An Outlook At Three Canada Stocks Whose Volume Surged On Bullish Signals: $GWO $SKP $NCU

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Great-West Lifeco to acquire a retirement services business

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Great-West Lifeco Inc. (TSX:GWO) has announced a 2.06% gain on a volume of 2.36 million shares.

A definitive agreement has been arrived at by the company's subsidiary Empower Retirement (Empower), in which case it will be purchasing Massachusetts Mutual Life Insurance Company's retirement services business. Analysts applaud the move outlining that it will give Empower a major boost, pushing it to the second position in terms of the major players in the U.S. retirement market. The company is confident that transaction will go along way helping the subsidiary reach about 12.2 million retirement plan participants.

Based on the regulatory approvals and the terms of the agreement, Empower is eyeing MassMutual's retirement services business. That is a deal that will involve about US$3.35 billion (C$4.4 billion). If all moves according to plan, the transaction may come to a close in the fourth quarter of 2020.

Strikepoint Gold speaks out on recent offer

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A volume of 2.25 Million shares belonging to Strikepoint Gold Inc. (TSX:SKP) have witnessed a 31.25% gain. The company has spoken about its latest offer involving a $2 million non-brokered private placement consisting of 13,333,333 units. Each of the units would be going at a rate of about $0.15.

Nevada Copper restarts activities on its processing plant

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A volume of 2.09 million shares belonging to Nevada Copper Corp. (TSX:NCU) is said to have gained by a margin of 8.70%.

Nevada Copper Corp's has spoke severally about its Pumpkin Hollow (the "Underground Project"), which happens to be an underground project. It gives a confirmation today about having restarted the milling operations in the zone.

The restarting of the company's processing plant activities was reported on August 20, 2020. Before this time, copper production had been brought to a halt by the suspension linked to the outbreak of the deadly COVID-19 pandemic. The company is pleased about the First Quarter's initial consistent performance, as it hopes for brighter days ahead. It has also spoken in relation to the stockpiled material totaling to about 160,000 tons that is ready to be processed anytime from now. The work on the Main Shaft is still ongoing and the time of completion hasn't be outlined yet. The company confirms that all through the material will go on being hoisted from the ENVS.

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