Stockhouse Canadian Small and Micro-cap Stock Report for Friday, July 5, 2013 VANCOUVER (SHfn) –
Polymet Mining Corp. (
TSX: T.POM) rose 5% to 83 cents on Friday after the mining company announced the successful completion of its US$60.5 million offering of rights to acquire common shares of PolyMet, which expired at 5:00 PM EST on July 3, 2013. The primary use of funds will include US$17 million for a complete environmental review and permitting of the NorthMet copper-nickel project in northeastern Minnesota along with US$5 million to maintain existing infrastructure, US$10 million for engineering prior to the start of construction and US$10 million for long lead time equipment. polyMet will also use US$9 million for general corporate purposes.
Falcon Oil & Gas Ltd. (
TSX: V.FO) climbed 2.4% to 21.5 cents as investors assessed the news that oil and gas company had repaid the full amount outstanding on its Convertible Loan Note of $10.657 million. This repayment means that the company is now completely debt free.
Top Canadian Small/Micro-cap Advancers
(as of 7:00 PM Eastern)
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Resverlogix Corp
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+17.86%
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BetaPro Crude Oil Leveraged Daily Bull ETF
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+6.25%
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Petrominerales Ltd
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+5.94%
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Gabriel Resources Ltd
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+5.84%
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BetaPro Silver -2x Daily Bear ETF
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+5.71%
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Top Canadian Small/Micro-cap Decliners
(as of 7:00 PM Eastern)
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Continental Gold Ltd
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-8.00%
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BetaPro Silver 2x Daily Bull ETF
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-7.22%
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Dundee Precious Metals Inc
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-6.73%
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Sandstorm Gold Ltd
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-4.19%
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Torex Gold Resources Inc
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0.00%
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