, pursuant to part-time consulting arrangements.The...

WILMINGTON, Del., Aug. 07, 2020 (GLOBE NEWSWIRE) — Navient (Nasdaq: NAVI), a leader in education loan management and business processing solutions, announced that its board of directors approved a 2020 third quarter dividend of $0.16 per share on the company’s common stock.The third quarter 2020 dividend will be paid on September 18, 2020, to shareholders of record at the close of business on September 4, 2020.About NavientNavient (Nasdaq: NAVI) is a leading provider of education loan management and business processing solutions for education, healthcare, and government clients at the federal, state, and local levels. We help our clients and millions of Americans achieve success through technology-enabled financing, services, and support. Learn more at Navient.com.Contact:Media: Paul Hartwick, 302-283-4026, paul.hartwick@navient.comInvestors:...

WESTLAKE VILLAGE, Calif., Aug. 07, 2020 (GLOBE NEWSWIRE) — MannKind Corporation (Nasdaq: MNKD), a company focused on the development and commercialization of inhaled therapeutic products for patients with diabetes and orphan lung diseases, announced today that its Chief Executive Officer, Michael Castagna, PharmD, will participate in a Fireside Chat at the BTIG Virtual Biotechnology Conference 2020 on Tuesday, August 11, 2020 at 2:00 pm (ET). Interested parties can access a link to the live webcast of the presentation from the Events & Presentations section of the Company’s website at http://www.mannkindcorp.com. The webcast replay will remain available for 14 days following the live presentation.About MannKind CorporationMannKind Corporation (NASDAQ: MNKD) focuses on the development and commercialization of inhaled therapeutic...

DULUTH, Minn., Aug. 07, 2020 (GLOBE NEWSWIRE) — IKONICS Corporation (the “Company” or “IKONICS”) (Nasdaq:IKNX), a Duluth-based imaging technology company, announced second quarter 2020 earnings.  IKONICS recorded second quarter 2020 revenue of $2,572,000 compared to $4,596,000 in 2019, a decline of 44%. IKONICS posted a second quarter 2020 loss of $1,042,000, or $0.53 per diluted share, compared to a loss of $116,000, or $0.06 per diluted share, for the same period in 2019.  For the six months ended June 30, 2020, the Company realized a net loss of $0.82 per diluted share compared to a net loss of $0.29 per diluted share for the same period in 2019.Glenn Sandgren, IKONICS CEO stated, “The second quarter was unprecedented in many ways, and it created a multitude of challenges for IKONICS.  Most importantly, we implemented work rules...

NEW YORK, Aug. 07, 2020 (GLOBE NEWSWIRE) — Cornerstone Strategic Value Fund, Inc. (NYSE American: CLM) and Cornerstone Total Return Fund, Inc. (NYSE American: CRF), (individually the “Fund” or, collectively, the “Funds”), each a closed-end management investment company, announced that in keeping with each Fund’s previously adopted monthly distribution policy, each Fund is declaring the following distributions: Each Fund’s distribution policy provides for the resetting of the monthly distribution amount per share (“Distribution Amount”) annually, based on each Fund’s net asset value on the last business day of October and the annualized distribution percentage approved by the respective Board of Directors (individually the “Board”, or collectively, the “Boards”). Each Board previously announced the distribution percentage for the calendar...

CONCORD, Mass., Aug. 07, 2020 (GLOBE NEWSWIRE) — Technical Communications Corporation (NasdaqCM: TCCO) today announced its results for the quarter and nine months ended June 27, 2020. For the quarter ended June 27, 2020, the Company reported a net loss of $(482,000), or $(0.26) per share, on revenue of $599,000, compared to a net loss of $(326,000), or $(0.18) per share, on revenue of $1,234,000 for the quarter ended June 29, 2019. For the nine months ended June 27, 2020, the Company reported a net loss of $(1,324,000), or $(0.72) per share, on revenue of $1,987,000, compared to a net loss of $(401,000), or $(0.22) per share, on revenue of $4,275,000 for the quarter ended June 29, 2019. Carl H. Guild Jr., President and CEO of Technical Communications Corporation, commented, “As stated in our previous quarter’s earnings report, the...

COS COB, Conn., Aug. 07, 2020 (GLOBE NEWSWIRE) — Chicken Soup for the Soul Entertainment, Inc. (Nasdaq: CSSE), one of the largest operators of streaming advertising-supported video-on-demand (AVOD) networks, today announced that management will attend the 40th Annual Canaccord Genuity Global Growth Conference, which will be held virtually on August 11, 2020. Management will conduct virtual one-on-one and small group meetings throughout the day. Management is also scheduled to present on Wednesday, August 12 at 8:00 a.m. ET.ABOUT CHICKEN SOUP FOR THE SOUL ENTERTAINMENTChicken Soup for the Soul Entertainment, Inc. (Nasdaq: CSSE) operates streaming video-on-demand networks (VOD). The company owns a majority stake in Crackle Plus, a company formed with Sony Pictures Television, which owns and operates a variety of ad-supported and subscription-based...