Month: August 2020

TORONTO, Aug. 04, 2020 (GLOBE NEWSWIRE) — Eurogas International Inc. (CSE: EI) (“Eurogas International” or the “Corporation”) today announced its 2020 second quarter financial results.  The Corporation’s unaudited condensed interim financial statements, along with the accompanying management’s discussion and analysis have been filed on the System for Electronic Document Analysis and Retrieval (“SEDAR”) and may be viewed by interested parties under the Corporation’s profile at www.sedar.com or the Corporation’s website at www.eurogasinternational.com.FORWARD-LOOKING STATEMENTSCertain information set forth in this document, including management’s assessment of the Corporation’s future plans and operations, contains forward-looking statements. Forward-looking statements are statements that are predictive in nature, depend upon or refer...

LONGUEUIL, Quebec, Aug. 04, 2020 (GLOBE NEWSWIRE) — Highland Copper Company Inc. (TSXV: HI, OTCQB: HDRSF) (the “Company”) announced today that the maturity date for the repayment of outstanding indebtedness under its credit agreement with Greenstone Resources II LP and Osisko Gold Royalties Ltd., of US$4,500,000 (the “Loan”), was extended to August 15, 2020. Additional information about the Loan can be found in previous press releases including those issued on May 21, 2019 and July 2, 2020, each of which are available on the Company’s website at www.highlandcopper.com and on SEDAR at www.sedar.com.About HighlandHighland Copper Company Inc. is a Canadian company focused on exploring and developing copper projects in the Upper Peninsula of Michigan, U.S.A. More information about the Company is available on the Company’s website at...

Long Beach, CA, Aug. 04, 2020 (GLOBE NEWSWIRE) — Emerald Bioscience, Inc. (OTCQB: EMBI) (“Emerald”), a biopharmaceutical company focused on bioengineered cannabinoid-based therapeutics to address global medical indications, today announced that it has raised approximately $7.0 million in a registered offering of an aggregate of 116,666,668 units, each consisting of (i) one share of common stock (or common stock equivalent), and (ii) one warrant to purchase one share of common stock, at a purchase price of $0.06 per unit.  The warrants have an exercise price of $0.06 per share, are immediately exercisable, and expire five years following the date of issuance.H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.The gross proceeds of the offering were approximately $7.0 million, prior to deducting placement...

GAITHERSBURG, Md., Aug. 04, 2020 (GLOBE NEWSWIRE) — Emergent BioSolutions Inc. (NYSE:EBS) (the “Company”) announced today that it has priced its offering of $450 million aggregate principal amount of 3.875% Senior Unsecured Notes due 2028 (the “Notes”), representing an increase of $50 million in aggregate principal amount from the initially proposed offering size.The Notes will be fully and unconditionally guaranteed on a senior unsecured basis by all of the Company’s direct and indirect subsidiaries that guarantee debt under its credit facilities. The Company intends to use the net proceeds of the offering to repay the $353 million outstanding under its $600 million revolving credit facility with the remainder to be used for general corporate purposes. The offering is expected to close on August 7, 2020, subject to customary closing...

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESOTTAWA, Aug. 04, 2020 (GLOBE NEWSWIRE) — InterRent Real Estate Investment Trust (TSX-IIP.UN) (the “REIT”) is pleased to announce the voting results from its 2020 Annual Meeting (the “Meeting”) of unitholders held online on August 4, 2020 via live webcast. Each of the matters voted upon at the Meeting is discussed in detail in the REIT’s management information circular dated June 22, 2020 (the “Information Circular”) and is available on the REIT’s website at www.interrentreit.com/MIC2020. A total of 100,140,168 units representing approximately 70.94% of the REIT’s issued and outstanding units were voted in person and by proxy in connection with the Meeting. The voting results for each matter presented at the Meeting are provided below:1.        ...

CARMEL, Ind., Aug. 04, 2020 (GLOBE NEWSWIRE) — Protective Insurance Corporation (NASDAQ: PTVCA, PTVCB) today reported  second quarter net income of $11.4 million, or $0.80 per share, which compares to net income of $1.5 million, or $0.11 per share, for the prior year’s second quarter.  For the first six months of 2020, net loss totaled $10.8 million, or $0.76 per share, which compares to net income of $4.3 million, or $0.28 per share, for the prior year period.   Highlights for the second quarter and first half of 2020 include:Accident Year combined ratios were 101.4% for the second quarter of 2020 and 102.9% for the first six months of 2020, an improvement of 5.6 points and 5.0 points over the comparative 2019 periods. Net investment income increased to $13.6 million for the first six months of 2020 driven by a continued asset...

First Quarter HighlightsRevenues decreased 35.0% to $52.3 million from $80.4 million, primarily due to the impact of the COVID-19 pandemic on Radio revenues and, to a lesser extent, on Broadcasting and Commercial Music revenuesOrganic growth of 3.6% in Broadcast revenues and 0.2% in Recurring Commercial Music revenues(1)Radio revenues decreased 62.1%Operating costs decreased 43.8% to $28.3 million from $50.3 millionAdjusted EBITDA(2) decreased 18.2% to $25.5 million from $31.2 millionCash flow from operating activities increased 44.5% to $38.0 million compared to $26.3 millionAdjusted free cash flow(4) decreased 12.3% to $18.0 million, or $0.25 per share, compared to $20.6 million or $0.27 per shareImproving balance sheet with Net debt to Pro Forma Adjusted EBITDA(2) ratio of 2.91x, decreasing Net debt by $24.5 million from $361.3 million...

Faits saillants du premier trimestreLes produits ont diminué de 35,0 % pour atteindre 52,3 millions de dollars, comparativement à 80,4 millions de dollars, ce qui s’explique avant tout par l’incidence de la pandémie de COVID-19 sur les produits du secteur Radio et, dans une moindre mesure, sur ceux du secteur Diffusion et musique pour entreprises.La croissance interne des produits de Diffusion a été de 3,6 % et celle des produits récurrents de Musique pour entreprises de 0,2 %1).Les produits du secteur Radio ont diminué de 62,1 %.Les charges d’exploitation ont diminué de 43,8 %, passant de 50,3 millions de dollars à 28,3 millions de dollars.Le BAIIA ajusté2) a fléchi de 18,2 % pour s’établir à 25,5 millions de dollars, comparativement à 31,2 millions de dollars.Les flux de trésorerie liés aux activités d’exploitation ont augmenté de 44,5 %...

Record Quarterly Gross Margin of 30.3% Since 2015Reduced Quarterly SG&A to Lowest Level Since 2015