CE Franklin Ltd. , which lost 5.5 per cent on Monday, said its Board of Directors and a Special Committee of the Board of Directors have decided it is in the best interest of CE Franklin and all shareholders to formally commence a strategic review process. It didn't provide any more details.
Sprott Power Corp. announced the substantial completion of its Amherst wind power project in Cumberland County, Nova Scotia. Its Board of Directors has approved an increase of its quarterly dividend to $0.01325 per share from $0.01 per share effective with the dividend declaration for the second quarter at the end of June, 2012. The dividend increase represents a 32.5 per cent increase to an annual $0.053 cash dividend, payable quarterly.
Vuzix Corporation , which closed down nearly 20 per cent yesterday, said for the 12-month period ending Dec. 31, 2011, revenues were $13.1-million (U.S.) versus $12.3-million in 2010, a rise of 6.5 per cent. The net loss for the twelve-month period decreased to $3.88-million or $0.0147 per share versus a net loss of $4.56-million or $0.0173 per share for 2010.
Westbridge Energy Corp. says it plans to buy rights to a prospective Namibian offshore oil property in a share-and-cash deal valued at $5-million.
Medicago Inc. announced today the successful completion of its research collaboration agreement with a top 10 global pharmaceutical company. Under the terms of the agreement, Medicago is applying its transient expression system to develop a VLP vaccine candidate for an undisclosed target. The company has received payments following the successful completion of all milestones related to the research collaboration.
Lara Exploration Ltd. , which closed down by one cent yesterday announced today that it has acquired 19,240 hectares of claims and exploration licenses. The company said the claims and licenses cover gabbroic intrusives that are host to direct shipping grade magnetite mineralization with significant vanadium content.
Exchange Income Corporation that nearly touched session lows at yesterday's close announced today that its Directors have declared eligible dividends totaling $0.135 per share for the month ended April 30, 2012. The dividend is payable May 15, 2012 to shareholders of record at the close of business on April 30, 2012.
Hana Mining Ltd. has reported the most recent drilling results from the Banana Zone at the Copper-Silver Project in Botswana. The company said the latest results continue to confirm the continuity of copper-silver mineralization at the South Limb Definition area of the Banana Zone.
Brigus Gold Corp. said that exploration drilling on the southern portion of the Black Fox Complex continues to return high-grade gold assays from the 147 Zone. Howard Bird, Brigus VP Exploration, said: "The ongoing drill program on the 147 Zone continues to deliver impressive results that expand and further confirm the continuity of this high grade gold zone."