Small
stocks making big moves on Monday, June 22, 2015 (as of 4 pm EST), as reported
by Sean Mason, SmallCapPower.com
Focus Graphite Inc. (TSXV:
FMS) shares rose 10% to $0.22 on Monday after the graphite mine developer announced
that it has entered into two offtake agreements with Grafoid Inc., a
graphene application developer. The first offtake agreement commits Grafoid to
acquire, at its discretion, up to an annual maximum of 1,000 tonnes of
high-purity (98.3% total carbon “Ct”) large flake graphite
concentrate annually from the Lac Knife Project in Quebec for 10 years,
representing up to 6.8% of the projected annual production of 14,606 tonnes of
high-purity large flake concentrate. The second offtake agreement commits Grafoid
to acquire, at its discretion, up to 25,000 tonnes of 97.8% Ct graphite
concentrate annually for 10 years, representing up to 56.4% of the projected
total annual production of 44,300 tonnes.
As well,
shares of Zargon Oil & Gas Ltd.
(TSX:
ZAR) slid 15% to $2.47 as the oil and gas producer/explorer said it has reduced
its dividend from $0.03 to $0.01 per common share per month.
NeuLion, Inc. (TSX:
NLN), meanwhile, reported that it has signed a new multi-year agreement
with Tennis Channel, the only 24-hour programming network dedicated to tennis. NeuLion
provides digital experiences for live and on-demand content up to 4K on any
device. Its stock moved up 5% to $1.47 following the announcement.
