Canadian issues that are moving on early news
Nevada Copper Corp. has entered into a share purchase agreement to purchase an aggregate of 46 million common shares of fellow B.C.-based miner Mercator Minerals Ltd., representing approximately 17.8 per cent of the issued and outstanding common shares of Mercator. NCU has gained 4 per cent yesterday.
Webtech Wireless Inc. announced the immediate availability of their WT7000 locators with 3G connectivity. The wireless and GPS tracking company said these devices support a large variety of solution sets for vehicle fleet management for its corporate and government clients. WEW lost 5 per cent yesterday.
New Dawn, which gained 7 per cent Thursday, reported court approval to acquire all outstanding minority shares of its Falcon Gold Subsidiary in Zimbabwe.
GWR Global Water Resources Corp. and Global Water Resources, Inc. announced that city council for the City of Torrance, California, approved a multi-year contract with Global Water that expands the use of its cloud-based utility asset management system FATHOM across the City’s wastewater service connections. GWR rose 3 per cent Thursday.
Sterling Resources Ltd. announced that drilling operations have commenced at the Ioana gas prospect in Block 15 Midia in the Romanian Black Sea. The Ioana-1 well is targeting the Mid Pontian sandstone formation to a total well depth of 1,600 metres and is expected to take up to 30 days to complete.
Boyuan Construction Group, Inc., which is trading at year lows, announced that as a consequence of the delay in filing its audited annual financial statements for the fiscal year ended June 30, 2012 and related filings, the Company is in default under its trust indenture dated February 27, 2009 with respect to the 11.75 per cent secured convertible debentures due February 28, 2013. The company has received a default notice in this regard.
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