Category: Globe Newswire Canada

News $PHYS $PHY $GTU #TSX – #Sprott Completes Exchange Offer for Central GoldTrust

Sprott’s AUM Increased by Approximately $1 Billion Adds Over 20,000 New Investors to Sprott Client Base TORONTO, Jan. 18, 2016 (GLOBE NEWSWIRE) — Sprott Inc. (TSX:SII) (“Sprott” or the “Company”) today announced that its subsidiary, Sprott Asset Management LP, together with Sprott Physical Gold Trust (NYSE:PHYS) (TSX:PHY.U), has successfully completed its exchange offer to acquire all of the outstanding units of Central GoldTrust (“GTU”) (NYSE:GTU) (TSX:GTU-U) on a Net Asset Value (“NAV”) to NAV exchange basis. “This is an important transaction for Sprott that adds more than $1 billion to our total assets under management, based on current gold pricing,” said

News $PHYS $PHY $GTU #TSX – #Sprott Completes Exchange Offer for Central GoldTrust ("GTU")

Sprott Unlocks Significant Value For Thousands Of GTU Unitholders Sprott Offer Received 96% Of All Votes Cast At Special Meeting TORONTO, Jan. 18, 2016 (GLOBE NEWSWIRE) — Sprott Asset Management LP (“Sprott” or “Sprott Asset Management”), together with Sprott Physical Gold Trust (NYSE:PHYS) (TSX:PHY.U), today announced that it has successfully completed its exchange offer (the “Sprott offer”) for Central GoldTrust (“GTU”) (TSX:GTU.UN) (TSX:GTU.U) (NYSEMKT:GTU), including the related merger between GTU and Sprott Physical Gold Trust. “We are extremely pleased that, with the support of an overwhelming majority of GTU unitholders, our exchange offer for GTU, including the related merger transaction,

News $ETX #TSX #OMX – #ETRION TOWN HALL MEETING

ETRION TO PRESENT IN STOCKHOLM, SWEDEN January 18, 2016, Geneva, Switzerland – Etrion Corporation (“Etrion” or the “Company”) (TSX: ETX / OMX: ETX), an independent solar power producer, today announced that its Chief Executive Officer, Marco A. Northland, will present to investors and shareholders at a town hall meeting in Stockholm, Sweden on Wednesday, January 20, 2016, to provide an update on its operations and business development activities. Town Hall Presentation Date: Wednesday, January 20, 2016 Time: 18:30 Central European Time (CET) Location: Näringslivets Hus, Storgatan 19 i Stockholm (Industrisalen) To confirm your attendance, please contact Katarina Vorontsov (kvorontsov@rive6.ch /

News $PSLV $PHS $SPT #TSX – #Sprott’s Offer for Silver Bullion Trust Expires

TORONTO, Jan. 16, 2016 (GLOBE NEWSWIRE) — Sprott Asset Management LP (“Sprott” or “Sprott Asset Management”), together with Sprott Physical Silver Trust (NYSE:PSLV) (TSX:PHS.U), today announced that the conditions to its exchange offer for Silver Bullion Trust (“SBT”) (TSX:SBT.UN) (TSX:SBT.U) were not satisfied as of 5:00 p.m. (Toronto time) on January 15, 2016 and, as a result, the offer has expired. Sprott and Sprott Physical Silver Trust had previously announced that they were abandoning support for the offer. About Sprott Asset Management LP Sprott Asset Management LP is the investment manager to the Sprott Physical Silver Trust. Important information about

News $LXRRF $LRL #TSXV – #LuxorIndustrialCorporation Enters Into Two Definitive Agreements to Acquire Wood Framing Businesses in Canada and the US

VANCOUVER, British Columbia, Jan. 15, 2016 (GLOBE NEWSWIRE) — Luxor Industrial Corporation (OTC:LXRRF) (TSX-V:LRL) is pleased to announce that on January 13, 2016, it entered into two definitive agreements to acquire turn-key wood framing businesses in Canada and the United States. In Canada, Luxor has entered into an Asset Purchase Agreement to buy the book business and certain assets of Colt Builders Inc. of Alberta (“Colt”).  Upon the closing of the agreement, Luxor’s subsidiary Mill Frame Inc. (“Newco”) is to acquire such assets in consideration for 40% of the shares of Newco.  Colt has agreed that it will exchange 20%

