Month: August 2020

BRISBANE, Australia, Aug. 25, 2020 (GLOBE NEWSWIRE) — Orocobre Limited (ASX: ORE, TSX: ORL) (“Orocobre” or “the Company”) will release the FY20 full year results on Friday 28 August 2020. Managing Director and CEO, Mr. Martín Pérez de Solay will conduct a webcast briefing at 10.30am AEST (Brisbane time). The webcast briefing will be available via Orocobre’s website www.orocobre.com. Written questions may be submitted via the webcast.An archive copy of the briefing and Q&A session will subsequently be made available on the Company website.Authorised by:Rick AnthonJoint Company SecretaryFor more information please contact:Andrew BarberChief Investor Relations Officer                                                                       Orocobre LimitedP: +617 3720 9088M: +61 418 783 701E: abarber@orocobre.comW: www.orocobre....

ST. JOHN’S, Newfoundland and Labrador, Aug. 24, 2020 (GLOBE NEWSWIRE) — Fortis Inc. (“Fortis” or the “Corporation“) (TSX/NYSE: FTS) announced today that its wholly owned subsidiary Fortis Energy (Bermuda) Ltd. (“FEBL“) has agreed to provide a standby commitment (the “Standby Commitment“) for a rights offering (the “Rights Offering“) by Caribbean Utilities Company, Ltd. (“CUC“) (TSX: CUP.U). Pursuant to the Rights Offering, CUC will issue up to an aggregate of 3,359,362 or 10% of its currently issued and outstanding Class A Ordinary Shares (the “CUC Shares“). FEBL will exercise the rights issued to it in the Rights Offering and will acquire a minimum of 1,946,032 CUC Shares at a price of US$14.24 per CUC Share for aggregate consideration of...

TORONTO, Aug. 24, 2020 (GLOBE NEWSWIRE) — HALMONT PROPERTIES CORPORATION (TSX-V: HMT) announced today that net income to common shareholders for the six months ended June 30, 2020 was $1,624,000 as compared to net income of $1,162,000 for the six months ended June 30, 2019.The increase in the company’s earnings compared to the same period in 2019 is due principally to the additional capital invested in 2019 in commercial properties, loans receivable and forest properties.With respect to the impact of COVID-19, our businesses overall performed well in the first quarter, however our commercial properties are being impacted and we are working to mitigate the consequences.The book value of each common share increased to 59¢ at June 30, 2020 compared to 51¢ in 2019. Halmont revalues its principal assets each year in accordance with IFRS...

TORONTO and CHICAGO and MONTREAL, Aug. 24, 2020 (GLOBE NEWSWIRE) — Medexus Pharmaceuticals Inc. (the “Company” or “Medexus”) (TSXV: MDP, OTCQX: PDDPF) today announced that due to public health restrictions related to the COVID-19 pandemic, its annual general meeting (the “Meeting”) will be held virtually by live webcast.Details of the MeetingThe Meeting will be held virtually via live webcast at https://web.lumiagm.com/455381759 on Thursday, September 17, 2020 at 9:30 a.m. Eastern Time. Shareholders will have an opportunity to participate at the annual general meeting online regardless of their geographic location. The webcast will enable registered shareholders and duly appointed proxyholders to listen to the virtual meeting, ask questions and vote online, all in real time, provided they are connected to the Internet and properly...

CALGARY, Alberta, Aug. 24, 2020 (GLOBE NEWSWIRE) — Cequence Energy Ltd. (“Cequence” or “the Company“) announces a recapitalization transaction (the “Restructuring Transaction”), to be implemented as a plan of compromise and arrangement (the “Plan”) under the Companies’ Creditors Arrangement Act (“CCAA”) that will allow Cequence to reduce its debt and interest costs and improve liquidity to fund future operations.In connection with the Plan, Cequence has entered into a restructuring support agreement (the “Support Agreement”) with certain lenders under the Company’s second lien senior secured $50.0 million term loan facility due October 3, 2023 (the “Term Loan“), as plan sponsors (collectively, the “Plan Sponsors”). Pursuant to the Support Agreement, the Plan Sponsors have, among other things, agreed to convert $17.9 million and...

