Day: December 24, 2020

TORONTO, Dec. 24, 2020 (GLOBE NEWSWIRE) — The Flowr Corporation (TSX.V: FLWR; OTC: FLWPF) (“Flowr” or the “Company”) is pleased to announce it has completed the early conversion of certain of its 10.0% subordinated secured convertible debentures due April 27, 2024 (the “Debentures”) pursuant to the previously announced early conversion opportunity (the “Early Conversion Opportunity”). Approximately $16.4 million aggregate principal amount of Debentures were converted under the Early Conversion Opportunity, resulting in the issuance of approximately 47.8 million common shares of the Company. Upon closing of the Early Conversion Opportunity, there were approximately $5.1 million aggregate principal amount of Debentures still outstanding. All such outstanding Debentures will continue to be governed by the terms of the indenture between...

SAN FRANCISCO, Dec. 24, 2020 (GLOBE NEWSWIRE) — Shift Technologies, Inc. (NASDAQ: SFT), “Shift,” a leading end-to-end ecommerce platform for buying and selling used cars, today announced the completion of its previously announced exchange offer (the “Offer”) and consent solicitation relating to its publicly traded warrants. The Company was advised that 6,980,262 publicly traded warrants, including 3,958 public warrants tendered through guaranteed delivery, representing approximately 92.7% of the total public warrants outstanding, were validly tendered and not withdrawn prior to the expiration of the Offer. The Company expects to issue an aggregate of 1,745,078 shares of Class A common stock (“Common Stock”) and pay $6,980,262 in cash in exchange. The Company also executed an amendment to the warrant agreement governing its outstanding...

NEW YORK, Dec. 24, 2020 (GLOBE NEWSWIRE) — PennantPark Floating Rate Capital Ltd. (the “Company”) (NASDAQ: PFLT) (TASE: PFLT) today announced that PennantPark Senior Secured Loan Fund I, LLC, “PSSL”, through PSSL’s wholly-owned and consolidated subsidiary, PennantPark CLO II, Ltd. has priced a three-year reinvestment period, eleven-year final maturity $300.7 million debt securitization in the form of a collateralized loan obligation (“CLO”). The debt issued in the CLO (the “Debt”) is structured in the following manner:PSSL will retain all the Class E Notes and Subordinated Notes through a consolidated subsidiary. The reinvestment period for the term debt securitization ends in January 2024 and the Debt is scheduled to mature in January 2032. The term debt securitization is expected to be approximately 95% funded at close. The proceeds...

TORONTO, Dec. 24, 2020 (GLOBE NEWSWIRE) — Flow Capital Corp. (TSXV: FW) (“Flow Capital” or the “Company”) is announcing that Wedge Networks, Inc. (“Wedge”) has completed a buyout of Flow Capital’s royalty investment for $1,250,000.“The team at Wedge has developed a compelling solution to address cyber security threats. With the increased dependence on telecommuting, due to the ongoing pandemic, and a global digital cold war, safeguards against such threats have become even more critical. Flow Capital is glad to have participated in their growth, and we wish them well,” said Alex Baluta, CEO, Flow Capital.“Partnering with Flow has been very important to Wedge. Alex and his team at Flow demonstrated an ability to understand the capabilities of our innovations and to visualize the potential of our solutions. The past twelve months...

VANCOUVER, British Columbia, Dec. 24, 2020 (GLOBE NEWSWIRE) — Nevada Exploration Inc. (“NGE” or the “Company”) (TSX-V:NGE; OTCQB:NVDEF) is pleased to announce that it has closed its previously announced non-brokered private placement offering (the “Offering”), pursuant to which it has issued 26,448,000 units (the “Units”) at a price of $0.125 per Unit, for gross proceeds of $3,306,000 – an increase of approximately 8.9 million Units from the 17.5 million Units contemplated in the news release dated November 30, 2020.Commenting on the Offering and the Company’s next-stage plans at its flagship South Grass Valley Carlin-type gold project, NGE’s CEO, Wade Hodges: “We sincerely thank our stakeholders for their support. With this financing complete, our goal is to restart drilling as soon as possible.“As we laid out in our last...

