Day: October 15, 2020

BOUCHERVILLE, Quebec, Oct. 15, 2020 (GLOBE NEWSWIRE) — Colabor Group Inc. (TSX: GCL, GCL.DB.A) (“Colabor” or the “Company”) reports its results for the third quarter and the 36-week period ended September 5, 2020.Third Quarter 2020 Financial Highlights:Sales declined to $120.9 million, compared to $165.8 million for the corresponding period of 2019, mainly explained by the termination of a contract in Specialized distribution activities, non-renewal of less-profitable contracts in Broadline activities distribution and by the effects of the pandemic;Net earnings from continuing operations declined to $3.4 million compared to $3.7 million for the corresponding period of 2019;Adjusted EBITDA(1) increased to $10.1 million or 8.4% of sales from continuing operations compared to $8.5 million or 5.1% for the corresponding period of 2019....

BOUCHERVILLE, Québec, 15 oct. 2020 (GLOBE NEWSWIRE) — Groupe Colabor Inc. (TSX : GCL, GCL.DB.A) (« Colabor » ou la « Société »), divulgue ses résultats pour le troisième trimestre et la période de 36 semaines clos le 5 septembre 2020.Faits saillants financiers du troisième trimestre de 2020 :Diminution des ventes à 120,9 millions $ comparativement à 165,8 millions $ lors de la période correspondante de 2019 résultant principalement de la fin d’un contrat dans les activités de Distribution spécialisée, par la non-reconduction de contrats moins profitables dans le secteur Distribution broadline et par les effets de la pandémie;Diminution du résultat net lié aux activités poursuivies à 3,4 millions $ comparativement à 3,7 millions $ lors de la période correspondante de 2019;Augmentation du BAIIA ajusté(1) à 10,1 millions $ ou...

VANCOUVER, British Columbia, Oct. 15, 2020 (GLOBE NEWSWIRE) — Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX/NYSE American: SVM) reports production and sales figures for the second quarter of Fiscal 2021 ended September 30, 2020 (“Q2 Fiscal 2021”). The Company produced approximately 1.7 million ounces of silver, 1,100 ounces of gold, 19.1 million pounds of lead, and 7.1 million pounds of zinc and sold approximately 1.7 million ounces of silver, 2,200 ounces of gold, 18.6 million pounds of lead, and 7.4 million pounds of zinc in Q2 Fiscal 2021. For the first six months of Fiscal 2021, the Company produced approximately 3.5 million ounces of silver, 39.2 million pounds of lead, and 14.7 million pounds of zinc. The Company is on track to produce between 6.2 – 6.5 million ounces of silver, 66.1 – 68.5 million pounds of...

OTTAWA, Oct. 15, 2020 (GLOBE NEWSWIRE) — Cornerstone Capital Resources Inc. (“Cornerstone” or “the Company”) (TSXV:CGP) (Frankfurt:GWN) (Berlin:GWN) (OTC:CTNXF) is pleased to announce that SolGold plc (“SolGold”) was unsuccessful in its unsolicited offer to acquire all of the issued and outstanding common shares of Cornerstone. Cornerstone understands that the Hostile Bid expired at 5:00 p.m. (Eastern Time) on October 14, 2020 without any Cornerstone common shares being taken up.About CornerstoneCornerstone Capital Resources Inc. is a mineral exploration company with a diversified portfolio of projects in Ecuador and Chile, including the Cascabel gold-enriched copper porphyry joint venture in northwest Ecuador. Cornerstone has a 21.4% direct and indirect interest in Cascabel comprised of (i) a direct 15% interest in the project...

ACHESON, Alberta, Oct. 15, 2020 (GLOBE NEWSWIRE) — North American Construction Group Ltd. (“NACG” or “the Company”) (TSX:NOA.TO/NYSE:NOA) announced today that it will release its financial results for the Third Quarter ended September 30, 2020 on Wednesday, October 28, 2020 after markets close. Following the release of its financial results, NACG will hold a conference call and webcast on Thursday, October 29, 2020, at 7:00 a.m. Mountain Time (9:00 a.m. Eastern Time).The call can be accessed by dialing:Toll free: 1-800-838-7301International: 1-206-596-9924Conference ID: 9899128A replay will be available through November 29, 2020, by dialing:Toll Free: 1-855-859-2056International: 1-404-537-3406Conference ID: 9899128A slide deck for the webcast will be available for download the evening prior to the call and will be found on the...

