Resource Junior Shines on Financing Announcement

Vendetta Mining Corp. (TSXV:VTT), a resource junior, moved up after announcing a proposed financing transaction

Sean Mason | April 12, 2019 | SmallCapPower

Potential financing for a lead zinc property acquisition lifted shares of resource junior Friday. Here’s some small stocks making big moves on Friday, April 12, 2019 (as of 4 pm EST):

Vendetta Mining Corp. (TSXV:VTT) shares climbed 10% to $0.11 on Friday after the resource junior announced that it has entered into a non-binding term sheet for a proposed financing transaction with Nebari Holdings LLC, to pay the final property payment of A$3 million and, in doing so, complete Vendetta’s acquisition of a 100% interest in the Pegmont Lead-Zinc project in Australia.

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As well, shares of Ur-Energy Inc. (TSX:URE) slipped 5% to $1.16 as the uranium miner said it expects to produce between 75,000 and 100,000 pounds of uranium at Lost Creek in 2019, adding that it does not anticipate selling any additional produced pounds in 2019.

Lydian International Limited (TSX:LYD), meanwhile, reported that the Administrative Court of the Republic of Armenia ruled in favour of Lydian and instructed the Armenian Police to remove trespassers and their property from the Company’s Amulsar Project site. Lydian International stock popped 39% to $0.18 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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