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 February 26th and we’ve found 6 great press release 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.
VendTek Systems Inc. (CDNX:VSI.V)
Announces FY Results for 2007
a leading of provider automated transaction systems software, is pleased to announce the Company’s financial results for the year ended October 31, 2007.
revenues of $90.823 million or 57%
earnings of $769 thousand … includes stock option expenses of $739 thousand
$0.02 per share
$1.8 million in cash flow from our operations in 2007 compared to $1.1 million
Increase in the number of terminals in
Increased international software license sales from
Aurcana Corporation (TSX VENTURE:AUN)
Moves to Expand Production and Mine Higher Grades at La Negra
announces they have approved capital expenditures for the purchase of additional mining and milling equipment to expand production at the 1,000 tonne per day La Negra Silver-Lead-Zinc-Copper mine in
The new equipment will also offer the flexibility of mining from a number of higher grade areas such as Monica, Dificultad and Virginia in addition to continuing production from the Alacran area.
About The La Negra Mine:
Acquired in May of 2006, the 1,000 tonne per day La Negra silver-lead-zinc-copper mine went from “care and maintenance” to current production levels in 13 months.
Annual operating cash flow at the La Negra Mine is estimated at $12 – $15 million.
About Aurcana Corporation:
Aurcana Corporation is committed to becoming a mid-tier base/precious metals producer generating $100 million plus in annual operating cash flow.
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Patriot Scientific (OTCBB:PTSC)
*DISCLOSURE – PTSC IS AN AGORACOM CLIENT
Mattel, Inc. has purchased a Moore Microprocessor Patent™ (MMP) Portfolio license from The TPL Group, Patriot’s exclusive licensing partner.
Mattel, Inc. designs, manufactures and markets toys and family products.
employs more than 30,000 people in 43 countries and territories and sells products in more than 150 nations.
“The rate of licensing has accelerated in the last few months, and we’re pleased to welcome Mattel to the group,†said Jim Turley, Patriot Scientific’s president and CEO. “Microprocessor chips are truly ubiquitous and this latest signing just reinforces the point.â€
Forty global companies from the
Fujitsu, Hewlett Packard, Kenwood, Nokia, Philips, Sony and Toshiba.
The sweeping scope of applications using MMP Portfolio design techniques continues to encourage the world’s leading manufacturers of end-user products from around the globe to become MMP Portfolio licensees.
About the MMP Portfolio
The
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Intersects 2.51% Ni Over 10.4m at the Hart Project
diamond drilling at the Hart Nickel Project continues to return high grade Nickel (“Ni”) intersections in the sulphide pool described in earlier releases.
H-08-66 intersected 2.51% Ni over 10.4 metres of core, close to the central portion of the lower zone.
This intersection confirms the grade and width of the orebody within the previously stated strike length of 210m, having intersected 50 east and up dip of hole H-07-63 which returned a high grade zone of 2.05% Ni over 9.8m.
Other boreholes in the vicinity intersected
2.15% Ni over 14.55 (H-07-35),
1.19% Ni over 25.55m (H-07-45),
1.15% Ni over 27.4m (H-07-30), and
1.37% Ni over 14.2m (H-07-48).
Collectively, these boreholes have outlined the main sulphide pool discovered last year which remains open to the east, west and at depth.
“Hart continues to deliver,” said William Randall,
About Liberty Mines Inc.
Liberty Mines Inc. is a producer of nickel and is focused on the exploration, development and production of nickel, copper, cobalt and platinum group metals from its properties in
$1.28
Noront Resources (NOT:TSXV)
Shear- Hosted Massive Sulphides Encountered
– Discovery of a second massive sulphide occurrence located 2 kilometers to the southwest of its Eagle One magmatic massive sulphide occurrence
– within Noront’s 100% owned Double Eagle Project in the McFauld’s
– A detailed account of this new discovery will be press released shortly.
– Four holes have intersected massive to semi-massive sulphide mineralization. The rock units encountered at Eagle Two consist of strongly altered peridotite hosting a multi-phased deformation zone containing veins of sulphides ranging from a few centimeters wide to over 3 meters wide.
– Stock was halted yesterday @ 1:10 PM EST
– Resumption has been set for the open bid/ask = $5.75
– Closed yesterday at $5.04
$5.04
African Gold Group, Inc. (AGG:TSXV)
Discovered 2.7 Kilogram Gold Nugget at
= 5.9 pounds x $936/oz = $88,360
local artisanal miners have discovered a 2.7 kilogram gold nugget in the north-west quadrant of the Kobada concession.
PR containis link to view the Kobada concession map and the location of the discovery of the gold nugget (http://media3.marketwire.com/docs/Kobada31.jpg ).
A review of the map clearly illustrates that the discovery location is a considerable distance from the site of any work undertaken by AGG and speaks to the general prospective nature of the overall Kobada concession.
PR contains link to view a picture of the 2.7 kilogram gold nugget, please click on the link (http://media3.marketwire.com/docs/agg0226.pdf ).
AGG geologists describe the gold nugget as being “local”, as witnessed by its irregular shape and the ease with which the nugget fell apart when lifted for weighing. These factors are indicative of the nugget not having travelled very far from its point of origin. It is hypothesized that the gold nugget was weathered out of a quartz-carbonate vein.
“Kobada shares a common characteristic of many established mining districts throughout the West African theater, that being the presence of extensive local artisanal mining. It is this feature or characteristic that has attracted the western miner(s) to the region, to test the depth extent of gold mineralization and in several instances, has resulted in world class mining projects – Syama, Sadiola and Siguri to name a few. The local population have been exploring and mining the Kobada region for hundreds of years and can still find new resources within sight of old workings”, states AGG Chairman, Ben Adoo, C. Eng.
African Gold Group, Inc., based in
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