On Monday, Invicta Energy Corp. (TSX: V.VCA, Stock Forum) jumped 30% to 52 cents after the oil and gas junior announced an arrangement agreement with Whitecap Resources Inc. (TSX: T.WCP, Stock Forum), whereby the exploration and development company would acquire Invicta for either a 0.05891 of a Whitecap common share or $0.51911 in cash per a share. The exploration and development company said it would acquire Invicta to extend its existing oil drilling operations in west central Saskatchewan.
Canadian Zinc Corp. (TSX: T.CZN, Stock Forum) was up 9.6% to 57 cents. The stock is reacting to news that on March 15, 2013 the Mackenzie Valley Land and Water Board issued a Draft Type "A" Water Licence and two Draft Type "A" Land Use Permits for the operation of the Prairie Creek mine. The Water Licence will entitle Canadian Zinc (Licensee) to conduct mining, milling and associated activities at the Prairie Creek mine site, dewater the underground mine for the purpose of mining, use water for processing and domestic purposes, and to dispose of waste for mining and milling, and backfill paste tailings and waste rock into the underground mine. Furthermore, the Land Use Permits will authorize construction and other activities on the Prairie Creek mine site and on the winter road transfer facility near the Liard highway.
In Tuesday trading, Graniz Mondal Inc. (TSX: V.GRA.H, Stock Forum) soared 38% to 0.345 cents after the graphite-focused junior said it had discovered wide intercepts of graphite mineralization at the Brunet graphite deposit located near Mont-Laurier, Quebec. The highlights included over 209 feet grading 5% graphite and over 163 feet grading 7.2% graphite.
Encanto Potash (TSX: V.EPO, Stock Forum) was up 9% to 30 cents. The stock is reacting to news that the Harper Government supports development of the first ever on-reserve potash mine. The Muskowekwan First Nation potash mine project has been accepted by the federal government under the First Nations Commercial and Industrial Development Act. Once the project gets under way, it is expected to generate approximately 1,000 construction jobs for the development of the mine and nearly 500 jobs once it is fully operational. In addition, the mine is expected to generate tens of millions in revenue royalties for the First Nation annually.
On Wednesday, Avanti Mining Inc. (TSX: V.AVT, Stock Forum) jumped 14% to 0.08 cents after the exploration and development company announced that an Environmental Assessment Certificate was issued for the Kitsault molybdenum mine by the British Columbia Minister of Environment and the Minister of Energy, Mines and Natural Gas. The past producing mine is located north of Prince Rupert.
Skyharbour Resources Ltd. (TSX: V.SYH, Stock Forum) climbed 9% to 0.06 cents as investors assessed the news that exploration junior acquired a large portfolio of mineral claims comprising six uranium properties in approximately 209,000 acres of land in the Athabasca Basin region, northern Saskatchewan. The Athabasca Basin hosts the world's largest and richest high-grade uranium deposits accounting for approximately 20% of global primary uranium supply.
On Thursday, 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.
And, in Friday trading, Cerro Resources NL (TSX: V.CJO, Stock Forum) rose 3.5% to 15 cents after the metals exploration and development company said that the Australian Securities and Investments Commission had registered the Scheme Booklet, which details Cerro's previously announced proposed transaction with Primero Mining Corp. (TSX: T.P, Stock Forum). The booklet describes the spinout of Cerro's non-Cerro del Gallo assets to Cerro's subsidiary Santana Minerals Ltd. and the acquisition by Primero of all the shares Cerro has on issue in exchange for shares in Primero on the basis of 0.023 of a Primero share for each one Cerro share.
Invicta Energy Corp. (TSX: V.VCA, Stock Forum) climbed 1.8% to 56 cents as investors assessed the news that the oil and gas junior achieved positive earnings by the end of the first quarter of 2012 and annual earnings of $1.3 million for the year as compared to a loss of $0.6 million last year.