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.

See more Small and Micro Cap Market Movers Daily from Sean Mason. Tomorrow’s big stock market winners could be found here today!

Hi, did you know SmallCapPower accepts blog submissions? You can contact me here

DISCLAIMER

The Content contained on this page (including any facts, views, opinions, recommendations, description of, or references to, products or securities) made available by SmallCapPower/Ubika Research is for information purposes only and is not tailored to the needs or circumstances of any particular person. Any mention of a particular security is merely a general discussion of the merits and risks associated there with and is not to be used or construed as an offer to sell, a solicitation of an offer to buy, or an endorsement, recommendation, or sponsorship of any entity or security by SmallCapPower/Ubika Research. The Reader should apply his/her own judgment in making any use of any Content, including, without limitation, the use of any information contained therein as the basis for any conclusions. The Reader bears responsibility for his/her own investment research and decisions. Before making any investment decision, it is strongly recommended that you seek outside advice from a qualified investment advisor. SmallCapPower/Ubika Research does not provide or guarantee any financial, legal, tax, or accounting advice or advice regarding the suitability, profitability, or potential value of any particular investment, security, or information source.