Money-losing Battery Technologies Inc. needs a recharge-and finding a buyer may be the way to do it. On Nov. 4, Toronto-based Battery said it had enlisted small-cap focused investment bank Northern Securities, a sub of Northern Financial Corp., as its advisor in seeking strategic opportunities for the firm. Battery, with a C$6 million market cap, originally announced on Oct. 16 it would conduct a review, but had yet to name an advisor.
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