News $LUG #TSX – #LUNDINGOLD INC. ANNOUNCES AGREEMENT WITH GOVERNMENT OF ECUADOR ON EXPLOITATION AGREEMENT TERMS AND CONDITIONS

January 14, 2016 (Vancouver, Canada)… Lundin Gold Inc. (“Lundin Gold” or the “Company”) (TSX: “LUG”, Nasdaq Stockholm: “LUG”) is pleased to announce that it has successfully completed the negotiation of the definitive form of the Exploitation Agreement for the Fruta del Norte Project, its flagship gold project in Ecuador.  All amounts in this release are in U.S. dollars. Lundin Gold has been negotiating the terms and conditions of the Exploitation Agreement for the Fruta del Norte Project with the Government of Ecuador over the past six months.  The Exploitation Agreement, combined with existing laws and regulations, establishes the fiscal terms

News $FSV #TSX – #FirstService Expands California Closets Company-Owned Platform

TORONTO, Jan. 14, 2016 (GLOBE NEWSWIRE) — FirstService Corporation (TSX:FSV) (NASDAQ:FSV) (“FirstService”) announced today that its California Closets business has further expanded its company-owned operations with the acquisition of its Los Angeles franchise. California Closets is a unit of FirstService subsidiary, FirstService Brands, and is the leading North American provider of closet and home storage solutions with 80 franchised and corporate-owned locations. Terms of the transaction were not disclosed. “This transaction advances our strategy of acquiring California Closets franchises in certain key markets and integrating them with our existing company-owned platform,” said Charlie Chase, President & CEO of FirstService Brands.

News $PHYS $GTU #TSX – #SprottAssetManagement Announces Exchange Ratio of Exchange Offer for Central GoldTrust

TORONTO, Jan. 14, 2016 (GLOBE NEWSWIRE) — Sprott Asset Management LP (“Sprott” or “Sprott Asset Management”), together with Sprott Physical Gold Trust (“PHYS”) (NYSE:PHYS) (TSX:PHY.U), today announced the NAV to NAV Exchange Ratio in connection with the exchange offer (the “Sprott offer”) for Central GoldTrust (“GTU”) (TSX:GTU.UN) (GTU.U) (NYSEMKT:GTU), assuming that the Sprott offer expires at 5:00 p.m. (Toronto time) on January 15, 2016, and commented on the upcoming meeting of GTU unitholders to authorize the merger transaction between GTU and Sprott Physical Gold Trust forming part of the Sprott offer (the “Merger Transaction”). NAV to NAV Exchange Ratio In

News $LBIX – #LeadingBrands Inc. Announces Q3 Results

VANCOUVER, British Columbia, Jan. 14, 2016 (GLOBE NEWSWIRE) — Leading Brands, Inc. (NASDAQ:LBIX), North America’s only fully integrated healthy branded beverage company, announces results for its third quarter of fiscal 2015, which ended November 30, 2015.  All financial amounts are denominated in Canadian dollars, with all financial figures rounded to the nearest $000. Sales of HappyWater® increased almost 200% in Q3 this year, versus Q3 last year.  In Q4 the company commenced distribution of HappyWater® in the United States and that revenue is not reflected in those statistics. Reported Q3 2015 net loss was $(385,000) or $(0.13) per share ($(0.13)

News $ETX #TSX #OMX – #Etrion Announces Operational Update and Preliminary 2015 Production

GENEVA, SWITZERLAND–(Marketwired – January 14, 2016) – Etrion Corporation (“Etrion” or the “Company”) (TSX: ETX) (OMX: ETX), a solar independent power producer, announces an operational update and preliminary production results for the year ended December 31, 2015. Italian Solar Assets During 2015, Etrion’s 100%-owned 60-megawatt (“MW”) solar portfolio in Italy produced approximately 102.4 million kilowatt-hours (“kWh”) of electricity, 1.8% more than in 2014. Etrion’s Italian solar parks receive the weighted average feed-in-tariff (“FiT”) of approximately EUR 0.30 per kWh plus the spot price for each kWh of electricity produced. During 2015, the Italian spot price averaged EUR 0.05 per kWh. Etrion previously announced

