Day: December 17, 2020

BETHESDA, Md., Dec. 17, 2020 (GLOBE NEWSWIRE) — Eagle Bancorp, Inc. (the “Company”) (NASDAQ: EGBN), the parent company for EagleBank, today announced a cash dividend for the fourth quarter of 2020, in the amount of $0.22 per share. The cash dividend will be payable on February 1, 2021 to shareholders of record on January 8, 2021.Additionally, the Board of Directors adopted a new share repurchase program to take effect starting January 1, 2021, after the expiration of the current repurchase program on December 31, 2020. The Board of Directors authorized the repurchase of 1,588,848 shares of common stock, or approximately 5% of the Company’s outstanding shares of common stock, under the new repurchase program, which will expire on December 31, 2021, subject to earlier termination of the program by the Board of Directors. After lifting...

EDMONTON, Alberta, Dec. 17, 2020 (GLOBE NEWSWIRE) — Capital Power Corporation (TSX: CPX) (the Corporation and together with its subsidiaries, Capital Power) announced today that after having taken into account all Election Notices following the December 16, 2020 conversion deadline, in respect of the Cumulative Rate Reset Preference Shares, Series 1 (Series 1 Shares) tendered for conversion into Cumulative Floating Rate Preference Shares, Series 2 (Series 2 Shares), the holders of Series 1 Shares were not entitled to convert their shares. There were 687,245 Series 1 Shares tendered for conversion, which was less than the required one million shares required for conversion into Series 2 Shares.There are five million Series 1 Shares listed on the Toronto Stock Exchange (TSX) under the symbol CPX.PR.A. Effective December 31, 2020,...

WASHINGTON, Dec. 17, 2020 (GLOBE NEWSWIRE) — WashREIT (NYSE: WRE) announced that it has completed the sale of 1227 25th Street, NW and Monument II for a combined $106.5 million. The sale of Monument II, located in Herndon, VA, closed on December 2, 2020 and the sale of 1227 25th Street, located in Washington, DC, closed on December 17, 2020.“These sales further strengthen our balance sheet ahead of the post-vaccine recovery and align with our strategy to reduce our exposure to office assets, allowing us to de-risk our portfolio and improve our ability to create long-term shareholder value,” said Paul T. McDermott, President and CEO of WashREIT. “We are pleased with the execution of these sales, which is a testament to the quality of our office tenants and the resilience of the DC Metro economy.”WashREIT owns and operates uniquely...

WESTLAKE VILLAGE, Calif. and NEW PROVIDENCE, N.J., Dec. 17, 2020 (GLOBE NEWSWIRE) — MannKind Corporation (Nasdaq: MNKD) and Vertice Pharma today announced that they have entered into a co-promotion agreement for Thyquidity™ (levothyroxine sodium) oral solution through MannKind’s specialty sales force. THYQUIDITY is indicated as a replacement therapy in primary (thyroidal), secondary (pituitary), and tertiary (hypothalamic) congenital or acquired hypothyroidism. THYQUIDITY is not indicated for suppression of benign thyroid nodules and nontoxic diffuse goiter in iodine-sufficient patients or hypothyroidism during the recovery phase of subacute thyroiditis.Under the terms of the agreement, MannKind’s sales force will promote Thyquidity to adult endocrinologists, pediatric endocrinologists and other US healthcare providers who treat...

HAUPPAUGE, N.Y., Dec. 17, 2020 (GLOBE NEWSWIRE) — Forward Industries, Inc. (NASDAQ:FORD), a single source solution provider for the full spectrum of hardware and software product design and engineering services as well as a designer and distributer of carry and protective solutions, today announced financial results for the year ended September 30, 2020.Full Fiscal Year 2020 Financial HighlightsRevenues were $34.5 million compared to $37.4 million for 2019, a decrease of 7.8%.Loss from operations was $2.0 million compared to $3.1 million in 2019.Gross margin improved to 19.3% compared to 17.6% in 2019.Net loss was $1.8 million compared to $3.6 million in 2019.Net loss per share was $0.19 compared to $0.38 for 2019.Cash and cash equivalents totaled $2.9 million at September 30, 2020.Terry Wise, Chief Executive Officer of Forward...

