Good morning to you all. Please find enclosed a summary of the great small-cap and micro-cap press releases we highlighted on our TV show this morning. It’s December 10th and we’ve found 6 great press releases from both sides of the border to report on at the open. Another great day for the small-cap and micro-cap world.
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Now, onto our show notes for the day.
Kootenay Gold Inc. (CDNX:KTN.V)
Drilling Confirms Widespread, High-Grade Mineralization:
Highlights Include:
18.4 Meters Grading 950 g/t
151 Meters Grading 162 g/t Silver-Equivalent
results from the first phase of drilling on the Promontorio Silver project in
Drilling has encountered wide to moderate intervals of high-grade silver-gold polymetalic breccias in a porphyry breccia setting. Results received to date report twenty of the twenty-two holes intersected significant precious and base metal mineralization starting from surface and extending to depth.
Jim McDonald, CEO of Kootenay commented: “These results indicate that the individual Breccias drilled in the first phase are part of a single, large mineralized system with distinct characteristics indicative of a porphyry system. Accordingly, drill data suggests the Promontorio may contain a deposit of larger scale and scope than previously conceived”.
1.05 (lower end of trading range)
SilverBirch Inc. (TSX-V: SVB) Guidance for FY and Q1
a leading digital media company, announced today that, as a consequence of a number of new client initiatives, the company is able to provide the following revenue guidance.
The fiscal year ending September 30th, 2007 is expected to show gross annual revenue of $840k, more than doubling the $371k generated in fiscal 2006.
Looking ahead, the first quarter of fiscal 2008, ending December 31, 2007 is expected to generate revenues in excess of $1 million, thereby exceeding the full fiscal year 2007,
Q2 should more than double Q1.
“We acquired several companies and marketing assets throughout fiscal 2007 from which we are now starting to see significant incremental revenue,” said Mr. van der Plaat, CEO. “I see the growth rate accelerating significantly in fiscal 2008 as we begin to benefit from the complementary nature of these assets.”
To recap, major initiatives in 2007 included the acquisitions of Jambo Mobile Solutions and Electron Jump Games, a majority investment in Crossroad Mobile, and the North American licensing of Metin2, a free to play PC based multiplayer role playing game. The SilverBirch group secured many new clients in 2007 including Amazon.com, Atari, GameTV, Hallmark, Intrawest, Ogilvy Action, Pattison Outdoor, Pitney Bowes, Skyzone Entertainment and Zoom Media.
.30 (.08 – .40)
Veridien Corporation (OTCBB:VRDE)
Veridien Projects Revenue in Excess of $3.6 Million for 2008
Sheldon Fenton, CEO said, “Veridien will continue to build upon its record sales in 2007 with focused marketing plans for each `Pillar.’ Supported by a strategic sales representative network from coast to coast, we expect to achieve revenues in excess of $3.6 Million in 2008. These revenues, on top of record sales expectations of $2.5 Million in 2007, are strong indicators of the potential for Veridien’s products in the marketplace.â€
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Veridien Sales: |
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2005 (actual) |
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$1,063,745 |
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2006 (actual) |
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$1,850,066 |
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2007 (expected) |
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$2,500,000 ($1.6 9months) |
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2008 (projected) |
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$3,600,000 (in excess of) |
.03 (.07)
Acura Pharmaceuticals, Inc. (OTC Bulletin Board: ACPH)
Announces Receipt of $30 Million Cash Payment and Closing of Agreement With King Pharmaceuticals
today announced the closing of the License, Development and Commercialization Agreement (the “Agreement”) with King Pharmaceuticals Research and Development, Inc., a subsidiary of King Pharmaceuticals, Inc. (“King”) and receipt of the initial $30 million non- refundable cash payment from King under the Agreement.
The Agreement provides King with an exclusive license in the
In addition to the $30 million initial payment announced today, Acura could also receive additional cash payments from King of up to $28 million for ACUROX(TM) Tablets and similar amounts with respect to each future product licensed based on successful achievement of certain development and regulatory milestones specified in the Agreement. King will reimburse Acura for all ACUROX(TM) Tablet research and development expenses incurred beginning from September 19, 2007 and all research and development expenses related to future products after King’s exercise of its option to an exclusive license for each future product. King will record net sales of all products and pay Acura a royalty ranging from 5% to 25% based on the level of combined annual net sales for all products subject to the Agreement. King will also make a one-time cash payment to Acura of $50 million in the first year in which the combined annual net sales of all licensed products exceed $750 million.
About Acura Pharmaceuticals, Inc.
Acura Pharmaceuticals, Inc. is a specialty pharmaceutical company engaged in research, development and manufacture of innovative Aversion® (abuse deterrent) Technology and related product candidates.
6.80 (52-week high of $28.50 … look for TLS)
Gold Resource Corporation (GRC) (OTC BB:GORO.O) (
Drills 1 Meter of 5000 g/t Silver Within 4 Meters of 2955 g/t Silver at La Arista
The La Arista deposit is part of GRC’s El Aguila Project in the southern state of
The El Aguila Project is targeting gold production the second half of 2008 subject to timely obtaining required permits, regulatory approvals and equipment delivery schedules.
La Arista drill highlights include:
Hole 7288 (-55 deg)
— 4 meters of 1.35 g/t gold, 2955 g/t silver, 0.27% copper, 0.36% lead, 1.08% zinc
(or a gold equivalent* value of 67.78 g/t (2.18 oz/tonne)
Including:
— 1 meter of 2.74 g/t gold, 5000 g/t silver, 0.35% copper, 0.53% lead, 1.60% zinc
(or a gold equivalent* value of 114.37 g/t (3.68 oz/tonne)
Hole 7087 (-45deg)
— 6 meters of 0.73 g/t gold, 1202 g/t silver, 0.84% copper, 0.70% lead, 1.22% zinc
(or a gold equivalent* value of 31.92 g/t (1.03 oz/tonne)
Gold Resource Corporation’s president, William W. Reid, stated, “The La Arista deposit continues to impress us with exceptionally high-grade mineralization whether in some areas higher in gold or other areas higher in silver. We have discovered at least 3 parallel, high-grade La Arista veins. With an intercept in Hole #7087 of a 6 meter width carrying a dollar value equal to 1.03 oz/tonne gold equivalent and an intercept in Hole #7288 of a 4 meter width carrying a dollar value equal to 2.18 oz/tonne gold equivalent and with all the veins open in strike and depth the La Arista deposit has excellent growth potential.”
4.50 (close to 52-week high)
WorldWater & Solar Technologies Corp. (WWAT.OB)
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Receives Order to Supply Solar Powered |
Morrell Foundation Orders 12 of the WorldWater Portable Units for $900,000 To Donate to the
international charitable foundation that provides clean water to people in need
Each Unit Can Supply 30,000 Gallons Daily of Purified or Irrigation Water Plus Electrical Power for Lights, Motors and Tools
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the unit can also desalinate brackish or sea water. It will operate from sunshine alone or in combination with a power grid.
“The Iraqi farmers do not have reliable power from the electric grid to operate their irrigation pumps or treat their water for drinking,†said Quentin T. Kelly, Chairman & CEO of WorldWater & Solar Technologies Corp. “When we received an e-mail from the Marines at Camp Fallujah requesting water purification units, we moved immediately. Morrell and Millennium responded equally. I understand families are drinking directly from the river, which of course is seriously polluted. Within 30 minutes of Max’s arrival on site, the people will be able to drink purified water from the river and able to start irrigating crops.â€
1.80 (higher end of 52-week)