Cardinal Health Canada Inc., a wholly-owned subsidiary of Cardinal Health Inc. , announced today that the offer to acquire all of the outstanding common shares of Futuremed Healthcare Products Corporation for $8.15 (CAN) per Common Share in cash has expired. Futuremed closed yesterday close to a year high $8.27.
Beverage maker Cott Corporation announced today its results for the fiscal year and fourth quarter ended Dec. 31, 2011. Fiscal year revenue increased 29 per cent to $2.3-billion compared to $1.8-billion. Net income and earnings per diluted share were $38-million and $0.40, respectively, compared to $55-million and $0.63, respectively. Fourth-quarter revenue increased 4 per cent to $549-million compared to $529-million. Net loss and loss per diluted share were $12-million and $0.12, respectively, compared to net income and earnings per diluted share of $15-million and $0.16, respectively
St Andrew Goldfields Ltd. earned net income attributable to shareholders for the fourth quarter of 2011 of $12.9-million or $0.04 per share as compared to a loss of $0.2-million, or nil on a per share basis, for the same period last year. In addition it released the highlights of a pre-feasibility study for its Taylor Project which reported an increase in measured and indicated mineral resources of 322,000 ounces of contained gold, and 962,000 ounces of contained gold in the inferred resources category, along with an increase in mineral reserves of 128,000 ounces of contained gold for 2011 over the 2010 mineral reserves and resources (excluding reserves depletion due to 2011 mining activities).
Diversified acquisition-oriented company Exchange Income Corporation announced today that the Directors of the Corporation have declared eligible dividends totaling $0.135 per share for the month ended Feb. 29, 2012, payable March 15, 2012 to shareholders of record at the close of business on Feb. 29, 2012. The company said eligible shareholders have the opportunity to reinvest their dividends in accordance with the Corporation's dividend reinvestment and cash purchase plan.
The Cash Store Australia Holdings Inc. announced results for the three months ended Dec. 31, 2011. Highlights for the second quarter included; revenue up 28.7 per cent to $5.0-million, from $3.9-million for the same quarter last year; net loss of ($1.5-million) down from ($1.6-million) in the second quarter of last year.
Loncor Resources Inc. today announced further encouraging drilling results at its Makapela prospect, Ngayu Gold Project, northeastern Democratic Republic of the Congo. President and CEO Peter Cowley commented: "We are pleased with these latest results from Makapela which indicate good continuity on Reefs 1 and 2 while the initial exploratory drilling on new targets in the immediate vicinity of Makapela is encouraging and will require follow-up drilling."
Magma Metals Limited today announced that it has commenced a winter drilling program at the Thunder Bay North platinum-palladium-copper-nickel project in northwest Ontario, Canada. The winter drilling program, which is planned to be completed in the March quarter, 2012, with two drill rigs comprises approximately 13 diamond drill holes for 4,500 meters.