Second quarter sales of $404 million, down 28% from the prior year reflecting the impact of COVID-19Second quarter GAAP diluted earnings per share from continuing operations of $0.41Adjusted diluted earnings per share from continuing operations of $0.31, which excludes the impact of CARES Act support and other itemsCash flow from operating activities from continuing operations of $28 millionWOOD DALE, Ill., Dec. 17, 2020 (GLOBE NEWSWIRE) — AAR CORP. (NYSE: AIR) today reported second quarter Fiscal Year 2021 consolidated sales of $403.6 million and income from continuing operations of $14.4 million, or $0.41 per diluted share. For the second quarter of the prior year, the Company reported sales of $560.9 million and income from continuing operations of $20.1 million, or $0.57 per diluted share. Our adjusted diluted earnings per share...

Not for distribution to United States newswire services or for dissemination in the United StatesMONTREAL, Dec. 17, 2020 (GLOBE NEWSWIRE) — SIRIOS RESOURCES INC. (TSX VENTURE: SOI) (the “Corporation“) is pleased to announce the completion of the non-brokered private placement announced on November 26, 2020, for aggregate gross proceeds of approximately $520,500 (the “Offering”). In connection with this Offering, the Corporation issued 3,469,996 hard units of the Corporation (the “Units”) at a price of $0.15 per Unit.Each Unit consists of one non-flow through common share of the share capital of the Corporation and one half of a warrant (each whole warrant, a “Warrant”). Each Warrant will entitle the holder thereof to acquire one additional common share of the share capital of the Corporation until June 13, 2022 at a price...

Le présent communiqué ne doit pas être distribué aux agences de diffusion de communiqués de presse des États-Unis ni diffusé aux États-Unis                                            MONTRÉAL, 17 déc. 2020 (GLOBE NEWSWIRE) — RESSOURCES SIRIOS (TSX-V : SOI) (la « Société ») a le plaisir d’annoncer la clôture du placement privé sans l’entremise de courtier annoncé le 26 novembre dernier pour un montant total d’environ 520 500$ (le « Placement »). Le Placement consiste en l’émission de 3 469 996 unités ordinaires (les « Unités») au prix de 0,15$ par Unité.Chaque Unité est composée d’une action ordinaire non-accréditive du capital social de la Société et d’un demi-bon de souscription (chaque bon de souscription entier étant un « Bon de souscription »). Chaque Bon de souscription confère à son détenteur le droit d’acquérir une action...

VANCOUVER, British Columbia, Dec. 17, 2020 (GLOBE NEWSWIRE) — Terra Nova Resources Inc. (CSE: TENO) (the “Company” or “Terra Nova”) is pleased to announced that it has engaged Winning Media LLC (“Winning Media”) to provide investor relations and digital advertising services to the Company. Services to be provided by Winning Media include copywriting and design fees and digital advertising. The engagement of Winning Media will extend for a period of 30 days, to commence when authorized by the Company. Services are expected to commence upon completion of the Company’s previously announced acquisition of WellteQ Limited and CBDS Health Inc. Winning Media will be paid a fee of US$200,000, payable in advance of the initiation of services. Neither Winning Media nor any of its principals currently own any interest, directly or indirectly,...

STAMFORD, Conn., Dec. 17, 2020 (GLOBE NEWSWIRE) — Eagle Bulk Shipping Inc. (NASDAQ: EGLE) (“Eagle Bulk” or the “Company”), one of the world’s largest owner-operators within the Supramax / Ultramax drybulk segment, today announced that it has commenced an underwritten public offering of its common stock. Concurrently with this offering of common stock and by means of a prospectus supplement and accompanying prospectus, the Company is offering to sell its common stock directly to an institutional investor that is a current shareholder, in a registered direct offering in an aggregate amount equal to what is not sold in this offering. The Company intends to use the net proceeds from the offerings to finance the acquisition of modern Ultramax vessels and/or general corporate purposes. In connection with the underwritten public offering,...