A dollar sign under a magnifying glass.
Inside the Market's roundup of some of the Canadian small caps making news and on the move today. This post will be updated during the trading day.
Immunovaccine Inc., a clinical stage vaccine company, today announced positive results for a vaccine formulated in its DepoVax technology in an Ebola virus study performed by the National Institute of Allergy and Infectious Diseases of the National Institutes of Health. In a preliminary study using cynomolgus monkeys, which are particularly sensitive to the Ebola virus, all vaccinated subjects survived exposure to a lethal dose of the wild type Zaire strain of the virus, the company said. All unvaccinated control animals succumbed to the disease.
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Palliser Oil & Gas Corp. shares were halted Friday night by request of the TSX Venture Exchange after the exchange determined that the merger between Palliser with Maha Energy Inc. required more filings and information dissemination. Shares have risen 30 per cent since the merger was announced earlier this year at the end of July.
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ShaMaran Petroleum Corp. reported that its net loss had increased to $1.9-million in the second-quarter, up from $1-million last year. The losses were driven mainly by net bond interest, general, administrative and share based payments expenses, according to the company. Shares have dropped 28 per cent year-to-date. Shares are down 3 per cent in early trading today.
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Paramount Gold and Silver Corp. announced today the results of a Preliminary Economic Assessment for its 100 per cent-owned San Miguel gold and silver project located in Chihuahua State, Mexico. The new PEA confirms that the San Miguel project represents a potentially robust economic opportunity to develop a low-cost mine in the prolific Sierra Madre belt in Mexico, the company said. It also features a substantial increase in measured, indicated and inferred resources compared to an earlier PEA released last year.
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Finavera Wind Energy Inc. announced it has signed an agreement to acquire 100 per cent of the equity of Solar Alliance of America, Inc. in a transaction valued at $6-million (U.S.). Under the terms of the agreement, Finavera will acquire Solar Alliance for $4-million (U.S.) in cash and $2-million in stock, based on the volume weighted average 20-day trading price of Finavera following the closing of the transaction, with a floor price of not less than 21 cents per share. This represents a premium of approximately 45 per cent over the company's previous closing price.
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Premier Gold Mines Ltd. said it filed a technical report for its Hardrock project, showing overall indicated resources rising 50 per cent to 4.87 million ounces.
Darcy Keith