Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Canfor Pulp Products Inc. (CFX-T) announced it will be temporarily curtailing operations at its BCTMP mill in Taylor, B.C. from June 29 through August 5, “due to a combination of weaker market conditions and short-term fibre constraints resulting from industry-wide sawmill curtailments in the B.C. Interior.”
Taseko Mines Limited (TKO-T) announced that the Supreme Court of Canada has cleared the way for the company to undertake geotechnical work at its New Prosperity gold-copper project near Williams Lake, B.C.
The company said the Court "dismissed the Tsilhqot'in First Nation application to appeal an earlier judgment by the B.C. Supreme Court and by the British Columbia Court of Appeal and in doing so it has also confirmed the resilience of British Columbia's current mine permitting process."
Clairvest, a large minority shareholder of Accel, stated it “has not consented to the TPG Pace transaction in accordance with Accel’s organizational documents and is working with its legal and other advisors to consider its options with respect to the announced transaction.”
Copper Mountain Mining Corp (CMMC-T) announced it has hired Clarksons Platou Securities AS, BMO Capital Markets and Deutsche Bank Securities to arrange a series of fixed-income investor meetings in Europe, Asia and the United States starting next week. The company said a “U.S. dollar-denominated 5-year Nordic-style senior secured bond issue may follow,” based on market conditions." It said proceeds from a bond issue would be directed for “refinancing of the company’s existing outstanding debt, mine expansion and general corporate purposes.”