Month: February 2021

TORONTO , Feb. 04, 2021 (GLOBE NEWSWIRE) — Empire Life Investments Inc. (ELII) announced that the risk ratings for the funds listed below have changed as indicated.Empire reviews the risk rating for each fund at a minimum on an annual basis, as well as when a fund undergoes a material change. These changes are the result of an annual review, and are not results of any changes to the investment objectives, strategies or management of the funds.About Empire LifeEstablished in 1923, Empire Life is a subsidiary of E-L Financial Corporation Limited. The Company’s mission is to make it simple, fast and easy for Canadians to get the investment, insurance and group benefits coverage they need to build wealth, generate income, and achieve financial security. As of September 30, 2020 Empire Life had total assets under management of $18.2...

KYOTO, Japan, Feb. 05, 2021 (GLOBE NEWSWIRE) — Nidec Corporation (TSE: 6594; OTC US: NJDCY) (the “Company” or “Nidec”) announced today that its Board of Directors has approved a resolution to acquire: the shares of Mitsubishi Heavy Industries Machine Tool Co., Ltd. (“Mitsubishi Heavy Industries Machine Tool”), a company that designs, manufactures, and sells machine tools, cutting tools, and related products, from Mitsubishi Heavy Industries, Ltd. (“Mitsubishi Heavy Industries”); all the Mitsubishi Heavy Industries Group-owned shares of three overseas subsidiaries specialized in machine tool business; and the machine tool business run by nine overseas subsidiaries (the “Stock Acquisition”). Accordingly, Nidec entered into a stock purchase agreement on February 5, 2021 (Japan time).1. Outline of Mitsubishi Heavy Industries Machine...

Tampa, FL, Feb. 04, 2021 (GLOBE NEWSWIRE) — Quantum FinTech Acquisition Corporation (the “Company”) announced today that it priced its initial public offering of 17,500,000 units at $10.00 per unit. The units are expected to trade on the New York Stock Exchange (“NYSE”) under the ticker symbol “QFTA.U” beginning February 5, 2021. Each unit consists of one share of common stock and one redeemable warrant, with each warrant entitling the holder thereof to purchase one half-share of common stock at a price of $11.50 per full share. Once the securities comprising the units begin separate trading, the shares of common stock and redeemable warrants, are expected to be listed on the NYSE under the symbols “QFTA” and “QFTA WS,” respectively.The offering is expected to close on February 9, 2021, subject to customary closing conditions. Chardan...

TORONTO, Feb. 04, 2021 (GLOBE NEWSWIRE) — In accordance with regulatory requirements, Dundee Corporation (TSX: DC.A) (“Dundee”) announces that its wholly owned subsidiary, Dundee Resources Limited, has acquired 12,500,000 common shares (“Shares”) of Moneta Porcupine Mines Inc. (the “Issuer”) at the price of $0.32 each for aggregate consideration of $4,000,000.In connection with its engagement as co-lead agent under a bought deal private placement financing of the Issuer, Dundee Goodman Merchant Partners, an affiliate of Dundee, acquired compensation options exercisable for common shares (“Compensation Options”) for a period of 24 months. A total of 416,249 of the Compensation Options are exercisable at the price of $0.32 and a total of 730,445 Compensation Options are exercisable at the price of $0.46.Immediately prior to the acquisition...

GUADALAJARA, Mexico, Feb. 04, 2021 (GLOBE NEWSWIRE) — Grupo Aeroportuario del Pacifico, S.A.B. de C.V., (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) announced preliminary terminal passenger traffic figures for the month of January 2021, compared to traffic figures for January 2020.For January 2021, the total number of terminal passengers at GAP’s 14 airports decreased by 43.5%, compared to the same period of the previous year. Domestic passenger traffic decreased by 30.6%, while international passenger traffic decreased by 57.0%.With regards to national operations in our 12 Mexican airports, the airlines have continued to gradually increase operations since the beginning of the pandemic. Regarding the international traffic, beginning on January 26, 2021, the United States requests that travelers must present a negative Covid test...

