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TORONTO – Some of the most active companies traded Monday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (12,528.35 up 66.18 points):
Colossus Minerals Inc. (TSX:CSI). Miner. Down 80 cents, or 50 per cent, at 80 cents on 17.86 million shares. The Toronto miner warned of a delay in gold production from its 75 per cent-owned Serra Pelada mine in Brazil. Colossus said that additional dewatering capacity is required to mine “in a sustainable, effective and efficient manner.”
Loblaw Companies Ltd. (TSX:L). Grocer. Up $2.58, or 5.43 per cent, at $50.13 on 11.92 million shares after announcing a friendly deal to buy Shoppers Drug Mart Corp. (TSX:SC) for $12.4 billion in cash and stock. At the end of 2012, the combination would have had about $42 billion of revenue and $1 billion of free cash flow. The companies expect to produce $300 million in cost savings after three years. Shoppers rose $11.72, or 24.21 per cent, at $60.12 on 10.31 million shares.
Surge Energy Inc. (TSX:SGY). Oil and gas. Up four cents, or 0.69 per cent, at $5.81 on 11.08 million shares.
Shoppers Drug Mart Corp. (TSX:SC). Drugstore and retailer. Up $11.72, or 24.21 per cent, at $60.12 on 10.31 million shares. The deal with Canada’s biggest grocer will be able to keep Shoppers’ brand name in place and allow it to operate as a separate division of Loblaw.
Twin Butte Energy Ltd. (TSX:TBE). Oil and gas. Down 46 cents, or 19.17 per cent, at $1.94 on 9.72 million shares.
Toronto Venture Exchange (896.73 down 1.69 points):
TAD Mineral Exploration Inc. (TSXV:TJ). Metals and mining. Up 1.5 cents, or 60 per cent, at four cents on 9.68 million shares.
Brookemont Capital Inc. (TSXV:BKT). Metals and mining. Up half a cent, or 10 per cent, at 5.5 cents on 5.97 million shares.
Company reporting major news:
Barrick Gold Corp. (TSX:ABX). Miner. Up 20 cents, or 1.29 per cent, at $15.69 on 2.34 million shares. An appeals court in Chile has sided with Chileans Indians in its dispute with the world’s largest gold miner. The judges unanimously ruled that Barrick Gold must keep all its environmental promises before moving forward with construction of the Pascua-Lama mine.
CML HealthCare Inc. (TSX:CLC). Medical laboratory. Down two cents, or 0.19 per cent, at $10.63 on 331,580 shares. The Toronto-area company is selling 12 medical diagnostic imaging laboratories and 13 inactive imaging licenses in Ontario for $15.5 million. The move is a part of a plan to focus on its medical lab business with proceeds to reinvest in its business and pay down debt. CML is being bought out in a friendly deal with LifeLabs Medical Laboratory Services.
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