PRESS DIGEST- Canada- Sept 25
Sept 25 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
THE GLOBE AND MAIL
** Canada Revenue Agency slapped Silver Wheaton Corp with a fine and ordered the miner to pay more than $200 million in back taxes, the company said on Thursday. The CRA contends that Silver Wheaton failed to pay taxes on $715 million of income earned outside of Canada - an assertion the company has long disputed. (bit.ly/1LRwr8D)
** Alberta's energy regulator is about to consider a plan for a large mountaintop coal mine at the same time it investigates the proponent for possibly fouling a crucial spawning stream for endangered trout. Benga Mining has begun the regulatory process for a mine that would see 12 square kilometers on the top of Grassy Mountain in southwestern Alberta near Blairmore turned into a terraced coal mine. (bit.ly/1iPJ7Gs)
** The RioCan and Kimco real estate businesses are unwinding their Canadian partnership, which jointly owns 35 properties in six provinces. RioCan Real Estate Investment Trust will pay $715 million to acquire Kimco Realty Corp's stake in 22 of the properties and assume Kimco's share of their existing debt. (bit.ly/1Fl0n0j)
** Canadian securities regulators are set to introduce rules that will make rights offerings far quicker and cheaper for companies to complete. The changes are expected to come into force on Dec. 8. A rights offering is a type of equity financing in which companies allow their existing investors to buy stock at a significant discount to the market price. (bit.ly/1Fl0A3u) (Compiled by Mansi Goenka in Bengaluru)
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