Stockhouse Canadian Small and Micro-cap Stock Report for Monday, February 14, 2010.
TORONTO (SHfn) – Canadian Orebodies Inc. (TSX: V.CO, Stock Forum) jumped 70% to 31.5 cents on Monday after the company said it has entered into a non-arm’s length agreement to acquire a 100 per cent interest in the Haig Inlet Iron Ore project in the Canadian Nunavut. The company said the property was drilled in the 1950s and the vendors will hang onto a 3% gross overriding royalty, of which one third can be acquired by Orebodies for up to $3 million.
Passport Potash Inc. (TSX: V.PPI, Stock Forum) shot up 9% to $1.04. The company said it has reached an exploration milestone at the Twin Buttes Ranch property in Arizona’s Holbrook Basin, where a portion of the seismic survey and three new drill holes have been completed. The company said it has applied for additional prospecting permits on the southwestern portion of the Holbrook Basin, which is known to contain a 600-quare-mile potash bed.
Gold Finder Explorations Ltd. (TSX: V.GFN, Stock Forum) gained 1% to 99 cents after the junior said it has signed a memorandum of understanding with Texas engineering firm Holloman Corp. with respect to two gold prospects in Central Asia. Gold Finder said it expects the due diligence process to take about two months. It also said there is no guarantee that the due dilligence will result in a commercial agreement.
| Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern) |
| Top Canadian Small/Micro-cap Decliners |
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