Canadian issues that are moving on early news
QLT Inc. has completed the sale of its Visudyne business to Valeant Pharmaceuticals International, Inc. Under the terms of the agreement with Valeant, QLT received a payment of $112.5-million at closing and is eligible to receive additional amounts in contingent payments.
Heroux-Devtek Inc. said its landing gear products operations have received a license from The Boeing Company to service the H-47 Chinook aircraft landing gear in nearly a dozen countries. HRX hit year-high $13.60 on Friday.
Genesis Land Development Corp., which rose 3 per cent to near year highs Friday, announced that the company has engaged a search firm to seek a new Chief Financial Officer, following the departure of Simon Fletcher who served as CFO from 2010. Prior to the appointment of a new CFO, the duties will be assumed by senior officers of the company including Jeff Blair, CEO.
GT Canada Medical Properties Real Estate Investment Trust announced a change of CFOs and saw stock rise more than 3 per cent to near a year high $2 on Friday.
3MV Energy Corp., which is trading near year lows, announced details of a demand repayment by its subordinated lender, head office staff reductions and farm-out agreement.
Northern Vertex Mining Corp., which dropped 4 per cent Friday, announced the appointment of Ed J. Duda to the position of CFO and Corporate Secretary of the company, effective September 23, 2012.
Sunwah International Limited said losses attributable to shareholders was $16.6-million (U.S.) in FY2012, compared to $1.7-million in FY2011. The group recorded a loss before tax of $21.8-million in FY2012, compared to $100,000 in FY2011.
Klondike Gold Corp, which jumped 50 per cent in climbing away from near a year low 5 cents on Friday, announced “encouraging” results for the Violet vein trend, 310 Zone, and recently discovered Boy soil anomaly.
Inca One Resources Corp. announced receipt from Minera Huaquillas an update on the progress being made with community members regarding public participation mechanisms and the advancement of exploration work on its Las Huaquillas gold-copper project in Peru.
Orbite Aluminae issued a restatement of its September 19 news release “Orbite Announces Successful Development of High-Purity Silica Process.” A paragraph was removed from the previous version. Orbite lost more than 3 per cent Friday.