CANMARC Real Estate Investment Trust announced today that it has entered into agreements to acquire two retail properties in Ontario and Quebec, and the 50 per cent interest in Calgary's Scotia Centre office and retail complex it does not already own. Total acquisition price for the three properties is approximately $213-million, representing a going-in capitalization rate of approximately 6.8 per cent.
Forum Uranium Corp yesterday recouped earlier losses that saw it touch a day low 6.5 cents but go on to close up another 1.5 cents at 9 cents. It also gained 1.5 cents Monday, taking it further away from an existing year low of 5.5 cents. While there is no apparent fresh stock specific news to put the share price moves of the last two days down to it may be worth noting that FDC is a joint venture partner in the Henday project with Hathor Exploration , which was recently bought up by global giant Rio Tinto. Dundee Capital Markets analyst David Talbot recently cited FDC as a possible takeover target in Saskatchewan's Athabasca Basin. He cited FDC as one of the stocks that appeared cheap because of the Fukushima nuclear disaster and general equity market weakness.
Pure Industrial Real Estate Trust announced that it has entered into agreements to acquire $46.9-million of income producing properties, consisting of four industrial properties representing approximately 579,318 square feet of gross leasable area located in Ontario, British Columbia and Manitoba. PIRET has also entered into an agreement to sell to a syndicate of underwriters led by Canaccord Genuity Corp. and Dundee Securities Ltd. on a bought deal basis, 6.3 million trust units at a price of $4.20 per Unit for gross proceeds to PIRET of approximately $26.5-million.
Verde Potash Plc , which lost 4 per cent yesterday, announced an expansion as a result of further drilling, to the resource estimate for the Cerrado Verde Potash Project located in Minas Gerais State, Brazil. The estimate comprises an indicated resource of 74 million tonnes with an average grade of 9.22 per cent K2O and an inferred resource of 2.68 billion tonnes with an average grade of 8.88 per cent K2O (applying a 7.5 per cent K2O cut-off).
Temple Real Estate Investment Trust , which rose 4.5 per cent and hit a year high of $5.25 yesterday, announced it has agreed to acquire the Radisson Hotel & Suites Fort McMurray for $25.1-million, subject to the usual closing adjustments.
Holloway Lodging Real Estate Investment Trust , which lost more than 40 per cent on Tuesday to leave it close to a year low 4 cents, announced that it has finalized the terms of an agreement for the sale of the Radisson hotel located in Fort McMurray, Alberta.
Yukon-Nevada Gold Corp. , which is trading near year lows, announced results from its 2011 Surface drilling program at the Mahala Project which is located in its wholly-owned Jerritt Canyon gold operation in Nevada, USA. Highlights include: MAH-457 intersected, in the West Mahala Zone, 64.05 meters at 6.38 g/t gold, including 24.4 meters at 3.43 g/t gold, and 22.87 meters at 8.37 g/t gold, and 13.42 meters at 12.28 g/t gold; EM-121 intersected, in the East Mahala Zone, 15.25 meters at 4.77 g/t gold, including 3.05m at 8.88 g/t gold, and 4.88 meters 8.64 g/t gold; and MAH-454 intersected, in the Mahala Zone, 32.02 meters at 4.63 g/t gold, including 15.24 meters at 6.24 g/t gold, and 3.05 meters at 8.37 g/t gold.
Catch the Wind Ltd. , providers of laser-based wind sensor products and technology, today reported that the first ever deployment of the Vindicator Laser Wind Sensor in the AXYS Technologies Inc.'s WindSentinel offshore buoy was an "unprecedented" success, providing wind profile information from the Great Lakes to wind resource researchers and analysts at Grand Valley State University, University of Michigan and Michigan State University.
PC Gold Inc. , which was just 2 cents above year lows at yesterday's close, announced today that the 2011 fall drill program has identified a new high-grade vein at shallow depths in the Shaft 3 area at Pickle Crow. The company said this shallow high-grade vein is located close to historical workings and is likely, with further drilling, to contribute additional resources to the Pickle Crow Mine.
Novus Energy Inc. announced today that it has significantly increased its light oil production during 2011 and has exceeded its corporate exit rate production target of 3,000 boe/d. With an active and successful drilling program in the second half of the year, the company said it has been able to more than double production volumes from the second quarter of 2011.
New Dimension Resources Ltd. , which is slightly above year lows, announced today the assay results from its initial core drilling program at the Mars copper-gold porphyry project. Fred Hewett, President & CEO, said: "The drill results provide evidence that the Mars Property has the potential to host a large copper-gold rich porphyry system and further exploration is warranted to ascertain the project's ultimate potential."
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