On Monday, Verena Minerals (TSX: V.VML, Stock Forum) shares soared 36% to 19 cents after the micro-cap explorer reported drill results of 7.10 grams per tonne (g/t) gold over an interval of 14.30 metres from its 100% owned Volta Grande Project in Brazil.
Q9 Networks (TSX: T.Q, Stock Forum), meanwhile, said it has entered into a definitive acquisition agreement with CDC Acquisition, an affiliate of ABRY Partners, LLC, to purchase all of the outstanding common shares of Q9 for $17.05 per common share in cash, or about $361 million. Q9 stock popped 29% to $16.73.
In Tuesday trading, Halo Resources (TSX: V.HLO, Stock Forum) shares shot up 17% to 14 cents after the micro-cap miner announced that the first phase of the Deep Target Initiative has been implemented at the Sherridon VMS Property in Manitoba. Approximately eight million tonnes of copper-zinc ore were mined from the East and West Mines up to 1951 to a maximum depth of 300 metres.
Also, shares of Rubicon Minerals (TSX: T.RMX, Stock Forum) climbed 26% to $1.71 as the miner reported results from its 100%-controlled Phoenix Gold Project in the Red Lake gold district of Ontario, which included 891.1 grams per tonne (g/t) gold over two metres.
Wednesday’s market action saw Transeuro Energy (TSX: V.TSU, Stock Forum) shares soar 46% to 39.5 cents after the micro-cap explorer and Questerre Energy (TSX: T.QEC, Stock Forum) announced that joint operations are under way to test the deeper shale's in the Liard basin in northeast British Columbia. There are two existing producing tight gas/shale wells (A2 and A7) which Transeuro and Questerre both have 50% ownership and that Questerre has operated for over two years with relatively low decline rates.
Production from the A2 increased to over 4.0mmcf per day. Gas in place numbers for this area for the Mississippian siltstone/shale sequence are confirmed at over 1 tcf per section (discovered resource) based on independent work by Nederland, Sewel & Associates Inc. Transeuro has a 50% interest in 35 sections with take away capacity in place. Questerre shares climbed 25% to $3.05.
In addition, shares of Pioneering Technology (TSX: V.PIO, Stock Forum) skyrocketed 100% to two cents as the energy smart products maker said the United States Air Force has reviewed the suitability of the company’s Safe-T-element technology for commercial Air Force Base applications and has determined that the product is now acceptable as an alternative means of compliance with their UFC 3-600-01 military code requirement for a range fire safety system.
On Thursday, StrataGold (TSX: T.SGV, Stock Forum) shares soared 23% to eight cents after the micro-cap explorer reported initial results from the 2008 diamond drill program on the Dublin Gulch property in the Yukon, which included 16.52 metres of 0.50% tungsten oxide.
Also, shares of Goldrea Resources (TSX: V.GOR, Stock Forum) shot up 29% to 15.5 cents as the junior miner announced the commencement of production and lateral access at the Golden Rose Mine in China, in which 3,150 tonnes of material has been stock piled. The company also received its updated NI 43-101, which estimates 2.67 million tones gold at a grade of 2.03 grams per tonne (g/t) with a US$20.26 per tonne cutoff in the indicated mineral resource category. This equates to US$52.21 per tonne of contained gold at US$800/ounce.
And, in Friday trading, Goldbrook Ventures (TSX: V.GBK, Stock Forum) shares soared 20% to 12 cents after the micro-cap miner announced that further to its press release dated June 20, 2008, it has entered into a definitive option and joint venture agreement with Jilin Jien Nickel Industry Co. of China for the exploration and development of Goldbrook's Raglan District Properties comprising some 891,000 acres in Quebec. Jien may earn a 50% interest in the property by providing funding of $45 million over three years for exploration.
Finally, shares of Medicure (TSX: T.MPH, Stock Forum) shot up 14% to four cents as the cardiovascular focused, biopharmaceutical company said sales of AGGRASTAT were $741,000 during the fourth quarter of fiscal 2008, representing the largest quarterly total for the 2008 fiscal year. The company also noted the quarter-over-quarter growth in revenue in each of the last two quarters of fiscal 2008 and expects this trend to continue into the first quarter of fiscal 2009. AGGRASTAT blocks the aggregation of platelets via fibrinogen, thereby reducing thrombus burden and improving blood supply to ischemic myocardium.
