Magellan Aerospace Corporation has completed the acquisition of John Huddleston Engineering Limited. JHE is a European supplier of precision machined aerospace components with facilities in Great Britain, Northern Ireland and Poland. MAL hit a year high $3.93 yesterday.
BSM Technologies Inc. has received TSX Venture Exchange approval for the consolidation of its issued and outstanding common shares on the basis of one new common share for every ten common shares presently issued and outstanding. GPS dropped 14 per cent yesterday.
EMED Mining Public Limited has completed the acquisitions of the land plots pursuant to the sale and purchase agreements entered with Rumbo 5-Cero, S.L. and Inland Trading 2006, S.L. EMD closed at 14 cents yesterday.
Bird Construction Inc., which closed down nearly 2 per cent, announced that Alberta Infrastructure has verbally notified Bird of its decision to terminate the earlier awarded contract to construct the Alberta Public Safety and Law Enforcement Training Centre in Fort Macleod, Alberta. Construction activity had not yet commenced on the project. The $95-million contract was announced by Bird on July 5, 2012 and had not been included in Bird’s second-quarter backlog results.
Bellatrix Exploration Ltd., which lost 4 per cent Thursday, announced that it has filed an Original Listing Application to list the company’s common shares on the NYSE MKT.
Golden Minerals Company, which fell 7 per cent Thursday, provided an update for the Velardena Operations, located in Durango State in Mexico.
PyroGenesis Canada Inc., which announced 2012 second-quarter results and amendment of first-quarter results Wednesday, overnight announced that it has been awarded a plasma torch system contract by an Asian company, which may not be disclosed for competitive reasons. This 10-month, two phase contract with a value of $2.2-million will require PyroGenesis to design, manufacture and deliver a fully automated plasma torch system comprised of eight air plasma torches. The contract is projected to begin Sept. 23, 2012.
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