Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Major Drilling Group International Inc. (MDI-T) reported fourth-quarter revenue of $81.5-million, up 27 per cent from $64.1- million for the same quarter last year.
Analysts were expecting revenue of $88.4-million, according to S&P Capital IQ.
Its net loss was $8.2-million or 10 cents per share for the quarter, compared to a net loss of $12.9-million or 16 cents per share for the prior-year quarter. Analysts were expecting a loss of 12 cents.
CEO Denis Larocque says the company is seeing increased demand in all of its operations, "particularly in South and Central America, which had been the most affected by the prolonged downturn."
The company also said it is ramping up its investments in continuous improvements such as deep-hole rigs, underground mobile rigs and rod handling to meet customer demands.
Ballard Power Systems (BLDP-Q; BLDP-T) says it has entered into an $18-million supply contract with Zhongshan Broad-Ocean Motor Co. Ltd. to help put 400 fuel cell engines into clean energy buses and trucks in Chinese cities.
Ballard said the transaction is part of an ongoing program with Broad-Ocean.
"Today's announcement adds further momentum to our strategy in China's new energy transportation market," stated Ballard CEO Randy MacEwen. "This deal provides another critical validation of the rapidly emerging market opportunity in China for the adoption of fuel cell technology to help solve environmental challenges, including air quality."
Shore Gold Inc. (SGF-T) issued a release after markets closed on Monday, at the request of regulators, in response to the recent trading activity in its common shares.
Shore said it's engaged in preliminary discussions "regarding a potential transaction with a third party involving an earn-in on Shore's mineral properties."
The company said no agreement has been reached "and there is no assurance that these discussions will continue or that any transaction will be agreed upon."
The stock was up about 9 per cent on Monday to close at 44 cents.
Jaguar Mining Inc. (JAG-T) says it plans to raise $6-million in a non-brokered private placement financing.
The company said it has received subscription offers "from a number of qualified investors." The company says it will issue common shares at a price of 44 cents each.
"Newly issued shares will be subject to a four-month hold period," it said. The offering will close around June 15.
Net proceeds will be used for capital investment programs and working capital at its Brazilian operations.
Champion Iron Ltd. (CIA-T) says its subsidiary Quebec Iron Ore Inc. has been granted $5.2-million in financial assistance from the Government of Quebec's Green Fund in connection with two energy conversion projects at its Bloom Lake Iron Mine in Quebec.
The grant was announced at the Bloom Lake site on Monday, the company said.
"This announcement is part of a broad plan to make our facilities more streamlined and energy-efficient in order to minimize our environmental footprint," said chairman and CEO Michael O'Keeffe in a release.
Tecsys Inc. (TCS-T) is raising $15-million in a bought-deal agreement with a syndicate of underwriters.
The underwriters are buying a million shares at $15 each.
The net proceeds will be used for working capital and general corporate purposes, the company said.
Nexus Real Estate Investment Trust (NXR.UN-T) is buying ownership stakes in a portfolio retail, office and industrial properties in Quebec and one office property in New Brunswick for $147-million.
It's buying the interests from Sandalwood Management Inc., a private real estate firm dually headquartered in Austin, Texas and Montreal.
Nexus said it has waived diligence and certain other conditions in agreements, which includes a 100-per-cent interest in two properties and a 50-per-cent interest in 24 properties in the Sandalwood portfolio.
It said the acquisition will be partially financed by a $55-million bought deal equity financing and $15-million private placement with RFA Capital Partners Inc.
Home Capital Group Inc. (HCG-T) reported its financial position as of June 2.
It said aggregate available liquidity and credit capacity stood at approximately about $1.06-billion, compared to $1.11-billion the day before.
Its Home Trust high-interest savings account balances stood at approximately $107.7-million, similar to the day before.
Total GIC deposits stood at approximately $12.18-billion, similar to the day before.
First Global Data (FGD-X) says it has signed a partnership agreement with ImpalaPay for mobile wallet deployment in Kenya and 18 other African countries.
