Cardinal Announces Its 2021 Operating and Capital Budget Focused on Continued Debt Reduction and Asset Optimization

Written by Customer Service on January 15, 2021. Posted in Public Companies.

CALGARY, Alberta, Jan. 15, 2021 (GLOBE NEWSWIRE) — (CJ:TSX) Cardinal Energy Ltd. (“Cardinal” or the “Company”) is pleased to announce that its Board of Directors has approved an operating and capital budget for 2021 that will focus on debt reduction, maintaining production levels and abandonment and reclamation expenditures.Highlights of 2021 Budget Generates adjusted funds flow of $70 to $75 million;Approximately $40 to $45 million or 55% to 60% of adjusted funds flow will be utilized for debt repayment;Forecasting a 20% reduction in net bank debt by year-end;Executing a conservative capital program of $25 to $30 million focused on reactivations, continued upgrades to our pipeline and facility infrastructure, and increasing CO2 injection at the Midale enhanced oil recovery project;Maintaining average production...

Neovasc Responds to FDA Not-Approvable Letter Regarding Neovasc Reducer™

Written by Customer Service on January 15, 2021. Posted in Public Companies.

VANCOUVER and MINNEAPOLIS, Jan. 15, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — Neovasc Inc. (“Neovasc” or the “Company”) (Nasdaq, TSX: NVCN) announced today that it has received a “not-approvable” letter from U.S. Food & Drug Administration (FDA) regarding its PMA submission for the Neovasc Reducer™ (Reducer). Fred Colen, Neovasc CEO, said, “While we are disappointed in FDA’s decision, the letter was not unexpected, given the outcome of the Panel meeting.” He continued, “Millions of patients suffer from refractory angina, and for many, the Reducer offers hope for symptom relief. We will continue to evaluate our strategic options for bringing the Reducer to patients around the world.”The FDA reviewed Reducer for treatment of patients with refractory angina pectoris despite guideline directed medical therapy, who are unsuitable...

Marathon Patent Group Announces Closing of $250.0 Million Registered Direct Offering of Common Stock

Written by Customer Service on January 15, 2021. Posted in Public Companies.

LAS VEGAS, Jan. 15, 2021 (GLOBE NEWSWIRE) — Marathon Patent Group, Inc. (Nasdaq:MARA) (“Marathon” or “Company”) today announced the closing of its previously announced registered direct offering of 12,500,000 shares of its common stock at a price of $20.0 per share in the offering. The gross proceeds to the Company were $250.0 million, before deducting placement agent fees and other offering expenses.H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.The Company intends to use the net proceeds of the offering for general corporate purposes and to fund ongoing operations and expansion of its business.An automatic shelf registration statement on Form S-3 (File No. 333-252053) relating to the offering of the shares of common stock described above was filed with the Securities and Exchange Commission...

Allegro MicroSystems, Inc. to Announce Third Quarter Fiscal Year 2021 Financial Results on Tuesday, February 2, 2021

Written by Customer Service on January 15, 2021. Posted in Public Companies.

Manchester, N.H., Jan. 15, 2021 (GLOBE NEWSWIRE) — Allegro MicroSystems, Inc. (Nasdaq: ALGM) today announced it will release financial results for the third quarter fiscal year 2021 prior to the market opening on Tuesday, February 2, 2021. Following the press release, the Company will host a conference call at 8:30AM Eastern time the same day. Ravi Vig, President and Chief Executive Officer, and Paul Walsh, Senior Vice President, Finance & Administration and Chief Financial Officer, will discuss the Company’s results and business outlook.Analysts and investors are invited to join the conference call using the following information:What: Allegro MicroSystems’ 3Q Fiscal 2021 Earnings Conference CallWhen: Tuesday, February 2, 2021Time: 8:30 a.m. EST Conference Dial-in: 1-833-665-0677International Dial-in: 1-929-517-0172Conference...

Monroe Capital Corporation Prices Offering of $130 Million 4.75% Notes Due 2026

Written by Customer Service on January 15, 2021. Posted in Public Companies.

CHICAGO, Jan. 15, 2021 (GLOBE NEWSWIRE) — Monroe Capital Corporation (the “Company”) (NASDAQ: MRCC) announced today that it priced a public offering of $130 million aggregate principal amount of 4.75% notes due 2026 (the “Notes”) on January 15, 2021. The Notes will mature on February 15, 2026, and may be redeemed in whole or in part at any time or from time to time at the Company’s option at par plus a “make-whole” premium, if applicable. The Notes will bear interest at a rate of 4.75% per year payable semi-annually on February 15 and August 15 of each year, beginning August 15, 2021.Raymond James & Associates, Inc. is acting as book-running manager for this offering. ING Financial Markets LLC, B. Riley Securities, Inc., Huntington Securities, Inc., Janney Montgomery Scott LLC, Ladenburg Thalmann & Co. Inc. and Oppenheimer...

