Stockhouse Canadian Small and Micro-cap Stock Report for Monday, March 14, 2011
TORONTO (SHfn) – NSGold (TSX: V.NSX, Stock Forum) shares climbed as much as 17% to 48 cents on Monday after the micro cap explorer reported that it has signed a binding letter of intent, whereby it can acquire 100% ownership of the Dios Padre Property located in the Municipality of Yecora, State of Sonora, Mexico, including the historic Dios Padre Silver Mine located approximately 260 km east of Hermosillo.
As well, shares of Century Mining (TSX: V.CMM, Stock Forum) shot up 16% to 67 cents as the junior miner said it has entered into a proposed business combination with White Tiger Gold (TSX: T.WTG, Stock Forum). Under the terms of the agreement, shareholders of Century will receive 0.40 of a White Tiger common share for each common share of Century held.
Gran Colombia Gold (TSX: T.GCM, Stock Forum), meanwhile, announced the successful assignment by Frontino Gold Mines Ltd., the previous operator of the Gran Colombia mines, of its pension liability for its former employees to the Colombian Social Security Institute, a governmental entity responsible for the administration and payment of pension obligations. Gran Colombia stock popped 13% to $1.85.
And, ILI Technologies (TSX: V.ILI, Stock Forum) Monday reported that its wholly-owned subsidiary Cdn Oilfield Technologies & Solutions S. de R.L de C.V. has received a purchase order from an established Mexican corporation with over 30 years experience working directly with Pemex (the nationally owned Mexican oil and gas company), representing approximately $800,000 to supply Flexsteel flexible pipe products and associated connectors in Mexico. ILI Technologies shares added 4% at 24 cents.
| Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern) |
| Top Canadian Small/Micro-cap Decliners |
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