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Yellow Pages along with Postmedia, the Chronicle Herald and DHX Television become members of Canadian Premium Audience Exchange.Christinne Muschi/The Globe and Mail

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

Yellow Pages Ltd. (Y-T) announced that it has reached a deal to acquire the ComFree/DuProprio Network, "a leader in connecting home sellers and buyers in Canada." The $50-million deal with Square Victoria Digital Properties will be fully funded with cash on hand, but will have no impact on the ability to repay long-term debt, Yellow Pages said. The company said the acquisition is in keeping with its repositioning by promoting digital revenue growth.

"We strive to accelerate Yellow Pages' digital transformation by creating marketplaces that help Canadians discover what's around them and transact within their local neighbourhoods," said Julien Billot, CEO of Yellow Pages. "The acquisition of ComFree/DuProprio provides Yellow Pages with a strong presence in the real estate vertical, access to exclusive listings, and the platforms required to transact directly with Canadians."

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Silver Bullion Trust (SBT.UN-T) said the hostile takeover attempt by Sprott Asset Management involves "misleading statements" about "unlocking value." In April, Sprott offered to acquire the outstanding units of both Central GoldTrust and Silver Bullion Trust, and merge them into its own funds, Sprott Physical Gold Trust and Sprott Physical Silver Trust. The offer would involve trading units of the target trusts for units in Sprott's trusts, all on a one-for-one, net-asset value basis.

"Sprott claims that they can 'unlock value' for SBT Unitholders due to the existence of their physical bullion redemption feature and their superior marketing abilities," Silver Bullion Trust said. "The simple fact is that the Sprott is not offering any meaningful premium to SBT unitholders, and the Sprott offer would result in higher ongoing expenses, lower bullion security, drastically reduced governance rights and higher tax risks for unitholders."

The trust is recommending that its unitholders reject the Sprott offer and refuse to tender their units.

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Calgary-based Aveda Transportation and Energy Services Inc. (AVE-X), a provider of oilfield hauling services and equipment rentals to the energy industry, announced that, through its operating subsidiary in the U.S., it has completed the acquisition of Hodges Trucking Company, L.L.C., from an affiliate of Seventy Seven Energy Inc. (SSE-N). The purchase price was $42-million (U.S.)

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Val-D'Or, Que.-based Abitibi Royalties Inc. (RZZ-X) said it has entered into a binding Letter of Intent with Golden Valley Mines Ltd. to acquire a 2 per cent net smelter royalty on its Smokehead prospect, about one kilometre southeast of the Canadian Malartic mine in Quebec. The company has also received dividends from its investment in Agnico Eagle Mines and additional royalty income from its 2 per cent NSR on the eastern portion of the Gouldie Zone, located at the Canadian Malartic mine.

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Luna Gold Corp. (LGC-T) said it has received a waiver from Sandstorm Gold Ltd. from the condition that the company raise $20-million in equity in connection with the restructuring of Sandstorm's existing gold stream and debt facility. Concurrent with the restructuring, the company expects to raise a previously announced $20-million in debt and $12.5-million in equity financing including $10-million from affiliates of Pacific Road Resources Funds.

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Helix BioPharma Corp. (HBP-T) announced its third-quarter financial results, posting a net loss of $1.8-million, or $0.03 per share, compared to a net loss of one year earlier of $2.1-million, or $0.03 per share.

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AlarmForce Industries Inc. (AF-T) reported a second-quarter profit of $1.7-million, down 3 per cent from a year earlier, on revenues of $14.0-million, compared to $13.2-million in the second quarter of 2014. "During the second quarter, we continued to implement practices such as outsourcing of media buying to more effectively target marketing spend in key growth areas," said Graham Badun, AlarmForce's CEO. "We are focused on expanding our market share through product innovations, customer service and overall operational improvements."

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Loyalist Group Ltd. (LOY-X) updated shareholders on a plan to restore liquidity and strengthen the company's financial position after posting a big quarterly loss and management changes last week. The company said it is in talks with its senior credit facility lender, as it is not in compliance with certain covenants in its operating credit facility. "Our new senior management team is focused on moving quickly, aggressively, and prudently to put Loyalist back on sound footing," said Shawn Klerer, Loyalist's CEO. "We have many stakeholders both inside and outside the company who want to see us succeed in this endeavour. It is important we do so in a manner fair and transparent to all stakeholders."

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