Amaya said its shares will start trading on the Nasdaq exchange starting June 8, 2015.Getty Images/iStockphoto
Our roundup of Canadian small-caps making news and on the move today.
Montreal-based online gaming company Amaya Inc. (AYA-T), which owns the PokerStars and Full Tilt brands, said The Nasdaq Stock Market LLC has approved the listing of Amaya's common shares on The Nasdaq Global Select Market and it expects trading to start on June 8 under the symbol "AYA." The company's shares will also continue to trade on the Toronto Stock Exchange under the symbol "AYA."
"Our listing on the Nasdaq is an important milestone for Amaya and a testament to the tremendous progress we have made over our five years as a public company," said Amaya's Chairman and CEO, David Baazov. "We anticipate that the Nasdaq listing will provide greater visibility and better liquidity for our stock and help broaden our shareholder base."
======
Ottawa-based Orezone Gold Corp. (ORE-T) said it has submitted a mining permit application to the government of Burkina Faso for the construction and operation of its wholly owned Bombore gold project. "The application is based upon the recently announced positive feasibility study and includes an environmental and social impact assessment and a relocation action plan for the local people affected by the project," the company said. "Discussions with the local population are well underway with respect to the RAP, including the selection of the relocation sites and the compensation package."
The permitting process could take four to eight months and includes public hearings and a complete review by the Ministry of Mines and Energy and the Ministry of Environment and Durable Development and the National Mining Commission, a technical panel, the company said.
The company said it is "exploring many alternatives to be in a position to fund the complete construction of the project in the first quarter of 2016; the expected timeline to receive all government permit approvals."
======
Toronto-based Medifocus Inc. (MFS-X), a medical systems and devices company that develops and commercializes focused heat thermotherapy systems for treatment of Benign Prostatic Hyperplasia and breast cancer, announced that it has entered into an option agreement with Duke University regarding heat-activated and tumor targeted immunotherapy. "The two parties are actively negotiating an exclusive license to the patent rights of a Duke invention for the development of heat-activated and tumor targeted immunotherapy for treatment of cancer and other diseases," the company said. The option to license and develop Duke's technology runs through Dec. 30, 2015.
======
Calgary-based Builders Capital Mortgage Corp. (BCF-X) reported first-quarter mortgage revenue of $965,000, representing annualized gross revenue of 16.1 per cent of its weighted average gross share capital, up from $786,410, or 13.6 per cent of gross share capital, in the same period of 2014. Comprehensive income for the first quarter was $775,000, or 32 cents per share, up from $638,000, or 27 cents per share, in 2014.
======
Vancouver-based Mobio Technologies Inc. (MBO-X) said it has signed a Letter of Intent to acquire Twenty Year Media Inc., a Vancouver-based company that provides media content distribution, sales and promotion to theatres and consumers throughout North America.
Under the terms of the Letter of Intent, on closing, Mobio will issue 20-million common shares to the security holders of Twenty Year Media, in order to complete the acquisition. Up to an additional 20-million common shares are issuable by Mobio as certain milestones are met in terms of agreed monthly revenue targets.
"Twenty Year Media is an innovative media and technology company that uses predictive data and social intelligence to attack the excess capacity issues of the $40-billion North American cinema market," said Michael Edwards, CEO of Mobio. "Through its Emerging Pictures network, TYM uses data and analytics to align content with audience and screen. Strutta, Mobio's current flagship product, is an excellent complement with TYM's business and strategy. Customer engagement is a key driver to this business and the Mobio suite of engagement tools will add great value to the entire process."
Mobio also said it has arranged a non-brokered private placement in which it will raise up to $750,000. As part of the offering, Mobio will issue up to 12.5-million units at 6 cents per unit.
======
Vancouver-based MPH Ventures Corp. (MPS-X) said it has entered into a Letter of Intent to acquire 20 per cent minority interest in Travelucion S.L in exchange for 4-million common shares of MPH Ventures at 5 cents each, with an option to acquire the remaining 80 per cent interest for 16-million shares.
"Travelucion is a cash-flow positive travel media company that specializes in travel marketing, electronic reservation and online booking solutions for international visitors to Cuba," the company said, including more than 450 Web assets "popularizing Cuban culture, music, celebrities, +60 major destinations, golf, banking and commerce which collectively generate approximately 20-million page-views per year."
======
Toronto-based Slate Office REIT (SOT.UN-T) said it has entered into a binding agreement to sell 110 Lowson Crescent in Winnipeg to an undisclosed purchaser for $6.7-million, or $110 per square foot. The sale is expected to be completed in second quarter.
======