Stockhouse Canadian Small and Micro-cap Stock Report for Monday, April 5, 2010
TORONTO (SHfn) – Comaplex Minerals (TSX: T.CMF, Stock Forum) shares climbed 24% to $9.90 on Monday after the miner reported that Agnico-Eagle Mines (TSX: T.AEM, Stock Forum) will acquire all of the shares of Comaplex that it does not already own. Under the terms of the transaction, each shareholder of Comaplex will receive 0.1576 of an Agnico-Eagle share per Comaplex share. Additionally, at closing, each Comaplex shareholder other than Agnico-Eagle and Perfora Investments S.a.r.l. will receive one common share of a newly formed, wholly-owned, subsidiary of Comaplex in respect of each Comaplex share. The total value of the consideration received by Comaplex shareholders, other than Agnico-Eagle and Perfora, is estimated to be $10.32 per Comaplex share.
As well, Æterna Zentaris (TSX: T.AEZ, Stock Forum) shot up 20% to 96 cents as the late-stage drug development company specialized in oncology and endocrine therapy announced that its partner, Keryx Biopharmaceuticals (NASDAQ: KERX, Stock Forum), was granted Fast Track designation by the U.S. Food and Drug Administration for perifosine (KRX-0401), the company's oral anti-cancer agent that inhibits the phosphoinositide 3-kinase (PI3K)/Akt pathway for the treatment of refractory advanced colorectal cancer.
Bear Lake Gold (TSX: V.BLG, Stock Forum), meanwhile, said it has reached an agreement in principle to settle the class action commenced in Ontario against the company, its directors and certain of its current and former officers. Bear Lake stock popped 41% to 24 cents.
And, PC Gold Inc. (TSX: T.PKL, Stock Forum) Monday reported that it has reached an agreement with Cormark Securities Inc. and including Canaccord Financial Ltd. in respect of the guaranteed agency basis offering announced on April 5, 2010, to increase the total size of the offering to $9.1 million. Its shares surged 16% to $1.68.
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