Precious Metals Junior Shines on Acquisition

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Canarc Resource Corp. (TSE:CCM), a precious metals junior, climbed after agreeing to acquire privately-held American Innovative Minerals LLC

Sean Mason | March 2, 2017 | SmallCapPower

Multiple U.S. gold property acquisitions put one precious metals junior into the spotlight Thursday. Here’s some small stocks making big moves on Thursday, March 2, 2017 (as of 4 pm EST):

Canarc Resource Corp. (TSX: CCM) shares climbed 11% to $0.10 on Thursday after the precious metals junior announced that it has agreed to acquire privately-held American Innovative Minerals LLC, which owns 10 gold properties in Nevada, one gold project in Idaho, two royalty interests on other properties as well as data on 500 Nevada exploration properties and an additional 100 exploration properties in Montana and the western USA, for a total purchase price of US$2 million.

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As well, shares of NeuLion, Inc. (TSX: NLN) slipped 10% to $0.86 as the provider of digital video broadcasting, distribution and monetization of live and on-demand content to Internet-enabled devices said its Q4 GAAP revenue fell 8% to $25.5 million.

Ventripoint Diagnostics Ltd. (TSXV: VPT), meanwhile, reported that it has received a license from Health Canada for the new VMS-PLUS machine and the 4-chamber heart analysis system. Ventripoint Diagnostics stock popped 590% to $0.69 following the announcement.

Finally, Great Thunder Gold Corp. (TSXV: GTG) shares gained 43% to $0.05 after the explorer announced that it has acquired 20 mineral claims, covering approximately 1,127 hectares, in the Windfall Lake area of Quebec.

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