Day: February 18, 2021

BOUCHERVILLE, Québec, Feb. 18, 2021 (GLOBE NEWSWIRE) — Colabor Group Inc. (TSX:GCL) (“Colabor” or the “Company”) today announces the closing of its refinancing including:The Company entered into a credit agreement for a new first-ranking secured credit facility for a total amount of $80 million, comprised of a revolving credit of $50 million and a term loan of $30 million. The credit facility bears interest at the cost of funds plus a margin varying between 1.75% to 3.25% depending on the Company’s leverage ratios and matures in February 2025. The term loan is repayable in the amount of $3 million per year. The credit agreement includes an accordion clause allowing the credit facility to be increased by mutual agreement by an additional $20 million. This facility replaces the existing credit facility.The Company also entered into...

BOUCHERVILLE, Québec, 18 févr. 2021 (GLOBE NEWSWIRE) — Groupe Colabor inc. (TSX:GCL) (« Colabor » ou la « Société ») annonce aujourd’hui la clôture de son refinancement qui comprend :La Société a conclu une entente pour une nouvelle facilité de crédit garantie de premier rang d’un montant autorisé de 80 millions $, incluant un crédit rotatif de 50 millions $ et un prêt à terme de 30 millions $. La facilité de crédit porte intérêt au coût des fonds majoré de 1,75 % à 3,25 % selon les ratios de levier financier de la Société et vient à échéance en février 2025. Le prêt à terme est remboursable d’un montant de 3 millions $ par année. L’entente contient une clause accordéon permettant, de gré à gré, l’augmentation de la facilité de crédit de 20 millions $. Cette facilité remplace la facilité de crédit existante.La Société a aussi conclu...

FRISCO, TX, Feb. 18, 2021 (GLOBE NEWSWIRE) — Comstock Resources, Inc. (“Comstock” or the “Company”) (NYSE: CRK) announced today that it has amended its previously announced cash tender offers (the “Tender Offers”) to purchase up to $750.0 million aggregate purchase price  (the “Aggregate Maximum Tender Amount”) of its outstanding 7.5% senior notes due 2025 (the “2025 Notes”) and 9.75% senior notes due 2026 (the “2026 Notes”, and together with the 2025 Notes, the “Notes”).The Company has amended the Aggregate Maximum Tender Amount to increase the aggregate purchase price of Notes subject to the Tender Offers from $750.0 million to $1.0 billion, as well as to increase the aggregate maximum principal amount of 2026 Notes to be accepted (the “2026 Combined...

FRISCO, TX, Feb. 18, 2021 (GLOBE NEWSWIRE) — Comstock Resources, Inc. (NYSE:CRK) (“Comstock” or the “Company”) announced today the pricing of its private placement of new 6.75% senior notes due 2029 in the aggregate principal amount of $1.0 billion, which was increased from the originally proposed $750.0 million offering (the “Notes”).  The Notes were sold at par.  The offering is expected to close on March 4, 2021, subject to customary closing conditions. The aggregate net proceeds from the sale of the Notes are expected to be approximately $984.0 million, after deducting the initial purchasers’ discounts and other offering expenses, and the Company intends to use such proceeds, together with, if necessary, borrowings under its bank credit facility or cash on hand, to fund the concurrent tender...

TORONTO, Feb. 18, 2021 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) is pleased to announce that its board of directors (the “Board”) has declared a monthly cash dividend of $0.0575 per common share (“Common Share”) of the Company to be paid on March 15, 2021 to holders of Common Shares of record on February 26, 2021.The Company also offers a Dividend Reinvestment Plan (the “Plan”), which is eligible to holders of Common Shares and provides a convenient means to purchase additional Common Shares by reinvesting cash dividends at a potential discount and without having to pay commissions, service charges or brokerage fees.Pursuant to the Plan and at the discretion of Timbercreek Capital Inc., the Manager, Common Shares will be acquired in the open market at prevailing prices or issued from treasury at 98 percent...

