Day: December 2, 2020

Foran Mining Corporation Announces Closing of Private Placement

VANCOUVER, British Columbia, Dec. 02, 2020 (GLOBE NEWSWIRE) — Foran Mining Corporation (TSX-V: FOM) (the “Company” or “Foran”) is pleased to announce that it has completed the non-brokered private placement previously announced on November 9, 2020. The Company raised gross proceeds of CAD $1,000,000 by issuing 5,714,285 units (the “Units”) at a price of CAD $0.175 per unit (the “Financing”). Each Unit consisted of one common share of the Company and one common share purchase warrant with each warrant entitling the holder to acquire an additional common share of Foran at an exercise price of CAD $0.25 per share with an expiry of December 1, 2025.Two insiders of the Company, Daniel Myerson and Darren Morcombe (the “Insiders”), subscribed for all 5,714,285 Units of the Financing. Mr. Myerson subscribed for 4,000,000 Units of the Company...

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Allied Announces Publication of Its Inaugural ESG Report

TORONTO, Dec. 02, 2020 (GLOBE NEWSWIRE) — Allied Properties REIT (TSX:”AP.UN”) announced today that it has published its Inaugural Environmental, Sustainability and Governance (ESG) Report (the “Report”) on the home page of its website at www.alliedreit.com. Allied made a commitment to submit formally to independent scrutiny in regard to ESG by 2020. An important step in fulfilling this commitment was to obtain a GRESB (formerly Global Real Estate Sustainability Benchmark) Assessment for 2019, which was published by GRESB on November 24, 2020. Allied received a score of 64, which was recognized by GRESB as a “strong first-year showing”. Allied intends to obtain a GRESB Assessment and to provide an ESG Report on an annual basis.“Our Inaugural ESG Report identifies both strengths and opportunities for improvement at Allied,” said...

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Live Oak Acquisition Corp. II Announces Pricing of Upsized $220,000,000 Initial Public Offering

Memphis, TN, Dec. 02, 2020 (GLOBE NEWSWIRE) — Live Oak Acquisition Corp. II (the “Company”), a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, announced today that it priced its initial public offering of 22,000,000 units at $10.00 per unit. While the Company may pursue an initial business combination target in any business or industry, it intends to focus its search on companies it believes have significant growth prospects with the potential to generate attractive returns for its stockholders.  The Company is led by Chief Executive Officer, Richard J. Hendrix, Chief Financial Officer, Andrea K. Tarbox, President, Gary K. Wunderlich, Jr., Chief Operating Officer, Adam J. Fishman...

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Athabasca Oil Corporation Provides 2021 Budget Guidance and Announces Bank Facility Renewal along with an Increase in Unsecured Credit Facility Capacity

CALGARY, Alberta, Dec. 02, 2020 (GLOBE NEWSWIRE) — Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or “the Company”) announces its 2021 budget that is focused on maintaining base production and maximizing funds flow. The Company also is pleased to announce that it has renewed its syndicated bank facility and has received an increase to its unsecured letter of credit facility backstopped by Export Development Canada.2021 BudgetLow Sustaining Capital. Athabasca is planning expenditures of $75 million focused on sustaining projects at Leismer along with routine maintenance activities at all properties. Capital will be allocated $70 million to Thermal Oil and the remainder to Light Oil.Resilient Production. Annual corporate production of 31,000 – 33,000 boe/d (90% liquids) which maintains annual 2020 production estimated to average...

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Stantec bolsters environmental services capabilities in the Netherlands with acquisition of AGEL adviseurs

EDMONTON, Alberta and NEW YORK, Dec. 02, 2020 (GLOBE NEWSWIRE) — TSX, NYSE:STNGlobal design firm Stantec has expanded its capabilities in the Netherlands with the acquisition of AGEL adviseurs (AGEL), a multi-discipline engineering firm specializing in environmental services, spatial development, infrastructure, and GIS services. The 75-person firm, based in Oosterhout, is a recognized leader in the Netherlands with a longstanding history in the country’s southwest and central regions. Financial terms of the transaction were not disclosed.“AGEL enhances Stantec’s global Environmental Services practice and strategically complements our offerings in the Netherlands, where our work has historically focused on the central and northern regions. With the addition of this passionate, community-focused team, we can better support clients...

