The Toronto Star's Vaughan Printing Plant is pictured on Friday, January 15, 2016. The newspaper has said that 220 full-time employees and 65 part-time workers will be affected by a plan to sell it's Toronto area plant and outsource the work. THE CANADIAN PRESS/Chris YoungThe Canadian Press
Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Torstar Corp. (TS.B-T) says it has an agreement to sell the land and buildings in Vaughan, Ont. previously used to operate the Toronto Star printing facility for $54.3-million.
The sale will be completed late in the third quarter or early in the fourth quarter of 2016, the company said in a release.
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TMX Group Ltd. (X-T) says a report that it had been removed from the S&P/TSX composite index is inaccurate.
"TMX is hereby notifying all market participants of this error and has confirmed with S&P Dow Jones Indices that TMX Group remains a constituent of the index," it said in a release.
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Aurora Cannabis Inc. (ACB-C) is raising $15-million in a private placement with Canaccord Genuity Corp.
The financing includes unsecured convertible debentures at a price of $1,000 each, with a 10-per-cent interest rate per year.
"The proceeds of the offering will strengthen our balance sheet and will be used towards reducing certain debt obligations and general working capital purposes," stated CEO Terry Booth in a release.
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Silver Standard Resources Inc. (SSRI-Q;SSO-T) says it has an agreement with Huayra Minerals Corp. to advance its Diablillos and M-18 projects in Argentina.
As part of the agreement, Silver Standard will maintain a 19.9-per-cent equity interest in Huayra and nominate one member to the Board of Directors of Huayra.
"This transaction demonstrates our continued focus on maximizing the value of our portfolio of projects by partnering with an Argentina-focused company who can accelerate exploration and development at Diablillos and M-18," stated Silver Standard CEO Paul Benson in a release. "The transaction allows Silver Standard to support the success of Huayra and the advancement of the projects."
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Nobilis Health Corp. (HLTH-N;NHC-T) has acquired an ambulatory surgery centre in Dickinson, Texas for an undisclosed price.
The centre will operate as a hospital outpatient department of Nobilis' Bellaire Surgical Hospital.
The acquisition expands Nobilis's geographic reach into the southeast Houston Metro area.
"This expansion taps into our ability to drive volume and revenue from our sales and marketing division, as seen from the success we've had in the Dallas, Plano, Phoenix, Scottsdale and Houston areas," stated Kenneth Efird, president of Nobilis, in a release.