Stockhouse Canadian Small and Micro-cap Stock Report for Wednesday, Janurary 22nd, 2014
TORONTO (SHfn) –
Great West Minerals Group Ltd. (
TSX: V.GWG,
Stock Forum) rose 30% to 13 cents Wednesday after the rare metals company released a corporate update. Great West said Don Siemens has been appointed as an independent director. The company also said its bond holders have voted to support a decision that would allow
Star Minerals Group Ltd. (
TSX: V.SUV,
Stock Forum) to acquire from Great West a 51% interest in the Hoidas Lake Project in northern Saskatchewan. The company has also retained CIBC World Markets Inc. as its exclusive financial advisor.
Northern Lion Gold Corp. (
TSX: V.NL,
Stock Forum) was up 11% to 4 cents after the company unveiled results of a recently completed drill program with its joint venture partner Centerra Gold Inc. in the Republic of Cyprus. These results include the discovery of new volcanogenic-hosted massive sulphide-related mineralization in the Mavroy area, located in the Paphos District of western Cyprus.
Orezone Gold Corp. (
TSX: T.ORE,
Stock Forum) fell 6% to 61 cents after the company announced results of a preliminary economic assessment (PEA) for its wholly-owned Bombore Gold Project in Burkina Faso, West Africa. The PEA is based on a mineral resource of 1.3 million ounces, grading 0.88 grams per tonne, a projected mine life of 8.1 years and annual production of 123,000 ounces and a projected initial capital cost of $180 million. The government of Burkina Faso benefits from its 105” free-carried shareholding, the gold royalty, corporate tax and withholding taxes.
Amorfix Life Sciences Ltd. (
TSX: T.AMF,
Stock Forum) jumped 16% to 40 cents after the company said Wednesday it has signed a deal with a major global pharmaceutical company to use the human Alzheimer’s disease diagnostic assay in phase 1 clinical studies. Amorfix has granted the collaborator access to its proprietary EP-AD assay technology. But terms of the agreement have not been disclosed.
| Select Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern) |
| Saint Jean Carbon Inc. (V.SJL, Stock Forum) |
44.44% |
| Source Exploration Corp. (V.SOP, Stock Forum) |
35.71% |
| Great Western Minerals Group Ltd. (V.GWG, Stock Forum) |
30.00% |
| Ivernia Inc. (T.IVW, Stock Forum) |
22.22% |
| DragonWave Inc. (T.DWI, Stock Forum) |
14.94% |
| Select Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern) |
| Torex Gold Resources Inc. (T.TXG, Stock Forum) |
-16.48% |
| Timmins Gold Corp. (T.TMM, Stock Forum) |
-12.72% |
| Madalena Energy Inc. (V.MVN, Stock Forum) |
-8.97% |
| Excelsior Mining Corp. (V.MIN, Stock Forum) |
-8.64% |
| Rubicon Minerals Corporation (T.RMX, Stock Forum) |
-8.51% |