Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Pulse Seismic Inc. (PSD-T) reported preliminary, unaudited revenues for 2016.
It said data library sales revenue was $14.3-million for the year, compared to $21.2-million in 2015.
Fourth-quarter sales were $4.2-million compared to $8.8-million for the comparable period in 2015.
"The company did not have any participation survey revenue in 2016, while in 2015 one participation survey generated $3.2-million in participation survey revenue," it said in a release.
It said full audited financial results will be issued on March 7.
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ProMetic Life Sciences Inc. (PLI-T) says California Capital Equity, LLC, has exercised 44.8 million share purchase warrants at a price of $0.47 per share for total proceeds of $21.1-million.
"Our increased equity position in ProMetic represents a long-term and strategic investment for us", said California Capital CEO Patrick Soon-Shiong in a release.
ProMetic Life Sciences said its relationship with Dr. Soon-Shiong dates back to 2008.
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Mountain Province Diamonds Inc. (MPVD-T; MPVD-Q) says it recovered a 67.87-carat gem quality octahedron diamond during production ramp-up at the Gahcho Kue diamond mine.
"This is the largest gem-quality diamond recovered to date at Gahcho Kué," the company said.
Mountain Province Diamonds is a 49-per-cent participant with De Beers Canada in the Gahcho Kué diamond mine located in the Northwest Territories.
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Gran Tierra Energy Inc. (GTE-N; GTE-T) says it has sold its Brazil business unit to Maha Energy AB.
Maha will acquire all of Gran Tierra's assets in Brazil, including its 100-per-cent working interest in the Tiê Field and all of its interest in exploration rights and obligations.
The completion of the acquisition is subject to Maha obtaining financing, the company said in a release.
Gran Tierra said the assets in Brazil are not considered core to its growth strategy, "and we believe this divestiture allows Gran Tierra a significant advantage by reallocating resources (people and money) to our core Colombian exploration, development and production operations."
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SunOpta Inc. (STKL-Q; SOY-T) appointed David Colo as president and CEO effective today.
Interim CEO Katrina Houde will continue her position on SunOpta's board.
Mr. Colo joins SunOpta from Diamond Foods, where he served as executive vice-president, chief operating officer.
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Osisko Mining Inc. (OSK-T) is raising $30-million in a bought-deal equity financing.
It has entered into an agreement with a syndicate of underwriters led by Canaccord Genuity Corp. and Dundee Capital Partners to purchase about 5.5 million flow-through common shares at $5.52 each.
The gross proceeds from the offering will be used to fund Canadian exploration expenses related to Osisko's projects in Quebec.
In a separate release, Osiskio announced a concurrent agreement with underwriters led by BMO Capital Markets and Canaccord Genuity Corp., for them to buy 8.8 million units at $3.40 each to raise about $30-million.
Osisko said it intends to use the net proceeds of the offering to continue exploration and development of the Windfall Lake gold project and for general corporate purposes.
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Ithaca Energy Inc. (IAE-T) says it has an agreement to be taken over by Israeli-listed Delek Group Ltd for $1.95 per share, valuing the company at $841-million.
It says its board "unanimously" recommends the takeover offer, which "provides shareholders with the opportunity to crystallise the value of their holdings in cash."
The deal represents a 12-per-cent premium to the TSX closing price of $1.74 per share on Feb. 3.
"We are very pleased to announce the offer, which provides an attractive opportunity for all shareholders to secure a premium cash value for their investment following a sustained period of share price growth and at a favourable point in the company's evolution," stated non-executive chairman Brad Hurtubise in a release.
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Stingray Digital Group Inc. (RAY.A-T; RAY.B-T) says it has finalized agreements for the distribution of its services with eight prominent European Pay-TV providers.
"These strategic deals represent a significant growth in Stingray's current European distribution, increasing its potential reach by more than one million subscribers," the company said.