CE Franklin Ltd. reported net earnings of $7.9-million or $0.46 per share (basic) for the first quarter ended March 31, 2012, an increase from net earnings of $3.4-million or $0.19 per share (basic) generated in the first quarter ended March 31, 2011.
Brazil Resources Inc. announced the results from initial gold exploration programs on its Montes Aureos and Trinta Projects located within the Gurupi Belt, Maranhao state, northeast Brazil, and its Artulandia property located contiguous with the company's 247,000 acre Pireneus Project area, Goias, central Brazil.
NWM Mining Corporation , which is trading at year low levels, has agreed to settle legal action involving BioteQ Environmental Technologies Inc. , which gained 1.5 cents in moving away from a year low 16 cents yesterday, relating to a copper recovery SART plant built at NWM's Mexican mine site.
Ironhorse Oil & Gas Inc. announced its 2011 financial and operating results, year-end reserves information and the recent sale of its Jedney asset.
Kim Davies, the president and chief executive officer of Terrex Energy Inc. , which is trading near year lows, has left the company effective yesterday. Ms. Davies had been at the helm since the company's incorporation in 2010 and Jonathan Lexier has agreed to assume the position of President and CEO of Terrex.
Run of River Power Inc. , which is trading at year low levels, recorded a net loss of $591,000 for the fourth quarter compared to a net loss of $4.85-million a year earlier.
DirectCash Payments Inc. ,which was close to year highs yesterday, announced today that it has agreed to acquire all of the outstanding shares of Customers Limited for $1.27 (Australian) per share in cash. The transaction is conditional on DirectCash delivering by April 27, 2012 a binding financing commitment from a financial institution to provide sufficient funding with respect to its obligations under the Scheme Implementation Deed.
Online Energy Inc. today announced its financial results for the quarter ended Dec. 31, 2011. Petroleum and natural gas sales were $1.5-million during the quarter, an improvement from the previous year. Net loss was $621,698, up from $245,556 in the corresponding period of 2010.
Progressive Waste Solutions Ltd. , which closed yesterday's session slightly higher, announced today its financial results for the first quarter ended March 31, 2012. Consolidated revenues rose 3.6 per cent to $438.3-million during the quarter.
Norbord Inc. , which rose 5 per cent on Thursday, recorded break-even earnings in the first quarter of 2012, compared to a loss of $9-million or $0.21 per share in the prior quarter. In the same quarter last year, the company recorded a loss of $2-million or $0.05 per share, which included a non-recurring income tax recovery of $5-million or $0.11 per share.
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