Ivanhoe Mines (TSE:IVN), a resource explorer, moved up after saying it has received unsolicited interest in the Company and its projects
Sean Mason | August 29, 2016 | SmallCapPower
A red-hot resource explorer continued to sizzle Monday following some warm acquisition interest. Here’s some small stocks making big moves on Monday, August 29, 2016 (as of 4 pm EST):
Ivanhoe Mines (TSE:IVN) shares jumped 14% to $1.91 on Monday after the resource explorer announced that it is seeking strategic advice to help address unsolicited interest that the Company and its projects have received in recent months.
As well, shares of Golden Dawn Minerals Inc. (CVE:GOM) climbed 23% to $0.38 as the gold assets acquirer said it will issue a convertible security with a face value of US$2.4 million, which will be used to exercise the Company’s option with Huakan International Mining Inc. to acquire a 100% interest in the Greenwood Project assets in British Columbia.
Logan International Inc. (TSE:LII), meanwhile, reported that it has agreed to be acquired by a wholly-owned subsidiary of Rubicon Oilfield International Holdings, L.P., for C$1.49 per share in cash. Logan International stock popped 89% to $1.52 following the announcement.
Finally, GTA Mining and Resources Inc. (CVE:GTA) shares rose 7% to $0.16 after the mineral exploration company announced preliminary metallurgical testing results from the Northshore Property in northern Ontario, which returned peak gold recoveries of 96.3% and 99.5%.
Hi, did you know SmallCapPower accepts blog submissions? You can contact me here
To find out more about GTA Resources and Mining, please visit the company’s Investor Hub.
DISCLAIMER
The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source.