Tuesday’s small-cap stocks to watch

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Our roundup of Canadian small-caps making news and on the move today.

Edmonton-based Athabasca Minerals Inc. (ABM-X) has appointed Scott MacDougall as the company's interim president and chief executive. Mr. MacDougall previously served as both chief operating officer and vice-president of operations since joining Athabasca Minerals in April, 2014.

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Vancouver-based Northern Empire Resources Corp. (NM-X) said it has acquired the Manson Creek property, Omineca Mining Division, British Columbia.

"The Manson Creek option aligns with our strategy to take advantage of the depressed market conditions in the resource sector to acquire properties with significant exploration potential at low entry and low holding cost," said Northern Empire's Chairman, John Robins.

The Manson Creek Property consists of three claims totalling 3,484 hectares and is located 70 kilometres west of the town of Mackenzie and 45 kilometres north of the Mount Milligan Mine. It is road accessible from Mackenzie or Fort St. James year round and terrain is moderate.

"The claim blocks contain gold-in-silt anomalies in a favorable geological setting which has been largely untested by work completed to date. Favourable access and infrastructure make this an ideal early-stage prospect which can be advanced with an initial modestly-sized exploration program," the company said.

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Calgary-based TransGlobe Energy Corp. (TGL-T;TGA-Q) said its second-quarter production averaged about 15,000 barrels of oil per day. The company also said it completed the sale of 544,752 barrels of entitlement oil to a third-party buyer for net proceeds of $25.8-million. And it approved a second-quarter dividend of 5 cents per share. The company estimated that production for the third quarter will be in the 13,800 bopd range due to natural well declines and potential increased well servicing during the summer months.

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Gold exploration company Roxgold Inc. (ROG-X) said International Finance Corp. has proposed to make an investment of $18.4-million in the company by means of a non-brokered private placement. The private placement is expected to consist of 25,783,352 units at a price of 71.36 cents per unit, for gross proceeds of $18.4-million.