Month: May 2021

SUNRISE, Fla., May 04, 2021 (GLOBE NEWSWIRE) — FedNat Holding Company (the “Company”) (Nasdaq: FNHC) today reported results for the three months ended March 31, 2021. Q1 2021 highlights (as measured against the same three-month period last year, except where noted):Net loss of $19.4 million or $(1.35) per diluted share compared to net income of $2.1 million or $0.15 per diluted share. Adjusted operating loss of $19.4 million or $(1.35) per diluted share as compared to adjusted operating income of $4.3 million or $0.30 per diluted share. $18.3 million of claims, net of reinsurance recoveries, pre-tax, from catastrophe losses driven primarily by Winter Storm Uri (“Uri”), which caused heavy residential damage in Texas, as previously communicated. $174.2 million of gross written premiums, compared to $173.0 million. Gross...

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES CALGARY, Alberta, May 04, 2021 (GLOBE NEWSWIRE) — Saint Jean Carbon Inc. (“Saint Jean” or the “Company”) (TSX-V: SJL) is pleased to announce that it intends to complete a non-brokered private placement financing of up to 7,000,000 units (the “Units”) at a price of $0.125 per Unit for gross proceeds of up to $875,000 (the “Offering”). Each Unit will consist of one (1) common share in the capital of the Company (the “Common Share”) and one-half (1/2) common share purchase warrant (each a “Warrant”). Each whole Warrant will entitle the holder to acquire one (1) additional Common Share in the capital of the Company (each a “Warrant Share”) at an exercise price of $0.25 per Warrant Share for a period of 24 months from the date of issuance. Closing...

CALGARY, Alberta, May 04, 2021 (GLOBE NEWSWIRE) — Parkland Corporation, (“Parkland”, “We”, the “Company”, or “Our”) (TSX:PKI) held its annual General meeting of shareholders on May 4, 2021 (the “Meeting”). The Company is pleased to announce that all nine of the nominees listed in its management information circular dated March 2, 2021 (the “Information Circular”) were elected as directors of the Corporation and PricewaterhouseCoopers LLP was reappointed as Parkland’s auditor at its annual general meeting of shareholders held today (the “Meeting”). The results of these votes, as well as the results for the other items of business considered at the Meeting are set out below: Resolution 1 Election of directors of Parkland for the ensuing year.Nominee Votes...

VANCOUVER, British Columbia, May 04, 2021 (GLOBE NEWSWIRE) — Pegasus Resources Inc. (TSX-V: PEGA; Frankfurt – OQS2, OTC/Pink Sheet symbol SLTFF) (the “Company” or “Pegasus”) is pleased to announce that Mike England has been appointed a director of the Company, replacing Glen MacDonald, who has resigned as a director of the Company. The Company wishes to thank Mr. MacDonald for his services to the Company. Mr. England has been involved in the public markets since 1983, beginning his career working at the Vancouver Stock Exchange as a floor trader. Since 1995, Mr. England has been directly involved with public companies in various roles, including investor relations, directorships and senior officer positions. To date, Mr. England has been directly responsible for raising in excess of $80-million for mineral exploration and acquisitions. The...

Pacific Northwest Colstrip Owners take legal action over newly signed senate bill SPOKANE, Wash., May 04, 2021 (GLOBE NEWSWIRE) — Avista Corporation took legal action against the State of Montana today, filing a lawsuit with the Pacific Northwest Colstrip owners—Puget Sound Energy, PacifiCorp and Portland General Electric—after Montana Governor Gianforte signed Senate Bills 265 and 266 into law. “As we shared in a letter to Governor Gianforte last month, we believe Senate Bills 265 and 266 disrupt a contract between and among the Colstrip owners that has existed for nearly 40 years,” said Avista’s Senior Vice President of Energy Resources Jason Thackston. “We urged Governor Gianforte to veto the bills because we believe they are both unlawful and unconstitutional, and we have pursued legal action today with other Colstrip owners...

OXFORD, United Kingdom, May 04, 2021 (GLOBE NEWSWIRE) — Vaccitech plc (NASDAQ: VACC), a clinical-stage biopharmaceutical company engaged in the discovery and development of novel immunotherapeutics and vaccines for the treatment and prevention of infectious diseases and cancer, today announced the closing of its initial public offering in the United States of 6,500,000 American Depositary Shares (“ADSs”) representing 6,500,000 ordinary shares at an initial public offering price of $17.00 per ADS. The gross proceeds from the offering were approximately $110.5 million. Vaccitech’s ordinary shares began trading on the Nasdaq Global Market in the U.S. under the ticker symbol “VACC” on April 30, 2021. All ADSs sold in the offering were offered by Vaccitech. Morgan Stanley, Jefferies, Barclays and William Blair acted as joint book-running...

GENEVA, Switzerland, May 04, 2021 (GLOBE NEWSWIRE) — Etrion Corporation (“Etrion” or the “Company”) (TSX: ETX) (OMX: ETX), a solar independent power producer, will release its first quarter 2021 results before the market opens on Friday, May 7, 2021. The Company’s condensed consolidated interim financial statements for the three months ended March 31, 2021, as well as the related documents, will be available on the Company’s website (www.etrion.com) About Etrion Etrion Corporation is an independent power producer that develops, builds, owns and operates utility-scale solar power generation plants. The Company owns and operates 57 MW of solar capacity and owns the 45 MW Niigata project under construction, all in Japan. The Company is listed on the Toronto Stock Exchange in Canada and the NASDAQ OMX Stockholm exchange in Sweden under...

Record sales and operating income in Performance Chemicals Continued recovery in Fuel Specialties and Oilfield Services Strong cash generation and excellent liquidity position; Improvement in net cash to $116.6 million GAAP EPS $0.94 and adjusted non-GAAP EPS of $1.06 reduced by 14 cents from higher share-based compensation Semi-annual dividend increased 10 percent to 57 cents per share ENGLEWOOD, Colo., May 04, 2021 (GLOBE NEWSWIRE) — Innospec Inc. (NASDAQ: IOSP) today announced its financial results for the first quarter ended March 31, 2021. The Company also announced the declaration of its semi-annual dividend of $0.57 per common share for the first half of 2021, representing an increase of 10 percent. This dividend will be paid on May 26, 2021, to shareholders of record on May 17, 2021. Total revenues for the first quarter...

HOUSTON, May 04, 2021 (GLOBE NEWSWIRE) — W&T Offshore, Inc. (NYSE: WTI) (“W&T” or the “Company”) today reported operational and financial results for the first quarter 2021. Key highlights included:Produced 39,657 barrels of oil equivalent per day (“Boe/d”), or 3.6 million Boe (50% liquids), in the first quarter of 2021, above the midpoint of W&T’s guidance range and reflecting a 4% increase from the fourth quarter of 2020; Reported net loss of $0.7 million or $0.01 per share and Adjusted Net Income of $15.9 million or $0.11 per share in the first quarter of 2021; Generated significant Adjusted EBITDA of $57.6 million for the first quarter of 2021, up 63% from $35.3 million in the fourth quarter of 2020; Recorded strong net cash provided by operating activities of $45.0 million in the first quarter; Increased Free...