Kootenay Energy (TSX: V.KTY, Stock Forum) shares soared 30% to 52 cents on Friday after the micro-cap oil and gas explorer said Korea's Golden Oil Corporation has offered to acquire all of the outstanding shares of Kootenay at a price of 66 cents a share in cash.

As well, units of Atlantic Power Corporation (TSX: T.ATP.UN, Stock Forum) shot up 21% to $7.79 as the owner of interests in a diversified portfolio of 13 power generation projects announced that its Board of Directors has authorized the purchase of up to four million income participating securities, representing about 8% of its public float.

Shermag (TSX: T.SMG, Stock Forum), meanwhile, said it is has obtained an order from the Quebec Superior Court to establish a claims process for the purpose of determining the claims of the creditors of Shermag and for the calling and conducting of a meeting of the creditors of Shermag once a plan of compromise and arrangement has been filed. Shermag stock popped 43% to 10 cents.

And, Canadian Imperial Venture (TSX: V.CQV, Stock Forum) Friday said it has been informed by the operator, Shoal Point Energy, that the 2K-39-Z well is at its total depth. Currently, preparations are underway to log the well and it is estimated that logging and log interpretation will take about four days to complete, at which time a further update will be issued. Its shares added 5% at 10 cents.

Top Canadian Small/Micro-cap Advancers (as of 4 PM Eastern)
Top Canadian Small/Micro-cap Decliners

ABOUT THE AUTHOR

Sean Mason

Sean Mason is a Stockhouse market reporter and editor.

Stockhouse Conflict and Disclosure Policy:

Stockhouse publishing Ltd., owners and operators of Stockhouse.com, has established the following rules to ensure that there is no appearance of impropriety on the part of any Stockhouse Editorial writers ("Writers"). The content of Stockhouse Editorial articles (the "Articles") are the opinion of the Writer and any reliance on the content of these articles is at your sole risk. Our Writers are not registered investment advisors. You should not make any kind of investment decision in relation to Articles or stocks discussed in them without obtaining advice from a registered investment advisor.

Facts relied upon by our Writers are generally provided by the subject companies or gathered by our Writers from other public and/or private sources. These facts may be in error and if so, the opinions of our Writers may be materially different.

Writers may own, buy, or sell shares in public companies mentioned in their Articles, but in the Article they must prominently state their ownership position. Thus, a conflict may exist. Writers are not permitted to write Articles that attempt to benefit persons connected to the Writer, such as family or friends, except where disclosure is made in the same way as if the Writer him/herself owns stock.

Writers cannot solicit, accept, or agree to receive anything of value given or paid with the intent of influencing their Articles.

Stockhouse notifies each Writer about these rules, and we rely on the integrity of our Writers to ensure that our rules are followed.

Company Showcase

View Sectors

Today's Feature

View Now

Pacific North West Capital Corp.

Pacific North West Capital Corp. (TSX: PFN; OTCQX: PAWEF; Frankfurt: P7J) is a mineral exploration company focused on the exploration and development of one of Canada's largest primary Platinum Group Metals (PGM) deposits, the River Valley PGM Project located in the Sudbury region of Ontario. The Company is also advancing the Rock & Roll Poly Metallic Project in the Iskut River region of British Columbia. Pacific North West Capital Corp...