Crescita Therapeutics (CTX.TO) shareholders will receive $0.80 per share under the transaction with ClinActiv Holdings, the company confirmed on Tuesday.
The arrangement is expected to be completed on June 3, after which Crescita shares will be delisted from the Toronto Stock Exchange.
Crescita shares last traded on May 28, closing at $0.75.
Metallic Minerals (MMG.V) which lost 9.5% on Monday, said overnight that it entered into an engagement letter with Red Cloud Securities, as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters.The underwriters have agreed to purchase for resale, with the right to arrange for substitute purchasers to purchase, 14.3-million units of the company at $0.28 apiece for $4 million from the sale of units and 10.4-million flow-through units of the company at $0.385 per charity FT unit for $4 million from the sale of charity FT units. Each Unit will consist of one common share and one-half of one common share purchase warrant.Each charity FT unit will consist of one common share and one-half of one common share purchase warrant. Each charity FT unit share and each half of one charity FT unit warrant comprising a charity FT unit will qualify as a "flow-through share".Each whole unit warrant and charity FT unit warrant shall entitle the holder to buy a share on a non-flow-through basis at $0.40 at any time during the period beginning on the date that is 61 days following the closing date, expected on June 22, and ending on the date which is three years following the closing date.The company will grant to the underwriters an option, exercisable in full or in part, up to 48 hours prior to the closing date, to buy for resale up to that number of additional offered securities in any combination of units and charity FT units at their respective offering prices for additional proceeds of up to $2 million. Proceeds from the sale of units will be used for the exploration and advancement of its La Plata project in southwestern Colorado, as well as for general corporate and working capital needs.Proceeds from the sale of charity FT units will be used to incur eligible "Canadian exploration expenses" that qualify as "flow-through mining expenditures" related to its Keno Silver project in the Yukon Territory on or before Dec. 31, 2027.Shares of the company closed down 9.5% to $0.285 on Monday on the TSX Venture Exchange.
H&R Real Estate Investment Trust (HR-UN.TO) said late Monday that Larry Froom, its chief financial officer, will have a reduced workload over the coming weeks as he recovers from recent medical procedures and during such time, Cheryl Fried, executive vice president, Finance of H&R, will act as its interim chief financial officer."On behalf of the Board of Trustees and everyone at H&R, we wish Larry well during his recovery", said Tom Hofstedter, H&R's Executive Chairman and Chief Executive Officer. "We are confident that Cheryl will provide strong leadership overseeing H&R's finance function during this period so that we continue to execute our strategy while Larry recovers."