Small
stocks making big moves on Thursday, February 5, 2015 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
Premier Gold Mines Limited (TSX: PG)
shares gained 13% to $2.30 on Thursday after the gold project developer said it
has signed a definitive agreement to form a 50/50 partnership with Centerra Gold Inc. (TSX: CG)
for the joint ownership and development of Premier’s Trans-Canada Property in northern
Ontario. Under the terms of the agreement, Centerra will contribute up to C$300
million in cash to the partnership, of which C$85 million will be paid to
Premier on closing and C$185 million will be used to complete a comprehensive
technical and economic feasibility study including an updated mineral resource
calculation for the Hardrock Project at the Trans-Canada Property.
Premier
Gold Mines is a component company of the Ubika Gold 20 (see the index here).
As well,
shares of Redknee Solutions Inc. (TSX: RKN)
slipped 4% to $3.10 as the provider of real-time monetization and subscriber
management software announced that its first-quarter revenue totaled $62.6
million, up 4% from a year ago, while net income for the quarter was $0.02 per
share compared with a net loss of $0.03 per share during the same period last
year.
TomaGold Corporation (TSXV: LOT), meanwhile, reported that its joint venture partner IAMGOLD Corporation (TSX: IMG)
provided an update from the ongoing exploration program at its optioned Monster
Lake project in Quebec. Recent assay results included 46.33 g/t gold over 9.18
metres. TomaGold stock popped 24% to $0.105 following the announcement.
Finally, Petro One Energy Corp. (TSXV: POP)
shares climbed 48% to $0.155 after the oil and gas explorer/developer announced
that Well 6-22, its first horizontal well drilled on the Milton oil field in
the upper Viking region of Saskatchewan, was completed as planned and has been
on production since mid-January.
