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(JOHN MACDOUGALL)
(JOHN MACDOUGALL)

Small Caps

Today's small-cap stocks to watch Add to ...

Edleun Group Inc. was up more than 15 per cent after late Monday announcing deals to acquire five more early learning and care centres in Alberta and British Columbia for a combined $6.5 million. Four of the centres are in the greater Calgary area and will add 336 licensed spaces to Edleun's operating portfolio. The purchase agreements also include the land underlying the four centres. The other facility is located in Vernon, B.C., and contains 85 licensed spaces. The 421 new spaces overall increase Edleun's capacity by 12.3 per cent to a total of 3,801 licensed spaces in 39 separate facilities. The company plans to use cash on hand to complete the purchases.





Scott's Real Estate Investment Trust rose more than 2 per cent early Tuesday after completing its largest transaction since opening for business, late yesterday finalizing the acquisition of nine retail properties previously owned by Shoppers Drug Mart Corp. . The $33-million sale and leaseback transaction covers 146,093 square feet of predominantly single-tenant retail space in Ontario and Saskatchewan and are all leased on a long-term basis to Shoppers Drug Mart. The REIT financed the acquisition with a portion of the proceeds from its recent offering of convertible debentures along with a $22.6-million first mortgage secured by the properties. Scott's now owns 229 retail properties with over 1.1 square feet of sales space.



Securities regulators have voted to cease-trade shareholder rights plans now in effect at Afexa Life Science Inc. , clearing the decks for a competing takeover bid by Paladin Laboratories Inc. in addition to a friendly offer for the over-the-counter drug-maker by Valeant Pharmaceuticals International . Paladin on Sunday offered 81 cents per share in cash or stock for Afexa, contigent on the Alberta Securities Commission ruling to lift a pair of shareholder right programs in place at Afexa intended to thwart unwanted buyout proposals. Valeant trumped that offer early Monday with an 85-cent-per-share bid; so far, Paladin has not indicated whether it would again raise its offer. Alexa shares hit year highs on the bidding war yesterday.



QHR Technologies Inc. was ahead about 3 per cent as the company is poised to become the largest vendor in Canada for the electronic medical records (EMR) industry, with the company set to support about 9,000 physicians after the receiver overseeing the distribution of Healthscreen Solutions Inc. assets accepted QHR Tech's bid for Healthscreen's EMR business and related software. Court approval for the transaction is expected by mid-October. Once final approval is received, QHR will take over the software business and intends to hire several former Healthscreen employees. It also plans to release details of the asset purchase once the court signs off on the deal.



Confederation Minerals Ltd. rose more than 10 per cent early Tuesday after agreeing to a deal that will effectively increase its ownership stake in privately held American Potash to over 56 per cent. As part of the deal with privately owned Magna Resources Ltd., Confederation will purchase nearly 6.7 million shares of Magna stock to be issued in an upcoming private placement for a total of $2 million. Confederation will then transfer its current 50 per cent stake in American Potash to Magna in exchange for another 22.4 million shares and increasing its overall stake in the independent gas and oil producer to 29.1 million shares. The companies will then spin out American Potash into a new, standalone company, allowing Conferation to focus on its gold exploration efforts at the Newman Todd property in the Red Lake mining district of Ontario.



NSGold Corporation revised technical reports for its Dios Padre silver property in Mexico after the British Columbia Securities Commission identified certain deficiencies with the company's previous reports. Prior resource estimates of the property found Dios Padre contained about 4.1 million metric tons of measured, indicated and inferred silver and as much as 8.2 million metric tons of potential resource although the commission determined those estimates were unsupported by NI 43 101-compliant studies. The company also retracted historical reserve potentials for its Leipsigate property in Nova Scotia, stating it is not material to NSGold operations at this time.



Revenues rose nearly 40 per cent during the fiscal year ended June 30 at Sunwah International Ltd but it wasn't enough to keep net income from falling to $900,000, or just under 1 cent per share, compared with a $4.1 million profit in the prior fiscal period. The Asia-focused financial services firm said total revenues climbed to $27.5 million due to additional fee income from an increase in the number of initial public offerings and related preparatory work. Trading revenues also rose. But the bottom line shrank following a big jump in staff expenses, set-up costs for Sunwah International Asset Management along with a $2.2 million offset to account for stock options issued to several board members.



Paramount Gold and Silver Corp. jumped as much as 10 per cent and edged closer to the $3 mark after announcing today new high grade assay results from 10 core holes drilled on its 100 per cent owned San Miguel Project in northwestern Mexico. Four holes drilled on the San Miguel Vein returned multiple high-grade gold and silver intercepts including 9.2 meters grading 5.56 g/T of gold and 120.14 g/T of silver and 21.95 meters grading 2.79 g/T of gold and 325.07 g/T of silver. These results are expected to upgrade inferred resources to higher categories and improve the average grade of the resource in this area, it said. Six holes drilled on the San Antonio Target generated multiple near surface intercepts grading more than 100 g/T of silver. "These results demonstrate the potential for a shallow, bulk minable silver deposit with a minimal strip ratio and low operating costs. The San Antonio Target continues to expand with numerous new silver zones intercepted in step out drilling."





First Nickel Inc. today announced that it has closed out the hedge position of 15 million pounds of nickel, 12 million pounds of copper and the corresponding foreign exchange and interest rate contracts entered into in July 2011 as required under the project debt facility. The company will receive net cash proceeds of approximately US$35 million as a result of this transaction. The proceeds will be used to fund the remaining costs to complete the Lockerby project and for general corporate purposes. The company no longer plans to utilize the project debt facility to fund Lockerby Mine costs and availability under the facility has been reduced to a nominal amount.







Rare Earth Metals Inc. announced the first NI 43-101 compliant independent resource estimate for the company's 100 per cent owned Clay-Howells iron rare earth element property in northwestern Ontario. Highlights included: 8.5 million tonnes grading at 0.73 per cent total rare earth oxide (TREO), 0.13 per cent Niobium Oxide (Nb205) and 44.17 per cent iron oxide (Fe2O3) at a 0.6 per cent TREO cut-off grade in the inferred category; 40.4 million tonnes grading at 0.48 per cent TREO and 34.62 per cent Fe2O3 within a larger 0.2 per cent TREO gradeshell; calculation is based on over 5436 m of drilling in 18 holes and 1825 assay samples covering 700 meters of strike length to an average depth 280 meters; resource areas open along multiple directions and to depth; additional sampling, drilling, and specific gravity readings recommended for next phase of drilling.







White Tiger Gold has provided a credit facility of up to US$10 million to Century Mining to help fund its expansion plans both before and after their planned merger. Century Mining moved away from near a year low 18.5 cents on the news while White Tiger last traded at a year low 73 cents.





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  • EDU-X
  • SRQ.UN-T
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  • QHR-X
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  • FNI-T
  • RA-X
  • WTG-X
  • CMM-X
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