North American Palladium Ltd. (
TSX: T.PDL,
Stock Forum) eased 9% to 5 cents Monday (before closing at 5.5 cents) after the company said it has received a notice from the New York Stock Exchange advising it that the company is no longer in compliance with the NYSE’s continued listing standards.
On April 16, 2015, trading in the company’s common shares on the NYSE was suspended as a result of low trading prices.
However,
the company said in a press release it is continuing normal business operations at its Lac de Iles mine and its obligations to employees, trade creditors, equipment leases and suppliers will not be affected.
Ram Power Corp. (
TSX: T.RPG,
Stock Forum) eased 33% to 1 cent after the company announced a private placement and recapitalization transaction.
The transaction agreement provides for:
A private placement offering by the company of up to 18.6 million subscription receipts at a price per subscription receipt of $0.004 for proceeds of up to US$60 million;
The conversion of $53 million worth of senior secured debt, plus accrued and unpaid interest into 10.9 million pre-consolidated common shares at a conversion price of $0.005 per share.
Assuming the private placement is completed in full, the issuance to Toronto-based asset management company Goodwood Inc. of approximately one billion pre-consolidated common shares.
| Select Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern) |
| Pediapharm Inc. (V.PDP, Stock Forum) |
17.50% |
| Oncolytics Biotech Inc. (T.ONC, Stock Forum) |
12.90% |
| Theratechnologies Inc. (T.TH, Stock Forum) |
11.20% |
| Convalo Health International, Corp. (V.CXV, Stock Forum) |
8.70% |
| Resverlogix Corp. (T.RVX, Stock Forum) |
6.69% |
| Select Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern) |
| Keek Inc. (V.KEK, Stock Forum) |
-33.57% |
| MBAC Fertilizer Corp. (T.MBC, Stock Forum) |
-15.00% |
| Zargon Oil & Gas Ltd. (T.ZAR, Stock Forum) |
-10.05% |
| Horizons BetaPro NYMEX Natural Gas Bull Plus ETF (T.HNU, Stock Forum) |
-6.91% |
| Trillium Therapeutics Inc. (T.TR, Stock Forum) |
-6.25% |