Canadian issues that are moving on early news
PEER 1 Network Enterprises, Inc. , which closed Monday close to a year high $2.71, said its net loss for the three-month period ended June 30, 2012 was $5.2-million (U.S.) and for year ended June 30, 2012, was $5.7-million, compared with a net loss of $0.3-million and net income of $1.2-million for the respective periods in 2011.
Equal Energy Ltd., which closed down nearly 4 per cent Monday, announced the sale of Northern Oklahoma assets and the decision to retain Central Oklahoma Hunton assets. Atlas Resource Partners LP disclosed that it has signed and closed an agreement valued at approximately $40-million (U.S.) with Equal Energy to acquire certain assets of Equal and terminate the companies’ existing joint venture.
Legumex Walker Inc. provided an update on its previously announced acquisition of Keystone Grain Ltd., a leading Manitoba-based processor and marketer of sunflowers, flax, specialty crops and organic commodities.
Craig Wireless Systems Ltd., which lost near 5 per cent Monday, announced it has increased its 51 per cent interest in Woosh Wireless Holdings Limited, the parent company of Woosh Wireless (NZ) Limited, to 75 per cent pursuant to the acquisition of additional equity of WWHL from treasury.
Acadian Mining Corporation, which is trading near a year low 5 cents, announced that it has entered into an agreement for the sale of two of its non-core assets – Tangier and Forest Hill properties – to a private company that plans to develop the gold properties. Also, further to the news release issued in June 2012 regarding the TSX listing review, Acadian’s management is continuing to evaluate various courses of action that could be taken to meet TSX requirements before the end of the review period. It is the intent of Acadian to maintain a listing for the company’s shares.
D-BOX Technologies Inc. announced today its second agreement with Celebration! Cinema for the installation of D-BOX MFX Systems at 7 theatres in Michigan over the next 12 months. DBO has gained 2 per cent yesterday.
Medicago Inc. has signed a licensing agreement with Philip Morris Products SA. Under the agreement, Medicago grants PMP an exclusive license to develop, commercialize and manufacture Medicago’s pandemic and seasonal influenza vaccines for China. MDG lost 4 per cent yesterday, trading near year low 42 cents.
Donnycreek Energy Inc. will acquire an additional 36 gross (22.5 net) sections (14,368 net acres) of undeveloped Montney lands in the Deep Basin area of West Central Alberta. The company will hold working interests in approximately 188.5 gross (127 net) sections (81,008 net acres) of Montney lands.
DHX Media Ltd. has formed a creative partnership with leading children’s publisher Egmont UK for the joint creation of new children’s entertainment properties. Under the partnership, Egmont’s editors, authors and illustrators are collaborating with DHX Media producers to co-develop ideas, which can work across multiple platforms including publishing, TV and digital.
Cayden Resources Inc., which lost 5 per cent yesterday has commenced drilling on its La Magnetita East target at the Morelos Sur Gold property. The drilling will initially consist of 4,000 to 5,000 meters of core drilling in order to test the highly mineralized four square kilometer heart of the +500 ppb gold in soil anomaly.
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