Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Aimia (AIM-T) says it has an agreement to settle the class action relating to changes made to the mileage expiry and accumulation rules of the Aeroplan program announced on Oct. 16, 2006.
As part of the terms of the settlement, Aimia has agreed to deposit a set amount of Aeroplan miles into the account of eligible members. "While the company believes its position was reasonable, reaching a settlement agreement is a positive resolution for members and stakeholders," it stated in a release.
Tahoe Resources Inc. (THO-T; TAHO-N) says protestors illegally trespassed onto its La Arena mine property in Peru, which has disrupted operations. The protestors “demanded payment for the alleged impacts of mining operations to their community,” the company said. “To ensure the safety of our employees, contractors and members of the community, the company has temporarily suspended mining operations,” as of the night shift on Thursday, “and ordered all workers to remain at home.”
The company said it has also filed formal charges against the protest leaders for illegal trespass.
"We are excited to introduce our line of Solei brand products to the U.S. market along with our growing portfolio of premium brands. Liberty is committed to delivering a diverse selection to our important customers in a safe and caring environment," said George Scorsis, CEO of Liberty Health Sciences.
Trinidad said the board and its advisors will consider and evaluate the offer and make a formal recommendation to shareholders within 15 days.
Trinidad said the offer of $1.68 per share is unchanged from the proposed offer received on Aug, 11 “and is below the current market share price of Trinidad. Trinidad has previously stated that the proposed offer was not in the best interests of Trinidad or its shareholders.”
Medical Facilities Corp. (DR-T) said it has an agreement for a new US$150-million syndicated revolving credit facility with a five-year maturity. It replaces the company’s $100-million Canadian-dollar denominated facility due to mature at the end of 2018.
"We are pleased to have obtained a much larger credit facility under favorable terms," said Robert Horrar, CEO of Medical Facilities. "The new credit facility better supports our future growth efforts, significantly increasing our flexibility as we focus on building scale and further diversifying our portfolio through accretive acquisitions."
Epsilon Energy Ltd. (EPS-T) reported second-quarter revenue of US$6.4-million versus US$7.9-million a year ago. Net income was US$700,580 or a penny per share versus net income of US$2.5-million or 5 cents a year ago.