| 4:04 PM EST - Agrium Inc.: announced that it has expanded retail operations in Texas and New Mexico with the acquisition of 24 retail outlets from Agriliance. The retail outlets include 18 farm centers and six satellites. The company expects the retail outlets to have annual crop input revenues of approximately $150 million. The company believes that the acquisition will be immediately accretive to earnings. Agrium Inc. (T.AGU) shares were down $1.70 at 58.01 |
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| 4:02 PM EST - Alimentation Couche-Tard Inc.: reported net earnings of $88.2 million U.S. or $0.47 U.S. per share for the second quarter of fiscal 2010, lower than $97.6 million U.S. or $0.49 U.S. per share in the previous year. Total revenues for the quarter declined to $3.82 billion U.S. from $4.56 billion U.S. last year. For the six-month period, net earnings rose to $179.3 million U.S. from $144.8 million U.S. in the same period of the previous year. Total revenues for the period declined to $7.5 billion U.S. from $8.87 billion U.S. a year ago. Alimentation Couche-Tard Inc. (T.ATD.A) shares were up $0.22 at 21.2 |
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| 4:01 PM EST - Rare Element Resources Ltd.: announced that it has signed the definitive agreement with VMS Ventures Inc. to acquire the Eden Lake REE project in Manitoba, Canada. The company acquired a 100% interest in the Eden Lake REE Project for the issuance of 300,000 common shares to VMS Ventures, with 75,000 at closing, and 75,000 at six, 12, and 18 months thereafter. The Eden Lake project is subject to a 3% Net Smelter Returns royalty to Strider Resources Limited and Rare Element has the right to buy 50% of the NSR for $1.5 million. Rare Element Resources Ltd. (V.RES) shares were up $0.03 at 4.02 |
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| 12:09 PM EST - Atlantis Systems Corp.: reported a net loss for the third quarter of $844,000 or $0.02 per share, in comparison with a loss of $2.5 million or $0.05 per share in the same quarter a year-ago. For the third quarter, net loss from continuing operations was $963,000 or $0.02 per share, compared to a loss of $2.3 million or $0.04 per share in the previous-year quarter. Quarterly revenue increased to $2.94 million from $2.12 million in the prior-year quarter. Atlantis Systems Corp. (T.AIQ) shares were even at 0.02 |
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| 12:06 PM EST - Halmont Properties: posted first-quarter net income of $258,000 or $0.00 per share, compared to $27,000 or $0.00 per share in the last-year quarter. Revenue for the quarter rose to $638,000 from $530,000 in the prior-year quarter. Halmont Properties (V.HHC) shares were even at 0.19 |
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| 9:48 EST - YM BioSciences Inc.: said that Cytopia has commenced enrollment of a phase I/II trial evaluating CYT387. The dose-escalation phase I/II study is investigating the safety and tolerability of CYT387 administered as a daily oral capsule dose in 30-60 patients with myelofibrosis, a disorder within a family of hematological conditions known as myeloproliferative neoplasms. The study will also allow preliminary assessment of the compound's activity in these patients including its effect on spleen size, hematological symptoms, quality-of-life and markers of aberrant JAK2 activity in blood. YM BioSciences Inc. (T.YM) shares were up $0.01 at 1.29 |
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| 9:46 EST - BMO Financial Group: reported fourth-quarter net income of $647 million or $1.11 per share, compared to $560 million or $1.06 per share in the year-ago quarter. Cash net income for the quarter increased to $655 million, from $570 million in the year ago quarter. Cash earnings for the quarter were $1.13 per share, up from $1.08 per share last year. Revenues for the quarter were $2.989 billion, compared to $2.813 billion in the year-ago quarter. BMO Financial Group (T.BMO) shares were up $0.77 at 54.32 |
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| 9:45 EST - MKS Inc.: reports second-quarter net income grew 19% to $1.61 million U.S. or $0.16 U.S. per share from $1.35 million U.S. or $0.13 U.S. per share in the previous year. The company reported a 10% decline in second-quarter total revenue to US$14.68 million from $16.27 million U.S. in the year-ago quarter. MKS Inc. (T.MKX) shares were up $0.18 at 8.99 |
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| 12:07 PM EST - Sangoma Technologies Corp.: reported net income for the first quarter of $560,000 or $0.019 per share, lower than $680,000 or $0.024 per share in the previous-year quarter. Quarterly sales rose to $3.12 million from $2.60 million in the same quarter a year-ago. Sangoma Technologies Corp. (V.STC) shares were even at 0.72 |
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