TransAlta wind turbines are shown at a wind farm near Pincher Creek, Alta., Wednesday, March 9, 2016.The Canadian Press
Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Lumenpulse
Inc. (LMP-T) reported second-quarter revenue of $56.3-million
compared to $37.4-million for the same period last year.
Analysts
were expecting revenue of $40.1-million.
Net
income decreased to $2-million from $2.6-million year-over-year.
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Premium Brands Holdings Corp. (PBH-T) is buying Toronto-based Diana's Seafood for an undisclosed price.
"We are very excited about Diana's joining our rapidly growing Seafood Group business platform," stated CEO George Paleologou in a release.
"The
Diana's transaction, which is our Seafood Group's fifth acquisition, moves this
platform one step closer to its objective of building Canada's only national seafood
distribution network."
**
ADF Group Inc. (DRX-T) reported third-quarter revenues of $21.1-million, compared to $21.3-million for the same period a year ago.
Net income was $36,000 or zero cents per share compared with a net income of $1-million or 3 cents per share a year ago.
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TransAlta Corp. (TA-T; TAC-N) has completed the private placement of $202.5-million in senior secured floating-rate bonds.
"This is another step toward achieving our goal of raising $400-to-$600-million of project financing in 2016," said chief financial officer Donald Tremblay. "So far in 2016, we have completed approximately $362-million of project level including the New Richmond project financing from earlier this year."
Net proceeds are expected to be used to provide financing and reduce debt.
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Input Capital Corp. (INP-X) says its board has approved a new quarterly dividend to Class A common shareholders.
The company said it will pay a penny per share on Jan. 16 to shareholders of record on Dec. 30.
"We have long stated that a dividend was likely in Input's future, and we feel that time has come," said CEO Doug Emsley in a release. "Input is now sufficiently funded to deliver on its business plan and pay a regular dividend to shareholders."
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Slate Retail REIT (SRT.UN-T) has an agreement to buy Norwin Town Square, a 100-per-cent occupied Shop 'n Save-anchored centre, in the Pittsburgh area for $18.9-million (U.S.).
Closing is expected to be completed in the first quarter of 2017, the company said.
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Major Drilling Group International Inc. (MDI-T) reported second-quarter revenue of $79.9-million, down 5.7 per cent from revenue of $84.7-million recorded in the same quarter last year.
Its net loss was $9.8-million or 12 cents per share for the quarter, compared to a net loss of $5.3-million or 7 cents per share for the prior-year quarter.
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Newalta
Corp. (NAL-T) appointed Linda Dietsche as executive vice-president and chief financial officer, effective Jan. 1.
Ms. Dietsche, currently vice-president of finance, will succeed Mike Borys, "who has intended to take some personal time since returning to the company from a brief health leave in February, 2014," the company said.
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Shawcor Ltd. (SCL-T) is raising $150-million in a bought deal financing.
It has an agreement with a syndicate of underwriters led by TD Securities Inc. for about 4.6 million shares at $32.80 each.
The company said the net proceeds will be used to "facilitate investments in working capital related to booked and future potential orders for large pipe coating projects," as well as to pay off debt.
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