G4G Capital Corp. (CVE:GGC), a gold junior, jumped after acquiring the option to purchase 21 properties in the Yukon Territory
Sean Mason | September 21, 2016 | SmallCapPower
A gold junior glistered following a Shawn Ryan property deal Wednesday. Here’s some small stocks making big moves on Wednesday, September 21, 2016 (as of 4 pm EST):
G4G Capital Corp. (CVE:GGC) shares surged 178% to $0.50 on Wednesday after the gold junior announced that it has acquired the option to purchase 21 properties, comprising approximately 2,490 square kilometers, located in the White Gold District of the Yukon Territory, from Shawn Ryan and Wildwood Exploration Inc. The Properties represent all of Mr. Ryan’s precious metal interests located in the White Gold District of the Yukon Territory that are not in a current joint venture with third parties. The purchase price consists of seven million common shares of G4G plus C$3.5 million in cash payable in five installments.
As well, shares of Cameo Resources Inc. (CVE:CRU) rose 11% to $0.05 as the mineral exploration company said it has signed a Letter Of Intent with Diamond Hunter Ltd. for the purchase of four cobalt/copper claims totaling 3,759 hectares in Saskatchewan.
Saint Jean Carbon Inc. (CVE:SJL), meanwhile, reported that the Company with the help of the University of Western Ontario has created the first graphene that has magnetic field referred to as Magnetoresistance. Saint Jean Carbon stock moved up 20% to $0.03 following the announcement.
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