Last week, a number of junior resource companies on the Toronto Venture Stock Exchange experienced gains in share prices. Below are the five with the greatest increases.
Highbank Resources (TSXV:HBK)
Highbank Resources climbed by 43.48 percent to reach a value of $0.33 per share. The Canadian aggregate exploration and development company that holds a 72 million ton measured and indicated construction aggregate deposit in northwestern British Columbia. Highbank began site development at the Swamp Point North project at the end of June. Last week, however, the company closed the second tranche, $1.3 million of its total $4 million convertible debenture. The company closed the first part of the placement on April 15, 2014.
Stakeholder Gold (TSXV:SRC)
Stakeholder Gold increased its share price by 42.11 percent to reach a value of $0.27 per share. The firm is a junior mineral exploration company developing the Bass River, Iron-oxide-Copper-Gold project in Nova Scotia. Stakeholder closed a non-brokered private placement totaling $723,698. The private placement consists of $469,500 of flow-through financing and $254,198 of hard dollar financing for total proceeds of $723,698.
Latin American Minerals (TSXV:LAT)
Paraguay-focused Latin American Minerals, was up by 35.71 percent to $0.19. Last week the company received $1 million in financing from Pinetree Capital by issuing shares to the company valued at $0.50 per share for a total of 2 million shares. The shares are subject to a four month holding period.
Legend Gold Corp (TSXV:LGN)
Last week, Legend Gold Corp saw an increase of 31.11 percent to reach $0.30 per share. The mineral exploration and development company is focused on gold exploration in the Republic of Mali, West Africa. It’s principal projects include the Diba, Lakanfla, Mougnina, and Tabakorole projects. The company recent performed infill oxide drilling at 35 meters to find 1.22 grams per ton of gold at its mine in Tabakorole, Mali.
Greater Quest Fertilizer (TSXV:GQ)
Greater Quest Fertilizer was up by 29.29 percent to reach $1.81 per share. The company’s phosphate Tilemsi property in Mali comprises 1,206 square kilometers. The project has three concessions, which are Tilemsi, Tarkint Est and Aderfoul. The company recently held a seminar to demonstrate its phosphate fertilizer product. The seminar served as a product introduction to the country’s leading agronomists and fertilizer purchasing agencies and to discuss the results of the product trials and the merits of the GQ’s beneficiated and granulated direct application phosphate fertilizer.