Here are the most active stocks on Friday mid-morning on the TSX and TSX Venture Exchange.
On Friday, the top TSX mover was
B2Gold Corp. (
TSX: T.BTO,
Stock Forum). It was up 2.3% and was trading at $3.07 on volume of 4.4 million shares.
Today, the gold producer announced the closing of its previously announced offering of US$225 million aggregate principal amount of its 3.25% convertible senior subordinated notes due Oct. 1, 2018 to "qualified institutional buyers" in accordance with Rule 144A under the U.S. Securities Act of 1933, as amended. The initial purchasers for the offering exercised in full their option to purchase up to an additional US$33.75 million aggregate principal amount of notes to cover over-allotments on Aug. 20, 2013, bringing the total amount of the notes issued today to US$258.75 million.
Barrick Gold Corp. (
TSX: T.ABX,
Stock Forum) was the second most active stock on the TSX. The stock gained 2.9% and trading at $21.16 on volume of 2.5 million.
On Aug. 22, the gold producer said it had agreed to divest its Yilgarn South assets in Western Australia to
Gold Fields Ltd. (
GFI,
Stock Forum) for US$300 million. According to the Barrick, the Yilgarn South assets produced 452,000 ounces in 2012 at all-in sustaining costs of US$1,137 per ounce and 196,000 ounces in the first half of 2013 at all-in sustaining costs of US$1,145 per ounce.
Petroforte International Ltd. (
TSX: V.PFI,
Stock Forum) was the volume leader on the TSX Venture Exchange. It fell 7.1% and was trading at $0.13 on volume of 4.4 million.
The oil and natural gas company had no related news to explain the high volume in trading.
The second most active stock on the TSX Venture was
Castle Resources Inc. (
TSX: V.CRI,
Stock Forum) It soared 22% and was trading at $0.055 after 4.3 million shares changed hands.
The development stage company had no related news to explain the high volume in trading.