Stockhouse Canadian Small and Micro-cap Stock Report for Friday, March 11, 2010
TORONTO (SHfn) – Metals Creek Resources Corp. (TSX: V.MEK, Stock Forum) rose 14% to 25cents on Friday. The company said it has picked up additional ground in the Dawson Range gold district of the Canadian Yukon. The 166 claim units in four separate claim blocks include ground located about 40 kilometres to the north of Kinross Gold Corp.’s (TSX: T.K, Stock Forum) White Gold property. The company said the claims were staked to cover a number of gold geochemical anomalies.
Metalex Ventures Ltd. (TSX: V.MTX, Stock Forum) was up 8% to 92 cents after the junior unveiled the pricing for a private placement of up to $10 million worth of Metalex securities. The securities consist of flow through shares priced at $1 each and units worth 85 cents. Proceeds will be used to fund exploration at the junior’s kimberlite properties in Ontario and Quebec. The offering is expected to close at the end of the month and the agents get a 7% cash commission.
Timmins Gold Corp. (TSX: V.TMM, Stock Forum) also gained 7% to $2.33 on news that the junior has received conditional approval to list its shares on the Toronto Stock Exchange under the symbol TMM. The shares are expected to begin trading on the TSX later this month. Timmins Gold is a gold-producing company with operations in Mexico.
| Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern) |
| Top Canadian Small/Micro-cap Decliners |
To read more articles by Peter Kennedy please click here