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Allied Announces December 2020 Distribution and Distribution Increase for 2021

TORONTO, Dec. 02, 2020 (GLOBE NEWSWIRE) — Allied Properties REIT (TSX:”AP.UN”) announced today that its Trustees have (i) declared a distribution of $0.1375 per unit for the month of December, 2020, payable on January 15, 2021, to unitholders of record on December 31, 2020, and (ii) approved an increase in monthly cash distributions for 2021 to $0.1417 per unit ($1.70 per unit annualized).“Management and the Trustees continue to support the two-fold objective of raising distributions on an annual basis while simultaneously reducing pay-out ratios,” said Michael Emory, President and CEO. “We’re confident of our ability to reduce our FFO and AFFO pay-out ratios in 2021 despite this distribution increase.”This press release may contain forward-looking statements with respect to Allied, its operations, strategy, financial performance...

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Hooker Furniture Declares Increased Quarterly Dividend

MARTINSVILLE, Va., Dec. 02, 2020 (GLOBE NEWSWIRE) — Hooker Furniture Corporation (NASDAQ-GS: HOFT) announced that on December 2, 2020, its board of directors declared a quarterly cash dividend of $0.18 per share, payable on December 31, 2020 to shareholders of record at December 16, 2020. This represents a 12.5% increase over the previous quarterly dividend and the fifth consecutive annual dividend increase.Hooker Furniture Corporation, in its 97th year of business, is a designer, marketer and importer of casegoods (wooden and metal furniture), leather-and fabric-upholstered furniture for the residential, hospitality and contract markets. The Company also domestically manufactures premium residential custom leather and custom fabric-upholstered furniture. It is ranked among the nation’s largest publicly traded furniture sources,...

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Cornerstone obtains reporting issuer status in Ontario

OTTAWA, Dec. 02, 2020 (GLOBE NEWSWIRE) — Cornerstone Capital Resources Inc. (“Cornerstone” or “the Company”) (TSXV:CGP) (Frankfurt:GWN) (Berlin:GWN) (OTC:CTNXF) today announces that the Ontario Securities Commission (the “OSC”) has issued an order (the “Order”) accepting the Company as a reporting issuer for the purposes of Ontario securities law. As a result of the Order, the OSC will be the principal regulator of the Company.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 financed through to completion of a feasibility study...

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StoneCastle Financial Corp. Announces Special Distribution of $0.05 and Regular Cash Distribution of $0.38 Per Share for Fourth Quarter 2020

DENVER, Dec. 02, 2020 (GLOBE NEWSWIRE) — StoneCastle Financial Corp. (Nasdaq: BANX) (“StoneCastle Financial” or the “Company”), an SEC registered closed-end management investment company, today announced that its Board of Directors has declared a special cash distribution of $0.05 per share generated from excess income, and a regular cash distribution of $0.38 per share for the fourth quarter 2020. The total distribution of $0.43 per share will be payable on January 5, 2021 to shareholders of record on December 21, 2020.“This special distribution reflects the Company’s prudent investment strategy and our ability to generate income in excess of our regular quarterly dividend during 2020. It also reflects the seamless transition to StoneCastle-ArrowMark Asset Management and our continued commitment to creating...

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Lucky Strike Property Update

TORONTO, Dec. 02, 2020 (GLOBE NEWSWIRE) — Goliath Resources Limited (TSX-V: GOT) (FSE: B4IF) (OTCQB: GOTRF) (the “Company” or “Goliath”) is pleased to announce amended terms of the option agreement to earn a 100% interest in the Lucky Strike property (the “Property”).The requirements to make all future cash property payments totalling $719,313, incurring $14,000,000 of minimum work commitments and delivering a NI 43-101 technical report which would include any resources calculation of gold equivalent minerals delivered by December 31, 2027 to earn a 100% interest in the Property have been removed entirely.In their place, subject to TSXV approval, the Company will issue 1,300,000 shares and 1,300,000 warrants in order to immediately earn a 49% interest in the Property. The warrants will be priced at $0.22 for a 60 month period from...

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