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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.

Silvercorp Metals Inc. (SVM-T; SVM-N) announced plans to acquire Guyana Goldfields Inc. (GUY-T) in deal valued at $105-million.

Under the terms of the transaction, each holder of Guyana Goldfields shares will have the option to receive 60 cents in cash or 0.1195 of a Silvercorp common share for each of their shares, subject to a maximum cash consideration of $33.2-million. If all Guyana Goldfields shareholders choose to receive cash, consideration for each share will consist of 20 cents in cash and 0.0796 of a Silvercorp common share, the company stated.

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Also, Silvercorp will lend Guyana Goldfields up to US$15-million with proceeds going towards operations at the Aurora underground project, as well as for certain working capital and general corporate purposes.

**

Metalla Royalty & Streaming Ltd. (MTA-T) announced it will acquire Idaho Resources Corp. for $4-million in cash and shares. IRC holds a 0.5 per cent gross overriding royalty (GOR) on the Anglo/Zeke claim block in Eureka County, Nevada, located on trend to the southeast of the Cortez Operations and Goldrush project owned by Nevada Gold Mines (NGM). NGM is a joint venture between Barrick Gold Corp. and Newmont Corp. IRC also holds a 1.5 per cent GOR covering NuLegacy Gold Corp’s Red Hill project in Eureka County, Nevada, which is contiguous to the southeast of the Anglo/Zeke claims.

The consideration for the share purchase agreement will be satisfied by Metalla issuing $2-million in common shares and $2-million in cash.

**

Theratechnologies Inc. (TH-T) announced new positive results about its two investigational peptide-drug conjugates (PDC) TH1902 and TH1904 will be presented tomorrow at a virtual session of the Annual Meeting of the American Association for Cancer Research (AACR).

The company said data show that both TH1902 (docetaxel peptide conjugate) and TH1904 (doxorubicin peptide conjugate) "are more effective and better tolerated in animal models than two commonly-used ovarian cancer treatments."

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**

MAG Silver Corp. (MAG-T) announced a $60-million non-brokered private placement with Mr. Eric Sprott, through his company 2176423 Ontario Ltd., which includes 4,528,302 common shares of MAG at a price of $13.25 each.

MAG said it intends to use the net proceeds to fund exploration and development of the Juanicipio Project and for working capital and general corporate purposes.

“Mr. Sprott has recognized this as an investment opportunity in a world-class silver project which is heading into cash flow in the near future,” said George Paspalas, CEO of MAG. “We understand this is Mr. Sprott’s largest single investment in the silver space, and would like to thank him for his strong sign of support.”

**

Waterloo Brewing Ltd. (WBR-T) announced late Friday that it has suspended its development plans for the production of cannabis-infused beverages.

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"In the period leading up to the legalization of cannabis-infused beverages, Waterloo Brewing dedicated resources to secure the necessary licensing and prepared its facilities to produce cannabis-infused beverages," the company stated. "Since that time, the route to market for cannabis-infused beverages and the associated market opportunity has become less clear and highly uncertain. Given the very strong and proven performance of its current growth drivers, the company is, for the time being, suspending any activity related to the production of cannabis-infused beverages."

**

CanaFarma Hemp Products Corp. (CNFA-C) announced that it has signed a letter of intent with a privately held company to acquire a manufacturing facility for its hemp oil-based consumer products operations.

"This has the potential to be another substantial step forward for CanaFarma, as we continue to execute on our overall strategic plan to build a completely vertically-integrated hemp-based company," said CEO David Lonsdale. "Having our own manufacturing facility would not only allow us to scale production in support of our growing sales and product line expansion, but also to bring new innovative products to market much faster under a more efficient and controllable cost structure."

**

People Corp. (PEO-X) reported second-quarter revenue of $59-million up from $40.5-million a year earlier and ahead of expectations of $53.7-million.

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Net income was $481,000 or a penny per share versus a loss of $3.4-million or 6 cents a year ago. Adjusted EBITDA was 8 cents versus 2 cents a year ago. The expectation was for adjusted EPS of 6 cents.

The company also said it "has not observed any financial impact on its business as a result of the COVID-19 pandemic, either for the fiscal quarter ended February 29, 2020, or for the month of March 2020. However, given the measures taken by all the levels of government in an effort to slow the spread of COVID-19, and the related impact on business and the overall economy, the company does expect to see an impact in the coming months."

**

Pretium Resources Inc. (PVG-T) announced the appointment of Jacques Perron as president and CEO, effective today.

Most recently Mr. Perron was president, CEO and director of Thompson Creek Metals Company Inc. until it was acquired by Centerra Gold Inc in 2016.

Mr. Perron succeeds Joseph Ovsenek, who was president and CEO since 2017.

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**

Sierra Metals Inc. (SMT-T) announced that the Peruvian and Mexican federal governments have extended their suspensions of all non-essential activities to contain the advancement of COVID-19 virus. In Peru, the suspension will now continue until May 10, the company said, and in Mexico, the suspension will now continue until May 30.

Also, the company said the Mexican government has announced that suspension of activities will not apply to the municipalities that present a low or null transmission of COVID-19 as of May 18. The Mexican Government is expected to set clear guidelines before that time, it stated.

It said these extensions affect the company’s mining activities in both countries. “However, there is a possibility that the Bolivar Mine in Mexico may be able to resume operations on May 18... based on its remote location.”

**

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