Longueuil, Que.-based D-Box Technologies Inc. creates motion technology for theatres, such as theses moving theatre chairs, which represents about 70 per cent of its revenue.
Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
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Laurentian Bank of Canada (LB-T) raised its dividend and reported fourth-quarter revenue of $236.4-million, up 2 per cent from $231.6-million for the fourth quarter of 2015.
Net income was $18.4-million or 45 cents per share for the fourth quarter of 2016, compared with a loss of $18.7-million or a loss of 73 cents per share for the fourth quarter of 2015.
The most recent quarter included impairment and restructuring charges of $38.3-million or 89 cents per share, the bank said.
Results for the fourth quarter of 2015 included impairment and restructuring charges of $78.4-million or $2.13 diluted per share.
Adjusted net income was $50.5-million or $1.47 per share for the fourth quarter of 2016, up 15 per cent and 2 per cent respectively, compared with $44.1-million or $1.44 per share for the same period in 2015.
The bank increased its quarterly dividend by a penny to 61 cents per share.
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New Flyer Industries Inc. (NFI-T) says the San Francisco Municipal Railway has exercised options under its current contract for 167 heavy-duty 40- and 60-foot Xcelsior diesel-electric hybrid buses.
The company said the exercised options are valued at nearly $153-million (U.S.) and include orders for 98, 40-foot diesel-electric hybrid buses and 69, 60-foot diesel-electric hybrid buses.
The original contract awarded in December, 2014.
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D-Box Technologies Inc. (DBO-T) says it will install its high-fidelity motion systems into two more full-size auditoriums in China.
"China is an important market for us because of the incredible opportunities, massive growth potential and insatiable interest in premium entertainment experiences," stated CEO Claude McMaster in a release.
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American Hotel Income Properties REIT LP (HOT.UN-T) is raising $100-million in a bought deal financing.
It has an agreement with a syndicate of underwriters co-led by CIBC Capital Markets and National Bank Financial to sell 9.8 million limited partnership units at $10.20 each.
The REIT said it plans to use the net proceeds to partially fund the potential acquisition of three high-quality Embassy Suites by Hilton branded hotels in the U.S. Midwest and to fund working capital and potential future acquisitions.
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Mainstreet Equity Corp. (MEQ-T) said funds from operations (FFO) decreased 13 per cent to $26.2-million in fiscal 2016, compared with $30-million in 2015.
FFO per basic share fell five per cent to $2.74, compared with $2.89 in 2015.
"The past year was a challenging one for us. We are acutely aware of the impacts of ongoing economic uncertainty in some of our core markets, and Mainstreet continues to monitor its operations and finances closely in order to remain in a position of strength," stated CEO Bob Dhillon in a release.
The company said its results were "adversely affected by a slow economic activity in our Alberta and Saskatchewan markets, resulting in increased vacancies, lower rental rates and concessions to tenants."
Lower returns in the Prairie provinces were partially offset by assets in the Vancouver area.
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Knight Therapeutics Inc. (GUD-T) is raising $75-million in a bought deal agreement with a syndicate of underwriters led by GMP Securities L.P. and Cormark Securities Inc.
They've agreed to purchase 7.5 million shares at $10 each.
Knight said the proceeds will be used to fund its future growth.
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Pine Cliff Energy Ltd. (PNE-T) is selling "non-core" oil assets for $31.4-million.
The assets include approximately 500 barrels of oil equivalent per day of production weighted 94 per cent to oil in the Viking area of Alberta, the company said.
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