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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.

Cara Operations Ltd. (CARA-T) says fourth-quarter system sales grew $133.8-million to $774.9-million for the 14 weeks ended Dec. 31,  as compared to 13 weeks ended Dec. 25, 2016. Total gross revenue was $225.4-million, which was ahead of expectations of $201.7-million and an increase from $175.6-million a year earlier.

Net earnings were $27.3-million or 45 cents per share versus $19.7-million or 32 cents a year earlier. The board also declared a quarterly dividend of 10.68 cents per share, an increase of 5 per cent.

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Russel Metals Inc. (RUS-T) says it has an underwriting agreement to sell, on a private placement basis, $150-million senior unsecured notes.

The company said it intends to use the net proceeds to repay debt and for general corporate purposes.

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High Arctic Energy Services Inc. (HWO-T) reported fourth-quarter revenue of $51.5-million down from $62.3-million a year earlier.

Net earnings were $3.5-million or 6 cents versus $10.9-million or 14 cents a year ago. Analysts were expecting earnings of 5 cents and revenue of $45.9-million.

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Enercare Inc. (ECI-T) announced the acquisition of four home services businesses that operate in the Houston, Dallas-Fort Worth and Tampa areas.

"These transactions are an important step in our strategic growth initiatives and reinforce our leadership position in the North American home services market," said CEO John Macdonald. "We are continuing to develop a robust acquisition pipeline, as we introduce our rental model to more Service Experts locations throughout the United States."

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Canaccord Genuity Group Inc. (CF-T) says it has added Calgary-based MLD Wealth Management Group to its Canadian Wealth Management business. "This development supports the firm's objective of growing assets under management and administration, to enhance the long-term stability of its earnings potential," the company stated.


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Neo Performance Materials Inc. (NEO-T) says its fourth-quarter revenue increased 8.4 per cent to $109.5-million from the prior-year period.  Analysts were expecting revenue of $112.2-million. Adjusted EBITDA rose to $15.6-million in the quarter on a consolidated basis, versus expectations of $14.3-million and a 13-per-cent increase from a year earlier.

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Cargojet Inc. (CJT-T) reported fourth-quarter revenues of $118.2-million, an increase of 25.6 per cent versus the previous year. Adjusted EBITDA was $37.3-million, an increase 33.7 per cent versus the previous year.

Analysts were expecting revenue of $101.8-million and adjusted EBITDA or $31.3-million.

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NuVista Energy Ltd. (NVA-T) reported revenue of $131-million in the fourth quarter up from $74.5-million a year earlier. Net earnings were $34.7-million or 20 cents per share versus earnings of $1.1-million or a penny per share a year earlier.

Analysts were expecting revenue of $122.7-million and earnings of 15 cents.

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Teranga Gold Corp. (TGZ-T) says it received a commitment letter for US$165-milion in secured debt financing for its Wahgnion Gold Project in West Africa. The commitment is from Taurus Funds Management Pty Ltd.

"Together with our cash on hand and free cash flows from our flagship Sabodala mine, we expect to have sufficient financial resources to bring Wahgnion, our second gold mine, into production and continue to advance Golden Hill through feasibility," said CEO Richard Young.

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