Gold Explorer Jumps on Settlement Deal

Gowest Gold Ltd. (TSXV:GWA), a gold explorer, surged after entering into a settlement agreement with PGB Timmins Holdings LP

Sean Mason | August 19, 2019 | SmallCapPower

A settlement concerning a gold purchase agreement lifted shares of a gold explorer Monday. Here’s some small stocks making big moves on Monday, August 19, 2019 (as of 4 pm EST):

Gowest Gold Ltd. (TSXV:GWA) shares powered 81% higher to $0.235 on Monday after the gold explorer announced that it has entered into a settlement agreement with PGB Timmins Holdings LP, an investment vehicle controlled by Pandion Mine Finance, LP, with respect to certain alleged defaults by Gowest of its obligations under the Pre-Paid Forward Gold Purchase Agreement.

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As well, shares of Precision Drilling Corporation (TSX:PD) rose 18% to $1.71 as the energy services provider said it plans to reduce its FY 2019 capital spending plan to $144 million, down $25 million from its previously-stated budget of $169 million, and forecasts FY 2020 capex of $60 million to $80 million.

theScore, Inc. (TSXV:SCR) stock, meanwhile, continued to move higher Monday, up 11% to $0.59 following an 8% gain on Friday, after announcing that the New Jersey Division of Gaming Enforcement has granted an initial approval authorizing the Company’s subsidiary, Score Digital Sports Ventures Inc, to engage in Internet and mobile sports wagering activities in the State.

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Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

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