Stockhouse Canadian Small and Micro-cap Stock Report for Thursday, December 11, 2008
TORONTO (SHfn) - Speculators took a shine to gold drill results Thursday, while some tech shareholders 'chalked' up a big win.
Rubicon Minerals (TSX: T.RMX, Stock Forum) shares climbed 19% to $1.14 on Thursday after the miner reported results of step-out drilling from barge and land based drilling at its 100%-controlled Phoenix Gold Project located in the heart of the Red Lake gold district of Ontario, which included 3151.1 grams per tonne (g/t) gold over 0.5 metres.
As well, shares of Chalk Media (TSX: V.CKM, Stock Forum) skyrocketed 189% to 13 cents as the multimedia content provider said it has entered into an arrangement agreement for Research In Motion (TSX: T.RIM, Stock Forum) to acquire Chalk in an all-cash transaction at a price per share of 14.2 cents, or $23.125 million.
Orezone Resources (TSX: T.OZN, Stock Forum), meanwhile, announced that it has entered into a definitive arrangement agreement whereby IAMGOLD (TSX: T.IMG, Stock Forum) would acquire, via a plan of arrangement, all of the outstanding common shares of Orezone for about US$139 million, or 49 cents a share. Orezone stock popped 197% to 52 cents.
Shares of New Flyer Industries (TSX: T.NFI.UN, Stock Forum) jumped 7% to $7.55 after the manufacturer of heavy-duty transit vehicles in Canada and the United States said it has received orders, including firm orders and options, over the last three months for up to 1,482 buses for a combined value of US$1.004 billion.
And, Apollo Gold (TSX: T.APG, Stock Forum) Thursday reported that it has closed a US$15 million bridge financing facility relating to its 100% owned Black Fox gold deposit project near Timmins, Ontario. Its shares powered 88% higher to 30 cents.
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