Small
stocks making big moves on Thursday, November 27, 2014 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
Lydian International Limited (TSX: LYD)
shares shot up 24% to $0.62 on Thursday after gold project developer said it
has received approval of the Mining Right for the Amulsar Gold Project in
Armenia, which represents the final stage of the mining permitting process and
grants the company the right to develop Amulsar in line with the parameters
detailed in the feasibility study.
As well,
shares of Teuton Resources Corp. (TSXV: TUO)
sank 18% to $0.045 as the junior explorer reported that the BC Supreme Court ruled
against the company in its dispute with American Creek Resources Ltd.
Sarama Resources Ltd. (TSX: SWA),
meanwhile, said it has entered into an agreement with Acacia Mining plc
(formerly known as African Barrick Gold plc) relating to Sarama’s South Houndé
Project in Burkina Faso, whereby Acacia will have the option to earn up to a
70% interest in the project by satisfying certain conditions over a 4-year
earn-in period, which includes Acacia making a cash payment of US$1 million to
Sarama upon completion. Sarama stock surged 50% to $0.06 following the
announcement.
Finally, Taipan Resources Inc. (TSXV: TPN)
shares powered 21% higher to $0.17 after the independent oil exploration
company operating in Kenya announced that the High Court in Nairobi agreed to
vary its conservatory orders to allow the operator to continue preparations for
drilling at the Badada-1 wellsite.
