June 30, 2022

Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making information and on the transfer right now.

Marathon Gold Corp. (MOZ-T) stated it has bought for cancellation the historic 7.5-per-cent web revenue curiosity royalty that covers sure mineral useful resource areas on the firm’s Valentine Gold Mission in central Newfoundland.

Marathon paid $500,000 in money and issued 1,341,607 widespread shares (valued at about $4-million) at closing to the Reid Newfoundland Firm Restricted, the personal third-party vendor. Marathon has agreed to pay more money consideration of $3-million to Reid upon the formal launch of the venture from each the relevant provincial and federal environmental evaluation processes and that it may well proceed to allowing for mine development, topic to circumstances.


Dundee Corp. (DC.A-T) subsidiary Dundee Sources Ltd. has elevated its stake in SPC Nickel Corp.

The corporate stated it acquired 3,333,333 models at $0.105 every for about $350-million. Dundee stated its subsidiary, Goodman & Co Funding Counsel Inc. acquired 5,000,000 flow-through Models for $0.13 every $650-million. Every unit consists of one widespread share and one half of 1 share buy warrant exercisable at $0.18 for 18 months.

Dundee and its associates now personal a couple of 16.5-per-cent curiosity on an undiluted foundation and a 19.75-per-cent curiosity on {a partially} diluted foundation, up about 12 per cent and 12.8 per cent, respectively.


Westshore Terminals Funding Corp. (WTE-T) reported a rise in its quarterly dividend from 25 cents per share to 30 cents per share, in addition to a one-time particular dividend of $1.50 per share paid by April 15 to shareholders of report on March 31.

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The corporate additionally reported income of $84.7-million for its fourth quarter in comparison with $89.8-million for a similar interval in 2020. The expectation was for income of $92.7-million, based on S&P Capital IQ.

Revenue within the quarter decreased to $25.3-million or 40 cents per share from $30.9 million or 49 cents per share throughout the identical interval of 2020 “primarily on account of the decrease revenues and elevated bills,” it said in paperwork filed on Sedar.com. The expectation was for revenue to return in at 50 cents per share.

In a launch, the corporate stated it anticipates transport roughly 6.6 million tons within the first quarter in comparison with 7.7 million tons for a similar interval in 2021. It stated first-quarter volumes have been impacted by troublesome winter climate circumstances affecting each terminal operations and rail deliveries.


Sienna Senior Residing Inc. (SIA-T) introduced an settlement to accumulate a 50-per-cent possession curiosity in a retirement residence consisting of 186 private-pay suites in Saskatoon.

Sienna stated it’ll purchase the asset in partnership with Sabra Well being Care REIT, Inc., which is buying the opposite 50-per-cent curiosity of the asset, with Sienna performing because the supervisor of the property.

Sienna stated its share of the acquisition is roughly $36-million and shall be financed from the proceeds of its lately introduced fairness providing and a few beforehand introduced tendencies in addition to attracts on its current credit score services.


Barrick Gold Corp. (ABX-T) introduced that its curiosity in Reunion Gold Corp. (RGD-X) has decreased just under 10 per cent following the completion by Reunion of its purchased deal personal placement widespread share providing.

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Barrick stated it didn’t take part within the personal placement and continues to personal 81,150,000 widespread shares of Reunion.


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