Event gives publicly-traded companies an opportunity to present their stories to influential Bay Street money managers and investors
SmallCapPower | June 23, 2016: Small Cap Power, a division of Gravitas Financial, hosted its first Small Cap Power Investment Series Cocktail Reception on June 21, 2016, in the heart of Toronto’s financial district. The event gives publicly-traded companies an opportunity to present their stories to influential Bay Street money managers and investors.
The first company to present was Wallbridge Mining Company Limited (TSE:WM). Wallbridge operates much like a prospect generator, as it has interests in a few mining projects throughout the world. The Company successfully spun out its Duluth Metals Limited holdings, which would later be acquired by Antofagasta at a substantial premium (its stock soared 480% the day of the announcement) from its current market price.
Wallbridge Mining currently has a 16.8% equity stake in Carube Copper Corp. (CVE:CUC), which has ongoing exploration being funded by a joint venture partner. The Company also has a set of copper, nickel, and platinum group metals properties in northern Ontario that has more than $2.6 million in partner-funded exploration targeted for 2016.
Wallbridge, though, seem most excited by its recently-announced agreement to acquire the Fenelon Gold project in Quebec from Balmoral Resources. The Company claims it is a “high-grade gold project from surface down to 100 meters,” and believes it can be put into production in less than 12 months.
Also presenting at the event was Urbanimmersive Inc. (CVE:UI), which provides an online technology platform that connects real estate professionals with people who provides real estate marketing services, such as photographers and videographers.
In early 2016, Urbanimmersive announced that it has signed a five-year initial strategic agreement with real estate portal Centris.ca, which provides technological resources to more than 13,000 real estate brokers in Quebec. The rollout is scheduled for the Summer of 2016.
“Our recently-announced financing will probably be oversubscribed. We have great momentum and great technology,” Urbanimmersive CEO Ghislain Lemire told SmallCapPower at the event.
Urbanimmersive’s stock price, meanwhile, has more than doubled since the beginning of 2016.
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