Stockhouse Canadian Small and Micro-cap Stock Report for Tuesday, March 13, 2013 TORONTO (SHfn) - EastCoal Inc. (TSX: V.ECX, Stock Forum) climbed 27% to 7 cents on Wednesday after receiving TSX-V approval following an agreement with Aponet Enterprises Ltd. to amend the $0.65 conversion price of its US$4 million debenture issued as part of the acquisition of Inter Invest, the owner of the Menzhinsky mine, to CDN$0.23, and to convert the debenture into 17,391,305 common shares of EastCoal Inc. effective 12 March 2013.The new common shares, which rank equally with the existing common shares in the company, will be admitted to trading on AIM and the TSX-V on March 18, 2013.
Puma Exploration Inc. (TSX: V.PUM, Stock Forum) was also up 3% to 16 cents. The stock is reacting to drill results of hole FM12-01 drilled at the Millstream Iron Skarn Deposit and grading 0.41% copper equivalent over 60.5 meters. The hole was collared to drill test the depth extension of the deposit, located in New Brunswick, outcropping at surface.
Bay Uranium Corp. (TSX: V.BYU, Stock Forum) fell 5% to 0.085 cents after the company said that Pacific Road Resources Funds (PRRF) completed a subsequent US$2.5 million investment in the Reno Creek In Situ Recovery uranium project located in the Powder River Basin of Wyoming. The funding is the first part of a US$5.5 million new investment in AUC LLC, which together with cash on hand will fund the US$7.5 million work program in 2013. The planned work program for the Reno Creek project in 2013 is to advance the permitting process and conduct additional drilling.
| Top Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern) |
| Rainy Mountain Royalty Corp. (V.RMO, Stock Forum) |
20.00% |
| Vanstar Mining Resources Inc. (V.VSR, Stock Forum) |
42.86% |
| Westbridge Energy Corporation (V.WEB, Stock Forum) |
40.00% |
| Kombat Copper Inc. (V.KBT, Stock Forum) |
33.33% |
| Gemoscan Canada, Inc. (V.GES, Stock Forum) |
33.33% |
| Top Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern) |
| Nuvolt Corporation Inc. (V.NCO, Stock Forum) |
-52.94% |
| Laurentian Goldfields Ltd. (V.LGF, Stock Forum) |
-46.15% |
| Infrastructure Materials Corp. (V.IFM, Stock Forum) |
-45.00% |
| Southern Hemisphere Mining Limited (V.SH, Stock Forum) |
-42.86% |
| International Samuel Exploration Corp. (V.ISS, Stock Forum) |
-38.89% |