Brief: S&P Global Canada Manufacturing PMI Slips to 52.9 in May Vs. 53.3 in April

Athabasca Oil Announces New $500M Four-Year Credit Facility and Expanded Duvernay Energy Credit Facility

Athabasca Oil (ATH.TO) has closed a new $500 million covenant-based credit facility with the Canadian bank market, the company said Monday. The facility has a four-year term to May 2030 and includes annual extension rights, it added.Duvernay Energy has also closed an upsized $75 million reserve-based credit facility. Pro forma for the new facilities, consolidated liquidity is near $870 million, the company noted.Athabasca in Monday's statement said the new credit facilities enhance its capital structure with expanded liquidity, enhanced durability and a lower cost of capital. The pro forma capital structure supports the company's fully funded Thermal Oil growth plan to greater than 60,000 bbl/d by 2030 and the expanded Duvernay Energy capital program announced in the first quarter 2026 results, it added.Athabasca said it remains committed to maintaining a "best-in-class balance sheet" as operations increase in scale. As at March 31, 2026, the company had a $60 million net cash position and $290 million of cash, it added.ATH was down $0.26 or 2.3% at $10.91 in Canada on Friday.

Kits Eyecare Announces TSX Acceptance of Normal Course Issuer Bid

Kits Eyecare (KITS.TO) said Monday the Toronto Stock Exchange has accepted its notice of intention to make a normal course issuer bid to purchase a portion of its common shares.The NCIB will allow it to repurchase up to a maximum of around 1.7 million common shares, representing near 5% of its issued and outstanding common shares, the company added.The period during which Kits is authorized to make purchases under the NCIB starts on June 3, 2026 and ends on June 2, 2027 or such earlier date on which the maximum number of common shares are purchased under the NCIB or the NCIB is terminated at the company's election, Monday's statement noted."KITS believes that share purchases pursuant to the NCIB will contribute to the facilitation of an orderly market and be in the best interests of the company and its shareholders. The NCIB provides the company with a capital allocation alternative with a view to long-term shareholder value. KITS' board of directors and management believe that, from time to time, the market price of the common shares does not reflect their underlying value and purchases of common shares for cancellation under the NCIB may provide an opportunity to enhance shareholder value."KITS was up $0.55 or 4.3% at $13.22 in Canada last Friday.

Frontera Infrastructure Will Have US$64 Million Cash For Growth