Small
stocks making big moves on Thursday, July 2, 2015 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
Jackpot Digital Inc. (TSXV:
JP) shares jumped 80% to $0.045 on volume of more than 5 million shares Thursday
after the gaming software provider announced that it has agreed to purchase the
assets of the PokerTek business unit of Multimedia Games Inc., for a total consideration
of US$5.4 million in cash and 7.5 million share purchase warrants exercisable
at $0.20 per common share for a period of five years. All licensing contracts with third parties
related to the business will also be assigned to the company. The assets and
business being acquired by Jackpot Digital has generated approximately US$3.5
million during the past 12 months. Jackpot Digital was formerly known as Las
Vegas From Home.com Entertainment.
As well, shares of Ballard Power Systems (TSX:
BLD) slid 18% to $2.12 as the provider of clean energy products said it has
priced an underwritten offering of 8,125,000 common shares at a price of US$1.60
per share, for gross offering proceeds of approximately US$13.0 million.
Empire Industries Ltd. (TSXV:
EIL), meanwhile, reported that the Minister of Industry for Canada said the
company’s Dynamic Structures division will receive up to $70 million to build
the precision-steel enclosure of the Thirty Meter Telescope, the world’s
largest earth-based telescope. Empire Industries stock moved up 13% to
$0.13 following the announcement.
Finally, Metanor Resources Inc. (TSXV:
MTO) shares rose as much as 15% before ending down 8% at $0.06 after the junior gold miner announced drill results
from its Bachelor Mine in Quebec, which included 6.82 g/t gold over 8.7 meters.
