Day: September 28, 2020

Millrock Reports Update on Drilling, 64North Gold Project, Alaska

Written by Customer Service on . Posted in Public Companies.

VANCOUVER, British Columbia, Sept. 28, 2020 (GLOBE NEWSWIRE) — Millrock Resources Inc. (TSX-V: MRO, OTCQB: MLRKF) (“Millrock” or the “Company”) reports assay results from drilling from exploration drill holes 20EC05, 20RE06 and 20AU07 that have been recently completed at the Echo, Resolution, and Aurora targets on the West Pogo block of the 64North Gold project.The locations of the holes drilled so far this year on the West Pogo Block are shown in Figure 1, along with the locations of the Echo, Reflection, and Aurora target areas. Also depicted are the locations of the Pogo Mine and the Goodpaster deposit situated on claims owned by Northern Star Resource Ltd (“Northern Star”). Northern Star recently indicated that it intends to perform delineation drilling at Goodpaster with a $21 million budget in the coming year,...

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FONAR Announces Fiscal 2020 Financial Results

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COVID-19 continued to affect imaging center scan volumes in Q4. However, the Company recovered to nearly 75% of pre-COVID-19 levels by the end of Q4.Total MRI scan volume at the HMCA-managed sites decreased 42% to 27,757 scans for the three month period ending June 30, 2020 as compared to the prior year. The impact from COVID-19 on MRI scan volume for the current fiscal year cannot be forecasted at this time.Cash and cash equivalents and short term investments increased 27% to $36.8 million at June 30, 2020 versus the fiscal year ended June 30, 2019. In addition, Cash and cash equivalents and short term investments increased 19% from $31.0 million at March 31, 2020, to $36.8 million at June 30, 2020.Total Revenues-Net decreased by 2% to $85.7 million for the fiscal year ended June 30, 2020, versus the previous fiscal year.Income from...

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Ascendis Pharma A/S Announces Preliminary Six-Month Data from Open-Label Extension of Phase 2 PaTH Forward Trial and Files IND Amendment to Initiate Phase 3 PaTHway Trial of TransCon PTH in Adult Hypoparathyroidism

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– Six-month data from PaTH Forward open-label extension support potential use of TransCon PTH as a hormone replacement therapy for adult hypoparathyroidism –– Conference call Tuesday, September 29 at 8:00 a.m. Eastern Time to review data –COPENHAGEN, Denmark, Sept. 29, 2020 (GLOBE NEWSWIRE) — Ascendis Pharma A/S (Nasdaq: ASND), a biopharmaceutical company that utilizes its innovative TransCon technologies to address unmet medical needs, today announced preliminary six-month results from the open-label extension (OLE) portion of PaTH Forward, a global phase 2 trial evaluating the safety, tolerability and efficacy of TransCon PTH in adult subjects with hypoparathyroidism (HP).“Today we announced preliminary clinical results which demonstrate that TransCon PTH can potentially provide a new treatment paradigm for over 150,000...

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Perseus Mining Acquires Bagoé Gold Project

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PERTH, Western Australia, Sept. 28, 2020 (GLOBE NEWSWIRE) — Perseus Mining Limited (“Perseus” or the “Company”) (TSX & ASX: PRU) ”) wishes to advise that that on Friday September 25, 2020, the implementation of the Scheme of Arrangement between Perseus and Exore Resources Limited (Exore) was completed, resulting in Perseus acquiring all of Exore’s assets including a portfolio of exploration properties situated in northern Côte d’Ivoire. This included PR 321 that hosts the Bagoé Gold Project (Bagoé), located approximately 70 kilometres from Perseus’s Sissingué Gold Mine.On May 4, 2020, Exore announced an independently prepared maiden JORC 2012 compliant Mineral Resource estimate for Bagoé. This estimate was based on mineralisation associated with the Antoinette and Véronique prospects. On July 28, 2020, Exore published further...

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SolidusGold Announces Private Placement

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NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR ‎DISSEMINATION IN THE UNITED STATESVANCOUVER, British Columbia, Sept. 28, 2020 (GLOBE NEWSWIRE) — SolidusGold Inc. (the “Company”) announces a non-brokered private placement of up to 5,555,555 units of the Company (“Units”) at a price of $0.09 per Unit for total gross proceeds of up to $500,000 (the “Private Placement”). Each Unit will consist of one common share of the Company (a “Solidus Share“) and one common share purchase warrant exercisable for twenty-four (24) months at a price of $0.12 per Solidus Share. The Private Placement will complete on or about October 9, 2020.All securities ‎issued in connection with the Offering will be subject to a hold period of four months and a day from ‎the date of closing. The net proceeds from the Offering will be used for the...

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Cequence Energy Announces Conclusion of CCAA Proceedings

Written by Customer Service on . Posted in Public Companies.

