Blog - Page 3638 of 5669

MondayNov 01, 2010 9:34 am

Coastal Pacific Mining Corp. (CPMCF.OB) Signs Agreement for 50% Interest in Rich Peruvian Silver Property

Coastal Pacific, www.coastalpacificminingcorp.com – the precious metals firm targeting North and South America which emphasizes a joint venture-based strategy with companies that have rights to attractive reserves, reported signing of a definitive option agreement today to earn a 50% interest in the two-claim, 1200 hectare Santa Rita. Santa Rita is in Peru, about 200km southeast of Lima, located in the Acobambilla district of Huancavelica province and has been the subject of some exciting analysis since release of the Oct. 2009 NI43-101 Technical Report on the site: • Multiple veins of mineralization with high Ag (290 g/t), lead (65%) and zinc…

MondayNov 01, 2010 9:28 am

Gastar Exploration Ltd. (GST) Announces Settlement Agreement

Gastar Exploration Ltd. announced that the company has signed a settlement agreement related to litigation involving ClassicStar, LLC. The settlement agreement covers seven separate lawsuits filed against the company. Gastar Exploration Ltd. has agreed to pay a total of $21.15 million to settle all claims regarding ClassicStar, LLC. The company will pay $18 million in cash within ten days of the approval of the settlement agreement, balance of $3.15 million in sixteen monthly payments. The first payment is $150,000 to be followed by fifteen payments of $200,000. Gastar Exploration Ltd. said that the settlement agreement must be approved by the…

MondayNov 01, 2010 9:13 am

Garb Oil & Power Corp. (GARB.OB) Revises Revenue Estimates for End of Year Results

Today, NoWaste™ residue advocate Garb Oil & Power Corp. announced that the company is in the process of presenting preliminary sales offers for plant feasibility studies. Plant feasibility studies, aimed for the United States, China, the Middle East, India and South America, lay the foundation for the sale of a Garb Plant. The studies also generate revenue for the company. Garb Oil & Power is dedicated to the principle of economically viable waste processing, with its plants for Rubber Recycling, E-Waste, and E-Scrap recycling developed with that ideology in mind. A company representative noted that a Shareholder's Update will be…

MondayNov 01, 2010 9:08 am

Goodrich Petroleum Corp. (GDP) Updates Oil and Gas Activities

Goodrich Petroleum Corp. made several important announcements regarding the company’s oil and gas activities, including well results, reserve data and the sale of certain properties in the United States. Goodrich Petroleum Corporation reported that the company has completed the Lancaster C-1H well, located in Frio County, Texas. The Lancaster C-1H well targeted the Buda Lime formation and is currently producing 512 barrels of oil equivalent per day, composed of 212 barrel of oil and 1.8 million cubic feet of natural gas. Goodrich Petroleum has a 67% working interest in this well. Goodrich Petroleum Corporation reported that the company had proved…

MondayNov 01, 2010 9:05 am

Geo Point Technologies, Inc. (GNNC.OB) Acquires GSM Oil Holdings

Geo Point Technologies, Inc., a California-based engineering contractor with special expertise in the earth sciences, announced today the acquisition of GSM Oil Holdings Ltd., a Cyprus company which itself recently acquired Sinur Oil LLP, a partnership in Kazakhstan which owns and operates an oil refinery in Karatau, Kazakhstan. The acquisition links Geo Point with Sinur in Geo Point’s first move into the oil refining business. Using a patented oil refining technology, Sinur has built a near-zero emissions micro oil refinery, expected to process 2,000 tons of crude oil per month, producing diesel fuel, gasoline, and heating oil. The system uses…

MondayNov 01, 2010 9:03 am

Beacon Equity Research Featured Company: Caleco Pharma Corp. (CAEH.OB)

Caleco Pharma develops bio-pharmaceutical and consumer health products, leveraging proprietary “Liver Health” formulations of natural, plant-based (Lamiridosin) extracts to simultaneously pursue a dual pathway model for OTC and prescription commercialization. The Lamiridosin Franchise consists of the wide range of other products, from nutraceuticals and oral supplements that promote liver health or boost the immune system, to a bevy of dermatological and topical hair care products for the skin and scalp. Partnerships with Madrid-based Natac Biotech (plant extracts/probiotics), the Universidad Autónoma de Madrid (30 scientists/research facilities), and Rearden Health Partners (product development consultancy) give Caleco Pharma the kind of logistical network…

MondayNov 01, 2010 8:59 am

MagneGas Corp. (MNGA.OB) to Exhibit at FABTECH in Atlanta, November 2-4, 2010

On Saturday, MagneGas Corp. announced that the Company will exhibit at FABTECH. FABTECH is North America's largest metal forming, fabricating, finishing and welding event. The event occurs November 2-4, at the Georgia World Congress in Atlanta, Georgia. MagneGas Corporation President Richard Connelly will be demonstrating the effectiveness of MagneGas™ as a metal working fuel. Mr. Richard Connelly is a recipient of the prestigious Lifetime Membership Award from the American Welding Society. The award reflects more than 35 years of continuous membership and ongoing contribution to the advancement of Welding Technologies and Processes. Mr. Connelly, stated, “After two years of perfecting…

MondayNov 01, 2010 8:56 am

Cotton, Coffee and Sugar Prices Rally during the Weekend

Three big commodities that have suffered hits due to varying influences all had their prices rally at the end of last week. Cotton, a victim of poor weather conditions damaging the plant's harvest season, could possibly be in limited supply this year, while global demand has surged. After a two day decline, prices have risen to their highest level since the Civil War prevented shipments, according to Spencer Patton of Steel Vine Investments, LLC. Prices for cotton slated to be delivered in December have risen to $1.2526/lb, hitting a high this week of $1.305/lb. Coffee, while not due to weather,…

FridayOct 29, 2010 2:55 pm

Rotate Black (ROBKE.OB) On-track to Get Gulfport Casino Rolling

Rotate Black Inc., a developer and manager of resort and casino properties, today announced the completion of a 99-year management agreement with Rotate Black MS LLC (RB MS), which took effect April 1, 2010. Per the agreement, Rotate Black will manage the casino and hotel operations in the Bert Jones Yacht Basin in Gulfport, Mississippi. RB MS will compensate Rotate Black for its management services at $200,000 per month until the launch of gaming operations in Gulfport, at which time RB MS will pay Rotate Black $250,000 per month. As soon as Rotate Black achieves full-year EBITDA of $17 million,…

FridayOct 29, 2010 2:36 pm

Arctic Cat Inc. (ACAT) Reports Exceptional Financial Data for Fiscal 2011 Second Quarter

Arctic Cat, veritably synonymous with the word snowmobile and maker of some of the best ATVs, parts, apparel and accessories worldwide, reported outstanding Q2 FY11 (ending Sept. 30, 2010) data: • Zero short- or long-term debt • Net Earnings up 20.3% to $17.8M, or $0.97/diluted share (up 51% over the 6-month) • Net Sales up 5.7% to $175.8M • Gross Margins up 200 basis points (350 points year-to-date) • Operating Profits up 25% to $27.4M • Factory Inventory down 28% to $95.9M • Total of cash and short term investments up a whopping 622% to 80.9M Q2 Sales by segment:…

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