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Mart Resources active on pipeline update: Canadian market movers

Elizabeth Walters Elizabeth Walters, Stockhouse
0 Comments| June 20, 2013

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On Thursday, the top TSX mover was Kinross Gold Corp. (TSX: T.K, Stock Forum). The stock lost 7.6% and was trading at $5.23 on volume of 6.7 million.

On June 10, the gold mining company said that it had extended the maturity dates of its $1.5 billion revolving credit facility and $1.0 billion term loan. The credit facility has been extended by one year to August 10, 2018 from August 10, 2017, and the term loan has been extended by two years to August 10, 2017 from August 10, 2015.

UEX Corp. (TSX: T.UEX, Stock Forum) was the second most active stock on the TSX. It fell 2% and was trading at $0.465 on volume of 5.7 million shares.

On June 19, the uranium company announced the results of the votes on matters considered at its annual general and special meeting of shareholders held on June 18, 2013 in Vancouver, B.C.

Westbridge Energy Corp. (TSX: V.WEB, Stock Forum) was the volume leader on the TSX Venture Exchange. It soared 37.5% and was trading at $0.22 on volume of 2.1 million.

On May 22, the exploration and development company commented on data and recent drilling results from the Wingat well, in the Walvis Basin, offshore Namibia, and the insight it provides Westbridge regarding its licenses in the Walvis Basin.

The second most active stock on the TSX Venture was Mart Resources Inc. (TSX: V.MMT, Stock Forum). It rose 3.3% and was trading at $1.57 after 1.3 million shares changed hands.

Today, the oil and gas junior provided an update on the Umugini pipeline project, located in Nigeria. Construction of the Umugini pipeline is progressing from the location near the Umusadege field. Currently, clearing of the right of way, stringing, welding and field joint coating of the pipeline has been completed on approximately 17 kilometers of the 51 kilometer pipeline.



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