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TABLE OF CONTENTS Mar 31 - Apr 6, 2014 Volume 100 Number 7 - 0 comments

TSX Venture closes relatively flat, March 17-21

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2014-03-26

The S&P/TSX Venture Composite Index closed up 1.12 points during the trading sessions at 1,034.76. Concern surrounding Chinese economic growth depressed base-metal prices, while precious metal futures also lost ground. Markets took a break after the tense referendum vote in Crimea, while the U.S. Conference Board’s leading indicator index of future economic performance increased by the largest amount in three months.

Gold futures hit a three-week low, with June contracts for bullion dropping 3.7% or US$51.70, en route to a US$1,335.30 per oz. close. May contracts for copper remained unchanged at US$2.95 per lb.

Shares in uranium explorer International Enexco shot up 16¢ on news of an all-share bid from uranium outfit Denison Mines. Enexco shareholders would receive 0.26 of a Denison share for each share held, which values Enexco’s uranium assets at US$16 million. Enexco shares closed out the week at 53¢ per share on 746,000 shares traded. Enexco’s uranium portfolio includes a 30% interest in the Mann Lake exploration project, and a 20% interest in the Bachman Lake joint venture.

Enexco signed a related, secondary agreement with Full Metal Minerals and Choice Gold, whereby Enexco would spin out its Contact copper project in Elko County, Nev. into Choice, while Full Metal would move its Pyramid copper project on the Alaska Peninsula into the new vehicle.

Explorer Huakan International Mining led the value-added category during the week with a 283%, or 34¢ gain, en route to a 46¢ close on 94,500 shares traded. On March 17 Huakan said it would go private under the ownership of Hong Kong Huakan Investment, Sun Luck Asia Investment and Power Best Resources. The acquirers would pay 50¢ per share in cash, which values Huakan at US$1.6 million — or a 294% premium — on a 20-day, volume-weighted average share price. Huakan’s portfolio is highlighted by three polymetallic properties in B.C.

Nevada Sunrise Gold rose 16¢ on 762,550 shares traded before closing at $1 per share after financing news. The company has enjoyed positive market momentum due to drill results from its Kinsley Mountain joint venture in Nevada, where it holds a 21% interest alongside operator Pilot Gold. Nevada Sunrise has just closed a US$1.05-million non-brokered private placement, wherein it placed 3 million units for 35¢ each.

TSX-V most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Terra Firma Rs TFR 34247 0.04 0.02 0.04 + 0.02
Satori Res BUD 25734 0.17 0.08 0.15 + 0.04
Thelon Cap THC 13410 0.17 0.07 0.16 + 0.07
Fission Uran FCU 6375 1.65 1.54 1.61 + 0.02
Aurcana Corp AUN 6129 1.08 0.9 0.9 - 0.15
Full Metal Mnl FMM 5959 0.04 0.02 0.03 + 0.01
Metanor Res MTO 5779 0.27 0.2 0.2 - 0.06
EPM Mng Vent EPK 5348 0.2 0.11 0.19 + 0.08
Kilo Goldmines KGL 5092 0.03 0.02 0.02 - 0.01
Robex Res RBX 4792 0.25 0.23 0.24 + 0.01

TSX-V greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Reservoir Capt REO 89 0.18 0.12 0.18 + 1650
Red Rock Enrgy RRK 3520 0.03 0.01 0.03 + 400
Huakan Intl Mg HK 95 0.48 0.41 0.46 + 283.3
Huntington Exp HEI 347 0.04 0.02 0.04 + 250
Reliant Gold REC 4001 0.09 0.05 0.06 + 140
Terra Firma Rs TFR 34247 0.04 0.02 0.04 + 133.3
Regent Vents REV 50 0.01 0.01 0.01 + 100
Open Gold OPG 242 0.03 0.02 0.03 + 100
Glass Earth GEL 1324 0.01 0.01 0.01 + 100
Amanta Res AMH 32 0.01 0.01 0.01 + 100
Tanqueray Expl TQY 17 0.03 0.02 0.02 - 55.5
Northern Abiti NAI 167 0.01 0.01 0.01 - 50
NWM Mng NWM 391 0.01 0.01 0.01 - 50
Randsburg Intl RGZ 51 0.01 0.01 0.01 - 50
Monster Mng MAN 46 0.02 0.01 0.01 - 50
BE Res BER 48 0.16 0.1 0.11 - 44.7
Atlanta Gold ATG 1879 0.04 0.03 0.03 - 44.4
Zinco Mng ZIM 94 0.05 0.04 0.04 - 42.8
Nitinat Mnls NZZ 3808 0.03 0.01 0.02 - 40
Camino Mnls COR 2646 0.02 0.02 0.02 - 40

TSX-V greatest value change


Company Symbol Change Close Change
Huakan Intl Mg HK 94515 0.46 + 0.34
Gold Reserve GRZ 17254 3.83 + 0.3
Tasman Metals TSM 697419 2.02 + 0.25
Reservoir Capt REO 88626 0.18 + 0.17
Intl Enexco IEC 746050 0.53 + 0.16
Nevada Sunrise NEV 762552 1 + 0.15
Newstrike Cap NES 576023 1.15 + 0.15
Titanium Corp TIC 360915 0.8 + 0.15
Selwyn Res SWN 10671 2 + 0.15
Karmin Expl KAR 283245 0.48 + 0.13
Reservoir Mnls RMC 246387 6.8 - 0.63
Tsodilo Res TSD 37002 1.25 - 0.5
Chesapeake Gld CKG 183775 3.32 - 0.3
Probe Mines PRB 468426 3.52 - 0.24
Atac Res ATC 1385432 1.35 - 0.22
Pac Booker Min BKM 12108 6 - 0.2
Anfield Nickel ANF 93785 1.92 - 0.2
Bear Creek Mng BCM 871198 2.08 - 0.17
Mirasol Res MRZ 125614 1.48 - 0.17
Aurcana Corp AUN 6129403 0.9 - 0.15


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Related Press Releases
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Pilot Gold Hits 0.63 g/t Au and 0.27% Cu Over 134.7 Metres at TV Tower
 



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