Day: June 27, 2018

Forty Seven Prices Initial Public Offering

MENLO PARK, Calif., June 27, 2018 (GLOBE NEWSWIRE) — Forty Seven, Inc. (Nasdaq:FTSV), a clinical stage immuno-oncology company, announced today the pricing of its initial public offering of 7,035,000 shares of common stock at a price to the public of $16.00 per share. In addition, Forty Seven has granted the underwriters a 30-day option to purchase up to an additional 1,055,250 shares of common stock solely to cover over-allotments, if any, at the initial public offering price less underwriting discounts and commissions. The shares are expected to begin trading on The Nasdaq Global Select Market under the symbol “FTSV” on

H.B. Fuller Reports Second Quarter 2018 Results

Second Quarter Diluted EPS $0.86 and Adjusted Diluted EPS $0.89(1); Fiscal Year 2018 Adjusted Diluted EPS Guidance Narrowed to between $3.15 and $3.40 ST. PAUL, Minn., June 27, 2018 (GLOBE NEWSWIRE) — H.B. Fuller Company (NYSE:FUL) today reported financial results for the second quarter that ended June 2, 2018. Second Quarter 2018 Highlights: Net revenue grew 41 percent in the second quarter of 2018 versus the same period in 2017, driven by the addition of the Royal business. On a proforma basis, including Royal in 2017, net revenue increased 8 percent2, of which half was organic growth. The Engineering Adhesives,

Nuance Announces series B fundraising led by C-Bridge Capital to commercialize high-value pharmaceuticals in China

SHANGHAI, China, June 27, 2018 (GLOBE NEWSWIRE) — Nuance Biotech, a China-based specialty pharmaceutical company, today announced Series B fundraising of US$20 million with additional capital US$15 million tied to its acquisition of new products, led by C-Bridge Capital, a private equity firm focused on development and commercialization opportunities within the growing Chinese healthcare market, and Neo Zhang, Managing Director of C-Bridge Capital, will join the board of Nuance. The Series B round prepares Nuance for the rapid expansion of portfolio of innovative pharmaceutical products, leveraging C-Bridge Capital’s extensive global network to help identify high-value licensing opportunities with established innovative

M*Modal Accelerates Growth and Innovation in Australia to Bring Artificial Intelligence Powered Conversational Solutions to Healthcare

M*Modal completes Lanier Voice acquisition, further expanding its global leadership to the Australian healthcare market SYDNEY, Australia, June 27, 2018 (GLOBE NEWSWIRE) — M*Modal, a leading provider of clinical documentation and Speech Understanding™ solutions, today announced advancing its impact on Australian healthcare with the recent acquisition of Lanier Voice. Building on its mission of creating time to care for clinicians and helping healthcare networks deliver quality-driven care more cost effectively, M*Modal welcomes and supports Lanier Voice clients. With 40 years of experience in the Australian healthcare sector, Lanier Voice furthers M*Modal goals of delivering cutting-edge solutions that suit any environment and

BCIT cleaners win vote to join SEIU Local 2 after defeating boss ‘union’

Victory at BCIT boosts resolve of cleaners at post-secondary campuses seeking to join SEIU’s Justice for Janitors movement VANCOUVER, British Columbia, June 27, 2018 (GLOBE NEWSWIRE) — Cleaners at the British Columbia Institute of Technology (BCIT) celebrate a huge win in forming their union with the Service Employees’ International Union (SEIU) just one week after the BC Labour Relations Board declared CLAC’s contract with the cleaning contractor, Best Service Pros invalid. SEIU Local 2 had challenged the contract, arguing that Best Service Pros, conspired to make a 10-year backroom deal with the Christian Labour Association of Canada (CLAC), a known

Kirkland Lake Gold Pursues Arbitration With Respect to Purchase of Fosterville Royalty

TORONTO, June 27, 2018 (GLOBE NEWSWIRE) — Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) today announced that Fosterville Gold Mine Pty Ltd. (“FGM”), a wholly-owned subsidiary of the Company, has initiated arbitration against AuRico Metals Australian Royalty Corporation (“AMARC”) and AuRico Metals Inc. (“AMI”), wholly-owned subsidiaries of Centerra Gold Inc. (“Centerra”). The Notice of Arbitration was delivered by FGM in accordance with the terms of the royalty agreement between FGM and AMARC (the “Royalty Agreement”) to enforce certain rights of FGM set out in the Royalty Agreement, including its right of first offer and

Purpose Investments Inc. Announces Intention to Terminate the Redwood Money Market Fund and the Redwood Global Total Return Bond Portfolio

