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Year: 2020

Interfor Reports Record Q3’20 Results and Announces Share Buyback Program

EBITDA1of $222 million on Sales of $645 millionNet Debt to Invested Capital1of 8%; Liquidity of $637 millionBURNABY, British Columbia, Nov. 05, 2020 (GLOBE NEWSWIRE) — INTERFOR CORPORATION (“Interfor” or the “Company”) (TSX: IFP) recorded net earnings in Q3’20 of $121.6 million, or $1.81 per share, compared to $3.2 million, or $0.05 per share in Q2’20 and a net loss of $35.6 million, or $0.53 per share in Q3’19. Adjusted net earnings in Q3’20 were $140.0 million compared to $10.6 million in Q2’20 and an Adjusted net loss of $11.8 million in Q3’19.Adjusted EBITDA was a record $221.7 million on sales of $644.9 million in Q3’20 versus $42.8 million on sales of $396.8 million in Q2’20.Notable items in the quarter:• Higher Lumber PricesInterfor’s average lumber selling price increased $264 per mfbm from Q2’20 to $910 per mfbm. The key...

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Cluny Capital Announces Execution of Definitive Agreement for Qualifying Transaction

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN.TORONTO, Nov. 05, 2020 (GLOBE NEWSWIRE) — Cluny Capital Corp. (the “Company”) (TSXV:CLN.H), a capital pool company pursuant to Policy 2.4 of the TSX Venture Exchange (the “TSXV”), is pleased to announce that it has entered into a definitive agreement with Teonan Biomedical Inc. (“Teonan”) for the proposed combination of the two companies (the “Proposed Transaction”). The Proposed Transaction is intended to constitute the Company’s Qualifying Transaction (as such term is defined by the TSXV) and would result in a reverse take-over of the Company by Teonan. The parties had originally entered into a binding letter of intent dated July 28, 2020 which was announced by the Company on...

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Noranda Income Fund Extends Terms of Agreements With Glencore Canada

TORONTO, Nov. 05, 2020 (GLOBE NEWSWIRE) — Noranda Income Fund (TSX:NIF.UN) (the “Fund”) announced today that it has extended its exclusive agreements with Glencore Canada for the purchase of zinc concentrate and the sale of zinc metal for an additional period of three years through to April 30, 2025. The Supply and Processing Agreement (“SPA”) non-renewal notice period has also been amended to 540 days before April 30, 2025 or any subsequent renewal date thereafter, an increase from the 180 days required by the original agreement.In addition, in the event of a non-renewal of the SPA, Glencore Canada has agreed to use reasonable commercial efforts to provide the Fund with transitional assistance as may be reasonably required to allow the Fund to secure zinc concentrate and to market the zinc metal it produces following the expiry...

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Le Fonds de revenu Noranda prolonge des conventions avec Glencore Canada

TORONTO, 05 nov. 2020 (GLOBE NEWSWIRE) — Le Fonds de revenu Noranda (TSX : NIF.UN) (le « Fonds ») a annoncé aujourd’hui la prolongation de ses conventions avec Glencore Canada visant l’exclusivité de l’achat de concentré et la vente de zinc pour une période supplémentaire de trois ans, soit jusqu’au 30 avril 2025. La période d’avis de non-renouvellement de la convention d’approvisionnement et de traitement (« CAT ») a également été modifiée pour passer à 540 jours avant le 30 avril 2025 ou à toute autre date de renouvellement ultérieure par la suite, soit une augmentation par rapport aux 180 jours requis par la convention initiale.En outre, en cas de non-renouvellement de la CAT, Glencore Canada a accepté de fournir des efforts de nature commerciale raisonnables pour fournir au Fonds l’aide transitoire qui pourrait être raisonnablement...

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Houston Wire & Cable Company Announces Results for the Quarter Ended September 30, 2020, Update on Continuing Cost and Debt Reduction

HOUSTON, Nov. 05, 2020 (GLOBE NEWSWIRE) — Houston Wire & Cable Company (NASDAQ: HWCC) (the “Company”) announced operating results for the third quarter ended September 30, 2020 and progress on its continuing cost and debt reduction programs.Third Quarter 2020Revenue of $70.2 million up 5.2% sequentially from $66.8 million in Q2Operating expenses as a percentage of sales decreased 252 bps, a 5.6% improvement sequentially versus Q2Revolver debt decreased $19.3 million or 25.8% sequentially versus Q2 and $30.6 million or 35.7% versus Q1 2020Return to positive EBITDA of $0.4 million for Q3Net loss of ($0.7) million identical to a net loss of ($0.7) million in the third quarter of 2019Operational UpdatePresident & Chief Executive Officer James Pokluda commented, “Throughout the third quarter, the Company made notable progress...

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P2 Gold Announces Financing

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.VANCOUVER, British Columbia, Nov. 05, 2020 (GLOBE NEWSWIRE) — P2 Gold Inc. (“P2” or the “Company”) (TSX-V:PGLD) is pleased to announce that it intends to complete a non-brokered private placement of units (the “Private Placement”) with a single subscriber.The Private Placement will consist of 2,500,000 units (the “Units”) at a price of $0.40 per Unit for gross proceeds of $1 million. Each Unit will consist of one common share in the capital of the Company and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one additional common share in the capital of the Company at an exercise price of $0.65 per common...

