Ballard Signs MOU with Van Hool for Further Zero Emission Fuel Cell Bus Deployments
Ballard Power Systems (NASDAQ:BLDP )(TSX:BLD.TO) has announced the signing of a non-binding Memorandum of Understanding (MOU) with Van Hool NV, Europe's fourth largest bus manufacturer, in support of the manufacture and further deployment of zero emission fuel cell buses.
By February 2014 the companies plan to jointly respond to last week's call for proposals under the EU Hydrogen Fuel Cell Joint Undertaking, and also plan to jointly respond to other future calls for proposals under the Horizon 2020 program.
Medifocus Inc. Announces Record 294% Increase in Q2/FY 2014 Revenue
Revenue for the First Six Months in FY 2014 Reaches CN$2.55M, a 40% Increase Over Total Revenue in FY 2013
Medifocus, Inc. (OTCQX: MDFZF), (TSX VENTURE: MFS) (Medifocus or the Company), a leader in the use of focused microwave energy to treat cancer and other tumors, is pleased to announce its financial results for the three and six month periods of fiscal 2014 ending September 30, 2013.
Revenue for the second quarter of fiscal 2014 ending September 30, 2013 was CN$1.23M compared to revenue of CN$313,281 in the second quarter of fiscal 2013, representing a 294% increase. Revenue for the six months ending September 30, 2013 reached a record CN$2.55M, representing a 40% increase over total revenue in fiscal year 2013 of CN$1.81M. The revenue increase for both periods reflects the continued successful rollout and strong market acceptance of the Company's Prolieve® Thermodilatation System for treatment of Benign Prostatic Hyperplasia (BPH).
Pretium Resources Inc.: Bulk Sample Surpasses Target of 4,000 Ounces of Gold; Processing Continues
Pretium Resources Inc. (PVG.TO)(PVG) ("Pretivm") is pleased to report that 4,215 ounces of gold have been produced from 8,090 dry tonnes of excavated material from the Valley of the Kings Bulk Sample Program (the "Program"). Approximately 1,815 wet tonnes remain to be processed. The preliminary mill results to date are shown in Table 1 below.
Table 1: Preliminary Mill Results from Processing (at November 20, 2013)Tonnes Milled (Dry) Gold Ounces Gravity Concentrate Gold Ounces Flotation Concentrate Gold Ounces Tailings Total Contained Gold Ounces Total Contained Silver Ounces 8,090 2,542 1,588 85 4,215 3,593
CEPSA to Acquire Coastal Energy Company for C$19.00 Per Share
Delivers Significant and Immediate Value to Coastal Energy Shareholders
Coastal Energy Company ("Coastal" or the "Company") (CEN.TO) (CEO.L) announced today that it has entered into a definitive merger agreement providing for the acquisition by Companyia Espanyola de Petroleos, S.A.U. ("CEPSA") of all of the issued and outstanding shares of Coastal at a price of C$19.00 per common share in cash. The purchase price represents a premium of 28% to the closing price of the Company's common shares on the TSX on November 18, 2013. The purchaser is a newly-incorporated CEPSA controlled entity in which Strategic Resources (Global) Limited ("SRG") is an investor. The proposed transaction has an aggregate value of approximately C$2.3 billion including the assumption of C$51 million of net debt. The transaction, which will be completed by way of statutory merger, is expected to close in the first quarter of 2014.
Patheon Inc. to be Taken Private for US$9.32 per Share in Cash
Patheon Inc. (TSX:PTI.TO) ("Patheon") today announced that it has entered into an arrangement agreement (the "Arrangement Agreement") with JLL/Delta Patheon Holdings, L.P., a limited partnership ("Newco") under which Patheon would be taken private pursuant to a court-approved plan of arrangement (the "Arrangement") under the Canada Business Corporations Act. Newco is sponsored by an entity controlled by JLL Partners, Inc. ("JLL") and Koninklijke DSM N.V. ("DSM"). Affiliates of JLL currently own 55.7% of the restricted voting shares of Patheon and all of the outstanding class I preferred shares, series D of Patheon (the "Preferred Shares").
"Supermajor" Oil Company Selects Redline Communications for Field Wireless Networking
Redline Communications (www.rdlcom.com Group Inc. TSX: RDL), a leading provider of broadband wireless solutions for machine-to-machine (M2M) communications announced today that its portfolio of Virtual Fiber™ rugged wireless broadband network systems has been selected by one of the 5 largest publicly-owned global oil and gas companies, collectively known as the "supermajors," for its oilfield wide area networks.
"Oil and gas companies are demanding when it comes to their mission critical infrastructure, so it's a significant accomplishment to have proven in their fields that we can meet all their networking needs," said Robert Williams, interim CEO of Redline. "It's a tremendous vote of confidence in our company, our research and development team and our equipment to have this multinational company select our technology.
