Month: August 2020

COS COB, Conn., Aug. 05, 2020 (GLOBE NEWSWIRE) — Chicken Soup for the Soul Entertainment Inc. (Nasdaq: CSSE) (the “Company”), one of the largest operators of streaming advertising-supported video-on-demand (AVOD) networks, today announced that the underwriters of its recent public offering of 9.50% Notes due 2025 (“Notes”) have partially exercised their over-allotment option by purchasing an additional $1.1 million principal amount of Notes. Closing of the partial exercise of the over-allotment option was completed today, generating net proceeds to the Company of $1,045,000 after deducting the Underwriters’ discounts, commissions and certain expenses.The Notes have been listed on the Nasdaq Capital Market and trade under the ticker symbol “CSSEN”. The Notes are not convertible into or exchangeable for any of the Company’s other...

TORONTO, Aug. 05, 2020 (GLOBE NEWSWIRE) — Trisura Group Ltd. (“Trisura” or “Trisura Group”) (TSX: TSU), a leading international specialty insurance provider, today announced financial results for the second quarter of 2020.David Clare, President and CEO of Trisura, stated, “In Q2, Trisura generated net income of $6.6 million, driven by operational strength from our specialty platforms in North America, investment gains and partially offset by reserve strengthening in our Reinsurance entity.In Canada, disciplined underwriting and consistent investment returns sustained our industry-leading 19.7% return on equity despite the disruption of COVID-19. Our U.S. platform maintained its growth trajectory, binding $144.8 million of quarterly gross premiums and generating $4.0 million in net income. We experienced volatility in our reinsurance...

FOLSOM, Aug. 05, 2020 (GLOBE NEWSWIRE) —SJI Reports Second Quarter 2020 Results2020 Ongoing Guidance AffirmedFOLSOM, NJ (August 5, 2020) – SJI (NYSE: SJI) today reported operating results for the second quarter ended June 30, 2020. Highlights include:Q2 2020 GAAP earnings of $(0.03) per diluted share compared to $(0.14) per diluted share in 2019Q2 2020 Economic Earnings* of $(0.01) per diluted share compared to $(0.13) per diluted share in 2019Second quarter results reflect increased profitability from Utility and Non-Utility operations partially offset by impact of financing activitiesCOVID-19:  Operations continue to function effectively; delivery of natural gas to customers has not been materially impacted; NJ regulators authorized deferral of incremental expenses including bad debtContinuing execution of key initiatives...

HOUSTON, Aug. 05, 2020 (GLOBE NEWSWIRE) — W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today reported operational and financial results for the second quarter 2020.Key highlights included:Produced 42,037 barrels of oil equivalent per day (“Boe/d”), or 3.8 million Boe (48% liquids), in the second quarter of 2020, reflecting a 20% increase from the second quarter of 2019;Reported a net loss of $5.9 million or $0.04 per share and Adjusted Net Loss of $2.2 million or $0.02 per share in the second quarter of 2020;Generated Adjusted EBITDA of $42.1 million for the second quarter of 2020, despite a significantly lower pricing environment, and capital expenditures were held to just $6.4 million; Adjusted EBITDA for the first six months of 2020 totaled $104.2 million;Reported mid-year 2020 SEC proved reserves, based...

LAFAYETTE, La., Aug. 05, 2020 (GLOBE NEWSWIRE) — LHC Group, Inc. (NASDAQ: LHCG) announced its financial results for the quarter ended June 30, 2020. Unless otherwise noted, all results are compared with the second quarter ended June 30, 2019.Second Quarter 2020 Financial Results Net service revenue decreased 5.9% to $487.3 million due to the impact of the COVID-19 pandemic.Net income attributable to LHC Group’s common stockholders increased 78.8% to $44.7 million, or $1.43 per diluted share.Adjusted net income attributable to LHC Group’s common stockholders increased 15.9% to $38.6 million, or $1.23 adjusted earnings per diluted share, compared with $33.3 million, or $1.07 per diluted share, in the same period in 2019. Adjusted results for the second quarter of 2020 exclude a pre-tax amount of $0.6 million in acquisition and de...

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESNORTH VANCOUVER, British Columbia, Aug. 05, 2020 (GLOBE NEWSWIRE) — Lion One Metals Limited (TSX-V: LIO) (OTCQX: LOMLF) (ASX: LLO) (“Lion One” or the “Company“) is pleased to announce that, further to its press releases dated July 23, 2020 and July 27, 2020, announcing a private placement offering of units of the Company, the Company has agreed with Haywood Securities Inc. (“Haywood”) to amend the terms of the offering. Pursuant to the amended agreement, Haywood and  Echelon Wealth Partners Inc., as co-lead underwriters on behalf of a syndicate of underwriters, have agreed to purchase, on a “bought deal” private placement basis, (i) 11,765,000 units (the “Tranche 1 Units”) of the Company at a price of C$1.70 per...

STEINHAUSEN, Switzerland, Aug. 05, 2020 (GLOBE NEWSWIRE) — Transocean Ltd. (NYSE: RIG) (“Transocean”) announced today that it has executed a private exchange agreement relating to the 0.5% Exchangeable Bonds due 2023 (the “Existing Exchangeable Bonds”) issued by Transocean Inc., Transocean’s wholly-owned subsidiary, that it has commenced certain internal reorganization transactions, and that it is evaluating certain potential liability management transactions.Pursuant to the private exchange agreement, Transocean Inc. agreed to exchange approximately $356 million aggregate principal amount of its Existing Exchangeable Bonds for approximately $213 million aggregate principal amount of new 2.5% Senior Guaranteed Exchangeable Bonds due 2027 (the “Senior Guaranteed Exchangeable Bonds”) to be issued by Transocean Inc. The Senior Guaranteed...