Earth Life Sciences Inc (OTCMKTS:CLTS) is all set to garner interest from traders and investors after the company announced the acquisition of more mining assets, a move that the management says strengthens the company’s portfolio of quality projects.
In the latest case, Earth has acquired 100% of the assets of White Channel, which is based inBritish Columbia, Canada. Additionally, the company has taken over 100% of Gold Buck, which is located about 35 miles east of Williams Lake in British Columbia.According to Earth’s CEO, the two projects they have acquired are located in what they consider as highly favorable jurisdictions. For example, the jurisdictions have already showed great promise and value for the company.
The projects: The WhiteChannel Project is predominantly Silica-Gold while the Gold Buck Project is primarily Copper-Gold.Earth Life Sciences Inc (OTCMKTS:CLTS) says that assessment of Gold Buck Project has shown strong mineralization of Gold, Copper and Silver of an area spanning several square kilometers. Among the exciting things about Gold Buck is that it lies in an area that Earth says has modern and well-developed infrastructure. Additionally, Earth says that it believes that value of Gold Buck project will appreciate in the next wave of commodity price cycle.As for the White Channel project, Earth Life Sciences Inc (OTCMKTS:CLTS) is hoping to kick off large scale production in the summer of 2016.
Other important stocks in focus include Odyssey Marine Exploration Inc (NASDAQ:OMEX), TOP SHIPS Inc (NASDAQ:TOPS) and PhotoMedex Inc (NASDAQ:PHMD)
Odyssey Marine Exploration Inc (NASDAQ:OMEX)’s reverse stock split takes effect with a bang
Odyssey Marine Exploration Inc (NASDAQ:OMEX)’s recently reorganized shares started trading on a positive note, gaining nearly 22% in the last session. The company performed a 1-for-12 reverse stock split in which holders received a single share of higher value for every 12 shares they held.
Before the restructuring, Odyssey Marine Exploration Inc (NASDAQ:OMEX)’s shares were trading below $1 apiece.
TOP SHIPS Inc (NASDAQ:TOPS) completes 1-for-10 reverse stock split
TOP SHIPS Inc (NASDAQ:TOPS) also started trading under its new share structure on a positive note, gaining more than 7%. The company performed a 1-for-10 reverse stock split that saw the number of its outstanding shares decline to 3.4 million from 34.3 million.
PhotoMedex Inc (NASDAQ:PHMD) to unlock $48 million from unit sale
PhotoMedex Inc (NASDAQ:PHMD) has entered into an agreement to sell its consumer products business unit to DS Healthcare Group for $48 million. The transaction comprises of stock and debt. Shareholders of PhotoMedex Inc (NASDAQ:PHMD) will own 43% of the combined company while DS Healthcare shareholders will own 57% of the combined company after the deal is closed in 2Q2016.
