Every public company loves to put out good news and see the reflection in its stock price. The following three companies released positive news of some kind today or late yesterday and then watched as their stock prices closed very strong.Shares of POW! Entertainment (OTCBB: POWN) were up 27 cents, or 466 percent, to 33 cents, on volume of 3.56 million at the market’s close today. Shares climbed steadily throughout the day after the company announced it has entered into an exclusive multi-year agreement with Walt Disney Studios. Per the agreement, POW!, formed by “Spider-Man” producer and creator Stan Lee, will develop and produce all forms of entertainment, working with Walt Disney.
Dreams Inc. (AMEX: DRJ) shares closed on an increase of 35 cents, or 17 percent, to $2.41. The increase comes after the company’s announcement it had entered into a loan and security agreement with Comercia Bank to “improve the liquidity and working capital structure for its newly AMEX-listed company. Per the deal, Dreams will transition from its $10 million asset-based credit facility toward a traditional cash-flow lending agreement with Comercia which will provide $18 million in facilities; $15 million in revolving working capital; and $3 million for future acquisition.
Rubicon Minerals Corp. (AMEX:RBY/TSX: RMX) shares rose 19 cents, or 11 percent, closing at $1.85 on volume of 518,900 this afternoon. The company and its partner Golden Tag Resources Ltd. announced updates including news that they have been “mobilized to commence” a 7.5 metre, $1.5 million follow-up land-based drill program at the McCuiag Joint Venture (Rubicon 60 percent – Golden tag 40 percent).