Small-Cap Stocks to Watch Tuesday

Our roundup of Canadian small caps with market caps between $100 million and $3 billion

Dye Durham Ltd (Do not disturb) Announce The Ontario Securities Commission has issued an order waiving the requirement for the company to first accept all of its common shares deposited under its currently ongoing substantive issuer offer pending the extension of the offer expiration date, should it do so.

Under the offer, Dye & Durham said it would repurchase up to $150 million of its outstanding common stock through a modified Dutch auction. It allows shareholders to choose a price within a range of no less than $12.50 and no more than $15.


westport fuel systems corp. (WPRT-T) Announce Working with sustainable technology company Johnson Matthey to develop an emissions aftertreatment system tailored for Westport’s proprietary H2 HPDI hydrogen fuel system, with the goal of reducing or eliminating emissions.

“The agreement focuses on combining Johnson Matthey’s technology and products with Westport’s H2 HPDI fuel system to create the lowest possible vehicle exhaust emissions,” the company said, adding that it will operate at its Vancouver-based facility. The Engineering Center tests and develops Johnson Matthey prototype systems.


Hut 8 Mining Company (Hut-T) Announce Appointment of Shenif Visram as Chief Financial Officer, effective immediately. Mr Shenif will succeed Chief Financial Officer Shane Downey, who the company said “will continue to pursue new opportunities after 20 months with the company.”


Savaria (SIS-T) Announce Its chief executive, Marcel Bourassa, has filed a notice of intent to allot securities for the sale of up to 1.7 million common shares, or approximately 2.64% of the company. The shares are expected to be sold through the Toronto Stock Exchange and may also be sold or transferred privately, the company said.

“For personal reasons, Mr. Marcel Bourassa is proposing the sale of common shares for family estate planning and support of charitable causes,” the company said, adding that Mr. Bourassa would remain its largest shareholder.


lion electric co., ltd. (Lev-T) Announce Offering $50 million worth of units in the US and Canada. The company said it will offer 19,685,040 shares at $2.54 each. Each unit will consist of one common share and one common stock purchase warrant, exercisable over five years at $2.80 per share.

Power Sustainable Capital Inc., a subsidiary of Power Energy Corp., will purchase units at the issue price for an aggregate purchase price of approximately $25 million.

The company said it plans to use the net proceeds “to strengthen its financial position and enable it to continue its growth strategy,” including its capacity expansion projects in Illinois and Quebec.

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