Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Champion Iron Limited (CIA-T) reported fourth-quarter revenues of $175.7-million, which was below expectations of $187.9-million and compared to $182.2-million a year earlier.
Net income of $18.4-million compared to net income of $28.2-million a year ago.
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Sierra Metals Inc. (SMT-T) announced the appointment of Luis Marchese as its new chief executive officer, effective June 1.
Mr. Marchese is replacing current president and CEO Igor Gonzales, who resigned effective May 31. He resigned his board seat effective May 19. Mr. Marchese will join the company's board effective immediately.
Mr. Marchese has 25 years of experience in the mining sector, mostly at Anglo American, the company stated.
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Well Health Technologies Corp. (WELL-T) announced it’s buying Indivica Inc., an OntarioMD certified electronic medical records (EMR) vendor for $6.2-million in cash and shares.
"Indivica is a pioneering OSCAR service provider who made the decision to follow its own strategic path, which lead to Indivica developing unique security and other innovations not seen in other OSCAR providers," said Arjun Kumar, WELL's chief information officer and business unit leader for the WELL EMR Group.
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Trulieve Cannabis Corp. (TRUL-C) reported first-quarter revenue of US$96.1 million, an increase from US$44.5-million a year ago and above expectations of US92.8-million.
Adjusted EBITDA of US$49.4-million compared to US$19-million a year earlier. Earnings came in at 12 cents US per share, which was in line with expectations.
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Pure Gold Mining Inc. (PGM-X) announced a non-brokered private placement of 9,868,421 charity flow-through common shares of the company at a price of $1.52 per flow-through share for gross proceeds of $15-million. It said Eric Sprott has agreed to be “the back-end buyer” of all of the flow-through shares.
“Mr. Sprott is a cornerstone investor of PureGold and continues to be a strong supporter of our vision to becoming a high margin, long-life gold producer uniquely positioned in the Red Lake camp,” said Darin Labrenz, CEO of PureGold.
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