Credicorp Ltd.: Credicorp’s “4Q20 quiet period”

Written by Customer Service on January 15, 2021. Posted in Public Companies.

Lima, Jan. 15, 2021 (GLOBE NEWSWIRE) — Lima, PERU, January 15, 2021 — Credicorp (NYSE: BAP) announces that in accordance with its corporate disclosure policies and to prevent any leaks of financial results and ensure fairness, the Company will start the quiet period for 4Q20’s earnings release on January 25. This period will end on the date of the release, February 08. During the quiet period, the Company will not disclose any financial information, comment on financial results, or respond to related questions.About CredicorpCredicorp Ltd. (NYSE: BAP) is the leading financial services holding company in Peru with presence in Chile, Colombia and Bolivia. Credicorp has a diversified business portfolio organized into four lines of business: Universal Banking, through Banco de Credito del Peru – BCP and Banco de Credito de Bolivia;...

Nano Dimension Interview to Air on Bloomberg International on the RedChip Money Report

Written by Customer Service on January 15, 2021. Posted in Public Companies.

Sunrise, Florida , Jan. 15, 2021 (GLOBE NEWSWIRE) — Nano Dimension Ltd. (NASDAQ: NNDM), an industry leading Additively Manufactured Electronics (AME)/PE (Printed Electronics) provider, today announced an interview with President and CEO Yoav Stern will air on The RedChip Money Report television program. The RedChip Money Report airs in 100 million homes on Sundays at 6 p.m. local time in every country in Europe on Bloomberg International. In the exclusive interview, Stern discusses Nano Dimension’s game-changing fabrication technology and plans for growth.To view the interview segment, please visit: https://youtu.be/oXo8GmiF4a4“The RedChip Money Report” delivers insightful commentary on small-cap investing, interviews with Wall Street analysts, financial book reviews, as well as featured interviews with executives of public...

INSU Acquisition Corp. II Announces Effectiveness of Registration Statement for Proposed Business Combination with Metromile

Written by Customer Service on January 15, 2021. Posted in Public Companies.

PHILADELPHIA, Jan. 15, 2021 (GLOBE NEWSWIRE) — INSU Acquisition Corp. II, a publicly traded special purpose acquisition company (the “Company”) (“INSU II”) (NASDAQ: INAQ), announced today that its registration statement on Form S-4 (File No. 333-250989) (as amended, the “Registration Statement”), relating to the previously announced business combination (the “Business Combination”) with MetroMile, Inc. (“Metromile”), has been declared effective by the U.S. Securities and Exchange Commission (“SEC”) and that it will commence mailing of the definitive proxy statement/prospectus relating to the Special Meeting (the “Special Meeting”) of the Company’s stockholders to be held on February 9, 2021 in connection with the Business Combination. In light of the novel coronavirus (referred to as “COVID-19”) pandemic and to support the well-being...

Bullion Gold Corp. Completes the Acquisition of Turgeon Lake Property, Chicobi Group (Abitibi, Quebec) and Appoints New CFO

Written by Customer Service on January 15, 2021. Posted in Public Companies.

VANCOUVER, British Columbia, Jan. 15, 2021 (GLOBE NEWSWIRE) — The management of Bullion Gold Resources Corp. (“The Company” or “Bullion Gold”) is pleased to announce the completion of the previously disclosed acquisition of the Turgeon Lake property and the nomination of Mr. Martin Nicoletti CPA as Chief Financial Officer effective immediately.The Turgeon Lake project consists of 39 claims covering a total area of 2,203.28 hectares located in Chazel and Lavergne Townships, NTS 32D15 and 32E02, 95 kilometers north of the Rouyn-Noranda mining district and 36 kilometers north of Macamic in the Abitibi-Temiscamingue region in Northwestern Quebec, Canada. The center of the property is located at 652 700E, 5 430 300N UTM Zone 17 (NAD 83). Geologically, the project area lies within the Archean Abitibi Greenstone Belt on the southeast central...

Park Hotels & Resorts Announces Tax Treatment of 2020 Dividends

Written by Customer Service on January 15, 2021. Posted in Public Companies.

TYSONS, Va., Jan. 15, 2021 (GLOBE NEWSWIRE) — Park Hotels & Resorts Inc. (NYSE: PK) (the “Company”) today announced the tax reporting information for its 2020 cash distributions on its Common Stock.The distributions, totaling $0.45 per share, were paid on April 15, 2020. Due to the financial impacts from the COVID-19 pandemic, Park suspended distributions on its Common Stock for the remainder of the year.For income tax purposes, the dividends for 2020, totaling $0.45 per share, are classified as $0.244571 (54.349187%) Total ordinary dividends, $0.005000 (1.111105%) Qualified dividends, and $0.205429 (45.650813%) Total capital gain distribution. The Total ordinary dividends include Section 199A dividends of $0.239571 (53.238082%).The following table summarizes the income tax treatment of the Company’s 2020 dividend:2020...

Day: January 15, 2021

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