Stock market

Obsidian Energy Announces Delisting from the NYSE with United States Trading to Commence on the OTCQB under the Ticker Symbol OBELF

Thursday, April 2, 2020 - 12:04am

As a result, OBE.BC shares have been suspended from trading on the NYSE effective immediately.

Key Points: 
  • As a result, OBE.BC shares have been suspended from trading on the NYSE effective immediately.
  • To facilitate trading for our United States based shareholders, Obsidian Energy's common shares will begin trading on the OTCQB under the symbol OBELF on April 2, 2020 and will remain trading on the Toronto Stock Exchange under the symbol OBE.
  • The significant change in the macro economic environment has contributed to a reduction in the Company's share price.
  • The move in listing from the NYSE to the OTCQB is expected to result in on-going cost savings of approximately$1 millionper year at this time.

Seneca Biopharma Announces Inducement Grant under Nasdaq Listing Rule 5635(c)(4)

Wednesday, April 1, 2020 - 11:30pm

On April 1, 2019, the grant date ("Grant Date"), Dr. Kalnik received options to purchase 282,840 shares of common stock and Mr. Saglio received options to purchase 70,710 shares of common stock.

Key Points: 
  • On April 1, 2019, the grant date ("Grant Date"), Dr. Kalnik received options to purchase 282,840 shares of common stock and Mr. Saglio received options to purchase 70,710 shares of common stock.
  • Seneca Biopharma, Inc. is a clinical-stage biopharmaceutical company developing novel treatments for various diseases of high unmet medical need.
  • Such forward-looking statements relate to future, not past, events and may often be identified by words such as "expect," "anticipate," "intend," "plan," "believe," "seek" or "will."
  • We do not assume any obligation to update any forward-looking statements, except as required by law.

Paramount Resources Ltd. Provides Annual General Meeting Update

Wednesday, April 1, 2020 - 10:00pm

CALGARY, April 1, 2020 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) announces that the 2020 annual general meeting of its shareholders (the "Meeting") will be heldon Thursday, May 7, 2020 at 10:30 a.m. (MDT) at the Company's offices in Calgary, Alberta.

Key Points: 
  • CALGARY, April 1, 2020 /CNW/ - Paramount Resources Ltd. ("Paramount" or the "Company") (TSX: POU) announces that the 2020 annual general meeting of its shareholders (the "Meeting") will be heldon Thursday, May 7, 2020 at 10:30 a.m. (MDT) at the Company's offices in Calgary, Alberta.
  • Paramount encourages all shareholders to vote in advance of the meeting by mail, telephone or internet in the manner set out in the meeting materials that have been sent to shareholders, copies of which can be accessed on Paramount's website at https://www.paramountres.com/investor-relations/shareholder-meetings#2020 and on SEDAR at www.sedar.com .
  • A recording of the webcast will remain available on Paramount's website following the Meeting for those unable to listen live.
  • Paramount's Class A common shares are listed on the Toronto Stock Exchange under the symbol "POU".

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Cronos Group, Inc. of Class Action Lawsuit and Upcoming Deadline – CRON

Wednesday, April 1, 2020 - 11:14pm

If you are a shareholder who purchased Cronos securities during the class period, you have until May 11, 2020, to ask the Court to appoint you as Lead Plaintiff for the class.

Key Points: 
  • If you are a shareholder who purchased Cronos securities during the class period, you have until May 11, 2020, to ask the Court to appoint you as Lead Plaintiff for the class.
  • To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext.
  • Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions.

MESA AIR GROUP ALERT: Bragar Eagel & Squire, P.C. is Investigating Mesa Air Group, Inc. on Behalf of Stockholders and Encourages Investors to Contact the Firm

Wednesday, April 1, 2020 - 11:41pm

Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Mesa Air Group, Inc. (NASDAQ: MESA) on behalf of Mesa stockholders.

Key Points: 
  • Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Mesa Air Group, Inc. (NASDAQ: MESA) on behalf of Mesa stockholders.
  • Our investigation concerns whether Mesa has violated the federal securities laws and/or engaged in other unlawful business practices.
  • On or around August 9, 2018, Mesa conducted its initial public offering (IPO), selling approximately 9.63 million shares of common stock priced at $12.00.
  • The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country.

AgriBank Pays Quarterly Preferred Stock Dividend

Wednesday, April 1, 2020 - 8:39pm

Paul-based AgriBank paid a quarterly cash dividend of $1.7188 per share on its 6.875 percent non-cumulative perpetual class A preferred stock to holders of record as of January 1, 2020.

