Sean Mason | March 21, 2016 | SmallCapPower
Another potential made-in-China oil deal was good news for some shareholders Monday, while a Cuba travel play shone in its debut. Here’s some small stocks making big moves on Monday, March 21, 2016 (as of 4 pm EST):
Bankers Petroleum Ltd. (TSX: BNK) shares surged 56% to $1.73 on Monday after the oil and gas producer/explorer announced that it has agreed to be acquired by affiliates of China’s Geo-Jade Petroleum Corp for C$575 million, or $2.20 per share in cash.
As well, shares of ArPetrol Ltd. (TSXV: RPT) shot up 114% to $0.47 as the oil and gas explorer/developer said it has agreed to sell substantially of its assets for an estimated total purchase price of C$14.7 million, or $0.65 per share, most of which the Company intends to distribute to the shareholders.
Orbite Technologies Inc. (TSX: ORT), meanwhile, reported that the current delay in construction of its high-purity alumina production plant in Québec is due to slower piping installation and a controlled slowdown in construction until financing is secured, and not related to any technical issues with the process and commissioning. Orbite Technologies stock popped 28% to $0.255 following the announcement.
In addition, shares of Pangolin Diamonds Corp. (TSXV: PAN) climbed 17% to $0.035 as the diamond explorer said it has recovered its first diamond from the MTS Grid, which represents the eleventh diamond recovered to date at its wholly-owned Malatswae Diamond Project in Botswana.
Finally, Cuba Ventures Corp. (TSXV: CUV), formerly MPH Ventures, shares jumped 90% to $0.095 after Cuba-focused online travel and digital media marketing company announced that it has received regulatory acceptance for its change of business through the acquisition of a 100% interest in Travelucion S.L.
See our SmallCapPower interview with some of the Cuba Ventures team here >>
Hi, did you know SmallCapPower accepts blog submissions? You can contact me at sean@smallcappower.com.
DISCLAIMER
The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source.
