Day: December 23, 2020

SASKATOON, Saskatchewan, Dec. 23, 2020 (GLOBE NEWSWIRE) — GESPEG RESOURCES LTD. (TSX-V:GCR) (the “Company” or “Gespeg”), is pleased to announce the closing of a non-brokered private placement (the “Offering“) for total gross proceeds of $548,549.92. The closing consists of 900,000 Non-Flow through Units (the “Units”) at a price of $0.08 per Unit and 4,332,272 flow-through common share in the capital of the Company (a “FT Share”) at a price of 0.11 per FT Share. Each Unit consists of one common share in the capital of the Company (a “Share”) and one half of a common share purchase warrant for the purchase of one additional Share at a price of $0.12 for a period of two years from the closing of the Offering.In connection with the closing of the Offering, the Company paid an aggregate finders’ fees of $30,336.00 in...

VANCOUVER, British Columbia, Dec. 23, 2020 (GLOBE NEWSWIRE) — Sandfire Resources America Inc. (TSX.V: “SFR”; OTCQB: “SRAFF”) (“Sandfire America” or the “Company”) is pleased to announce that it has closed its previously announced rights offering, issuing 200,539,763 common shares of the Company for gross proceeds of $30,080,965 (the “Rights Offering“), representing 100% of the total rights offered.The Company’s largest shareholder, Sandfire BC Holdings Inc. (“Sandfire BC”), fully exercised its basic subscription privilege to purchase its pro rata share of the common shares offered, being 170,869,433 common shares, and also purchased an additional 17,739,705 common shares through the exercise of its additional subscription privilege, for a total subscription of 188,609,138...

CELEBRATION, Fla., Dec. 23, 2020 (GLOBE NEWSWIRE) — KemPharm, Inc. (OTCQB: KMPH), a specialty pharmaceutical company focused on the discovery and development of proprietary prodrugs, today announced that the Company’s Board of Directors has approved a 1-for-16 reverse stock split of its shares of common stock (“Reverse Stock Split”). KemPharm’s stockholders granted authority to the Board of Directors to effect this Reverse Stock Split of KemPharm’s common stock at the Special Meeting of Stockholders held on November 17, 2020. The Reverse Stock Split is intended to enable the Company to potentially regain its listing on the Nasdaq Capital Market.The Reverse Stock Split is scheduled to take effect today, December 23, 2020, at 5:01 p.m. ET (the “Effective Time”). Shares of the Company’s common stock will be assigned a new CUSIP...

NEW YORK, Dec. 23, 2020 (GLOBE NEWSWIRE) — Harvest Capital Credit Corporation (NASDAQ: HCAP) (“HCAP”) and Portman Ridge Finance Corporation (NASDAQ: PTMN) (the “Company” or “PTMN”) announced today that they have entered into a definitive agreement under which HCAP will merge with and into PTMN, a business development company managed by Sierra Crest Investment Management LLC (“Sierra Crest”), an affiliate of BC Partners Advisors L.P. (“BC Partners”).The transaction has been approved by a unanimous vote of Special Committee of the Board of Directors of HCAP, the Board of Directors of HCAP (other than directors affiliated with HCAP’s external investment adviser who abstained from voting) and the Board of Directors of PTMN. In addition, the Board of Directors of HCAP will recommend that HCAP stockholders vote in favor of adoption and...

MONTREAL, Dec. 23, 2020 (GLOBE NEWSWIRE) — Knight Therapeutics Inc. (TSX: GUD) (“Knight”) today has filed and has obtained a receipt for a (final) short form base shelf prospectus (the “Shelf Prospectus”). The Shelf Prospectus was filed with the securities regulatory authorities in each of the provinces of Canada and enables Knight to offer for sale and issue up to $360 million of common shares of Knight (“Common Shares”), subscription receipts of Knight (the “Subscription Receipts”) and debt securities of Knight (the “Debt Securities”, and collectively with the Common Shares and the Subscription Receipts, the “Securities”) from time to time during the 25-month period during which the Shelf Prospectus remains valid. The specific variable terms of any offering of Common Shares, Subscription Receipts or Debt Securities will be set...