CALGARY, Alberta, Sept. 28, 2020 (GLOBE NEWSWIRE) — Cequence Energy Ltd. (“Cequence” or “the Company“) announces that it has implemented the previously announced plan of compromise and arrangement (the “Plan”) of the Company, under the Companies’ Creditors Arrangement Act (Canada) (“CCAA”) which was sanctioned on September 17, 2020 by order of the Court of Queen’s Bench of Alberta (the “Court”) under the CCAA. The previous common shares of the Company have been cancelled, and the issuance of new common shares of Cequence pursuant to the terms of the Plan is now complete with distributions to creditors to be completed shortly by Ernst & Young Inc., the court-appointed monitor.The Company has emerged from CCAA as a private oil and natural gas company effective today. Implementation of the Plan resulted in the Plan Sponsors (as...

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Lykill fjármögnun hf.: Discussions on the merger of Kvika banki hf. and TM hf.

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Today the Board of Directors of Kvika banki and the Board of Directors of TM agreed to commence discussions on the merger of the two companies. Discussions are based on the premises that TM will become Kvika banki‘s subsidiary and that Lykill fjármögnun hf., TM‘s subsidiary, will merge with Kvika banki. It is also expected that TM‘s shareholders will receive a 55% share in the merged company in return for their shares in TM, based on the companies‘ issued share capital today.Discussions will take place in the coming weeks as well as due diligence procedures. Since both companies are issuers of listed securities, and as such have an ongoing disclosure obligation, the due diligence process is not expected to take long. The forthcoming merger is subject to the approval of relevant supervisory authorities and shareholders of both companies.The...

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Lykill fjármögnun hf.: Viðræður um sameiningu Kviku banka hf. og TM hf. móðurfélags Lykils.

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Í dag samþykktu stjórnir Kviku banka og TM að hefja viðræður um sameiningu félaganna. Forsendur viðræðna byggjast á því að TM verði dótturfélag Kviku banka og að Lykill fjármögnun hf., núverandi dótturfélag TM, sameinist Kviku banka.  Þá er gert ráð fyrir að hluthafar í TM fái sem endurgjald fyrir hlutabréf sín í TM 55% hlut í sameinuðu félagi miðað við útgefna hluti félaganna í dag.Viðræðurnar munu fara fram á næstu vikum, ásamt því sem gagnkvæmar áreiðanleikakannanir verða framkvæmdar. Þar sem bæði félög búa við viðvarandi upplýsingaskyldu sem útgefendur skráðra verðbréfa er ekki gert ráð fyrir að sú vinna taki langan tíma. Væntanleg sameining er háð samþykki eftirlitsaðila og hluthafa beggja félaga.Stjórnir félaganna telja raunhæft að ná fram eins milljarðs króna kostnaðarsamlegð með sameiningu félaganna, án viðskipta- og einskiptiskostnaðar....

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TM hf.: Viðræður um sameiningu Kviku banka hf. og TM hf.

Written by Customer Service on . Posted in Public Companies.

Í dag samþykktu stjórnir Kviku banka og TM að hefja viðræður um sameiningu félaganna. Forsendur viðræðna byggjast á því að TM verði dótturfélag Kviku banka og að Lykill fjármögnun hf., núverandi dótturfélag TM, sameinist Kviku banka.  Þá er gert ráð fyrir að hluthafar í TM fái sem endurgjald fyrir hlutabréf sín í TM 55% hlut í sameinuðu félagi miðað við útgefna hluti félaganna í dag.Viðræðurnar munu fara fram á næstu vikum, ásamt því sem gagnkvæmar áreiðanleikakannanir verða framkvæmdar. Þar sem bæði félög búa við viðvarandi upplýsingaskyldu sem útgefendur skráðra verðbréfa er ekki gert ráð fyrir að sú vinna taki langan tíma. Væntanleg sameining er háð samþykki eftirlitsaðila og hluthafa beggja félaga.Stjórnir félaganna telja raunhæft að ná fram eins milljarðs króna kostnaðarsamlegð með sameiningu félaganna, án viðskipta- og einskiptiskostnaðar....

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TM hf.: Discussions on the merger of Kvika banki hf. and TM hf.

Written by Customer Service on . Posted in Public Companies.

Today the Board of Directors of Kvika banki and the Board of Directors of TM agreed to commence discussions on the merger of the two companies. Discussions are based on the premises that TM will become Kvika banki‘s subsidiary and that Lykill fjármögnun hf., TM‘s subsidiary, will merge with Kvika banki. It is also expected that TM‘s shareholders will receive a 55% share in the merged company in return for their shares in TM, based on the companies‘ issued share capital today.Discussions will take place in the coming weeks as well as due diligence procedures. Since both companies are issuers of listed securities, and as such have an ongoing disclosure obligation, the due diligence process is not expected to take long. The forthcoming merger is subject to the approval of relevant supervisory authorities and shareholders of both companies.The...

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