Our roundup of Canadian small-caps of between $100-million and $3-billion in market capitalization making news and on the move today.
Bonterra Energy Corp. (BNE-T) announced it has completed the restructuring of its debt capitalization through the closing of two new credit facilities and said it has repaid its $47-million Business Development Bank of Canada term facility.
The new credit facilities include a $110-million first-lien secured credit facility and a $95-million second-lien-secured term debt facility.
“Bonterra’s debt capital structure has been significantly improved and the company expects to benefit from enhanced stability,” it stated. It also forecasts that bank debt will be repaid by the second quarter of 2023.
The company also said it anticipates funds flow of approximately $190-million for this fiscal year, versus $105-million last year.
Iamgold Corp. (IAG-N: IMG-T) announced the death of an employee on Tuesday as a result of injuries sustained in an offsite accident in northeastern Burkina Faso.
The company said the accident occurred when team members were assisting with the hoisting of mobile equipment. The company said it’s investigating the incident and is working closely with local authorities.
InMode Ltd. (INMD-Q) announced that Health Canada has certified its product to address the symptoms of dry eye disease due to meibomian gland dysfunction.
The company said its Forma-I is intended for use in the periorbital area and eyelids and relieves inflammation of meibomian glands and eye irritation.
SIR Royalty Income Fund (SRV-UN-T) said its operating entity SIR Corp. reported consolidated same-store sales increased 73.8 per cent in the fourth quarter ended Aug. 28 to $86.9-million.
Net earnings of $1.1-million for the quarter compared to a net loss of $28.4-million a year ago. Adjusted net earnings were $6.3-million compared to $7-million last year.