Extorre Gold Mines Limited (NYSE Amex: XG) reached up 53.76% in morning trading to $4.09 with 6M shares traded. Extorre is a junior mining company with exploration and development stage precious metals projects in Argentina, the most advanced of which is its Cerro Moro project in the province of Santa Cruz. Extorre Gold Mines Limited announced today that it has entered into a definitive agreement (the "Agreement") with Yamana Gold Inc. pursuant to which Yamana will acquire all of the issued and outstanding common shares of Extorre ("Extorre Shares") by way of a statutory plan of arrangement (the "Arrangement") under the Canada Business Corporations Act.
AGR Tools Inc (PINK:AGRT) reached up 31.19% in morning trading to $.2099 with 1.5M shares traded. AGR Tools/ AGR Energy Holding's mission is to deliver a competitive and sustainable rate of return to shareholders by developing, acquiring and exploring for oil and gas resources vital to the world's health and welfare. AGR Energy Holding's strategic goal is to expand their reserve base and increase their cash flow through investment in and management of exploration, acquisition and exploitation of new and existing oil and gas assets. AGR Tools Inc (AGRT) today informed Shareholders that due diligence is underway on the previously announced acquisition of the Paul Lease in Overton County, TN. To that end, in conjunction with CEO Vern Wilson visiting the site and meeting with a local geologist, a title opinion will be commissioned on Thursday, June 21, 2012. A review of the drilling program will also be conducted with all necessary parties.
Synthesis Energy Systems, Inc. (Nasdaq: SYMX) reached up 11.50% in morning trading to $1.26 with 100K shares traded. Synthesis Energy Systems, Inc. ES provides technology, equipment and engineering services for the conversion of low rank, low cost coal and biomass feedstocks into energy and chemical products. Its strategy is to create value through providing technology and equipment in regions where low rank coals and biomass feedstocks can be profitably converted into high value products through its proprietary U-GAS® fluidized bed gasification technology, which SES licenses from the Gas Technology Institute. Synthesis Energy Systems, Inc. (SYMX) ("SES") today announced that it has signed agreements with Hongye International Investment Group Co., Ltd. ("Hongye") and Shanghai Zhongmo Investment Management Co., Ltd. ("Zhongmo") for a total investment of approximately US$15.5 million in newly issued shares of SES common stock to support the Company's SES China business.
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