Liberty Gold Reports Q3 2020 Financial and Operating Results

VANCOUVER, British Columbia, Nov. 13, 2020 (GLOBE NEWSWIRE) — Liberty Gold Corp. (LGD – TSX) (“Liberty Gold” or the “Company”), is pleased to announce its financial and operating results for the nine months ended September 30, 2020. All amounts are presented in United States dollars (“USD”) unless otherwise stated.

Liberty Gold is focused on advancing a pipeline of Carlin-Style gold deposits in the Great Basin, U.S.A., a mining-friendly jurisdiction that is home to large-scale oxide gold systems ideal for open-pit heap leach mining. The Great Basin covers portions of the states of Nevada, Utah and Idaho. The Company has a proven track-record in discovery and building value in this region.

HIGHLIGHTS:

  • Liberty Gold announced the closing of the sale of the Halilağa porphyry copper gold deposit in Turkey, and receipt of the first of the three staged payments of $6.0 million. A further two $6.0 million installments are bank guaranteed and will be received on August 15, 2021 and August 15, 2022 respectively1.
  • Contributing towards Liberty Gold’s cash balance of $16.7 million held as at today’s date, since January 1, 2020, to the date of this release, we have received a total of C$3.4 million and C$1.4 million from the early exercise of Liberty Gold common share purchase warrants  (“Warrants”) issued pursuant to the bought deal financings that closed on October 2, 2018 and January 26, 2018, respectively; the Warrants are exercisable for C$0.60 and C$0.65, respectively, for a period of three years from issue.
  • In August 2020 we announced the start of a five-hole core drill program at the TV Tower property in Turkey.
  • Continuing the monetisation of non-core assets, on November 12, 2020, pursuant to an option agreement on the Baxter Spring gold project (“Baxter Option Agreement”), between Liberty Gold and Huntsman Exploration Inc. (TSXV:HMAN, formerly BlueBird Battery Metals Inc.) (“Huntsman”), Liberty Gold received $250,000 in cash and 14,986,890 common shares in Huntsman (“Huntsman Shares”) equal to 19.5% of the issued and outstanding Huntsman Shares2, subject to a 12 month hold period. Pursuant to the Baxter Option Agreement, a final payment of $250,000 is due on November 12, 2021. In addition, Liberty Gold will retain a 2% Net Smelter Royalty and back-in rights to acquire up to a 35% interest in Baxter Spring within three years, upon payment of the sum of $1.0 million to Huntsman. Liberty Gold also retains the right to appoint a member to Huntsman’s board of directors provided minimum share positions are maintained per the terms outlined in the Baxter Option Agreement.

At Black Pine we:

  • Reported weighted average 82.9% gold extraction in phase 2 of metallurgical column testing, with a range up to 94.5% gold extraction.3
  • Released further results from drilling at the D-1 zone. Highlights include:
    – 1.26 grams per tonne gold (“g/t Au”) over 10.7 metres (“m”), including 1.59 g/t Au over 7.6 m in LBP176.
    – 1.18 g/t Au over 16.8 m including 1.82 g/t Au over 7.6 m in LBP173.
    – 1.06 g/t Au over 32.0 m including 2.34 g/t Au over 10.7 m in LBP168.
  • Continue to intersect high-grade oxide gold in the D-3 zone, discovered in close proximity to the D-1 and D-2 zones and accretive to the overall gold endowment in the Black Pine gold system. Highlights include4:
    – 0.98 g/t Au over 80.8 m including 2.32 g/t Au over 18.3 m and including 5.60 g/t Au over 3.0 m, and 2.19 g/t Au over 7.6 m including 3.17 g/t Au over 4.6 m in LBP169.
    – 0.86 g/t Au over 9.1 m and 0.82 g/t Au over 33.5 m, including 1.28 g/t Au over 16.8 m in LBP162.
    – 1.50 g/t Au over 27.4 m and 0.62 g/t Au over 7.6 m in LBP203.
    – 1.10 g/t Au over 15.2 m, including 1.63 g/t Au over 7.6 m and 0.70 g/t Au over 44.2 m including 1.77 g/t Au over 3.0 m and 1.68 g/t Au over 4.6 m in LBP165.

SELECTED FINANCIAL DATA

The following selected financial data is derived from our unaudited condensed interim financial statements and related notes thereto (the “Interim Financial Statements”) for the three and nine months ended September 30, 2020 as prepared in accordance with International Accounting Standards – IAS 34: Interim Financial Statements.

