Stockhouse Canadian Small and Micro-cap Stock Report for Thursdau, March 21, 2013 TORONTO (SHfn) - Crocodile Gold Corp. (TSX: T.CRK, Stock Forum) climbed 4% to 0.245 cents as investors assessed the news that the gold mining company has filed a short form prospectus with the securities regulators in each of the Provinces of Canada (other than Québec) for its previously announced marketed public offering of $30 million aggregate principal amount of 5.0% convertible second lien debentures . The company is pursuing the debenture offering to fund several key projects that will further the growth of the company in both the Northern Territory and State of Victoria.
Carmanah Technologies Corp. (TSX: T.CMH, Stock Forum) was up 3.5% to 29 cents after the manufacturer of solar-based technologies reported sales of more than $875,000 of the Go Power! product line for the RV market. This represents a 23% performance increase from the 2012 program. Carmanah's Go Power! group produces and distributes solar charging kits and power inverters for the Canadian RV market and continues to show strong year-on-year growth in 2013.
Galway Gold Inc. (TSX: V.GLW, Stock Forum) lost 3.5% to 28 cents after the mineral exploration company announced assay results from eight underground diamond drill holes at its Vetas gold-silver project, host of the El Volcan mine. El Volcan is the largest mine in the Vetas-California-Surata region of Colombia. Highlights of the drilling results include over 4.36 metres grading 27.2 grams per tonne gold and 10.8 grams per tonne silver and over 1.22 metres grading 174.4 grams per tonne gold and 67.0 grams per tonne silver.