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Microcap Report: Belo Sun Mining (V.BSX) sees light of day with license validation

Stockhouse Editorial
0 Comments| August 1, 2014

Belo Sun Mining (TSX:V.BSX, Stock Forum) celebrated today when the company received the Federal Court of Appeal in Brasilia’s decision that stated its preliminary license for the Volta Grande project, located in 60 kilometres southwest of Altamira in the northern region of Para State, Brazil, is fully valid and in force.
According to the news release, this decision overturns the resolution made by Federal Judge at the First Level in Altamira that was announced in the company’s press release dated June 26, 2014. Shares were up 9.30% on the news to $0.235 per share.

Select Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern)
El Tigre Silver Corp. (V.ELS, Stock Forum) 36.84%
HRT Participacoes em Petroleo S.A. (V.HRP, Stock Forum) 26.00%
Antrim Energy Inc. (V.AEN, Stock Forum) 21.05%
Alabama Graphite Corp. (V.ALP, Stock Forum) 16.67%
Lynden Energy Corp. (V.LVL, Stock Forum) 15.91%
Select Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern)
Crailar Technologies Inc. (V.CL, Stock Forum) -29.17%
Clarke Inc. (T.CKI, Stock Forum) -6.09%
Horizons BetaPro S&P 500 VIX Short-Term Futures Inverse ETF (T.HVI, Stock Forum) -4.93%
Cascades Inc. (T.CAS, Stock Forum) -4.50%
DeeThree Exploration Ltd. (T.DTX, Stock Forum) -4.28%

Tags: GOLD

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