Stockhouse Canadian Small and Micro-cap Stock Report for Friday, January 20, 2012
TORONTO (SHfn) – Calibre Mining (TSX: V.CXB, Stock Forum) shares climbed 103% to 37.5 cents on volume of more than 25 million shares Friday after the micro cap explorer/developer and B2Gold (TSX: T.BTO, Stock Forum) reported results from the first three diamond drill holes from the Primavera project within the Borosi concession in Nicaragua. Assay results from these holes have confirmed the presence of widespread gold and copper values similar to those previously reported from surface trenching, and include 103 metres of 0.85 grams per tonne (g/t) gold and 0.324% copper. B2Gold may earn up to a 51% interest in specific concessions within the Borosi area by funding $8.0 million in expenditures by June 2014.
As well, shares of CardioComm Solutions (TSX: V.EKG, Stock Forum) shot up 225% to 13 cents on more than 11 million shares traded as the medical provider of ECG acquisition and management software solutions said it received clearance from the Food and Drug Administration (FDA) for over-the-counter (OTC) sales and marketing of their consumer-based, hand-held heart rhythm monitor known as the HeartCheck Pen Handheld ECG.
Goldbrook Ventures (TSX: V.GBK, Stock Forum), meanwhile, announced that it has entered into a support agreement with China’s Jilin Jien Nickel Industry Co., Ltd., pursuant to which Jilin Jien has agreed to make an offer to acquire all of the outstanding common shares of Goldbrook for 39 cents per common share, or a total consideration of approximately $100 million on a fully-diluted basis. Goldbrook stock popped 45% to 35.5 cents on volume of more than six million shares.
And, Storm Resources (TSX: V.SRX, Stock Forum) Friday said it would buy Bellamont Exploration (TSX: V.BMX.A, Stock Forum) in a cash-and-stock deal valued at $82.6 million, to increase its operations in the Montney formation in British Columbia. Bellamont stockholders can opt to receive 56 Canadian cents a share in cash, subject to a maximum aggregate consideration of $20 million. They can also choose to swap each of their shares for 0.1445 of a Storm share, or to be paid in both cash and stock. Bellamont shares rose as much as 21% to 51 cents.
| Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern) |
| Top Canadian Small/Micro-cap Decliners |
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