A copy of the Interim Financial Statements is available on the Company’s website at www.libertygold.ca or on SEDAR at www.sedar.com.

The information in the tables below is presented in $000s in USD except per share data:

  Three months

ended
September 30
,
  Nine
months

ended
September
30
,
 
  20
20
201
9
  20
20
20
19
 
Attributable to shareholders:            
Income (loss) for the period $ 12,866 $ (2,931 ) $ 10,705 $ (7,182 )
Income (loss) and comprehensive income (loss) for the period $ 13,386 $ (3,128 ) $ 10,527 $ (7,143 )
Basic and diluted income (loss) per share $ 0.05 $ (0.01 ) $ 0.04 $ (0.03 )

  As at
September
30
,
As at December 31,
  2020   2019
Cash and short-term investments $ 17,496 $ 14,464
Working capital $ 18,235 $ 11,493
Total assets $ 57,644 $ 42,109
Current liabilities $     5,879 $     5,403
Non-current liabilities $     2,405 $     1,998
Shareholders’ equity $ 41,501 $ 26,192

ABOUT
LIBERTY
GOLD

Liberty Gold is focused on exploring the Great Basin of the United States, home to large-scale gold projects that are ideal for open-pit mining.  This region is one of the most prolific gold-producing regions in the world and stretches across Nevada and into Idaho and Utah.  We know the Great Basin and are driven to discover and advance big gold deposits that can be mined profitably in open-pit scenarios.  Our flagship projects are Black Pine in Idaho and Goldstrike in Utah, both past-producing open-pit mines, where previous operators only scratched the surface

For more information, visit www.libertygold.ca or contact:

Susie Bell, Manager, Investor Relations

Phone: 604-632-4677 or Toll Free 1-877-632-4677
[email protected]

All statements in this press release, other than statements of historical fact, are “forward-looking information” with respect to Liberty Gold within the meaning of applicable securities laws, including statements that address potential quantity and/or grade of minerals, potential size and expansion of a mineralized zone, proposed timing of exploration and development plans
.
Forward-looking information is often, but not always, identified by the use of words such as “seek”, “anticipate”, “plan”, “continue”, “planned”, “expect”, “project”, “predict”, “potential”, “targeting”, “intends”, “believe”, “potential”, and similar expressions, or describes a “goal”, or variation of such words and phrases or state that certain actions, events or results “may”, “should”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information is not a guarantee of future performance and is based upon a number of estimates and assumptions of management at the date the statements are made including, among others, assumptions about future prices of gold, and other metal prices, currency exchange rates and interest rates, favourable operating conditions, political stability,
including any impacts due to the recent pandemic of the novel coronavirus (COVID-19),
obtaining governmental approvals and
any
financing on time,
the receipt of future staged payments
relating to the option on
Baxter Spring
and on the sale of Halilağa
,
obtaining renewals for existing licenses and permits and obtaining required licenses and permits, labour stability, stability in market conditions, availability of equipment, accuracy of any mineral resources, the availability of drill rigs, the accuracy of a
preliminary economic assessment, successful resolution of disputes and anticipated costs and expenditures. Many assumptions are based on factors and events that are not within the control of Liberty Gold and there is no assurance they will prove to be correct.

Such forward-looking information, involves known and unknown risks, which may cause the actual results to be materially different from any future results expressed or implied by such forward-looking information, including, risks related to the interpretation of results and/or the reliance on technical information provided by third parties as related to the Company’s mineral property interests; changes in project parameters as plans continue to be refined; current economic conditions; future prices of commodities; possible variations in grade or recovery rates; the costs and timing of the development of new deposits; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; the timing and success of exploration activities generally; delays in permitting;
including any restrictions due to the recent pandemic of the novel coronavirus (COVID-19),
possible claims against the Company; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals, financing
,
or in the completion of exploration
,
as well as those factors discussed in the Annual Information Form of the Company dated
March 2
6
, 20
20
in the section entitled “Risk Factors”, under Liberty Gold’s SEDAR profile at 

www.sedar.com

.

Although Liberty Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Liberty Gold disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise unless required by law
.

1 See press release dated August 12, 2020
2 See press release dated September 29, 2020
3 See press release dated August 18, 2020
4  See press release dated September 10, 2020 and November 10, 2020



Tarsus Pharmaceuticals, Inc. to Present at the Jefferies Virtual London Healthcare Conference

IRVINE, Calif., Nov. 13, 2020 (GLOBE NEWSWIRE) — Tarsus Pharmaceuticals, Inc. (“Tarsus” NASDAQ: TARS), a late clinical-stage biopharmaceutical company whose mission is to discover and deliver breakthrough treatments to transform the lives of patients with common and poorly treated diseases, starting with the eye, today announced that Bobak Azamian, M.D., Ph.D., CEO of Tarsus, will present an overview of the company at the Jefferies Virtual London Healthcare Conference, being held November 17-19.

