Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Methanex said it intends to use the net proceeds from the offering to repay or redeem the existing 5.25 per cent unsecured notes due on March 1, 2022, “of which US$250-million in aggregate principal amount is outstanding, and for maintenance capital expenditures, working capital or other general corporate purposes.”
Excellon Resources Inc. (EXN-T) announced that its common shares have been approved for listing on the NYSE American, LLC.
Excellon said it expects its shares will start trading on the NYSE American as of market open on Sept. 22 under the ticker symbol “EXN.”
Clearwater Seafoods Inc. (CLR-T) and Quin-Sea Fisheries Ltd, a division of Royal Greenland, announced the application to transfer the processing license for St. Anthony fish plant has now been approved by the Newfoundland and Labrador Minister of Fisheries, Forestry and Agriculture.
“This allows the companies to move forward with their new JV, in which Quin-Sea Fisheries Ltd will assume management responsibility for the plant on behalf of the new joint venture, St. Anthony Seafoods Ltd.” the companies stated.
Westport Fuel Systems Inc. (WPRT-T; WPRT-Q) announced that its Weichai Westport Inc. joint venture has received certification from the Ministry of Ecology and Environment of China for its 12-litre engine equipped with the HPDI 2.0 fuel system.
“WWI is now in a position to market and sell the heavy-duty natural gas engines with HPDI technology to various truck original equipment manufacturers,” the company stated.
“Following the delays introduced by COVID-19, I’m pleased to recognize the leadership of the Weichai Westport joint venture team in securing the certification from the MEE,” said David Johnson, CEO of Westport Fuel Systems.
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