Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
“This award was made as part of the company’s project involving NASA’s Commercial Lunar Payload Services (CLPS) initiative,” the company stated.
“Momentum is building as governments and private sector organizations work hand in glove on a shared mission that will take us back towards the Moon and beyond,” said Mike Greenley, CEO of MDA, in a release.
The company said the landing sensors for the mission will be delivered from its Harwell U.K. office.
The television and radio broadcaster says it earned net income attributable to shareholders of nearly $76.2-million or 36 cents per diluted share for the quarter ended Nov. 30.
The result compared with a profit of nearly $76.7-million or 37 cents per diluted share in the same quarter a year ago.
Revenue totalled nearly $463.9-million, up from almost $420.4-million in the same quarter a year earlier for the company behind Global Television, W Network, HGTV Canada, Food Network Canada and other specialty television services, radio stations and conventional television stations.
Corus chief executive Doug Murphy says television revenue in the quarter surpassed pre-pandemic levels, helped by the strength of Global TV’s fall schedule and robust advertising demand.
Television revenue grew to $434.7-million, up from $392.1-million a year ago, while radio revenue came in at $29.1-million, up from nearly $28.3-million.
- The Canadian Press
The company said the undisclosed customer will use its professional 24/7 live monitoring services to protect their lone workers and has purchased more than 500 G7x cloud-connected wearable safety devices with an accompanying G7 Bridge for each one.
“This four-year commitment shows not only the growing importance of cloud-connected devices and real-time visibility to protect workers, but also reflects Blackline Safety’s position as a leader in the industry,” said Cody Slater, CEO of Blackline Safety.
“This quarter’s sales level represents the highest volume in the last seven quarters,” the company stated.
Net income of $4.5-million or 21 cents per share versus net income of $9.5-million or 44 cents a year earlier.
Fiera Capital Corp. (FSZ-T) announced that Natixis Investment Managers intends to sell all of the 10.68 million Class A subordinate voting shares that it currently holds in Fiera Capital through an indirect wholly-owned subsidiary.
Fiera Capital and Natixis IM intend to enter into a private agreement for the repurchase for cancellation of 3.56 million Class A shares for an aggregate repurchase price of $34,888,000. In addition, Natixis IM will pay Fiera Capital a transaction fee, the company stated.
In a separate transaction, Natixis IM intends to sell 7.12 million Class A shares through a syndicate led by RBC Capital Markets by way of a prospectus-exempt bought deal block trade.
It has a deal with a syndicate of underwriters to buy 18,750,000 units for $2.40 each. Each unit includes one common share and one-half of one common share purchase warrant of the company, exercisable for 24 months at a price of $3.10 per share.
In a separate transaction expected to close concurrently with the offering, the company said certain officers and directors will be selling to the underwriters a total of 500,000 common shares of the company, on a block trade, prospectus-exempt basis, at the offering price for total gross proceeds of about $1.2-million.
The company said it intends to use the net proceeds of the offering to partially fund the purchase of its previously announced acquisition of First Ledger Corp., fund growth initiatives and for general corporate purposes.
Reitmans (Canada) Ltd. (RET-X; RET.A-X) announced that it has emerged from its restructuring proceedings as part of the Companies’ Creditors Arrangement Act. The company said it paid the monitor appointed under the CCAA process, Ernst & Young Inc., a total of $95-million.
The company also announces that it has entered into the previously announced senior secured asset-based revolving facility of up to $115-million with Bank of Montreal.
“As a result, the implementation conditions of the plan of arrangement are now all met,” it stated.
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