Presentation Details

Date: Thursday, November 19
Time: 11:10 AM GMT/ 6:10 AM EST/ 3:10 AM PST
Webcast:https://wsw.com/webcast/jeff141/tars/1861050

The live webcast will be hosted on ir.tarsusrx.com and available for replay for a period of 90 days.

In addition to the presentation, the management team will host investor meetings at the conference. Investors participating in the conference who are interested in meeting with Tarsus should contact their Jefferies representative.

About Tarsus Pharmaceuticals, Inc.
 

Tarsus Pharmaceuticals, Inc. is a late clinical-stage biopharmaceutical company whose mission is to discover and deliver breakthrough treatments to transform the lives of patients with common and poorly treated diseases, starting with the eye. It is advancing its pipeline to address several diseases across therapeutic categories including eye care, dermatology, and other diseases with high, unmet needs. Its lead product candidate, TP-03, is a novel therapeutic in Phase 2b/3 that is being developed for the treatment of Demodex blepharitis. For more information, please visit www.tarsusrx.com.

Forward-Looking Statements

Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute “forward-looking statements.” These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words, without limitation, “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will” or “would” or the negative of these terms or other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these or similar identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and the completion of the public offering on the anticipated terms of the offering or at all, and other factors discussed in the “Risk Factors” section of the preliminary prospectus that forms a part of the effective registration statement filed with the SEC. Any forward-looking statements contained in this press release are based on the current expectations of Tarsus’ management team and speak only as of the date hereof, and Tarsus specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

Media Contact:

Allison Howell
Pascale Communications, LLC
[email protected]



Aura Minerals Releases Its Third Quarter 2020 Financial and Operational Results

ROAD TOWN, British Virgin Islands, Nov. 13, 2020 (GLOBE NEWSWIRE) — Aura Minerals, Inc. (“Aura Minerals” or the “Company”) announces that the Company has filed today its interim financial statements for the third quarter of 2020, its associated management’s discussion and analysis and related certification filings for the third quarter of 2020 (collectively, the “Third Quarter Results”).

Rodrigo Barbosa, CEO of Aura, comments: “We at Aura are very pleased with both our quarterly results and the new trajectory for the company. Not only did we start this quarter with a successful IPO in Brazil, significantly strengthening our balance sheet and our support base, but also we delivered on our promises: Stronger production, lower cost and continued profit growth. Today, we published another record high result for Aura. Our team was able to achieve these results while also focusing on the safety of our employees, rigorously implementing procedures to avoid spread of COVID-19 within our operations, allowing us to resume near full production in our operations. The Q3 results shows that we continue to increase production when compared to Q4 2019 (pre-COVID-19 impacts) and to reduce costs. Moreover, we expect to continue to generate future growth by advancing several projects in our portfolio and adding more production during Q4 and the years to come.”

Forward-Looking Information

This press release contains “forward-looking information” and “forward-looking statements”, as defined in applicable Canadian securities laws (collectively, “forward-looking statements”) which include, but are not limited to, future development of the Company’s projects and increases in production.

Known and unknown risks, uncertainties and other factors, many of which are beyond the Company’s ability to predict or control, could cause actual results to differ materially from those contained in the forward-looking statements. Specific reference is made to the most recent Annual Information Form on file with certain Canadian provincial securities regulatory authorities for a discussion of some of the factors underlying forward-looking statements.

All forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements whether as a result of new information or future events or otherwise, except as may be required by law. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements.

About Aura 360° Mining

Aura is focused on mining in complete terms – thinking holistically about how its business impacts and benefits every one of our stakeholders: our company, our shareholders, our employees, and the countries and communities we serve. We call this 360° Mining.

Aura is a mid-tier gold and copper production company focused on the development and operation of gold and base metal projects in the Americas. The Company’s producing assets include the San Andres gold mine in Honduras, the Ernesto/Pau-a -Pique gold mine in Brazil, the Aranzazu copper-gold-silver mine in Mexico and Gold Road mine in the United States. In addition, the Company has two additional gold projects in Brazil, Almas and Matupá, and one gold project in Colombia, Tolda Fria.

