Here are the most active stocks on Tuesday mid-morning on the TSX and TSX Venture Exchange.
On Tuesday, the top TSX mover was B2Gold Corp. (TSX: T.BTO, Stock Forum). The stock lost 0.7% and was trading at $3.08 on volume of 4.3 million.
On August 23, 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.
San Gold Corp. (TSX: T.SGR, Stock Forum) was the second most active stock on the TSX. It rose 14% and was trading at $0.205 on volume of four million shares.
On August 16, the exploration and production company announced an offering of 32 million units of San Gold at a price of $0.125 per unit for aggregate gross proceeds of $4.0 million. The units will be purchased by a single strategic investor.
Corsa Coal Corp. (TSX: V.CSO, Stock Forum) was the volume leader on the TSX Venture Exchange. It climbed 9.1% and was trading at $0.12 on volume of 4.5 million.
On August 23, the coal miner said in the future it may consolidate its outstanding common shares on the basis of one post-consolidation common share for up to every 20 pre-consolidation common shares. Although approval for the share consolidation is being sought at the annual and special meeting of shareholders on Sept. 18, 2013, such a share consolidation would become effective at a date in the future to be determined by Corsa's Board of Directors when the Board considers it to be in the best interests of the company to be implemented.
The second most active stock on the TSX Venture was Graphite One Resources Inc. (TSX: V.GPH, Stock Forum). It soared 35.3% and was trading at $0.115 after 4.1 million shares changed hands.
Today, the mineral exploration company said it intends to complete a non-brokered private placement to raise gross proceeds of up to $2.2 million by the issuance of 27.5 million units of the company at a price of $0.08 per unit. The proceeds will be used for exploration and development of the company's Graphite Creek project, located on the Seward Peninsula of Alaska, and for general working capital purposes.