CanniMed Therapeutics Inc. (TSX-V:$CMED) has received a proposal from Aurora Cannabis Inc. (TSX-V:$ACB) to acquire all the shares of CanniMed at $24 a share, representing a 56.9% premium over the closing price of CanniMed shares on November 14. Aurora has requested that CanniMed’s board respond to the proposal prior to 5 p.m. PT on Friday, November 17.
Endeavour Silver Corp. (TSX-V:$EDR) has discovered potential bulk-tonnage silver mineralization from exploration drilling on the Parral property in Chihuahua state, Mexico. The company drilled 32 holes totaling 6,370 meters to test the Palmilla mine area. Drilling highlights include 11.1 m of 154 g/t silver, 0.36 g/t gold, 0.07% lead and 0.23% zinc.
Copper One Inc. (TSX-V:$CUO) has entered a settlement agreement with the Quebec government to end Copper One’s participation in the Riviere Dore project. Under the settlement, the company will assign the mining claims comprising the project to SOQUEM, and the Quebec government has agreed to pay the company $8-million in cash.
Genesis Metals Corp. (TSX-V:$GIS) has released results from the remaining holes from its phase 1 drilling at the Chevrier gold project in Quebec. Highlights include 1.94 g/t Au over 24.33 m and 2.00 g/t Au over 20 m.
Vanadiumcorp Resource Corp. (TSX-V:$VRB) has released an independent preliminary economic assessment for its Lac Dore vanadium project situated 30 kilometers southeast of Chibougamau, Quebec. The PEA shows an after-tax NPV of $814M, post-inflation but not discounted, and an after-tax IRR of 15.42%.
Pistol Bay Mining Inc. (TSX-V:$PST) is in discussions to create a subsidiary focused on blockchain applications for mining and resource company management. The company plans to build a suite of blockchain products to address the data management needs of mining and oil and gas companies.
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