On Monday, Matamec Explorations (TSX: V.MAT, Stock Forum) shares climbed as much as 15% to 47.5 cents on volume of more than 2.7 million shares after the micro cap miner reported results of the Preliminary Economic Assessment (PEA) study at its Kipawa HREE (Heavy Rare Earth Elements) Project in Quebec, which included a $606 million before-tax value (NPV 8%) and a 36.9% before-tax Internal Rate of Return. The study also forecasts average annual production of 5,072 tonnes of mixed TREO (Total Rare Earth Oxide) concentrate.
As well, shares of RuggedCom (TSX: T.RCM, Stock Forum) shot up 25% to $32.85 on more than 6.2 million shares traded as the provider of rugged communications networking solutions designed for harsh environments announced that it has entered into an agreement pursuant to which Siemens Canada Limited has agreed to make an offer to purchase all outstanding common shares of RuggedCom by way of take-over bid at a price of $33.00 per share in cash, or a total consideration of approximately $440 million.
In Tuesday trading, Explor Resources (TSX: V.EXS, Stock Forum) shares jumped as much as 23% to 49 cents on volume of more than 1.9 million shares after the micro cap explorer reported the results of nine drill holes on the Timmins Porcupine West property in northern Ontario, which included 14.8 grams per tonne (g/t) gold over 7.8 meters.
Also, shares of Jite Technologies (TSX: V.JTI, Stock Forum) moved up 90% to 57 cents as the manufacturer of electronic and electrical connection devices said McVicar Industries (TSX: V.MCV, Stock Forum) has agreed to acquire all outstanding common shares of Jite that it doesn’t already own and up to an additional 1,186,000 shares issuable upon exercise of existing options for a cash price of 60 cents per share, or a total consideration of approximately $5.4 million.
Wednesday’s market action saw shares of Majescor Resources (TSX: V.MJX, Stock Forum) surge 17% to 28 cents on volume of more than 3.9 million shares after the micro cap miner, its 100%- owned affiliate company SIMACT Alliance Copper-Gold Inc. and their Haitian partner SOMINE SA reported the final assay and over-limit check results for the supergene oxide and oxide/sulphide transition zones for the first five holes completed on its SOMINE porphyry copper-gold and epithermal vein gold-silver project in Haiti, which included 255 grams per tonne (g/t) silver over 13.5 metres.
In addition, shares of CardioComm Solutions (TSX: V.EKG, Stock Forum) gained 11% to 36.5 cents on more than 10.3 million shares traded as the company and TZ Medical, Inc. (TZM) announced they have entered into a device integration and distribution agreement for the Mobile Cardiac Telemetry (MCT) electrocardiographic (ECG) and arrhythmia management market. Under this agreement, CardioComm Solutions will integrate TZM's new Aera CT MCT monitor into their proprietary GEMS software.
On Thursday, Gold-Ore Resources (TSX: T.GOZ, Stock Forum) shares powered 25% higher to 94 cents on volume of more than 9.2 million shares after the micro cap miner reported that Elgin Mining (TSX: V.ELG, Stock Forum) will acquire all of the issued shares of Gold-Ore by way of a plan of arrangement. Gold-Ore shareholders are entitled to receive one Elgin Mining common share and one half of one common share purchase warrant of Elgin Mining exercisable at a strike price of $1.30 per Elgin Mining share with a two-year term, which values Gold-Ore at $1.22 per common share.
As well, shares of SemBioSys Genetics (TSX: T.SBS, Stock Forum) rose 120% to 11 cents on more than 8.5 million shares traded as the health and wellness company announced that its product and platform development collaboration agreement with Tasly Pharmaceutical Co., Ltd. of China have received all necessary Chinese approvals and the business license for the newly-formed company based in China, Tasly-SemBioSys Bio-Pharmaceutical, Technology Co., Ltd., to commercialize near, medium and long-term healthy living, nutritional, and pharmaceutical products utilizing Tasly and SemBioSys' plant-based technology.
And, in Friday trading, Iona Energy (TSX: V.INA, Stock Forum) shares climbed 13% to 52 cents on volume of more than 4.5 million shares after the oil and gas producer/explorer reported that its UK Subsidiary, Iona Energy Company (UK) Limited, has signed a binding sale and purchase agreement to be completed by March 31, 2012, for the acquisition from Centrica Venture Production Company (VPC) of a 58.73% interest in Block 13/21a containing the West Wick Oil Field in the United Kingdom's North Sea. Iona paid to Centrica a holding deposit of US$3.15 million, and on completion will pay to VPC a sum of US$5 million.
Finally, shares of Magma Metals (TSX: T.MMW, Stock Forum) added 77% at 15 cents on more than 2.8 million shares traded as the junior miner noted that Panoramic Resources announced its intention to make an unsolicited conditional offer to acquire all of the Magma shares it does not currently own. The proposed offer consideration is two Panoramic shares for every 17 Magma shares held, which according to Panoramic's announcement implies a value of 14.94 Australian cents per Magma share.