For further information, please visit Aura’s website at www.auraminerals.com or contact:

Rodrigo Barbosa                 
President & CEO                
305-239-9332



Dow listed to 2020 Dow Jones Sustainability World Index

Dow listed to 2020 Dow Jones Sustainability World Index

MIDLAND, Mich.–(BUSINESS WIRE)–
Today, Dow (NYSE: DOW) was named to the Dow Jones Sustainability World Index (DJSI) by S&P Global, the investment specialist focused exclusively on Sustainability Investing. This is the 21st year Dow has achieved this prestigious ranking as one of the top companies in the global chemical industry in terms of sustainability performance.

“It is an honor to be listed to the Dow Jones Sustainability World Index in recognition of our comprehensive sustainability programs,” said Mary Draves, chief sustainability officer and vice president of Environment, Health and Safety. “For us, it’s more than programs. Sustainability is infused throughout our company culture in how we make decisions, run our businesses and operations, and innovate new products. Through our 2025 Sustainability Goals and the power of our people, we strive to deliver a sustainable future for the world through our expertise in materials science and in collaboration with our partners.”

In addition, Dow was named to the DJSI North America Index. Dow performed particularly well in Operational Eco-efficiency, Labor Practice Indicators, and Environmental and Social Reporting. These scores reflect Dow’s continued strong performance and efforts to increase transparency.

Since launching in 1999, the DJSI has provided benchmarking of the world’s largest companies in terms of their economic, environmental, and social performance. Approximately 3,500 companies are asked to participate in the Corporate Sustainability Assessment.

Learn more about sustainability at Dow, including its 2025 Sustainability Goals and new sustainability targets at Science & Sustainability.

About Dow

Dow (NYSE: DOW) combines global breadth, asset integration and scale, focused innovation and leading business positions to achieve profitable growth. The Company’s ambition is to become the most innovative, customer centric, inclusive and sustainable materials science company. Dow’s portfolio of plastics, industrial intermediates, coatings and silicones businesses delivers a broad range of differentiated science-based products and solutions for its customers in high-growth market segments, such as packaging, infrastructure and consumer care. Dow operates 109 manufacturing sites in 31 countries and employs approximately 36,500 people. Dow delivered sales of approximately $43 billion in 2019. References to Dow or the Company mean Dow Inc. and its subsidiaries. For more information, please visit www.dow.com or follow @DowNewsroom on Twitter.

Ashley Mendozza

+1.225.353.1806
[email protected]

Christy English

+1.989.638.4286

[email protected]

KEYWORDS: Michigan United States North America

INDUSTRY KEYWORDS: Packaging Chemicals/Plastics Environment Manufacturing

MEDIA:

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BABA CLASS ACTION NOTICE: The Law Offices of Frank R. Cruz Files Securities Fraud Lawsuit Against Alibaba Group Holding Limited

BABA CLASS ACTION NOTICE: The Law Offices of Frank R. Cruz Files Securities Fraud Lawsuit Against Alibaba Group Holding Limited

LOS ANGELES–(BUSINESS WIRE)–The Law Offices of Frank R. Cruz announces that it has filed a class action lawsuit in the United States District Court for the Southern District of New York captioned Ciccarello v. Alibaba Group Holding Limited, et al., (Case No. 1:20-cv-09568) onbehalf of persons and entities that purchased or otherwise acquired Alibaba Group Holding Limited (“Alibaba” or the “Company”) (NYSE: BABA) securities between October 21, 2020 and November 3, 2020, inclusive (the “Class Period”). Plaintiff pursues claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”).

If you are a shareholder who suffered a loss, click here to participate.

Alibaba is an online and mobile commerce company. Alibaba owns a 33% equity interest in Ant Small and Micro Financial Services Group Co., Ltd. (“Ant Group”), a financial technology company that is best known for operating Alipay, one of the largest mobile and online payments platforms.

On July 20, 2020, Ant Group announced that it had begun the process of a concurrent initial public offering (“IPO”) on the Shanghai and Hong Kong stock exchanges.

On October 26, 2020, Ant Group priced its IPO and was set to raise $34.5 billion, making it the largest public offering in history.

On November 2, 2020, Financial Times reported that Chinese regulators had met with Ant Group’s controller Jack Ma, executive chairman Eric Jing, Chief Executive Officer Simon Hu. The article stated that, though regulators did not provide details, “the Chinese word used to describe the interview – yuetan – generally indicates a dressing down by authorities.” The article also included a statement from Ant Group that it will “implement the meeting opinions in depth.”

