Lorus Therapeutics Inc. (LOR-T), which closed at 47 cents, announced today that the Canadian Intellectual Property Office has issued the company a patent for its cancer immunotherapy agent, IL-17E. “This will not only significantly expand the market potential of this unique anticancer agent,” said chief executive Dr. Aiping Young, “but also greatly enhance the partnership potential of this program.”
McEwen Mining Inc. (MUX-T), which closed yesterday’s session at $3.01, announced today an updated resource estimate for its 100 per cent owned Los Azules Copper Project. The estimated contained copper metal in the indicated resource category has increased by 109 per cent to 4.6-billion lbs. and the estimated contained copper metal in the inferred resource category increased by 4 per cent to 10.8-billion lbs.
Williams Creek Gold Limited (WCX-X) – which closed at 38 cents yesterday, moving closer to year highs – announced today that it had a comprehensive loss of $322,203 in the first quarter ended April 30, 2012. The company said it continues to hold a strong balance sheet, with assets totaling $9.4-million against liabilities of $0.61-million.
Medworxx Inc. (MWX-X) announced today that Alberta Health Services has elected to extend the existing provincial agreement with the company to expand the licensing of the Medworxx Utilization Management System to all the acute-care beds in the province. MWX was last trading at 29 cents.
Premier Gold Mines Ltd (PG-T) and Bridgeport Ventures Inc. (BPV-T) announced that they have entered into a non-binding letter of intent that sets forth the basic terms of the proposed acquisition by Bridgeport of Premier Gold’s wholly-owned subsidiary, Premier Royalty Corporation.
Southern Pacific Resource Corp. (STP-T), which rose 3 per cent yesterday, announced completion of a long-term arrangement to transport its bitumen to the U.S. Gulf Coast via the rail network of CN (CNR-T).
Pacific Coal Resources Ltd. (PAK-X), which is trading near year lows, announced today that Patricia Herrera has been appointed new CFO. She replaces Miguel Velasquez, who tendered his resignation.
Palliser Oil & Gas Corporation (PXL-X), which is trading near year lows, provided an operations update. The company’s second-quarter 2012 production, based on field estimates, is anticipated to average approximately 1,950 boe/d, weighted 97 per cent to heavy oil, up 8 per cent from the first-quarter 2012 production average of 1,806 boe/d and up 59 per cent compared to the second-quarter 2011 production average of 1,225 boe/d.
Pure Nickel Inc. (NIC-T), which is trading at year lows, released its operating highlights and financial results for the second quarter. It reported that its net loss was in line with expectations – $485,000 ($0.01 per share) for the three months ended May 31, 2011, compared to a net loss of $526,000 ($0.01 per share) for three months ended May 31, 2011.
Niko Resources Ltd (NKO-T) posted a fourth-quarter net loss of $183.3-million U.S., or $3.55 per share, compared with net profit of $6.2-million, or 12 cents per share, a year earlier. Oil and natural gas revenue fell 24 per cent.