Hudson Resources Inc. (CVE:HUD), a resource junior, surged after announcing the completion of its debt funding arrangement for its White Mountain project
Sean Mason | July 17, 2017 | SmallCapPower
Pending production based on project financing sparked a bit of speculation in a resource junior Monday. Here’s some small stocks making big moves on Monday, July 17, 2017 (as of 4 pm EST):
Hudson Resources Inc. (TSXV: HUD) shares powered 23% higher to $0.53 on Monday after the resource junior announced the completion of its debt funding arrangement for a Senior Loan of US$13.0 million and a Subordinated Loan of US$9.5 million, for a total of US$22.5 million, which Hudson said will allow it to complete its funding requirements and maintain its current construction schedule to have the White Mountain project in Greenland in production by 2018.
As well, shares of GeneNews Limited (TSX: GEN) slipped 16% to $0.155 as the provider of advanced diagnostics and personalized medicine said it has issued a total of 2,279,078 common shares to make a payment of approximately US$390,000 to Participating Directors for fees and expenses earned and unpaid, with the remaining outstanding balance of US$40,000 to be paid in cash.
Clean Commodities Corp. (TSXV: CLE), meanwhile, reported the acquisition of the Hampton Quarry Zeolite Project located in Nova Scotia, its second zeolite project. Clean Commodities stock moved up 7% to $0.075 following the announcement.
Finally, Aurvista Gold Corporation (TSXV: AVA) shares rose as much as 6% before ending unchanged at $0.265 after the gold explorer announced the final drill results from the recently completed 2017 spring-summer drill program at its Douay Gold Project in northern Quebec, which included 9.0 metres of 4.53 g/t gold.
Hi, did you know SmallCapPower accepts blog submissions? You can contact me here
Disclosure: Neither the author nor any of the principals at Small Cap Power, or their family members, own shares in any of the companies mentioned above.
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. To read more of this Disclaimer please click on the button below: