Stockhouse Canadian Small and Micro-cap Stock Report for Wednesday, June 3, 2009
TORONTO (SHfn) – Gold results got the attention of some speculators Wednesday, while a toy licensing agreement wasn’t child’s play.
East Asia Minerals (TSX: V.EAS, Stock Forum) shares climbed as much as 20% before closing up 9% to 70 cents on Wednesday after the micro cap explorer said it has discovered a new extension to its Miwah Gold Project in Northern Sumatra, Indonesia. Initial rock chip sampling included 125.9 grams per tonne (g/t) gold over 23 metres.
As well, shares of Fjordland Exploration (TSX: V.FEX, Stock Forum) powered 38% higher to 11 cents as the junior explorer reported that the Woodjam Joint Venture, comprising Fjordland (60%) and Cariboo Resources (TSX: V.CRB, Stock Forum) (40%), has signed a Letter Agreement granting an option to Gold Fields Netherlands Services BV, a member of the Gold Fields Limited group of companies, to earn up to a 70% interest in a portion of the Woodjam gold-copper property in British Columbia. Cariboo shares surged 42% to 13.5 cents.
Confederation Minerals (TSX: V.CFM , Stock Forum), meanwhile, announced that American Potash LLC, a Nevada limited liability corporation owned 50% by each of Confederation and Magna Resources Ltd, has entered into an option agreement with Sweetwater River Resources LLC, John Glasscock and Kent Ausburn to acquire pending applications to the United States Bureau of Land Management and the State of Arizona for exploration permits, together with all permits and other rights issued pursuant to the applications, to allow the exploration of potash prospects in Utah and Arizona. Confederation stock popped 25% to 20 cents.
Shares of MEGA Brands (TSX: T.MB, Stock Forum) shot up 82% to 70 cents after the maker of construction toys, games & puzzles, arts & crafts and stationery said it has entered into a multi-year, global licensing agreement with HIT Entertainment, an independent children's entertainment producers and rights owners, to develop construction toys based on the preschool licensed property, Thomas & Friends(TM).
And, Angiotech Pharmaceuticals (TSX: T.ANP, Stock Forum) Wednesday announced the completion of a collaboration transaction with Haemacure Corporation (TSX: T.HAE, Stock Forum), a specialty bio-therapeutics company, relating to certain of Haemacure's proprietary fibrin and thrombin technologies, both of which are currently in development. As part of this collaboration, Angiotech has agreed to provide to Haemacure a senior secured bridge financing facility in the amount of US$2.5 million, with the option for Angiotech to invest an additional US$1 million in the facility. Angiotech shares jumped 20% to $2.06.
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