Mitel and Aastra Announce Plan to Merge
Combination creates a billion dollar company with a global installed base and the technology and scale to migrate those customers, and the broader market, to cloud based solutions.US$1.1 billion total revenue US$100 million cloud business Global customer base of 60 million end users #1 market share in Western Europe Competitive solutions portfolio to address businesses of any size Attractive synergies expected within first 24 months Accelerated path to further de-leverage the business
Mitel Networks Corporation (MITL) (MNW.TO), a leading provider of cloud and premises-based unified communications software solutions, and Aastra Technologies Limited (AAH.TO), a leader in enterprise communications, today announced that they have entered into a definitive arrangement agreement unanimously approved by the Boards of Directors of both companies, under which Mitel will acquire all of the outstanding Aastra common shares for US$6.52 in cash plus 3.6 Mitel common shares per each Aastra common share
Talisman Energy Announces $1.5 Billion All Cash Sale for Portion of Montney Position
Talisman Energy Inc. (Talisman) (TLM.TO)(TLM) announced that it has reached an agreement to sell part of its Montney acreage in northeast British Columbia to Progress Energy Canada Ltd. for a total cash consideration of CDN$1.5 billion.75% (~127,000 net acres) of Talisman's Montney position in the Farrell Creek and Cypress areas of British Columbia. 65 mmcfe/d of Farrell Creek production as of Oct 1, 2013, which is expected to increase in the fourth quarter as we conclude the 2013 completion program, and associated facilities. CDN$800 million of remaining third party capital carry estimated at 2013 year end (~CDN$870 million at effective date October 1, 2013).
Advanced Proteome Therapeutics Corporation Advances Anti-Cancer Program
Advanced Proteome Therapeutics Corporation ("APC" or the "Company") (TSX VENTURE:APC) is pleased to announce the achievement of an important milestone in its anti-cancer program with its collaborators by demonstrating that the first of a series of the Company's site-specifically labeled protein conjugates binds tightly to specific tumor cells and concentrates in tumor tissue, when administered intravenously, in animals. We have also demonstrated that the protein itself retards the growth of established tumors in animals. These results provide a basis for augmenting the protein's fundamental anti-cancer activity with additional entities, such as chemotherapeutics and/or other targeting entities. In addition, initial studies indicate that the Company has discovered a novel method for substantially increasing the affinity of the protein toward such cancer cells, with potential for yielding superior, first in its class, anti-cancer therapeutics.
ARC Resources Ltd. announces a $915 million capital program targeting 17 per cent growth in production in 2014
ARC Resources Ltd. ("ARC") announced today that its Board of Directors has approved a $915 million capital program for 2014 directed at high value oil and liquids-rich gas plays and investment in its low cost Montney gas assets. ARC expects annual average production growth of approximately 17 per cent in 2014.
Myron Stadnyk, ARC's President and Chief Executive Officer, said, "With a clear line of sight toward future value creation, we are building a long-term sustainable business on the back of our world class assets while continuing to pay a meaningful dividend to our shareholders.
Pacific Rubiales receives environmental licences for the CPE-6 and Guama E&P blocks, allowing for the advancement of exploration and development activities
Pacific Rubiales Energy Corp. (TSX: PRE) (BVC:PREC) (BOVESPA:PREB) is pleased to announce that it has received the environmental licences from the Colombian environmental authority, Autoridad Nacional de Licencias Ambientales ("ANLA"), required to advance its planned exploration and development activities in both the CPE-6 and Guama E&P blocks, located in Colombia.
The CPE-6 E&P block covers an area of approximately 593 thousand acres in the southern Llanos Basin and lies along the heavy oil trend approximately 70 kilometers southwest of the Company's operated Rubiales/Quifa SW giant oil field complex. Pacific Rubiales has a 50% working interest and is operator of the block. Talisman (Colombia) Oil and Gas Ltd., a wholly owned subsidiary of Talisman Energy Inc. (TSX:TLM.TO ) holds the remaining 50% working interest.
Resverlogix Announces Two New Findings from the ASSURE Trial Relating to Inflammation and Plaque Vulnerability
"RVX-208 lowers Inflammation and MACE Events while Regressing Atheroma in High Risk CVD Patients"
Resverlogix Corp. (TSX:RVX) today announced two additional results from the ongoing analysis of its Phase 2b ASSURE clinical trial using intravascular ultrasound (IVUS) to study high-risk cardiovascular disease (CVD) patients for assessing benefits of RVX-208. This lead molecule is a member of a new class of compounds that affects cellular epigenetics by specifically inhibiting a BET protein leading to enhanced apoA-I gene transcription and the creation of functional HDL particles for treating atherosclerotic CVD. Since the completion of the ASSURE trial the continued analysis of the data have yielded two new findings that detail the effects of RVX-208 on vascular inflammation and virtual histology.
Norbord Reports Third Quarter 2013 Results
Note: Financial references in US dollars unless otherwise indicated.
