Junior explorer soars on silver results
From Stockhouse | 2009-11-25 02:00:13
<div id="subtitle">Silver assays stirred much speculation Tuesday, while a takeover deal boosted a printed circuit board stock.</div><div><tr><td><b>'+company+ '</b> (<a href="http://content.mochila.com/FinancialTools/sn_overview.asp?symbol='+exchange+'.'+symbol+'">TSX: '+exchange+'.'+symbol+'</a>, <a href="http://content.mochila.com/Bullboards/SymbolList.aspx?s='+symbol+'&t=LIST">Stock Forum</a>)</td><td align="right">'+percent+'</td></tr><p>Stockhouse Canadian Small and Micro-cap Stock Report for Tuesday, November 24, 2009
</p><p>TORONTO (SHfn) – Silver assays stirred much speculation Tuesday, while a takeover deal boosted a printed circuit board stock.
</p><p>Mirasol Resources (TSX: V.MRZ, Stock Forum) shares jumped 97% to $1.32 on Tuesday after the micro cap explorer reported partial results from the third phase of drilling from the La Negra zone at its Joaquin Project in Argentina, which included 25.4 meters of 1,164 grams per tonne (g/t) silver and 0.21 g/t gold.
</p><p>As well, shares of Coretec (TSX: T.CYY, Stock Forum) moved up 153% to 38 cents as the provider of printed circuit board engineering and manufacturing services said it has entered into a definitive agreement pursuant to which DDi Corp. (NASDAQ: DDIC, Stock Forum) will acquire Coretec for approximately $25.2 million, comprised of approximately $7.4 million in cash for Coretec's common stock and the assumption of $17.8 million of Coretec debt outstanding as of September 30, 2009. Under the arrangement, Coretec shareholders will receive 38 cents per Coretec common share.
</p><p>Exploration Orbite VSPA (TSX: V.ORT.A, Stock Forum), meanwhile, reported that Aluminerie Alouette will contribute $1 million dollars towards the implementation of Orbite’s experimental pilot plant, which has as foremost objective the extraction of alumina from Grande-Vallée aluminous clay. Not only have this, but Aluminerie Alouette and Orbite moreover entered into formal negotiations towards the signature of a renewed technical cooperation agreement, thereby furthering their partnership’s growth. The Aluminerie Alouette investment of $1.0 million will take the form of a convertible loan bearing interest, and is repayable in November 2015. Exploration Orbite stock popped 19% to 15.5 cents.
</p><p>And, Lignol Energy (TSX: V.LEC, Stock Forum) and PPG Industries (NYSE: PPG, Stock Forum), a global supplier of paints, coatings, optical products, specialty materials, chemicals, glass and fiber glass, Tuesday announced a joint development agreement for the development of commercial applications incorporating Lignol's class of High-Purity Lignin and lignin derivatives in various industrial coatings. Lignol shares powered 43% higher to 21.5 cents.
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