Coastal Gold Corp. (
TSX: V.COD,
Stock Forum) shares jumped 100% to 4 cents Tuesday after the company said it has received an unsoliciated takeover offer from
First Mining Finance Corp. (
TSX: V.FF,
Stock Forum).
First Mining is offering to acquire all of the outstanding shares of Coastal Gold for 0.122 shares of FMF for each Coastal Gold share by way of a plan of arrangement,
the company said in a press release.
| Select Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern) |
| Coastal Gold Corp. (V.COD, Stock Forum) |
100.00% |
| Convalo Health International, Corp. (V.CXV, Stock Forum) |
26.53% |
| Patient Home Monitoring Corp. (V.PHM, Stock Forum) |
13.67% |
| theScore, Inc. (V.SCR, Stock Forum) |
10.00% |
| MAG Silver Corp. (T.MAG, Stock Forum) |
9.46% |
| Select Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern) |
| Avalon Rare Metals Inc. (T.AVL, Stock Forum) |
-19.10% |
| Questor Technology Inc. (V.QST, Stock Forum) |
-14.22% |
| Counsel Corporation (T.CXS, Stock Forum) |
-10.38% |
| Theratechnologies Inc. (T.TH, Stock Forum) |
-9.23% |
| Horizons BetaPro S&P\/TSX Global Gold Bear Plus ETF (T.HGD, Stock Forum) |
-6.58% |