As TSX Venture stocks struggle to recover from this week’s historic lows, some might prefer to divert their eyes from the stock charts and look on the brighter side of life.
Not surprisingly, good news came from the tech sector, which is picking up steam just as quickly as speculators bail out of junior energy and material stocks.
Steve Chung, the CEO of Frankly, a Silicon Valley messaging service, told BNN that the company is planning to list its shares on the TSX Venture Exchange after already raising over $60 million.
“Canada is the biggest small-midcap market in the world,’’ Chung explained.
“It allows us a unique opportunity at this stage of our company to access public capital and that is not something you can do in Silicon Valley.
Frankly is a San Francisco-based startup that offers mobile application users the chance to engage in private conversations with friends, colleagues and family members. Its new Android and iOS texting apps delete messages once they have been read.
In that sense, it appears to be in a similar market to
Fundamental Applications Corp. (
CSE: FUN,
Stock Forum), which has also developed a mobile app that offers users the option of privacy.
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Record-breaking lows on the TSX Venture do not bode well for upcoming mining sector conferences.
Those include next month’s Association for Mineral Exploration British Columbia (AME BC) Roundup , and The Prospectors & Developers Association of Canada (PDAC) conference in March.
But whatever happens to stock valuations in the next few weeks, a handful of mining executives will be recognized for work performed when markets where in better shape.
At the PDAC awards night dinner, David Palmer, President and CEO of
Probe Mines Ltd. (
TSX: V.PRB,
Stock Forum), will receive the Bill Dennis Award for prospecting excellence. This is recognition for his role in the discovery of the Borden Gold Project near Chapleau, Ontario.
The lineup of AME BC award winners includes Peter Ogryzlo, who snagged the H.H. “Spud” Huestis Award for excellence in prospecting and mineral exploration. Ogryzlo was a key player in the discovery of two additional ore zones at the Huckleberry Copper Mine in west-central, British Columbia.
Huckleberry is owned equally by
Imperial Metals Corp. (
TSX: T.III,
Stock Forum) and a group of Japanese investors comprised of Mitsubishi Materials Corp., Dowa Mining Co. Ltd., and Furukawa Co.
Bob Gallagher and Jim Currie will pick up the AME BC E.A. Scholz Award for excellence in mine development, which acknowledges their key roles in the early stages of resource and economic evaluation, mine design and construction at
New Gold Inc.’s (
TSX: T.NGD,
Stock Forum) New Afton copper-gold mine near Kamloops, B.C.
Bob Gallagher is President and CEO of New Gold. Jim Currie is President and Chief Operating officer at
Pretium Resources Ltd. (
TSX: T.PVG,
Stock Forum).
Here are some of the other items that thrilled, shocked and appalled Stockhouse readers this week.
Stockhouse medical marijuana expert Chris Parry puts the focus on
Bedrocan Cannabis Corp. (
TSX: V.BED,
Stock Forum), a company that is winning the medical marijuana revenue race by hitting the $1 million revenue target, making it one of the first in the sector to reach that goal.
Read More
Stockhouse tech scribe Gaalen Engen looks at
Snipp Interactive Inc. (
TSX: V.SPN,
Stock Forum), a company that has set its sights on the relatively traditional $8 billion rebate industry. On December, 10, 2014, the company said it has launched SnippRebates , which aims to reduce costs for manufacturers while providing consumers with a better experience.
Read More
Stockhouse clients in the news this week
Graphite One Resources Inc. (
TSX: V.GPH,
Stock Forum) says its Alaskan mine is already North America’s largest known graphite resource and will bring a stable supply of the industrial metal to the emerging battery industry and other clean energy sectors.
Read More
Avivagen Inc. (
TSX: V.VIV,
Stock Forum) is among the precious few publicly-traded companies that offer investors the opportunity to make the world a potentially better place. So for those that are seeking to throw around some ethical dollars, this life sciences company is as good a place as any to explore.
Read More
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