Skip to main content

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

Chemtrade Logistics Income Fund (CHE.UN-T) issued a statement Monday saying “any significant reduction of rail service resulting from the various blockades across Canada could have a material impact” on its operations.

"Given the fluid nature of the blockades and the complexity of the rail network, it’s difficult to predict the extent of rail service disruption and its impact on Chemtrade’s various sites and Chemtrade’s third party suppliers," the company stated.

Chemtrade said it and "many of its customers and suppliers ship most of their products by rail. In the vast majority of cases, there is no viable alternate mode of shipment."

**

Domtar Corp. (UFS-N; UFS-T) announced it was buying Appvion Operations Inc.'s Point of Sale (POS) paper business.

"The agreement includes the coater and related equipment located only at the West Carrollton, Ohio, facility as well as a license for all corresponding intellectual property," the company said in a release Friday afternoon.

**

Western Forest Products Inc. (WEF-T) announced on Feb. 15 that its hourly employees represented by United Steelworkers Local 1-1937 have voted in support of the tentative agreement to replace the collective agreement that expired on June 14, 2019. The new 5-year collective agreement is effective from June 15, 2019 and expires on June 14, 2024, the company said.

**

Interfor Corp. (IFP-T) announced that its chief financial officer Martin Juravsky will resign from the company effective April 30, “to pursue another opportunity with a Toronto-based publicly listed company.” Mr. Juravsky joined Interfor in 2013 and has been CFO since 2018.

**

Diversified Royalty Corp. (DIV-T) announced a $30-million bought-deal public offering. The company said that it has entered into an agreement with a syndicate of investment dealers led by Cormark Securities Inc. that have agreed to purchase 9,400,000 common shares for $3.20 each. The stock last closed at $3.30.

The company said the net proceeds will be used for "repayment of outstanding amounts under DIV's acquisition line following the completion of DIV's royalty transaction with Oxford Learning Centres, Inc., working capital and general corporate purposes, which may include the acquisition of additional royalties from DIV's existing royalty partners."

**

Park Lawn Corp. (PLC-T) announced Andrew Clark will be stepping down as chairman and CEO of the company. He will continue to work at the company until a new CEO is appointed. Paul Smith, a director of PLC for three years, will assume the role of chairman effective today, the company stated.

**

Alexco Resource Corp. (AXU-T) announced the sale of its environmental business, Alexco Environmental Group, to its executive management led by president Jim Harrington for about $13.4-million. AEG management paid $12.1-million in cash, with the balance of $1.25-million payable pursuant to a promissory note that matures on February 14, 2021, the company stated.

"The sale of AEG to AEG management, while retaining the benefits of the ERDC work at Keno Hill, is an important strategic step for Alexco, streamlining our business and allowing us to focus wholly on our mining and exploration endeavours," stated Alexco's chairman and CEO Clynt Nauman.

**

Victoria Gold Corp. (VIT-X) announced it has received final approval to graduate its listing from the TSX Venture Exchange to the Toronto Stock Exchange. The shares will start trading on the TSX on Wednesday.

"Victoria’s graduation to the TSX is another exciting milestone in what has been a dynamic couple of years for the company,” stated CEO John McConnell. "This up-listing to the TSX will enable us to address an even wider investor audience, both domestically and internationally. We remain focused on building shareholder value and look forward to reporting on our progress as a member of Canada's flagship stock exchange."

**

Hudson’s Bay Co. (HBC-T) announced that proxy advisory firms Institutional Shareholder Services, Glass Lewis, and Egan-Jones have all recommended that HBC shareholders vote for the company’s go-private transaction for $11.00 per share in cash. Shareholders will vote on the deal on Feb. 27.

**

Copper Mountain Mining Corp. (CMMC-T) announced fourth-quarter revenue was $73.7-million compared to $73.1-million for the same quarter a year earlier.

Its net loss was $35.7-million or 14 cents per share versus a loss of about $19-million or 9 cents a year ago. Adjusted earnings were $1.3-million or a penny per share versus an adjusted loss of $1.4-million or a penny per share a year earlier.

Analysts were expecting an adjusted profit of a penny per share and revenue of $72.6-million.

**

Report an editorial error

Report a technical issue

Editorial code of conduct

Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 28/03/24 4:00pm EDT.

SymbolName% changeLast
WEF-T
Western Forest Products Inc
-1.56%0.63
IFP-T
Interfor Corp
-1.44%21.16
CHE-UN-T
Chemtrade Logistics Income Fund
0%8.49
DIV-T
Diversified Royalty Corp
+0.34%2.91
PLC-T
Park Lawn Corp
-1.42%16.7

Follow related authors and topics

Authors and topics you follow will be added to your personal news feed in Following.

Interact with The Globe