PC Gold Inc. (PKL-T), which almost hit year lows on Friday, announced today further results from the 2012 drill program, targeting the newly identified No. 22 Vein area. Additional drilling has identified a new vein system within the No. 22 Vein area, now named the No. 23 Vein zone, which consists of three distinct parallel veins.
Mediterranean Resources Ltd. (MNR-T), which has nearly touched year lows on Friday, announced today further results from surface sampling in the western sector of the new Cevreli North zone.
Merus Labs International Inc. (MSL-T), which was closer to year lows on Friday, announced today that it has signed a letter of intent to acquire the rights to manufacture, market, and sell a branded prescription medicine product mainly for the European market and Canada. In the calendar year 2011, the product had net sales of approximately $23-million (U.S.) in the applicable territories.
Killam Properties Inc. (KMP-T) announced the the purchase of a 25 per cent ownership interest in a 199 unit apartment building in Toronto from Canadian Apartment Properties Real Estate Investment Trust (CAR.UN-T) for $33.5-million, with Killam’s 25 per cent interest being $8.375-million. Killam also announced the sale of 12 non-core manufactured home communities to CAPREIT for $72.3-million.
Rocky Mountain Dealerships Inc. (RME-T) announced that it has entered into an agreement to purchase 100 per cent of the issued and outstanding shares of Camrose Farm Equipment Ltd., an operator of Case IH and New Holland Agriculture dealerships in Camrose and Killam, Alberta. No purchase price was provided.
AutoCanada Inc. (ACQ-T), which dropped 6 per cent on Friday, announced that it has purchased a 31 per cent non-voting equity interest in Petersen GMC Buick, a dealership located in Sherwood Park, Alberta.
Canadian company Pacific Rim Mining Corp. (PMU-T), which rose 15 per cent on Friday, announced that the investment dispute involving its U.S. subsidiary PacRim Cayman, LLC with the Government of El Salvador will proceed to the merits portion of an arbitration case.
BIOX Corporation (BX-T), which lost more than 3 per cent on Friday, signed a definitive agreements for construction of a 100 million litre biodiesel production facility in New York Harbor.
Village Farms International Inc. (VFF-T), which lost 21 per cent and hit new year lows Friday, announced that it experienced major crop damage at its Marfa and Presidio facilities resulting from a significant hail storm in Marfa, Texas on May 31, 2012. The company is in the process of assessing the damage to its crops and facilities.
Asantae Holdings International Inc. (JVA-X) today reported robust growth in several key areas for May 2012. CEO Dan Lundell said: “May’s metrics represent a six-month trend of significant growth across all leading indicators.”