Mississauga, ON -- (SBWIRE) -- 12/03/2013 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled “Calico Resources Shares Surge on Sale of Grassy Mountain Gold Project.”
Companies mentioned in this article include Calico Resources Corp. (TSX-Venture:CKB) and Seabridge Gold Inc. (TSX:SEA).
Article Excerpt:
The volatility of gold and silver prices in 2013 has slowed merger and acquisition activity, as many majors seem more focused on cost-cutting actions to try and fence in some profits. Big-ticket acquisitions, which require a lot of capital expenditures, have especially been limited this year as companies lick their wounds from paying premium prices when precious metals were soaring in recent years. That leaves companies searching for projects that have significant proven reserves that are owned by other miners looking to divest some assets in favor of working capital and royalties.
In a three-way deal announced on Tuesday, Calico Resources Corp. (TSX-Venture:CKB) and Seabridge Gold Inc. (TSX:SEA) agreed to terms with privately-held RockStar Resources, Inc. regarding the Grassy Mountain Gold project in Oregon. Calico Gold is selling the project to RockStar via the sale of all the shares of Calico Resources USA Corp., it’s wholly-owned subsidiary, for $30 million and 1-percent net smelter returns royalty. The Grassy Mountain Gold project is the only property of Calico.
The full version of this article can be found at:
http://www.allpennystocks.com/aps_ca/special-reports/390/calico-resources-shares-surge-on-sale-of-grassy-mountain-gold-project.htm
About AllPennyStocks.com:
AllPennyStocks.com is focused on the small-cap / penny stock market and has become a reputable name in the investment community. AllPennyStocks.com runs a Canadian and US site to provide investors in Canada as well as the United States with informative and unique content and information. AllPennyStocks.com runs daily technical penny stocks to watch, has a daily market write-up, provides company spotlights, runs unique most active pages strictly for penny stocks trading on the TSX, TSX Venture, NASDAQ and OTC BB, and much more information for the average investor.
AllPennyStocks.com also runs an email newsletter that aims to uncover stocks that are still under the radar of most investors. Criteria AllPennyStocks.com looks for includes strong revenues, a seasoned management, innovative business plans, among many others. AllPennyStocks.com also looks for companies that announce breaking news, recent 52-week highs/lows, technical breakouts, and other favorable corporate information.
Investors are encouraged to subscribe to the AllPennyStocks.com FREE e-mail newsletter and see what tens of thousands of other investors have already been receiving since 1999. Investors can receive their free newsletter subscription by clicking here: http://www.allpennystocks.com/aps_common/newsletter_free.asp.
Contact:
AllPennyStocks.com Media, Inc.
Peter Szafranski -- President
Phone: (905) 361-5680
E-Mail: peter@allpennystocks.com
Websites: http://www.allpennystocks.com / http://www.bullishinvestor.com
Note: AllPennyStocks.com has not received compensation for carrying the above-mentioned company; a full disclaimer can be viewed here: http://www.allpennystocks.com/aps_common/disclaimer.asp.