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A man takes a photo of displays showing market prices at the Tokyo Stock Exchange in Tokyo April 11, 2012. (Toru Hanai/Toru Hanai/REUTERS)
A man takes a photo of displays showing market prices at the Tokyo Stock Exchange in Tokyo April 11, 2012. (Toru Hanai/Toru Hanai/REUTERS)

Midnight Trader

Today's small-cap stocks to watch Add to ...

Passport Potash Inc. , which was down by 2 per cent at yesterday's close, announced today that subsequent to its acquisition of the Fitzgerald Ranch, it has added 8 additional holes to its 2012 drill program. The new holes will be drilled on the Fitzgerald Ranch and the results will be included in an updated resource report.



ProSep Inc. , which ended yesterday's session 6 per cent lower, announced today that it was awarded two contracts totaling $1.3-million for gas treatment solutions. The bulk of this amount is for a CO2 gas treatment membrane system to be delivered to a South American gas producer.



Scorpio Gold Corp. , which hit year lows yesterday, announced today the initial results from its 2012 drilling program on the Brodie Northwest Zone, located 975 metres southwest of the current mining in the Drinkwater pit at the 70 per cent owned Mineral Ridge project, Nevada.



SelectCore Ltd. , which was down 5 per cent at yesterday's close, announced today that it has entered into a 3-year distribution agreement with Gift Card Stop LLC. Under the terms of the agreement, gift card brands will be available through SelectCore's point-of-sale platform.



QLT Inc. , which rose more than 5 per cent yesterday in moving closer to a year high $8, postponed today's annual general meeting for 11 days in response to the actions taken by NB Public Equity Komplementar ApS to elect a dissident slate of directors to the QLT board.



Fortuna Silver Mines Inc. , which rose nearly 5 per cent yesterday, reported an extension of high-grade mineralization at Bateas Vein in the Caylloma Mine.



First Uranium Corp. , which is trading near year low levels, responded to recent media comments attributable to Olma Investments which suggest that Olma will vote against the sale of the company's two main assets. In response, the company initiated a mailing to its shareholders saying the asset sales are in the best interest of stakeholders.



Marathon Gold Corp. and Mountain Lake Resources Inc. announced the signing of a binding arrangement agreement whereby Marathon will acquire all of the outstanding common shares of Mountain Lake.



Polaris Minerals Corp. said that its joint venture subsidiary, Cemera Long Beach LLC, has entered into a purchase and sale agreement in respect to the freehold land that it jointly owns on Pier B in Port of Long Beach, California.



Search Minerals Inc. announced that the company and Australia-listed PT ANTAM (Persero) Tbk have signed a heads of agreement to cooperate in developing a starved acid leach technology plant to apply the company's SALT technology in processing low grade saprolite nickel ore from ANTAM's mining permits in one or more of Halmahera, Pomalaa or other mining projects located within Indonesia.

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