Moto Goldmines (T.MGL) hit a new 52-week high of $5.00; Red Back Mining Inc. (TSX:RBI) and Moto today announced that they have entered into an arrangement agreement pursuant to which each outstanding common share of Moto will be exchanged for 0.45 of a common share of Red Back.Based on Friday's closing price of Red Back's common shares of C$10.45 per share, the transaction value is approximately C$513 million. This represents a premium to Moto shareholders of approximately 40% based on the 20-day volume-weighted average of both companies' common shares on the TSX.
AEterna Zentaris (T.AEZ) hit a new 52-week high of $3.49; AEterna Zentaris Inc. today announced that its partner, Keryx Biopharmaceuticals, presented positive Phase 2 data on the clinical activity of perifosine (KRX-0401), an Akt-inhibitor compound for cancer, as a treatment for advanced metastatic colon cancer and advanced renal cell carcinoma. Data was presented over the weekend at the American Society of Clinical Oncology (ASCO) Annual Meeting, currently being held at the Orange County Convention Center in Orlando, Florida.
MCAN Mortgage (T.MKP) hit a new 52-week high of $11.85; no major news announcements today
Paladin Labs Inc. (T.PCB) hit a new 52-week high of $20.50; no major news announcements today
Osisko Mining (T.OSK) hit a new 52-week high of $7.55; no major news announcements today
Rubicon Minerals (T.RMX) hit a new 52-week high of $2.85; no major news announcements today
Ventana Gold (T.VEN) hit a new 52-week high of $2.41; no major news announcements today
Cott Corporation (T.BCB) hit a new 52-week high of $6.75; no major news announcements today
Sandvine Corp. (T.SVC) hit a new 52-week high of $1.72; no major news announcements today
Olympus Pacific Minerals (T.OYM) hit a new 52-week high of 35 cents; no major news announcements today
