Even with Linkedin’s explosive start out of the trading gate, a continued focus on rising gas prices and drama around the search for a new IMF chief, there was plenty of room for Equicom clients in the news this week.  

Red Crescent Resources announced earlier in the week that South African miner Petmin had agreed to acquire a 10.1% stake in it for $4.64 million. The Canadian exploration company said it’s going to use at least $1.5 million of those funds for exploration and development at its Sivas copper project in Turkey. Both Reuters and Mining Weekly covered the news.  

IC Potash is looking to become the world’s lowest cost producer of premium potash, also known as SOP, or Sulphate of Potash. Unlike regular potash, SOP doesn’t contain chloride, a mineral toxic to many crops. CEO Sidney Himmel was in New York this week to present at the Farms to Market Conference. He took some time away from that to appear on BNN.

Reuters reporter John Tilak spoke with Ym BioScience CEO Nick Glover about early partnership talks to eventually launch the company's cancer therapeutics.

 Several Equicom clients also reported financial results this week.  

Exchange Income reported significantly higher revenue from both its aviation and specialty manufacturing divisions when it released its first quarter under the news IFRS accounting standards. The Globe and Mail took a look at what the analysts had to say about the Winnipeg-based company’s latest round of financials.

Chinese construction company Boyuan’s third quarter results also got some media play. Several successful projects and its expansion into Shandong Province helped boost year over year revenues 32% to US$41 million. The National Post covered the results here.   

High Liner also reported its first quarter results. The seafood company hiked its dividend after first quarter profit rose 23.5% on higher sales.  It reported net income of 63 cents per share, up from 42 cents in the same period last year. Revenue was up 7.3%. CP and Reuters both covered the numbers and CEO Henry Demone appeared on CBC: The Lang & O'Leary Exchange (at 42:50) to talk about them in more depth.

 Crystal Quast
Senior Director, Media Relations