Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Alcanna Inc. (CLIQ-T) announced a $27.6-million bought-deal offering by Aurora Cannabis Inc. (ACB-T) The company announced an agreement with a syndicate of underwriters led by Cormark Securities Inc., which has agreed to purchase 9.2 million shares of the company currently held by Aurora at a price of $3 each. The stock closed at $3.19 on Tuesday.
The offered shares represent approximately 23 per cent Alcanna shares and Aurora's full stake, the company stated.
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Canopy Rivers Inc. (RIV-T) reported a net loss of $30.5-million or 16 cents per share for its fourth quarter ended March 30 versus a loss of $1.8-million or a penny per share a year ago.
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Canaccord Genuity Group Inc. (CF-T) reported revenue of $319.7-million for the fourth quarter ended March 31, up from $284.8-million a year earlier and ahead of expectations of $303.3-million.
Net income for the quarter was $21.5-million or 17 cents per share versus net income of $16.6-million or 12 cents a year earlier. Adjusted EPS was 17 cents versus 12 cents a year earlier. Analysts were expecting earnings of 18 cents per share.
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Slate Office REIT (SOT.UN-T) announced that Steve Hodgson, its current chief operating officer, has been named as CEO, effective today. Scott Antoniak, the REIT’s current CEO, will stay within Slate Asset Management “and will focus on origination of private market opportunities,” the REIT stated.
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Perseus Mining Limited (PRU-T) announced plans to buy Exore Resources Limited (ERX-A) in an all-share transaction valued at $59.8-million Australian (about $56-million Canadian).
The proposal sees Exore shareholders receive one Perseus share for every 12.79 Exore shares held.
The company said the proposal represents a 69-per-cent premium to Exore’s closing share price of A$0.062 on June 2.
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MORE TO COME
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