Day: February 24, 2021

SUNNYVALE, Calif., Feb. 24, 2021 (GLOBE NEWSWIRE) — Fortinet, Inc. (Nasdaq: FTNT) announced today that it has priced its underwritten, registered public offering of $1.0 billion aggregate principal amount of senior notes, consisting of $500.0 million aggregate principal amount 1.000% notes due 2026 and $500.0 million aggregate principal amount of 2.200% notes due 2031. The offering is expected to close on March 5, 2021, subject to the satisfaction of customary closing conditions.Fortinet intends to use net proceeds from this offering for general corporate purposes, which may include additions to working capital, financing of capital expenditures, and we may also use the net proceeds of this offering for repayment or redemption of outstanding indebtedness, share repurchases, and future acquisitions and strategic investment opportunities.BofA...

Revenue, GP and EBITDA decline due to strict COVID lockdowns in AustraliaStrategic pivot to enter commercial electric vehicle (EV) market completed with Tembo e-LV acquisitionCompletion of 100% purchase of Tembo post balance date ahead of planExecution of transformational $250 million partnership deal with GB Auto in AustraliaFirst sustainable energy solution (SES) deal with Tottenham Hotspur Football ClubLONDON, Feb. 24, 2021 (GLOBE NEWSWIRE) — VivoPower International PLC (Nasdaq: VVPR, the “Company”) today announced its half year results for the six months ended December 31, 2020.Highlights for the half year ended December 31, 2020 (and key post balance date events):Group revenue declined 28% due to strict COVID lockdowns in Australia affecting Aevitas business.Group gross profit down 17% year on year to $4.6 million as a result,...

CALGARY, Alberta, Feb. 24, 2021 (GLOBE NEWSWIRE) — DIRTT Environmental Solutions Ltd. (“DIRTT”, the “Company”, “we” or “us”) (Nasdaq: DRTT, TSX: DRT), an interior construction company that uses proprietary software to design, manufacture and install fully customizable environments, today announced its financial results for the three and twelve months ended December 31, 2020. All financial information in this news release is presented in U.S. dollars, unless otherwise stated.Fourth Quarter 2020Revenue of $42.2 millionGross profit margin of 27.4%Adjusted Gross Profit Margin1 of 32.0%Net loss of $4.2 millionNet loss margin of (9.9%)Adjusted EBITDA1 of ($2.9) millionAdjusted EBITDA Margin1 of (6.8%)Fiscal 2020Revenue of $171.5 millionGross profit margin of 31.1%Adjusted Gross Profit Margin1 of 37.0%Net loss of $11.3 millionNet loss...

TORONTO, Feb. 24, 2021 (GLOBE NEWSWIRE) — Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today announced that the Company’s Board of Directors has authorized a 25% increase to its quarterly dividend to US$0.025 per common share. This represents the second consecutive quarterly increase for a cumulative increase of 67% over the past two quarters.The increase is supported by the Company’s strong outlook and free cash flow generation in the second half of 2020 including $58 million in the fourth quarter. The Company expects to continue generating strong free cash flow while reinvesting in high-return internal growth initiatives which will in turn support further returns to shareholders. The Company has paid dividends for 12 consecutive years during which time $196 million has been returned to shareholders through...

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.ROAD TOWN, British Virgin Islands, Feb. 24, 2021 (GLOBE NEWSWIRE) — Talon Metals Corp. (TSX: TLO) (“Talon” or the “Corporation”) is pleased to announce that the Corporation has entered into an agreement with a syndicate of underwriters led by TD Securities Inc. (the “Sole Bookrunner” and collectively the “Underwriters”) pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 50,000,000 units of the Corporation (the “Units”) at a price of $0.60 per Unit (the “Issue Price”) for aggregate gross proceeds of $30,000,000 (the “Offering”). Each Unit will consist of one common share of Talon (a “Common Share”) and one-half of a share purchase warrant (a “Warrant”) of the Corporation. Each whole Warrant will entitle...

