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Castillian Resources falls 7%: Canadian market movers

Elizabeth Walters Elizabeth Walters, Stockhouse
0 Comments| April 24, 2013

On Wednesday, the top TSX mover was Lake Shore Gold Corp. (TSX: T.LSG, Stock Forum). The stock lost 8.6% and was trading at $0.37 on volume of 15 million.

On April 22, the mine development company said its Annual Meeting would be held at the TMX Broadcast Centre in Toronto on May 15, 2013 at 8:30 a.m. EST.

Athabasca Oil Corp. (TSX: T.ATH, Stock Forum) was the second most active stock on the TSX. It slipped 0.7% and was trading at $6.89 on volume of 5.8 million shares.

On April 23, the oil focused development company said it would release its first quarter results on Tuesday, April 30, 2013.

Columbus Gold Corp. (TSX: V.CGT, Stock Forum) was the volume leader on the TSX Venture Exchange. It fell 5.7% and was trading at $0.25 on volume of 3.7 million.

On April 19, the development company announced that it had terminated the option agreement with Columbus Exploration Corp. (TSX: V.CLX, Stock Forum).

The agreement was subject to a number of conditions to be satisfied on or before June 30, 2013; Columbus Exploration had 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.

The second most active stock on the TSX Venture was Castillian Resources Corp. (TSX: V.CT, Stock Forum). It dropped 7% and was trading at $0.065 after 1.9 million shares changed hands.

On April 17, the mineral exploration junior appointed Justin Reid as Executive Chairman of the Board. Reid is a geologist and capital markets executive with over 20 years of experience focused exclusively in the mineral resource space.


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