News $SDRG – #SilverDragon Enters Into Equity Transfer Agreement With Shengda Industrial to Acquire the Company’s Interest in Sanhe Sino-Top Resources & Technologies Ltd. Wholly Owned Subsidiary Guangda Mining

TORONTO, Jan. 13, 2016 (GLOBE NEWSWIRE) — Silver Dragon Resources Inc. (OTCBB:SDRG) (the “Company”) reports that it has entered into an equity transfer agreement with Beijing Shengda Industrial Group Ltd. (“Shengda”) to receive an all cash consideration in five installments over the course of several years with the last payment being made in 2019 for the Company’s 20% equity interest in Inner Mongolia Guangda Mining Ltd. (“Guangda”), a wholly owned subsidiary of its Foreign Cooperative Joint Venture in China, Sanhe Sino-Top Resources & Technologies, Ltd. (“Sino-Top”), for RMB161,922,820 (approximately USD$25 Million). The purchase price is based on the third party

News $MND #TSX – #MandalayResources Corporation Announces Production and Sales Results for the Fourth Quarter and Full Year of 2015

TORONTO, Jan. 13, 2016 (GLOBE NEWSWIRE) — Mandalay Resources Corporation (“Mandalay” or the “Company”) (TSX:MND) announced today its production and sales results for the fourth quarter and full year of 2015. Brad Mills, Chief Executive Officer of Mandalay, commented, “We are pleased that, in the fourth quarter of 2015, Mandalay produced 43,393 saleable ounces of gold equivalent (“Au Eq oz”).  For the full year, we produced a new record of 166,679 Au Eq oz. This total annual production includes: A record 109,102 saleable ounces of gold (“oz Au”), at the midpoint of our 2015 guidance of 101,000 to 116,000 oz; 

News $MUX #TSX – #McEwenMining Reports Record Production in 2015, Q4 Production Results and 2016 Outlook

TORONTO, Jan. 13, 2016 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) is pleased to announce record annual production in 2015, solid fourth quarter production results, and the outlook for 2016. Highlights 22% increase in production year-over-year to 154,529 gold equivalent ounces(1) in 2015. New pro-business government elected in Argentina, positive policy changes already enacted. 4.2 grams per tonne (gpt) average crushed gold grade at El Gallo Mine in Q4 2015 vs. 2.3 gpt in Q3 2015. Production guidance of 141,000 gold equivalent ounces in 2016. No debt(2), $5.2 million line of credit repaid in full. $32 million(2) in cash,

News $NEPT $NTB #TSX – #Neptune Announces Third Quarter Results

Revenues of $5.5 million Gross margin on sales rises to 24% Project Turbo expected to drive material margin improvement in coming quarters Q3 closing cash balance grows to $5.1 million, up from $3.4 million at the end of Q2[1] Recently acquired Biodroga Inc., a leading dietary supplement solution provider LAVAL, Québec, Jan. 12, 2016 (GLOBE NEWSWIRE) — Neptune Technologies & Bioressources Inc. (“Neptune” or the “Corporation”) (NASDAQ:NEPT) (TSX:NTB), announces its financial and operating results for the third quarter ended November 30, 2015.  All amounts in Canadian dollars. “Our business fundamentals continue to improve,” stated Jim Hamilton, President and CEO of

News $ACST $APO #TSXV – #Acasti Announces Third Quarter Results

Important progress made with FDA on CaPre® development pathway Amended IND application to commence bioavailability bridging study submitted Entered into licensing agreement with Neptune to market Onemia® LAVAL, Québec, Jan. 12, 2016 (GLOBE NEWSWIRE) — Acasti Pharma Inc. (“Acasti” or the “Corporation”) (NASDAQ:ACST) (TSX-V:APO), an emerging biopharmaceutical company focused on the research, development and commercialization of new krill oil-based forms of omega-3 phospholipid therapies for the treatment of hypertriglyceridemia, announces its financial and operating results for the third quarter ended November 30, 2015.  All amounts in Canadian dollars. On December 16, 2015 Acasti announced that it had made important progress

