Canadian issues that are moving on early news
Wildcat Silver Corporation announced the results of the updated preliminary economic assessment for its 80 per cent-owned Hermosa project. The company said the economic assessment more than doubles expected annual silver production to 15.5 million ounces in first 5 years. WS closed at $1.28 on Friday, trading near year low 68 cents.
Amaya Gaming Group Inc. has entered into a definitive agreement to acquire Ongame Network Ltd., a B2B online poker network, from bwin.party digital entertainment plc. Amaya has agreed to acquire Ongame for a cash consideration of €15-million on a cash-free and debt-free basis.
MEGA Brands Inc., which closed down 1.5 per cent Friday but only after earlier touching a new year high $9.80, announced that the Mega Bloks Skylanders Giants collection has been selected by Time to Play for the Holiday 2012 Most Wanted Toys List.
Curis Resources Ltd., which jumped 11 per cent Friday, announced the receipt of an Aquifer Protection Permit from the State of Arizona’s Department of Environmental Quality. This permit applies to the design, operation and closure of Phase 1 operations at Florence Copper.
Hyduke Energy Services Inc. reported Friday night that the proposed Arrangement Agreement with DoAll Industries has been terminated. It also provided a corporate update on the company’s strategic direction.
Pacific Insight Electronics Corp. reported a net loss of $124,000 or 2 cents per share in the fourth quarter compared with net loss of $19,000 or zero cents per share in the prior year fourth quarter. The net loss for fiscal year 2012 was $482,000 or 8 cents per share compared with net income of $163,000 or 3 cents per share in the prior year.
Thermal Energy International Inc., which rose 50 per cent and away from near year lows Friday, announced after close of trade Friday that the board of directors of the company has adopted a shareholder rights plan, effective Sept. 28, 2012.
Lignol Energy Corporation, which is trading near year highs, said for the first quarter ended July 31, 2012, and the three months ended July 31, 2011, it reported a net loss of $1.0-million, or $0.02 per share (basic and fully diluted).
For the fiscal year ended June 30, 2012, Noveko International Inc., which is trading near year lows, announced a 3.3 per cent increase in its consolidated revenue which totalled $11.9-million. The basic and diluted net loss per share from continuing operations amounted to $0.16 for fiscal 2012, compared with $0.18 for the previous year. The basic and diluted net loss per share amounted to $0.17, compared with $0.19 for the previous year.
3MV Energy Corp., which rose 23 per cent in moving away from near a year low Friday, announced that the company’s senior lender under its secured credit facility has made a demand on the company for repayment of all indebtedness under such facility, which is currently in the amount of $3.97-million plus any unpaid accrued interest, by Oct. 19, 2012