VALCOURT, Quebec, Oct. 15, 2020 (GLOBE NEWSWIRE) — BRP Inc. (TSX:DOO; NASDAQ:DOOO) (“BRP” or the “Company”) announced today that Bain Capital Luxembourg Investments S.a r.l. in liquidation (“Bain” or the “Selling Shareholder”), and the Company have entered into an agreement with BMO Capital Markets to complete a secondary offering on a bought deal basis (the “Offering”). Under the agreement, BMO Capital Markets has agreed to purchase 1,000,000 subordinated voting shares of the Company at a purchase price of C$75.45 per subordinate voting share for total gross proceeds to the Selling Shareholder of C$75,450,000.In connection with the Offering, the Company will file a preliminary prospectus supplement to its short form base shelf prospectus dated September 24, 2020. The preliminary prospectus supplement will be filed with the securities...

DELSON, Quebec, Oct. 15, 2020 (GLOBE NEWSWIRE) — Goodfellow Inc. (TSX: GDL) (the “Company”) is pleased to announce today the appointment of Mr. Douglas Goodfellow as Chairman of the Board, succeeding Mr. Claude Garcia who has been Chairman since 2012. Mr. Garcia will continue to serve as Director and Chairman of the Compensation Committee. Also Mr. Alain Côté will take on the new role of Lead Director.“It has been an honour to serve as Chairman for the last eight years, but the time has come to slow down my business activities. Douglas has a longstanding knowledge of the Company and its industry, and his insights will greatly benefit the Board of Directors and Goodfellow. Alain is a former audit partner at Deloitte and has held board positions with a number of other companies. His experience will serve him well in assuming...

DELSON, Québec, 15 oct. 2020 (GLOBE NEWSWIRE) — Goodfellow inc. (TSX : GDL) (La « Société ») a le plaisir d’annoncer aujourd’hui la nomination de M. Douglas Goodfellow au poste de président du conseil d’administration, succédant à M. Claude Garcia qui occupait ce rôle depuis 2012. M. Garcia va continuer à siéger au conseil d’administration et conservera son poste de président du comité de rémunération. Aussi, M. Alain Côté, assumera le nouveau rôle d’administrateur principal.« Ce fut un honneur de servir à titre de président du conseil au cours des huit dernières années, mais le temps est venu pour moi de ralentir mes activités d’affaires. Douglas a une connaissance de longue date de l’entreprise et son industrie et ses perspectives seront d’un grand apport pour le conseil d’administration et la Société. Alain est un ancien associé...

TORONTO, Oct. 15, 2020 (GLOBE NEWSWIRE) — Troilus Gold Corp. (TSX: TLG) (OTCQB: CHXMF) (“Troilus” or the “Company”) is pleased to report that it is one of three finalists for two awards to be presented by the Quebec Mineral Exploration Association (AEMQ) at next week’s XPLOR 2020 Virtual Conference: the “Excellence in Sustainable Development” award and the “Entrepreneur of the Year” award.The Excellence in Sustainable Development is awarded to a company that has exhibited high standards in sustainable development. The Entrepreneur of the Year is awarded to recognize the work of a team or company that has experienced significant progress over the past year related to the development of a specific project, a company’s overall activities or the advancement of a mining project leading to its production phase.Justin Reid, CEO and Director...

SANTA MONICA, Calif., Oct. 15, 2020 (GLOBE NEWSWIRE) — TrueCar, Inc. (NASDAQ: TRUE) announced today that Noel Watson has resigned as Chief Financial Officer to accept another business opportunity with a privately-held company outside of the automotive vertical. Mr. Watson expects to continue in his current position through November 16, 2020 in order to ensure a smooth transition for the Company. Charles Thomas, the Company’s Controller, will serve as interim principal financial officer until a permanent candidate is identified.“We thank Noel for his significant contributions to TrueCar during his tenure with the Company. Noel has been instrumental in helping us navigate a period of rapid business transformation, and in positioning the Company for future success as we execute on our strategic vision of building the industry’s leading...