Oil prices have plunged to five-and-a-half-year lows amid soaring production from U.S. shale plays and sluggish demand.Reuters
Our roundup of Canadian small-caps making news and on the move today.
Milling operations at North American Palladium Ltd.'s (PDL-T) Lac des Iles mine has successfully restarted. Operations had been suspended due to persistent high water levels. Underground operations continued during the suspension and has resulted in a large stockpile of approximately 250,000 tonnes of crushed ore which is currently available for processing.
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Lightstream Resources Ltd. (LTS-T) announced that it has entered into a privately negotiated agreement to issue a total of US$395 million in second lien notes in exchange for US$465 million of existing 8.625 per cent unsecured senior notes due in 2020, which will now be cancelled. The company has also agreed to issue to the same parties, with an expected closing this month, an additional US$200 million in secured notes for cash proceeds, which the company expects to use to reduce its credit facility.
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INFOR Acquisition Corp. (IAX.UN-T) ") announced that the securities underlying the company's class A restricted voting units consisting of one class A restricted voting share and one-half of a warrant, will commence trading separately on the TSX effective July 6, 2015. The class A restricted voting shares and whole warrants are expected to trade under the symbols "IAC.A" and "IAC.WT", respectively.