Gryphon, Medoro, StrataGold, TransCanada: Canada Equity Preview

The following is a list of companies whose shares may have unusual price changes in Canada. Stock symbols are in parentheses after company names and prices are from the last close in Toronto.

The Standard & Poor's/TSX Composite Index climbed 100.42, or 0.8 percent, to 13,381.

Gryphon Gold Corp. (GGN CN): The explorer for gold in the U.S. said it raised C$2.6 million through the sale of 3.25 million units, consisting of one share and a purchase warrant for another share, at a price of 80 cents apiece. The company expects to sell another 3.5 million units by Dec. 15. In its statement, carried on Market Wire, Gryphon did not name the buyers in the private sale. The shares fell 1 cent to 74 cents.

Medoro Resources Ltd. (MRS CN): The company, which explores for gold on the Italian island of Sardinia, said it raised C$2.25 million by selling equity to investors whom it did not identify. The company sold 3.3 million units, consisting of one share and one share purchase warrant, at a price of 68 cents apiece, Gryphon said in a statement on Canada NewsWire. The shares fell 8 cents, or 12 percent, to 60 cents.

StrataGold Corp. (SGV CN): The bullion explorer said in a statement carried on Canada NewsWire that it has identified two new ``gold zones'' in drilling near its Tassawini deposit in Guyana. The shares added 1 cent to 41 cents.

TransCanada Corp. (TRP CN): The owner of Canada's biggest pipeline system may be among bidders for the natural-gas storage assets of U.S. oil company Chevron Corp. (CVX US) in British Columbia, Mergermarket reported on its Web site, citing a source it did not name.

Mergermarket said that Chevron plans to sell the assets, which could fetch more than $1 billion, to focus on oil-sands and arctic natural-gas projects. Chevron spokesman David Palmer confirmed the decision to sell. Goldman Sachs Group Inc. and other U.S. buyout firms may also bid, Mergermarket said. TransCanada shares added 4 cents to C$38.90.
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