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Our roundup of Canadian small-caps making news and on the move today.

Vancouver-based Cardero Resource Corp. (CDU-T) said that it had has acquired an aggregate of 23,743,781 common shares, representing 54.46 per cent of Centenera Mining Corp. (formerly Artha Resources Corp.) (CT-X).

Through the reverse takeover of Centenera, Cardero has sold to Centenera all of Cardero's interests in their wholly-owned Argentine subsidiary, Cardero Argentina, S.A. Cardero Argentina's principal assets include the 100 per cent owned Organullo Gold deposit, in Salta province, Argentina, the 100 per cent owned former-producing Mina Angela Gold deposit, in Chubut province, southern Argentina, and an extensive proprietary exploration data-set covering northwestern and west-central Argentina.

"With Cardero's focus on bulk commodities over the past seven years, its mineral assets in Argentina were not an area of focus and effectively provided no value to shareholders. With the completion of the transaction, the Argentinean assets have transferred to a separate Argentina-focused vehicle sharing management with Cardero, which is 54 per cent owned by Cardero. The transaction does not result in any other change to Cardero, its management or operations," the company said.


Premier Aviation Overhaul Centre Inc. and Discovery Air Technical Services, a wholly owned subsidiary of Discovery Air Inc. (DA.A-T), said Premier intends to acquire the assets of DATS.

Premier Aviation is the industry's largest Canadian owned airframe MRO currently operating two facilities in Canada and one in the United States. "The asset purchase, which is expected to be completed by the end of August 2015, will add much-needed capacity to Premier's current 700,000 sq. ft. of hangar and back shop space as well as contribute an additional 200,000 man-hours annually to the 1,000,000 saleable man-hours currently available," Premier said.


NeuLion, Inc. (NLN-T), a technology product and service provider specializing in the broadcasting, distribution and monetization of live and on-demand digital video content to Internet-enabled devices, said it has signed a new multi-year agreement with Tennis Channel, the only 24-hour programming network dedicated to tennis.

The companies have agreed to collaborate on expanding to new markets and additional devices, following the success of the 2015 French Open on Tennis Channel Everywhere and Tennis Channel Plus channels powered by the NeuLion digital platform. The agreement extends the one reached between NeuLion and Tennis Channel in May, 2014, to support the launch of Tennis Channel Plus at the start of last year's French Open.


Calgary-based Bengal Energy Ltd. (BNG-T) reported revenue of $3.4-million fourth quarter ended March 31, down from $5.3-million in the year-earlier quarter. For the year, revenue totalled $15.4-million, down 21 per cent from a year ago. "The decrease was again driven by lower realized pricing for crude oil," the company said. Analyst had expected revenue for the quarter of $5.27-million.

Bengal generated funds flow from operations of $900,000 in the fourth quarter, down from $2.2-million a year ago due to lower netbacks associated with declining benchmark crude prices. For the full fiscal year funds flow from operations was $4.6-million, versus $8.2-million in 2014. The net loss was $3.2-million for the fiscal year ended 2015, compared to a net income of $200,000 a year ago.