Day: December 7, 2020

TORONTO, Dec. 07, 2020 (GLOBE NEWSWIRE) — Xanadu Mines Ltd (ASX: XAM | TSX: XAM) (Xanadu or the Company) is pleased to announce a significant expansion to mineralisation at the Company’s Kharmagtai copper and gold Project, located within the South Gobi, Mongolia. Kharmagtai is an emerging copper and gold project, within the highly prospective South Gobi Desert, which the Company believes has the potential to be a globally significant, gold rich copper project.HighlightsPhase 1 program has completed 17,000 metres out of a 23,000 metre plan, resulting in significant expansion to the mineralised system at Kharmagtai, with ~9,800 metres of assays still pending.Includes drilling at the Zaraa Prospect which intersected extensive zones of anomalous copper and gold mineralisation, more than doubling the size of the immediate target zone.Also...

OAKLAND, Calif., Dec. 07, 2020 (GLOBE NEWSWIRE) — Community Bank of the Bay (the “Bank”) (OTCPink:CBYAA), announced that, after having received all regulatory and shareholder approvals necessary for the reorganization of the Bank into a bank holding company format, that it consummated the reorganization as of December 7, 2020. Effective the close of business on December 7, 2020, Bay Community Bancorp (“Bancorp”) will become the bank holding company for the Bank. Trading of Bay Community Bancorp’s, Series A Voting Common Stock, will begin on Tuesday, December 8, 2020, under the symbol “CBOBA.” The reorganization will be completed through a share exchange in which the Bank’s shareholders will receive one share of common stock of Bay Community Bancorp in exchange for each share of the Bank’s common stock.“We plan to use...

TULSA, Okla., Dec. 07, 2020 (GLOBE NEWSWIRE) — Educational Development Corporation (“EDC”, or the “Company”) (NASDAQ: EDUC) (http://www.edcpub.com) reports that the Company has achieved record net revenues in the third quarter of fiscal 2021 totaling in excess of $66.8 million and the active sales consultants in the Company’s Usborne Books and More (UBAM) Sales Division grew to over 60,400 as of November 30, 2020.Per Randall White, Chief Executive Officer, “We continue to report record breaking sales and have just completed our largest quarter in history.  Our fiscal third quarter net revenues exceeded $66.8 million, an increase of $26.0 million, or 63.7%, over the fiscal third quarter last year.  This level of growth could not have been achieved without our increase in sales consultants, the investments we have made in the business,...

FALLS CHURCH, Va., Dec. 07, 2020 (GLOBE NEWSWIRE) — Northrop Grumman Corporation (NYSE: NOC) and Veritas Capital, today announced that Peraton, an affiliate of Veritas, has signed a definitive agreement to acquire Northrop Grumman’s federal IT and mission support services business for $3.4 billion in cash. The transaction is expected to close in the first half of 2021, subject to regulatory approvals and customary closing conditions.In 2020, this Northrop Grumman business, in aggregate, is expected to generate approximately $2.3 billion in revenue.“This divesture allows us to drive value and reflects our strategy of focus on growing core businesses where technology and innovation are the key differentiators,” said Kathy Warden, chairman, chief executive officer and president, Northrop Grumman. “We expect to create compelling value...

NEWARK, Del., Dec. 07, 2020 (GLOBE NEWSWIRE) — The Board of Directors of Artesian Resources Corporation (Nasdaq: ARTNA), which includes operations in Delaware, Maryland and Pennsylvania, announced that Jennifer L. Finch, CPA, was named Corporate Treasurer and Senior Vice President of Finance, effective November 17, 2020. Ms. Finch joined Artesian in 2008 as Chief Accounting Officer. In 2010, Ms. Finch was appointed Assistant Treasurer and Vice President of Finance. She has over 30 years of accounting, auditing and tax experience, both in public practice and private industry.In her expanded role, Ms. Finch will be responsible for all cash management and banking relationships as well as corporate financings, including short-term lines of credit, long-term debt and equity. She also will have primary responsibility for all SEC, tax...

HOUSTON, Dec. 07, 2020 (GLOBE NEWSWIRE) — KLX Energy Services Holdings, Inc. (Nasdaq: KLXE) (“KLXE” or the “Company”) today reported financial results for its fiscal third quarter ended October 31, 2020. On July 28, 2020, KLXE completed its previously announced merger with Quintana Energy Services, Inc. (“QES”) (the “Merger”) and the results for the three months ended October 31, 2020 include an entire quarter of combined results for both legacy KLXE and legacy QES.Fiscal Third Quarter 2020 HighlightsRevenue increased 30.1% sequentially from the fiscal second quarter 2020 on a pro forma basisNet loss and Adjusted EBITDA (a non-GAAP measure) loss reduced 30.1% and 72.0%, respectively, relative to pro forma fiscal second quarter resultsEnded the fiscal third quarter with $79.8 million in cash and $106.2 million in total liquidityMerger...

VANCOUVER, British Columbia, Dec. 07, 2020 (GLOBE NEWSWIRE) — WestKam Gold Corp. (TSX-V: WKG) (the “Company” or “WestKam”), is pleased to announce that Mr. Allen Schwabe has been appointed to the Board of Directors of the Company as an independent director.   Mr. Schwabe is a licensed realtor and former President of Buellex Holdings, a privately held corporation, for 35 years. Mr. Schwabe has also served as a President, officer and/or director for several publicly traded junior mining and tech companies, with emphasis on fundraising and property acquisitions, including Canadian Golden Dragon, Hemisphere Gold Inc and Porcher Island Gold.The Company also announces that Mr. Catalin Kilofliski has resigned as a director of the Company. The Company would like to thank Mr. Kilofliski for his contributions to the Company and wish him well...

BASKING RIDGE, N.J., Dec. 07, 2020 (GLOBE NEWSWIRE) — Hans Vestberg, Chairman and CEO for Verizon (NYSE, Nasdaq: VZ), is rescheduled to speak at the virtual UBS Global TMT Conference on Tuesday, December 8, at 8:25 a.m. ET. His remarks will be webcast, with access instructions available on Verizon’s Investor Relations website, www.verizon.com/about/investors/.Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is celebrating its 20th year as one of the world’s leading providers of technology, communications, information and entertainment products and services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $131.9 billion in 2019. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on...

CALGARY, Alberta, Dec. 07, 2020 (GLOBE NEWSWIRE) — CORDY OILFIELD SERVICES INC. (the “Corporation” or “Cordy”) (CKK: TSX-V) announces that it has formed a joint venture (the “JV”) with Marwest Utility Services Inc. (“Marwest”). Cordy is the Manager of the JV and holds a 49% ownership interest in the JV with Marwest holding the remainder.Marwest is headquartered in Kamloops, British Columbia and operates as a wholly-owned, 100% aboriginal company that provides services to mining, energy and transportation businesses. Marwest has partnership agreements with First Nations located throughout British Columbia (the “Partnerships”).The JV will provide a complete range of project management, support and environmental services for the construction oil and gas pipelines; maintenance and integrity of transmission pipelines and facilities;...