OMAHA, Neb., Feb. 24, 2021 (GLOBE NEWSWIRE) — Werner Enterprises (NASDAQ: WERN), a premier transportation and logistics provider, is pleased to announce the opening of its new Lake City, Florida terminal.The 91,000 square-foot building sits on 36 developed acres and includes the latest driver amenities to enhance the work-life of our professional drivers, including a driver’s lounge, laundry and vending machines, showers, a company store, fitness room, driver storage and a dog run area. This terminal location will host driver safety courses and Werner’s Career Track program for professional drivers new to Werner. The terminal will also have 450 trailer parking stalls and 225 tractor parking stalls. This facility will add nearly 70 jobs to the Lake City area, including office and maintenance associates.The Lake City terminal is part...

INDIANAPOLIS, Feb. 24, 2021 (GLOBE NEWSWIRE) — Kite Realty Group Trust (NYSE: KRG) (the “Company”) announced today that the Company closed on the sale of 15 ground leases for gross proceeds of $36.6 million. The Company anticipates closing on an additional 2 ground leases for $5.2 million in the upcoming months, once local government subdivision approvals are obtained.The ground leases were sold, or anticipated to be sold, to Agree Realty Corporation (NYSE: ADC). The proceeds will be used to partially match fund the Company’s previously announced Eastgate Crossing acquisition in Chapel Hill, NC.“We are very pleased with KRG’s ability to monetize a portion of our portfolio that is currently undervalued by the market and reinvest those proceeds into an asset with strong growth potential,” said John A. Kite, Chairman and CEO.About...

Increased mine life and gold production with reduced execution risk showcases a world class projectPost Tax IRR/NPV(5%)of ~28% and C$1.1 Billion(US$860 million)Assumes a gold price of US$1,600/oz and exchange rate of 1.31:1 (C$:US$)Webcast February 25, 2021 at 5:30am Pacific TimeAll Dollar Figures in CAD unless otherwise NotedVANCOUVER, British Columbia, Feb. 24, 2021 (GLOBE NEWSWIRE) — Sabina Gold & Silver Corp (SBB.T, SGSVF- OTCQX), (“Sabina” or the “Company”) is pleased to announce the results of the Updated Feasibility Study (“UFS” or the “Study”) for the Goose Property (“Goose Property” or “Project”) at its 100%-owned Back River Gold District (“Back River” or the “District”) in Nunavut, Canada.“After significant work and several new discoveries, we are very pleased to announce the UFS for the Goose Property, the first...

BATON ROUGE, La., Feb. 24, 2021 (GLOBE NEWSWIRE) — Lamar Advertising Company (Nasdaq: LAMR) today announced that Sean Reilly, CEO of Lamar Advertising Company, is scheduled to participate in a question-and-answer session at the virtual Morgan Stanley Technology, Media and Telecom Conference on Wednesday, March 3, 2021 at approximately 10:15 a.m. (ET).The session will be carried live via audio webcast at the Company’s website, www.lamar.com, and will be archived for 30 days.About Lamar Advertising CompanyFounded in 1902, Lamar Advertising Company is one of the largest outdoor advertising companies in North America, with over 357,500 displays across the United States and Canada. Lamar offers advertisers a variety of billboard, interstate logo, transit and airport advertising formats, helping both local businesses and national brands...

TORONTO, Feb. 24, 2021 (GLOBE NEWSWIRE) —All per share figures disclosed below are stated on a diluted basis.The Company completed another successful year in 2020 and is reporting historic highs in many financial metrics including assets under management (“AUM”) and assets under administration (“AUA”), and annual and quarterly highs in Net revenue, Operating earnings, EBITDA, and Adjusted cash flow from operations.The Company’s Operating earnings in the current year were $54.8 million, an increase of $5.9 million, or 12%, from $48.9 million reported in 2019. Of this, $18.5 million was reported in the fourth quarter. The largest growth in 2020 Operating earnings came from GuardCap, our UK-based investment management business, and IDC WIN, our life insurance managing general agency business.  The Company’s Net revenue for the year...