TORONTO, Aug. 24, 2020 (GLOBE NEWSWIRE) — Mitchell Cohen, Chief Executive Officer and President of Urbanfund Corp. (TSX-V: UFC) (“Urbanfund” or the “Company”), confirmed today that the Company has filed its financial statements for the six months ended June 30, 2020 (the “Consolidated Financial Statements”) and corresponding Management’s Discussion and Analysis (“MD&A”).BUSINESS OVERVIEW AND STRATEGYBusiness OverviewUrbanfund is an Ontario corporation listed on the TSX Venture Exchange (“TSX-V”) under the symbol UFC. The Company is a reporting issuer in Alberta, British Columbia and Ontario. Urbanfund’s focus is to invest in Canadian real estate and real estate related projects with a focus on a mix of both residential and commercial properties. The Company’s assets are located in Toronto, Brampton, Belleville, Kitchener, London,...

SHANGHAI, China, Aug. 24, 2020 (GLOBE NEWSWIRE) — Dada Group (NASDAQ: DADA, “Dada” or the “Company”), China’s leading local on-demand delivery and retail platform, today announced its unaudited financial results for the second quarter ended June 30, 2020.Second Quarter 2020 HighlightsTotal net revenues were RMB1,323.0 million (US$187.3 million), an increase of 93.1% year over year.Number of orders delivered through Dada Now for the twelve months ended June 30, 2020 was 925.6 million, as compared with 561.6 million in the same period ended June 30, 2019.Total Gross Merchandise Volume (“GMV”) of JDDJ for the twelve months ended June 30, 2020 was RMB18.3 billion (US$2.6 billion), an increase of 98.1% year over year from RMB9.2 billion in the same period ended June 30, 2019.Number of active consumers on JDDJ for the twelve months ended...

TYLER, Texas, Aug. 24, 2020 (GLOBE NEWSWIRE) — Southside Bancshares, Inc. (the “Company”) (NASDAQ:SBSI), the holding company of Southside Bank (the “Bank”), has announced a branch opening August 31, 2020 at The Domain in Austin, Texas. The new space located at 11815 Alterra Pkwy., Ste. 100 is a relocation of the Bank’s branch on North Mopac Expressway which will close on August 28, 2020 at 5pm.“We are thrilled to open our branch at The Domain and establish a presence in this thriving hub of Austin,” said Lee R. Gibson, President and Chief Executive Officer of Southside Bancshares, Inc. “We look forward to increasing our visibility in Central Texas and continuing to build strong relationships through our commitment to serving customers and the community.”In addition to The Domain location, Southside Bank operates a branch located...

Shelton, CT, Aug. 24, 2020 (GLOBE NEWSWIRE) — The Board of Directors of Hubbell Incorporated (NYSE: HUBB) announces the election of Jennifer M. Pollino as a Director of the company effective immediately.Hubbell’s Chairman and Chief Executive Officer, Mr. David G. Nord, said “We’re excited to welcome Jennifer to our Board.  Her broad experience and acumen in the areas of finance, operations and compensation coupled with her public company board experiences make her a real asset to Hubbell.  The Board looks forward to the insights and perspective she will bring and looks forward to working with her.”Ms. Pollino runs the consulting and executive coaching firm JMPollino LLC, which she founded after her retirement as an executive of Goodrich Corporation in 2012.  At Goodrich, she served in leadership roles in finance, human resources and...

BEIJING, Aug. 24, 2020 (GLOBE NEWSWIRE) — 21Vianet Group, Inc. (“21Vianet” or the “Company”) (Nasdaq: VNET), a leading carrier-neutral and cloud-neutral data center services provider in China, today announced that it intends to offer and sell 17,000,000 American depositary shares (“ADSs”), each representing six of its Class A ordinary shares (the “Proposed Offering”), subject to market and other conditions, in an underwritten public offering. The underwriters will have a 30-day option to purchase up to an aggregate of 2,550,000 additional ADSs from 21Vianet.21Vianet expects to use approximately 80% of the net proceeds from this offering to expand the Company’s data center infrastructure by organic growth and strategic acquisitions; and the remaining for research and development and other general corporate purposes including debt repayment.Credit...