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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.

Aecon Group Inc. (ARE-T), which was blocked by Ottawa from being taken over by a Chinese state-owned company, says it has received approval to rejoin Bridging North America, the team selected as the preferred proponent to design, build, finance, operate and maintain the Gordie Howe International Bridge through a public-private partnership. “This is an important project for Canada and the United States,” said CEO John Beck.

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ATS Automation Tooling Systems Inc. (ATA-T) reported first-quarter revenue of $300-million up 14 per cent from a year ago. Net income was $16.7-million or 18 cents per share, which was in line with expectations and versus $11.5-million or 12 cents a year earlier.

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Village Farms International, Inc. (VFF-T) reported second-quarter sales of US$42-million down from US$45.5-million a year earlier. Its net loss was US$2.3-million or 5 cents per share, compared with net income of US$4.3-million, or 11 cents a year ago.

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Osisko Mining Inc. (OSK-T) is buying Beaufield Resources Inc. (BFD-X).

Under the terms of the agreement, Beaufield sharesholders would receive 0.0482 of a common share of Osisko in exchange for each Beaufield share, representing an implied offer price of 8.2 cents per Beaufield share based on Osisko's closing price as of August 14. That's a premium of approximately 54 per cent based on the 20-day volume weighted average price of both companies' common shares on the Toronto Stock Exchange and TSX Venture Exchange.

Two-thirds of Beaufield shareholders need to approve the deal at a vote expected to be held in October.

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Xtreme Drilling Corp. (XDC-T) reported revenue of $23.4-million in the second quarter as compared to $21.3-million in the previous quarter and below expectations of $25.2-million. “The increase is primarily due to higher operating days during the period,” the company stated.

Its net loss was $43.1-million or 58 cents per share versus a loss of $48.4-million or 61 cents a year ago.

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Akumin Inc. (AKU.U-T) says it has acquired 11 outpatient diagnostic imaging centers in the Tampa Bay, Florida area as well as a new center expected to start operations soon. The purchase price was US$25-million, paid in cash. “This transaction is another example of the execution of our growth strategy of identifying and closing targeted acquisitions in core geographic markets,” Riadh Zine, CEO of Akumin.

The company also announced its subsidiary, Akumin Corp., has closed credit facilities for US$130-million with a syndicate of lenders, consisting of a term loan facility for $100-million and a revolving credit facility for US$30-million.

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Park Lawn Corp. (PLC-T) said its second-quarter revenue increased to $40.3-million as compared to $20.1-million in the second quarter of 2017 and slightly ahead of expectations of $39.7-million. Its net loss was $435,849 or 2.1 cents per share compared to $812,444 or 7.2 cents a year ago.

Adjusted net earnings attributable to PLC shareholders more than doubled to $3.7-million or 18 cents per share from $1.8-million or 16 cents a year earlier. Analysts were expecting adjusted EPS of 21 cents.

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Dream Unlimited Corp. (DRM-T) reported consolidated second-quarter revenues of $53.1-million up from $45.5-million a year ago. Its consolidated loss was $26.9-million or 25 cents per share versus income of $2-million or 2 cents a year ago.

Not including Dream Alternatives, its earnings were $15.5-million or 14 cents versus a profit of $2.7-million or 2 cents a year earlier and revenue was $48.8-million up from $45.4-million.

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Birchcliff Energy Ltd. (BIR-T) reported adjusted funds flow of $72.4-million in the second quarter an 18-per-cent decrease in the second quarter of 2017. Net income to common shareholders of $6.4-million or 2 cents per share was down from $17-million and 6 cents in the second quarter of 2017. Analysts were expecting EPS of 4 cents.

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Invesque Inc. (IVQ.U-T) reported second-quarter revenue of US$29.3-million up from US$16.1-million a year ago. Net income was US$10.5-million versus US$4.7-million. Funds from operations came in at US$15-million or 29 cents versus $7.7-million or 24 cents a year earlier.

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Canacol Energy Ltd. (CNE-T) reported total petroleum and natural gas revenues of US$57.2-million in the second quarter compared to US$37.3-million a year earlier.

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Adjusted funds from operations increased 19 per cent to US$28.8 million. Its net loss was US$26-million or 15 cents per share compared to net income of US$11.8-million or 7 cents a year ago.

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Timbercreek Financial (TF-T) reported net investment income of $23.5-million in the second quarter, which was in line with expectations and up from $21.4-million a year earlier. Net income was $12.4-million or 16 cents per share, compared to $13.1-million or 18 cents a year ago. The expectation was for 17 cents per share.

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