A big-time financing boosted shares of a tiny China junior gold miner Monday. Here’s some small stocks making big moves on Monday, February 12, 2018 (as of 4 pm EST):
Majestic Gold Corp. (TSXV:MJS) shares gained 20% to $0.06 on Monday after the junior gold miner announced the closing of a $9.7 million non-brokered private placement financing at $0.15 per common share. The Company said it intends to use the proceeds from the Offering for general working capital, to advance its projects, and to fund possible acquisitions.
As well, shares of Covalon Technologies Ltd. (TSXV:COV) fell 19% to $5.81 as the medical technologies company said its first-quarter net income slipped to $523,345 from $543,110 during the same period last year.
Bold Ventures Inc. (TSXV:BOL), meanwhile, reported the acquisition of two separate lithium claim groups located within the Georgia Lake Area Pegmatite field in northern Ontario. Bold Ventures stock moved up 14% to $0.04 following the announcement.
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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Majestic Gold Corp. (TSXV:MJS) shares gained 20% to $0.06 on Monday after the junior gold miner announced the closing of a $9.7 million non-brokered private placement financing at $0.15 per common share. The Company said it intends to use the proceeds from the Offering for general working capital, to advance its projects, and to fund possible acquisitions.
