Market Movers: Leagold Mining to Make Offer for Brio Gold

    Author Jackson ChenPosted on Categories Market MoversTags , , , , , , , , , , , , , , , , , , , , , , ,

    Leagold Mining Corp. (TSX:LMC) intends to make an offer to acquire all the shares of Brio Gold Inc. (TSX:BRIO) at $2.80 each on or before February 28. This offer represents a 57% premium over Brio Gold’s current share price.

    Power Americas Minerals Corp. (TSX-V:PAM) has begun drilling at its Kittson-Cobalt project located in the Cobalt silver camp of Northeastern Ontario. The company plans to drill a total of 18 holes for 2,000 meters.

    Breaking Data Corp. (TSX-V:BKD) has closed a financing with Global Blockchain Technologies Corp. (CSE:BLOC), issuing one million shares to Global Blockchain for proceeds of $3 million.

    Mogo Finance Technology Inc. (TSX:MOGO) has formed a new blockchain subsidiary and plans to start bitcoin mining operations. Mogo intends to lease 1,000 bitcoin mining machines from a Vancouver-based company, which will be operational later this quarter.

    Standard Lithium Ltd. (TSX-V:SLL) has arranged a $20 million bought deal financing of 9.53 million units at $2.10 each. The company will use the proceeds for project exploration and working capital.

    Osisko Metals Inc. (TSX-V:OM) has closed its acquisition of the Key Anacon claims, consisting of 45 mineral claim units located within the Bathurst mining camp of New Brunswick, from Hunter Brook Holdings Ltd.

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    Author Jackson Chen
    About the author: In addition to writing financial content and analysis, Jackson has worked as a business journalist at Stockwatch and research analyst at various organizations. He obtained his MA Economics from Concordia University in Montreal and BA Economics from the University of British Columbia, with special emphasis on environmental and industrial economics.