VANCOUVER, British Columbia, Feb. 18, 2021 (GLOBE NEWSWIRE) — FIRST MAJESTIC SILVER CORP. (AG: NYSE; FR: TSX) (the “Company” or “First Majestic”) is pleased to announce the consolidated financial results for the Company’s fourth quarter and year ended December 31, 2020. The full version of the financial statements and the management discussion and analysis can be viewed on the Company’s website at www.firstmajestic.com, on SEDAR at www.sedar.com and EDGAR at www.sec.gov. All amounts are in U.S. dollars unless stated otherwise.2020 HIGHLIGHTSGenerated robust revenues of $363.9 million primarily due to strong silver production and higher metal prices in the second half of 2020 which helped to offset reduced revenues in Q2 2020 due to Mexico’s national COVID-19 shutdown.Mine operating earnings of $105.1 million primarily...

DULUTH, Minn., Feb. 18, 2021 (GLOBE NEWSWIRE) — IKONICS Corporation (the “Company” or “IKONICS”) (NASDAQ:IKNX), a Duluth-based imaging technology company, announced 2020 and fourth quarter financial results. IKONICS had 2020 revenue of $13,432,000, down 23.8% from the prior year. The Company realized a net loss for 2020 of $439,000, or $0.22 per diluted share, compared to a 2019 loss of $814,000, or $0.41 per diluted share. Fourth quarter sales were $4,228,000, down 14.8% versus the same quarter in 2019. Earnings for the fourth quarter improved from a loss of $80,000, or $0.04 per diluted share, in 2019 to income of $1,463,000, or $0.74 per diluted share in 2020. Year-to-date and fourth quarter earnings in 2020 were both favorably impacted by the Company receiving forgiveness on its $1,215,000 SBA PPP loan.Glenn Sandgren, IKONICS’...

SANTA MONICA, Calif., Feb. 18, 2021 (GLOBE NEWSWIRE) — Leaf Group Ltd. (NYSE: LEAF), a diversified consumer internet company that builds enduring, creator-driven brands that reach passionate audiences in large and growing lifestyle categories, today announced it will report its fourth quarter 2020 financial results after market close on February 25, 2021.  Together with a standard earnings release announcing its fourth quarter 2020 financial results, Leaf Group will also release a Shareholder Letter, which will be posted on its investor website at ir.leafgroup.com on February 25, 2021. The Leaf Group Shareholder Letter will include a quarterly earnings review along with a more detailed discussion of business trends and key topics. Leaf Group will also host a presentation during its conference call to discuss the results at 5:00...

WESTLAKE VILLAGE, Calif., Feb. 18, 2021 (GLOBE NEWSWIRE) — MannKind Corporation (Nasdaq: MNKD), a company focused on the development and commercialization of inhaled therapeutic products for patients with endocrine and orphan lung diseases, announced today that its Chief Executive Officer, Michael Castagna, PharmD, will participate in a Fireside Chat at the 2021 SVB Leerink Global Healthcare Conference on Thursday, February 25, 2021 at 1:00 pm (ET). Interested parties can access a link to the webcast from the Events & Presentations section of the Company’s website at http://www.mannkindcorp.com. The webcast replay will remain available for 14 days following the live presentation.About MannKind CorporationMannKind Corporation (NASDAQ: MNKD) focuses on the development and commercialization of inhaled therapeutic products...

NEW YORK, Feb. 18, 2021 (GLOBE NEWSWIRE) — INDUS Realty Trust, Inc. (Nasdaq: INDT) (“INDUS” or the “Company”) today reported financial results for the three months ended November 30, 2020 (the “2020 fourth quarter”) and the twelve months ended November 30, 2020 (“fiscal 2020”).2020 Fourth Quarter & Recent HighlightsNet Loss of ($11.1) million and ($12.7) million for the 2020 fourth quarter and fiscal 2020, respectively, an increase of 328% in net loss compared to the three months ended November 30, 2019 (the “2019 fourth quarter”) and a decrease of 447% from net income during the twelve months ended November 30, 2019 (“fiscal 2019”)Net Operating Income (“NOI”)* of $7.1 million and $26.9 million for the 2020 fourth quarter and fiscal 2020, respectively (respective increases of 12.6% and 11.1% over the 2019 fourth quarter and...