BTB Real Estate Investment Trust announced that it has now closed the acquisition of three industrial properties in the cities of Laval and Montreal for a total purchase price of $14.7-million, excluding closing costs. With the conclusion of this acquisition, BTB has now closed over $364-million worth of properties representing over 3.4 million square feet of leasable area.
Paragon Pharmacies Limited reported a net loss for the second quarter of $0.047-million, compared to $0.638-million in the same period last year, a decrease in the net loss of $0.591-million or 92.6 per cent. This decrease in the net loss is primarily due to stronger EBITDA results and a reduction in depreciation and amortization.
Oroco Resource Corp. reported results from the 2011 and 2012 expanded exploration drill program at its Cerro Prieto Project in northern Sonora State, Mexico.
Conway Resources Inc. , which is trading near a year low 3 cents, announced that Laurent Beaudoin, Conway's founder and Chairman of the Board of Directors, is returning to his position as President and Chief Executive Officer to replace Francois Kalos, who has resigned as President, Chief Executive Officer and a director of the corporation.
AeroMechanical Services Ltd. announced today that it has signed a contract with the Nigerian Civil Aviation Authority to provide a Safety Management System Dashboard. AMA will provide equipment, services and training to the NCAA over a five-year contract. When AMA completes installation, the gross revenue to AMA will be approximately $406,525 (U.S.).
Marathon Gold Corporation announced today the resource estimate report on the Golden Chest Mine. Phillip Walford, CEO, said: "Marathon is having great success at the Golden Chest Mine. The results of the initial Resource Estimate, which were based on last year's 10,000 metre drilling program, confirm that there is significant potential for this to be a sizeable deposit."
Immunovaccine Inc. which climbed nearly 14 per cent at yesterday's close, announced today its financial results for the year ended Dec. 31, 2011. The vaccine development company said net loss increased from $5.7-million to a loss of $6.8-million. Cash resources were $5-million and identified additional potential cash resources of $2-million.
H2O Innovation Inc. announced today that it was recently awarded $3.1-million in new contracts, for which it will provide custom-built water treatment systems and equipment to industrial and municipal end-users in the United States and Canada.