Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
"Following a thorough review of our organizational capabilities, we are streamlining our management team," the company stated. It said chief operating officer Jason Jaskela and vice president exploration Jonathan Grimwood are no longer with the corporation.
The company also said Kevin Olson has stepped down from the board of directors "to concentrate on his other business ventures."
In its outlook, the company said it's forecasting exploration and development expenditures of approximately $560 million for 2019.
Bird Construction (BDT-T) announced it has signed a construction management contract with Westwood Construction to build a mixed-use development in Halifax. Bird said the three-year contract will include two high rise towers and two levels of underground parking valued at $140 million. “Due to the agency nature of the contract with Bird, only the construction management services portion of the project will be added to backlog in the third quarter of 2019,” the company stated.
"Westwood Construction is a new client for Bird and we are pleased to be given this opportunity to further enhance our relationship with them and to be building a marquis project in downtown Halifax," said CEO Teri McKibbon. "This contract highlights our success in diversifying our work program and balancing the risk profile of our backlog across the country."
"The corporation had previously disclosed in the contingencies note to its quarterly financial statements, beginning in June 2018, that there was a possibility of reassessment," it stated in a release. "As part of this reassessment, the corporation intends to pay the full amount within the next two weeks in order to stop further interest from accruing." It also intends to file an appeal of the reassessment within the required regulatory timeframe.
"The acquisition of OSCARwest, along with our prior acquisitions of NerdEMR and OSCARprn will complete our acquisition of all three Chartered OSCAR providers in the province of British Columbia and will further augment our EMR market share in Canada," stated Well Health CEO Hamed Shahbazi.
Income for the three months ended Aug. 31 was $107.4-million, compared to $116.5-million a year ago. Expectations were for income of $106.9-million Earnings per share from continuing operations was 18 cents which was ahead of expectations of 14 cents and compared to 26 cents for the comparative period.
Premier Gold Mines Ltd. (PG-T) announced it has sold a package of net smelter return royalties (NSR) to Franco-Nevada Corp. (FNV-T; FNV-N) for US$6-million. The package consists of a 2% NSR on the PQ North Property, adjoining the Musselwhite Mine in Ontario, and a 1.5% NSR on the Rain/Emigrant and Saddle Properties located in Nevada, the company stated.