Market Movers: Leagold Mining to Make Offer for Brio Gold
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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