With this transaction, TVA’s struggling all-sports channel, TVA Sports, will take the best Montreal Canadiens games out of the hands of Réseau des Sports, Bell Media’s French-language sports network.The Canadian Press
Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Nobilis Health Corp. (HLTH-T) says it plans to acquire Arizona Vein & Vascular Center and its four affiliated surgery centers operating for $22 million plus a performance-based earn-out based on growth in Adjusted earnings before interest, taxes, depreciation and amortization.
The company said the purchase price includes of $17.5-million of cash, $2.25-million in the form of a convertible note, and $2.25-million of restricted stock.
Nobilis said it is "currently negotiating several other acquisitions that would add additional markets to further expand the vascular brand along with other brands in the Nobilis portfolio."
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TVA Group Inc. (TVA.B-T) recorded a net loss attributable to shareholders of $5.7-million or 13 cents per share in the second quarter, compared with a loss of $2.6-million or 6 cents per share a year earlier.
Consolidated adjusted operating income was $2.4-million, down 67 cent per cent from last year.
"Our quarterly results were impacted by the decline in the TVA Sports channel's advertising sales, due in large part to the fact that the Montreal Canadiens didn't make the NHL playoffs," stated CEO Julie Tremblay. "Apart from that unusual circumstance, we are satisfied with the performance of the other units of our Broadcasting & Production segment."
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Westport Fuel Systems (WPT-T) says it has completed the sale of its Michigan Tech Center assets located in Plymouth, Michigan for a total value of more than $12-million.
"Of the total, $11.5-million was received in cash with the remaining to be received as in-kind strategic value including access to test cells, facility space and other supporting equipment," the company said in a release.
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Canadian Energy Services & Technology Corp. (CEU-T) says it has completed the acquisition of all of the production and specialty chemical business assets of Catalyst Oilfield Services, LLC.
"The acquisition of Catalyst will accelerate the expansion of the Company's U.S. production and specialty chemicals operations with particular focus in West Texas and the Permian Basin" the company said.
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Chinook Energy Inc. (CKE-T) has initiated a review of strategic alternatives, which is says may include "a review of acquisition opportunities to expand its core Montney asset base, or establish a new core of operations."
The company said it will also consider a merger, sale, joint venture or "other opportunities that will result in a well-capitalized entity that can best develop its emerging Montney assets.
It said the process may include all of the company's assets.
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Balmoral Resources Ltd. (BAR-T) says it has acquired through staking an additional large-scale gold exploration property located near its producing Casa Berardi gold mine in Quebec.
"We are pleased to have added another well located, large scale and geologically attractive asset to our property portfolio in west central Quebec," said CEO Darin Wagner in a release. "The Hwy 810 Property features several unique geological features which we feel can quickly become drill targets, shares logistical advantages with our work on the Detour Trend Project and is well located between two regionally significant deposits; Casa Berardi on the gold side and the former producing Selbaie Cu-Zn-Ag-Au mine."
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Ithaca Energy Inc. (IAE-T) says it has expanded its core position in the Greater Stella Area with four agreements entered into for the acquisition of additional interests in the "Vorlich" discovery and an operated interest in the "Austen" discovery.
"This is in line with our 'hub and spoke' strategy for maximizing the value of the central infrastructure that has been put in place for the start-up of production from the Stella field," CEO Les Thomas said in a release.
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Altus Group Ltd. (AIF-T) says it has acquired R2G Ltd., a specialist chartered surveyors firm focused on business rates services.
"The acquisition of RatesRecovery strategically enhances the company's business rates offerings in the U.K. immediately ahead of the 2017 Business Rates Revaluation," the company said in a release.
The price wasn't disclosed.