Day: November 10, 2020

Arbor Realty Trust Announces Pricing of Public Offering of Common Stock

UNIONDALE, N.Y., Nov. 10, 2020 (GLOBE NEWSWIRE) — Arbor Realty Trust, Inc. (the “Company”) (NYSE: ABR) announced today that it priced its public offering of 7,000,0000 shares of common stock for total expected gross proceeds of approximately $94.5 million before underwriting discounts and commissions and expenses. The offering is subject to customary closing conditions and is expected to close on November 13, 2020.The Company has also granted the underwriters a 30-day option to purchase up to an additional 1,050,000 shares of its common stock.The Company intends to use the net proceeds from the offering to make investments relating to its business and for general corporate purposes. The Company also intends to use a portion of the net proceeds from this offering to purchase an aggregate of 700,000 shares, or 805,000 shares if the...

Continue reading

Magnetic North Acquisition Corp. Adopts Omnibus Incentive Plan

**Not for distribution to United States Newswire Services or release publication, distribution or dissemination, directly or indirectly, in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities Laws**CALGARY, Alberta and TORONTO, Nov. 10, 2020 (GLOBE NEWSWIRE) — Magnetic North Acquisition Corp. (TSXV: MNC; MNC.PR.A) (“Magnetic North” or the “Company”) reports that at its annual general and special meeting of common shareholders held on November 10, 2020, Magnetic North’s disinterested common shareholders approved the adoption of an omnibus incentive plan (the “Omnibus Plan”) for purposes of attracting, retaining and motivating key individuals. Please refer to the management information circular of the Company dated September 23, 2020 available on SEDAR at www.sedar.com under...

Continue reading

Maxim Power Corp. Announces 2020 Third Quarter Financial and Operating Results

CALGARY, Alberta, Nov. 10, 2020 (GLOBE NEWSWIRE) — Maxim Power Corp. (“MAXIM” or the “Corporation”) (TSX: MXG) announced today the release of financial and operating results for the third quarter ended September 30, 2020. The unaudited condensed consolidated interim financial statements, accompanying notes and Management’s Discussion and Analysis (“MD&A”) will be available on SEDAR and on MAXIM’s website on November 10, 2020. All figures reported herein are Canadian dollars unless otherwise stated.OPERATING RESULTSDuring the third quarter and first nine months of 2020, adjusted Earnings before Interest, Income Taxes, Deprecation and Amortization (“EBITDA”) increased as compared to 2019. A significant proportion of the increase is primarily the result of the operation of MAXIM’s state-of-the-art...

Continue reading

Roman DBDR Tech Acquisition Corp. Announces Closing of $220 Million Initial Public Offering

New York, New York, Nov. 10, 2020 (GLOBE NEWSWIRE) — Roman DBDR Tech Acquisition Corp. (the “Company”) announced today the completion of its initial public offering of 22,000,000 units, at a price of $10.00 per unit, resulting in gross proceeds of $220 million.The Company’s units commenced trading on the Nasdaq Capital Market (“Nasdaq”) under the ticker symbol “DBDRU” on November 6, 2020. Each unit consists of one share of the Company’s Class A common stock and one-half of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Only whole warrants are exercisable. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities comprising the units begin separate trading, shares of...

Continue reading

Midland Exploration Completes the Second Tranche of a Private Placement Totalling $2.38 Million

MONTREAL, Nov. 10, 2020 (GLOBE NEWSWIRE) — Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to announce that it has completed a second tranche of the non brokered private placement previously announced on November 5, 2020 (the “Offering”) by issuing a total of 96,209 of common share at $1.00 for gross proceeds of $96,209. The total gross proceeds of the Offering to the Corporation is $2,380,959. The securities issued in the second tranche of the Offering are subject to a four-month hold period expiring on March 10, 2021.BHP Canada Inc. (“BHP”) has exercised its right to maintain its ownership at 5.0% by acquiring 96,209 common shares of Midland. This right had been granted to BHP on April 18, 2019 pursuant to an Investor Rights Agreement with Midland.Midland will use the proceeds of the Offering to fund exploration works...

