TORONTO – Some of the most active companies traded Wednesday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (12,436.16 up 13.45 points):
CGA Mining Ltd. (TSX:CGA). Miner. Up six cents, or 2.26 per cent, at $2.71 on 34,029,521 shares. The company is being acquired by B2Gold Corp. in a deal valued at $1.1 billion. The combined companies will have operating mines in Nicaragua and the Philippines and exploration properties in Latin America and Africa.
B2Gold Corp. (TSX:BTO). Miner. Down 51 cents, or 11.86 per cent, at $3.79 on 26,990,455 shares. The Vancouver-based company’s chief executive said the union with CGA Mining will “dramatically increase” the merged company’s gold production from 160,000 ounces a year to 360,000 ounces a year.
Belo Sun Mining Corp. (TSX:BSX). Miner. Up six cents, or 4.38 per cent, at $1.43 on 8,043,502 shares. The Toronto-based company said it has entered into a $50 million bought deal financing.
Westaim Corp. (TSX:WED). Investment firm. Up a penny, or 1.32 per cent, at 77 cents on 7,019,336 shares. The financial sector was up 0.29 per cent to 181.42 points.
Bombardier Inc. (TSX:BBD.B). Transportation equipment. Down four cents, or 1.09 per cent, at 5,460,227 shares. Its transportation division announced Tuesday that it has secured a record order backlog in North America and signed contracts valued at about US$367 million with Spanish-based consortium Talgo SA to develop and supply components for 36 trains for Saudi Arabia.
Orbite Aluminae Inc. (TSX:ORT). Technology and miner. Up 40 cents, or 12.16 per cent, at $3.69 on 5,288,831 shares. The Montreal-based company`s stock rose to a 14-month high after announcing it has developed a purification technology to purify silica, which is used in ceramics, glass and aluminum.
TSX Venture Exchange (1,343.52 up 20.88 points):
ShaMaran Petroleum Corp. (TSXV:SNM). Oil exploration and development. Unchanged at 47 cents, or 10,115,631 shares.
ArPetrol Ltd. (TSXV:RPT). Oil and gas exploration. Up half a cent, or 50 per cent, at 1.5 cents on 8,852,146 shares.
Companies reporting major news:
Centerra Gold Inc. (TSX:CG). Miner. Up $1.71, or 16.70 per cent, at $11.95 on 959,195 shares. Its Boroo mine in Mongolia has received the needed regulatory approvals to resume heap leach operations. The Mineral Reserve Authority of Mongolia issued a mining license at its Altan Tsagaan Ovoo project in the eastern region of the country.
CVTech Group Inc. (TSX:CVT). Maintenance and construction services. The Drummonville, Que.-based company won three contracts valued at roughly US$68.8 million by of one of the largest utility companies in the United States.