On Monday, Mineraux Maudore (TSX: V.MAO, Stock Forum) shares soared 28% to $2.50 after the micro-cap explorer reported results from its Comtois Gold Project in Quebec, which included 52.4 grams/tonne (g/t) gold over three meters.
As well, shares of TAG Oil (TSX: V.TAO, Stock Forum) shot up 19% to 12.5 cents as the oil and gas producer/explorer said the Cheal A7 step-out well at the Cheal oil field in New Zealand, in which TAG has a 30.5% interest, has been drilled, logged and both of the Mt. Messenger sandstone reservoirs targeted are interpreted as oil saturated. The well was drilled to a total measured depth of 1848 meters and intercepted approximately seven meters of oil bearing sands within the Mt. Messenger formation. Austral Pacific Energy (TSX: V.APX, Stock Forum) owns the remaining interest in the well and its shares powered 46% higher to 39.5 cents.
In Tuesday trading, Western Prospector Group (TSX: V.WNP, Stock Forum) shares soared 81% to $1.30 after the micro-cap miner said Tinpo Holdings Industrial will acquire all the outstanding common shares of Western for $1.34 per share in cash, or about $74 million. The offer is considered to be a 130% premium to the Khan Resources (TSX: T.KRI, Stock Forum) bid of about 58 cents per Western share. Khan shares climbed 28% to $1.09 on the news.
Also, shares of RepeatSeat (TSX: V.RPS, Stock Forum) shot up 35% to 17.5 cents as the entertainment solutions provider and Chukka Caribbean Adventures reported the successful roll out of the "TourMax" Tour and Excursion software, which handles reservations, ticketing and tour dispatch functions. The TourMax product will be marketed throughout the Caribbean and then globally to tour operators.
Wednesday's market action saw shares of Nevoro (TSX: T.NVR, Stock Forum) power 55% higher to 31 cents after the junior miner said it has acquired, through its indirect wholly-owned subsidiary Aurora Metals USA, the Benbow chromite mine in Montana. The Benbow mine has historical resources totaling 21 million tons averaging 22% Cr2O3 (Chrome Oxide). Chromium is mixed with steel to make it corrosion resistant or harder.
In addition, shares of MedMira (TSX: V.MIR, Stock Forum) skyrocketed 146% to 27 cents as the rapid diagnostics developer said it has received a Notice of Allowance from the United States Patent and Trademark Office for its rapid flow-through test methodology, the technology platform its rapid tests are built on. The test can be used as an aid to diagnose one or multiple diseases using one test device and a single drop of blood.
On Thursday, Guardian Exploration (TSX: V.GX, Stock Forum) shares soared 40% to 35 cents after the oil and gas explorer announced that on July 7, 2008, its operating partner completed drilling and testing the third Girouxville light oil pool. Initial flow tests over a four-hour period produced 156 barrels with stable pressures. Extrapolated over a 24-hour period the flow rate would equal approximately 936 barrels of oil per day. As of July 12, production data indicates the well is flowing at a restricted rate of about 530 barrels of oil per day with stable pressures, and no water. Guardian has a 55% working interest in this well, which equates to approximately 300 net barrels of oil per day to the company.
Also, Temoris Resources (TSX: V.TMO, Stock Forum) reported results from geochemical analysis and assays from silver, lead and zinc bearing quartz-sulphide fissure veins from its Beaverdell property in British Columbia. A total of four rock chip channel samples were taken at right angles to the width of exposed mineralization, which included 250 g/t silver over a width of 32 cm. Its shares jumped 16% to 11 cents.
And, in Friday trading, Kootenay Energy (TSX: V.KTY, Stock Forum) shares soared 30% to 52 cents 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.
Finally, 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.