Continue reading

Exploration Midland complète la deuxième tranche d’un placement privé totalisant 2,38 million $

MONTRÉAL, 10 nov. 2020 (GLOBE NEWSWIRE) — Exploration Midland inc. (“Midland”) (TSX-V : MD) est heureuse d’annoncer la clôture d’une deuxième tranche du placement privé sans l’entremise d’un courtier antérieurement annoncé le 5 novembre 2020 (le « placement privé ») par l’émission de 96 209 actions ordinaires à un prix de 1,00 $ pour un produit brut de 96 209 $. Le total du produit brut du placement privé est de 2 380 959 $. Les titres émis dans le cadre de la deuxième tranche du placement privé sont soumis à une période de détention de quatre mois expirant le 10 mars 2021.BHP Canada Inc. (« BHP ») a exercé son droit de maintenir sa participation à 5,0 % en acquérant 96 209 actions ordinaires de Midland. BHP détient ce droit en raison d’une convention relative aux droits des investisseurs signée avec Midland en date du 18...

Continue reading

Golden Leaf Holdings to Report Third Quarter Earnings

TORONTO, Nov. 10, 2020 (GLOBE NEWSWIRE) — Golden Leaf Holdings Ltd. (“Golden Leaf” or the “Company”) (CSE:GLH) (OTCQB:GLDFF), a premier consumer-driven cannabis company specializing in production, processing, wholesale, distribution and retail, will announce its financial results for the third quarter ended September 30, 2020, on Thursday, November 19, 2020 after market close. All figures in USD unless otherwise noted.The Company will host a conference call for investors to discuss the results on Thursday, November 19, 2020, at 4:15 p.m. ET followed by a webinar for shareholders providing a corporate update and a summary of the third quarter. Please click here to register and stream the call as well as view the webinar presentation that follows, or use the following phone numbers:Toll Free: 1-877-407-0784Toll/International: 1-201-689-8560Conference...

Continue reading

Melcor Developments announces third quarter results, declares quarterly dividend of $0.08 per share

EDMONTON, Alberta, Nov. 10, 2020 (GLOBE NEWSWIRE) — Melcor Developments Ltd. (TSX: MRD), an Alberta-based real estate development and asset management company, today reported results for the third quarter and nine months ended September 30, 2020. Revenue was up 35% to $73.05 million compared to Q3-2019. Year to date revenue was up 12% to $145.87 million compared to the same period last year. Growth in revenue is due to the year to date increase in single-family lot sales in both Canada (290 compared to 250) and the United States (229 compared to 24). This led to the 66% increase in community development revenue over Q3-2019 and 1% year to date. Revenue in our Investment Properties and REIT divisions grew by 2% over Q3-2019 and 3% year to date as a result of transfers from the Property Development division and third party acquisitions...

Continue reading

Royalty Pharma Reports Third Quarter 2020 Results

Double-digit growth in Net cash provided by operating activities (GAAP) and Adjusted Cash Receipts(1)Increased 2020 guidance: Adjusted Cash Receipts(1) expected to be $1,780 to $1,800 million$2.3 billion of new acquisitions announced in 2020, including $1.1 billion in the third quarterNEW YORK, Nov. 10, 2020 (GLOBE NEWSWIRE) — Royalty Pharma plc (Nasdaq: RPRX) today reported financial results for the third quarter of 2020 and updated full-year 2020 guidance for Adjusted Cash Receipts(1) (a non-GAAP financial measure).“Our performance in the third quarter underscored the strong momentum in the business”, said Pablo Legorreta, Royalty Pharma founder and Chief Executive Officer. “Net cash provided by operating activities increased by 17%, while Adjusted Cash Receipts increased 12%, driving Adjusted Cash Flow growth of 27%....

Continue reading

Organogenesis Holdings Inc. Announces Proposed Public Offering of Class A Common Stock

CANTON, Mass., Nov. 10, 2020 (GLOBE NEWSWIRE) — Organogenesis Holdings Inc. (Nasdaq: ORGO), a leading regenerative medicine company focused on the development, manufacture, and commercialization of product solutions for the Advanced Wound Care and Surgical & Sports Medicine markets, today announced that it is offering to sell 17,500,000 shares of its Class A common stock in an underwritten public offering. In addition, Organogenesis Holdings intends to grant the underwriters a 30-day option to purchase up to an additional 2,625,000 shares of its Class A common stock at the public offering price, less the underwriting discounts and commissions. Morgan Stanley & Co. LLC and SVB Leerink LLC are acting as joint book-running managers of the offering and BTIG, LLC and Oppenheimer & Co. Inc. are acting as co-managers for...

Continue reading