TORONTO – Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange:
Toronto Stock Exchange (12,835.61 up 9.10points):
Bombardier Inc. (TSX:BBD.B). Transportation equipment. Up 12 cents, or 2.98 per cent, at $4.15 on 18,910,556 shares.
Iamgold Corp. (TSX:IMG). Miner. Up 35 cents, or 5.47 per cent, at $6.75 on 9,789,871 shares. The Toronto-based company announced a $100-million reduction program earlier in the week.
Eldorado Gold Corp. (TSX:ELD). Miner. Down six cents, or 0.61 per cent, at $9.78 on 7,289,397 shares. The gold sector was up 0.06 per cent to 251.77 points, as the price of the bullion closed US$1.80 higher to US$1,576.90 an ounce on the New York Mercantile Exchange.
Kelt Exploration Ltd. (TSX:KEL). Oil and gas. Up 69 cents, or 12.02 per cent, at $6.43 on 7,094,676 shares. The junior oil and gas company announced a $61.05-million brokered private placement. The money raised will be used to pay down existing debt, fund ongoing exploration and development activities, potential asset acquisitions and for general working capital purposes.
Uranium One Inc. (TSX:UUU). Miner. Down two cents, or 0.72 per cent, at $2.75 on 6,668,937 shares. Shareholders of the company approved a deal Thursday that will see the its largest shareholder take the company private.
Talisman Energy Inc. (TSX:TLM). Oil and gas. Down seven cents, or 0.56 per cent, at $12.44 on 5,779,900 shares.
TSX Venture Exchange (1,117.85 up 1.62 points):
Northcore Resources Inc. (TSXV:NCR). Mine developer. Unchanged at two cents on 7,955,900 shares.
Canadian Overseas Petroleum Ltd. (TSXV:XOP). Oil and gas. Down a penny, or 4.35 per cent, at 22 cents on 4,914,905 shares.
Companies reporting major news:
Brookfield Asset Management Inc. (TSX:BAM.A). Money manager. Down 13 cents, or 0.33 per cent, at $39.65 on 1,543,829 shares. Wall Street Journal is reporting that the Brazilian operations of Brookfield Asset Management are under investigation by the U.S. Securities and Exchange Commission over allegations that it used bribes to get approval for construction deals.
First Quantum Minerals Ltd. (TSX:FM). Miner. Up $1.19, or 6.19 per cent, at $20.42 on 2,916,929 shares. The Vancouver-based company said it has received regulatory approval under the Investment Canada Act for its $5.1-billion hostile takeover offer for Inmet Mining Corp. (TSX:IMN). Inmet has rejected the offer and recommended shareholders reject the bid, but has waived the application of a shareholder rights plan after a review of strategic alternatives.
SNC-Lavalin (TSX:SNC). Engineering. Down $2.84, or 6.19 per cent, at $43.01 on 2,097,892 shares. The engineering and construction firm raised its quarterly dividend by a penny to 23 cents per share as fourth-quarter profits increased to $94.6 million or 63 cents per share versus $76.13 million or 50 cents per share while revenue increased 15 per cent. SNC-Lavalin’s former chief executive is facing accusations of fraud.