International Prospect Ventures Ltd. (TSXV:IZZ), a junior explorer, climbed after announcing a letter of intent to acquire a net smelter royalty on the Comet Well Property
A net smelter royalty letter of intent in the promising Pilbara region of Australia generated a bit of excitement in a junior explorer Thursday. Here’s some small stocks making big moves on Thursday, June 28, 2018 (as of 4 pm EST):
International Prospect Ventures Ltd. (TSXV:IZZ) shares shot up 9% to $0.25 on Thursday after the junior explorer announced that it has entered into a non-binding letter of intent to acquire from a third party arms’ length vendor a 0.5% royalty on net smelter returns on the Comet Well Property located in the Pilbara region of Western Australia, which was acquired by Novo Resources in April 2017.
As well, shares of Namaste Technologies Inc. (TSXV:N) rose 15% to $1.52 as the provider of medical cannabis consumption devices said it intends to purchase for cancellation up to 25,308,136 of its common shares, representing approximately 8.9% of the Company’s issued and outstanding common stock.
California Nanotechnologies Corp. (TSXV:CNO), meanwhile, reported record revenues of US$548,575 for fiscal 2018, along with operating cash flow of US$53,859 and net income of US$49,466 during the fourth quarter. California Nanotechnologies stock moved up 18% to $0.065 following the announcement.
Finally, VisionstateCorp. (TSXV:VIS) shares gained 43% to $0.05 after the technology investment company announced it has made a strategic investment in Alberta-based Freedom Cannabis Inc. in a round of seed funding.
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
To read our full disclosure, please click on the button below:
The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source. Ubika and/or its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities and/or commodities and/or commodity futures contracts in certain underlying companies mentioned in this site and which may also be clients of Ubika’s affiliates. In such instances, Ubika and/or its affiliates and/or their respective officers, directors or employees will use all reasonable efforts to avoid engaging in activities that would lead to conflicts of interest and Ubika and/or its affiliates will use all reasonable efforts to comply with conflicts of interest disclosures and regulations to minimize the conflict.
International Prospect Ventures Ltd. (TSXV:IZZ) shares shot up 9% to $0.25 on Thursday after the junior explorer announced that it has entered into a non-binding letter of intent to acquire from a third party arms’ length vendor a 0.5% royalty on net smelter returns on the Comet Well Property located in the Pilbara region of Western Australia, which was acquired by Novo Resources in April 2017.
