QualityStocks Stock Newsletters Archives - Page 415 of 1818

TuesdaySep 14, 2010 8:35 am

Doral Energy Corp. (DRLY.OB) Enters Into Letter of Intent

Yesterday, Doral Energy Corp. announced that they entered into a Letter of Intent to combine with Pure Gas Partners II, L.P. of San Antonio, Texas. This business combination, which will be effected through the issuance of common shares of Doral Energy, will result in an effective change of control with current stakeholders of Pure owning eighty percent of the combined entity post-transaction. Doral Energy Corp. will, as part of this business combination, among other things, conduct a reverse stock split and name change. The combined entity will have their corporate headquarters in San Antonio, Texas while maintaining an operations office…

TuesdaySep 14, 2010 8:32 am

BMB Munai, Inc. (KAZ) Reaches Restructuring Agreement with Convertible Bondholders

BMB Munai, Inc. reported that the company has reached an agreement with a group of bondholders on a restructuring of one of its outstanding bond issues. BMB Munai, Inc. has been negotiating with the owners of $60 million principal value of the company’s 5% senior convertible notes due 2012. The restructuring changes are contained in Supplemental Indenture No. 2, to be executed by both the bondholders and the company. BMB Munai, Inc. is required to make a cash payment of $1 million towards the principal balance of the notes, and the company will also increase the interest rate on the…

TuesdaySep 14, 2010 8:30 am

Credo Petroleum Corp. (CRED) Reports Successful Well in North Dakota

Credo Petroleum Corp. reported the success of a horizontal well drilled in North Dakota. The company said that the well had the highest initial production rate of any well in its history. The Weisz 11-14#1-H well drilled over the last few months produced at an initial rate of production in excess of 2,000 barrels of oil equivalent (BOE) during an initial 24 hour production period. The well targeted the Middle Bakken formation and was completed with a thirty-seven stage hydraulic fracturing operation. Credo Petroleum Corporation said that the Weisz 11-14#1-H well was the company’s second successful well targeting the Middle…

MondaySep 13, 2010 4:04 pm

Welwind Energy International Corp. (WWEI.OB) Receives $16.3M Infusion to Develop Wind Farm Project in China

Welwind Energy International Corp., founded to build, own and operate wind farms, today announced a formal Investment Cooperation Agreement (ICA) with Guangdong Yatu Industry Investment Co. Ltd. (GYII) to jointly develop wind farm projects in China, fueling Welwind with additional financing. Per the ICA, GYII will invest $16.3 million to co-develop Welwind’s first phase 49.5MW wind farm project in Zhanjiang of Guangdong Province. GYII will hold a 20 percent stake in the project. Additionally, GYII will appoint Welwind as its North American selling agent for its new wind turbine system technology; the companies will jointly establish a new turbine generator…

MondaySep 13, 2010 4:01 pm

Adino Energy Corp. (ADNY.OB) Completes Acquisition of PetroEnergy; Shares Jump 27%

Adino Energy Corp., an emerging oil and gas exploration and production company, today announced its acquisition of San Angelo, Texas-based PetroGreen Energy LCC and Petro 2000 Exploration Co., collectively “Petro Energy.” As a licensed Texas Oilfield Operator, Petro Energy currently operates 11 wells on two leases spanning roughly 300 acres in Coleman County, Texas. The company also owns a drilling rig, two service rigs and associated tools and equipment. According to the press release, the area in which the leases are located has generated active oil production from multiple pay zones since the 1950s. Adino says that while reservoir pressure…

MondaySep 13, 2010 1:30 pm

Vyteris, Inc. (VYTR.OB) Announces Agreement to Merge with MediSync BioServices

Vyteris Inc. is the developer and manufacturer of the first active, ready-to-use drug delivery patch (LidoSite) to receive marketing clearance from the US Food and Drug Administration. The company's proprietary transdermal smart patch technology, which allows for precise dosing, delivers drugs comfortably through the skin using low-level electrical energy. The company today announced that it has executed a definite merger agreement with MediSync Bioservices Inc. A privately-held company, MediSync is focused on the consolidation of niche contract research organizations, site management organizations and related businesses within the highly fragmented $22 billion contract drug development industry. Under terms of the agreement,…

MondaySep 13, 2010 12:19 pm

Beacon Equity Research Featured Company: Gold American Mining Corp. (SILA.OB)

Gold American Mining is a Reno, NV-based gold and precious metals exploration company focused on aggressive expansion into identified strategic acquisitions which have abundant potential for production. A stable portfolio of robust international properties, in regions characterized by steady political environments and sound underlying economies, provides SILA with a strong hand in the Au/Ag game. Gold and silver both have strong futures, the first in financial markets as a hedge against currency fluctuation, and in industry as a vital ingredient for high performance electronics. Together, they put SILA in prime position to capitalize on a bright future, with primary holdings…

MondaySep 13, 2010 11:55 am

Keyuan Petrochemicals, Inc. (KYNP.OB) Approved to List on NASDAQ under New Symbol KEYP

Keyuan Petrochemicals, www.keyuanpetrochemicals.com – one of China’s leading petrochemical producers (via Ningbo-based, wholly-owned subsidiary, Keyuan Plastics, Co. Ltd.), is proud to announce approval to list its stock on the NASDAQ Capital Market effective Sept. 15. Until then, the Company will continue trading under the KYNP symbol. The Listing Qualifications Department for NASDAQ approved the upgrade, and the Company has even been invited to preside over the Closing Bell Ceremony in New York on Sept. 16 at the NASDAQ Exchange's MarketSite (access available online via the MarketSite Tower webcam). Chairman and CEO of Keyuan, Chungfeng Tao, pointed to the benefits for…

MondaySep 13, 2010 11:53 am

Standard Gold, Inc. (SDGR.OB) Options into Arizona Rex Gold Project

Standard Gold, www.standardgoldmining.com – the precious mineral exploration firm that holds title to the Bates-Hunter Mine in Colorado via wholly-owned subsidiary, Hunter Bates Mining Corporation, today reported execution of an option to purchase (and earn up to 55% interest in, subject to net profits clause) the Rex gold project. The Bates-Hunter Mine was the second gold lode discovered in Colorado in the 1800’s, and helped to kick off the gold rush. It was closed in 1936, having gone down only 500-727, ft whereas other mines proximal to it extend below 2,200 ft. The Rex gold property, originally drilled in the…

MondaySep 13, 2010 11:48 am

B Green Innovations, Inc. (BGNN.OB) Releases New Compactor and Trash Bags

B Green Innovations, Inc. announced this morning that it has officially released its 100% degradable compactor and kitchen garbage bags to the retail markets. The bags released today are 18 gallon, 2.5 mil thick compactor and 13 gallon, 1.0 mil thick tall kitchen trash bags. The B Green bags are comparable in price to ordinary bags on the market, but are environmentally friendly. In addition to the new bags being released, B Green has launched a new promotion. For a limited time (until October 15, 2010), when a customer purchases two cases of VibeAway®, the Company’s “green” pads which are…

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