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.

Premier Gold Mines Limited (PG-T) announced that it has divested several non-core properties.

"A total of four transactions have resulted in eight properties and one subsidiary being sold and/or optioned for total consideration of US$2.1-million," the company stated.

Story continues below advertisement

It said the properties include the Geisler Property in the Red Lake district of Ontario, the Faymar Property in Timmins, Ont. and the Santa Teresa Property in Baja, Mexico. It also has an option agreement for the sale of Goldstone Resources Limited, the subsidiary that holds the historic Northern Empire, Leitch and Sand River Mines, as well as other exploration-staged projects in the Beardmore, Ont. region.

"As a result of these transactions, the company has also gained access to approximately US$1.23-million in cash which was previously restricted for reclamation obligations associated with the Northern Empire Mill," it stated.

**

Savaria Corp. (SIS-T) announced a $70.75-million bought-deal placement of common shares. The company said it has an agreement to sell to a syndicate of underwriters 5 million common shares at $14.15 each.

The net proceeds will be used to reduce debt, fund future growth initiatives and for general corporate purposes, the company stated.

“This financing offers Savaria new opportunities to grow and take advantage of strategic acquisitions as well as investments in the current business to maximize sales. I thank our investors for their support and participation in shaping our future growth,” stated CEO Marcel Bourassa.

**

Story continues below advertisement

North American Construction Group Ltd. (NOA-T; NOA-N) announced a 5-year “multiple-use contract” and an associated term contract with a “major” oil sands customer. “The agreement runs through December 2023 and the backlog value is expected to be approximately $400-million,” the company stated.

It said the agreement was executed within a newly formed joint venture, the Mikisew North American Limited Partnership. The joint venture partner, the Mikisew Group of Companies, is directly owned by the Mikisew Cree First Nation.

**

Park Lawn Corp. (PLC-T) announced a $25-million bought-deal offering. The company said it has an agreement with a syndicate of underwriters to issue 4,874,000 common shares at a price of $25.65 each. The stock was halted in the last hour of Monday trading, ahead of the announcement, and last traded at $27.04.

The net proceeds from the offering will be used "to repay the company’s outstanding indebtedness under its credit facility" and to fund "ongoing growth initiatives," the company stated.

**

Story continues below advertisement

Genesis Land Development Corp. (GDC-T) announced an agreement to purchase approximately 160 acres of future development land in the Calgary Metropolitan area. “The purchase is conditional on the satisfaction of a number of conditions precedent by mid-June, 2019 including, among other things, satisfactory completion of due diligence by Genesis and the finalization of a definitive purchase and sale agreement,” the company stated.

**

Inovalis Real Estate Investment Trust (INO.UN-T) announced it completed the purchase of an office property in Neu-Isenburg, Germany, known as The Trio Property, for approximately €50 million ($75-million Canadian) and including a senior bank loan of €31.2 million ($47-million Canadian) with a new 5-year, fixed-rate mortgage at 1.56 per cent. The REIT also announced the refinancing of the Metropolitain Property in downtown Paris, and the Courbevoie Property in Courbevoie.

**

TransAlta Corp. (TA-T; TAC-N) says it posted a new investor presentation on its website in which it’s cautioning shareholders that “the five dissident nominees put forward by Mangrove and Bluescape have limited public company and executive experience and do not measure up to the calibre of TransAlta’s board nominees.”

**

Story continues below advertisement

SOL Global Investments Corp. (SOL-C) announced it has taken 10.3-per-cent stake in Sacred Hemp, a Chicago-based manufacturer of premium hempseed oil-infused products including pain relief balms and oils, feminine products and massage oils. SOL Global said it will assign its position in Sacred to its hemp/CBD-focused international subsidiary, Heavenly Rx.

**

SunOpta Inc. (STKL-Q; SOY-T) announced the acquisition of Sanmark B.V., a sourcing and trading business focused on organic oils for the food, pharmacy, and cosmetic industries. Sanmark sources raw materials globally and generates most of its sales into the European and Asia-Pacific markets, the company stated.

The transaction is valued at €3.0 million on a debt-free basis, and was financed through existing credit facilities, the company stated.

Your Globe

Build your personal news feed

  1. Follow topics and authors relevant to your reading interests.
  2. Check your Following feed daily, and never miss an article. Access your Following feed from your account menu at the top right corner of every page.

Follow the author of this article:

Follow topics related to this article:

View more suggestions in Following Read more about following topics and authors
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