Investor Alert

Aug. 24, 2011, 12:04 p.m. EDT

Canada hot stocks: Homburg, Mountain Province

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

or Cancel Already have a watchlist? Log In

By Dow Jones

Among the companies whose shares are making notable moves in Wednesday's session are Homburg Canada REIT and Mountain Province Diamonds Inc. .

Homburg Canada (C$11.48, -C$0.66, -5.4%) announced a C$63 million bought-deal financing, with the REIT planning to sell 2.5 million units at C$11.50 each and Homburg Invest Inc. (HII.A.T) selling 3 million units at the same price. The sale will cut Hombug Invest's stake in the REIT to about 16.4% from 23%.

Mountain Province (C$4.93, C$0.35, 7.6%) said it has ceased discussions with third parties that have expressed interest in the company and plans to focus on the permitting of the Gahcho Kue Project and arranging its share of financing for the first mine at the project.

This Story has 0 Comments
Be the first to comment
More News In

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.