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Microcap Report: Corsa Coal (V.CSO) Petroamerica Oil (V.PTA) active

Stockhouse Editorial
0 Comments| July 16, 2014


Shares of Corsa Coal Corp. (TSX: V.CSO, Stock Forum) jumped 56% to 21 cents Wednesday after trading in the stock resumed.

The move follows a trading halt imposed by the TSX Venture Exchange pending confirmation of certain information in connection with the company’s announcement on July 15, 2014 that it has struck a deal with Lybica Holding B.V., a unit of Moscow, Russia-based steel giant OAO Severstal, among others, to acquire all of the issued and outstanding shares of Lybica’s wholly-owned subsidiary PBS Coals Ltd. for US$60 million cash.

Petroamerica Oil Corp. (TSX: V.PTA, Stock Forum) was up 1.5% to 34.5 cents in active trading after the company said Tuesday that a previously announced plan of arrangement that will see Petroamerica merging with Suroco Energy Inc. (TSX: V.SRN, Stock Forum).

Effective immediately, trading in Suroco shares has ceased, the companies said in a release.

Select Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern)
Corsa Coal Corp. (V.CSO, Stock Forum) 55.56%
Legend Power Systems Inc. (V.LPS, Stock Forum) 14.94%
Pine Cliff Energy Ltd (V.PNE, Stock Forum) 8.96%
Denison Mines Corp. (T.DML, Stock Forum) 7.63%
Just Energy Group Inc. (T.JE, Stock Forum) 6.46%
Select Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern)
RB Energy Inc. (T.RBI, Stock Forum) -8.33%
Americas Petrogas Inc. (V.BOE, Stock Forum) -7.89%
Merus Labs International Inc. (T.MSL, Stock Forum) -4.33%
Madalena Energy Inc. (V.MVN, Stock Forum) -4.17%
Ballard Power Systems Inc. (T.BLD, Stock Forum) -3.47%


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