Investor Ideas Snapshot: TSX Top Traders: (ENB), (XIU), (K), (ABX)
New York, New York - April 5, 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 traders on the TSX for April 5th, 2013.
Enbridge Inc., (TSX:ENB) trading at $45.280 went down $-1.120 or -2.41% on a volume of 3,987,590 shares, making it today’s top trader on the TSX.
Yesterday Enbridge Inc. announced that it has entered into an agreement with RBC and TD Securities Inc. to sell 10,850,000 million treasury common shares, on a bought deal basis, at $46.11 per common share for distribution to the public. Closing of the offering is expected on or about April 16, 2013.
Enbridge has granted the Underwriters an option, exercisable at any time up to 48 hours prior to closing of the offering, to purchase up to an additional 2,170,000 million treasury common shares at $46.11 per common share
iShares S&P/ TSX 60 Index (TSX:XIU) trading at $17.660 dropped $-0.140 or -0.79% on a volume of 3,727,317 shares.
Kinross Gold Corp., (TSX:K) trading at $7.150 lowered by $-0.090 or -1.24% on a volume of 2,667,670 shares.
Kinross Gold Corporation announced today that it has subscribed for 3,571,428 units of Revolution Resources Corp. pursuant to a non-brokered private placement. Each unit is comprised of one common share and one-half of one share purchase warrant, where each whole warrant will entitle the holder to acquire one common share at a price of CAD$0.125 for a period of two years following the closing of the private placement. After giving effect to the private placement, Kinross will hold 9,571,429 common shares and 4,785,714 share purchase warrants of Revolution, constituting approximately 9.67% of Revolution's issued and outstanding common shares on a non-diluted basis, and 11.67% on a fully-diluted basis. The subscription price for the units is CAD$0.07 per unit for an aggregate purchase price of CAD$249,999.96.
Barrick Gold Corporation (TSX:ABX) trading at $26.910 went down $-0.450 or -1.64% on a volume of 2,453,634 shares.
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