Month: August 2020

EBITDA1 of $43 million on Sales of $397 million Net Debt to Invested Capital1 of 22%; Liquidity of $497 millionChief Financial Officer AppointmentVANCOUVER, British Columbia, Aug. 06, 2020 (GLOBE NEWSWIRE) — INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) Interfor recorded net earnings in Q2’20 of $3.2 million, or $0.05 per share, compared to $6.3 million, or $0.09 per share in Q1’20 and a net loss of $11.2 million, or $0.17 per share in Q2’19.  Adjusted net earnings were $10.6 million in Q2’20 compared to $0.7 million in Q1’20 and an Adjusted net loss of $16.2 million in Q2’19.Adjusted EBITDA was $42.8 million on sales of $396.8 million in Q2’20 versus $36.6 million on sales of $479.6 million in Q1’20.Notable items in the quarter included:•  Strengthened Financial PositionNet debt ended the quarter at $239.1 million,...

ACHESON, Alberta, Aug. 06, 2020 (GLOBE NEWSWIRE) — ENTREC Corporation (“ENTREC” or the “Company”) has announced that it has obtained an extension of the stay period previously granted in an order from the Court of Queen’s Bench of Alberta (the “Court”) in support of its restructuring efforts under the Companies’ Creditors Arrangement Act (the “CCAA”). On May 15, 2020, ENTREC obtained an initial order (the “Initial Order”) from the Court commencing proceedings under the CCAA.  Pursuant to the Initial Order, among other things, a stay of proceedings was granted in respect of the Company and its subsidiaries to allow them to continue to operate their business without disruption while ENTREC pursues potential strategic and restructuring alternatives, which may include a sale, investment or other restructuring transaction under Court supervision...

BRIDGEWATER, N.J., Aug. 06, 2020 (GLOBE NEWSWIRE) — Osmotica Pharmaceuticals plc (Nasdaq: OSMT) (“Osmotica” or the “Company”), a fully integrated biopharmaceutical company, today announced that the Company will release its 2020 second quarter financial results on Tuesday, August 11, 2020, after the close of the U.S. financial markets.Brian Markison, Chief Executive Officer, James “JD” Schaub, Chief Operating Officer, and Andrew Einhorn, Chief Financial Officer, will host a conference call as follows:  About Osmotica Pharmaceuticals plcOsmotica Pharmaceuticals plc is a fully integrated biopharmaceutical company focused on the development and commercialization of specialty products that target markets with underserved patient populations. The company has a diverse portfolio consisting of four promoted products and approximately 30...

TORONTO, Aug. 06, 2020 (GLOBE NEWSWIRE) — iSIGN Media Solutions Inc. (“iSIGN” or “Company”) (TSX-V: ISD) (OTC: ISDSF), a leading provider of interactive mobile proximity marketing and public security alert solutions announced it has received final approval from the necessary regulatory agency to close its previously announced debt settlement arrangement (“Arrangement”) with various companies and individuals.The Company has completed the Arrangement by issuing an aggregate of 11,457,788 common shares at a deemed price of $0.05 per share in settlement of debts owned of $572,890.  Included in this transaction are various companies that are either wholly or partially owned and controlled by Josip Kozar, iSIGN’s Chief Executive Officer.  Mr. Kozar is deemed to be a “related party”, as such term is defined in Multilateral Instrument 61-101...

TORONTO, Aug. 06, 2020 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) today reported its second quarter (Q2) results for the period ended June 30th, 2020.Cash and working capital at June 30th, 2020 were $18.4 million and $25.5 million, respectively. Gold and silver production was adversely impacted by two factors: first, the temporary suspension of operations at all of our mines as a result of steps taken to stop the spread of COVID-19; and second, by operational issues. Production for Q2 was 15,700 gold ounces and 359,400 silver ounces, or 19,200 gold equivalent ounces (“GEOs”)(1) using the average gold:silver price ratio for the quarter of 104:1. A net loss of $19.8 million(2) in Q2, or $0.05 per share, compared to a net loss of $13.0 million, or $0.04 per share, in Q2 2019. On August 3rd, the New York Stock Exchange informed...

HOUSTON, Aug. 06, 2020 (GLOBE NEWSWIRE) — Bristow Group Inc. (NYSE: VTOL) today reported net income attributable to the Company of $71.5 million, or $5.16 per diluted share, for its first quarter ended June 30, 2020 (“current quarter”) on operating revenues of $261.5 million compared to net income attributable to the Company of $291.7 million, or a loss of $1.26 per diluted share, for the quarter ended March 31, 2020 (“preceding quarter”) on operating revenues of $274.4 million.  The net income in the preceding quarter resulted in a net loss per diluted share due to the dilutive effect of preferred stock; the preferred stock was eliminated upon closing of the Merger.After the closing of the business combination between Bristow Group Inc. and Era Group Inc. (the “Merger”) on June 11, 2020, the current quarter includes...

LAS VEGAS, Aug. 06, 2020 (GLOBE NEWSWIRE) — Vapor Hub International Inc. (OTC: VHUB) (the “Company”) today announced that FINRA has approved a reverse split of 1-for 200 of the issued and outstanding stock effective August 5, 2020 due to a delay in FINRA approval. A Certificate of Amendment to the company’s restated Certificate of Incorporation that gives effect to the reverse stock split effective August 5, 2020, has been filed with the Nevada Secretary of State. This reverse stock split will become effective at 5:00 p.m. Pacific Time on August 25, 2020. The Company’s common stock will begin trading on a split-adjusted basis on the Over the Counter Exchange (OTC) at market open on August 26, 2020.As a result of the reverse stock split, each 200 pre-split shares of common stock outstanding will automatically...

TORONTO, Aug. 06, 2020 (GLOBE NEWSWIRE) — Firm Capital Mortgage Investment Corporation (the “Corporation”) (TSX FC, FC.DB.E, FC.DB.F, FC.DB.G, FC.DB,H, FC.DB.I and FC.DB.J) released its financial statements for the three and six months ended June 30, 2020.INCOME