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 18th and we’ve found 7 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.
Amarillo Gold Corp. (TSX VENTURE:AGC)
Discovery of a New, Near-Surface Gold Zone ..
reports on the discovery of a new gold zone on the Caneleira prospect at its Lavras do Sul Project in the state of
The five holes drilled and assayed to date on Caneleira have uncovered broad, low grade gold mineralization spanning almost 400 m of strike length. Furthermore, the mineralization on the prospect has been continuously mapped as an alteration zone for 1 km and may be apparent as 2.5 km linear zone interpreted from the airborne magnetics.
Assays have been returned for the first 5 drill holes, all of which reported significant gold mineralization. Of note,
drill hole LDH-110 intersected 36.1 m @ 1.42 g/t Au
drill hole LDH-111 intersected 37.0 m @ 1.17 g/t Au
drill hole LDH-114 intersected 266 m @ 0.35 g/t.
This intersection consisted of several higher grade zones, including 12.0 m of 0.49 g/t from 8.0 m to 20 m in the oxides/transition zone, interspersed by more weakly anomoulous (sub- 0.3 g/t) material.
Assays are pending for an additional four holes and the drill remains active on the prospect.
.91 (mid-end of trading range)
YANGAROO Inc. (TSX-V: YOO, OTC: YOOIF)
Signs Major US Independent Music Distributor
YANGAROO’s patented Digital Media Distribution System (DMDS) is a leading secure B2B digital delivery solution for the music and advertising industries. DMDS is a web-based delivery system that pioneers secure digital file distribution by incorporating biometrics, high-value encryption and watermarking.
DMDS replaces the physical distribution of musical recordings and advertising to radio, media, retailers and other authorized recipients with more accountable, effective and far less costly digital delivery of broadcast quality media via the Internet.
YANGAROO’s DMDS has made over four million deliveries of over 11,000 songs from more than 500 record labels to destinations which include radio stations representing over 35 US broadcast chains. DMDS is the only system that can digitally deliver music across the US, Canada and the UK.
has signed an agreement with INDIE911, one of the world’s largest and fastest growing aggregators of independent music. INDIE911 features over 45,000 artists and labels, some 250,000 song and film titles, and 50,000 members, with close to four million monthly page views.
“I had heard that DMDS was being used by the major US record labels and believed that our members should be able to benefit from this valuable service as well,” said Justin Goldberg, President and CEO of INDIE911.
.11 (low-end of trading range .. high of .42 so beware of TLS)
Romios Gold Resources (TSX V:RG – OTCBB:RMIOF –
Intersects 7.82 gpt Gold Over 19.69 Metres–
Includes High Grade Zone of 27.32 gpt Gold Over 2.35 Metres
at Its
.39 (low-end of range … $1.02 high … TLS)
OMAGINE Receives $49.4M for 12% Stake In
[OTCBB: OMAG] —-
DISCLOSURE – THIS IS AN AGORACOM CLIENT
today announced that Consolidated Contractors International Company, S.A. (CCIC), an investment arm of Consolidated Contractors Group SAL (“CCGâ€), will invest nineteen million ten thousand Omani Rials (equivalent to U.S. $49,426,000 ) in Omagine SAOC in exchange for a twelve percent (12%) equity stake.
Omagine SAOC (the “Project Companyâ€), presently being organized by the Company in the Sultanate of Oman, will design, develop, build, own and operate the Company’s planned $1.5 billion plus tourism project – OMAGINE – which, when completed in four to five years, management expects to become Oman’s prime destination for tourists, business travelers and the local population.
The Omagine project also includes the construction and sale of approximately 3,300 residential housing units including luxury villas, townhouses and apartments
About Consolidated Contractors Group SAL
CCG (www.ccc.gr) is an international construction company headquartered in
In its fifty years of operation, CCG has grown to become one of the top rated construction firms in Oman and the Middle East, with over 125,000 employees worldwide, thousands of which are in Oman and the GCC countries.
.89 (mid-range of .075 – 2.95)
Capital Gold Corporation (TSX: CGC) (OTCBB:CGLD)
reports financial results for first fiscal quarter
Capital Gold a gold production and exploration company, reported yesterday that production at its El Chanate mine in
The company reported net sales were USD 6.5 million based on 9,194 ounces of gold sold at an average sale price of USD 710 up to 31 October 2007.
The company announced net income of approximately USD 1.7 million which equates to a fully diluted income per share of USD 0.01.
The company declared cash costs of USD 239, which is well below the gold industry average of approximately USD 371 per ounce.
$0.66 52 wk hi/lo $0.89/$0.30
Solar EnerTech (OTCBB: SOEN)
Enters Into US$21.8 Sales Contract
Solar EnerTech Corp. today announced that it has entered into a sales contract with Sky Solar (Hong Kong) International Co., Ltd., a subsidiary of Sky Global Group to distribute solar modules.
Sky Global Group is a global distributor and system integrator of solar panels.
The total shipment to Sky Solar under the contract amounts to approximately US$21.8 million. Shipments, aimed for solar power installations in Spain, are scheduled to be delivered over a 5-month period beginning in December 2007, with the majority of solar module shipments scheduled for the Company’s 2008 fiscal second quarter.
$0.83 (mid-range) 52 wk hi/lo $2.04 / $0.126
Emergent Group Inc. (OTCBB:EMGP),
Announces a 50 Percent Increase in Annual Dividend to $0.30 Per Share
provider of mobile medical lasers and surgical equipment,
today announced an annual dividend of $0.30 per share.
The dividend will be paid to shareholders of record on December 28, 2007 and payable on January 9, 2008.
Bruce J. Haber, Emergent Chairman and CEO, said, “This dividend is an increase of 50% above the dividend the Company paid last year and triple the dividend we paid in 2005.” Mr. Haber added, “The dividend increase reflects the extremely strong cash generation and financial performance of Emergent Group in 2007.
Mr. Haber remarked that, “The Company competes in a vital and fast growing marketplace providing modern medical equipment to hospitals and physicians. The recent transition to a newer and more profitable BPH laser technology, along with our other products, provide the Company with an advanced platform to continue long term growth well in excess of the industry.
$3.00 52 wk hi/lo $4.02/ $2.50