Take a closer look at small cap companies to boost your portfolio.Photos.com/The Globe and Mail
Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Anfield Gold Corp. (ANF-X) says it has completed the second closing of its non-brokered private placement of common shares, issuing 24.4 million share at 82 cents each.
"The net proceeds of the second closing will be used for the repayment of Anfield debt, including debt incurred as a result of Anfield's acquisition of Magellan, costs associated with completing a feasibility study on Anfield's Coringa project, costs associated with the development of Anfield's Coringa project, and general working capital purposes, the company said.
In a separate release, mining financier Ross Beaty said he acquired 2.4 million shares in the financing. The purchase takes his stake in the company to about 25 per cent.
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Norbord Inc. (OSB-T, OSB-N) says its OSB mill in High Level, Alta. resumed production over the weekend following a fire on May 4.
It said the fire broke out in the mill yard, and spread to the log storage area outside the plant. The company said it immediately suspended production at the mill.
The mill has been ramping up towards full production since resuming operations in late 2013.
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Orezone Gold Corp. (ORE-X) is selling its Bondi Gold Project to Sarama Resources (SWA-X) in an all share deal valued at $1.4-million
In a release, the companies said the deal will allow Sarama to further consolidate and explore the Houndé Belt in Burkina Faso, West Africa.
"Orezone and Sarama consider Bondi to be a strategic permit within the package of land currently being explored by Sarama.
At the closing of the transaction, Orezone will own 9.1 per cent of Sarama, and warrants, representing approximately 13.2 per cent.