We are continuously seeing press releases and announcements from mineral companies across North America, and today is no different. A Vancouver-based micro cap just made a two-tiered headline as the company not only announced the appointment of Wayne Disdale as director and Chairman of the Board of Directors as well as a Private Placement. Shares of Cyon Exploration Ltd (OTCQB:CYNXF) rallied on the news.
Cyon is a mineral resource company. Principally, it is engaged in the acquisition, exploration, and development of mineral properties in North America. The company holds an interest in the Black Rock Canyon Property.
Traders viewed this announcement as a bullish event as shares quickly climbed up to $0.0731/share (+5.33%). This move was the first sign of life for this thinly traded micro cap in months
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