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 Monday, September 24th and we were able to uncover 4 great releases today dealing with energy, resources and military/government contract awards. Another great day for the small-cap world.
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Now, onto our show notes for the day.
Lexaria Corp.: Oil Discovery Exceeds Expectations
**DISCLOSURE – Lexaria has signed a contract with AGORACOM to provide investor relations services. The Lexaria IR HUB will be going live shortly.
Lexaria Corp. (OTC BB: LXRA)
it has received flow test results from the previously drilled oil and gas discovery in
It flowed 100 barrels of oil per day on a 12/64 choke, with pressure that stabilized at 230 lbs/ft. The producing zone is less than 3,000 feet from surface. The well is expected to be placed into production next week, likely at a slightly larger choke size. During the production test, the F-12 well produced no water or gas.
If these initial production rates are sustainable, then the F12 well could generate gross payback in less than 60 days of production.
Lexaria Corp. is an oil & gas company active in
1.25
Apogee Discovers New Mineralized Vein System Over 400 Meters Strike Length on the La Solucion Mine Property
Geologists for Apogee Minerals Limited (TSX VENTURE: APE) have discovered
a new mineralized vein system that extends at least 400 meters along strike on Apogee’s La Solucion Mine Property.
The 100% owned La Solucion mine is currently producing silver, zinc and lead and realizing record prices for both zinc and lead production.
.385
ARISE Technologies Corporation announces $25 million bought deal common share offering
has entered into an agreement to sell to a syndicate of underwriters led by Canaccord Adams and Clarus Securities Inc., on a bought deal basis, 17,860,000 common shares at a price of $1.40 per Common Share (the “Offer Price”) for gross proceeds to ARISE of $25,004,000 (the “Offering”).
The Offering is expected to close on or about October 15, 2007 and is subject to regulatory approval.
About ARISE
ARISE Technologies is dedicated to accelerating the use of solar energy in mainstream markets.
1.45 (more than doubled in last month)
Airtrax, Inc. (OTC Bulletin Board: AITX),
the Company has received formal notification from the Israeli Ministry of Defense (MOD) that the Israeli Air Force (IAF) has completed the final testing of Airtrax’s MP2 Equipment Handler Prototype that was shipped to
IAF anticipates that they will be sending the purchase order for five production vehicles sometime during the next few weeks. The purchase order will include an option for the MOD to purchase an additional four vehicles
In addition to the vehicles themselves, the IAF expressed its intent to order certain support equipment including stand-by battery cassettes, chargers, battery installation and service carts, as well as spare consumable and replacement parts
About Airtrax, Inc.:
A U.S.-based developer of Omni-Directional Technology, Airtrax designs and manufactures Omni-Directional Vehicles. The Airtrax patented wheel was designed and developed by Airtrax after receiving a technology transfer from the
0.37
END OF SHOW NOTES