Sparton Resources Inc. (“Sparton Resources”, “Sparton”, or the “Company”) is a mineral exploration and energy royalty company with diverse projects located in North America, Mexico, and China. INVESTMENT HIGHLIGHTS Sparton Resources strives to bring its projects into feasibility or production stages, or sell them to create shareholder value. The…
BUY – 12-Month Target Lowered to $28.00 Sun Life Financial (SLF) reported a (fd) Q3/11 EPS operating loss of $0.99 versus an adjusted operating EPS of $0.71 per share in the same quarter last year. Underlying operating EPS, excluding a portion of the Items of Note listed below, was in…
Nemaska Exploration Inc. has entered into an agreement with a syndicate of agents for a private placement of 21,875,000 common shares of the Company at $0.40 per common share, for aggregate gross proceeds of $8,750,000. The offering, being conducted on a best-efforts basis, is expected to close on or about…
BUY – 12-Month Target Lowered to $16.50 Manulife Financial (MFC) reported a net loss of $0.73 per share in Q3/11 (excluding convertible instruments) versus net profit of $0.26 per share last quarter and a loss in the same period last year of $1.28. The quarter was worse than we expected…
Industrial Alliance Insurance (IAG) reported net income for Q3/11 of $0.52 per share, down 29% Y/Y. Adjusted to exclude the dilutive impact of the conversion of the Innovative Tier 1 debt instruments into common equity, EPS was $0.53 and was $0.26 below our forecast and $0.23 below consensus. The quarter…
Antioquia Gold Inc. announced that mineralized structures continue to be extended along strike and at depth at the Guayabito prospect at the Company’s Cisneros project in the Department of Antioquia in Colombia. The Company also announced a new discovery at depth in drill hole GYB11-060 at Guayabito (6.83 g/t Au…
Strike Minerals Inc. announced that it has signed certain term sheets with Waterton Global Value, L.P. for the provision to Strike of up to $3,850,000 of financing, comprising: -$3,500,000 of Gold Stream Debt Financing; and -$350,000 of Equity Financing. In connection with the Gold Stream Debt Financing, Strike will be…
Shoal Point Energy Ltd. (Shoal Point” or the “Company”) is a petroleum exploration and development company with its head office in Toronto, Ontario, Canada. The Company was formed in December 2006 to pursue oil and gas exploration opportunities within Atlantic Canada.The shares are quoted on the CNSX Exchange. CORPORATE…
Canadian Orebodies Inc. (“Canadian Orebodies”, “Orebodies” or the “Company”) is a junior natural resource exploration and development company with a number of mineral properties located in Canada. INVESTMENT HIGHLIGHTS Canadian Orebodies in 2011 entered into an option agreement to acquire the promising Haig Inlet Iron Ore property in Nunavut…
Black Iron Inc. has published results of the preliminary economic assessment (PEA), on the Shymanivske iron ore project in Kryviy, Ukraine. The PEA was prepared in accordance with the guidelines of NI 43- 101. The final PEA Technical Report, which will include the current mineral resource estimate, will be filed…
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