MDA has focused on its resurgent space division in recent years, a move that’s paid off for shareholders.
Inside the Market's roundup of some of the Canadian small caps making news and on the move today. This post will be updated through the morning.
MacDonald, Dettwiler and Associates Ltd. said that it has won three contracts with the Canadian Space Agency.
The first project involves evaluating how radar and optical images can be combined to detect and track ships more rapidly. The second project will focus on improving monitoring techniques of geohazards in pipeline corridors. For the third project, MDA intends to demonstrate the added value of RADARSAT-2 in the monitoring of forest areas.
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Niko Resources Ltd. issued a statement on Monday after its shares plunged more than 32 per cent in one session.
"Niko confirms that all disclosure relating to its business and operations are up to date and complete. Management of Niko has no knowledge of any facts that would cause the recent unusual trading activity in its shares."
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CAE Inc. said it has won a series of contracts valued at $115-million to provide a range of training systems and services for global defence and security customers. These include contracts to continue providing MQ-1 Predator/MQ-9 Reaper aircrew training to the United States Air Force, a contract to update the Royal Canadian Air Force's CP-140 simulator, and a contract to design and manufacture a UH-72A flight training device for the United States Army.
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Brick Brewing Co. Ltd. announced a $9-million investment to expand operations at Bingemans Centre Drive in Kitchener, Ont. Brick will establish full brewing capability in Kitchener, which will result in a fully integrated brewing, packaging and distribution facility upon completion. The build-out and commissioning of the project is expected to be complete by the end of October 2015.
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Constellation Software Inc. said that its wholly owned subsidiary, Volaris Group, has acquired Incognito Software Inc. and Interactive Enterprises Inc. of Ireland, a communications operations support systems solutions business. The acquisition is Volaris' first acquisition in the communications market. Incognito has over 250 customers in North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
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Asian Television Network International Ltd. said it has re-filed amended management discussion and analysis statements for the year ended December 31, 2013 and for the period ended March 31, 2014, after a review by the Ontario Securities Commission. "The MD&As were revised to provide additional disclosure with respect to the company and its revenue, expenses and liquidity for the relevant periods, as well as risk factors relevant to ATN and non-IFRS and supplementary additional GAAP measures referred to in the MD&As and in the cash flow statements. The revisions relate only to the MD&As and no changes were made to the financial statements for the relevant periods," the company said. The amended MD&As are available on www.sedar.com.
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Plaza Retail REIT said it expects to secure or refinance over $170-million in mortgage loans and convertible debentures, generating $1.4-million in annual cash flow savings.
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Snipp Interactive Inc., has secured a partnership with FTC Cards Inc. to enter Brazil. FTC has an exclusive contract with Petrobras Distribuidora S.A. to provide credit-card processing services and develop a platform for marketing promotions, loyalty programs and rewards to be used at more than 7,500 gas stations in Petrobras' network.
"FTC has committed to fund the costs associated with launching and localizing Snipp's solutions for use in the Brazilian market. In addition, Snipp will receive 20 per cent of all profits accruing from the Brazilian market. FTC has committed to generate a minimum of $1-million in revenue to maintain exclusivity with Snipp in Brazil," the company said. FTC had previously made a $200,000 strategic investment in Snipp in 2013.
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Trigold Resources Inc. has signed a definitive share purchase agreement that will see it acquire 100 per cent of the shares of Vangold PNG Limited from Kanon Gold Corporation.
Trigold will finance the transaction with a combination of 1,300,000 of its common shares and $72,000 in cash. Based on a deemed price per common share of $0.10, the value of the total deemed consideration for the transaction is $202,000.