Garibaldi Resources Corp. (CVE:GGI) boosts its landholdings in British Columbia’s Golden Triangle
Sean Mason | May 18, 2016 | SmallCapPower
Some speculators jumped into a ‘golden’ penny stock opportunity Wednesday, while two equity financings were well received. Here’s some small stocks making big moves on Wednesday, May 18, 2016 (as of 4 pm EST):
Garibaldi Resources Corp. (CVE:GGI) shares climbed 20% to $0.09 on Wednesday after the mineral exploration company announced that it has increased its landholdings in northwest British Columbia’s Golden Triangle, which hosts the Valley of the Kings mine, by nearly 10-fold.
As well, shares of IC Potash Corp. (TSE:ICP) rose 18% to $0.065 as the potash project developer said it intends to raise up to $825,000 at a price of $0.045 per unit.
Critical Elements Corporation (CVE:CRE), meanwhile, reported that it has entered into an agreement to sell 14 million common shares on a bought deal private placement basis at a price of $0.37 per share for gross proceeds of C$5.18 million. Critical Elements stock moved up 5% to $0.40 following the announcement.
Hi, did you know SmallCapPower accepts blog submissions? You can contact me here
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.
