Klondex Mines Ltd. (T.KDX) hit a new 52-week high of $2.10; Klondex announced today that its Board of Directors is recommending that shareholders of reject the unsolicited takeover bid from Silvercorp Metals Inc. and not tender their shares to the Silvercorp Offer.
On June 15th, 2009, Silvercorp formally commenced an unsolicited offer to acquire all of the issued and outstanding common shares of Klondex on the basis of 0.50 of a Silvercorp common share for each Klondex common share. Based on yesterday's closing price of Silvercorp, the value of the Silvercorp Offer is equivalent to $2.12 per Klondex common share. The Silvercorp Offer will expire on July 21, 2009, unless withdrawn or extended.
Anglo Swiss Resources (V.ASW) hit a new 52-week high of 45 cents; Anglo Swiss announced assay results from its continuing NI 43-101 compliant underground sampling program on the lower Main Haulage 257 level at the Company's historic Kenville Gold Mine Property.
The results of the program include 10 of the 32 gold assays above 100 gm per tonne (2.92 oz/ton) with the highest value at 319.3 gm/tonne (9.31 oz/ton).
Biovail (T.BVF) hit a new 52-week high of $15.90; no major news announcements today
Enwave (V.ENW) hit a new 52-week high of 47 cents; no major news announcements today
Bayshore Petroleum (V. BSH) hit a new 52-week high of 12 cents; no major news announcements today
Route1 Inc. (V.ROI) hit a new 52-week high of eight cents; no major news announcements today
Global Key Investment (V.GKL) hit a new 52-week high of 50 cents; no major news announcements today
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