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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.

Extendicare Inc. (EXE-T) is raising $110-million in a bought-deal offering. It has an agreement with a syndicate of underwriters to issue to the public $110-million in convertible unsecured subordinated debentures.

The net proceeds will be used to partially fund the redemption outstanding convertible unsecured subordinated debentures due on Sept. 30, 2019, the company said.

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Canacol Energy Ltd. (CNE-T) reported a net loss of $150.3-million in the fourth quarter, compared to a net income of $20.3-million for the same period in 2016.

Total petroleum and natural gas revenues were $42.1-million, which was the same as compared to the same period in 2016.

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SIR Royalty Income Fund (SRV.UN-T) reported revenue from corporate restaurant operations of $66.2-million in the second quarter, compared to $62.4-million for the second quarter a year earlier.

SIR’s net income was $8-million compared to a net loss of $9.9-million a year ago,

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Delta 9 Cannabis Inc. (NINE-X) says it signed a non-binding letter of intent (LOI) with CanPharma GMBH and Global Group Kalapa S.L. for the exportation of medical cannabis to Germany.

Under the LOI, Delta 9 has agreed to export a minimum of 40 kilograms of cannabis a month and an additional amount of cannabis extracts to CanPharma for sale to medical cannabis patients in Germany. “The agreement would also commit Delta 9 to provide additional cannabis for the German market in such amounts as may be mutually agreed by the parties,” the company said. “The LOI is a first step in establishing a binding formal export agreement with Kalapa and CanPharma.”

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Ballard Power Systems (BLDP-Q; BLDP-T) says its Protonex subsidiary has received a $1.9-million follow-on purchase order for the supply of SPM-622 Squad Power Manager Kits to support U.S. Army Security Force Assistance Brigades (SFAB).

“This follow-on order ... supports the mission of the U.S. Army’s Security Force Assistance Brigades,” said Ray Summers, Protonex director of military sales. “The SFAB’s work is critical in supporting partner training in austere environments and the U.S. Army’s focus on these field forces is contributing to the growing demand for power management solutions.”

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Nexus Real Estate Investment Trust (NXR.UN-X) says it has conditional agreements to acquire three industrial properties in Western Canada for a total of $64-million. The deal will be partially satisfied by the issuing $22.7-million units at $2.10 each.

The REIT said it has also entered into conditional agreements for the sale of two non-core properties in Kelowna, B.C. and Yellowknife, NWT for $11.3-million.

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Premier Gold Mines Ltd. (PG-T) reported fourth-quarter revenue of $36.9-million up from $29.7-million a year ago.

Its net loss was $2-million or a penny per share versus a loss of $1.5-million or a penny per share a year earlier. Analysts were expecting a loss of 2 cents in the most recent quarter.

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Crius Energy Trust (KWH-UN-T) says it has has received the announcement by JCP Investment Management, LLC regarding its intention to nominate its hand-picked nominees to the board at the next annual meeting.

“While the announcement contains a number of inaccuracies, the board is reviewing the announcement and will respond in due course. Unitholders are not required to take any action at this time,” the company said. “Despite the unnecessary time and money that JCP’s action will require, the board remains focused on continuing to deliver on its plan to maximize value for all unitholders.”

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Mag Silver Corp. (MAG-T) reported fourth-quarter revenue of US$517,000 versus US$351,000 a year earlier. Its net loss was US$4.1-million or 5 cents per share versus a loss of US$50.3-million or 62 cents a year earlier. Analysts were expecting a loss of 2 cents in the most recent quarter.

“There was no exploration and evaluation impairment for the current quarter ended Dec. 31, 2017, whereas in the 2016 comparative quarter, the company recognized impairments on its Cinco de Mayo and Guigui projects,” the company said in its MD&A documents on Sedar.

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Blackbird Energy Inc. (BBI-X) reported revenue of $6-million in the second quarter ended Jan. 31, up from $110,000 a year earlier.

Its net loss came in at $1.7-million or nil per share which was in line with expectations and compared to a loss of $4.9-million or a penny per share a year earlier.

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Titan Medical Inc. (TMD-T) says it has been granted a U.S. patent for robotic surgical instruments.

“We are pleased to report the granting of this key patent as it further strengthens Titan’s intellectual property position in single-port robotic surgery,” the company stated.

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Golden Leaf Holdings Ltd. (GLH-CN) says it has signed a letter of intent with private equity firm BlackShire Capital Corp. to launch the Chalice Farms franchise model. “This would be one of the first franchising deals of its kind in the cannabis space,” the company stated.

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