Resource Junior Jumps on Property Acquisition

Sean Mason | April 5, 2016 | SmallCapPower

Some investors applauded an overseas property deal Tuesday, while a tarnished gold explorer shone on talk of a company sale. Here’s some small stocks making big moves on Tuesday, April 5, 2016 (as of 4 pm EST):

GJB logoGold Jubilee Capital Corp. (TSXV: GJB) shares shot up 28% to $0.23 on Tuesday after the resource project developer announced that it has acquired an option to earn a 100% interest in the Deli Jovan North property in the Republic of Serbia. The Property consists of a single mineral exploration permit, covering over 99.89 km2, and is located about 10 km from the active Bor copper-gold mines.

Find out more about Gold Jubilee Capital by watching SmallCapPower’s CEO interview from PDAC 2016 >>

As well, shares of SEMAFO Inc. (TSX: SMF) slipped 7% to $4.36 as the West Africa-focused gold producer said that, due to strong demand, it has increased the size of its previously announced offering to 23 million common shares, at a price of $4.35 per common share, for total gross proceeds of approximately $100 million.

BriaCell Therapeutics Corp. (TSXV: BCT), meanwhile, reported that it expects to be in a position to launch its Phase I/II clinical trial for up to 24 late-stage cancer patients within this current quarter. BriaCell Therapeutics stock moved up 2% to $0.235 following the announcement.

Finally, Dynasty Metals & Mining Inc. (TSX: DMM) gained 14% to $0.125 as the mineral explorer/developer announced that it is considering strategic alternatives to enhance shareholder value, which may include the sale of the Company.

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