Majescor Resources Inc. (CVE:MJX), a mining penny stock, acquires two blocks of lithium claims in Québec
Sean Mason | June 15, 2016 | SmallCapPower
A lithium claims acquisition was good news for one mining penny stock Wednesday, while a distribution agreement lifted a medical tech play. Here’s some small stocks making big moves on Wednesday, June 15, 2016 (as of 4 pm EST):
Majescor Resources Inc. (CVE:MJX) shares climbed 39% to $0.125 on Wednesday after the mining penny stock announced that it has entered into an option agreement with a prospector to acquire two blocks of lithium claims in the James Bay Area of Québec, which will now be known as the Rupert Lithium project.
As well, shares of Nordex Explosives Ltd. (CVE:NXX) powered 56% higher to $0.14 as the manufacturer of explosives for the mining, quarry and construction industries said it has entered into a going private transaction agreement at a price of $0.15 per share.
Cruz Capital Corp. (CVE:CUZ), meanwhile, reported that it has acquired the War Eagle Cobalt Prospect in British Columbia. Cruz Capital stock popped 63% to $0.245 following the announcement.
In addition, shares of Covalon Technologies Ltd. (CVE:COV) jumped 38% to $1.42 as the medical technologies company said it has signed a distribution agreement with Medline Industries Inc., the largest privately held medical distributor in the United States, whereby Medline will be distributing Covalon-branded products, including IV Clear, SurgiClear, and ColActive Plus product lines into its extensive U.S. customer base.
Finally, Rouge Resources Ltd. (CVE:ROU) shares gained 37% to $0.48 after the resource junior announced that it has entered into a binding letter of intent with Arena Minerals Inc. for the acquisition of the Pampas El Peñon gold project in Chile.
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