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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.

Iamgold Corp. (IMG-T) announced that its president and CEO Gordon Stothart has stepped down from those roles and resigned from the board.

“The board has engaged an executive search firm to immediately conduct a search for Iamgold’s next leader,” the company stated.

It said chief financial officer Daniella Dimitrov has been appointed president and interim CEO, effective immediately.

“Mr. Stothart will remain with the company in an advisory capacity as required to support the transition as well as the development of Côté Gold,” the company stated.


Charlotte’s Web Holdings, Inc. (CWEB-T) announced that it has completed a reorganization “to drive agility and growth” as it readies to launch new products and into new markets “with intent to return to positive cash flow in 2022. "

CEO Jacques Tortoroli said the company has “flattened” its organizational structure to become more like the “entrepreneurial culture that Charlotte’s Web was founded upon.”

The changes include reducing costs and tying compensation “more to equity growth to better align with shareholder interests and accelerate our return to positive cash flow in 2022.”

The company also said it has stopped equity distributions through its at-the-market equity program established last June.


InPlay Oil Corp. (IPO-T) announced a $58-million capital program for 2022, which the company said is forecasted to deliver average production of between 8,900 to 9,400 barrels of oil equivalent per day.

“InPlay enters 2022 in the strongest position in the company’s history following a highly successful 2021, which saw the company achieve record levels of annual production, adjusted funds flow and free adjusted funds flow while also exiting the year at its lowest ever net debt to earnings before interest, taxes and depletion level,” the company stated.


Nomad Royalty Company Ltd. (NSR-T) announced a $40-million bought deal financing. It said it has an agreement with a syndicate of underwriters led by BMO Capital Markets to buy 4.4 million shares for $9.10 each.

The company said the net proceeds of the offering will be used to support its recently announced acquisitions of streams on the Greenstone Gold project and the Platreef palladium-rhodium-platinum-nickel-copper-gold project, and for general corporate purposes.


Sierra Metals Inc. (SMT-T) announced a fatality as a result of an accident at its Bolivar Mine in Mexico on Jan. 10.

“The injured party was evacuated to medical facilities in Cuauhtemoc where the injured party was later pronounced deceased following medical complications,” the company stated. There were no other injuries related to the accident.

The company said the “appropriate government and local authorities have been notified” and that an investigation into the accident has been initiated “to determine the cause and appropriate corrective action.”


McEwen Mining Inc. (MUX-T) announced that its chief financial officer Anna Ladd-Kruger is temporarily on leave for health reasons.

“She is expected to return to regular duties in the near future,” the company stated, adding that other executive officers of the company will assume her duties until further notice.


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