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Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Mobile technology company Sandvine Corp. (SVC-T) says it has received orders totalling $7 million from two communication service providers in the Middle East and Africa.
The Waterloo-based company, which provides broadband network solutions for fixed and mobile operators, said the first order comes from an existing customer with both mobile and fixed network covering 36 million subscribers. The second order is from a new fixed line customer. Sandrine said both customers will used its wPTS 32000 platform and software licenses.
The PTS 32000 will be in both the fixed and mobile properties of the existing customer, "which will allow it to unify policy control for subscribers across networks, regardless of how they are accessing the Internet," Sandrine stated in a release, describing its as a "unique differentiator."
Sandvine also said the converged operator has purchased its Service Delivery Engine, which includes its Policy and Charging Rules Function (PCRF) that allows operators to enable subscriber services such as shared data, data rollover, sponsored data and consistent policy control in any network or across multiple networks.
"Sandvine's ability to offer an end-to-end policy control solution for all access technologies, including best of breed detection, policy and enforcement capabilities, makes us unique in the industry. Converged operators like this one highlight the importance of that differentiation. We were able to displace a major network equipment vendor that offered less end-to-end functionality and that could not operate in both access networks with a single solution," stated Tom Donnelly, Sandrine's COO, Sales and Global Services.
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Dealnet Capital Corp. (DLS-X) said revenues increased 16-per-cent in third-quarter to $3.4 million compared to the same time last year, but the consumer financing company also reported a wider loss in the period.
The Toronto-based company, which started trading on the TSX Venture Exchange in July, said it lost $1.6 million for the quarter ended Sept. 30, compared to a loss of $856,000 a year earlier.
Selling and administrative expenses increased to $2.7 million in the quarter, up from $1.8 million last year, according to documents filed on Sedar. Transaction costs were also higher.
Adjusted earnings before interest taxes depreciation and amortization (EBITDA) was a loss of 590,000, up from a loss of $173,000 a year earlier.
DealNet said revenues for the nine months ended Sept. 30 were up 41 per cent to $9.6 million. It also reported a loss for the nine-month period of $5.1 million compared to $1.88 million a year earlier, citing "transaction costs, severance costs and other non-cash items."
Some of the transaction costs are for legal and due diligence work for its acquisition of Gemma Communications on Sept. 30. The costs in the comparative period for 2014 are legal costs related to the acquisition of Impact Mobile, the company said.
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Centerra Gold Inc. (CG-T) said its vice president and chief financial officer Jeff Parr is retiring as of March 31 and it has promoted Darren Millman to the role as of April 1.
Mr. Millman joined the company in 2013, from Ivanhoe Australia, and is currently vice president finance and treasurer. Mr. Parr has been vice president finance since 2006 and CFO since 2008.
Toronto-based Centerra is the largest Western-based gold producer in Central Asia and has operations in North America.
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Osisko Gold Royalties Ltd (OR-T) says it has a binding letter agreement with Barkerville Gold Mines (BGM-V) to purchase 32 million common shares of Barkerville and a 1.5 per cent NSR (net smelter return) royalty on the Cariboo Gold Project in B.C. for $25 million cash.
"We are pleased to fund Baskerville's exploration and development activities in an evolving gold mining district … ," Osisko chief executive Sean Roosen stated in a release.
As part of the royalty financing, Osisko and Barkerville have also agreed to negotiate a gold stream agreement following the completion by Barkerville of a feasibility study on the Cariboo project. Osisko will also have the right to appoint two nominees to Barkerville s board of directors. When the private placement is closed, Mr. Roosen will be co-chairman of Barkerville and Chris Lodder, currently a director of Barkerville, will serve as Osisko's second nominee. Barkerville can also appoint Osisko's nominees to president and chief operating officer of Barkerville. Thomas Obradovich will continue as CEO of Barkerville
Both the private placement and the royalty financing are expected to close on or around Jan. 15.