Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Vitalhub Corp. (VHI-T) announced a $17.5-million bought deal offering. The company said it has an agreement with Cormark Securities Inc. and Eight Capital acting as co-lead underwriters, on behalf of a syndicate of underwriters that will buy 5,645,200 shares for $3.10 each.
The net proceeds will be used for growth initiatives, working capital and general corporate purposes, the company stated.
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Boat Rocker Media Inc. (BRMI-T) reported fourth-quarter revenue of $262.5-million versus $55.6-million in the fourth quarter of 2020. The expectation was for revenue of $292.9-million, according to S&P Capital IQ estimates.
Net income was $3.5-million, compared with a net loss of $400,000.
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Anaergia Inc. (ANRG-T) announced a $60-million bought-deal offering. The company, which provides solutions for renewable energy generation and conversion of waste to resources, said it has entered into an agreement to sell 4.8 million subordinate voting shares for $12.50 each to a syndicate of underwriters led by TD Securities Inc.
As part of the offering, chair and CEO Andrew Benedek has agreed to purchase approximately $5-million of the shares.
The company said it intends to use the net proceeds to fund its growth strategy, including the development of build-own-operate assets in its development pipeline.
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Taseko Mines Ltd. (TKO-T) announced a new 706-million ton proven and probable sulphide reserve for the Gibraltar Mine, which it said is a 40-per-cent increase as of Dec. 31.
“The new reserve estimate allows for a significant extension of the mine life to 23 years with total recoverable metal of three billion pounds of copper and 53 million pounds of molybdenum,” the company stated.
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Rogers Sugar Inc. (RSI-T) issued a release after markets closed on Wednesday saying it welcomed a decision by the Canada Border Services Agency (CBSA) to maintain anti-dumping and countervailing duties on excess and subsidized sugar imported into Canada.
Earlier in the day, the company said CBSA issued a notice of the conclusion of its re-investigation concerning dumped sugar from the U.S., Denmark, Germany, the Netherlands and the U.K. and subsidized sugar from the European Union (EU).
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Well Health Technologies Corp. (WELL-T) reported record quarterly revenues of $115.7-million in the fourth quarter, which it said was a 573-per-cent year-over-year. The result was above expectations of $113.4-million.
Adjusted net income was $5.3-million or 3 cents per share versus $2.4-million or 2 cents a year earlier, the company stated.
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CloudMD Software & Services Inc. (DOC-X) announced that approximately $7.5 million of annualized run-rate costs have been eliminated from the organization as part of a restructuring. The company said the amount exceeds the expected $4-million in cost savings it previously disclosed.
As part of the reorganization, the company said its chief operating officer Kanchan Thindal has stepped down and president Karen Adams will take over those responsibilities.
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VersaBank (VBNK-T) announced an agreement with its first point-of-sale finance partner in the U.S, which it said is a large North American commercial transportation financing business focused on independent owner/operators.
VersaBank said it collaborated with Securcor Financial Group on origination and structuring of the transaction.
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CubicFarm Systems Corp. (CUB-T) reported a fourth-quarter net loss of $11.3-million, a 77-per-cent increase from the same period a year ago.
Revenue was $819,195 in the quarter. The company said it currently has a total of 203 modules pending installation. System sales pending manufacturing and installation are valued at approximately US$27.4-million, it stated.
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