Stockhouse Canadian Small and Micro-cap Stock Report for Tuesday, October 11, 2011
TORONTO (SHfn) – Viper Gold (TSX: V.VPR, Stock Forum) shares climbed 32% to 25 cents on Tuesday after the micro cap explorer reported assay results of 39 grab samples taken from the Campbell Lake Property in northeastern Ontario. Grab samples from Campbell Lake quartz vein assayed up to 1,721 grams per tonne (g/t) gold and 3,582 g/t silver. Gold mineralization was also identified in grab samples over a full 175 metre strike length of the Campbell Lake quartz vein.
As well, shares of Auryx Gold (TSX: T.AYX, Stock Forum) shot up 54% to 71 cents as the junior miner and B2Gold (TSX: T.BTO, Stock Forum) announced that they have signed a binding agreement to combine the two companies at an agreed exchange ratio of 0.23 B2Gold shares plus a cash payment of $0.001 for each Auryx share held, which represents a purchase price of about 88 cents per Auryx share, or a total consideration of approximately $160 million.
Fireswirl Technologies (TSX: V.FSW, Stock Forum), meanwhile, reported that its subsidiary, Beijing Xingchang Xinda Technology Development Co., Ltd., has successfully signed an e-commerce collaboration agreement with Sino Light Enterprise, an associate company of Sandmartin International Holdings Limited. Fireswirl stock popped 61% to 14.5 cents.
Shares of Talison Lithium (TSX: T.TLH, Stock Forum) powered 27% higher to $3.77 after the lithium producer announced that it has sold 80,315 tonnes of lithium concentrate in its first quarter of fiscal 2012, a 53% increase from the same quarter last year.
And, SemBioSys Genetics (TSX: T.SBS, Stock Forum) Tuesday said it has signed a product and platform development collaboration agreement with Tasly Pharmaceuticals, Ltd. of Tianjin China and its wholly-owned subsidiary Tasly U.S. SemBioSys is a biotechnology company that utilizes its renewable, patented plant seed oil body and protein expression technology platforms to develop and make proteins and oils and drug candidates for health and wellness products. SemBioSys Genetics shares surged 91% to 10.5 cents.
| Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern) |
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