TORONTO, June 27, 2018 (GLOBE NEWSWIRE) — Purpose Investments Inc. (“Purpose”) announced today its intention to terminate the Redwood Money Market Fund and the Redwood Global Total Return Bond Portfolio (each a “Fund” and together, the “Funds”) on or about August 27, 2018 (the “Termination Date”). The decision to close the Funds was driven by their relatively low asset size and the costs associated with maintaining funds of this size. Such factors have made it difficult to efficiently manage the Funds in accordance with their intended investment objectives and, in the view of Purpose, terminating the Funds is in the

Investar Holding Corporation Declares Cash Dividend

BATON ROUGE, La., June 27, 2018 (GLOBE NEWSWIRE) — Investar Holding Corporation (“Investar”) (Nasdaq:ISTR), the holding company of Investar Bank, declared a quarterly cash dividend of $0.04 per share to holders of Investar Holding Corporation common stock. The dividend is payable on July 31, 2018 to shareholders of record as of July 9, 2018. This represents a 14% increase in the dividend per share compared to the prior quarter and is the 19th quarterly dividend paid by Investar Holding Corporation, which follows an uninterrupted 11 quarterly cash dividends paid by Investar Bank. About Investar Investar Holding Corporation, headquartered in Baton

Gold Standard Announces Meeting Results

VANCOUVER, British Columbia, June 27, 2018 (GLOBE NEWSWIRE) — Gold Standard Ventures Corp. (TSX:GSV) (NYSE AMERICAN:GSV) (“Gold Standard” or the “Company”) announces that all resolutions were passed at the Annual General and Special Meeting of Shareholders (the “Meeting”) held on Wednesday, June 27, 2018, in Elko, Nevada. At the Meeting, all director nominees listed in the Company’s management information circular dated May 14, 2018, were elected as directors of the Company. Had a poll been taken, the detailed results of the votes cast by proxy in respect of the election of the directors is set out below.       Director

Federman & Sherwood Announces Filing of Securities Class Action Lawsuit Against PolarityTE, Inc.

OKLAHOMA CITY, June 27, 2018 (GLOBE NEWSWIRE) — Federman & Sherwood announces that on June 26, 2018, a class action lawsuit was filed in the United States District Court for the District of Utah against PolarityTE, Inc. (NASDAQ:COOL).  The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the Class Period, which is March 31, 2017 through June 22, 2018. Plaintiff seeks to

Balchem Completes Debt Refinancing with Five Year Senior Secured Credit Facility

NEW HAMPTON, N.Y., June 27, 2018 (GLOBE NEWSWIRE) — Balchem Corporation (NASDAQ:BCPC) announced that the Company has entered into a new credit agreement with its lenders in the form of a senior secured revolving credit facility, due 2023.  The new revolving credit agreement allows for up to $500 million of borrowing. The Company has used initial proceeds from the new credit agreement to repay the outstanding balance of $211 million on its senior secured term loan A, due May 2019. Ted Harris, President, CEO and Chairman of the Board, stated: “Our new revolving credit agreement enhances our strong financial profile

Dream Industrial REIT Announces Date for Redemption of 5.25% Convertible Debentures

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES TORONTO, June 27, 2018 (GLOBE NEWSWIRE) — DREAM INDUSTRIAL REAL ESTATE INVESTMENT TRUST (TSX:DIR.UN) (“Dream Industrial REIT”) today announced that it has given notice that it will redeem all of its outstanding 5.25% convertible unsecured subordinated debentures (the “5.25% Debentures”) on August 2, 2018 (the “Redemption Date”). Dream Industrial REIT had previously announced its intention to redeem the 5.25% Debentures. The redemption price has been determined in accordance with the provisions of the indenture related to the 5.25% Debentures dated December 13, 2012 (the “Indenture”). The

CM Finance Inc Prices Public Offering of $30,000,000 6.125% Notes Due 2023

NEW YORK, June 27, 2018 (GLOBE NEWSWIRE) — CM Finance Inc (the “Company”) (Nasdaq:CMFN) announced today that it has priced a registered public offering of $30,000,000 aggregate principal amount of its 6.125% notes due 2023 (the “Notes”), which will result in net proceeds to the Company of approximately $28.9 million (or approximately $33.2 million if the underwriters fully exercise the over-allotment option described below) based on a public offering price of 100% of the aggregate principal amount of the Notes, after deducting payment of underwriting discounts and commissions and estimated offering expenses payable by the Company. The Notes will mature

Zodiac® Expands LED Lighting Portfolio With White Pool and Spa Lights in Two Color Temperatures

