Sean Mason | December 8, 2015 |
SmallCapPower
Cash payout
was good news for some shareholders Tuesday, while an asset sale lifted another
energy play. Here’s some small stocks making big moves on Tuesday, December 8,
2015 (as of 4 pm EST):
Petrodorado Energy Ltd. (TSXV:
PDQ) shares powered 32% higher to $0.31 on Tuesday after the oil and
gas explorer/developer announced its intention to distribute a special dividend
as part of matters of interest at the upcoming general meeting of the
shareholders scheduled to occur on January 27, 2016. This dividend would
include a combination of the distribution of approximately US$12.1 million in
existing cash balances of the Company and those common shares of Amerisur
Resources PLC received by Petrodorado in conjunction with the Company’s
divestiture transaction announced in Petrodorado’s press release dated June 29,
2015.
For more junior energy investing ideas
please see the Ubika Energy 20 reports here >>
As well,
shares of Slyce Inc. (TSXV:
SLC) slipped 3% to $0.17 as the visual product search platform said it signed
contract with leading specialty fashion retailer Nordstrom to power
visual search for mobile commerce. Slyce will derive revenues from the contract
through monthly recurring software licensing and service fees in line with its
current pricing model over the term of the contract.
Yoho Resources Inc. (TSXV:
YO), meanwhile, reported that it has entered into a definitive agreement to
sell a portion of its Duvernay assets in the Kaybob area of Alberta for cash
consideration of $50 million. Yoho will retain approximately 25% of its net
Kaybob Duvernay acreage consisting of 5.5 sections at 100% working interest and
Yoho’s recently completed well at 16-12-59-19 W5. Yoho Resources stock moved up
33% to $0.26 following the announcement.
Finally, Tethys Petroleum Limited (TSX:
TPL) shares jumped 24% to $0.11 after the oil and gas producer/explorer announced
that Olisol Investments Limited has agreed to purchase, by way of a private
placement, 150 million new ordinary shares in Tethys at a price of C$0.17 per
Share, for total proceeds of C$25.5 million.
Hi, did you know SmallCapPower accepts
blog submissions? You can contact me at sean@smallcappower.com.
