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canucklehead80

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canucklehead80

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Wednesday, 10/12/2011 5:16:39 PM

Wednesday, October 12, 2011 5:16:39 PM

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100% Confidence

Heatherdale’s Takeover Boosts Alaska’s Niblack

By Greg Klein

Prevailing market moods notwithstanding, a surge of optimism greeted the Heatherdale Resources Ltd TSXV:HTR bid to take over Niblack Mineral Development Inc TSXV:NIB. The October 5 joint announcement raised Niblack’s shares to a high of $0.23 before closing at $0.22, a 37% increase over the previous day’s closing price of $0.16. But—unusually for the acquisitive company Heatherdale did even better, closed at $0.54, 74% above the previous day.

Read and discuss the rest of this article: http://bit.ly/mZllpO
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