On November 3, 2020, the IPO was suspended because Ant Group “may not meet listing qualifications or disclosure requirements due to material matters” related to the meeting with regulators the previous day and “the recent changes in the Fintech regulatory environment.”

On this news, the Company’s share price fell $25.27, or 8%, to close at $285.57 per share on November 3, 2020, on unusually heavy trading volume.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that Ant Group did not meet listing qualifications or disclosure requirements for certain material matters; (2) that certain impending changes in the Fintech regulatory environment would impact Ant Group’s business; (3) that, as a result of the foregoing, Ant Group’s IPO was reasonably likely to be suspended; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you purchased Alibaba securities during the Class Period, you may move the Court no later than 60 days from the date of this notice to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you purchased Mesoblast securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to [email protected], or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

The Law Offices of Frank R. Cruz, Los Angeles

Frank R. Cruz, 310-914-5007

[email protected]

www.frankcruzlaw.com

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Legal Professional Services

MEDIA:

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POSaBIT Closes Non-Brokered Private Placement of Convertible Notes and Warrants

POSaBIT Closes Non-Brokered Private Placement of Convertible Notes and Warrants

Not for distribution to United States newswire services or for dissemination in the United States

TORONTO & SEATTLE–(BUSINESS WIRE)–
POSaBIT Systems Corporation (CSE: PBIT) (“POSaBIT” or the “Company”) announces that it has closed a non-brokered private placement (the “Offering”) of an aggregate of US$1,040,000 principal amount of 12% convertible unsecured notes due December 31, 2023, convertible into common shares of the Company (“Common Shares”) at a conversion price of C$0.12 per Common Share, and 5,650,231 common share purchase warrants (the “Warrants”). Each Warrant will entitle the holder to purchase one Common Share for a period of five years at an exercise price of C$0.12 per Common Share. The Company received aggregate gross proceeds from the Offering of US$1,040,000.

The securities issued pursuant to the Offering will be subject to a four month hold period in accordance with applicable Canadian securities laws.

The net proceeds raised under the Offering will be used for general working capital and corporate purposes.

In connection with the Offering, the Company paid to Canaccord Genuity Corp. finder’s fees consisting of $64,350 in cash and 349,608 finder’s warrants, with each finder’s warrant exercisable to acquire one Common Share of the Company until November 13, 2022 at an exercise price of C$0.12 per share.

This press release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction. The securities will not be and have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements.

About POSaBIT

POSaBIT (CSE: PBIT) is a financial technology company that delivers unique and innovative, blockchain-enabled payment processing and point-of-sale systems for cash-only businesses. POSaBIT specializes in resolving pain points for complex, high-risk, emerging industries like cannabis with an all-in-one solution that is compliant, user-friendly and utilizes top-of-the-line hardware. POSaBIT’s unique solution provides a safer and transparent environment for merchants while creating a better overall experience for the consumer. For additional information, visit: www.posabit.com.

Investor Relations:

[email protected]

Media Relations:

Oscar Dahl

206-660-7246

[email protected]

Management:

Ryan Hamlin

Co-Founder and CEO of POSaBIT

855-767-2248

[email protected]

KEYWORDS: North America Canada

INDUSTRY KEYWORDS: Technology Finance Other Retail Tobacco Specialty Professional Services Software Hardware Retail

MEDIA:

FMO Announces Accrual for Income Tax Expense

NEW YORK, Nov. 13, 2020 (GLOBE NEWSWIRE) — Fiduciary/Claymore Energy Infrastructure Fund (“FMO” or the “Fund”) today announced a change in the estimate of the accrual of federal and state income tax expense caused by sales of investments. The Fund’s net asset value per share (“NAV”), which was impacted on November 13, 2020, is $6.20, which takes into account such accrual. The accrual is estimated, and the Fund’s actual tax liability could vary.

The Fund is generally subject to U.S. federal income tax on its taxable income at the 21% rate applicable to corporations and, in addition, is subject to various state income taxes. The Fund accrues estimated current federal and state income tax expense based on current income and gains generated from its underlying investments and trading activity. Any net current or deferred income tax expense or net deferred income tax liability will reduce the Fund’s NAV.

For purposes of estimating the Fund’s current and deferred income tax expense or benefit, deferred tax liabilities and net deferred tax assets for financial statement reporting and determining its NAV, the Fund is required to rely, to some extent, on information reported by the master limited partnerships (“MLPs”) in which it invests. Such information may not be received in a timely manner, with the result that the Fund’s estimates regarding its deferred tax expense or liability could vary dramatically from the Fund’s actual tax expense or liability and, as a result, the determination of the Fund’s actual tax liability may have a material impact on the Fund’s NAV. The Fund expects to receive such final information from the MLPs in March/April 2021.

