Skip to main content

Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.

Park Lawn Corp. (PLC-T) reported fourth-quarter net earnings of $2.1-million, down from $2.3-million a year earlier. Adjusted net earnings were $4.9-million or 21 cents per share, which was in line with expectations and compared to adjusted earnings of $2.8-million or 18 cents a year earlier, according to its filings on Sedar.com. Revenue for the quarter increased by 95.2 per cent to $50.6-million, which was in line with expectations and compared to $25.9-million for the same period in 2017.

**

Story continues below advertisement

Northern Dynasty Minerals Ltd. (NDM-T) announced a $3.2-milion non-brokered private placement of 3,769,476 common shares of the company at a price of 86 cents each. The proceeds are anticipated to be used for expenses associated with the Pebble Project.

**

Mediagrif Interactive Technologies Inc. (MDF-T) announced its president and CEO Claude Roy will be retiring for health reasons at the end of March. He is also stepping down as chair of the board. Chief financial officer Paul Bourque has been named the acting president and CEO.

**

Sleep Country Canada Holdings Inc. (ZZZ-T) announced that its chief financial officer Robert Masson will resign “to pursue another opportunity,” as of May 7. Mr. Masson joined Sleep Country in 2013.

**

AGF Management Limited (AGF.B-T) reported income for the three months ended Feb. 28 was $105-million, compared to $110.9-million for the same time last year. Analysts were expecting revenue of $101.3-million. Its net loss was $200,000 or nil per share versus a profit of $21.5-million or 27 cents a year ago. Adjusting for one-time items, diluted EPS was 14 cents, which was the same as a year earlier. Total assets under management increased 5 per cent to $38.8-billion compared to the same period in 2018 “driven by improved sales trajectory and growth in AGF’s alternatives business.”

Story continues below advertisement

**

Conifex Timber Inc. (CFF-T) announced an agreement to sell Lignum Forest Products LLP to Canwel Building Materials Group Ltd. (CWX-T) for US$11.5 million.

“As we worked over the past several months capturing the synergies and integrating our two acquired U.S. South mills into Conifex, it became apparent to us that Lignum’s strength in lumber marketing and distribution would be well positioned for the future under the guidance of a company with a good reputation and with a single focus on marketing forest products,” stated Ken Shields, Conifex’s CEO.

**

Cargojet Inc. (CJT-T) announced that it has entered into an agreement with a syndicate of underwriters which have agreed to purchase $100-million aggregate principal amount of listed senior unsecured hybrid debentures due April 30, 2025 at a price of $1,000 each.

The corporation said it intends to apply the net proceeds of the offering to pay down its revolving credit facility “to free up capacity to fund future anticipated capital expenditures, including the purchase of aircraft.”

Story continues below advertisement

**

Automotive Properties Real Estate Investment Trust (APR.UN-T) announced it will purchase two automotive dealership properties in Winnipeg from AutoCanada Inc. (ACQ-T) for a total purchase price of approximately $24-million.

"We are pleased to enter our second property acquisition transaction with AutoCanada, one of Canada's largest automotive retailers. We look forward to expanding our portfolio into the metropolitan Winnipeg market with these high-quality assets and further diversifying our tenant base," said Milton Lamb, CEO of the REIT.

**

McEwen Mining Inc. (MUX-N; MUX-T) announced a US$25-million registered direct offering. The company said it has “definitive agreements with an institutional investor, and certain directors and officers of the company, including Rob McEwen,” who have agreed to purchase units of the company in the offering. Each unit is priced at $1.55 and consists of a share of common stock and one-half of a warrant to purchase common stock. Each full warrant is exercisable into one share of common stock. The warrants are immediately exercisable and have a term of three years and an exercise price of $2, the company said.

McEwen Mining said it intends to use the net proceeds to fund its current mining projects and exploration prospects, for additional operating capital and for general working capital purposes.

Related topics

Report an error Editorial code of conduct
Tickers mentioned in this story
Unchecking box will stop auto data updates
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

Comments that violate our community guidelines will be removed.

Read our community guidelines here

Discussion loading ...

Cannabis pro newsletter
To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies