Stockhouse Canadian Small and Micro-cap Stock Report for Thursday, April 7, 2011
TORONTO (SHfn) – Channel Resources (TSX: V.CHU, Stock Forum) shares powered 23% higher to 39.5 cents on Thursday after the micro cap miner reported results of metallic screen assays that were performed on selected intersections from previously reported drill holes in the Mankarga Zone of the Tanlouka Gold Project in Burkina Faso, West Africa. These results confirm the presence of coarse gold in both Mankarga 1 and Mankarga 5 target areas, demonstrating the need for adjustments in sample analysis methods in future drill programs. For example, 46 samples (each representing a two-metre sample interval) were re-assayed from Tan10-RC12 and Tan 10-RC13 in the Mankarga 1 target area. The results from Tan10-RC12 show an average 50% increase in the metallic screen assays over those from standard fire assays for the 20 samples tested.
As well, shares of CO(2)Solution (TSX: V.CST, Stock Forum) rose 63% to 28.5 cents as the carbon capture company announced a new pilot program, in collaboration with Alcoa and Codexis, focused on carbon capture technology designed to sequester industrial carbon emissions, neutralizing the material to create a commercially viable product. The project will be funded by Alcoa along with approximately $13.5 million in funding from the U.S. Department of Energy received from an award with the National Energy Technology Laboratory.
MKS Inc. (TSX: T.MKX, Stock Forum), meanwhile, reported that it has entered into a definitive acquisition agreement pursuant to which PTC (NASDAQ: PMTC, Stock Forum) has agreed to acquire MKS for $26.20 per share in cash, or a total consideration of approximately $292.5 million. MKS stock popped 37% to $26.01.
Shares of iSIGN Media Solutions (TSX: V.ISD, Stock Forum) jumped 23% to 27 cents after the developer of location-based interactive proximity advertising solutions announced that it has received a purchase order from Pinpoint Media Group Inc. to download 1,400 Interactive Marketing Solution 3.1 software licenses into their digital signage network located in convenience stores across Canada and that it has shipped an initial 500 Transceivers to Pinpoint. When the 1,400 software licenses are fully activated, gross revenues to iSIGN will be $3.0 million in the first year and a total of $9.0 million over the full three-year term of iSIGN's agreement with Pinpoint.
And, Cap-Ex Ventures (TSX: V.CEV, Stock Forum) Thursday said it has entered in to three separate agreements to acquire 100% interests in three strategic direct shipping ore iron properties near Schefferville, Quebec. Cap-Ex shares added 13% at $1.46.
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