KELOWNA, British Columbia, Dec. 24, 2020 (GLOBE NEWSWIRE) — Allied Corp. (“Allied”) (OTCQB: ALID) – an international medical cannabis company focused on creating and providing health solutions to address today’s medical mental health issues is pleased to announce the signing of a letter of intent to acquire the psilocybin company Pacific Sun Fungi (“Pacific Sun”). This further expands upon Allied’s press release of October 20, 2020 communicating the submission of the provisional patent for Allied’s functional mushroom formulation targeting major depression and anxiety.Pacific Sun is a British Columbia corporation that has been working on Research and Development activities in the psilocybin space for the past 10 years. Pacific Sun holds several formulations that have been tested under physician supervision. Pacific Sun...

Icelandair has entered into an agreement with Sky Aero Management (SKY Leasing) regarding a sale and leaseback of two Boeing 737 MAX9 aircraft. The aircraft are expected for delivery in Q2 2021. The lease period for each aircraft will be 12 years. As previously announced, Icelandair had already agreed on a sale and leaseback financing with BOC Aviation on one Boeing 737 MAX8 aircraft which is expected for delivery in Q2 2021 along with a backstop financing regarding the two aircraft which will not be exercised. However, the backstop financing remains in place for the three Boeing 737 MAX aircraft expected for delivery in Q4 2021 and Q1 2022.Contact informationInvestors: Iris Hulda Thorisdottir, Director Investor Relations. E-mail: iris@icelandairgroup.is Media: Asdis Petursdottir, Director Communications. E-mail: asdis@icelandair.is

ALMONTE, Ontario, Dec. 24, 2020 (GLOBE NEWSWIRE) — 3 Sixty Risk Solutions Ltd. (“3 Sixty” or the “Company”) (CSE: SAFE) (OTCQB: SAYFF) (FSE: 62P2) is pleased to provide an update regarding its business and operations to company stakeholders.CorrectionFor purposes of clarity, accuracy, and fairness, 3 Sixty Secure (the “Company”) would like to unequivocally state that all relevant financial records were provided to the Company by David Hyde, formerly of David Hyde and Associates. Since my arrival on the Board of Directors and much more recently after assuming the interim CEO position with the firm, Mr. Hyde and his team have been nothing short of exceptional. They have been unrelenting in their assistance to our team and to the auditors. When the financials are completed, which the firm requires to apply to have the Cease Trade Order...

KELOWNA, British Columbia, Dec. 24, 2020 (GLOBE NEWSWIRE) — Allied Corp. (“Allied”) (OTCQB: ALID) – an international medical cannabis company focused on creating and providing health solutions to address today’s medical mental health issues is pleased to announce the signing of a letter of intent to acquire the psilocybin company Pacific Sun Fungi (“Pacific Sun”). This further expands upon Allied’s press release of October 20, 2020 communicating the submission of the provisional patent for Allied’s functional mushroom formulation targeting major depression and anxiety.Pacific Sun is a British Columbia corporation that has been working on Research and Development activities in the psilocybin space for the past 10 years. Pacific Sun holds several formulations that have been tested under physician supervision. Pacific Sun...

TORONTO, Dec. 24, 2020 (GLOBE NEWSWIRE) — Doré Copper Mining Corp. (the “Corporation” or “Doré Copper“) (TSXV: DCMC, OTCQB: DRCMF) is pleased to announce that it has closed an initial tranche of its previously announced non-brokered private placement (the “Offering“), pursuant to which the Corporation sold an aggregate of 5,800,378 common shares in the capital of the Corporation (“Offered Shares“) at a price of C$0.68 per Offered Share for aggregate gross proceeds of C$3,944,257.04. A second tranche of the Offering is expected to close in January.Cormark Securities Inc., Paradigm Capital Inc., Haywood Securities Inc. and Red Cloud Securities Inc. acted as finders (each, a “Finder“) in connection with the initial tranche of the Offering. In consideration for acting as a...