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.

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

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