Canadian issues that are moving on early news
Boyuan Construction Group, Inc., announced, as requested by the company, that it has been granted a Temporary Management Cease Trade Order by the Ontario Securities Commission as a result of its September 25, 2012 announcement that it would be late in filing its audited annual financial statements for the fiscal year ended June 30, 2012.
Jaguar Mining Inc., which fell 2.5 per cent Tuesday, received notification from the New York Stock Exchange that as of the market close on September 28, 2012 the company was once again in full compliance with the minimum price continued listing standard.
North American Nickel Inc. announced that the preliminary results from its first drill campaign at the Maniitsoq project in Greenland confirm 2 styles of sulphide mineralization. NAN rose 6 per cent yesterday but is trading near year low 9 cents.
Pure Multi-Family REIT LP announced that it has entered into an agreement to acquire a multi-family apartment community comprising of 464 residential units located in the Dallas-Fort Worth Metroplex, for an aggregate purchase price of $52,500,000 (U.S.).
Brixton Metals Corporation announced the start of its Phase two, 2012 drill program at the Thorn Ag-Au-Pb-Zn-Cu project located in Northwestern British Columbia.
ATAC Resources Ltd. today reported the discovery of a third area with Carlin-type mineralization at its Pharaoh target in Yukon Territory. Detailed 2012 follow-up work at the Pharaoh target has identified gold-bearing mineralization in a number of separate structures over a 1,300 by 600 meters area. ATC lost 2 cents yesterday.
Manas Petroleum, which is trading near year lows, announced that its subsidiary Gobi Energy Partners LLC, has completed drilling at the Ger Chuluu D1 well in Mongolia. Drilling was stopped after reaching 600 meters without any hydrocarbon shows. After logging the well was plugged and abandoned.
International Northair Mines Ltd. announced the acquisition of a significant package of mineral concessions totaling nearly 32,000 hectares contiguous to its La Cigarra silver project in Mexico. The land package was acquired through an option agreement. INM closed at 35 cents yesterday.
Caza Oil & Gas, Inc. said drilling has commenced on its Forehand Ranch Prospect in Eddy County, New Mexico. The Forehand Ranch 27 State Com No. 1H horizontal well is the initial test well. CAZ was last trading at 12 cents per share.
MAG Silver Corp. has completed the first independent mineral resource estimate for the Bridge Zone/Jose Manto on its 100 per cent owned Cinco de Mayo Property in Chihuahua state, Mexico. Inferred mineral resources are estimated to be 12.45 million tonnes at 132 grams per tonne silver, 0.24 g/t gold, 2.86 per cent lead, and 6.47 per cent zinc (9.33 per cent lead plus zinc).