Day: December 13, 2022

TORONTO, Dec. 13, 2022 (GLOBE NEWSWIRE) —  Churchill Resources Inc. (“Churchill” or the “Company”) (TSXV: CRI) is pleased to announce a best-efforts, non-brokered private placement (the “Offering”) of up to C$1,000,000 from the sale of up to 6,666,667 flow-through units of the Company (each, a “FT Unit”) at a price of C$0.15 per FT Unit.  Each FT Unit will consist of one common share of the Company to be issued as a “flow-through share” within the meaning of the Income Tax Act (Canada) (each, a “FT Share”) and one half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant shall entitle the holder to purchase one common share of the Company (each, a “Warrant Share”) at a price of C$0.22 at any time on or before that date which is 24 months after the closing date of the Offering.  . The Company intends...

SHANGHAI, China and PRINCETON, N.J., Dec. 13, 2022 (GLOBE NEWSWIRE) — LianBio (Nasdaq: LIAN), a biotechnology company dedicated to bringing innovative medicines to patients in China and other major Asian markets, today announced that Debra Yu, M.D., LianBio’s President and Chief Strategy Officer, has resigned from the Company, effective January 1, 2023, to pursue other business and professional interests and opportunities. To facilitate her transition, Dr. Yu entered into a consulting agreement with LianBio effective January 1, 2023, through June 30, 2023. Dr. Yu joined the Company when LianBio was first established in 2019. She has been a valued member of LianBio’s executive team and an integral part of LianBio’s transformation from an early-stage startup into a late clinical stage biotechnology company. “We thank Debra for her...

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Dec. 13, 2022 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. (“StorageVault”) (SVI-TSX) is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the “Underwriters”) led by Scotiabank, under which the Underwriters have agreed to purchase $100 million aggregate principal amount of convertible senior unsecured debentures due March 31, 2028 (the “Debentures”) at a price of $1,000 per Debenture (the “Offering”). StorageVault has also granted the Underwriters an option to purchase up to an additional $15 million aggregate principal amount of Debentures, on the same terms and conditions, exercisable in whole or in part, for a period of 30 days following closing of the Offering. Concurrent with the...

LOS ANGELES, Dec. 13, 2022 (GLOBE NEWSWIRE) — Hanmi Financial Corporation (Nasdaq: HAFC) (“Hanmi”), the holding company for Hanmi Bank, announced that its President and Chief Executive Officer Bonnie Lee rang the Nasdaq MarketSite Closing Bell in Times Square, New York, today, Tuesday, December 13, 2022, in celebration of Hanmi Bank’s 40th anniversary. The ceremony can be viewed at https://www.nasdaq.com/marketsite/bell-ringing-ceremony. “I am honored to ring the Nasdaq closing bell alongside our Hanmi family,” said Bonnie Lee, President and CEO of Hanmi Bank and Hanmi Financial Corporation. “Today we celebrate our 40th anniversary, an important milestone for our company. We are proud of our history as the first Korean American bank and remain committed to serving the underserved and unbanked populations of all backgrounds and...

Kruh 28 also has a potentially significant new gas reservoir Company negotiating for Kruh Block contract extension 2023 new seismic operations seek to maximize returns from the Kruh Block drilling program JAKARTA, INDONESIA AND DANVILLE, CA, Dec. 13, 2022 (GLOBE NEWSWIRE) — Indonesia Energy Corporation (NYSE American: INDO) (“IEC”), an oil and gas exploration and production company focused on Indonesia, today announced production updates on its Kruh 27 and Kruh 28 wells. These two back-to-back discovery wells were drilled by IEC during 2022 at its 63,000-acre Kruh Block. Fracture stimulation of the already oil producing Kruh 27 well has been completed, with 80 thousand pounds of proppants having been injected into the sand producing reservoir with the goal of increasing production productivity. A previous fracturing...

PHILADELPHIA, Dec. 13, 2022 (GLOBE NEWSWIRE) — Brandywine Realty Trust (the “Company”) (NYSE: BDN) announced today that its operating partnership, Brandywine Operating Partnership, L.P. (the “Operating Partnership”), has closed its previously announced underwritten public offering of $350 million of its 7.550% guaranteed notes due 2028 (the “Notes”). The Operating Partnership intends to use the net proceeds of the offering to repurchase or redeem the $350 million outstanding principal amount of its 3.95% Guaranteed Notes due February 15, 2023 and for general corporate purposes, which may include the repayment, repurchase or other retirement of other indebtedness. The offering of the Notes was made pursuant to an effective shelf registration statement and related prospectus and preliminary prospectus supplement filed by the Company...

HOUSTON, Dec. 13, 2022 (GLOBE NEWSWIRE) — Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today that it completed its regularly scheduled semi-annual borrowing base redetermination and entered into an amendment to extend its credit agreement from November 2, 2023 to May 31, 2024. The redetermination resulted in a revised borrowing base of $215 million effective immediately with scheduled monthly reductions of $5 million until otherwise redetermined or adjusted in accordance with the provisions of the Credit Agreement. As of November 30, 2022, Amplify had total net debt of $167 million, with $190 million outstanding under its credit facility and $23 million of cash on hand. Martyn Willsher, Amplify’s President and Chief Executive Officer commented, “We’d like to thank all the lenders in our bank group for...

Reagan Culbertson Reagan Culbertson, Vice President, Strategic Marketing, Amlan InternationalDr. Wade Robey, President, Amlan International Dr. Wade Robey, President, Amlan InternationalDr. Aldo Rossi Dr. Aldo Rossi, Vice President, Innovation & Technical Service Amlan InternationalCHICAGO, Dec. 13, 2022 (GLOBE NEWSWIRE) — Amlan International, the animal health business of Oil-Dri® Corporation of America and a global leader in mineral-based feed additives that improve the intestinal health and efficiency of poultry and livestock, announces three internal promotions. These organizational changes will continue the momentum of Amlan’s growth in the Americas while maintaining the strong reputation of Amlan in Asian markets.  Dr. Wade Robey has been promoted to President of Amlan International. Dan Jaffee will transition...

Organizations moving to broaden focus of programs to support development and career progression ARLINGTON, Va., Dec. 13, 2022 (GLOBE NEWSWIRE) — Employers in North America need to reshape their performance management efforts and pay-for-performance programs to give them a much-needed boost, according to a survey of over 800 global organizations by WTW (NASDAQ: WTW), a leading global advisory, broking and solutions company. The survey revealed similar conclusions worldwide. The survey found just one in four North America employers (26%) reported being effective at both managing and paying for performance. Additionally, the gap between the priorities for performance management and delivering on those objectives is wide. For example, more than nine in 10 North America respondents (93%) cited driving organization performance as a key...

FORT MYERS, Fla., Dec. 13, 2022 (GLOBE NEWSWIRE) — Alico, Inc. (“Alico” or the “Company”) (Nasdaq: ALCO) today announced the publication of the Company’s second Sustainability Report. The Company released its inaugural Sustainability Report last year, which documents the actions Alico undertook prior to and during 2021. Alico publicly committed to improve transparency regarding its sustainability actions and activities, and its Director of Sustainability and her team have made improvements which positively impact the Company’s culture, industry, operations, and the environment. John Kiernan, President and Chief Executive Officer, commented, “I’m pleased to introduce Alico’s 2022 Sustainability Report. Although enthusiasm for ESG seems to have waned within the investment community over the past year while every company struggles...