Various gold bars, are displayed in the German central bank's headquarters in Frankfurt, Germany, Thursday, Feb. 9, 2017. (AP Photo/Michael Probst)The Associated 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.
Seabridge Gold Inc. (SEA-T; SA-N) is raising $14.3-million in a bought deal offering of common shares and another $20-million in an offering of flow-through shares.
It has two agreements with a syndicate of underwriters co-led by Canaccord Genuity Corp. and Cantor Fitzgerald Canada Corp. for total proceeds of $34.3-million.
The proceeds from the common share offering will be used to help build its KSM and Iskut projects. The proceeds from the flow-through share offering will be used to fund the 2017 exploration program at both projects.
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Reitmans Canada Ltd. (RET-T) reported fourth-quarter sales of $248.4-million as compared with $242.2-million for the same period a year ago, "despite a net reduction of 90 stores, the company said. Analysts were expecting sales of $243.1-million.
Same-store sales increased 8 per cent, the company said, "marking the eleventh consecutive quarter of positive same-store sales."
Net earnings for the three months ended Jan. 28, were $300,000 as compared with a $16.5-million net loss a year earlier. Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) was $5.5-million as compared with $2-million a year earlier.
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SIR Royalty Income Fund (SRV.UN-T) says its operating entity SIR Corp. reported revenue from corporate restaurant operations of $62.4-million in the second quarter, up 2 per cent compared to $61.2-million a year earlier. The company operates a number of restaurant chains including those under the banner Jack Astor's Bar and Grill, Alice Fazooli's and Canyon Creek Chop House, among others.
SIR's net loss was $9.9-million compared to net income of $9.1-million a year earlier.
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Exfo Inc. (EXFO-Q; EXF-T) reported sales of $60-million (U.S.) in the second quarter compared to $53.6-million a year earlier. Analysts were expecting sales of $60.6-million.
Net earnings were $1-million or 2 cents per share, compared to $4-million or 7 cents a year earlier.
It also named Philippe Morin as its new CEO, effective April 1.
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OneREIT (ONR.UN-T) reported fourth-quarter net income of $14.2-million compared to $4.9-million a year earlier.
Rental revenue and other income came in at $30-million compared with $30.7-million a year earlier.
Funds from operations came in at 11 cents per unit, similar to a year earlier.
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Sierra Metals Inc. (SMT-T) reported fourth-quarter revenue of $41.8-milion up from $25-million a year earlier.
It reported a net loss in the quarter of $5.1-million compared to a loss of $27.1-million a year earlier.
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Cargojet Inc. (CJT-T) is making changes to some of its governance in response to recommendations of Institutional Shareholder Services.
It reduced the number of common voting shares or variable voting shares under its amended restricted share unit plan to 3.2 per cent from 4 per cent.
It also amended its advance notice by-law for the nomination of directors.
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Aurora Cannabis Inc. (ACB-X) says its shares have started trading on the OTCQX Best Market, operated by OTC Markets Group, under the ticker symbol ACBFF.
The shares previously traded on the OTCQB Venture Market.
"We are very pleased that Aurora is the first Canadian licensed producer to upgrade U.S. trading in our shares to the OTCQX," said CEO Terry Booth in a release.
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Alexco Resource Corp. (AXU-N; AXR-T) reported a net loss of $1.8-million or 2 cents per share in the fourth quarter. That compares to a loss of $1.5-million or 2 cents a year earlier.
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Park Lawn Corp. (PLC-T) reported fourth-quarter net earnings of $4.3-million of 45.6 cents per share compared to earnings of $479,000 or 8.3 cents a year earlier.
Adjusted net earnings were $1.2-million versus $692,600 a year earlier.
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Pure Multi-Family REIT (RUF.UN-T) is raising $70-million in a bought-deal financing.
It has an agreement with a syndicate of underwriters to buy 7.9 million units at $8.90 each.
Pure Multi-Family said it intends to use the net proceeds to fund future acquisitions.
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Spectral Medical Inc. (EDT-T) reported revenue of $806,000 for the fourth quarter compared to $715,000 for the same three-month period last year.
Its loss for the quarter was $1-million or a half a cent per share compared to $2.4-million or a penny per share a year earlier.
Analysts were expecting a loss of a penny per share.
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Knightswood Financial Corp. (KWF-X) says it's "unaware of any material change in the company's operations that would account for the recent increase in market activity."
The investment company's stock rose 57 per cent on March 29.
The company said it has previously announced an intention to investigate opportunities in various industries including the cannabis industry "and confirms that it is in advanced negotiations for several transactions, but no agreements have been reached, and there is no assurance any contracts will be entered into."