Acadian Timber Corp. has announced a dividend of $0.20625 per share, payable on April 13, 2012 to shareholders of record on March 30, 2012. For the fourth quarter of 2011, Acadian generated net sales of $15.1-million, a 26 per cent decrease from the same period in 2010. Net income rose to $11-million from $2.6-million thanks to Acadian's corporate conversion on January 1, 2010.
TransAtlantic Petroleum Ltd. , which rose 5 per cent on Monday, announced its preliminary 2012 capital expenditure budget, the realignment of its Business Development team and the date of the company's fourth quarter and year end 2011 earnings release and conference call. The board has approved a preliminary 2012 capital expenditure budget of approximately $130-million. Spending during the year is expected to consist of approximately $110-million of drilling and completion expense (over 90 gross wells), $15-million of seismic expense, and $6-million on infrastructure expense.
In conjunction with the release of its fourth quarter 2011 financial results, the A&W Revenue Royalties Income Fund will host a conference call at 1 p.m. Pacific Standard Time, (4 p.m. ET) on Tuesday, Feb. 7, 2012.
Sprylogics International , which develops advanced search and analysis technology, experienced brisk trade with more than 9-million shares changing hands yesterday despite a lack of fresh news. The stock closed up 1.5 cents at 11 cents, but off a day high 12.5 cents. Gene Simmons-backed Intertainment Media continued its bullish run of late last week, adding another 2 cents to 83 cents and touching a day high 91 cents with close to 7-million shares traded.
Noront Resources Ltd. , which lost 2.5 per cent on Monday, announced the remaining results from the company's 2011 exploration program and provided an update on the Eagle's Nest Project at the company's McFaulds Lake Project, in the Ring of Fire, James Bay Lowlands, Ontario.
Futuremed Healthcare Products Corporation and Cardinal Health Canada Inc., a wholly-owned subsidiary of Cardinal Health, Inc. , announced that the expiration date of the offer by Cardinal Health Canada to acquire all of the outstanding common shares of Futuremed for $8.15 (CAN) per Common Share in cash has been further extended until Feb. 16, 2012, to allow the Commissioner of Competition to complete her review of the proposed acquisition.
NuLegacy Gold Corporation reports assays for the Wood Hills South gold project in Nevada. It said the most significant hole returned a near surface oxidized 10.7 meter interval from 83.8 to 94.5 meters down hole that averaged 0.40 g/t gold within approximately 60 meters of anomalous gold (>10 ppb) mineralization and the associated Carlin-type style trace elements. Immediately below the higher grade interval is an altered and gold-bearing mineralized intrusive, which is an important relationship in the Pequop Gold District.
Whistler Blackcomb Holdings Inc. , which rose more than 2 per cent yesterday, today reported financial results for the fiscal 2012 first quarter ended Dec. 31, 2011. Net loss per common share for the period was $0.05 (basic and diluted) compared to net earnings per common share of $0.12 (basic and diluted) in the period from Nov. 9, 2010 to Dec. 31, 2010.
Rainy River Resources Ltd. today announced that its board of directors has adopted a new shareholder rights plan, effective Feb. 6, 2012. The Rights Plan was adopted following the expiry of the Company's previous shareholder rights plan. If ratified by the shareholders, the rights plan would continue in force until the end of Rainy River's first annual meeting of shareholders following the third anniversary of the Rights Plan.
Rio Verde Minerals Development Corp. today announced the first set of assay results from its first drill hole at the Sergipe Potash Project. Rio Verde CEO Stephen Keith said: "With the receipt of these assay results, we can confidently say that Rio Verde has confirmed the historical observation of potash on its properties, our primary objective for drilling this first hole. The excellent grades and potash thicknesses intersected represent an important step in the development of Rio Verde's Sergipe Potash Project."