"This is a very important strategic relationship for First Global as we continue our strategy of global domestic deployments tied together through the First Global compliance hub to form the world's first portable, interoperable mobile payment service," said CEO Andre Itwaru.
Bellatrix Exploration Ltd. (BXE-T; BXE-N) says its chief financial officer Edward Brown will be retiring effective June 30.
Maxwell Lof will replace him. Mr. Lof was mostly recently the CFO for an energy-focused information technology company, and prior to that was the co-founder and CFO for both Surge Energy Inc. and Breaker Energy Ltd.
Endeavour Silver Corp. (EDR-T; EXK-N) says it has acquired 100-per-cent interests in two "small but prospective" mineral property groups, Calicanto and Veta Grande, in the mining district of Zacatecas in Zacatecas state, Mexico.
The Calicanto properties were purchased from Arian Silver Corp. for $400,000 (U.S.). The Veta Grande properties were purchased from Impact Silver Corp. for $500,000 by issuing 154,321 Endeavour common shares at $3.24 each.
"We are very happy to add these new properties to our exploration portfolio in Zacatecas," stated CEO Bradford Cooke. "The two transactions confirm there are good opportunities to consolidate a larger mineral land position in Zacatecas, one of the largest historic silver mining districts in Mexico."
The company said drilling is now underway at the Calicanto properties and it expects to permit and drill the Veta Grande properties later this year.
Dominion Diamond Corp. (DDC-T; DDC-N) announced an agreement with Archon Minerals Ltd. to convert Archon's participating joint venture interest in the Buffer Zone Joint Venture at the Ekati Diamond Mine to a royalty equal to 2.3 per cent of all future gross revenue from diamonds produced from the Buffer Zone.
As a result of this transaction, Dominion said its ownership interest in the Buffer Zone has increased to 100 per cent.
It maintains an ownership interest of 88.9 per cent in the Core Zone Joint Venture at the mine.
The transaction provides "ownership and funding certainty for the large scale Jay project, which is currently in the final stages of permitting," stated Dominion chairman Jim Gowans. "It also provides significantly more exposure for Dominion's shareholders to further discoveries on this highly prospective land package."
The Buffer Zone contains 106 mining leases covering 89,184 hectares. Of the 150 kimberlite pipes discovered to date at the Ekati mine in the Northwest Territories, 38 are in the Buffer Zone, the company said in a release.
Newfoundland Capital Corp. (NCC.A-T; NCC.B-T) says its Newcap Inc. subsidiary has received approval from the Canadian Radio-television and Telecommunications Commission to buy 100 per cent of the shares of NL Broadcasting Ltd., which owns and operates the radio broadcasting licences CHNL-AM, CJKC-FM, and CKRV-FM in Kamloops, B.C.
The transaction was announced on May 10.
Candelaria Mining Corp. (CAND-X) says Agnico Eagle Mines Ltd. (AEM-T) is investing $9.8-million in the company through a private placement.
Agnico will own approximately 9.95 per cent of the common shares of Candelaria, through the purchase of 10 million common shares at a price 96.5 cents per share.
No warrants are being issued in the deal, the company said.
"This strategic investment by Agnico, one of the world's top gold producers, is a strong endorsement of the quality and potential of Candelaria's Caballo Blanco gold project," stated Candelaria CEO Ramon Perez in a release. "We are excited to have this investment to allow us to initiate on our strategic objectives, principally intended to expand and upgrade the Caballo Blanco resource."
Candelaria said it intends to use the net proceeds of the investment for drilling and exploration and to pay final amounts owed to Alio Gold Inc. related to the acquisition of the Caballo Blanco gold project.
AuRico Metals Inc. (AMI-T) is raising $5-million in a private placement of flow-through common shares.
It appointed a syndicate of agents, co-led by Red Cloud Klondike Strike Inc. and Laurentian Bank Securities Inc., to sell 3.4 million flow-through common shares at $1.47 each.
Proceeds will be used for exploration expenses, as defined under the Income Tax Act, at its Kemess East Project in B.C.