News $TEI #TSX – #Toscana Energy Will Not Proceed With the Acquisition of Oil Assets, Will Decrease Its Monthly Dividend and Confirms January Dividend

CALGARY, Alberta, Jan. 12, 2016 (GLOBE NEWSWIRE) — Toscana Energy Income Corporation (“Toscana Energy” or the “Company”) (TSX:TEI) announces that it will not proceed with the previously disclosed acquisition of assets that produce 300 barrels a day of light oil production, for $15,000,000 in cash, as outlined in the press release dated November 25, 2015.  The significant erosion in energy prices coupled with very soft debt and financial markets are the main drivers in the decision.  In addition, due to the current commodity price environment and as a further measure to protect the integrity of the balance sheet and to

News $LMR $LMRMF $DH8B #TSXV #FSE – #Lomiko to Report 43-101 Flake Graphite Resource at La Loutre, Graphene 3D Lab Signs Deal With Fortune 500 Company

VANCOUVER, British Columbia, Jan. 12, 2016 (GLOBE NEWSWIRE) — Lomiko Metals Inc. (“Lomiko”) (TSX-V:LMR) (OTC:LMRMF) (FSE:DH8B) has made significant strides forward on several fronts in 2015.  Working with partner Canada Strategic Metals, it has completed a drilling program and is working toward an 80% interest in the La Loutre property, has completed trademark applications and looks forward to commercial production of Spider Charger USB devices and Power Converters.  2016 Goals Management is confident the work done on both technology and exploration puts Lomiko in an excellent position to capitalize on developments in the electric vehicle space.  Recent reports on Lithium

News $QLTI $QLT – #QLT Announces Results of Annual Meeting of Shareholders

VANCOUVER, British Columbia, Jan. 12, 2016 (GLOBE NEWSWIRE) — QLT Inc. (Nasdaq:QLTI) (TSX:QLT) (“QLT” or the “Company”) is pleased to announce that, on a vote by ballot, the six incumbent directors of the Company were re-elected at the Company’s annual general meeting held on January 8, 2016 (the “Meeting”). Detailed results of the vote for the election of directors are as follows: Nominee Votes For % Votes Withheld % Jason M. Aryeh 30,993,845 90.32 3,321,352 9.68 Dr. Geoffrey F. Cox, Ph.D 31,208,904 90.95 3,106,293 9.05 Dr. John W. Kozarich, Ph.D 31,223,945 90.99 3,091,252 9.01 Jeffrey A. Meckler 30,811,599 89.79 3,503,598

News $NVDQ $NDQ #TSX – #NOVADAQ Announces Fourth Quarter 2015 Preliminary Unaudited Revenues and Issues 2016 Revenue Guidance

TORONTO, Jan. 11, 2016 (GLOBE NEWSWIRE) — Novadaq Technologies Inc. (“NOVADAQ” or the “Company”) (NASDAQ:NVDQ) (TSX:NDQ), the leading developer and provider of clinically relevant fluorescence imaging solutions for use in surgical and diagnostic procedures, announced today preliminary unaudited revenue for the fourth quarter of 2015 and provided 2016 revenue guidance ahead of its participation at the 34th Annual J.P. Morgan Healthcare Conference in San Francisco, CA.  NOVADAQ anticipates total revenues for the fourth quarter of 2015 to be approximately $20 million, reflecting increases of approximately 54% from $13.0 million in the 2014 fourth quarter and 18% sequentially over $17.0 million

News: #GreybrookRealty Partners Announces Chris Salapoutis as the Firm’s New President and COO

TORONTO, Jan. 11, 2016 (GLOBE NEWSWIRE) — Greybrook Realty Partners Inc. is pleased to announce that Chris Salapoutis has joined the firm as president and chief operating officer, effective January 4. In his role, Salapoutis will oversee the firm’s growing business operations, and play a critical role in developing and executing Greybrook’s strategic objectives and positioning the business for long-term growth.  Salapoutis was formerly president and COO of Macquarie Private Wealth, prior to which he was the COO of Macquarie Capital Markets. He brings to Greybrook a wealth of expertise with more than 30 years of differentiated business and financial