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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.

IBI Group Inc. (IBG-T) announced a $40-million offering of 6.5-per-cent senior unsecured debentures. It has an agreement with CIBC Capital Markets and National Bank Financial Inc., on behalf of a syndicate of underwriters and agents, to issue the debentures at a price of $1,000 each.

The company said it intends to use the net proceeds to fund the redemption of its 5.5-per-cent convertible debentures due December 31, 2021.

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Interfor Corp. (IFP-T) announced an agreement to sell its specialty sawmill in Gilchrist, Oregon to Neiman Enterprises Inc., a privately held, third-generation family business with pine board sawmill operations in Wyoming and South Dakota and a stud mill in Colorado.

The Gilchrist sawmill, which specializes in ponderosa and lodgepole pine boards, has been curtailed since mid-June of this year due to COVID-19 related economic factors, the company said. Prior to its curtailment, the mill produced approximately 80 million board feet of lumber per year and employed approximately 150 employees.

“After a careful review of the potential future options for the mill, we believe the sale to Neiman offers the best long-term outcome for our employees and the surrounding communities,” said Andrew Horahan, Interfor’s vice-president of Western operations.

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HEXO Corp. (HEXO-N; HEXO-T) announced that it has hired Trent MacDonald as its chief financial officer, “with a start date expected in the coming months.”

He will succeed Stephen Burwash, who will remain on as CFO through the transition period, the company stated.

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Mr. MacDonald has more than 15 years of financial executive experience to HEXO, working for both publicly ‎listed and private enterprises, most recently as CFO for Rx Drug Mart. He was also vice-President finance of Indigo Books & Music Inc. (IDG-T)

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Morguard Corp. (MRC-T) announced that it has agreed to issue $175-million aggregate principal amount of series G senior unsecured debentures offered on an agency basis by a syndicate of agents with RBC Capital Markets acting as sole bookrunner and lead agent.

DBRS Limited has assigned a provisional rating of “BBB (low)” with a “negative” trend relating to the debentures, the company stated. It said the net proceeds will be used to repay debt.

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Paramount Resources Ltd. (POU-T) announced that it’s increasing its 2020 capital guidance to $225-million from $165-million.

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“The additional capital spending will grow 2021 Montney production at Karr and Wapiti, with the acceleration enabling the company to continue to maximize capital efficiencies, drive down per unit operating costs and increase adjusted funds flow,” it stated.

Paramount said it now expects higher production in 2021 to drive adjusted funds flow “at recent strip pricing in excess of anticipated 2021 capital spending, reducing the company’s debt levels and strengthening leverage metrics.”

Paramount said it expects to finalize its 2021 capital budget in the first quarter of 2021.

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Fire & Flower Holdings Corp. (FAF-T) reported second-quarter revenue of $28.6-million, compared to revenue of $11.1-million a year ago. Analysts were expecting revenue of $23.8-million in the latest quarter.

Its net loss was $29.1-million or 18 cents per share versus a loss of $6.5-million or 6 cents a year ago.

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Bombardier Inc. (BBD.B-T) announced that the Victorian Government in Australia has exercised an option for 18 more of its VLocity trains.

“This call-off is part of the Rollingstock Manufacture and Supply Agreement signed with the Victorian Government in 2018 to deliver 54 new VLocity carriages to public transport operator V/Line for operation across the regional rail network in Victoria, Australia,” Bombardier stated. It previously announced this order as an undisclosed customer in July 2020.

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