ACE Aviation Holdings Inc. , today reported full year and fourth quarter results for 2011 and announced its intention to seek shareholder approval for its winding-up, the distribution of its remaining net assets and ultimately its dissolution in the future.
Gluskin Sheff + Associates Inc , an independent investment firm, announced its results for the three months ended Dec. 31, 2011. Net Income was $4.7-million or $0.16 per common share, basic and diluted, down from $14.1-million or $0.48 per common share, basic and diluted, for the three months ended Dec. 31, 2010.
Canadian Satellite Radio Holdings Inc. , parent of SiriusXM Canada Inc., today released unaudited financial results for the first quarter fiscal 2012. Adjusted EBITDA increased 152 per cent to $12.9-million from $5.1-million in first quarter 2011. Total subscribers grew 12.1 per cent to more than 2-million from 1.8-million at Nov. 30, 2010. Self-paying subscribers increased 13.8 per cent to more than 1.4-million from 1.2-million at Nov. 30, 2010, and revenue grew 6.6 per cent to $63.1-million from $59.2-million in first quarter 2011.
Talon Metals Corp. , which lost 14 per cent Thursday, announced that Henri Van Rooyen has been appointed CEO of Talon, effective immediately. The Talon board has accepted the resignation of Eddie Scholtz, which, it said, is due to the need for him to focus on his ongoing role within CIC Energy Corp.
Excellon Resources Inc. , Mexico's highest grade silver producer, is pleased to report January production results from its La Platosa silver, lead and zinc mining operations in Durango Mexico. The company is also pleased to announce updates on Operations, Mexican and Canadian exploration and to provide a general corporate update.
Fibrek Inc. , producer and marketer of Kraft market pulp, announced today that it has entered into a support agreement with Mercer International Inc. pursuant to which Mercer will offer to acquire all of the issued and outstanding common shares of Fibrek by way of take-over bid. The consideration to be offered for each common share will be $1.30 in cash. TD Securities Inc., Fibrek's financial advisor, said the Mercer Offer is fair, from a financial point of view, to the shareholders of Fibrek.
Fairmont Resources Inc. announced today the appointment of Neil Pettigrew, M.Sc., P.Geo. to the position of President, CEO and Director replacing John Bevilacqua as President and CEO. Mr. Bevilacqua will continue to serve as a director of the Company.
Amorfix Life Sciences , a product development company, announced today its financial results for the third quarter ended Dec. 31, 2011. The company said net loss for the quarter was $731,287 compared to a net loss of $810,029 for third quarter 2010. Revenue from services and sales was $18,554 and $90,882, respectively as compared to $10,048 and $94,947 in the comparative periods.
Pine Cliff Energy Ltd. announced today that it has entered into an arm's length agreement to acquire certain oil and natural gas assets in the Carrot Creek area in the Province of Alberta for cash consideration of $23.5-million. The Carrot Creek Assets have current estimated production of 950 BOE per day, of which approximately 23 per cent consists of oil and natural gas liquids and 77 per cent natural gas.
Talison Lithium Limited today announced its results for the second quarter of the 2012 fiscal year. The company said revenues fell to $22.7-million during the quarter from last year's $32.8-million. EBITDA was also lower at $5.4-million compared to $7.2-million last year. Net profit, however, edged up to $5.6-million from the previous year's $5.3-million.