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Our roundup of Canadian small-caps of between $100-million and $3-billion in market capitalization making news

Blackline Safety Corp. (BLN-T) announced it has closed three deals with North American energy companies with a combined value of more than $10-million, based on their five-year lifetime product and services value.

The largest deal, valued at nearly $7-million, is with a Texas-based oil and gas company, a new customer for Blackline Safety. The other two deals represent new business with current energy customers, each with a five-year lifetime value of approximately $2 million, the company stated.

“These deals demonstrate the positive impact of the ongoing rebound in the North American energy industry delivering strong growth across this sector for Blackline. Customers in this market see the enduring value of our all-in-one solution to meet the diverse safety needs of workers in an industry increasingly moving toward connected solutions to transform their operations,” said chief growth officers Sean Stinson in a release.

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Neighbourly Pharmacy Inc. (NBLY-T) reported results for its first quarter ended June 18, including same-store sales growth of 1.8 per cent.

Revenue increased 34 per cent year over year to $114.4-million, “driven by pharmacies acquired over the prior four quarters.” The expectation was for revenue of $115.2-million according to S&P Capital IQ.

Its net loss was $743,000 or 3 cents per share versus a net loss of $76.9-million or $7.50 per share a year ago. Adjusted net income came in at $3-million or 9 cents per share versus net income of $1.6-million or 7 cents a year ago. The expectation was for adjusted EPS of 3 cents per share.

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Sprott Inc. (SII-T) reported second-quarter net income was $757,000 or 3 cents per share versus $11.7-million or 44 cents per share for the same quarter a year ago.

The company said net income was negatively impacted by “net market value depreciation of our co-investments as a result of the recent pull back in market valuations across most global asset classes as well as unrealized market value declines on the mark-to-market of certain digital gold strategies.”

Adjusted base EBITDA was $17.9-million or 71 cents per share in the quarter versus $15.5-million or 60 cents a year ago.

Assets under management were $21.9-billion as of June 30, down $1.7-billion from March 31 and up $1.5-billion from Dec. 31, 2021, the company stated.

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Seabridge Gold (SEA-T) announced that its president and chief operating officer Jay Layman has retired for personal reasons. The company said that Mr. Layman will continue to serve as a director, assisting in transitioning and mentoring two new officer appointments: Ryan Hoel, as senior vice-president and COO and Melanie Miller as vice-president and chief sustainability officer.

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Sierra Wireless, Inc. (SW-T) confirmed that it’s in advanced discussions regarding a potential transaction with Semtech Corp. (SMTC-Q) at a price of US$31 per share. The stock closed at US$24.88 on Friday.

The company said there’s no assurance that it will continue the discussions or enter into any definitive agreement regarding any transaction.

The stock closed up nearly 20 per cent on the Nasdaq on Monday, to US$29.70, amid reports of the deal. The Canadian stock market was closed Monday for a holiday.

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CWC Energy Services Corp. (CWC-X) reported record second-quarter results including revenue of $42.7-million, an increase from $16.5-million a year ago.

Net income of $2.7-million or a penny per share compared to net loss of $759,000 or nil per share a year ago.

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Algoma Steel Group Inc. (ASTL-T) announced on Saturday that the company and the negotiating committee of the union representing its hourly employees have agreed to a 15-day extension beyond the July 31 expiry of the collective agreement for the purpose of continued discussions.

“This extension demonstrates the willingness of the parties to work towards an agreement that provides fair and equitable improvements to wages and benefits and supports our collective future under the electric arc transformation,” stated Algoma CEO Michael Garcia.

On Tuesday, it announced the final results of its substantial issuer bid under which it has purchased for cancellation 41,025,641 of its common shares at price of US$9.75 each for a total of US$400-million. Shares purchased represent approximately 27.9 per cent of its issued and outstanding shares.

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