More Information About the Fund

The Fund’s investment objective is to provide a high level of after-tax total return with an emphasis on current distributions paid to shareholders. Under normal market conditions, the Fund invests at least 80% of its managed assets in energy infrastructure MLPs and other energy infrastructure companies (“energy infrastructure entities”) and invests at least 65% of its managed assets in equity securities of energy infrastructure entities. A substantial portion of the energy infrastructure entities in which the Fund invests are engaged primarily in the energy, natural resources and real estate sectors.

There can be no assurance that the Fund will achieve its investment objective. Investments in the Fund involve operating expenses and fees. The NAV of the Fund will fluctuate with the value of the underlying securities. It is important to note that closed-end funds trade on their market value, not NAV, and closed-end funds often trade at a discount to their NAV.

About Guggenheim Investments

Guggenheim Investments includes Guggenheim Funds Investment Advisors, LLC (“GFIA”). GFIA serves as Investment Adviser for FMO. Tortoise Capital Advisors, L.L.C. serves as Investment Sub-Adviser for FMO and is not affiliated with Guggenheim.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any security. The Fund has completed its initial public offering. Investors should consider their investment goals, time horizons and risk tolerance before investing in the Fund. An investment in the Fund is not appropriate for all investors and is not intended to be a complete investment program.
Investors should consider the investment objectives and policies, risk considerations,
including tax risks and risks of investing in MLPs,
charges and expenses of any investment before they invest. For this and more information
,
visit www.guggenheiminvestments.com or contact a securities representative or
Guggenheim Funds Distributors, LLC 227 West Monroe Street, Chicago, IL 60606, 800-345-7999.

Analyst Inquiries
William T. Korver
[email protected]

Not FDIC-Insured | Not Bank-Guaranteed | May Lose Value
Member FINRA/SIPC (11/20)



Contango ORE Announces Record Date and 2020 Virtual Annual Meeting Date; Results for the Quarter Ended September 30, 2020

Contango ORE Announces Record Date and 2020 Virtual Annual Meeting Date; Results for the Quarter Ended September 30, 2020

HOUSTON–(BUSINESS WIRE)–
Contango ORE, Inc. (“CORE” or the “Company”) (OTCQB: CTGO) announced today that stockholders of record at the close of business on November 6, 2020 are entitled to notice of and vote at the 2020 virtual annual meeting of stockholders of the Company. Stockholders of the Company are invited to attend the annual meeting virtually on Friday, December 11, 2020 at 10:30 a.m., Central Time.

Stockholders will be asked to (i) elect a Board of Directors to serve until the next annual meeting of stockholders, (ii) ratify the appointment of Moss Adams LLP as the Company’s independent auditors for fiscal year 2021, (iii) approve an amendment to the Company’s Certificate of Incorporation that will increase the number of authorized shares of its common stock from 30,000,000 shares to 45,000,000 shares, (iv) ratify and approve, on a non-binding, advisory, basis, the compensation of the Company’s named executive officers, (v) vote, on a non-binding, advisory, basis, on the frequency of the advisory vote on the compensation of the Company’s named executive officers, and (vi) grant discretionary authority to the chairman of the annual meeting to adjourn the annual meeting, if necessary, to solicit additional proxies. Please refer to the Definitive Proxy that was filed with the Securities and Exchange Commission on November 9, 2020 and mailed to stockholders on or about November 11, 2020, for more details on the proposals. Stockholders of the Company may cast one vote for each share of common stock that they own as of the record date.

The Company also announced that it filed its Form 10-Q for the quarter ended September 30, 2020 with the Securities and Exchange Commission on November 13, 2020.

The Company reported a net income of $33.4 million or $5.09 per basic and diluted share for the three months ended September 30, 2020, compared to a loss of $1.9 million or $(0.29) per basic and diluted share for the same period last year. The increase is due to the gain on sale of a portion of the Company’s equity investment in Peak Gold, LLC (the “Joint Venture Company”) to an affiliate of Kinross Gold Corporation (“Kinross”) on September 30, 2020.

Rick Van Nieuwenhuyse, the Company’s President and CEO commented, “For the first time in the history of the Company, we have booked a significant profit and now have $33.0 million in cash on hand. The Company is well positioned to bring our 30% interest in the high quality Peak Gold Project to a production decision with our partners, Kinross and the Tetlin Alaska Native Tribe. We look forward to updating you on our progress.”

