On Monday, the top TSX mover was Uranium One Inc. (TSX: T.UUU, Stock forum). It climbed 14.94% and was trading at $2.77 on volume of 48.4 million shares. The uranium producer entered into a definitive agreement with SC Atomredmetzoloto (ARMZ), which is a wholly owned subsidiary of Rosatom, the Russian State Corporation for Nuclear Energy, under which the company would be taken private for $2.86 per share in cash.
ARMZ and its affiliates currently own 51.4% of the Uranium One common shares.
Aurizon Mines Ltd. (TSX: T.ARZ, Stock Forum) was the second most active stock on the TSX. The stock rocketed 33.14% to trade at $4.54 on volume of 9.5 million. Between January 10 and 13, 2013, Alamos Gold Inc. (TSX: T.AGI, Stock Forum) acquired, in the aggregate, 23,507,283 Aurizon shares pursuant to share purchase agreements entered into between Alamos and certain shareholders of Aurizon.
The shares acquired represent approximately 14.3% of the issued and outstanding shares of the gold producer
Furthermore, Alamos announced that it had commenced a formal offer to acquire all of the issued and outstanding Aurizon Shares in a takeover bid circular dated Jan.14, 2013, other than those Aurizon Shares already owned by Alamos and its affiliates.
Zodiac Exploration Inc. (TSX: T.ZEX, Stock Forum) was the volume leader on the TSX Venture Exchange. It was up 3.85% and was trading at $0.135 on volume of 2.4 million. The junior explorer had no related news to explain the high volume in trading.
The second most active stock on the TSX Venture was Visible Gold Mines Inc. (TSX: T.VGD, Stock Forum) It rallied 16.67% and was trading at $0.035 after 2.1 million shares changed hands. On Dec. 4, the gold miner began its phase two drilling program on the Joutel property in Quebec