Month: December 2020

TORONTO, Dec. 10, 2020 (GLOBE NEWSWIRE) — The Becker Milk Company Limited (the “Company”) (TSX-BEK.B) is pleased to report the results for the six months ended October 31, 2020.HIGHLIGHTSTotal revenues for the six months ended October 31, 2020 were $1,524,336 compared to $1,618,664 for the same period in 2019;Net operating income for Q2 fiscal 2021 was $1,296,169 compared to $1,328,088 in fiscal 2020;Net income for Q2 fiscal 2021 was $ 0.23 per share, compared to $0.25 per share in fiscal 2020.FINANCIAL HIGHLIGHTSNet operating income for the six months ended October 31, 2020 was $1,296,169, a $31,919 decrease compared with the previous year as a result of decreased revenue for the quarter.Components of the $30,917 decrease in net income for the six months ended October 31, 2020 compared to the six months ended October 31, 2019 are:ADJUSTED...

 11 December, 2020, 00:10 CETArcelorMittal announces that it has signed a binding agreement (the ‘Investment Agreement’) with Invitalia, an Italian state-owned company, forming a public-private partnership between the parties. The Investment Agreement will result in a recapitalization of AM InvestCo, ArcelorMittal’s subsidiary which signed the lease and obligation to purchase agreement for Ilva’s business. Invitalia will invest in AM InvestCo in two tranches:The first investment of €400 million will be made by 31 January 2021 (subject to EU antitrust authorization), providing Invitalia with joint control over AM InvestCo;The second tranche of up to €680 million is payable on closing of AM InvestCo’s purchase of Ilva’s business, which is subject to the satisfaction of various conditions precedent* by May 2022, at which point Invitalia’s...

MALVERN, Pa., Dec. 10, 2020 (GLOBE NEWSWIRE) — Ocugen, Inc. (NASDAQ: OCGN), a biopharmaceutical company focused on discovering, developing, and commercializing transformative therapies to cure blindness diseases, today announced that it will postpone its 2020 Annual Meeting of Stockholders to December 23, 2020 to provide its stockholders additional time to vote on the proposals submitted for stockholder approval at the meeting.The record date for determining stockholders eligible to vote at the annual meeting will remain the close of business on October 28, 2020. Stockholders who have already submitted a proxy do not need to vote again for the reconvened annual meeting scheduled for Wednesday, December 23, 2020 at 11 a.m. Eastern time, as the proxies submitted will remain valid.Ocugen stockholders as of close of business on October...

VANCOUVER and MINNEAPOLIS, Dec. 10, 2020 (GLOBE NEWSWIRE) — via NewMediaWire — Neovasc, Inc. (“Neovasc” or the “Company”) (NASDAQ, TSX:NVCN), announced today that it has received written notification (the “Notification Letter”) from The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it is not in compliance with the minimum market value requirement set forth in Nasdaq Rules for continued listing on the Nasdaq Capital Market. Nasdaq Listing Rule 5550(b)(2) requires companies to maintain a minimum market value of US$35 million and Listing Rule 5810(c)(3)(C) provides that a failure to meet the market value requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the market value of the Company for the 30 consecutive business days from October 28,...

TORONTO, Dec. 10, 2020 (GLOBE NEWSWIRE) — Ayr Strategies Inc. (CSE: AYR.A, OTCQX: AYRWF) (“Ayr” or the “Company”), a leading vertically integrated cannabis multi-state operator, is pleased to announce the closing of its previously announced offering of 12.5% Senior Secured Notes (the “Notes”).As part of the offering, led by Canaccord Genuity Corp., Ayr issued US$110 million of notes to a syndicate of institutional investors. The Notes will pay interest of 12.5% per annum, payable semi-annually, with a maturity 48 months from closing.The Notes contain certain covenants and restrictions on Ayr’s business, including restrictions on the incurrence of debt, asset sales and dividends and other distributions. The Notes are secured by a first-priority security interest in specified assets of Ayr and certain of its subsidiaries. As previously...