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WIRELESS TELECOM GROUP ANNOUNCES THIRD QUARTER 2020 FINANCIAL RESULTS WILL BE RELEASED NOVEMBER 13, 2020

Parsippany, New Jersey, USA, Nov. 05, 2020 (GLOBE NEWSWIRE) — Wireless Telecom Group, Inc. (NYSE American: WTT), a leader in wireless communications and radio frequency instrumentation, announced it will release its third quarter 2020 financial results on Friday, November 13th, 2020, before the market opens.The Company will host a conference call on Friday, November 13th, 2020 at 8:30 am EST in which management will discuss third quarter results. To participate in the conference call, dial 800-346-7359 or 973-528-0008. The conference identification number is 442232. The call will also be webcast over the internet at the following URL:https://www.webcaster4.com/Webcast/Page/1690/38126A replay will be made available on the Wireless Telecom website following the conference call.– END –About Wireless Telecom GroupWireless...

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多尼斯(国际)股份有限公司宣布新工厂开业

中国东莞, Nov. 06, 2020 (GLOBE NEWSWIRE) — 多尼斯(国际)股份有限公司(Dogness (International) Corporation,以下称“多尼斯”或“公司”)(NASDAQ: DOGZ)是一家位于中国的宠物产品开发和制造公司,其产品包括智能产品、卫生产品、健康和保健产品以及牵引绳产品。该公司今天宣布其在中国厦门附近的新工厂竣工。新工厂面积约20,000平方米, 总建筑面积约为19,000平方米。该工厂将生产多尼斯的传统宠物产品系列,包括颈圈,胸背带,牵引绳和系索等600多SKU产品。该工厂采用先进自动化设备,使得多尼斯的传统产品产量可以翻一番。“厦门附近的新工厂开业将大幅度地扩大我们传统产品线的生产能力,” 多尼斯董事长兼首席执行官陈四龙先生表示:“通过提高制造能力,我们将能够满足北美和中国市场不断增加的大额订单的需求,从而扩大生产,提高销售。这一成就将促进我们的未来发展, 帮助我们继续推进成为宠物产品行业国际领先品牌的战略。”关于多尼斯多尼斯(国际)股份有限公司创立于2003年,其创立理念是:宠物狗和宠物猫是家庭中重要且深受喜爱的成员。多尼斯以其智能产品、卫生产品、健康和保健产品以及牵引产品简化宠物生活方式,提升豢养宠物的科学性,增进宠物和看护者之间的关系。公司通过完全集成的垂直供应链和世界级研发能力,确保提供业界领先的质量,目前公司拥有的专利和待审批专利已超过200项。多尼斯产品通过全球连锁商店和分销商提供给全球各地家庭。有关更多信息,请访问:ir.dogness.com。前瞻性声明本新闻稿中的任何声明均不得解释为购买或出售任何证券的要约。此类要约只能根据经修订的《1933年证券法》和适用的各州证券法律提出。本新闻稿中关于我们未来增长前景的某些声明属前瞻性声明,涉及我们未来的业务预期,意在根据1995年《私人证券诉讼改革法案》满足“安全港”资格要求,其中涉及多项可能导致实际结果与此类前瞻性声明中的结果发...

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Town and Country Financial Corporation Reports Record Third Quarter 2020 Financial Results

SPRINGFIELD, Ill., Nov. 05, 2020 (GLOBE NEWSWIRE) — Town and Country Financial Corporation (the “Company”) (OTC Pink: TWCF) today announced financial results for the third quarter of 2020.Key highlights included:Record third quarter 2020 net income of $2.1 million, up slightly from third quarter 2019, and after a quarterly provision for loan losses of $1.5 million.Record net revenue of $12.2 million, driven primarily by strong mortgage volumes in addition to continued growth in net interest income.Mortgage banking fees were up $1.6 million (67%) in the third quarter of 2020 compared to the third quarter of 2019 and up $2.4 million (44%) year-to-date 2020 compared to year-to-date 2019.Micah R. Bartlett, President and Chief Executive Officer, noted, “We continue to deliver solid results in our mortgage banking and commercial banking...

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Caldas Gold Announces Closing of the Precious Metals Stream With Wheaton Precious Metals on the Marmato Project

TORONTO, Nov. 05, 2020 (GLOBE NEWSWIRE) — Caldas Gold Corp. (TSX-V: CGC; OTCQX: ALLXF) announced today that it has entered into a definitive Precious Metals Purchase Agreement (the “Precious Metals Stream”) with Wheaton Precious Metals International Ltd. (“Wheaton International”), a wholly-owned subsidiary of Wheaton Precious Metals™ Corp., in respect to the Company’s Marmato Project located in Colombia. The Marmato Project comprises an existing operating mine (the “Upper Mine”) and the Marmato Deeps Zone (“MDZ”) development, both of which are covered by the Precious Metals Stream. Scotiabank acted as financial advisor to Caldas Gold.Wheaton International will purchase 6.5% of the gold production and 100% of the silver production from the Marmato Project until 190,000 ounces of gold and 2.15 million ounces of silver have been delivered,...

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