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Vecima Networks Inc.

11:37 AM EST - Vecima Networks Inc. : Announced the first closing of the sale of the assets of its YourLink business based in Saskatchewan to Xplornet Communications Inc. The first closing represents $20.0 million of an estimated $28.75 million all-cash deal with the final closing of $8.75 million (subject to working capital and customary closing adjustments) expected to occur before the end of Q2 calendar 2017. Vecima Networks Inc. shares T.VCM are trading up $0.34 at $9.99.