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AQM Copper soars 129% on investment news: Canadian market movers

Elizabeth Walters Elizabeth Walters, Stockhouse
0 Comments| July 2, 2013

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On Tuesday, the top TSX mover was Resverlogix Corp. (TSX: T.RVX). The stock rose 182.6% and was trading at $0.65 on volume of 3.4 million.

The stock was up ahead of a conference call and webcast hosted by the clinical stage cardiovascular company today at 11:00 a.m. PT.

BlackBerry (TSX: T.BB) was the second most active stock on the TSX. It lost 4.8% and was trading at $10.55 on volume of 3.2 million shares.

On June 29, the company said that it lost $84 million U.S. in the first quarter when the smartphone maker launched its latest Z10 touchscreen model.

AQM Copper Inc. (TSX: V.AQM) was the volume leader on the TSX Venture Exchange. It soared 128.6% and was trading at $0.08 on volume of 1.9 million.

Today, the mineral exploration and development company announced that Mitsubishi Materials Corp., had agreed to invest US$22.6 million into the company´s wholly owned Peruvian subsidiary Minera AQM Copper Peru S.A.C. and committed an additional US$15.07 million in exchange for an indirect interest of 20% in the company's Zafranal copper project in southern Peru currently owned in a 50-50 joint venture with Teck Resources Ltd. (TSX: T.TCK.B)

The second most active stock on the TSX Venture was Donner Metals Ltd. (TSX: V.DON). It fell 8.3% and was trading at $0.055 after 1.5 million shares changed hands.

On June 27, the explorer reported that it had entered into an agreement with Secutor Capital Management Corp. and Marquest Capital Markets (collectively, the agents) under which the agents have agreed to act as agents for a private placement, on a best efforts agency basis, for up to three million units in the capital of the company at a price of $0.10 per unit, and for up to 1.5 million of flow-through units of the company at a price of $0.115 per flow-through unit. The net proceeds from the units will be used by Donner to fund its share of the capital and operating expenditures at the Bracemac-McLeod Mine, for exploration expenditures at its projects in Québec, and for other general corporate and working capital purposes.


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