Blog - Page 3916 of 5601

TuesdayDec 01, 2009 3:43 pm

Houston American Energy Corp. (HUSA) Set To Raise Equity Capital

Houston American Energy Corp. reported today that it reached an agreement to sell three million shares of common stock to a group of institutional investors at a price of $4.68 per share. The company estimates it would receive $14 million in gross proceeds after underwriting and other fees. Global Hunter Securities and Knight Capital Markets, LLC were the underwriters on the deal. Houston American Energy Corp. is an oil and gas exploration and production company headquartered in Houston, Texas. The company holds a diversified portfolio of properties in both the domestic and international area. Houston American Energy Corp’s international assets…

TuesdayDec 01, 2009 2:43 pm

Solar Energy Initiatives, Inc. (SNRY.OB) Announces $1.7 Million Solar Project

Solar Energy Initiatives, Inc. announced earlier today that it has signed a Letter of Intent to assume a $1.7 million turn-key solar project and contract to supply the Gainesville Regional Utilities with solar electricity. With installation of this project expected to begin immediately, the company anticipates completing the project by the end of next month. As the project developer for the solar project, Solar Energy Initiatives will supply the solar equipment and balance of system. In addition to the sale of solar equipment and balance of supplies, the company will also generate revenue via the sale of the newly generated…

TuesdayDec 01, 2009 2:38 pm

Milestone Scientific Inc. (MLSS.OB) Inks Distribution and Marketing Agreement with Utah Medical Products Inc.

Milestone Scientific Inc. is engaged in computer controlled injection technologies for the medical and dental markets. The company today announced a supply and distribution agreement with Utah Medical Products Inc., in which Utah Medical will obtain the rights to market and sell Milestone’s patented CompuMed® computer-controlled, painless injection system to its North American customer base. CompuMed can reduce the dose of local anesthetic, and in turn, can reduce side effects, accelerate recovery time and lower costs. The product has gained clinical merit from demonstrations of its benefits in colorectal surgery; podiatry; dermatology, including surgery for the removal of basal cell…

TuesdayDec 01, 2009 2:33 pm

Clenergen Corp. (CRGE.OB) Expands Land Leases in India and South America

Clenergen Corporation, a developer of power generation systems that run on biomass crops grown specifically for use as a power source, has secured a 49 year lease for 4,000 acres of land in Tamil Nadu, on the southeast coast of India. The acreage, located in the Tuticorin and Tirunelveli districts, will support plantations of bamboo (1,200 acres) and a fast growing species of tree called marjestica (2,800 acres) to feed a planned 16 megawatt power plant in the city of Tuticorin. The city of Tuticorin has a seaport, airport, and is within 30 kilometers of the plantation sites. Clenergen has…

TuesdayDec 01, 2009 11:24 am

China Biologic Products, Inc. (CBPO.OB) to List Stock on NASDAQ

China Biologic Products, Inc. (CBPO), the largest non-state owned biopharmaceutical company in China, announced today the reception of approval to list its common stock on the NASDAQ. CBPO, through its majority-owned subsidiaries, constitutes a fully integrated biologic products company, with plasma collection, R&D, production, development, and commercial operations. With a well-established conduit into China’s top hospitals, the various plasma-based products made by CBPO are vital during medical emergencies, or are used for prevention and treatment. CBPO expects shares to begin trading on the NASDAQ tomorrow, Wednesday, Dec. 2, retaining the CBPO ticker. CEO of CBPO Mr. Chao Ming Zhao thanked…

TuesdayDec 01, 2009 10:19 am

Taseko Mines Ltd. (TGB) to Receive $180 Million to Form Joint Venture for 25% of Gibraltar Mine

Taseko Mines Ltd. is a British Columbia-based mining company. The company's main assets are its Gibraltar copper-molybdenum mine, the Prosperity gold-copper project, the Harmony gold project and the early stage Aley niobium project. The company announced yesterday that it had signed a letter of intent with Sojitz Corporation to establish by early 2010 a joint venture over Taseko's Gibraltar copper/molybdenum mine. The terms of the deal require that Sojitz pay Taseko $180 million for a 25% interest in the mine. Taseko will continue to operate the mine. Sojitz is one of the large Japanese “trading houses”, a conglomerate with interests…

TuesdayDec 01, 2009 10:18 am

Monarch Financial Holdings, Inc. (MNRK) Prices Preferred Stock Issue

Monarch Financial Holdings, Inc. priced an offering of 700,000 shares of noncumulative convertible perpetual preferred stock at a price of $25.00 per share. The company estimates its gross proceeds at $17.5 million. The noncumulative convertible perpetual preferred stock has a dividend yield of 7.8% and is convertible into 3.125 shares of common stock of Monarch Financial Holdings, Inc. at a price of $8.00 per share. The management of Monarch Financial Holdings, Inc. said that the size of the issue was increased from 650,000 shares due to strong interest from investors. Brad E. Schwartz, the CEO of Monarch Financial Holdings, Inc,…

TuesdayDec 01, 2009 10:12 am

Denarii Resources, Inc. (DNRR.OB) Engages Expert Land Survey Company, White Wolf Land Services

Denarii Resources, Inc., a company specializing in the exploration of mineral properties in North America, recently announced that the Board of Directors has engaged the services of White Wolf Land Services, a land survey company located in Bakersfield, California. The professional employees of White Wolf Land Services work extensively in the California counties of Riverside and San Bernardino. Mr. Edward Harrington, B.Sc.,P. Geo.Senior Exploration Geologist to the company, has identified specific mining districts in the southwestern region of California. Under the terms of the agreement, White Wolf Land Services will conduct a thorough study of these recently identified lode mining…

TuesdayDec 01, 2009 10:11 am

Sanswire Corp. (SNSR.OB) Receives Major Funding Commitment

Sanswire Corporation, developer and provider of an integrated suite of aerospace communications products and services, announced they received a funding commitment arranged by Global Telesat Corporation (GTC) for the completion of the Commercial Version STS-111 Multi-Day UAV. GTC is a renowned satellite tracking provider and the union of Sanswire and Global Telestat seems to have incredible potential. For Sanswire to complete their lighter than-air UAV (The STS-111), GTC provided $800,000. Earlier in the year, GTC arranged funding that commenced the construction of the STS-111 which led to the development of the proprietary systems and construction of Sanswire’s TAO initial four-segment…

TuesdayDec 01, 2009 9:40 am

Omnicity Corp. (OMCY.OB) Announces Major Acquisition of AAA Wireless Assets

Omnicity Corp., the Midwest's largest fixed Wireless Internet Service Provider, excitedly announced today that it has agreed to purchase the assets of AAA Wireless, Inc. The assets to be purchased include a large, substantial network, estimated to have a footprint in excess of 80,000 homes with 39 towers. This acquisition will increase Omnicity's reach by more than 30%. In 2008, the AAA Wireless network serviced over 190 schools generating in excess of $5m in revenue. Greg Jarman, CEO of Omnicity, stated, "We are very pleased to have reached formal agreement to purchase these assets. The large number of homes, the…

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