Gold Junior Shines on Big-Name Investment

Wallbridge Mining Company Limited (TSX:WM), a gold junior, jumped after announcing that Eric Sprott had purchased 24,042,895 common shares of Wallbridge

Sean Mason | October 1, 2018 | SmallCapPower

An addition investment by Eric Sprott generated a lot of excitement in shares of a gold junior Monday. Here’s some small stocks making big moves on Monday, October 1, 2018 (as of 4 pm EST):

Wallbridge Mining Company Limited (TSX:WM) shares surged 25% to $0.275 on Monday after the gold junior announced that Eric Sprott had purchased 24,042,895 common shares of Wallbridge by way of a private agreement at a price $0.165 per share. As a result of this transaction, Eric Sprott now owns and controls approximately 16.1% of Wallbridge Mining’s outstanding shares.

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As well, shares of Delivra Corp. (TSXV:DVA) climbed 29% to $0.40 as the specialty biotechnology company said it has recently received inquiries from a number of interested parties in relation to the Company’s proprietary transdermal delivery system platform, including its proprietary applications for the cannabis and pharma industries.

Aton Resources Inc. (TSXV:AAN), meanwhile, reported results of the first three drill holes from within its 100% owned Abu Marawat Concession located in the Eastern Desert of Egypt, which included 36 metres of 12.47 g/t gold from five metres downhole depth. Aton Resources stock popped 90% to $0.095 following the announcement.

Finally, Harvest One Cannabis Inc. (TSXV:HVT), one of the Canadian cannabis stocks, rose 10% to $0.89 after announcing that its wholly-owned subsidiary, United Greeneries Ltd., has entered into a supply agreement with Manitoba Liquor and Lotteries to supply craft cannabis for the adult-use market launch on October 17, 2018. The Company added that it has also been approved as a registered supplier with the Saskatchewan Liquor and Gaming Authority.

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

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