Cobalt Junior Powers Higher on Acquisition Announcement

Bankers Cobalt Corp. (TSXV:BANC), a cobalt junior, soared after it began trading following the proposed acquisition of Katanga Cobalt Corp.

Sean Mason | October 12, 2017 | SmallCapPower

A new focus on cobalt in the Democratic Republic of Congo put a charge into shares of a cobalt junior Thursday. Here’s some small stocks making big moves on Thursday, October 12, 2017 (as of 4 pm EST):

Bankers Cobalt Corp. (TSXV:BANC), formerly Nomad Ventures Inc., shares surged 265% to $0.42 on Thursday after the cobalt junior began trading following the proposed acquisition of Katanga Cobalt Corp., which is exploring and developing mineral projects in the Democratic Republic of Congo (DRC). Katanga’s wholly-owned subsidiary recently acquired a new concession, known as the Kabolela project, located in the Lakasi area of the DRC Copperbelt between two operating cobalt/copper mines.

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As well, shares of Jayden Resources Inc. (TSXV:JDN) slid 18% to $0.29 as the junior explorer said it has received assays on the first two holes at its Silver Coin project in British Columbia, which included 6.2 metres of 8.44 grams per tonne (g/t) gold.

CardioComm Solutions, Inc. (TSXV:EKG), meanwhile, reported that it and Cytta Corp. have completed a Joint Venture Agreement, in which both parties will integrate their respective technologies to implement a mobile telemedicine communication and connectivity health and wellness portal solution. CardioComm Solutions stock moved up 9% to $0.06 following the announcement.

Finally, Inspira Financial Inc. (TSXV:LND) shares climbed 24% to $0.26 after the provider of financing solutions to the U.S. mental health and addiction services market announced its intention to prepay its outstanding 4% nonconvertible unsecured senior debentures in advance of a potential transaction.

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Disclosure: Neither the author nor any of the principals at SmallCapPower, or their family members, own shares in any of the companies mentioned above.

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