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A Novagold Resources Inc. drill site in the Arctic is shown in this aerial photo.

Cal Craig

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

Novagold Resources Inc. (NG-T) reported a loss of $7.4-million (U.S.) or two cents per share in the third quarter.

That compared to a loss of $6.3 million or two cents a year ago.

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Novagold said in a release that the net loss increase was "primarily due to a $1.1-million foreign exchange gain in the third quarter of 2015."

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Vail Resorts, Inc. (MTN-N) said it has received approval under the Investment Canada Act to takeover Whistler Blackcomb Holdings Inc. (WB-T).

No further regulatory approvals are required in order for the transaction to close, the company said in a release. 

The deal is expected to close on Oct. 17.

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Jaguar Mining Inc. (JAG-T) says it has entered into an earn-in agreement that gives Avanco Resources Ltd (AVB-A) up to a 100-per-cent interest in the Gurupi Project in Brazil.

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It also includes the Cipoeiro and Chega Tudo deposits which are found in a 72-kilometre trend that remains mainly unexplored, the company said in a release.

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Uni-Select Inc. (UNS-T) is buying Guelph Paint and Bumper Supplies Inc., an auto body paint refinish and supplies company in Guelph, Ont. to broaden its presence in the provincial market.

"This acquisition is in-line with our strategy to open or convert additional Canadian stores under the FinishMaster brand," CEO Henry Buckley said in a release.

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MDC Partners Inc. (MDCA-Q) says the U.S. District Court has granted its motion to dismiss a lawsuit against the company from the North Collier Fire Control and Rescue District Firefighter Pension Plan.

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"We are extremely pleased with the Court's decision," CEO Scott Kauffman said in a release.  "We defended and promptly moved to dismiss this suit because we believed strongly that the plaintiffs' allegations concerning the company's accounting practices and disclosures were without merit, and it is gratifying that the Court dismissed this class action case in its entirety."

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About the Author
Contributor

Brenda Bouw is a freelance writer and editor based in Vancouver. She has more than 20 years of experience as a business reporter, including at The Globe and Mail, The Canadian Press, the Financial Post and was executive producer at BNN (formerly ROBTv). Brenda was also part of the Globe and Mail reporting team that won the 2010 National Newspaper Award for business journalism. More

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