Another
gold sector acquisition sparked much speculation Thursday while shipment news
lifted a clean tech stock. Here’s some small stocks making big moves on Thursday,
October 15, 2015 (as of 4 pm EST):
Carlisle Goldfields Limited (TSX:
CGJ) shares surged 70% to $0.63 on volume of more than 10.4 million shares
Thursday after the Manitoba gold project developer announced that it has agreed
to be acquired by Alamos Gold Inc. in an all-stock transaction valued at
C$28.5 million. Carlisle shareholders will receive 0.0942 of an Alamos common
share for each Carlisle common share held, plus 0.0942 of a warrant to purchase
Alamos common shares at an exercise price of C$10.00 with an expiration date of
three years from closing.
Did you read our Market Movers report on Wednesday? If so, you would have
been given a hint that this acquisition was about to happen.
As well,
shares of Niko Resources Ltd. (TSX:
NKO) powered 190% higher to $0.145 as the international oil and gas
producer/explorer said that an international tribunal constituted under the
Rules of the International Centre for Settlement of Investment Disputes has
issued a favourable decision on the implementation of its decision of September
11, 2014, on the payment claim initiated by the Company’s indirect subsidiary,
Niko Resources (Bangladesh) Ltd., against Bangladesh Oil Gas & Mineral Corporation.
Orbite Technologies Inc. (TSX:
ORT), meanwhile, reported that it is shipping additional 5N+ high purity
alumina samples to seven prospective customers today. Orbite stock moved up 14%
to $0.38 following the announcement.
Finally, Klondike Gold Corp. (TSXV:
KG) shares slid 19% to $0.105 after the gold explorer announced assays from
the first four diamond drill holes of 19 in total on the Lone Star property in
Canada’s Yukon Territory, which included 5.3 grams per tonne gold over 7.6
meters (6.1 meters true thickness) from 4.4 metres to 12.0 metres.
