Our roundup of Canadian small-caps of between $100-million and $3-billion in market capitalization making news
New Gold Inc. (NGD-T) announced the appointment of Patrick Godin as president and CEO, effective immediately. Mr. Godin succeeds Renaud Adams, who has served as CEO since September 2018.
Mr. Godin has been New Gold’s executive vice-president and chief operating officer since his appointment in May. Mr. Godin has been appointed to the board and Mr. Adams has stepped down as a director of the company, effective today, the company stated.
Converge Technology Solutions Corp. (CTS-T) announced that its board has formed a special committee of independent directors to review options to unlock shareholder value.
“In response to expressions of interest that have been received by the company, the special committee will evaluate a full range of strategic alternatives, including a sale, merger, divestiture, recapitalization, other strategic transaction, or continuing to operate as a public company,” the company stated.
Flagship Communities Real Estate Investment Trust (MHC-UN-T) announced it will acquire a resort-style Manufactured Housing Community (MHC) in Ohio for about US$7.8-million.
“This is our second major acquisition of a resort-style MHC in northern Ohio,” said CEO Kurt Keeney.