OTCBB Top Percentage Gainers; (SKAXE), (CLGL), (WORX), (SWCAW)
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Point Roberts, WA - February 1, 2013 (www.investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors reports on the top percentage gainers on the OTCBB for February 1st, 2013.
Strike Axe Inc., (OTCBB:SKAXE) trading at $1.00 rose by $0.45 or 81.82% on a volume of 1,000 shares.
California Gold Corp., (OTCBB:CLGL) trading at $0.014 gained $ 0.006 or 75.00% on a volume of 35,000 shares.
Worlds Online inc., (OTCBB:WORX) trading at $0.065 moved up $0.022 or 51.16% on a light volume of 200 shares.
Selway Capital Acquisition Corporation (OTCBB:SWCAW) trading at $0.75 gained $0.25 or 50.00% on a volume of 107,550 shares.
Selway Capital Acquisition Corporation announced earlier yesterday that it has signed a definitive agreement to enter into a business combination with Healthcare Corporation of America, Inc. (HCCA), which is one of the fastest growing PBM’s in the market. Upon closing, Selway will change its name to Healthcare Corporation of America.
Management expects the closing to occur by mid-March 2013, subject to the satisfaction of closing conditions specified in more detail in the Current Report on Form 8-K to be filed by Selway.
Selway does not require shareholder approval to close the transaction. The combined company plans to conduct a post-closing tender offer so its public shareholders have the opportunity to convert their shares and participate in the transaction. The combined company will file the necessary documents with the Securities and Exchange Commission within thirty days after the closing of the business combination.
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