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A New Flyer hybrid bus makes its way through downtown Kelowna on May 4, 2005.Jeff Bassett

Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.

Dominion Diamond Corp. (DDC-T, DDC-N), Canada's largest publicly traded diamond company, has responded to shareholder disapproval by announcing two new directors, including a veteran miner who will become chairman of its board by April 30, if not sooner.

Dominion Diamond's current chairman, a former CEO of the company, said he's prepared to hand over the job to veteran mining engineer Jim Gowans "in the near future."

"Both the company and I have faced certain changes recently," Dominion Diamond chairman Robert Gannicott says in a statement issued from Yellowknife, capital of the territory that's home to the Toronto-based company's mining operations.

Mr. Gannicott mentioned he had "medical challenges" but didn't elaborate.

The company also announced it was appointing Josef Vejvoda, whose has experience in information technology and Canadian capital markets, as another new director upon the recommendation of a group of shareholders that have demanded changes.

Dominion Diamond said the dissident group has accepted to a "standstill" agreement as a result of the appointments.

Dominion Diamond owns the Ekati diamond mine and a 40 per cent share of Diavik _ Canada's largest diamond mine _ both in the Northwest Territories.

The appointments announced Wednesday fill vacancies that opened just before Christmas, when two independent directors resigned.

Their departures come just days after a group of Dominion Diamond shareholders publicly called on the company's independent directors to deal with the "misguided policies and missed opportunities'' that have hurt their investment.

The group — led by K2 & Associates Investment Management Inc. — said it recognized that the mining industry faces :headwinds'' but believed Dominion Diamond's shares are "significantly undervalued by the public markets.''

Its shares closed Wednesday at $13.95 before the company's announcement. Until six months ago they were worth more than $20 each and peaked in early June at $24.60 on the Toronto Stock Exchange. The recent stock price gives Dominion Diamond a total market value of just under $1.2 billion, according to TSX data.

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Mobile sports entertainment company theScore Inc (SCR-X) reported record quarterly revenue of $7-million for the first-quarter ended Nov. 30, a 130-per-cent increase compared to $3-million in the same period the previous year. It said advertising revenue grew 150 per cent to $7-million.

It also reported a net loss for the quarter of $3.1-million compared to a loss of $2 million in the same period last year.

"This was primarily a result of increased personnel and marketing costs associated with theScore's eSports and fantasy sports' businesses," the company stated.

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Equitable Bank, a subsidiary of Equitable Group Inc. (EQB-T) has launhced an online banking platform called EQ Bank.

"EQ Bank's first product, the EQ Bank Savings Plus Account, allows customers to pay bills, transfer money to friends and family, and also earn a competitive interest rate – all from one account," the company stated.

"EQ Bank's entry into the digital banking space comes on the heels of a growing shift towards fintech innovation and digital banking inCanada, where 55 per cent of the population choose to do most of their banking online, according to a report released by the Canadian Bankers Association."

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Imvescor Restaurant Group Inc. (IRG-T) says its net earnings increased to $3.5-million in the fourth quarter, compared with a loss of $800,000 last year (a period which included $4.5-million in impairment charges).

The restaurant franchisor, with 227 locations in Eastern Canada under brands such as Pizza Delight and Trattoria di Mikes, said same-restaurant sales grew 2.4 per cent, an improvement of 4.9 percentage points compared with the same time last year.

The company also increased its dividend by 12.5 per cent to 2.25 cents per share quarterly, up from 2 cents.

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A lot of news from Performance Sports Group Ltd. (PSG-T, PSG-N) overnight, including the acquisition of the Easton Hockey business from Easton Hockey Holdings, Inc., second-quarter earnings that were down year-over-year, and a statement about market speculation. It also made a statement backing the CEO.

"Performance Sports Group believes it is prudent to caution investors that it has not received any proposal or communication from any person concerning a potential bid for the Company or similar transaction, and is not otherwise aware of any developments supporting recent speculation in the marketplace," the company stated as part of its earnings release. "In addition, the board of directors unanimously supports CEO Kevin Davis, the entire management team and the overall strategic direction of the Company, including its Own The Moment retail initiative for Bauer Hockey."