New Jandy® Pro Series White LED lights are available in Daylight and Warm White SAN DIEGO, June 27, 2018 (GLOBE NEWSWIRE) — Zodiac Pool Systems LLC (Zodiac), a leading manufacturer of innovative automatic pool cleaners and pool equipment, is delivering more lighting options to pool professionals with the release of the all new Jandy Pro Series White LED Lights—available in two color temperatures. Now pool pros can choose between Daylight, to enliven a pool or spa at night with the bright illumination of natural daylight, or Warm White for a soft, inviting post-sunset glow. Highly energy-efficient, these lights provide the

Hingham Savings Declares 3% Increase in Regular Quarterly Dividend

HINGHAM, Mass., June 27, 2018 (GLOBE NEWSWIRE) — HINGHAM INSTITUTION FOR SAVINGS (NASDAQ:HIFS) (“the Bank”), Hingham, Massachusetts, announced that its Board of Directors has declared a regular quarterly cash dividend of $0.35 per share.  This represents an increase of 3% over the previous regular quarterly dividend of $0.34 per share.  The dividend will be paid on July 18, 2018 to stockholders of record as of July 9, 2018. Robert H. Gaughen, Jr., Chairman and Chief Executive Officer of the Bank, in announcing the dividend, stated, “The Bank continues its record of performance with solid balance sheet growth and strong returns

Profire Energy, Inc. Provides Preliminary Second Quarter Revenue Estimate

LINDON, Utah, June 27, 2018 (GLOBE NEWSWIRE) — Profire Energy, Inc. (NASDAQ:PFIE), a technology company (the “Company”) which creates, installs and services burner and chemical management solutions in the oil and gas industry, today announced certain preliminary information regarding its expected revenues for the quarter ending June 30, 2018. The Company anticipates preliminary revenue for the quarter ending June 30, 2018 will be in the range of $11.0 million to $11.2 million, as compared to revenue of $9.4 million for the quarter ended June 30, 2017, which would represent the Company’s second-highest quarterly revenues since December 2014.  The Company anticipates

Celestica Completes New $800 Million Credit Facility

TORONTO, June 27, 2018 (GLOBE NEWSWIRE) — Celestica Inc. (NYSE:CLS) (TSX:CLS), a leader in design, manufacturing and supply chain solutions for the world’s most innovative companies, today announced that it has entered into a new $800 million credit facility (the “Credit Facility”) established pursuant to a credit agreement with a syndicate of lenders and Bank of America, N.A. as Administrative Agent.  The Credit Facility will refinance and replace the Company’s existing bank credit facility that was due to mature in May 2020.  All dollar amounts are denominated in US dollars. The Credit Facility consists of a $350 million term loan

NOVAGOLD Reports Second Quarter Results: Donlin Gold Final Environmental Impact Study Published, Key State Permits Received & Optimization Work Progressing as Planned

The U.S. Army Corps of Engineers (the “Corps”) filed the notice of availability for the final Environmental Impact Statement (EIS) for the Donlin Gold project in the Federal Register Key permits have been granted by Alaska state agencies for the Donlin Gold project With approximately $70 million in cash and term deposits as of May 31, 2018, NOVAGOLD has sufficient funding to complete permitting and planned optimization at Donlin Gold as well as meet its other financial obligations VANCOUVER, British Columbia, June 27, 2018 (GLOBE NEWSWIRE) —  NOVAGOLD RESOURCES INC. (NYSE American:NG) (TSX:NG) today released its 2018 second quarter financial

Clairvest Reports Fiscal 2018 Fourth Quarter and Year-End Results

TORONTO, June 27, 2018 (GLOBE NEWSWIRE) — Clairvest Group Inc. (TSX:CVG) today reported results for the fourth quarter and year ended March 31, 2018 and material events which occurred subsequent to year-end. (All figures are in Canadian dollars unless otherwise stated) Highlights March 31, 2018 book value was $667.3 million or $44.01 per share compared with $648.7 million or $42.78 per share as at December 31, 2017 and $36.21 per share as at March 31, 2017, an increase of $7.80 per share and 21.5% over the last twelve months Net income for the quarter and for the year ended March

Ormat's Olkaria III Plant 1 Expansion Reaches Commercial Operation, Increasing Complex Capacity to 150 MW

RENO, Nev., June 27, 2018 (GLOBE NEWSWIRE) — Ormat Technologies Inc. (NYSE:ORA) announced today that the 11 MW Plant 1 expansion project in the Olkaria III complex in Kenya successfully completed its tests and commenced commercial operation on June 2, 2018. Since 2000, Ormat has developed and expanded the Olkaria III complex in phases and increased its generating capacity from 13 MW to 139 MW by 2016. With the completion of the 11 MW expansion project, the total generating capacity of the complex has reached 150 MW. The scope of the project included drilling of new wells, adding a new