Telesta Therapeutics Inc. (
TSX: T.TST,
Stock Forum) rose 12% to 34.5 cents Tuesday after the company said it has submitted a biologics license application to the U.S. Food and Drug Administration for its bladder cancer treatment MCNA.
MCNA is Telesta’s novel biologic immunotherapeutic for the treatment of high-risk non-muscle invasive bladder cancer patients who have failed first-line BCG therapy,
the company said in a press release. Telesta also said it has received a waiver exempting Telesta from the payment of the US$2.3 million BLA application fee.
Laurion Mineral Exploration Inc. (
TSX: V.LME,
Stock Forum) soared 33% to 2 cents. Trading in the stock resumed Tuesday morning following news that a Dallas, Texas oil and gas private equity group has agreed to make a $6 million strategic investment in Laurion.
The private equity group is making the investment by way of a non-brokered private placement of common shares in three tranches. The first is a subscription of $1 million for 20 million common shares at $0.05 per share. The second is a subscription of $2.5 million for 50 million shares at $0.05. The third is a subscription of $2.5 million for 48.3 million shares at $0.052 per share,
the company said in a press release.
The principal terms of the private placement provide the private equity group with the right to subscribe for 118.3 million common shares of Laurion, representing 51% of the shares outstanding.
Rodinia Lithium Inc. (
TSX: V.RM,
Stock Forum) was also up 33% to 2 cents after the Argentina-focused company said it had completed a debt for shares settlement with various creditors.
As previously announced, the company has issued 33.7 million shares of Rodinia at $0.05 a share,
the company said in a press release.
| Select Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern) |
| North Country Gold Corp. (V.NCG, Stock Forum) |
30.00% |
| Lithium Americas Corp. (T.LAC, Stock Forum) |
16.22% |
| Theratechnologies Inc. (T.TH, Stock Forum) |
11.68% |
| Telesta Therapeutics Inc. (T.TST, Stock Forum) |
11.29% |
| CRH Medical Corporation (T.CRH, Stock Forum) |
11.27% |
| Select Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern) |
| Walter Energy Inc (WLT, Stock Forum) |
-9.54% |
| Western Lithium USA Corporation (T.WLC, Stock Forum) |
-7.81% |
| Horizons BetaPro NYMEX Crude Oil Bear Plus ETF (T.HOD, Stock Forum) |
-3.93% |
| Lake Shore Gold Corp. (T.LSG, Stock Forum) |
-3.76% |
| Semafo Inc. (T.SMF, Stock Forum) |
-3.72% |