Canadian issues that are moving on early news
Duluth Metals, which gained 6 per cent on Friday, said it is set to drill “significant” exploration properties outside of joint venture.
Scorpio Mining Corporation, which rose 3 per cent Friday, provided an update on its corporate, operational and exploration activities and progress during 2012 and reported the company’s action plan for the remainder of the year.
BNK Petroleum Inc., which lost more than 2 per cent Friday, provided updates on its operations in Poland and Oklahoma.
Cangene Corporation, which rose more than 5 per cent Friday, today announced that its wholly-owned subsidiary, Cangene Plasma Resources, Inc. has entered into an agreement for the sale of its three U.S. based plasma centres to Grifols, through wholly-owned Grifols subsidiary, Biomat USA, Inc.
Sophiris Bio Inc. announced that Alexander Casdin has resigned as the CFO of Sophiris Bio. Sophiris said it is currently “evaluating the structure of the company’s finance department” and in the interim Peter Slover, Head of Finance and Principal Accounting Officer, will assume Casdin’s duties.
Treasury Metals Inc., which jumped 6.5 per cent Friday, today announced the results of an advanced level metallurgical testwork program. The results confirm excellent gold recoveries from the Goliath Gold Project in northwestern Ontario consistent with the company’s scoping study level work performed in 2011 and the large bulk sample performed by former owner Teck Resources Ltd. The advanced level metallurgical test results could support a feasibility study on the Goliath project in the future.
Wi-LAN Inc. has entered into a multi-year exclusive license agreement with SENSIO Technologies Inc., granting Wi-LAN with all rights to license certain SENSIO patents relating to 3D technologies for digital displays and associated with SENSIO S2D Switch technology. The agreement also grants Wi-LAN exclusive rights on certain other SENSIO patents within a specific field of use.
Rio Alto Mining Limited has signed a letter of intent with Duran Ventures Inc. whereby Rio Alto may earn up to a 70 per cent interest in Duran’s Minasnioc Gold-Silver Property and a 65 per cent interest in the Ichuna Copper-Silver Property. RIO closed at $5.25 on Friday, nearing year high $5.32.
Forbes & Manhattan Coal Corp. said total sales were 284,196 tonnes in the second quarter of 2013, which represents a 21 per cent quarter over quarter increase. Production was 414,551 tonnes, which was a 7 per cent increase compared to the 387,075 tonnes produced in the first quarter of 2013.
Excellon Resources Inc. has resumed exploration drilling at La Platosa with three diamond drills currently operating at Rincon del Caido, 1.1 km northwest of the La Platosa mine. EXN lost 1 per cent on Friday.