Stockhouse Canadian Small and Micro-cap Stock Report for Friday, August 13, 2010

TORONTO (SHfn) – Caza Oil & Gas Inc. (TSX: T.CAZ, Stock Forum) shares were up 100% to 34 cents Friday on news of a potentially significant discovery of natural gas and natural gas condensate at the company’s Bongo prospect in Texas. In a progress report on drilling on the O.B. Range #1 well in Wharton
County, Caza said hydrocarbon-bearing sands were encountered in a formation between 12,400-12,900 feet. Caza has a 42.24% working interest after completion (approximate net revenue interest 30%) in the well.

In other news, Call Genie Inc. (TSX: T.GNE, Stock Forum) rose 14% to 12 cents after the software technology provider said it has completed two separate financings that raised $2.5 million. They included a convertible secured debenture that raised $1.6 million and a closed non-brokered debt facility, in which a number of company insiders participated, raising $875,000. The participants were the Chairman of the Board, the chief executive officer and chief financial officer.

Kingsway International Holdings Ltd. (TSX:T.KIH, Stock Forum), meanwhile, was unchanged at 60 cents. The company said principal shareholder, Sun Wah Capital Ltd. of Hong Kong, is spending $8.1 million to purchase 16.2 million common shares of the company at $0.50 per share from Kingsway director Mary Yuk Sin Lam. Completion of the deal is conditional upon the parties receiving confirmation that the acquisition of shares does not trigger, or is exempt from, takeover bid requirements in Hong Kong and Canada. Sun Wah Capital is controlled by Kingsway director and controlling shareholder Dr. Jonathan Koon Shum Choi, who together with relative Michael Choi, will own or control 71% of the outstanding shares when this transaction closes. Dr. Choi currently controls 50.35%

Also, Gold--Ore Resources Ltd. (TSX: T.GOZ, Stock Forum) fell 7% to 53 cents. As a result of cost-cutting initiatives at the Bjorkdal gold mine in Sweden, Gold-Ore said a new contractor has been selected for the underground drift mining at the mine. The company decided to replace the current contractor after requesting and receiving several competitive bids for the contract. It is anticipated that this change, along with other initiatives, will help to significantly reduce cash costs at the operation going forward, Gold-Ore said. While underground mining will be interrupted, the plant will continue to operate at full capacity of 3,200 tonnes-per-day by supplementing open pit material with feed from stockpiles, the company said.

Finally, Salares Lithium Inc. (TSX V.LIT, Stock Forum) shares were unchanged at 62 cents after the company said it and Talison Lithium Ltd. have signed a definitive merger deal. Salares is a lithium explorer in Chile that controls the 'Salares 7' lithium project. Talison mines and processes the lithium-bearing mineral spodumene at the Greenbushes Lithium Operations in Western Australia. Based in Perth, Talison has an extensive, well established global customer network and a leading position in the growing Chinese market. Salares shareholders are scheduled to vote on the merger on September 16.

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