GGX Gold Corp. (CVE:GGX), a gold explorer, rose after announcing the purchase of a mobile processing plant for exploration on its Gold Drop Property
Sean Mason | June 30, 2017 | SmallCapPower
A few speculators took a shine to shares of a gold explorer Friday following a processing plant purchase. Here’s some small stocks making big moves on Friday, June 30, 2017 (as of 4 pm EST):
GGX Gold Corp. (TSXV: GGX) shares climbed 13% to $0.225 on Friday after the gold explorer announced that it has purchased a proprietary mobile processing plant for exploration on its Gold Drop Property in British Columbia, to help in determining the economic potential of multiple quartz veins throughout the property.
As well, shares of Cordoba Minerals Corp. (TSXV: CDB) slipped 17% to $0.75 as the mineral exploration company said it has received the conditional approval of the TSX Venture Exchange for the previously-announced proposed transaction with its joint venture partner, High Power Exploration Inc. (HPX), whereby Cordoba will acquire 51% interest in the San Matias Joint Venture through the acquisition of HPX Colombia Ventures Ltd., a wholly-owned subsidiary of HPX, for consideration of 92,681,290 Cordoba common shares.
NexGen Energy Ltd. (TSX: NXE), meanwhile, reported that it has entered into a binding term sheet with CEF Holdings Limited for a second financing package totaling US$110 million, which the Company says funds it “to expedite the optimal development of Arrow.” NexGen Energy stock moved up 9% to $2.87 following the announcement.
Finally, Jackpot Digital Inc. (TSXV: JP) shares gained 11% to $0.05 after the electronic table games manufacturer and mobile gaming provider announced that it has received confirmation from the French Ministry of the Interior that Jackpot is now a licensed manufacturer of electronic gaming equipment in France.
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Disclosure: Neither the author nor any of the principals at Small Cap Power, or their family members, own shares in any of the companies mentioned above.
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