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Oil and gas junior up 24% on acquisition

Elizabeth Walters Elizabeth Walters, Stockhouse
0 Comments| April 19, 2013


Stockhouse Canadian Small and Micro-cap Stock Report for Friday, April 19, 2013  VANCOUVER (SHfn) –  

Quattro Exploration and Production Ltd. (TSX: V.QXP, Stock Forum) soared 23.8% to 13 cents on Friday after the oil and natural gas junior announced that it has entered into an arms-length agreement with a private Alberta-based oil and gas exploration and production company to acquire oil and gas interests in Alberta. The acquisition is comprised of a 100% interest in a package of gas producing properties, currently producing an aggregate 39 barrels of oil per day (of which 4% is natural gas liquids), and additional associated undeveloped lands in east central Alberta. The effective date of the purchase is Feb. 1, 2013, with the purchase price being a combination of $200,000 cash and 1,500,000 Class A common shares at a deemed issue price of $0.25 per share.

Columbus Gold Corp. (TSX: V.CGT, Stock Forum) climbed 13.3% to 26.2 cents after the gold development company said it had terminated the option agreement with Columbus Exploration Corp. (TSX: V.CLX, Stock Forum) previously announced on Dec. 14, 2012. The agreement was subject to a number of conditions to be satisfied on or before June 30, 2013; Columbus Exploration has informed Columbus Gold that it is unlikely to complete these conditions in a timely fashion and the two companies have accordingly decided to terminate the agreement.

Century Iron Mines Corp. (TSX: T.FER, Stock Forum) was up 3.4% to 0.455 cents after the exploration and development company said it has filed a NI 43-101 technical report on SEDAR for its Joyce Lake DSO project. The Joyce Lake DSO project is part of Century's Attikamagen project. The Attikamagen project consists of 1,022 claims straddling the boundary between the Provinces of Québec and Newfoundland and Labrador.

Select Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern)
Novadaq Technologies Inc. (T.NDQ, Stock Forum) 24.38%
Bioniche Life Sciences Inc. (T.BNC, Stock Forum) 12.77%
Perseus Mining Limited (T.PRU, Stock Forum) 12.31%
Banro Corporation (T.BAA, Stock Forum) 11.43%
Rubicon Minerals Corporation (T.RMX, Stock Forum) 9.03%
Select Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern)
Crailar Technologies Inc. (V.CL, Stock Forum) -19.64%
Coalspur Mines Limited (T.CPT, Stock Forum) -11.63%
Pinecrest Energy Inc. (V.PRY, Stock Forum) -5.77%
Total Energy Services Inc. (T.TOT, Stock Forum) -4.68%
Centerra Gold Inc. (T.CG, Stock Forum) -4.45%

Tags: INDUSTRIAL METALS & MINERALS OIL & GAS E&P CREDIT SERVICES STOCKS

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