VANCOUVER, British Columbia, Dec. 10, 2020 (GLOBE NEWSWIRE) — Orezone Gold Corporation (TSX.V: ORE OTCQX: ORZCF) announces that pursuant to its Restricted Share Unit (“RSU”) plan, the Company has granted 1,207,000 RSUs to certain officers and employees of the Company. Each RSU is exercisable into one common share of the Company upon vesting. The RSUs will vest in two equal installments on the first and second anniversaries from the date of grant.Orezone Gold CorporationOrezone Gold Corporation (TSX.V: ORE OTCQX: ORZCF) is a Canadian development company which owns a 90% interest in Bomboré, one of the largest undeveloped gold deposits in Burkina Faso.The 2019 feasibility study highlights Bomboré as an attractive shovel-ready gold project with forecasted annual gold production of 118,000 ounces over a 13+ year mine life at an All-In...

New York, NY, Dec. 10, 2020 (GLOBE NEWSWIRE) — Globis Acquisition Corp. (NASDAQ: GLAQU, the “Company”) announced today that it priced its initial public offering of 10,000,000 units at $10.00 per unit. The units are expected to be listed on The Nasdaq Capital Market (“NASDAQ”) and trade under the ticker symbol “GLAQU” beginning on December 11, 2020. Each unit consists of one share of common stock and one redeemable warrant to purchase one share of common stock at $11.50 per share. Once the securities comprising the units begin separate trading, the common stock and warrants are expected to be listed on NASDAQ under the symbols “GLAQ” and “GLAQW”, respectively.The offering is expected to close on December 15, 2020, subject to customary closing conditions.Chardan acted as sole book running manager in the offering. The underwriters have...

FORT LAUDERDALE, Fla., Dec. 10, 2020 (GLOBE NEWSWIRE) — LMP Automotive Holdings, Inc. (NASDAQ: LMPX) (the “Company” or “LMP”), an e-commerce and facilities-based platform for consumers who desire to buy, sell, subscribe to or finance pre-owned and new automobiles, today announced it has engaged Truist Securities, Inc. as the Lead Arranger for up to a $660 million Syndicated Senior Credit Facilities.Sam Tawfik, LMP’s Chief Executive Officer stated, “We chose to partner with Truist because they have proven their leadership in the syndicated and leveraged finance market, accompanied by their strong industry expertise financing growth-oriented dealer platforms, Automotive Retail Investment Banking, Dealer Commercial Services, Dealer Retail Services, Fleet Leasing and Structured Real Estate.”Evan Bernstein, LMP’s Chief Financial...

CHICAGO, Dec. 10, 2020 (GLOBE NEWSWIRE) — Sprout Social, Inc. (“Sprout Social” or the “Company”) (Nasdaq: SPT), an industry-leading provider of cloud-based social media management software, today announced that Raina Moskowitz, Chief Operations, Strategy and People Officer at Etsy, Inc., will be joining their board of directors, effective December 10, 2020.“As Sprout expands our footprint within the industry, we’re excited to have Raina join our board,” said Justyn Howard, CEO of Sprout Social. “She brings deep experience across several disciplines, has a proven track record with world-class companies and is a perfect complement to our board of directors and leadership team.”Raina oversees a number of functions to develop and enable Etsy’s strategy by delivering exceptional service and experiences for both employees and customers....

MISSISSAUGA, Ontario, Dec. 10, 2020 (GLOBE NEWSWIRE) — goeasy Ltd. (TSX: GSY), (“goeasy” or the “Company”), a leading full-service provider of goods and alternative financial services, announced today that it has completed the establishment of a new $200 million revolving securitization warehouse facility (the “Securitization Facility”), structured and underwritten by National Bank Financial Markets.The Securitization Facility, which will be collateralized by consumer loans originated by goeasy’s wholly owned subsidiary, easyfinancial Services Inc., will have an initial term of three years and interest on advances will be payable at the rate of 1-month CDOR (Canadian Dollar Offered Rate) plus 295 bps. Based on the current 1-month CDOR rate of 0.47% as of December 9, 2020, the interest rate would be 3.42%. The Company also intends...