Gold Explorer Climbs on Strategic Investment

Rupert Resources Ltd. (TSXV:RUP), a gold explorer, gained ground after receiving a C$13.1 million strategic investment from Agnico Eagle Mines Limited

Sean Mason | February 11, 2020 | SmallCapPower

A sizable investment from Agnico Eagle Mines propelled shares of a gold explorer sharply higher Tuesday. Here’s some small stocks making big moves on Tuesday, February 11, 2020 (as of 4 pm EST):

Rupert Resources Ltd. (TSXV:RUP) shares jumped 8% to $0.84 on Tuesday after the gold explorer announced that it has received a C$13.1 million strategic investment from Agnico Eagle Mines Limited via a non-brokered private placement at C$0.85 per unit, which will result in Agnico Eagle owning a 9.9% stake in Rupert. The proceeds will be used to further advance exploration of the Company’s 100% owned Pahtavaara Project in Finland.

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As well, shares of A2Z Technologies Canada Corp. (TSXV:AZ) rose 10% to $0.91 as the military and civilian technology company said it has been awarded a three-year contract for C$1.5 million from the Israeli Ministry of Defense for the leasing of A2Z’s products and equipment.

DMG Blockchain Solutions Inc. (TSXV:DMGI), meanwhile, reported that it has begun testing various engineered immersion cooling options, which should result in a reduced power draw per petahash, thereby improving profitability from each miner. DMG Blockchain Solutions stock moved up 70% to $0.17 following the announcement.

Finally, Aurora Solar Technologies Inc. (TSXV:ACU) shares gained 4% to $0.12 after the provider of solar cell technology announced that it has received a new volume order for 10 DM measurement systems from a China-based manufacturer.

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

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