Caldera Resources (TSX: T.CDR, Stock Forum) shares soared as much as 33% before closing unchanged at 1.5 cents on Wednesday after the micro cap miner said it has obtained an independent technical report on the diamond potential of the Ellendale East property in Western Australia, which recommended a bulk sample be undertaken. Caldera added that, based on a review of previous exploration data, property site visits and samples collected on the property, it is "highly likely that undiscovered primary diamondiferous sources exist within the Ellendale East Project."

As well, Canadian Trading Partners LLC has taken a 19.6% stake in InStorage Real Estate Investment Trust (TSX: T.IS.UN, Stock Forum) and indicated it may increase its holding and make a takeover bid for Canada's biggest self-storage owner, according to the Canadian Press. Canadian Trading Partners acquired 2.4 million InStorage units from Sentry Select Capital for $3.75 per unit, or a total of $8.9 million. Units of InStorage shot up 64% to $2.75.

Metallic Ventures Gold (TSX: T.MVG, Stock Forum) said the Jeffrey Randle Ward (its CEO) and Miriam Ramos Ward Revocable Trust announced the purchase Wednesday of 4,124,230 common shares of Metallic in a private transaction at a price of 26 cents a share. The purchased shares represent about 7.9% of the outstanding common shares of the company. The October 15 purchase by the acquiror brings the combined holdings of the acquiror and investments to 15,425,343 common shares, representing about 29.7% of the outstanding common stock of Metallic. Metallic Ventures shares climbed 39% to 32 cents.

Medicure (TSX: T.MPH, Stock Forum), after Tuesday's closing bell, said net revenue from the sale of AGGRASTAT for the first quarter of fiscal 2009 increased 58% over the net revenue for the previous quarter and by 144% compared to the same period in fiscal 2008. Net product revenue for the first quarter of fiscal 2009 was $1,171,000, compared with $479,000 for the same period last year. Medicure stock popped as much as 20% before ending the day unchanged at 2.5 cents.

Shares of Synergex Corporation (TSX: T.SYX, Stock Forum) jumped 10% to 11 cents after the provider of international logistics and distribution services announced a Canadian logistics and distribution deal with InComm, a company specializing in stored-value gift cards and prepaid products.

And, Delta Exploration (TSX: V.DEV, Stock Forum) Wednesday reported that Rockgate Capital (TSX: V.RGT, Stock Forum) intends to make an offer to acquire all of the outstanding shares of Delta. Delta's core asset is its ownership of 40% of the Falea uranium, silver, copper project in Mali, West Africa. This acquisition will consolidate the ownership of Falea 100% into Rockgate's hands. Delta shareholders will receive 0.45 of a Rockgate common share for every common share of Delta. Based on the closing prices of both companies on Tuesday, October 14, 2008, the transaction values each Delta share at 21.6 cents. Delta shares were halted on Wednesday but surged 100% to 19 cents on Tuesday.

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Sean Mason

Sean Mason is a Stockhouse market reporter and editor.

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