Stockhouse Canadian Small and Micro-cap Stock Report for Tuesday, September 28, 2010
TORONTO (SHfn) - North Peace Energy (TSX: V.NPE, Stock Forum) jumped 43% to 21.5 cents Tuesday, as the early stage in-situ oil sands player said it has entered into an agreement whereby Southern Pacific Resource (TSX: T.STP, Stock Forum) will acquire all of the issued and outstanding shares of North Peace. Under the terms of the arrangement, North Peace shareholders will receive 0.185 of a Southern Pacific common share for each one North Peace common share, or about 21 cents for each North Peace share.
As well, Laurion Mineral Exploration (TSX: V.LME, Stock Forum) Tuesday announced the completion of an initial comprehensive prospecting program on its Sturgeon River Property in Beardmore, Ontario, resulting in the discovery of two new gold mineralized zones. Sample grades included 124 g/t gold with 79 g/t silver. Laurion shares added 41% to 12 cents.
Shares of Happy Creek Minerals (TSX: V.HPY, Stock Forum) climbed 16% to 36 cents after the junior explorer reported results from exploration conducted on its 100% owned Fox tungsten-molybdenum property in British Columbia, which included 7.3 metres of 1.25% W03 (tungsten trioxide).
Oncolytics Biotech (TSX: T.ONC, Stock Forum), meanwhile, announced that it has been granted U.S. Patent, No. 7,803,385 entitled "Reoviruses Having Modified Sequences." The patent claims cover methods for making and using modified reoviruses, and pharmaceutical compositions that include modified reoviruses. Oncolytics stock popped 12% to $4.91.
AM Gold (TSX: V.AMG, Stock Forum) shares closed unchanged at 54 cents after the micro cap miner reported drill results from its Red Mountain Project in the Yukon, which included 487.4 metres at 0.72 grams per tonne (g/t) gold, including 14.50 metres of 4.23 g/t gold.
| Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern) |
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