TORONTO – Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (12,187.36 down 89.76 points):
Eastern Platinum Ltd. (TSX:ELR). Miner. Up half a cent, or 6.25 per cent, at 8.5 cents on 46.66 million shares.
Cline Mining Corp. (TSX:CMK). Miner. Down three cents, or 75 per cent, at a penny on 15.14 million shares. The Toronto-based miner said it will delist from the main index on June 21. CEO Mark Haywood said in a statement that listing with the TSX is not feasible at the present time and expects that the delisting “will have additional flexibility with respect to financing options.”
Bombardier Inc. (TSX:BBD.B). Plane and train maker. Down 10 cents, or 2.09 per cent, at $4.68 on 10.29 million shares.
Manulife Financial Corp. (TSX:MFC). Insurer. Down 23 cents, or 1.44 per cent, at $15.73 on 8.05 million shares. The insurer’s real-estate arm acquired five commercial properties in the Montreal area for $75.9 million. The deal with the Redbourne Realty Fund announced after close Friday includes three office and two industrial properties.
Talisman Energy Inc. (TSX:TLM). Oil and gas. Down 16 cents, or 1.36 per cent, at $11.63 on 7.34 million shares.
Toronto Venture Exchange (933.57 up 3.50 points):
Revolver Resources Inc. (TSXV:RZ). Miner. Up 1.5 cents, or 50 per cent, at 4.5 cents on 4.14 million shares.
Doubleview Capital Corp. (TSXV:DBV). Resource explorer. Up 3.5 cents, or 36.84 per cent, at 13 centson 3.14 million shares. The company announced Thursday that its Phase I program at its Hat copper project in B.C. is nearing completion.
Company reporting major news:
Sears Canada Inc. (TSX:SCC). Retail. Up $1.31, or 13.86 per cent, at $10.76 on 211,683 shares. The national department store operator is closing at least two major Toronto-area stores, and possibly a third, in return for cash payments pegged at nearly $200 million cash. Last year, Sears Canada agreed to sell back leases for three high-profile stores in Vancouver, Calgary and Ottawa in return for $170 million. The company has been refocusing its business amid intense and growing competitive pressure in Canada’s retail sector.