About CORE

CORE is a Houston-based company that engages in exploration for gold ore and associated minerals in Alaska through a 30% interest in the Joint Venture Company, which leases approximately 675,000 acres for exploration and development and through its wholly-owned subsidiary, Contango Minerals Alaska, LLC, which separately leases approximately 168,000 acres for exploration. Additional information can be found on our web page at www.contangoore.com.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements regarding CORE that are intended to be covered by the safe harbor “forward-looking statements” provided by the Private Securities Litigation Reform Act of 1995, based on CORE’s current expectations and includes statements regarding future results of operations, quality and nature of the asset base, the assumptions upon which estimates are based and other expectations, beliefs, plans, objectives, assumptions, strategies or statements about future events or performance (often, but not always, using words such as “expects”, “projects”, “anticipates”, “plans”, “estimates”, “potential”, “possible”, “probable”, or “intends”, or stating that certain actions, events or results “may”, “will”, “should”, or “could” be taken, occur or be achieved). Forward-looking statements are based on current expectations, estimates and projections that involve a number of risks and uncertainties, which could cause actual results to differ materially from those, reflected in the statements. These risks include, but are not limited to: the risks of the exploration and the mining industry (for example, operational risks in exploring for, developing mineral reserves; risks and uncertainties involving geology; the speculative nature of the mining industry; the uncertainty of estimates and projections relating to future production, costs and expenses; the volatility of natural resources prices, including prices of gold and associated minerals; the existence and extent of commercially exploitable minerals in properties acquired by CORE or the Joint Venture Company; ability to realize the anticipated benefits of the recent transactions with an affiliate of Kinross Gold Corporation; disruption from the transactions and transition of the Joint Venture Company’s management to an affiliate of Kinross Gold Corporation, including as it relates to maintenance of business and operational relationships; potential delays or changes in plans with respect to exploration or development projects or capital expenditures; the interpretation of exploration results and the estimation of mineral resources; the loss of key employees or consultants; health, safety and environmental risks and risks related to weather and other natural disasters); uncertainties as to the availability and cost of financing; inability to realize expected value from acquisitions; inability of our management team to execute its plans to meet its goals; extent of disruptions caused by the COVID-19 outbreak; and the possibility that government policies may change or governmental approvals may be delayed or withheld, including the inability to obtain any mining permits. Additional information on these and other factors which could affect CORE’s or the Joint Venture Company’s exploration program or CORE’s financial results are included in CORE’s other reports on file with the Securities and Exchange Commission. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from the projections in the forward-looking statements. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made. CORE does not assume any obligation to update forward-looking statements should circumstances or management’s estimates or opinions change.

Contango ORE, Inc.

Rick Van Nieuwenhuyse

(713) 877-1311

www.contangoore.com

KEYWORDS: Texas United States North America

INDUSTRY KEYWORDS: Mining/Minerals Natural Resources

MEDIA:

S&P Dow Jones Indices Announces Dow Jones Sustainability Indices 2020 Review Results

PR Newswire

NEW YORK and AMSTERDAM, Nov. 13, 2020 /PRNewswire/ — S&P Dow Jones Indices (“S&P DJI”), the world’s leading index provider, today announced the results of the annual Dow Jones Sustainability Indices (DJSI) rebalancing and reconstitution. The DJSI are float-adjusted market capitalization weighted indices that measure the performance of companies selected with environmental, social and governance (ESG) criteria.

Launched in 1999, the DJSI including the Dow Jones Sustainability™ World Index (DJSI World) were among the very first set of global indices to track the largest and leading sustainability-driven publicly listed companies. The DJSI World, for example, is comprised of corporate leaders in global sustainability as identified by SAM, now a part of S&P Global, and represents the top 10% of the largest 2,500 companies in the S&P Global Broad Market Index based on long-term economic and ESG factors.

As a result of this year’s review, the following top three largest companies based on free-float market capitalization have been added to and deleted from the DJSI World. All changes are effective on Monday,November 23, 2020.

Additions: Humana Inc, Ecolab Inc, Fast Retailing Co Ltd
Deletions: Alphabet Inc, Bank of America Corp1, United Parcel Service Inc2

The DJSI combine S&P DJI’s transparent rules-based index methodology with robust data from SAM’s Corporate Sustainability Assessment (CSA), an annual evaluation of companies’ sustainability practices. Each year, SAM evaluates more than 7,300 companies around the world, while the plan for 2020 is to evaluate more than 10,000. Furthermore, 2020 saw a record 19% increase in the number of companies actively completing the CSA which consists of a rigorous questionnaire assessing both public and non-public data submitted by participants.

