Skip to main content
// //

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

Boston Pizza Royalties Income Fund (BPF.UN-T) and Boston Pizza International Inc. (BPI) announced agreements to “holistically address the financial challenges caused by the COVID-19 pandemic,” including a $10-million investment by Jim Treliving in BPI.

In the detailed release, the fund says Mr. Treliving, through an entity he controls, will add the additional capital in BPI "to reduce indebtedness and enhance liquidity and cashflow."

Story continues below advertisement

Some of the other actions include a $6.25-million credit facility under the Export Development Canada's business credit availability program and a $2-million subordinated credit facility from the Business Development Bank of Canada under the federal government's COVID-19 relief programs. 

“While the impact of COVID-19 on the underlying Boston Pizza restaurant business continues to evolve, the joint recovery plan agreed to by the Fund, the bank, BPI and its owner provides a clear path forward during these uncertain times,” said Marc Guay, chair of the board of trustees.

**

Centric Health Corp. (CHH-T) announced that it has filed articles of amendment changing its name to “CareRx Corporation” and consolidating its outstanding common shares at a ratio of 20 pre-consolidation shares to 1 post-consolidation share. The changes take effect at the market open on June 25, at which time the company’s stock trading symbol will also be changed to “CRRX”. The company said it also intends to formally rebrand itself as “CareRx” on June 25.

**

Park Lawn Corp. (PLC-T) announced interim CEO Bradley Green will take on the role officially and Jay Dodds becomes president alongside the title of chief operating officer, which he has held since May 2018.

**

Story continues below advertisement

Hudbay Minerals Inc. (HBM-T) announced the filing of the company’s initial brief with the U.S. Court of Appeals for the Ninth Circuit in relation to the U.S. District Court for the District of Arizona’s decision in July 2019, which revoked the U.S. Forest Service’s issuance of the Final Record of Decision (FROD) for the Rosemont project in Arizona.

Hudbay said the FROD was issued in June 2017 “after a thorough process involving 17 co-operating agencies at various levels of government.” It said the filing of the Hudbay Brief follows the U.S. federal government’s initial brief filed last week. “The briefs explain how both Hudbay and the government believe that the District Court misinterpreted federal mining laws and Forest Service regulations as they apply to Rosemont,” the company stated.

“[The] filing represents the next milestone in our efforts to correct what we believe is a misinterpretation by the District Court of the current laws and regulations that govern mining operations on public lands,” stated Hudbay CEO Peter Kukielski. “We believe, based on the arguments filed by Hudbay and the government, that the appellate court will reverse the District Court’s decision, allowing us to move forward with constructing and operating the Rosemont project.”

**

Osino Resources Corp. (OSI-X) announced a $15.4-million bought-deal financing. It has an agreement with a syndicate of underwriters which has agreed to buy 14 million units at a price of $1.10 each.

Each unit will include one common share and one-half of one common share purchase warrant, exercisable to acquire one common share for 12 months at an exercise price of $1.50 per common share.

Story continues below advertisement

The company plans to use the net proceeds to fund exploration expenditures at its projects in Namibia as well as for working capital and general corporate purposes.

**

Aura Minerals Inc. (ORA-T) announced late Monday its board of directors has approved an annual dividend based on 20 per cent of its annual adjusted EBITDA, less sustaining capital expenditures and exploration capital expenditures, payable as cash dividends to holders of its shares.

“Dividends are expected to be declared and paid once a year starting in 2021, based on the preceding year results,” it stated, and paid in the second quarter of each year.

**

Mainstreet Equity Corp. (MEQ-T) reported second-quarter revenue of $37.3-million up from $33.8-million a year earlier, according to documents filed on Sedar.com. Analysts were expecting revenue of $37.5-million.

Story continues below advertisement

Net income for the quarter ended March 31 was $3.7-million or 39 cents per share down from $12.3-million or $1.36 a year ago.

Follow related topics

Report an error Editorial code of conduct
Tickers mentioned in this story
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

Comments that violate our community guidelines will be removed.

Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies