Microcap Report: Resverlogix (T.RVX), Virtutone Networks (V.VFX) active

Stockhouse Editorial
1 Comment| July 4, 2014

Resverlogix (TSX:RVX, Stock Forum) jumped 12% to 84 cents Friday after the company said it has entered into an amended and restated loan agreement with Citibank for an additional $30.0 million bringing the total to $68.8 million.ss

According to the news release, the loan will mature on August 28, 2014 and may be paid in full or in part without penalty with interest being paid annually in arrears at a rate equal to the per annum Canadian one-year LIBOR swap rate plus 3.14%, to be reset annually.

Virtutone Networks (TSX:V.VFX, Stock Forum) shares rose 10% to 33 cents after the company released its latest revenue numbers.

According to the news release, the company generated over $14.3 million in revenue for the month of June in the face of exterior economic forces.

Select Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern)
Levon Resources Ltd. (V.LVN, Stock Forum) 37.31%
Orbite Aluminae Inc. (T.ORT, Stock Forum) 13.21%
Zenyatta Ventures Ltd. (V.ZEN, Stock Forum) 10.29%
Cascades Inc. (T.CAS, Stock Forum) 5.95%
Lake Shore Gold Corp. (T.LSG, Stock Forum) 3.77%
Select Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern)
ProMetic Life Sciences Inc. (T.PLI, Stock Forum) -6.54%
Canexus Corporation (T.CUS, Stock Forum) -1.28%

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Please make the necessary correction in your reporting, as follows: The closing of the Amendment will be subject to, among other things, customary closing conditions for a transaction of this nature and shareholder approval of the majority of the votes cast by the shareholders of Resverlogix, excluding Eastern, at a special meeting of the shareholders of Resverlogix to be held on August 13, 2014 (the "Meeting"). A management information circular containing a complete description...
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July 5, 2014
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