Earlier this week, S&P Global announced that companies participating in the 2020 CSA will receive access to their S&P Global ESG Scores at the question level for the first time. Earlier this year, the DJSI methodology was updated to ensure that the indices continue to meet their stated objectives using a best-in-class approach whereby companies are scored based on a range of financially relevant and industry-specific ESG considerations.

The DJSI also include regional and country-level versions. The full results and list of DJSI constituents are available at https://www.spglobal.com/esg/csa/.

For more information about the DJSI methodology, please visit: www.spglobal.com/spdji.

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit: www.spglobal.com/spdji.

S&P DJI MEDIA CONTACTS:


[email protected] 

April Kabahar 
Head of Communications
New York, USA
(+1) 917 796 3121
[email protected]


Asti Michou

Communications Manager, EMEA
London, UK
+44 797 088 7863
[email protected]

1 Still member of DJSI World Enlarged and DJSI North America
2 Still member of DJSI World Enlarged and DJSI North America

Cision View original content:http://www.prnewswire.com/news-releases/sp-dow-jones-indices-announces-dow-jones-sustainability-indices-2020-review-results-301173056.html

SOURCE S&P Dow Jones Indices

Olympia Financial Group Inc. Announces Third Quarter 2020 Results

Olympia Financial Group Inc. Announces Third Quarter 2020 Results

CALGARY, Alberta–(BUSINESS WIRE)–
Olympia Financial Group Inc. (“Olympia”) (TSX:OLY) today announces its operating and financial results for the period ended September 30, 2020.

The unaudited condensed interim financial statements and notes, as well as management’s discussion and analysis, are now available on SEDAR (www.sedar.com).

Results from continuing operations for the period ended September 30, 2020 include the following (compared to continuing operations for the period ended September 30, 2019):

  • Earnings before income tax decreased 24% to $2.50 million from $3.27 million.
  • Total revenue decreased 6% to $11.33 million from $12.09 million, mainly as a result of a decreases in both service revenue and interest revenue. Service revenue decreased in the Private Health Services division, Registered Plans division and Currency and Global Payments division.
  • Service revenue decreased 3% to $8.43 million from $8.67 million, mainly due to a decrease in operating activities as a result of the COVID-19 pandemic. COVID-19 had the largest impact on the Private Health Services division, with revenue deceasing 9% compared to the previous year.
  • Olympia’s interest revenue and trust income are subject to fluctuations depending on account balances and changes in the Canadian prime rate. Interest revenue and trust income decreased 15% to $2.90 million from $3.42 million, mainly due to changes in the Canadian prime rate. The Canadian prime rate was 2.45% as at September 30, 2020, compared to 3.95% on September 30, 2019. With interest rates at historic lows, Olympia interest revenue is likely to continue to decrease as term deposits mature and are renewed at lower rates.
  • Direct and administrative expenses (excluding depreciation and amortization) decreased 3% to $8.62 million from $8.90 million, mainly due to decreases in commission expense, salaries, bonuses and wages.

The severity, duration and outcome of the COVID-19 pandemic and its long-term impact on Olympia remain uncertain. Management continues to focus on the safety of our people, connectivity of our customer base, compliance with guidelines and requirements issued by various governmental authorities, and continuity of other critical business operation.

About Olympia Financial Group Inc.

Olympia Financial Group Inc. (“OFGI”) conducts most of its operations through its wholly-owned subsidiary Olympia Trust Company, a non-deposit taking trust company. Olympia Trust Company is licensed to conduct trust activities in Alberta, British Columbia, Saskatchewan, Manitoba, Quebec, Newfoundland and Labrador, Prince Edward Island, New Brunswick and Nova Scotia. Olympia Trust Company administers self-directed registered plan accounts, provides currency exchange and payment services and corporate trust and transfer agency services. OFGI also offers private health services plans through its wholly-owned subsidiary Olympia Benefits Inc. and provides information technology services to exempt market dealers, registrants and issuers through its subsidiary Exempt Edge Inc.

OFGI’s common shares are listed on the Toronto Stock Exchange under the symbol “OLY”.

Olympia Financial Group Inc.

Rick Skauge, President and Chief Executive Officer

Gerhard Barnard, Vice-President, Finance and Chief Financial Officer

Phone: (403) 261-0900

Fax: (403) 265-1455

KEYWORDS: North America Canada

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

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