Affinor Resources (
CSE:AFI,
StockForum) rose 14.5% to 35 cents after Montreal Quebec-based mineral exploration firm turned medical marijuana hopeful, said it is proceeding with a non-brokered private placement offering of up to $2.5 million at a price of $0.25 per unit.
According to the
news release, “The common share purchase warrant has a term of two years exercisable at $0.40 with an early exercise provision when the common shares of the company trade above $0.75 for 20 consecutive trading days. A cash commission equal to 10 per cent of the gross proceeds of the private placement shall be payable. The closing of the private placement is expected to be on April 4, 2014.”
Eastmain Resources Inc. (
TSX: T.ER,
Stock Forum) rose 1.4% to 37 cents after the company released the final batch of assay results from a 2013 program that targeted its wholly-owned Clearwater Project in James Bay, Que.
According to press release, drilling on the Eau Claire gold deposit resulted in 132 gold-bearing intersections, containing an average of 10.8 grams gold per tonne, over an average of 4.34 metres.
| Select Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern) |
| Spectra7 Microsystems Inc. (V.SEV, Stock Forum) |
44.83% |
| Titanium Corporation Inc. (V.TIC, Stock Forum) |
18.00% |
| Stornoway Diamond Corporation (T.SWY, Stock Forum) |
10.20% |
| Magellan Aerospace Corporation (T.MAL, Stock Forum) |
8.61% |
| Supreme Pharmaceuticals Inc. (V.SL, Stock Forum) |
8.33% |
| Select Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern) |
| Tekmira Pharmaceuticals Corporation (T.TKM, Stock Forum) |
-14.54% |
| Yoho Resources Inc. (V.YO, Stock Forum) |
-8.57% |
| Western Potash Corp. (T.WPX, Stock Forum) |
-7.25% |
| OneRoof Energy Group, Inc. (V.ON, Stock Forum) |
-4.76% |
| Ballard Power Systems Inc. (T.BLD, Stock Forum) |
-4.55% |