Resource Junior Jumps on Settlement Update

Athabasca Minerals Inc. (TSXV:ABM), a resource junior, gained ground after announcing a Settlement Agreement with Syncrude Canada Ltd

Sean Mason | October 2, 2019 | SmallCapPower

An approval and settlement agreement lifted shares of a resource junior Wednesday. Here’s some small stocks making big moves on Wednesday, October 2, 2019 (as of 4:00 pm EST):

Athabasca Minerals Inc. (TSXV:ABM) shares climbed 1% to $0.70 on Wednesday after the resource junior announced that it has received approval of its Susan Lake Public Pit Closure Plan by Alberta Environment & Parks and also has executed a Settlement Agreement with Syncrude Canada Ltd.

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As well, shares of Winpak Ltd. (TSX:WPK) rose 8% to $46.69 as the packaging materials manufacturer said it has agreed to acquire Cheringal Associates, Inc. and Norwood, Printing, Inc, which in their most recent fiscal year had combined revenues nearing US$25 million, for a total purchase price of US$42.2 million.

Ximen Mining Corp. (TSXV:XIM), meanwhile, reported that its partner, GGX Gold Corp., has now started to drill test the Stargate II geophysical anomaly in British Columbia. Ximen Mining stock moved up 15% to $0.50 following the announcement.

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

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