Q3 2013 HIGHLIGHTSEarnings per share of $0.50 diluted ($0.51 basic) EBITDA of $45 million North American shipment volumes to new home construction sector increased 25% year-to-date - reflecting the continuing US housing recovery European markets continue to strengthen - OSB, particleboard prices up 8% year-over-year Declared quarterly dividend of CAD $0.60 per share
Norbord Inc. (TSX: NBD, NBD.WT) today reported EBITDA of $45 million in the third quarter of 2013, compared to $66 million in the same quarter last year and $102 million in the second quarter of 2013. North American operations generated EBITDA of $36 million in the quarter versus $58 million last year and $92 million in the prior quarter. European operations generated EBITDA of $12 million in both the third and second quarters of 2013 versus $10 million in the third quarter last year.
Copper Mountain announces third quarter 2013 results
Copper Mountain Mining Corporation (TSX:CUM.TO - News) (the "Company" or "Copper Mountain") announces revenues of $67.6 million after pricing adjustments and treatment charges for the three months ended September 30, 2013.
WiLAN to Explore Strategic Alternatives
Wi-LAN Inc. ("WiLAN" or the "Company") (WIN.TO)(WILN) today announced that its Board of Directors has initiated a process to explore and evaluate a broad range of strategic alternatives for the Company to enhance shareholder value.
The Company strongly believes in its current business strategy but does not believe that its current share price accurately reflects its strong balance sheet, the value of its signed license agreements, its business prospects or the residual value of its broad intellectual property portfolio.
Strategic alternatives to be considered may include changes to the Company's dividend policy or other forms of return of capital to shareholders, the acquisition or disposition of assets, joint ventures, the sale of the Company, alternative operating models or continuing with the current business plan, among other potential alternatives.
Asanko's Esaase Gold Project Fully Funded With $150m Debt Facility
Highlights: - Definitive Loan Agreement signed with Red Kite for secured debt facility of up to $150 million - Combined with the current cash on-hand of $185 million , Esaase Gold Project fully financed - No hedging, cash sweep or limitations on the Company's growth strategy - Definitive Feasibility Study and permitting remain on track for completion during Q4 2013 - Front End Engineering and Design program to commence immediately - Steady state production of 200,000 ounces per year targeted by Q4 2015
Asanko Gold Inc. ("Asanko" or the "Company") (AKG.TO)(NYSE MKT:AKG) is pleased to announce it has entered into a Definitive Senior Facilities Agreement (the "Agreement") with a special purpose vehicle of Red Kite Mine Finance Trust I ("Red Kite") to provide a secured project debt facility for a total of $150 million (all figures United States dollars).
Agnico Eagle reports third quarter 2013 results - Strong operational performance leads to record quarterly gold production and positive revision to 2013 guidance
(All amounts expressed in United States dollars unless otherwise noted)
Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM) ("Agnico Eagle" or the "Company") today reported quarterly net income of $47.3 million, or $0.27 per share for the third quarter of 2013. This result includes a non-cash foreign currency translation loss of $6.5 million ($0.04 per share), non-cash stock option expense of $5.2 million ($0.03 per share), and other non-cash and non-recurring expenses of $1.5 million ($0.01 per share). Excluding these items would result in an adjusted net income of $60.5 million, or $0.35 per share. In the third quarter of 2012, the Company reported net income of $106.3 million, or $0.62 per share.
Pretium Resources Inc.: Bulk Sample Drill Program Concludes With Additional High-Grade Gold Intersected
Pretium Resources Inc. (PVG.TO)(PVG) ("Pretivm") is pleased to report the results from the final drill fan completed as part of the Valley of the Kings Bulk Sample Program (the "Program"), and results from exploration drilling in other areas of the Valley of the Kings. Reported assays include 12 intersections grading greater than 1,000 grams per tonne gold uncut, two of which were intersected in the planned Program fan. (See Table 1 below for assays.)
Canadian Federal Government Approves Gahcho Kué Diamond Mine Development
De Beers Canada and Mountain Province Diamonds (TSX: MPV, NYSE MKT: MDM) are pleased to announce that the Minister of Aboriginal Affairs and Northern Development Canada, the Hon. Bernard Valcourt, has today approved the development of the Gahcho Kué diamond mine as recommended by the Mackenzie Valley Environmental Impact Review Board.
Tony Guthrie, Chief Executive Officer for De Beers Canada, commented: "The Minister's approval confirms that the plans for the development and operation of the Gahcho Kué diamond mine meet the highest standards. The new diamond mine will benefit the economy and residents of the Northwest Territories and enhance Canada's position as a premier diamond producer."
Automodular Corporation: Ford Contract Update
Automodular Corporation (AM.TO) ("Automodular" or "the Company") reports that it has signed an extension agreement with Ford Motor Company of Canada, Limited ("Ford") that would have the Company continue to provide sub-assembly and sequencing services for its existing commodities until December 23, 2014 on commercial terms similar to those in its current agreement with Ford. As part of the agreement, Ford has provided certain production and price related assurances and will fund Automodular's incremental closure costs related to this extension. Following the expiry of the commercial extension, Automodular expects to close its two remaining automotive operating facilities located in Oakville, Ontario. Automodular continues to search for opportunities in both the wind renewable sector and others to leverage its core manufacturing and project management skills.