DENVER, Feb. 04, 2021 (GLOBE NEWSWIRE) — StoneCastle Financial Corp., (NASDAQ: BANX) (“StoneCastle Financial” or the “Company”), today announced that it will release financial results for the fiscal period ended December 31, 2020 after the market closes on Monday, March 1, 2021.StoneCastle Financial will host a conference call for investors and other interested parties beginning at 5:00 p.m. (Eastern Time) on Monday, March 1, 2021 to discuss the Company’s financial results and investment performance and provide its current views on bank-related assets and the community banking market. The call will be hosted by Sanjai Bhonsle, Chairman and Chief Executive Officer, Patrick Farrell, Chief Financial Officer and Julie Muraco, Investor Relations.The conference call will be accessible by telephone and the Internet. To access...

VANCOUVER, British Columbia, Feb. 04, 2021 (GLOBE NEWSWIRE) — Lupaka Gold Corp. (“Lupaka” or the “Company“) (TSX-V: LPK, FRA: LQP) provides an update on progress with its international arbitration claim against the Republic of Peru.After a number of minor delays due to the holiday period and the required sourcing of available candidates with the agreed profile, the International Centre for Settlement of Investment Disputes (ICSID) has provided a final list of candidates for the third and final arbitrator to chair the Tribunal.With this list complete, the parties will indicate their preferences and ICSID will then make the final decision as to the third arbitrator within the next few weeks. Please note that Lupaka and the Republic of Peru have previously appointed their respective arbitrators. Once the chair is...

CALGARY, Alberta, Feb. 04, 2021 (GLOBE NEWSWIRE) — Parex Resources Inc. (“Parex” or the “Company”) (TSX:PXT) is pleased to announce the results of its annual independent reserves assessment as at December 31, 2020 and to provide an operational update.The financial and operational information contained below is based on the Company’s unaudited expected results for the year ended December 31, 2020. All currency amounts are in United States dollars, unless otherwise stated.2020 Year-End Corporate Reserves ReportOn a debt adjusted basis, proved developed producing (“PDP”) reserves per share increased by 18% and proved plus probable (“2P”) reserves per share increased by 14%. We exited 2020 with working capital of approximately $320 million and no debt. In 2021, we have multiple opportunities for continued profitable growth...

San Antonio, TX, Feb. 04, 2021 (GLOBE NEWSWIRE) — U.S. Global Investors, Inc. (NASDAQ: GROW) (the “Company”), a boutique registered investment advisory firm with longstanding experience in global markets and specialized sectors, today is pleased to report financial results for the quarter ended December 31, 2020.During the second fiscal quarter of 2021, the Company saw a second straight period of strong revenue growth due mainly to increased inflows into the U.S. Global Jets ETF (JETS). The Company also realized gains on the sale of its 10 million common shares of HIVE Blockchain Technologies (“HIVE”). A majority of the proceeds were redeployed back into HIVE in the form of convertible securities. Please see the section on HIVE below for further details.Other top-line highlights from the quarter:Total operating revenues increased...

CAESAREA, Israel, Feb. 04, 2021 (GLOBE NEWSWIRE) — In a release issued under the same headline on Thursday, February 4th by Itamar Medical Ltd. (Nasdaq: ITMR) (TASE: ITMR), please note that the contact information was incorrect. The corrected release follows:Itamar Medical Ltd. (“Itamar Medical” or the “Company”) (Nasdaq: ITMR) (TASE: ITMR), a medical technology company focused on the development and commercialization of non-invasive medical devices to aid in the diagnosis of respiratory sleep disorders, today announced the commencement of a proposed public offering of American Depositary Shares (“ADSs”) of the Company. Each ADS represents 30 ordinary shares of the Company. The ADSs to be sold in the offering will be offered by the Company and one of its shareholders, Viola Growth 2 A.V. Limited Partnership (the “Selling Shareholder”)....