Day: May 15, 2018

Quantum Computing Business Applications Are in Sight

A New $50 Billion Computing Market Is in Formation; Pharmaceutical and Chemical Companies Are Already Experimenting with the Potential to Accelerate Drug Discovery and Design Better Molecules, says BCG report BOSTON, May 16, 2018 (GLOBE NEWSWIRE) — Long a dream for physicists and engineers, quantum computing may have practical business applications in industries such as pharmaceuticals and chemicals much sooner than many people think. A market of $50 billion or more could easily develop around the futuristic computing capability in the next few decades as a pattern of S-curve adoption takes shape. A report released today by The Boston Consulting

Great Elm Capital Group, Inc. Reports Third Quarter 2018 Financial Results

Significant growth in assets under management; GECC shareholder approval for additional leverage enhances revenue and earnings potential; GECM well positioned to be preferred partner to work out challenged portfolios based on success to date with legacy Full Circle portfolio WALTHAM, Mass., May 15, 2018 (GLOBE NEWSWIRE) — Great Elm Capital Group, Inc. (NASDAQ:GEC) (“Great Elm,” or the “Company”) today announced its financial results for the quarter ended March 31, 2018 and filed its quarterly report on Form 10-Q with the U.S. Securities and Exchange Commission. Great Elm will host a conference call and webcast on Wednesday, May 16, 2018 at

Prospect Capital Announces Pricing of $90.0 Million of 4.95% Convertible Notes due 2022

NEW YORK, May 15, 2018 (GLOBE NEWSWIRE) — Prospect Capital Corporation (NASDAQ:PSEC) (“Prospect”, “our”, or “we”) announced today the pricing of $90.0 million in aggregate principal amount of senior unsecured 4.95% Convertible Notes Due 2022 (the “Notes”). Prospect has also granted the underwriter of the Notes an option to purchase up to an additional $13.5 million in aggregate principal amount of the Notes to cover over-allotments. The Notes will be a further issuance of the 4.95% Convertible Notes due 2022 that Prospect issued on April 11, 2017 in the aggregate principal amount of $225,000,000 (the “existing 4.95% Convertible Notes”). The

DPW Holdings Raises $6M in New Debt Financing

Proceeds to Fund the Acquisition of Enertec Systems NEWPORT BEACH, CA, May 15, 2018 (GLOBE NEWSWIRE) — DPW Holdings, Inc. (NYSE American: DPW) (“DPW” or the “Company“), a diversified holding company, hereby announces that it has raised $6M in new debt financing through the entry into a Securities Purchase Agreement with an institutional investor for the issuance of (i) a Senior Secured Convertible Promissory Note (“Note”) with a principal face amount of $6,000,000; (ii) a five-year warrant to purchase 1,111,111  shares of common stock at an exercise price of $1.35; (iii) a five-year warrant to purchase 1,724,138 shares of common

Adent Capital Corp. Announces Filing of Filing Statement for its Qualifying Transaction

Not for distribution to U.S. Newswire Services or for dissemination in the United States. TORONTO, May 15, 2018 (GLOBE NEWSWIRE) — Adent Capital Corp. (NEX:ANT.H) (“Adent”) is pleased to announce that, further to its press release date May 7, 2018, a filing statement in respect of the qualifying transaction (the “Transaction”) involving Adent and Khiron Life Sciences Corp. (“Khiron”) has been prepared and filed in accordance with the requirements of the TSX Venture Exchange Inc. (“TSXV”) and posted under Adent’s issuer profile on SEDAR at www.sedar.com. Closing of the Transaction is expected to occur on or about May 16, 2018.

Assure Holdings Corp. Announces Appointment of New Auditor, New Executive Chairman and Interim Chief Executive Officer, New Role for Founder Preston Parsons, and Results of Forensic Audit

PARKER, Colo., May 15, 2018 (GLOBE NEWSWIRE) — Assure Holdings Corp. (the “Company” or “Assure”) (TSX-V:IOM) (OTCQB:ARHH), a provider of intraoperative neuromonitoring services announces the appointment of a new audit firm, the appointment of John Farlinger as the new Executive Chairman and Interim Chief Executive Officer of the Company, a new role for founder Preston Parsons, and results of a forensic audit report commissioned on behalf of the independent audit committee of the Company (the “Audit Committee”). All references to dollar amounts in this release are to US dollars. Appointment of New Auditor: The Company is pleased to announce the

DPW Holdings Announces Pricing of $6 Million Registered Offering

NEWPORT BEACH, CA, May 15, 2018 (GLOBE NEWSWIRE) — DPW Holdings, Inc. (NYSE American: DPW) (“DPW” or the “Company“), today announced that it has entered into definitive agreements for the sale of $6 million of its common stock and warrants in a registered direct offering to new and existing institutional and accredited shareholders of the Company. Pursuant to the Securities Purchase Agreement entered into with the investors, the Company will issue, in the aggregate, 7,691,775 shares of Common Stock at a purchase price of $0.78 per share. Investors will also receive five-year warrants to purchase shares of Common Stock at

