On Monday, Matamec Explorations (TSX: V.MAT, Stock Forum) shares climbed 12% to 32 cents after the micro cap explorer said it has signed a non-binding Memorandum of Understanding with Toyota Tsusho Corp. (TTC), the trading company of the Toyota Motor Group, to fast track the development of Matamec’s Kipawa Deposit in Quebec in order to secure a Heavy REE supply for the production and marketing of hybrid and electric vehicles.
As well, shares of Dynetek Industries (TSX: T.DNK, Stock Forum) shot up 231% to 26.5 cents as the designer and manufacturer of proprietary fuel storage systems announced that it has entered into an agreement and certain non-binding letters of intent with respect to a series of four proposed transactions, which, among others things, may result in the acquisition of all of the issued and outstanding shares of Dynetek by S.V. Greentech Private Limited and collectively with its affiliates, financial investors and strategic partners, or an affiliate thereof, for a purchase price of 36 cents per share.
In Tuesday trading, Rodinia Oil (TSX: V.ROZ, Stock Forum) shares sank 62% to 6.5 cents after the oil and gas explorer reported that its second exploration well, "Kutjara-1," in the Officer Basin, South Australia reached a total measured depth of 2,453.7 metres at the top of the interpreted Mesoproterozoic section. Although there were encouraging shows in the well, the wireline log data acquired after completion of drilling did not indicate any commercial accumulations of hydrocarbons. As a result, Rodinia has now plugged and abandoned the well.
Also, shares of Digital Shelf Space (TSX: V.DSS, Stock Forum) moved up 19% to 15.5 cents as the independent producer of home entertainment content announced that it has signed a new, long-term license agreement with Georges St-Pierre related to potential future fitness products and services under the RUSHFIT brand, effective December 12, 2011.
Wednesday’s market action saw shares of Alder Resources (TSX: V.ALR, Stock Forum) surge 30% to 13 cents after the micro miner reported results for vertical channel samples from the mineralized dumps at its Rosita copper-gold-silver project in Nicaragua. Individual channels included average values of up to 2.27% total copper, 1.76% soluble copper, 2.37 grams per tonne (g/t) gold and 24.60 g/t silver.
In addition, shares of Crocodile Gold (TSX: T.CRK, Stock Forum) gained 43% to 48.5 cents as the gold junior acknowledged the press release issued by Luxor Capital Group on December 13, 2011, announcing its intention to make a partial bid to acquire, at a cash price of 56 cents per common share, up to 215,386,435 common shares of Crocodile Gold which, together with the common shares already owned and controlled by funds managed by Luxor, would constitute approximately 85% of the outstanding common shares of the company.
On Thursday, Pachamama Resources (TSX: V.PMA, Stock Forum) shares powered 111% higher to 80 cents after the micro cap explorer reported results from five additional drill holes from the current 15,000 metres drilling program at its 50%-owned Rio Grande copper-gold-silver project in Argentina, which included 54.5 metres with 1.34% copper, 4.52 grams per tonne (g/t) gold, and 2.68 g/t silver. The Rio Grande project is a 50/50 joint venture between Pachamama and Regulus Resources (TSX: V.REG, Stock Forum) with Regulus acting as the operator. Regulus shares shot up 93% to 87 cents.
As well, shares of Compass Petroleum (TSX: V.CPO, Stock Forum) rose 22% to $1.54 as the light oil explorer/developer said it has entered into an arrangement agreement providing for the acquisition by Whitecap Resources (TSX: T.WCP, Stock Forum) of all the issued and outstanding common shares of Compass. Under the terms of the transaction, Compass shareholders will receive, at their election, for each Compass share held, either: (i) 0.205 of a Whitecap common share; or (ii) $1.60 in cash, subject to an aggregate cash maximum of $20 million and a maximum distribution of approximately 10.9 million Whitecap common shares.
And, in Friday trading, Torex Gold Resources (TSX: T.TXG, Stock Forum) shares climbed as much as 16% to $1.63 after the gold junior reported that its wholly-owned subsidiary, Minera Media Luna S.A. de C.V., has signed a long-term, common land lease agreement with the Rio Balsas Ejido for the use of 507 hectares of land, for the future construction, mining, and processing of gold at its Morelos Gold Project in Mexico.
Finally, shares of CryptoLogic (TSX: T.CRY, Stock Forum) added 41% at $2.32 as the developer of online betting games and Internet casino software said it has agreed in principle to terms of a possible recommended offer from Amaya for the acquisition of the entire issued and to be issued share capital of CryptoLogic at US$2.50 per common share in cash.