On Monday, Trade Winds Ventures (TSX: V.TWD, Stock Forum) shares climbed 43% to 41.5 cents after the micro cap explorer said it has entered into a definitive agreement pursuant to which Detour Gold (TSX: T.DGC, Stock Forum) will acquire all of the issued and outstanding common shares of Trade Winds, by way of a court approved plan of arrangement, for total consideration of $84 million. Under the terms of the agreement, Trade Winds shareholders will receive 0.0142 of a Detour Gold share and $0.0001 in cash for each Trade Winds share held.
As well, shares of Afexa Life Sciences (TSX: T.FXA, Stock Forum) added 15% at 86 cents as Valeant Pharmaceuticals International (TSX: T.VRX, Stock Forum) announced that it intends to raise its takeover offer for Afexa to 85 cents per common share, an increase of 20% from 71 cents originally offered under an agreement announced on August 30, 2011.
In Tuesday trading, Avino Silver & Gold Mines (TSX: V.ASM, Stock Forum) shares jumped 21% to $2 after the micro cap miner announced results of further drilling at the Guadalupe zone on its property north-east of Durango, Mexico, which included 1.35 metres of 451 grams per tonne (g/t) silver.
Also, shares of Max Resource (TSX: V.MXR, Stock Forum) shot up 26% to 24 cents as the junior explorer reported initial results from an eight-hole drill program recently completed at its Majuba Hill copper/silver project in Nevada, which included 42.7 metres of 37.5 g/t silver and 0.38% copper.
Wednesday’s market action saw shares of PanTerra Resource (TSX: V.PRC, Stock Forum) surge as much as 22% to 27.5 cents after the oil and gas producer/explorer announced that due to recent activities at its 100% held Tomahawk and Carrot Creek, Alberta properties, daily oil production has increased by 100% to 150 barrels of oil per day with gas production of 100 mcf per day for a daily total of 155 BOEPD.
In addition, shares of Intermap (TSX: T.IMP, Stock Forum) moved up 27% to 30.5 cents as the provider of location-based information solutions created from its 3D digital models of the earth's surface said it has received a $6.2 million contract to provide digital elevation data and orthorectified radar imagery from its NEXTMap database. Under the terms of the agreement, Intermap will begin delivering the data during the first quarter of 2012.
On Thursday, Pershimco Resources (TSX: V.PRO, Stock Forum) shares powered as much as 11% higher to 90 cents after the explorer reported assay results from the 2011 exploration campaign at its Cerro Quema Gold-Copper Project in Panama, which included 36 meters at 3.61 grams per tonne (g/t) gold and 94 meters at 0.93 g/t gold.
As well, shares of Everton Resources (TSX: V.EVR, Stock Forum) gained 21% to 20 cents as the junior miner announced that it has agreed to revised terms whereby it has acquired the option to purchase Brigus Gold’s (TSX: T.BRD, Stock Forum) remaining 50% interest in the Ampliacion Pueblo Viejo II, Ponton and La Cueva concessions in the Dominican Republic. The binding agreement requires Everton to issue 15 million treasury common shares to Brigus to acquire the option. Pursuant to the option, Everton can acquire Brigus' remaining interest in the concessions by paying Brigus $500,000 cash and an additional $500,000 in cash or common shares with a value of $500,000 by December 31, 2011.
And, in Friday trading, Josephine Mining (TSX: V.JMC, Stock Forum) shares climbed 30% to 52 cents after the micro cap miner announced a drilling update on the Turner Gold Project in Oregon, which included 4.67 grams per tonne (g/t) gold, 30.96 g/t silver, 1.5% copper, and 8.2% zinc, netting a gold equivalent grade of 11.52 g/t over 105 feet.
Finally, shares of F.D.G. Mining (TSX: V.FDG, Stock Forum) rose 37% to 31.5 cents as the junior explorer said it has identified a number of veins in two new areas on the concession at its Topacio property in Nicaragua as well as extensive zones underlain by silicified breccia. Selected grab samples from silicified breccia carry multi-gram amounts of gold and silver (up to 32.1 g/t gold, 842.6 g/t silver).