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Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.

RNC Minerals (RNX-T) said on Sunday that it recovered a 43-kg specimen stone containing an estimated 1,100 ounces of gold and a second 7-kg specimen containing 190 ounces from Beta Hunt Mine in Australia.

The company said it doubled the strike length of this high-grade coarse gold structure, to approximately 10 metres, after restarting development in the new high-grade gold discovery area "Fathers Day Vein".

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The discovery was made on Father's Day in Australia and has been named the "Fathers Day Vein" An updated estimate of ounces from the Fathers Day Vein is expected to be provided later this week, the Canadian miner said.

Final numbers from this most recent development should be known within twp weeks once all processing by the Perth Mint has been completed, the company said.

"RNC is currently developing plans to unlock the high-grade gold potential of the mine, which remains largely unexplored” RNC Chief Executive Mark Selby said in a release.

-Reuters

**

Novo Resources Corp. (NVO-X) says it has entered into two property transactions in the Egina region of Western Australia.

The first is a share purchase agreement to buy Farno-McMahon Pty Ltd, an Australian proprietary limited exploration company that owns four key tenements in the Egina region of Western Australia, including two mining leases. The company said it paid $150,000 (Australian dollars) in cash to Farno in making an initial agreement and will pay another $2.35-million (Australian) in cash and issue $5.5-million (Australian dollars) worth of Novo common shares at a price of about $4.11 (Canadian) per share.

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Novo and one of its Australian subsidiaries have entered into a memorandum of agreement with Australian Stock Exchange-listed Pioneer Resources Limited that sees Novo earn farm-in arrangements and a 70-per-cent interest in precious metal rights on four exploration tenements in the Egina region of Western Australia. "Novo considers this area prospective for conglomerate-related gold mineralization."

As part of the Pioneer Transaction, Novo will subscribe to $1-million in Pioneer ordinary shares at 2 cents (Australian) share as a private placement. Novo will pay $200,000 (Australian) in cash and issue 100,000 common shares to Pioneer.

**

Auxly Cannabis Group Inc. (XLY-X) says it has completed an investment in Kaneh Bosm BioTechnology Inc. (KBB-CN) and entered into a commercial rights agreement with Kaneh giving it access to “a significant and established portfolio of international cannabis licences, assets and distribution networks.”

Auxly believes said the agreements have "substantially accelerated its entry into numerous international cannabis markets and partnered with an ambitious team focused on future growth."

As part of the deal, Auxly has subscribed for $5-million of senior unsecured convertible debentures of Kaneh Bosm through a non-brokered private placement.

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**

Imperial Metals Corp. (III-T), the company behind the Red Chris, Mount Polley and Huckleberry copper mines in B.C., said Monday its board has set up a special committee to look at strategic alternatives, including a potential sale of the company.

The company said it has had preliminary discussions with a potential joint venture partner.

“We are thankful to our major shareholders and lenders for supporting the process designed to help us emerge from a very difficult period. We are highly confident in the strength and long-term value of our assets," stated president Brian Kynoch.

It was announced as part of a financial and business restructuring process the company said it started. It includes an extension of the due date of its secured revolving senior credit facility, the sale of a one half of one percent net smelter return royalty interest on the Red Chris project for US$17-million and steps taken to “both rationalize and improve operations at both of the company’s operating mines.”

**

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CannaRoyalty Corp. (CRZ-CN) says it’s selling its equity stake in Wagner Dimas to Australis Capital Inc., or 2.2 million shares, for $3.2-million.

"Over the past year, our team has been focused on building a platform that will position CannaRoyalty as the go-to home of origin for promising growth brands in the California market. To support these ongoing efforts, in early 2018 we outlined a plan to rationalize non-core assets. To date we have successfully executed that plan, generating significant returns for shareholders and non-dilutive capital to fund our California build-out," stated Marc Lustig, CEO of CannaRoyalty, said

**

Crius Energy Trust (KWH.UN-T) says it expects to exceed the high-end of its cost reduction guidance, with a run-rate in excess of US$25-million in annualized cost reductions by the end of 2018.

"We continue to identify opportunities to reduce costs as we execute on our strategic decision to focus on our deregulated energy business," said Michael Fallquist, CEO of Crius Energy.

He said the company is on-track to deliver approximately US$35 million of improved run-rate profitability entering 2019.

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**

Superior Plus Corp. (SPB-T) says it’s buying United Liquid Gas Company, which operates under the trade name United Pacific Energy, an independent wholesale propane and butane distributor in California.

The company said the acquisition, the price of which wasn't disclosed, will be funded by drawing from its existing credit facility.

“The acquisition of UPE is consistent with our Evolution 2020 objective to expand the wholesale propane business through opportunistic acquisitions across North America and demonstrates our commitment to further expand our wholesale propane marketing presence in the U.S.,” said CEO Luc Desjardins. “The acquisition of UPE is our fifth acquisition in 2018 and fourth tuck-in acquisition.”

**

Alaris Royalty Corp. (AD-T) says it has contributed US$46-million to a new partner, Body Contour Centers, LLC, and has committed to contributing an additional US$45-million to BCC in two future tranches dependent on BCC achieving certain financial targets. Alaris also announced a follow-on contribution of US$7-million into Accscient LLC.

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It said the US$53-million contributions announced add approximately 27 cents and 13 cents per share of revenue and net cash from operations, respectively.

**

Namaste Technologies Inc. (N-X) issued a release late Friday in regard to what it called a “misleading article” published on Lapresse.ca. “The company would like to take this opportunity to advise its shareholders that the article contains several false and misleading statements,” it stated. “The author of the article incorrectly claims that Namaste is in violation of the laws of the province of Quebec, referencing the sale of unauthorized recreational cannabis.”

**

Wallbridge Mining Company Limited (WM-T) announced late Friday that well-known mining investor Eric Sprott has invested $3.9-million in the company through a non-brokered private placement.

Mr. Sprott made the investment though his company 2176423 Ontario Ltd. He was the sole purchaser of the offering, the company said. He bought 30 million units at 13 cents each.

“We are pleased to have a gold investor such as Eric Sprott as one of our large shareholders. Eric is very familiar with high grade gold deposits in the world and Fenelon obviously fit that bill,” stated CEO Marz Kord.

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