Gold Explorer Climbs on Asset Sale

Redstar Gold Corp. (CVE:RGC), a gold explorer, moved up after agreeing to sell its exploration assets in Nevada to NV Gold Corporation

Sean Mason | September 2, 2016 | SmallCapPower

A Nevada asset sale could be good news for shareholders of one gold explorer Friday. Here’s some small stocks making big moves on Friday, September 2, 2016 (as of 4 pm EST):

Redstar Gold Corp. (CVE:RGC) shares jumped 12% to $0.145 on Friday after the gold explorer announced that it has agreed to sell 100% of its exploration assets in Nevada to NV Gold Corporation (CVE:NVX) in consideration for six million common shares of NV Gold.

As well, shares of Tanzanian Royalty Exploration Corporation (TSE:TNX) rose 16% to $1.21 as the gold project developer said it has closed the first tranche of a $5 million private placement, which will be used to expand the production team necessary to develop its Buckreef gold mine in Tanzania.

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BTL Group Ltd. (CVE:BTL), meanwhile, reported that it has entered into a project with Visa Europe Collab to explore potential applications for blockchain technology in the financial services ecosystem. BTL Group stock moved up 92% to $1.48 following the announcement.

Finally, Aquila Resources Inc. (TSE:AQA) shares gained 27% to $0.305 after the gold/zinc project developer announced that the Michigan Department of Environmental Quality has provided public notice on its Proposed Decision to issue a draft Nonferrous Metallic Mineral Mining Permit to Aquila for its Back Forty Project in Michigan’s Upper Peninsula.

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