SHAREHOLDER ALERT: Brower Piven Notifies Investors of Class Action Lawsuit And Encourages Those Who Have Losses In Excess Of $100,000 From Investment In InnerWorkings, Inc. (Nasdaq: INWK) To Contact Brower Piven Before The Lead Plaintiff Deadline

STEVENSON, Md., May 15, 2018 (GLOBE NEWSWIRE) — The securities litigation law firm of Brower Piven, A Professional Corporation, announces that a class action lawsuit has been commenced in the United States District Court for the Central District of California on behalf of purchasers of InnerWorkings, Inc. (Nasdaq:INWK) (“InnerWorkings” or the “Company”) securities during the period between August 11, 2015 through May 7, 2018, inclusive (the “Class Period”).  Investors who wish to become proactively involved in the litigation have until July 9, 2018 to seek appointment as lead plaintiff. If you wish to choose counsel to represent you and the class, you

Conifex Announces First Quarter 2018 Results

VANCOUVER, B.C., May 15, 2018 (GLOBE NEWSWIRE) — Conifex Timber Inc. (“Conifex”, “we” or “us”) (TSX:CFF) today reported results for the first quarter ended March 31, 2018.  EBITDA in the first quarter of 2018 was $9.3 million, compared to $17.5 million in the fourth quarter of 2017 and $6.1 million in the first quarter of 2016. EBITDA included countervailing (“CV”) and anti-dumping (“AD”) duty expense on softwood lumber shipments to the U.S. of $6.3 million in the first quarter of 2018 and $1.9 million in the previous quarter.  Selected financial and operating highlights for each of the comparison periods are

SEACOR Announces Closing of the Exchange

FORT LAUDERDALE, Fla., May 15, 2018 (GLOBE NEWSWIRE) — SEACOR Holdings Inc. (NYSE:CKH) (“SEACOR”) today announced that it closed the previously announced exchange of $117.8 million  in aggregate principal amount of the Company’s outstanding 3.00% convertible senior notes due 2028 (the “Old Notes”) for a like  principal amount of its 3.25% convertible senior notes due 2030 (the “New Notes”) (the “Exchange”). The conversion rate for the New Notes is initially 13.1920 shares of the Company’s common stock per $1,000 principal amount of New Notes compared to 12.5892 shares of SEACOR’s common stock per $1,000 principal amount of the Old Notes.

China Gold International Reports 2018 First Quarter Results

VANCOUVER, British Columbia, May 15, 2018 (GLOBE NEWSWIRE) — China Gold International Resources Corp. Ltd. (TSX:CGG) (HKEx:2099) (the “Company” or “China Gold International Resources”) is pleased to report financial and operational results for the three months ended March 31, 2018 (“Q1”, “first quarter” or “first quarter of 2018”). 2018 First Quarter Highlights Revenue increased by 30% to US$106.7 million from US$82.1 million for the same period in 2017. Mine operating earnings decreased by 66% to US$6.6 million from US$19.1 million for the same period in 2017.           Net profit after income taxes decreased to US$2.0 million from US$6.4 million for

Chinook Energy Inc. Announces Approval of All Resolutions at 2018 Annual Meeting

CALGARY, Alberta, May 15, 2018 (GLOBE NEWSWIRE) — Chinook Energy Inc. (TSX:CKE) (“Chinook”) is pleased to announce the voting results from its annual meeting of shareholders held on May 15, 2018.  A total of 115,914,626 common shares, representing approximately 52% of Chinook’s issued and outstanding shares, were represented in person or by proxy at the meeting. The following nominees were elected as directors of Chinook for the ensuing year, with the specific voting results being as follows: Nominee Votes For % For Votes Withheld % Withheld Jill T. Angevine 109,953,744 94.86 5,960,882 5.14 Robert J. Herdman 109,917,123 94.83 5,997,503 5.17

Smithfield Foods Donates more than 38,000 Pounds of Protein to the Rhode Island Community Food Bank

BJ’s Wholesale Club Joins the 21st Stop of Smithfield’s 2018 Helping Hungry Homes® Tour PROVIDENCE, R.I., May 15, 2018 (GLOBE NEWSWIRE) — Today, Smithfield Foods, Inc. and BJ’s Wholesale Club joined forces to donate more than 38,000 pounds of protein to The Rhode Island Community Food Bank. Smithfield’s contribution was part of the company’s 2018 Helping Hungry Homes® donation tour. Now in the program’s 10th year, Helping Hungry Homes® is Smithfield’s signature hunger-relief initiative focused on alleviating hunger and helping Americans become more food secure. The donation, equivalent to more than 154,000 servings, will help families fight hunger across Rhode

