Greenland Developer Surges 23% on Strategic Investment
Exercising a major equity option at more than double the market price sparked a sharp re-rating in industrial minerals today, highlighting how strategic partner commitment can anchor small-cap project valuations.AnorTech Inc. (TSXV: ANOR) (OTCQB: ANORF) climbed after Greenland Mines Ltd. (Nasdaq: GRML) exercised in full its option to acquire 25,168,669 additional AnorTech common shares at a deemed price of C$0.30 per share, more than double AnorTech's Friday close of C$0.13. On closing, Greenland Mines' ownership will double from about 9.9% to about 19.9%, or 45,127,172 shares. In ...