MONTRÉAL, 23 déc. 2020 (GLOBE NEWSWIRE) — Thérapeutique Knight inc. (TSX : GUD) (« Knight ») a déposé et obtenu aujourd’hui un reçu pour un prospectus préalable de base simplifié (final) (« prospectus préalable »). Le prospectus préalable a été déposé auprès des autorités de réglementation des valeurs mobilières de chacune des provinces canadiennes et permet à Knight de mettre en vente et d’émettre jusqu’à 360 millions $ d’actions ordinaires de Knight (« actions ordinaires »), de reçus de souscription de Knight (les « reçus de souscription »), et de titres de créance de Knight (les « titres de créance », et collectivement avec les actions ordinaires et les reçus de souscription, les « titres ») de temps à autre au cours de la période de 25 mois durant laquelle le prospectus préalable demeure valide. Les conditions variables spécifiques...

TORONTO, Dec. 23, 2020 (GLOBE NEWSWIRE) — Ayr Strategies (CSE: AYR.A, OTCQX: AYRWF, “Ayr” or “the Company”), a leading vertically integrated cannabis multi-state operator, today announced it has closed on the purchase of 100% of the membership interests of CannTech PA (“CannTech”).As previously announced, the total purchase consideration of US$57.4 million consisted of US$27.2 million in cash, US$15.0 million in exchangeable shares, each of which would be exchangeable for a subordinate voting share, and US$15.2 million in seller’s notes.This acquisition includes a 143,000 sq. ft. cultivation and processing facility on 13 acres. The first phase of the planned build-out of the facility is complete and approved for cultivation. CannTech’s license permits up to six dispensary locations in Pennsylvania, including the recently announced...

NOVA LIMA, Brazil and MINAS GERAIS, Brazil, Dec. 23, 2020 (GLOBE NEWSWIRE) — Afya Limited, or Afya (Nasdaq: AFYA), today announced that its Board of Directors has approved a share buyback program. Under the share buyback program, Afya may repurchase up to 1,015,844 of its outstanding Class A common shares in the open market, based on prevailing market prices, or in privately negotiated transactions, over a period beginning on December 24, 2020 continuing until the earlier of the completion of the repurchase or December 31, 2021, depending upon market conditions.The share repurchases may be made from time to time through open market transactions and are subject to market and business conditions, levels of available liquidity, cash requirements for other purposes, regulatory, and other relevant factors.The share buyback program will...

Not for distribution to United States newswire services or for dissemination in the United StatesTORONTO, Dec. 23, 2020 (GLOBE NEWSWIRE) — Gowest Gold Ltd. (“Gowest” or the “Company”) (TSX VENTURE: GWA) announced today that it has completed the second tranche of a private placement, on a non-brokered basis, of 333,423 flow-through units of the Company (the “FT Units”), at a price of $0.39 per FT Unit, for gross proceeds of $130,035 (the “Private Placement”). Each FT Unit comprised one common share and one-half (1/2) of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”) issued on a flow-through basis, with each Warrant being exercisable to acquire one common share of the Company at a price of $0.45 until December 31, 2022. The common shares underlying the Warrants will not be issued as flow-through...

TORONTO, Dec. 23, 2020 (GLOBE NEWSWIRE) — Sintana Energy Inc. (TSX-V: SEI) (“Sintana” or the “Company”) reports that its Board of Directors has approved grants of a total of 2,150,000 incentive common stock options to several directors and officers of the Company, plus five consultants. The options have an exercise price of $0.10, vest in three equal tranches over the next 24 months and expire on December 18, 2025. These grants partially replace 3,550,000 options awarded in 2015 that expired unexercised on November 5, 2020.The Company also approved grants to four officers and three directors of an aggregate of 1,950,000 restricted share units that will vest on January 4, 2021, and which have an expiry date of December 31, 2023.The Company is also pleased to announce that all matters tabled at its annual and special shareholders...