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A customer inspects a piece of furniture at a Leon's store in Toronto on Monday November 12, 2012.Chris Young/The 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.

Merger talks between Canadian online gambling company Amaya Inc. (AYA-Q; AYA-T) and British bookmaker William Hill have ended after the two firms concluded they would be stronger on their own.

Amaya, operator of online gambling website PokerStars, and William Hill announced earlier this month that they were in talks to combine in a merger of equals but the deal was thrown into doubt days later when a leading investor in the British bookmaker said it would oppose any combination.

The Canadian company said it had decided it could best deliver shareholder value by remaining an independent company, while William Hill said it had decided to walk away after canvassing its biggest investors.

Amaya said it had been informed by its former chief executive, David Baazov, that he continued to be interested in acquiring all of the outstanding shares of Amaya, but that the firm had not received an offer capable of resulting in a transaction.

In a separate release, Amaya provided preliminary third-quarter results which show revenues of between $268-million to $273-million (U.S.), as compared to approximately $247-million of total revenues for the third quarter ended Sept. 30, 2015.

"These views on anticipated results are based on management's initial review of its operations and performance for the third quarter ended September 30, 2016, do not include all results expected to be reported, and are subject to the completion of Amaya's customary quarterly closing and review procedures," the company said.

It expects to release its full financial results for the third quarter on Nov. 14.

with files from Reuters

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TIO Networks Corp., (TNC-X) has successfully completed the first phase of its integration of recently acquired Softgate Systems ahead of schedule and it expects total cost synergies to exceed $6-million in earnings before interest, taxes, depreciation and amortization.

It also said Rick Auletta, the former CEO of Softgate Systems, is leaving the company.

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Leon's Furniture Ltd. (LNF-T) says it has successfully opened 10 new retail locations across the country over the past three months.

"The opening of four retail locations in British Columbia represents the first time in the company's history that the value proposition of the Leon's banner will be available to customers in British Columbia," the company said.

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