TSX VENTURE EXCHANGE -June 21-25

The TSX Venture Exchange slipped nearly 2% over the June 21-25 trading period, down 29.46 points, to close at 1,458.72.

KWG Resources and Spider Resources were the most actively traded stocks over the period with 9.3 million shares and 8.1 million shares traded, respectively. KWG shares were up 1¢ to 12¢ apiece while Spider shares remained flat at 16¢.

KWG has found itself in a bidding war with Cliffs Natural Resources. Cliffs originally made separate offers of 13¢ a share for KWG and Spider in a bid to gain control of the Big Daddy chromite deposit in the McFaulds Lake area of northwestern Ontario. KWG and Spider, which together hold 53% of the project, then announced a merger to keep control of the project. But subsequently Cliffs increased its offer for Spider to 16.5¢ a share. KWG matched that and at presstime, Cliffs had upped its offer for Spider to 19¢, leaving KWG with five days to match it.

Clifton Star Resources was the biggest loser by value over the period, dropping 51¢ to $4 apiece after failing to impress investors with drill results at its Duparquet gold project in the Abitibi region of Quebec. The company and its joint-venture partner Osisko Mining released results from 22 drill holes from the Beattie, Donchester and Duquesne properties. Highlights include 27.5 metres grading 4.19 grams gold per tonne and 58 metres of 1.12 grams gold. Osisko is the operator after agreeing last November to spend more than $109 million on exploration over four years.

Titanium Corp., a company that aims to process waste material in Canada’s oilsands into valuable products, was the top gainer by value, rising 30¢ to $1.56 per share on no news. Titanium was followed by Bralorne Gold with no news and Golden Hope Mines, up 17¢ to 70¢, with news of drill results intersecting quartz-bearing structures with some visible gold at its Beland anomaly near the Bellechasse-Timmins deposit in southeastern Quebec.

Copper-cobalt explorer El Nino Ventures shares rose 1¢ to 5¢ apiece after having some positive news in the Democratic Republic of the Congo (DRC). The Tribunal of Commerce of Lubumbashi dismissed litigation, ruling that the claims should be tried in British Columbia, not the DRC. The company has filed an $850,000-counter action against Georges Kavvadias and GCP Group for breach of agreement for a joint-venture agreement.

And finally, Fortress Minerals shares fell 1¢ to 14¢ following news that Russian gold and silver producer JSC Polymetal trumped an earlier offer by MacRitchie Metals for a 100% stake in Fortress’s Svetloye gold project in Russia’s Far East. JSC will pay US$9.25 million in cash. Fortress, accepted the superior bid and will pay MacRitchie a break fee of US$250,000.[

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TSX-V most active issues
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Bonaventure En	BVT	12256	0.01	0.01	0.01	0.00
Northern Star	NSM	11936	0.10	0.06	0.09	+ 0.01
Golden Hope	GNH	11667	0.73	0.55	0.70	+ 0.17
KWG Res	KWG	9331	0.13	0.12	0.12	+ 0.01
Gold Bulln Dev	GBB	8948	0.71	0.53	0.70	+ 0.13
Excel Gold Mng	EGM	8529	0.15	0.09	0.12	+ 0.03
Spider Res	SPQ	8152	0.17	0.16	0.16	0.00
Medoro Res	MRS	7213	0.83	0.70	0.71	-0.07
Fire River Gol	FAU	6804	0.69	0.54	0.66	+ 0.06
Sparton Res	SRI	5144	0.14	0.09	0.12	+ 0.01

TSX-V greatest percentage change
		VOLUME		WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Spruce Ridge R	SHL	68	0.17	0.17	0.17	+ 70.0
GoldQuest Mng	GQC	456	0.14	0.09	0.14	+ 55.5
Searchgold Res	RSG	657	0.03	0.01	0.03	+ 50.0
Silver Lake Rs	SKZ	27	0.15	0.14	0.15	+ 50.0
Santa Fe Metls	SFM	29	0.12	0.09	0.09	+ 50.0
Foran Mng	FOM	1155	0.12	0.09	0.11	+ 37.5
Falkirk Res	FLK	58	0.12	0.12	0.12	+ 33.3
Radisson Mng	RDS	134	0.13	0.10	0.12	+ 33.3
Los Andes Copp	LA	1559	0.12	0.09	0.12	+ 33.3
Aurion Res	AU	31	0.28	0.22	0.28	+ 33.3
Crescent Res	CRC	4937	0.05	0.02	0.02	-60.0
Savant Expl	SVT	37	0.10	0.08	0.08	-46.6
Golconda Res	GA	37	0.05	0.05	0.05	-37.5
Touchdown Cap	TDW	110	0.06	0.06	0.06	-33.3
Metals Ck Res	MEK	2098	0.22	0.17	0.17	-29.1
Paragon Minls	PGR	226	0.12	0.08	0.08	-27.2
MacDonald Mns	BMK	3014	0.20	0.14	0.14	-26.3
GoldenDoryRs	GDR	325	0.12	0.09	0.09	-25.0
Portal Res	PDO	16	0.10	0.09	0.09	-25.0
Aldershot Res	ALZ	607	0.04	0.03	0.03	-25.0

< td>Gold Bulln Dev

TSX-V greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
Titanium Corp	TIC	867154	1.56	+ 0.30
Bralorne Gold	BPM	238530	1.20	+ 0.21
Golden Hope	GNH	11666553	0.70	+ 0.17
Great Quest Me	GQ	1080582	0.88	+ 0.15
Atac Res	ATC	1304821	1.89	+ 0.13
GBB	8948325	0.70	+ 0.13
East Asia Mnls	EAS	526233	6.69	+ 0.12
Alderon Res	ADV	466355	1.24	+ 0.11
Edgewater Expl	EDW	10000	0.90	+ 0.10
Midland Expl	MD	21053	1.40	+ 0.08
Clifton Star	CFO	426090	4.00	-0.51
Maudore Minls	MAO	100102	3.90	-0.30
Chesapeake Gld	CKG	49731	7.72	-0.26
Quest Rare Mnl	QRM	348073	2.15	-0.25
RareElemntRs	RES	316770	2.22	-0.24
Mirasol Res	MRZ	276008	1.57	-0.21
Rainy River Rs	RR	1443200	6.63	-0.20
Quaterra Res	QTA	97928	1.31	-0.19
Universal Powr	UNX	333693	1.70	-0.13
Mosquito Cons	MSQ	462981	1.09	-0.12