Key Points: 
  • Paul-based AgriBank paid a quarterly cash dividend of $1.7188 per share on its 6.875 percent non-cumulative perpetual class A preferred stock to holders of record as of January 1, 2020.
  • AgriBank issued $250 million of preferred stock on October 29, 2013 to provide the Bank and the 15-state Farm Credit District it serves with long-term access to high-quality capital, helping ensure the District is well-positioned to meet the long-term growth and credit needs of farmer and rancher customers.
  • Under Farm Credit's cooperative structure, AgriBank is primarily owned by 14 local Farm Credit Associations, which provide financial products and services to rural communities and agriculture.
  • The AgriBank District covers a 15-state area stretching from Wyoming to Ohio and Minnesota to Arkansas.

U.S. Well Services Finalizes Amendment to Senior Secured Term Loan and $21 Million Sale of Convertible Preferred Stock

Wednesday, April 1, 2020 - 10:58pm

U.S. Well Services has acted swiftly in response to the rapid deterioration in market conditions, commented Joel Broussard, Chief Executive Officer.

Key Points: 
  • U.S. Well Services has acted swiftly in response to the rapid deterioration in market conditions, commented Joel Broussard, Chief Executive Officer.
  • Additionally, the maturity date for the Amended Term Loan Facility will be extended by 18 months to December 5, 2025.
  • In exchange for amending the term loan facility, the Lenders received an extension fee comprised of a $20 Million cash payment, $1.05 Million of newly issued Preferred Stock and approximately 5.5 million shares of U.S. Well Services Class A Common Stock.
  • The Preferred Stock is convertible into U.S. Well Services Class A Common Stock at a price of $0.308 per share.

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Tivity Health, Inc. of Class Action Lawsuit and Upcoming Deadline – TVTY

Wednesday, April 1, 2020 - 10:47pm

If you are a shareholder who purchased Tivity securities during the class period, you have until April 27, 2020, to ask the Court to appoint you as Lead Plaintiff for the class.

Key Points: 
  • If you are a shareholder who purchased Tivity securities during the class period, you have until April 27, 2020, to ask the Court to appoint you as Lead Plaintiff for the class.
  • To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext.
  • Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions.

Brookfield Renewable Announces Dividend Rate on its Series 1 & Series 2 Preference Shares

Wednesday, April 1, 2020 - 10:17pm

BROOKFIELD, News, April 01, 2020 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) (Brookfield Renewable)today announced that Brookfield Renewable Power Preferred Equity Inc. (BRP Equity) has determined the fixed dividend rate on its Class A Preference Shares, Series 1 (Series 1 Shares) (TSX:BRF.PR.A) for the five years commencing May 1, 2020 and ending April 30, 2025.

Key Points: 
  • BROOKFIELD, News, April 01, 2020 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) (Brookfield Renewable)today announced that Brookfield Renewable Power Preferred Equity Inc. (BRP Equity) has determined the fixed dividend rate on its Class A Preference Shares, Series 1 (Series 1 Shares) (TSX:BRF.PR.A) for the five years commencing May 1, 2020 and ending April 30, 2025.
  • Holders of Series 1 Shares have the right, at their option, exercisable not later than 5:00 p.m. (Toronto time) on April 15, 2020, to convert all or part of their Series 1 Shares, on a one-for-one basis, into Class A Preference Shares, Series 2 (Series 2 Shares) (TSX:BRF.PR.B), effective April 30, 2020.
  • Holders of Series 1 Shares are not required to elect to convert all or any part of their Series 1 Shares into Series 2 Shares.
  • Holders of Series 2 Shares are not required to elect to convert all or any part of their Series 2 Shares into Series 1 Shares.

INVESTOR ALERT: Law Offices of Howard G. Smith Continues Investigation of Mesa Air Group, Inc. (MESA) on Behalf of Investors

Wednesday, April 1, 2020 - 10:18pm

Law Offices of Howard G. Smith continues its investigation on behalf Mesa Air Group, Inc. ("Mesa" or the Company") (NASDAQ: MESA ) investors concerning the Company and its officers possible violations of federal securities laws.

Key Points: 
  • Law Offices of Howard G. Smith continues its investigation on behalf Mesa Air Group, Inc. ("Mesa" or the Company") (NASDAQ: MESA ) investors concerning the Company and its officers possible violations of federal securities laws.
  • On August 9, 2018, Mesa conducted its initial public offering (IPO) in which it sold approximately 11 million shares of common stock for $12.00 per share.
  • Then on August 9, 2019, Mesas CEO stated that Mesa did not meet the performance criteria under its contract with American Airlines, Inc.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.