Month: September 2020

IRVING, Texas, Sept. 10, 2020 (GLOBE NEWSWIRE) — Forterra, Inc. (“Forterra” or “the Company”) (NASDAQ: FRTA), a leading manufacturer of water and drainage infrastructure pipe and products in the United States and Eastern Canada, today announced that a decision favorable to the Company has been rendered in the arbitration proceeding involving the earnout provision in the purchase agreement relating to the 2015 acquisition of certain businesses now owned by the Company from HeidelbergCement, A.G. (“Heidelberg”).  A neutral accounting arbitrator engaged by the parties rendered a written decision on September 10, 2020 in which he determined that no earnout payment was due under the terms of the purchase agreement. In the proceeding, Heidelberg had sought an earnout payment of the maximum amount of $100 million from the parties that...

JERSEY, Channel Islands, Sept. 10, 2020 (GLOBE NEWSWIRE) — Quotient Limited (NASDAQ: QTNT) (the Company), a commercial-stage diagnostics company, today announced the upsize and pricing of a $75 million underwritten public offering.  The Company is offering 17,647,059 ordinary shares at a price to the public of $4.25 per share. The offering was upsized from the previously announced offering of $60 million.  The net proceeds to the Company from this offering are expected to be approximately $69.9 million, after deducting underwriting discounts and commissions and other estimated offering expenses payable by the Company. All of the ordinary shares sold in the offering were offered by the Company. In addition, the Company has granted the underwriters a 30 day option to purchase up to an additional 2,647,058 of its ordinary shares. The...

SHANGHAI, China, Sept. 10, 2020 (GLOBE NEWSWIRE) — Junshi Biosciences (HKEX: 1877; SSE: 688180), a leading innovation-driven biopharmaceutical company dedicated to the discovery, development and commercialization of novel therapies, announced today that the US Food and Drug Administration (FDA) has recently granted Breakthrough Therapy designation (BTD) to Toripalimab for the treatment of nasopharyngeal carcinoma. Toripalimab is the first anti-PD-1 antibody from China to receive the Breakthrough Therapy designation, which is another important regulatory milestone for Toripalimab after FDA granted orphan drug designation for this indication in May 2020.“The Breakthrough Therapy designation granted by FDA recognizes the significant clinical benefits Toripalimab has shown for the treatment of nasopharyngeal carcinoma,” commented Dr....

NEW YORK, Sept. 10, 2020 (GLOBE NEWSWIRE) — Intra-Cellular Therapies, Inc. (Nasdaq: ITCI), a biopharmaceutical company, today announced the pricing of its previously announced underwritten public offering of 11,666,667 shares of its common stock at a public offering price of $30.00 per share. All of the shares in the offering will be sold by Intra-Cellular Therapies, with gross proceeds to Intra-Cellular Therapies expected to be $350 million from the offering of an aggregate of 11,666,667 shares before deducting underwriting discounts and commissions and offering expenses. Intra-Cellular Therapies has granted the underwriters a 30-day option to purchase up to an additional 1,750,000 shares on the same terms and conditions. The offering is expected to close on September 15, 2020, subject to the satisfaction of customary closing conditions.J.P....

VANCOUVER, British Columbia, Sept. 10, 2020 (GLOBE NEWSWIRE) — The Keg Royalties Income Fund (the “Fund”) (TSX: KEG.UN) today announced that its September 2020 distribution of $0.035 per unit has been declared and is payable to unitholders of record as at September 21, 2020. The September 2020 distribution will be paid on September 30, 2020. The Fund is a limited purpose, open-ended trust established under the laws of the Province of Ontario that, through The Keg Rights Limited Partnership, a subsidiary of the Fund, owns certain trademarks and other related intellectual property used by Keg Restaurants Ltd. (“KRL”). In exchange for use of those trademarks, KRL pays the Fund a royalty of 4% of gross sales of Keg restaurants included in the royalty pool.Vancouver-based KRL is the leading operator and franchisor of steakhouse restaurants...

