TSX Morning Movers: (CMK), (NPC), (IDL), (XBC)
Visit: Cline Mining Corp.,
New York, New York - January 24, 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 TSX for January 24th, 2013.
Cline Mining Corp., (TSX:CMK) trading at $0.150 rose by $0.060 or 66.67% on a high volume of 8,267,598 shares, making it today's top percentage gainer.
Cline Mining Corporation announced earlier that it has retained GMP Securities L.P. ("GMP") as its exclusive financial advisor. GMP's mandate includes assisting the Company in exploring and evaluating strategic alternatives to the recapitalization plan with Marret Asset Management Inc. previously described in the Company's press release dated December 27, 2012. Under the terms of an agreement with Marret, on behalf of certain bondholders of the Company, the Marret Plan will be implemented unless, by February 28, 2013 , Cline has received a non-binding letter of intent for a transaction that meets specified criteria and, among other things, such transaction closes by April 30 , 2013. With the assistance of GMP, the Company is in the process of soliciting proposals for possible alternative transactions with a view to maximizing value for the Company and its stakeholders.
Allon Therapeutics Inc., (TSX:NPC) trading at $0.015 gained $0.005 or 50.00% on a volume of 5,000 shares.
Imaging Dynamics Co. Ltd., (TSX:IDL) trading at $0.015 moved up $0.005 or 50.00% on a volume of 59,000 shares.
Xebec Absorption Inc., (TSX:XBC) trading at $0.245 gained $0.045 or 22.50% on a light volume of 3,217 shares.
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