Wal-Mart Stores Inc. and other U.S. retailers are lowering the fees that shoppers pay for layaway programs ahead of the crucial Christmas shopping season.JIM YOUNG/Reuters
Canadian issues that are moving on early news
Partners Real Estate Investment Trust has entered into a 15-year lease agreement with Wal-Mart Canada Corp. for approximately 90,000 square feet (plus basement storage space) at the REIT's Mega Centre retail property in Montreal. PAR-UN gained 6 cents on Friday.
Ballard Power Systems announced that it received a notice on October 5, 2012 from the NASDAQ Stock Market LLC stating that the company was not in compliance with NASDAQ Marketplace Rules because the bid price of the company's common stock closed below the required minimum $1.00 per share for the previous 30 consecutive business days. The NASDAQ notice has no immediate effect on the listing of the company's common stock.
LeoNovus Inc. announced today that the company has finalized a Letter of Intent with Leadtek Research Inc. to deliver multi-service hardware gateway systems supporting LeoNovus technologies. The first step is to target approximately 300,000 identified subscribers in Taiwan.
New Zealand Energy Corp.'s wholly-owned subsidiary NZEC Wairoa Limited will enter into a joint venture agreement with Westech whereby NZEC can acquire 80 per cent ownership and become the operator of Petroleum Exploration Permit 38346. The Permit covers 267,862 acres (1,084 square kilometers) in the East Coast Basin of New Zealand's north island.
Nevsun Resources Ltd. announced "strong" production results of 98,000 ounces of gold for the quarter ended September 30, 2012. The company said gold production in the quarter was above expectations due to higher than anticipated grades in the transitional oxide zone. NSU lost 1 per cent yesterday.
GuestLogix Inc. announced that the board of directors has appointed Brett Proud as the President and Chief Executive Officer of the company. Mr. Proud is a co-founder of the company and was most recently executive vice-president of new markets and products. He has been a director of GuestLogix since February, 2008.
Zephyr Minerals Ltd., which is trading near a year low 15 cents. announced that it has entered into a purchase and sale agreement with Celtic Minerals Ltd. to purchase a 100 per cent interest in the Dawson gold project in Colorado. The purchase price is $200,000 cash payable to Celtic and $20,000 cash payable to UUS Inc, a fully owned subsidiary of Cameco Corp.
Invenio Resources Corp. announced that it will not be proceeding with the options on the Ganes Creek and Candle Hills Gold Projects in Alaska. The company maintains an option to earn a 60 per cent interest on the Green Springs gold project in Nevada.
49 North Resources Inc. announced the signing of a letter of intent respecting the sale of all the issued and outstanding shares of CVG Mining Ltd. to Omineca Mining and Metals Ltd.
Solium Capital Inc. announced that it will acquire OptionEase Inc. a provider of applications for fair-market-value accounting and compliance in the United States.