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.

Chemtrade Logistics Income Fund (CHE.UN-T) issued a statement Monday saying “any significant reduction of rail service resulting from the various blockades across Canada could have a material impact” on its operations.

"Given the fluid nature of the blockades and the complexity of the rail network, it’s difficult to predict the extent of rail service disruption and its impact on Chemtrade’s various sites and Chemtrade’s third party suppliers," the company stated.

Story continues below advertisement

Chemtrade said it and "many of its customers and suppliers ship most of their products by rail. In the vast majority of cases, there is no viable alternate mode of shipment."

**

Domtar Corp. (UFS-N; UFS-T) announced it was buying Appvion Operations Inc.'s Point of Sale (POS) paper business.

"The agreement includes the coater and related equipment located only at the West Carrollton, Ohio, facility as well as a license for all corresponding intellectual property," the company said in a release Friday afternoon.

**

Western Forest Products Inc. (WEF-T) announced on Feb. 15 that its hourly employees represented by United Steelworkers Local 1-1937 have voted in support of the tentative agreement to replace the collective agreement that expired on June 14, 2019. The new 5-year collective agreement is effective from June 15, 2019 and expires on June 14, 2024, the company said.

**

Story continues below advertisement

Interfor Corp. (IFP-T) announced that its chief financial officer Martin Juravsky will resign from the company effective April 30, “to pursue another opportunity with a Toronto-based publicly listed company.” Mr. Juravsky joined Interfor in 2013 and has been CFO since 2018.

**

Diversified Royalty Corp. (DIV-T) announced a $30-million bought-deal public offering. The company said that it has entered into an agreement with a syndicate of investment dealers led by Cormark Securities Inc. that have agreed to purchase 9,400,000 common shares for $3.20 each. The stock last closed at $3.30.

The company said the net proceeds will be used for "repayment of outstanding amounts under DIV's acquisition line following the completion of DIV's royalty transaction with Oxford Learning Centres, Inc., working capital and general corporate purposes, which may include the acquisition of additional royalties from DIV's existing royalty partners."

**

Park Lawn Corp. (PLC-T) announced Andrew Clark will be stepping down as chairman and CEO of the company. He will continue to work at the company until a new CEO is appointed. Paul Smith, a director of PLC for three years, will assume the role of chairman effective today, the company stated.

Story continues below advertisement

**

Alexco Resource Corp. (AXU-T) announced the sale of its environmental business, Alexco Environmental Group, to its executive management led by president Jim Harrington for about $13.4-million. AEG management paid $12.1-million in cash, with the balance of $1.25-million payable pursuant to a promissory note that matures on February 14, 2021, the company stated.

"The sale of AEG to AEG management, while retaining the benefits of the ERDC work at Keno Hill, is an important strategic step for Alexco, streamlining our business and allowing us to focus wholly on our mining and exploration endeavours," stated Alexco's chairman and CEO Clynt Nauman.

**

Victoria Gold Corp. (VIT-X) announced it has received final approval to graduate its listing from the TSX Venture Exchange to the Toronto Stock Exchange. The shares will start trading on the TSX on Wednesday.

"Victoria’s graduation to the TSX is another exciting milestone in what has been a dynamic couple of years for the company,” stated CEO John McConnell. "This up-listing to the TSX will enable us to address an even wider investor audience, both domestically and internationally. We remain focused on building shareholder value and look forward to reporting on our progress as a member of Canada's flagship stock exchange."

Story continues below advertisement

**

Hudson’s Bay Co. (HBC-T) announced that proxy advisory firms Institutional Shareholder Services, Glass Lewis, and Egan-Jones have all recommended that HBC shareholders vote for the company’s go-private transaction for $11.00 per share in cash. Shareholders will vote on the deal on Feb. 27.

**

Copper Mountain Mining Corp. (CMMC-T) announced fourth-quarter revenue was $73.7-million compared to $73.1-million for the same quarter a year earlier.

Its net loss was $35.7-million or 14 cents per share versus a loss of about $19-million or 9 cents a year ago. Adjusted earnings were $1.3-million or a penny per share versus an adjusted loss of $1.4-million or a penny per share a year earlier.

Analysts were expecting an adjusted profit of a penny per share and revenue of $72.6-million.

Story continues below advertisement

**

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