Medical Tech Stock Surges on Investment, Acquisition

Neovasc Inc. (TSE:NVC), a medical tech stock, popped after announcing an investment from Boston Scientific Corporation

Sean Mason | December 2, 2016 | SmallCapPower

A big investment by Boston Scientific boosted a medical tech stock Friday. Here’s some small stocks making big moves on Friday, December 2, 2016 (as of 4 pm EST):

Medical tech stock Neovasc Inc. (TSE:NVC) powered 66% higher to $1.16 on Friday after announcing that Boston Scientific Corporation has agreed to acquire Neovasc’s tissue processing technology and facility for approximately US$67,909,800, and has committed to invest an additional US$7,090,200 in Neovasc for a 15% equity interest in the Company.

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As well, shares of American Lithium Corp. (CVE:LI) slid 30% to $0.21 as the lithium explorer said its QA/QC process has found material flaws in the sample assay results announced August 11, 2016; October 12, 2016; October 21, 2016, and November 3, 2016.

YDreams Global Interactive Technologies Inc. (CVE:YD), meanwhile, reported that it will use its knowledge of Virtual Reality, gaming and immersive experiences to develop training solutions for military use. YDreams Global stock popped 45% to $0.225 following the announcement.

Finally, Gold Reserve Inc. (CVE:GRZ) shares climbed 15% to $5.21 after the gold project developer announced that it has agreed to further modify the settlement agreement previously entered into with Venezuela, in which the first payment of US$300 million, originally scheduled for November 30, 2016, is now rescheduled to take place on or before December 15, 2016.

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