On Thursday, the top TSX mover was Aurizon Mines Ltd. (TSX: T.ARZ, Stock Forum). The stock lost 6.3% and was trading at $3.99 on volume of 6.8 million.
On May 1, the gold producer reminded shareholders and option holders of the approaching deadline to vote for the special resolution approving the proposed transaction whereby Hecla Mining Co. (NYSE: HL, Stock Forum) will acquire all of the issued and outstanding common shares of Aurizon, in exchange for $4.75 per Aurizon share or 0.9953 of a Hecla share or a combination of both, subject in each case to pro-ration based on a maximum cash consideration of approximately $513.6 million and a maximum of approximately 57 million Hecla shares.
Bombardier Inc. (TSX: T.BBD.B, Stock Forum) was the second most active stock on the TSX. It was up 1.5% and was trading at $4.06 on volume of 4.5 million shares.
Today the transportation equipment manufacturer scheduled its annual meeting for shareholders on Thursday, May 9, 9:30 a.m. at the Montreal Museum of Fine Arts in Montreal, Quebec.
Intertainment Media Inc. (TSX: V.INT, Stock Forum) was the volume leader on the TSX Venture Exchange. It rose 4.2% and was trading at $0.125 on volume of 5.7 million.
Today the technology company announced the completion of the third and final tranche of a non-brokered private placement of units.
Upon closing of the third tranche of the offering, 100 units were issued at a price of $1,000 per unit, with each unit consisting of $1,000 principal amount of secured convertible debentures and 8,333 common share purchase warrants, for gross proceeds to the company of $100,000.
The second most active stock on the TSX Venture was Colorado Resources Ltd. (TSX: V.CXO, Stock Forum). It climbed 29% and was trading at $0.89 after 2.3 million shares changed hands.
On April 30, the mineral exploration company said it had secured and mobilized a drill rig to its North Rok property, located 190 kilometres north of Stewart, British Columbia, where the step out drilling of drill hole NR13-001 would commence shortly.