Blog - Page 4056 of 5741

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…

TuesdayDec 01, 2009 9:27 am

General Environmental Management, Inc. (GEVI.OB) Reminds Investors of First-Ever Earnings Conference Call 12/2/09 at 4:30pm EST

General Environmental Management, Inc. yesterday issued a press release to remind the investment community of its first-ever conference call that will take place December 2 at 4:30 EST/1:30 PST. Following prepared remarks and presentation of the operating results, the call will be open to questions and answers. During the investor call, General Environmental Management will provide detailed information on the acquisition of Santa Clara Waste Water (SCWW). GEM Management will also discuss the company’s efforts to acquire, license or partner with waste-to-energy technologies and companies. The participant dial-in number is: 1-480-629-9712. If you have an interest in GEVI and would…

TuesdayDec 01, 2009 9:00 am

eDoorways Corp. (EDWY.PK) Selects Drupal to Expedite Platform’s Web 3.0 Integration

eDoorways Corp. announced this morning that it has chosen to rely on Drupal, an Open Source Content Management System written in PHP and distributed under the GNU General Public License, to accelerate its Web 3.0 development and delivery of SOLVE version "Beta 2.0", which will include the first incarnation of the platform's mobile applications. "Drupal is a globally established Open Source software with over 2 million downloads since 2001," stated Gary Kimmons, Chairman & CEO of eDoorways Corporation. "Open Source is indeed the future of the Internet." Google's increasingly popular cell phone operating system, called Android, is Open Source. Furthermore,…

MondayNov 30, 2009 11:43 pm

FormCap Corp. (FRMC.PK) is “One to Watch”

FormCap Corp. is an emerging oil & gas exploration and development company. With a primary focus on the discovery and development of oil in the Continental United States, the company has assembled 4,800 acres of oil and gas mineral leases, together called the Weber City Prospect, located in Curry County, New Mexico. The Weber City Prospect has been defined by detailed geological information including well log data, seismic, Landsat and independent third party geological interpretation. After thorough review of the collected data, FormCap believes there is potential to drill up to 100 wells that could produce over 300 million barrels…

MondayNov 30, 2009 3:52 pm

China Gengsheng Minerals, Inc. (CHGS.OB) Renews Full Service Contract with Two Companies

Today, high tech industrial materials products company, China Gengsheng Minerals, Inc. announced that it has renewed a full-service refractory contract and regenerative bricks contract with Shandong Iron and Steel Group, Rizhao Subsidiary. The full-service contract will begin on December 1st, 2009 and last to November 10th, 2010; the regenerative bricks contract lasts for 18 months. The combined value of the two contracts is estimated at approximately $9.0 million. Payments will be made on a monthly basis in accordance with the production schedules. Gengsheng, with products capable of withstanding high temperatures, saving energy and boosting productivity in steel and oil industries,…

MondayNov 30, 2009 3:44 pm

November 30th CEOcast Weekly Newsletter

Companies featured in this edition of the newsletter: ACTC, ENZ, NWCI, OMCM, ONBI, PHC, XSNX Markets continued to display strength early on during this holiday shortened week, only to be led lower on Friday by concerns stemming from the announcement that the UAE was attempting to restructure debt with potentially adverse effects on lenders, chiefly, European banks. All told, the Dow finished marginally in negative territory, losing 0.1% on the week, surrendering 8 points to close at 10309, up 17.5% on the year. The Nasdaq performed slightly worse, losing 0.4% to close at 2138, while the S&P 500 finished the…

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