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File photo of the site of the Sherritt International Corp. Ambatovy nickel mine in Madagascar.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.

TORC Oil & Gas Ltd. (TOG-T) says it's buying light oil assets complimentary to its existing assets in southeast Saskatchewan from an independent Canadian oil and gas company.

The company is also raising $75-million in a bought deal financing that includes 10.6 million shares at $7.05 each.

The Canada Pension Plan Investment Board has also committed to invest $25-million through a concurrent private placement, the company said.

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Capital Power Corp. (CPX-T)  says it will exercise "every legal avenue at our disposal" to make sure the Alberta government honours power purchase agreements following legal action that seeks to "retroactively amend and reinstate" certain agreements.

"We believe the legal claim is without merit, and we will look to the courts to ensure that the Government of Alberta cannot retroactively amend an arrangement for which Albertan companies paid and upon which they have been relying in good faith for 16 years," stated CEO Brian Vaasjo in a release.

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Klondex Mines Ltd. (KDX-T, KLDX-N) says it's buying the Hollister mine and the Esmeralda mine and ore milling complex in Nevada from Waterton Nevada Splitter, LLC.

The company also said it will raise $100-million in a bought deal private placement in connection with the acquisition.

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Sherritt International Corp. (S-T) reported revenue of $204.1-million in the second quarter, down 24 per cent from $268.4-million a year earlier.

Its net loss from continuing operations per share was 35 cents, compared to loss of 16 cents a year earlier. Analysts were expecting a loss of 24 cents, according to Thomson Reuters.

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Noranda Income Fund (NIF.UN-T) reported adjusted net revenues of $56.4-million, down from $78.5-million in the same period a year earlier.

Its loss before income taxes was $3.2-million compared to earnings of $20.4-million a year earlier, "in part due to the volatile market conditions, including fluctuations to zinc prices," the company said in a release.

It said Glencore Canada has committed to provide zinc concentrate supply to the fund throughout 2017.

The fund said it has terminated its discussions with Glencore Canada on the negotiation of an amended and restated supply agreement. "The Independent Committee and its advisors have concluded that there is very little likelihood of reaching a mutually acceptable agreement at this time," the company said.

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The Intertain Group Ltd. (IT-T)  says it plans to pursue previously disclosed U.K.-centered strategic initiatives to "enhance shareholder value."

They include a proposed London listing of the ordinary shares of a newly incorporated London-headquartered U.K. corporation that would become the parent holding company for the Intertain group.

In a release, Intertain said it doesn't plan to complete an offering of ordinary shares of the new corporation, but it's "actively exploring its debt financing options in connection with that process" as part of its ongoing evaluation of the alternatives available to meet its earn-out obligations due in June 2017.

"We believe that a London listing will result in a fuller and more appropriate valuation of Intertain's business, as these strategic initiatives are a key part of a range of initiatives intended to significantly realign Intertain's share price with the company's fundamental business results and prospects," stated chairman Neil Goulden. "We also believe that they best position Intertain for long-term growth and success, which furthers our objective of enhancing shareholder value."

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Aimia Inc. (AIM-T) says it has signed a multi-year contract to provide data and analytical services to Aeon Retail, a subsidiary of Aeon, Japan's largest retailer group.

"Aeon will be the biggest retailer group to use our world-class technology which is testament to its scale, depth and capability," stated Aimia group chief operating officer David Johnston in a release.

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