Stockhouse Canadian Small and Micro-cap Stock Report for Tuesday, January 14, 2013 VANCOUVER (SHfn) –
Bayhorse Silver Inc. (
TSX: V.BHS,
Stock Forum) soared 38.9% to 12.5 cents on new
assay results received from the recently acquired Bayhorse mine silver property in eastern Oregon. Of the 21 selected hand samples taken, 11 assayed greater than 100 grams per tonne silver with some containing bonanza grades of more than 10,000 grams per tonne silver.
Alexandria Minerals Corp. (
TSX: V.AZX,
Stock Forum) gained 28.6% to 4.5 cents after the resource junior announced that it has executed and closed a definitive
asset purchase agreement and a 2.0% net smelter return royalty (NSR) agreement with
Agnico-Eagle Mines Ltd. (
TSX: T.AEM,
Stock Forum), on Jan. 13, 2014. Pursuant to the terms of the asset purchase agreement, Alexandria has sold to Agnico the mineral rights to the West Zone gold-copper property comprising 14 mining claims located in Bourlamaque and Louvicourt Townships, Quebec, for $5.0 million cash.
Pistol Bay Mining Inc. (
TSX: V.PST,
Stock Forum) shares rose 17% to seven cents Tuesday after the company announced a financing of up to $240,000 and said it has engaged STRIKE Communications Inc. out of Toronto to assist the company in the investor relations and communications area.
There was speculation Tuesday that STRIKE may have bought some shares of Pistol Bay, which has arranged a non-brokered private placement of up to four million units at a price of 6 cents per unit. Each whole unit entitles the holder to buy one additional share of the company at 10 cents a share after the closing date.
Alexander Energy Ltd. (
TSX: V.ALX,
Stock Forum) was up 2.7% to 77 cents after the oil and gas company announced the completion of
bought deal financing. The net proceeds of $77.5 million will be used to fund the corporation's ongoing exploration and development activities and for general corporate purposes.
Balmoral Resources Ltd. (
TSX: T.BAR,
Stock Forum) rose 4.4% to 47 cents after the gold-focused company announced that Graeme Currie has joined the company as a member of the
Board of Directors, effective Jan. 13, 2014. Currie most recently served as Director, Investment Banking at CanaccordGenuity Ltd. where he concentrated specifically on the junior mining sector.
ATAC Resources Ltd. (
TSX: V.ATC,
Stock Forum) lost 3.4% to 57 cents after news that the Yukon-based exploration company has renewed the
Exploration Cooperation Agreement with the First Nation of the Na Cho Nyäk Dun (NND). The agreement, originally announced on Oct. 28, 2010, provides a framework within which exploration activities and environmental regulatory processes on ATAC's Rackla gold project have been and will continue to be carried out.
Braeval Mining Corp. (
TSX: T.BVL,
Stock Forum) was down 18.8% to seven cents after the exploration and development company received
initial diamond drilling results from the Guaynopa project located in the Chihuahua State of Mexico and determined to redirect its efforts in favour of its more prospective assets.
| Select Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern) |
| Commerce Resources Corp. (V.CCE, Stock Forum) |
23.53% |
| Thompson Creek Metals Company Inc. (T.TCM, Stock Forum) |
19.41% |
| LX Ventures Inc. (V.LXV, Stock Forum) |
15.69% |
| Zenyatta Ventures Ltd. (V.ZEN, Stock Forum) |
13.16% |
| Questor Technology Inc. (V.QST, Stock Forum) |
10.00% |
| Select Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern) |
| Pinecrest Energy Inc. (V.PRY, Stock Forum) |
-41.10% |
| North American Palladium Ltd. (T.PDL, Stock Forum) |
-10.81% |
| TransGaming Inc. (V.TNG, Stock Forum) |
-8.82% |
| Torex Gold Resources Inc. (T.TXG, Stock Forum) |
-7.50% |
| Tekmira Pharmaceuticals Corporation (T.TKM, Stock Forum) |
-5.52% |