Resource Junior Jumps on Sprott Investment

Freegold Ventures Limited (TSX:FVL), a resource junior, surged following an investment from Eric Sprott

Sean Mason | September 6, 2019 | SmallCapPower

A big investment from Eric Sprott powered shares of a resource junior Friday. Here’s some small stocks making big moves on Friday, September 6, 2019 (as of 11:30 am EST):

Freegold Ventures Limited (TSX:FVL) shares climbed 40% to $0.105 on Friday after the resource junior announced that Eric Sprott, through a corporation that is beneficially owned by him, will invest $1.94 million in the Company via a non-brokered private placement at a price of $0.0625 per unit, which represents a 14% equity stake in Freegold.

Win Big With Our Small Cap Picks


As well, shares of TriMetals Mining Inc. (TSX:TMI) gained 21% to $0.085 as the gold explorer said its wholly-owned subsidiary has received full payment (US$25.8 million) of its settlement agreement with the Government of Bolivia.

Canopy Rivers Inc. (TSXV:RIV), meanwhile, reported that it has received approval to list its shares on the TSX beginning on September 9, 2019. Canopy Rivers stock moved up 10% to $2.57 following the announcement.

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

Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.

To read our full disclosure, please click on the button below: