Gold Explorer Glisters on Mobile Processing Purchase

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.

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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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