Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Liberty Health Sciences Inc. (LHS-C) announced the sale, through its subsidiaries, of certain of its assets in Florida and substantially all of its assets in Ohio for US$14.75-million to an arm’s length purchaser.
Liberty said it has shifted its focus to its campus in Gainesville, Florida. "Our primary focus has been on expanding Liberty 360 facility located in Gainesville," said Victor Mancebo, interim CEO of Liberty.
Maxar Technologies Inc. (MAXR-N; MAXR-T) announced that its MDA division has been awarded two contracts from the Canadian Space Agency for work on Phase A of the Gateway External Robotic Interfaces project. “MDA is proud to continue our legacy of working with the Canadian Space Agency and its international partners to design, build and deploy robotic systems in support of space exploration missions,” said Mike Greenley, group president of MDA.
Morneau Shepell Inc. (MSI-T) announced Grier Colter has been appointed the company’s chief financial officer and executive vice president, effective Oct. 1. With Colter’s appointment, Scott Milligan will move to a role as chief corporate officer and executive vice president, the company stated.
Transat A.T. Inc. (TRZ-T) issued a statement to confirm that it has taken note of Pierre Karl Péladeau’s Monday announcement that he will vote against the arrangement for Air Canada to take over the company and consider making a separate offer with partners if the deal fails. “Transat notes that pursuant to this press release, no offer to acquire Transat has been made by Mr. Péladeau or any of his business associates,” the company stated while reiterating its support for the Air Canada offer.
AgraFlora Organics International Inc. (AGRA-C) announced an agreement to acquire 50 per-cent of the issued and outstanding shares of Eurasia Infused Cosmetics Inc. “AgraFlora and Eurasia will collaborate to integrate the company’s vertically integrated, farm-to-face CBD processing, manufacturing and distribution model into the Asia Pacific region,” the company stated.
AgraFlora will acquire the stake in exchange for 15 million common shares in the capital of the company, based upon the five-day volume-weighted average price of AgraFlora common shares for the five trading sessions prior to the announcement of the definitive agreement.
K92 Mining Inc. (KNT-X) issued a statement to update to shareholders regarding the trading activity of its common shares on the TSX Venture Exchange and OTCQX on Aug. 19. The stock closed down 18 per cent to $2.09 on Monday.
"K92 is aware of various media reports on recent negotiations between Barrick Gold Corporation and the Government of Papua New Guinea relating to the renewal of the special mining lease for the Porgera Mine," the company stated. "While K92 is not a party to those negotiations and has no affiliations with the Porgera Mine, K92 believes that some of these reports may have inadvertently caused some confusion and contributed to recent volatility in the company’s share price.
K92’s mining lease and license for mining purpose are not subject to any renewal discussion, the company stated, “and are not due for renewal until June 13, 2024, at which time the Company has the right to renew the mining leases subject to Papua New Guinea mining regulations.”