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(RICHARD DREW)
(RICHARD DREW)

Midnight Trader

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

Sterling Resources Ltd. announced the execution of an agreement with Enquest PLC under the terms of which Sterling will acquire Enquest's 10 per cent interest in its F-Quad and L-Quad licences in the Dutch North Sea, and Enquest will acquire Sterling's 50 per cent interest in the Cairngorm licence (Block 16/3d) in the UK North Sea. The agreement is subject to regulatory and partner approval.



Pure Industrial Real Estate Trust announced today that it has entered into an agreement to acquire a fully leased multi-tenant, income producing industrial property for a total purchase price of $8.1-million.



Velan Inc. said fourth quarter net earnings amounted to $5.9-million, or $0.27 per share, compared to $7.1-million, or $0.32 per share last year.



Edleun Group, Inc. , which fell nearly 3 per cent and closer to a year low 65 cents yesterday, said net loss for the first quarter of 2012 was $731,000 ($0.006 per share) compared with a net loss of $249,000 ($0.003 per share) in the first quarter of 2011.

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