SunOpta Inc. , which closed 1.5 per cent higher yesterday, announced today that it has signed a definitive agreement to sell its Canadian natural health products distribution business to an affiliate of Banyan Capital Partners. The transaction, valued at $14.7-million, before transaction costs, is expected to close early in June, 2012.
PetroNova Inc. , which almost hit year lows yesterday, announced today its operational and financial results for the quarter ended March 31, 2012. Revenues came in at $52,907 compared to $81,655 in the previous year. Net loss was $978,946 versus last year's $2.8-million. Cash and equivalents and short-term investments amounted to $27.8-million, down from last year's $52-million.
Williams Creek Gold Ltd. today announced financial results for the fiscal year ended Jan. 31, 2012. The company said comprehensive loss was $500,776 compared to comprehensive income of $692,594 for the fiscal year ended Jan. 31, 2011. Cash and cash equivalents, investments held for trading, as well as a long-term investment, amounted to $5.9-million, as compared to $7.3-million.
Garda World Security Corp. , which closed yesterday's session 1.5 per cent higher, announced today its financial results for the first quarter ended April 30, 2012. Revenue went up 12.1 per cent to $321-million. Net income also went up by 39 per cent to $6.3-million or $0.20 per share. The company recorded strong cash flow from operations of $35.5-million, an increase of 21.3 per cent.
Heroux-Devtek Inc. said fourth-quarter net income increased 12.1 per cent to $9-million, or $0.29 per share, fully diluted, from $8-million, or $0.26 per share, fully diluted, a year ago.
Cline Mining Corp. entered into an agreement with the Department of Wildlife of the State of Colorado significantly extending its present DOW coal mining property area at its New Elk coal mine in Las Animas County, southern Colorado.
TriOil Resources Ltd. , which rose more than 4 per cent on Thursday, announced its 2012 first-quarter results, three light oil results and confirmed its 2012 guidance.
GobiMin Inc. reported a net loss for the first quarter of $0.3-million compared to $0.8-million in the previous corresponding period.
Porto Energy Corp. , which is trading near a year low 6 cents, announced that it has secured a 100 per cent working interest in two new concessions in Portugal. The company also announced it received approval from the Portuguese oil and gas authority for its modified 2012 work program.
Online Energy Inc. , which almost hit year lows yesterday, announced today its financial results for the three months ended March 31, 2012. Net loss amounted to $531,015 compared to the previous year's $979,910. Petroleum and natural gas sales came in at $1-million versus $712,521 in the previous year.