Terrace Ventures Inc. (TVER) shares spike on Nevada property purchase
Posted on: April 28th, 2011Written by:
Terrace Ventures Inc. (OTCBB: TVER) galloped ahead in price 66.7% to seven cents Thursday, a day after agreeing to purchase up to 75% interest in the Golden Snow Property in Eureka County, Nevada from Pengram Corporation. Volume in the stock was nearly 22,000 shares, more than ten times a normal daily average.
Under the terms of the Earn-In Agreement, the Company will earn up to a 75% interest in the Underlying Agreement by paying to Pengram up to $175,000 and expending up to $1,750,000 to do exploration work on the Golden Snow Property, located in Eureka County, Nevada and is situated near several existing gold mines.
Eight miles north of the Golden Snow Project is the East Archimedes Gold Mine where Barrick Gold Corporation is currently mining a Carlin-type sediment hosted gold deposit (677,000 ounces mined, 1.1 million ounces resource/reserve).
Management from Terrace did not offer comment on the purchase. Terrace Ventures Inc. is headquartered out of Blaine, Washington.
TVER a terror, CBIS deals, FSWA drops
Posted on: February 23rd, 2011Written by:
Terrace Ventures Inc. (OTCBB: TVER) saw its share prices zoom 809.1% to 13 cents. Share volume was 36,440, compared with a typical daily average of 7,277.
Cannabis Science Inc. (OTCBB: CBIS) traded in 57.9 million shares Wednesday, compared to its normal share average of less than one million. Prices for CBIS climbed 76.5% to 12 cents, after announcing encouraging tests on cancer patients being treated by one of its distributors.
First Sound Bank (OTCBB: FSWA) saw its shares drop in price 70.4% to eight cents, on share volume of 45,510, compared to a daily average of just over 10,000. The Seattle-based FSWA is a locally-owned commercial bank offering a full range of financial services.
