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Canadian issues that are moving on early news

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10:25 EDT Tuesday, June 19, 2012

A look at Canadian issues moving on early news

Levon Resources Ltd. (LVN-T), which fell 9 per cent yesterday, provided an update on advancing the Cordero NI 43-101 resource. The report shows an increase in the indicated resource of 53 million ounces of silver, 37,000 ounces of gold, 0.8 billion pounds of zinc, and 0.4 billion pounds of lead.

Wallbridge Mining Company Limited (WM-T), which almost hit year lows yesterday, announced today the updated mineral resource estimate for the Broken Hammer Zone. The total indicated mineral resource is 231,100 tonnes at a grade of 4.62 g TPM/t, 0.92 per cent copper, and 0.10 per cent nickel and 6.35 g/t silver.

IBI Group Inc. (IBG-T), which rose 3 per cent yesterday, announced that it has declared a cash dividend of $0.092 per share for the month of June 2012, payable July 31, 2012 to shareholders on record as of June 29, 2012.

Seafield Resources Ltd. (SFF-X), which fell 4 per cent yesterday to near year lows, announced today further results from the ongoing 5,000-metre diamond drill program at the company's Miraflores Deposit. The infill drilling program continues to return moderate to high grade mineralization in significant intervals.

Newton Energy Corporation (NTN-X), which almost hit year lows yesterday, announced that it has appointed J. Arthur Bray as Chief Financial Officer. He was the supervisor of corporate finance with Alberta Energy Company and the director of corporate finance with Petro Canada.

Ballard Power Systems (BLD-T), which is trading near a year low $1.09, revised down its guidance for 2012 revenue and adjusted EBITDA, however, these numbers still beat last year's results.

PetroNova Inc. (PNA-X), which rose 2 cents or 4 per cent in moving away from a year low 43 cents yesterday, today announced an update at its Pilon-1 exploratory well located in Colombia's Llanos Basin.

Search Minerals Inc. (SMY-X), which edged further away from a year low 16 cents on Monday, announced that the board of directors has established a special committee to explore strategic alternatives for the company.

D-BOX Technologies Inc. (DBO-T) announced today its first agreement with Luxor Cinema Chain, the fourth largest theatre circuit in Russia, for the installation of 141 D-BOX MFX Systems in six locations.

HSE Integrated Ltd. (HSL-T) announced that ISS Canada, an independent proxy firm and an affiliate of Institutional Shareholder Services Inc., has recommended that HSE shareholders vote for the proposed sale of all the issued and outstanding shares of the company to the Canadian affiliate of DXP Enterprises, Inc. for $1.80 cash per share cash in a plan of arrangement announced May 1, 2012.

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