Our roundup of Canadian small-caps making news and on the move today.
Halifax-based DHX Media Ltd. (DHX.A-T; DHX.B-T; DHXM-Q), which creates content for families and children, said it will not be proceeding with the public offering of variable voting shares and common voting shares previously announced on July 6, 2015. "The termination results from an assessment by DHX's management that current market conditions are not conducive for an offering on terms that would be in the best interests of DHX's shareholders. As a result of this termination, no shares will be sold pursuant to the offering," the company said. DHX had planned to sell 8.7-million variable voting shares and common voting shares.
Ottawa-based Halogen Software Inc. (HGN-T), a provider of cloud-based talent management solutions, announced that Paul Loucks has resigned as president and chief executive officer and a member of the board, after 15 years with the company. Halgoen's board has appointed Leslie Rechan, current Halogen board member and former general manager of IBM Business Analytics and chief operating officer of Cognos Inc., to serve as the company's interim president and CEO. The board will immediately begin the search for a permanent CEO.
Toronto-based retained executive search firm The Caldwell Partners International Inc. (CWL-T) reported revenues of $14.8-million for the third-quarter ended May 31, up from $12.4-million in the year-earlier period. Net income was $768,000, or 3.6 cents per share, up from $639,000, or 3 cents a share, a year ago.
AgJunction Inc. (AJX-T) has responded to the trading activity in its shares on the Toronto Stock Exchange Thursday as its stock price traded significantly lower on heavy volume.
AgJunction said "the trading was related to an overseas institutional shareholder that was forced to liquidate a portion of its holdings in order to meet imposed covenants by its home country's regulatory body. Subsequent to the liquidation of the shares, the institutional shareholder has confirmed that it maintains a significant investment in AgJunction."
The company said it "does not believe that the selling of its shares that took place was related to any recent or expected corporate developments, fundamentals, or outlook."
Madison Pacific Properties Inc. (MPC-T), a Vancouver-based real estate company, reported net income of $19.2-million, or 30 cents per share, for the nine months ended May 31, up from $12.3-million, or 20 cents a share, a year ago. Included in net income is an after-tax net gain from the fair value adjustment on investment properties of $12-million compared to $5.9 million in 2014. The company owns about $391-million in investment properties, comprising 2.1 million rentable square feet of industrial and commercial space, of which over 97 per cent of the available space is leased.
Gendis Inc. (GDS-T) will purchase a maximum of 500,000 of its common shares or 3.9 per cent of total issued and outstanding common shares as of June 30, 2015. Purchases will begin on July 16 and will terminate no later than July 15, 2016. Gendis will make no purchases of common shares other than open market purchases.