Small
stocks making big moves on Monday, February 9, 2015 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
Rio Alto Mining
Limited
(TSX: RIO)
shares climbed 11% to $3.65 on volume of more than 10.5 million shares Monday
after the gold miner with operations in Peru said it has agreed to be acquired
by Tahoe Resources Inc. (TSX: THO)
in a stock and cash transaction valued at C$1.4 billion. Rio Alto Mining shareholders
will receive 0.227 of a Tahoe common share and C$0.001 in cash per Rio Alto
share held.
Rio Alto
Mining is a component company of the Ubika Gold 20 index and is just
the latest of several companies that have been acquired from that index during
the past few years. See the other companies listed in the Ubika
Gold 20 index HERE >>
Grenville Strategic Royalty Corp. (TSXV: GRC),
meanwhile, reported its 2014 year end results and declared its first dividend of
$0.00416 per share for the period of February 1, 2015 to February 28, 2015,
which is equal to $0.05 per share on an annualized basis. The dividend will be
paid on March 16, 2015 to shareholders of record at the close of business on
February 27, 2015. Grenville provides royalty-based finance solutions by
acquiring revenue streams generated by growing industrial and technology
businesses. Its stock popped 9% to $0.62 following the announcement.
Finally,
Canada Strategic Metals Inc. (TSXV: CJC)
shares rose 6% to $0.085 after the junior explorer said Lomiko Metals Inc. (TSXV: LMR)
shall have the exclusive right and option to acquire an additional 40%
undivided interest in the La Loutre Property in Quebec and an 80% undivided
interest in the Lac des Iles Property in exchange for a payment of $10,000, the
issuance of 3 million common shares of Lomiko and the funding of $2.75 million
in exploration expenditures over a two-year period.
