TrueContext, Agrimarine and YM Biosciences: Today in Canadian Tech

Route 1 (TSXV:ROI) announced a normal course issuer bid dated Feb. 24, 2012. The company may repurchase for cancellation, up to 35,480,904 shares of its own stock. Purchases will be made by Paradigm Capital on behalf of the company. Shares of Route 1 closed today even at $.08 cents. More…

Pure Technologies (TSX:PUR) announced that the $17.2-million contract award between its division Openaka and the Washington Suburban Sanitary Commission of Laurel, Maryland, has been fully executed. Openaka will provide inspection, condition assessment, integrity monitoring and risk analysis services to assist the commission in the management of its prestressed pipelines. Shares of Pure closed today up 1.8% to $4.48. More…

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YM BioSciences (TSX:YM) announced it has priced 35 million common shares at (US) $2 a share for its previously announced underwritten public offering. The company said BofA Merrill Lynch is acting as sole book-running manager for the offering, and Wells Fargo Securities LLC is acting as lead manager. Shares of YM closed today down 1.5% to $2.01. More…

TrueContext Mobile Solutions (TSXV:TMN) announced that, On Feb. 22, 2012, Panama’s Vince Business Corp. acquired 2,777,778 units of TrueContext Mobile Solutions Corp. at a price of 18 cents per unit pursuant to a non-brokered private placement financing of the corporation. Shares of TrueContext closed today even at $.065 cents. More…

AgriMarine (TSXV:FSH) said that, due to strong institutional investor demand, it will increase the size of its non-brokered private placement announced on Feb. 15, 2012, from a maximum of 25 million units to a maximum of up to 50 million units. Each unit will still be issued at a price of 20 cents for total gross proceeds of up to $10-million. Shares of Agrimarine closed down 4.9% to $.195 cents. More…

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