Stockhouse Canadian Small and Micro-cap Stock Report for Thursday, March 28, 2013 TORONTO (SHfn) – Foran Mining Corp. (TSX: V.FOM, Stock Forum) edged up 1.3% to 39.5 cents Thursday on news of an increased mineral resource estimate for its McIlvenna Bay Deposit. The company's 100% owned flagship McIlvenna Bay project is located in east-central Saskatchewan, a 60 minute drive from Flin Flon, Man., which hosts Hudbay Minerals Inc.’s (TSX: T.HBM, Stock Forum) zinc smelter, and provides access to railhead, that allows concentrate to be shipped to all of North America and international ports.
Vantex Resources Ltd. (TSX: V.VAX, Stock Forum) was down 6% to 8.5 cents after the company elected to renew a shareholder rights plan initially adopted on October 21, 2010. Renewal of the plan will be submitted to a vote at Vantex special annual general meeting of shareholders that will take place on April 30, 2013. Vantex said the plan encourages fair treatment of shareholders should a take-over bid be made for Vantex, and will provide its board of directors and the shareholders more time to consider an unsolicited take-over bid for Vantex.
Focus Graphite Inc.(TSX: V.FMS, Stock Forum) eased 3% to 64 cents after it and partner SOQUEM Inc. reported results of the fall 2012 core drilling program at the Kwyjibo Polymetallic Iron-Rare Earth Elements-Copper property in northeastern Québec. A total of 31 holes (4,207 metres) were drilled to confirm grades, thicknesses and continuity of mineralization within the northeastern portion of the 1 kilometre-long Josette Horizon which hosted the best rare earth element intersections of the 2011 drilling program. Highlights included 3.2% true rare earth oxides over 36 metres in one drill hole.
| Top Canadian Small/Micro-cap Advancers (as of 12:27 PM Eastern) |
| Red Tiger Mining Inc. (V.RMN, Stock Forum) |
68.75% |
| Top Canadian Small/Micro-cap Decliners (as of 12:27 PM Eastern) |
| Pan Orient Energy Corp. (V.POE, Stock Forum) |
-4.55% |