An appetizing
payout was appealing for many investors Monday while a gold junior shone on
drill results. Here’s some small stocks making big moves on Monday, September 14,
2015 (as of 4 pm EST):
Legumex Walker Inc. (TSX:
LWP) shares surged 144% to $2.20 on Monday after the processor and
merchandiser of pulses and other special crops announced that it has agreed to sell
its LWI’s Special Crops Division to The Scoular Company for C$94 million plus
the amount of net working capital at closing, on a cash free debt free basis,
paid in cash. If the transaction closes as anticipated, Legumex Walker said
it plans to wind up its business and distribute between $2.50 to $2.75 per
share to its shareholders.
As well,
shares of Less Mess Storage Inc. (TSXV:
LMS) jumped 30% to $1.30 as the owner and operator of the largest
self-storage chain in Central and Eastern Europe said it has agreed to
be acquired by UK company LMS Holdco Limited for C$1.415 per share
in cash.
East Africa Metals Inc. (TSXV:
EAM), meanwhile, reported the final assay results for, and the completion
of, the reverse circulation drill program at the Terakimti VMS deposit on the
Harvest Project in Ethiopia, which included 20 metres grading 8.92 grams
per tonne gold and 24.3 grams per tonne silver, from 24.0 metres drill depth. East
Africa Metals stock moved up 13% to $0.045 following the announcement.
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