Lifeway Foods, Inc. Announces Results for the First Quarter Ended March 31, 2018

MORTON GROVE, Ill., May 15, 2018 (GLOBE NEWSWIRE) — Lifeway Foods, Inc. (Nasdaq:LWAY), the leading U.S. supplier of kefir cultured dairy and probiotic products to support the microbiome, today reported financial results for the first quarter ended March 31, 2018. “Lifeway continues to show improvements and efficiencies in our operations that will aid us as we scale our business. The sequential quarter sales growth and quarter-over-quarter improvements in gross profit as a percentage of net sales are key company performance metrics that we focus on and are proud to report,” said CEO Julie Smolyansky. “We are excited about the launch

Tax Relief Associates provides an insight into one of the IRS tax relief programs

SAN DIEGO, May 15, 2018 (GLOBE NEWSWIRE) — When couples file a joint tax return, each individual is liable for an equal payment of all taxes including penalties and interest for that given year. In the case of divorce or a divorce decree stating that one individual is responsible for the tax debt, the IRS can legally go after just one or even both parties for the entire amount of the tax debt. The IRS recognizes that there are certain situations, such as an understatement of taxes owed, in which it would be unfair to hold both parties liable for

Victory Energy Announces First Quarter 2018 Financial Results

AUSTIN, Texas, May 15, 2018 (GLOBE NEWSWIRE) — Victory Energy Corporation (OTCQB:VYEY) (“Victory” or the “Company”) today announced operating results for the three months ended March 31, 2018. First Quarter and Recent Highlights During the three months ended March 31, 2018, the Company received $467,000 in debt financing proceeds from Visionary Private Equity Group I, LP (VPEG). On April 16, 2018, Victory provided a market update relating to the entry into (i) a supplementary agreement with Armacor Victory Ventures (“AVV”), (ii) a settlement and mutual release of the loan agreement with Visionary Private Equity Group I, LP (“VPEG”), and (iii) a

Dream Unlimited Corp. Reports First Quarter Results & Announces Further Investment in Core Downtown Toronto Developments

This press release contains forward-looking information that is based upon assumptions and is subject to risks and uncertainties as indicated in the cautionary note contained within this press release. TORONTO, May 15, 2018 (GLOBE NEWSWIRE) — Dream Unlimited Corp. (TSX:DRM) (TSX:DRM.PR.A) (“Dream”, “the Company” or “we”) today announced its financial results for the three months ended March 31, 2018. Basic earnings per share (“EPS”) for the three months ended March 31, 2018 was $0.22, up from $0.12 for the three months ended March 31, 2017, excluding income earned on the Company’s investment in Dream Alternatives. On a consolidated basis, including

Northrop Grumman Increases Quarterly Dividend 9 Percent to $1.20 per Share

FALLS CHURCH, Va., May 15, 2018 (GLOBE NEWSWIRE) — The board of directors of Northrop Grumman Corporation (NYSE:NOC) declared a quarterly dividend of $1.20 per share on Northrop Grumman common stock, a 9 percent increase from the prior quarterly dividend of $1.10 per share. The dividend is payable June 20, 2018, to shareholders of record as of the close of business June 4, 2018. “Our balanced capital deployment strategy continues to call for returning cash to our shareholders through dividends and share repurchases. Today’s dividend increase, in addition to January’s off-cycle increase, demonstrates our commitment to that strategy,” said Wes

Northland Power Renews Preliminary Base Shelf Prospectus

Not for distribution to U.S. newswire services or for dissemination in the United States or its possessions. Any failure to comply with this restriction may constitute a violation of U.S. securities law. TORONTO, May 15, 2018 (GLOBE NEWSWIRE) — Northland Power Inc. (“Northland” or the “Company”) (TSX:NPI) today filed a preliminary short form base shelf prospectus with the securities regulatory authorities in each of the provinces of Canada. This filing, when made final, will replace Northland’s expiring $500 million base shelf prospectus and will enable Northland to offer an aggregate of up to $1 billion of debentures, preferred shares, common

Mega Announces Refiled MD&A and AIF

TORONTO, May 15, 2018 (GLOBE NEWSWIRE) — Mega Uranium Ltd. (TSX:MGA) announces that it has refiled its management’s discussion and analysis (“Annual MD&A”) and annual information form (“AIF”), in each case for the financial year ended September 30, 2017, and its management’s discussion and analysis for three-month period ended December 31, 2017 (“Q1 MD&A”), at the request of the Ontario Securities Commission following a staff review. The Annual MD&A was refiled to include management’s conclusion that Mega’s internal control over financial reporting (“ICFR”) was not effective as at September 30, 2017, due to the existence of a material weakness in