Blog - Page 3653 of 5550

TuesdayJun 22, 2010 7:59 am

Eagleford Energy Inc. (EFRDF) Buys Eagle Ford Shale Lease

Eagleford Energy Inc. (EFRDF) announced the acquisition of an interest in a mineral lease in Zavala County, Texas. The mineral lease acreage is prospective for the Eagle Ford Shale, and several other oil and gas bearing formations. Eagleford Energy Inc. acquired a 10% working interest in the Matthews Lease, which consists of 2,629 gross acres. The company paid $200,000, comprised of $25,000 in cash and a note payable for $175,000. The note pays interest of 5% per year. The Matthews Lease is located in the Maverick Basin in South Texas, and Eagleford Energy Inc. will be pursuing light oil from…

TuesdayJun 22, 2010 7:57 am

ESP Resources, Inc. (ESPI) Completes Acquisition of Turf Chemistry

ESP Resources, Inc. announced the completion of the acquisition of Turf Chemistry, Inc. with the issuance of two million shares of common stock. The deal closed on June 16, 2010. ESP Resources, Inc. paid a total of $969,230 in cash and stock to the owners of Turf Chemistry, Inc. The company paid $339,230 in cash, and issued two million shares of ESP Resources, Inc. common stock in the deal. ESP Resources, Inc. also agreed to an earn out provision in the acquisition agreement where the company agrees to issue more common stock to the sellers if certain revenue targets are…

TuesdayJun 22, 2010 7:55 am

AmbiCom Holdings, Inc. (ABHI.OB) Announces Exclusive Four-Year Agreement for Its WL54-CF Blood Glucose Technology

AmbiCom Holdings, Inc., a leading designer and developer of wireless products focusing on the wireless medical industry, recently announced that the company has signed an exclusive four-year manufacturing agreement with a major pharmaceutical and medical device company. Under the terms of the agreement, AmbiCom will supply the WL54-CF Wi-Fi cards for this company’s blood glucose meters to better monitor glucose levels in patients, and are planned to be sold worldwide to hospitals, clinics and other health care facilities. If FDA approval is granted, the first shipment of units could take place as early as the third quarter of 2010. The…

TuesdayJun 22, 2010 7:54 am

Urban Barns Foods Inc. (URBF.OB) Meets with Several Produce Growers and Distributors

Urban Barns Foods Inc. announced yesterday that they met with target clients and government officials. In addition, the Company also announced their financial results for the third quarter ending April 30, 2010. As previously announced, the Company has followed up their initial series of meetings in Puerto Rico by two additional visits in June 2010 with meetings between their Board of Directors and officials of the Economic Development Corporation of Puerto Rico (PRIDCO). Mr. Dan Meikleham, Urban Barns Chairman and Chief Financial Officer, commented, "Undeterred by the disappointment of not receiving the initial startup financing we expected in December, 2009,…

MondayJun 21, 2010 3:19 pm

Tombstone Exploration Corp. (TMBXF.OB) Announces Acquisition of Lease for Mineral-Rich Property Containing Gold and Silver

Tombstone Exploration Corp. announced today after the closing bell that it has closed a leasing agreement on the Eagleville property in Mineral County, Nevada. The property is located along the northeast boundary of the Walker Lane structural zone in the Regent-Rawhide Mining District, Mineral County, Nevada. According to the company, terms of the 10 year lease include a lease to purchase provision. Mineral County is known for its considerable and unique variety of mineral wealth which remains undeveloped. The region contains major epithermal gold and silver deposits such as Round Mountain and the historical Comstock Lode. It is possible that…

MondayJun 21, 2010 3:06 pm

Kemet Corp. (KEME.OB) Trades at 52-Week High After Mention in QualityStocks Newsletter

Kemet Corp. closed today's trading at $2.42 a share, down just slightly from Friday's close. Earlier in the day, Kemet traded as high as $2.60 per share, eclipsing the previous 52-week high of $2.56. The stock was first mentioned in the QualityStocks Daily Newsletter back on April 2, 2009. At that time, Kemet was trading for less than $0.29 a share. So in just about a year's time, investors could have reaped gains of nearly 800%! Who is Kemet? It is a company which offers the world's most complete line of tantalum, multilayer ceramic, solid aluminum, film, paper and aluminum…

MondayJun 21, 2010 2:11 pm

NanoViricides Inc. (NNVC.OB) Announces Positive Results in Animal Studies for Dengue Virus

NanoViricides Inc., a development-stage company focused on special purpose nanomaterials for viral therapy, today announced that its anti-Dengue drug candidates demonstrated positive results in the initial animal survival studies of Dengue virus infection. The Dengue virus, a member the family of viruses that includes West Nile and Hepatitis C viruses, is transmitted to humans through female Aedes mosquitoes. According to the World Health Organization, fatality rates of Dengue Hemorrhagic Fever/Dengue Shock Syndrome (DHF/DSS) can exceed 20 percent. WHO also reports that Dengue threatens more than 40 percent of the world population, and that Dengue cases with significant fatality rates are…

MondayJun 21, 2010 2:09 pm

Steele Recording Corp. (SELR.OB) Finalizes Reorganization of Steele Resources

Steele Recording Corp., www.steeleresources.com, announced today that reorganization/acquisition of precious metals exploration prodigy, Steele Resources, Inc. (SRI), was successfully completed. Just five miles southwest of Virginia City, Nevada, on the proven Comstock Lode site, SRI operates the Comstock-Tyler Project as part of its overall agenda to carefully identify and then develop advanced-stage gold and silver assets in the Western US (emphasis on NV). CEO of SELR, Peter Kristensen, nodded knowingly regarding this strategic move into precious metals exploration and recovery, citing the history and overall mineralization profile (total production to date estimated at 190M oz. silver, 8M oz. gold) of…

MondayJun 21, 2010 2:01 pm

Topaz Resources, Inc. (TOPZ.OB) Hails Natural Gas as Perfect Solution to US Energy Demand

Topaz Resources, Inc., www.topazresourcesinc.com – the independent, Texas-based developer of oil and gas reserves focused on a strategy of organic growth through acquisition of proven assets, and constant upgrading of existing acreage within the Barnett Shale – today cited the geostrategic/economic importance of US natural gas reserves in offsetting oil dependency on other countries. The Barnett Shale, the biggest-producing gas field in TX, has many reserves yet to be acquired and has rapidly become one of the nation’s biggest natural gas plays. The Obama administration’s clear language, expressed in Pittsburgh this June, has prompted a resurgent natural gas sector, and…

MondayJun 21, 2010 1:47 pm

Global Health Ventures Inc. (GHLV.OB) Inks Letter of Intent with Pacific Therapeutics for Development of Pulmonary Treatment

Global Health Ventures Inc. is a specialty pharmaceutical company focused on life style products, including products for stress relief, sleeping disorders, pain relief, allergies and more. The company today announced it has signed a binding letter of intent (LOI) with Pacific Therapeutics Ltd., a development-stage specialty pharmaceutical company focused on pulmonary diseases including asthma, idiopathic pulmonary fibrosis and acute respiratory distress syndrome (ARDS). Per the agreement, Global Health will pay Pacific an upfront fee, as well as milestone payments for key clinical and regulatory achievements, and royalties on potential future sales. The two companies will equally split responsibility for all…

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