Gold takeover offer not applauded by everyone
Underworld Resources (TSX: V.UW) shares jumped sharply after it announced Kinross Gold (TSX: T.KGC) had made a friendly takeover bid for the company.
Junior mining stock pops on copper/gold purchase
Crazy Horse Resources (TSX: V.CZH) shares climbed 36% to 51 cents on Friday after the micro cap miner said it has entered into a letter of intent with Asian Arc Minerals to purchase Asian Arc's 100% interest in two mining exploration permit applications covering the Kayapa Copper-Gold Porphyry Project in the Philippines
Gold miner soars on acquisition announcement
Teryl Resources (TSX: V.TRC) shares raced 37% to 31.5 cents.
Wireless micro cap soars on takeover bid
Shares of Kangaroo Media (TSX: V.KTV) skyrocketed 300% to 36 cents on Friday as the developer of hand-held wireless audiovisual multi-functional entertainment systems announced that it has entered into a definitive arrangement agreement for the acquisition of Kangaroo by Game Day Entertainment, LLC. Under the terms of the agreement, shareholders of Kangaroo will receive 40 cents in cash, for each common share of Kangaroo outstanding at closing, subject to a possible upward adjustment.
Oil sands company puts itself on the block
Opti Canada (TSX: T.OPC) shares rallied 8.95% to $2.06 in Wednesday trading. The company announced Tuesday after the close that it was “considering strategic alternatives for enhancing shareholder value” – the often-used shorthand when a company is putting itself up for sale or merger. In a press release, Opti said it does not believe its share [...]
Silver miner receives takeover offer
Shares of Aquiline Resources (TSX: T.AQI) shot up 28% to $7 on Wednesday after the silver miner announced it has signed a support agreement pursuant to which Pan American Silver (TSX: T.PAA) will make a formal take-over bid to acquire all of the issued and outstanding shares of Aquiline.
Energy explorer surges on property acquisitions
Velo Energy (TSX: V.VLO) shares shot up 22% to 79 cents on Thursday after the oil and gas explorer announced that its Board of Directors has approved two acquisitions that will give the the interests in four UK Central North Sea properties, including a 100% equity interest in Block 16/26p known as “Caledonia.” The Caledonia [...]
Takeover offer spurs junior mineral exploration company
Freewest Resources (TSX: T.FRW), a mineral exploration company with chromite, gold and base-metal properties in Eastern Canada, said on Monday that it had received an unsolicited share-only takeover offer from Noront Resources (TSX: V.NOT). The thread was solidly against the offer, and in line with Freewest management, which said that the bid was “highly opportunistic” that it “significantly undervalues” the company’s assets.
Mineral Hill (MHI) jumps on property acquisition
Shares of Vancouver-based Mineral Hill Industries (TSX: V.MHI) climbed 16% to 18 cents Tuesday, as the company said it has acquired additional claims within the general area of its Chubb Lithium property in Quebec.
