Canadian issues that are moving on early news
Ballard Power Systems confirmed shipment of the company’s first 100 ElectraGen fuel cell power generation systems to Cascadiant Inc. and Inala Technologies, Ballard distributors in Southeast Asia and South Africa, respectively. Shares dropped nearly 7 per cent and hit new year lows yesterday.
D-BOX Technologies Inc. shares lost four per cent yesterday and announced today its third deal with Larry H. Miller Megaplex Theatres to install its motion-control seating set-up at six screens in four locations in Utah. Considering this latest announcement with Larry H. Miller, recent announcements provide for the installation of D-BOX MFX Systems at over 20 additional screens with existing customers over the next several months.
So-called “concerned shareholders” Resource Capital Fund V L.P., Terrafirma Securities Holdings LL.C. and Skye Alba Pty Ltd expressed concern regarding the announcement from Forbes Coal & Manhattan that it plans to enter into a definitive agreement to acquire 100 per cent ownership of the shares and shareholder claims of Riversdale Mining Limited in Riversdale Holdings (Proprietary) Limited from Rio Tinto.
Crimson Bioenergy Ltd., which is trading near year lows, has signed a contract with Pacific Carbon Trust for the afforestation of non-productive farmland near Fort St. John, B.C. to develop a permanent mixed-wood forest.
Gold Canyon Resources Inc. announced that Mr. Troy J. Fierro joins the company as Chief Executive Officer effective September 26, 2012. Akiko Levinson continues to serve the company and its shareholders as President and a Director. GCU lost two per cent yesterday.
Tiger Resources Limited, which fell 12 per cent Wednesday, provided an update on the positive results from recent metallurgical test work and cost optimization studies in support of the Definitive Feasibility Study being conducted for the development of 50,000 tpa copper cathode producing Stage 2 SXEW (solvent-extraction and electro-winning) facility at the Kipoi Copper Project (Tiger 60 per cent), in the Katanga province of the Democratic Republic of Congo (DRC).
Rockgate Capital Corp. announced the discovery of a high-grade extension of its North Zone at its Falea Uranium-Silver-Copper Project in Mali. The South Block was identified as a priority target for the 2012 drill program. RGT closed at 51 cents, trading near year low 27 cents.
Lara Exploration Ltd. has entered into a strategic alliance agreement with Antofagasta Minerals S.A. Under the terms of the alliance, Antofagasta will invest $1.2-million (U.S.) over a two-year period to fund joint generative exploration for copper and related metals in certain areas of Brazil designated as the area of interest of the alliance. Lara will manage the exploration during the alliance phase.
Wheels Group Inc. said comprehensive income for the second quarter was $0.7-million or $0.01 per share, compared with comprehensive income for the same period in prior year of $0.9-million or $16.4 per share.
01 Communique Laboratory Inc. announced that the Toronto Stock Exchange has completed its review of the common shares of the company and has determined that it meets TSX’s continued listing requirements. It also provided an update on its patent litigation with LogMeIn Inc.
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