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Our roundup of Canadian small-caps making news and on the move today. This post will be updated through the morning.

The Intertain Group Limited said it is in advanced talks with a third party regarding a potential "significant acquisition of certain assets." The company indicated that there was no assurance a deal would be reached, and that it will provide further comment if it comes to terms on a binding agreement. The stock is up more than 8 per cent over the previous two sessions.

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Almonty Industries Inc. said it has signed a letter of intent to merge with Woulfe Mining Corp. in a deal it says would create the leading tungsten company outside of China. The deal values each share of Woulfe at $0.08, which will be exchanged for an equal amount of Almonty stock. "This transaction represents the opportunity to combine one of the world's most promising undeveloped tungsten asset with our significant portfolio of producing assets, to create a truly global tungsten powerhouse," said president and chief executive officer Lewis Black. "With the addition of Woulfe's flagship Sangdong mine, we are confident about the combined team's ability to unlock significant value from our collective assets for our combined shareholders." The transaction is expected to be completed in April 2015.

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Canadian Equipment Rental Fund Inc. said it has set its capital budget at $7.3-million for 2015, a reduction of 65 per cent relative to the previous year. Expenditures will be funded through its operating cash flows, and about 40 per cent will be allocated to growth activities. "In this low oil price environment and the resulting oilfield slowdown, we have set a conservative capital budget for 2015," said president and chief executive officer Wayne Wadley. "CERF's two divisions, Industrials and Energy Services, provide diversified revenue sources from different industries and sectors. As 2015 progresses, we will monitor both industries' activity and may adjust the capital program as market conditions improve."

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Anglo Pacific Group PLC said the Isua project in Greenland in which it owns a 1 per cent gross revenue royalty has been sold from London Mining Greenland Limited to General Nice Development Limited. "We are encouraged by this development as we believe Isua remains a viable project in the longer term," said chief executive officer Julian Treger. "We look forward to the progression of the Isua Project in the short to medium term under the ownership of General Nice who the Government of Greenland has assessed as being able to raise the necessary financing for the development of the exploitation licence, and we anticipate building a strong and mutually beneficial relationship between our companies."

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Dalradian Resources Inc. said it will raise $11.3-million through a private placement of 12.6-million units to mining financier Ross Beaty at a price of $0.90 per unit. Each unit will consist of one common share and a half-warrant. Each full warrant will entitle Mr. Beaty to purchase a common share at a price of $1.15 within 24 months from the closing of this placement. "We are very happy to welcome Mr. Beaty as a significant new Dalradian shareholder," said chief executive officer Patrick F.N. Anderson. "Ross's experience in the mining sector and track record of investment in mining companies speaks for itself. Mr. Beaty complements a strong shareholder base who share the vision of building a gold mine at Curraghinalt." Mr. Beaty will own approximately 9.9 per cent of the firm's issued and outstanding common shares following this transaction.

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Heroux-Devtek Inc. said it will record a one-time, non-cash charge of $7.9-million in the fourth-quarter of 2014 related to Bombardier Inc.'s decision to pause the Learjet 85 program due to a lack of demand. The company developed the landing gear system for this model.

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Sierra Metals Inc. said its full-year production came in ahead of guidance in the majority of metal groups.  The company plans to boost production of silver and gold in 2015, is targeting largely unchanged production in copper and lead, and a drop-off in the production of zinc. "2014 was another record year of metal production driven by organic growth in our three mines. The Company's metal production exceeded the high end of the guidance for silver, gold, lead and zinc while copper production was within the guidance range. Our Q4 2014 production of 875,400 silver ounces was the highest quarter in the history of the Company, as was the ore throughput," said president and chief executive officer Audra Walsh. "The management team remains focused on executing opportunities to further increase production and reduce costs in 2015, which we anticipate will help offset the impact of depressed metal prices. The quality of our assets will enable us to continue delivering solid production results during 2015."

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Eco Oro Minerals Corp. said it plans to raise $3-million through a private placement of 3.9-million shares at $0.77 per share, an 11.5 per cent discount to its closing price on Monday. The company plans to use the proceeds for general working capital.

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More to come.

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