The statement is in response to a call from its former chairman to oust Mr. Davis, according to Bloomberg, amid a falling share price. The stock is down 45 per cent over the past three months and 60 per cent over the past year.

The company reported that revenues were down 11 per cent to $153 million (U.S.) in the quarter ended Nov. 30. Adjusted net income decreased 48 per cent to $5.9 million or 13 cents per diluted share, compared to $11.3 million or 24 cents per diluted share in the year-ago quarter, the company stated.

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Taseko Mines (TKO-T, TGB-N) says Raging River Capital LP, a holder of 5.1 per cent of its shares, is declaring itself an activist investor and demanding a meeting of shareholders.

Taseko said Raging River is asking to remove three incumbent Taseko directors and replace them with four Raging River nominees, while also increasing the number of Taseko directors to nine from eight.

The company said it's reviewing the information and will "provide a detailed response in the near future."

Its also formed a special committee of three independent directors (those not targeted by Raging River) to assist the board with its response.

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HudBay Minerals Inc. (HBM-N, HBM-T) reported capital expenditure guidance of about $300 million for 2016, a decrease of over 20 per cent compared to 2015 guidance.

"The spending plans include approximately $270 million of sustaining capital expenditures at Hudbay's current operations plus planned expenditures for advancing the Rosemont project," the company stated.

It also said 2015 production of all key metals was within guidance ranges in both the Manitoba and South America business units.

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New Flyer Industries Inc. (NFI-T) reported a drop in orders in the fourth quarter ended Dec. 27.

The Winnipeg-based bus maker said it delivered 660 equivalent units (EUs) in the quarter, down 20 EUs from the same time last year.

New bus orders (firm and options) totaled 1,239 EUs in the quarter, down from 1,325 for the same period a year ago.

Its backlog at the end of the quarter was 7,560 EUs (valued at $3.85 billion) compared to  6,745 EUs (valued at $3.39 billion) at the end of Q4 2014.

It said the order and delivery activity and backlog for the most recent quarter doesn't include activity from Motor Coach Industries International, Inc., which it bought on Dec. 18.

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Yamana Gold Inc (YRI-T, AUY-N) is cutting its dividend to 2 cents (U.S.) annually from 6 cents (1.5 cents quarterly), starting with the first quarter 2016 payment.

"Given the cyclical nature and current volatility of the gold business, and the volatility in markets generally, the company strives to strike a proper balance between the financial discipline of paying a dividend and managing its business. In the context of today's markets, the current dividend level is considered too high," Yamana stated after markets closed on Wednesday.

"The company is committed to paying a dividend at a level considered as a baseline, and to periodically evaluate that level and dividend payout," it continued, "relying in particular, on special dividends and share buybacks, as appropriate, when circumstances suggest more market stability and increasing available cash."

Yamana said it believes its cash balances will increase in the coming years including "in 2018 particularly when Cerro Moro [in Argentina] is in operation."

Meantime, the company said, "the revised baseline level is now $0.02 per share annually beginning with the declaration and payment of the first quarter 2016 dividend."

The Toronto-based gold miner also released preliminary production and cost estimates for 2015, as well as 2016, 2017 and 2018 production, and 2016 cost guidance.

For 2016, it expects deliver gold production of between 1.23 million and 1.31 million ounces, while silver production is projected at between 6.9 million and 7.2 million ounces of silver and copper production is projected at between 122 million and 125 million pounds.

Yamana said it's targeting "continuous production growth, and will continue to evaluate opportunities for optimizations and other operational improvements across its portfolio to further increase its production profile."

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Madison Pacific Properties Inc. (MPC-T) reported net income of $6.9 million for the quarter ended Nov. 30, compared to $5 million last year.

The Vancouver-based real estate company said cash flows from operating activities (before changes in non-cash operating balances) came in at $3.3 million, compared to $3.1 million last year. It also reported income per share of 11 cents, versus 8 cents a year earlier.

"Included in net income is an after-tax net gain from the fair value adjustment on investment properties of $4.5 million" (versus $2.6 million in 2014)," the company said.

With files from The Canadian Press