Connacher Oil and Gas Ltd. (
TSX: T.CLL,
Stock Forum) traded up to 2.5 cents Monday on volume of 12.2 million after the company said it has closed a previously announced recapitalization. The stock closed at 2 cents.
The recapitalization included the exchange of approximately $1 billion of Connacher debt for common shares of Connacher, and the issuance by the company of US$35 million worth of convertible notes,
Connacher said in a press release.
Crocodile Gold Corp. (
TSX: T.CRK,
Stock Forum) jumped 13% to 30.5 cents after the company said it signed a definitive agreement to merge with
Newmarket Gold Inc. (
TSX: V.NGN,
Stock Forum).
According to the
news release, the combination would result in the creation of a strong gold producing company with enhanced capital markets exposure and access to capital.
Cordoba Minerals Corp. (
TSX: V.CDB,
Stock Forum) rose 22% to 22 cents after the Toronto-based mineral exploration company, announced that Robert Friedland company High Power Exploration Inc. would invest $1.022 million for an 11% stake in Cordoba. If HPX exercises their 20 cent warrants, it would mean a $2.5 million investment for a 15% Cordoba stake.
The money will be spent on the ground in Colombia, where Cordoba has tied up a large land package already proven to contain clusters of high-grade porphyry copper-gold deposits,
Cordoba said in a press release.
| Select Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern) |
| Edgewater Wireless Systems Inc. (V.YFI, Stock Forum) |
28.57% |
| Cordoba Minerals Corp. (V.CDB, Stock Forum) |
22.22% |
| CO2 Solutions Inc. (V.CST, Stock Forum) |
13.21% |
| Crocodile Gold Corp. (T.CRK, Stock Forum) |
12.96% |
| Continental Gold Limited (T.CNL, Stock Forum) |
8.85% |
| Select Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern) |
| Keek Inc. (V.KEK, Stock Forum) |
-8.62% |
| Loyalist Group Limited (V.LOY, Stock Forum) |
-7.78% |
| Convalo Health International, Corp. (V.CXV, Stock Forum) |
-6.67% |
| DIRTT Environmental Solutions Ltd. (T.DRT, Stock Forum) |
-6.03% |
| PHX Energy Services Corp. (T.PHX, Stock Forum) |
-5.14% |