CAMBRIDGE, Mass., Sept. 10, 2020 (GLOBE NEWSWIRE) — Trillium Therapeutics Inc. (“Trillium” or the “Company”) (NASDAQ/TSX: TRIL), a clinical stage immuno-oncology company developing innovative therapies for the treatment of cancer, today announced that it has priced its previously announced underwritten public offering of 10,000,000 common shares (the “Common Shares”) of the Company (the “Offering”). The Common Shares are being sold at a public offering price of US$13.00 per Common Share.In connection with the Offering, Trillium has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 Common Shares.The gross proceeds to the Company from the Offering are expected to be approximately US$130 million, before deducting underwriting discounts and commissions and other estimated offering expenses. The Offering...

TORONTO, Sept. 10, 2020 (GLOBE NEWSWIRE) — Amarillo Gold Corporation (TSXV: AGC, OTCQB: AGCBF) has recently achieved several key milestones toward developing its flagship Posse Gold Project into Brazil’s next gold mine.Mike Mutchler, President and Chief Executive Officer, will review those achievements during his presentation at the Precious Metals Summit Beaver Creek on Tuesday, September 15, 2020 at 4.30 p.m. ET. His presentation will be webcast live via the follow link:https://wsw.com/webcast/preciousmetals/agc.v/3163568.Mutchler will report on:the results of the positive feasibility study that gives Posse a net present value of US$360 million using a 5% discount rate and an after-tax internal rate of return of 50% using a gold price of US$1,730 per ounce and a Brazilian Reais to U.S. dollar exchange rate of 5.3:1progress toward...

Oslo, 11 September 2020 – DNO ASA, the Norwegian oil and gas operator, today announced that the USD 110 million Peshkabir Gas Capture and Injection Project in its Tawke license in the Kurdistan region of Iraq is onstream and has reached the one billion cubic feet of gas injection milestone. The project is expected to reduce annual emissions from the Company’s operated production by over 300,000 tonnes of CO2 equivalent, offsetting the emissions from some 150,000 automobiles.Engineering and construction were launched in mid-2018 and commissioning completed in mid-2020 in what is the first gas capture and storage project in Kurdistan. Some 20 million cubic feet a day of previously flared gas at the Peshkabir field is gathered, treated and transported 80 kilometers by pipeline to the Tawke field where it is injected for storage and reservoir...

VALCOURT, Quebec, Sept. 10, 2020 (GLOBE NEWSWIRE) — There are people who love on-water performance, and then there are people who LOVE on-water performance. For those in the latter category, BRP (TSX: DOO, NASDAQ: DOOO) is launching an all-new version of its high-performance Sea-Doo RXP-X 300. Designed to be the ultimate, supercharged on-water experience, the 2021 model delivers best-in-class acceleration along with a new water-gripping hull design for incredible handling.Enhancements to the 2021 Sea-Doo RXP-X 300 start with shedding 67 pounds (30kg) from its predecessor. And a new T3-R hull with a completely revamped deep-V design provides greater stability at high speeds, something everyone from experienced weekend riders to professional racers can appreciate. It all translates into incredible performance and a more confident...

VALCOURT, Québec, 10 sept. 2020 (GLOBE NEWSWIRE) — Certaines personnes aiment les performances sur l’eau, et puis il y a les autres, celles qui AIMENT les performances sur l’eau. Pour ceux de la deuxième catégorie, BRP (TSX: DOO, NASDAQ: DOOO) lance une toute nouvelle version de son Sea-Doo RXP-X 300 hautes performances. Conçu pour offrir l’ultime expérience suralimentée sur l’eau, le modèle 2021 procure les meilleures accélérations de sa catégorie grâce à un nouveau design de coque qui adhère à la surface de l’eau pour assurer une maniabilité incroyable.Les améliorations apportées au Sea-Doo RXP-X 300 2021 commencent par une réduction de 30 kg (67 livres) par rapport à son prédécesseur. Ensuite, la nouvelle coque T3-R repensée au design en V profond est plus stable à haute vitesse, une caractéristique qu’apprécieront les conducteurs...