Agoracom Blog

AGORACOM Small-Cap TV – 7 Great Press Releases At The Open (January 3rd)

Posted by AGORACOM at 9:08 AM on Thursday, January 3rd, 2008

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 January 3rd 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.

You can watch AGORACOM TV right from our home page , or our archive where you can see or search all of our previous shows.

If you are new to the show, it is a daily, fast-paced, edgy report that we put out at or before the open everyday that strictly reports on the best small cap and micro cap press releases of the day in 3-5 minutes. You can watch the show by going to AGORACOM every morning.

Our daily show focuses on content over form so that you can get profitable information into your hands as fast as possible. The same holds true for these blog entries where I simply cut and paste my TV notes for your benefit, without any editing.

If you have any material information pertaining to any of today’s companies, be sure to share your knowledge by posting your comments for everyone to see.

As always, don’t forget to visit the AGORACOM Marketplace where we list compelling summaries for over 65 great small-cap companies that you can sort by exchange and industry to suit your personal investing tastes.

Now, onto our show notes for the day.


Reports 250 Meter Step Out Yields 93.0 Meters Grading 0.81 g/t Au at Million Mountain;

drilling continues to expand the gold resource at its Million Mountain Project.

Drill hole MM11007 drilled more than 250 meters South of its last reported drilling, encountering 93 meters grading 0.81 g/t Au.

Step out drilling is continuing to expand the Au mineralized body to the South. The Company has now completed three lines of drilling at 50 meters, 150 meters, and 250 meters respectively, located South of the last reported drilling. In addition drilling along the Northeast margin of the known resource body has been completed. Assays remain outstanding for approximately 20 in-fill holes drilled into the Million Mountain main mineralized zone.

Irwin Olian, CEO of the Company, “It is gratifying to see a continuation of gold mineralization as we step further to the South with our drilling. Our team is now working toward determination of an initial NI 43-101 compliant resource estimate as soon as possible.”

$2.29 (high of 2.60)

Goldrea Resources Corp.
(CDNX:GOR.V – News) (Other OTC:GORAF.PK – News) (Frankfurt:GOJ.F – News)


Molycor Gold Corp. (CDNX:MOR.V – News) (Other OTC:MLYFF.PK – News) (Frankfurt:M1V.F – News)


Diamond Drilling Update-Crow-Rea West Empress Molybdenum Project

diamond drilling in November, 2007 consisted of 9 drill holes ranging from 514-855 feet (156.7-260.6 meters) in depth which have been completed on the Empress porphyry Mo project.

The objective of these drill holes are to test a 250 X 250 meter area for molybdenum (and copper-gold) bearing mineralization. Geochemical analysis

results from the first 3 drill holes are listed as follows:

DDH 07-EMP-1: interval 3-21 m depth 18 m @ 0.077% Mo
              interval 33-54 m depth 21 m @ 0.075% Mo
              interval 147-153 m depth 6 m @ 0.077% Mo
DDH 07-EMP-2: interval 3-27 m depth 24 m @ 0.080% Mo
DDH 07-EMP-3: interval 3-24 m depth 21 m @ 0.064% Mo



Tenajon Resources Corp. (TSX VENTURE:TJS )

Intersects High Grade Molybdenum Values at Moly Brook Including 0.138% Molybdenum (Mo) over 67.06 Metres

assay results have been received for Hole MB 07-3 from the recently completed 12 hole drill program at its Moly Brook Property located on the south coast of Newfoundland.

Hole MB 07-3 intersected a 207.26 metre section averaging 0.084% molybdenum (0.140 MoS2)

including a 67.06 metre intercept averaging 0.138% molybdenum (0.230 MoS2).

The hole extends the eastern high grade portion of the Moly Brook Zone to a depth of 150 metres below surface with the zone open along strike and down dip. To date, assay data for three drill holes have been reported and the results of nine drill holes are pending.

“Results from the first drill holes have successfully tested a section of the Moly Brook deposit over both width and depth with the zone demonstrating excellent continuity. Results show that Moly Brook has the potential to host a significant bulk tonnage molybdenum deposit. In addition, both current and historic drilling indicate that molybdenum mineralization occurs near surface with very little overburden,” said Bruce McLeod, President & CEO of Tenajon. Mr. McLeod adds, “Moly Brook also benefits from being located in a mining friendly district with very good nearby infrastructure including being situated 2.5 km from the Hamlet of Grey River, less than 4 kilometres from a deep water, ice free navigable fjord on the southern coast of Newfoundland.”


Noront Resources Ltd. (TSX VENTURE:NOT)

Most Recent Assays Continue to Return High Grade Mineralization


additional assays on hole NOT-07-18 on its 100%-owned Eagle One occurrence within Noront’s Double Eagle Project in the McFauld’s Lake Area of northeastern Ontario.

“The results of the unreported additional assays from Hole 18 are very significant with 18.8 meters that averaged 7.4% nickel, 3.2% copper, 1.05 grams per tonne platimum and 10.16 grams per tonne palladium. Our immediate drill objectives for the New Year are to test for extensions to the high grade Eagle One Deposit and to drill test several high-priority geophysical targets within the immediate area of Eagle One,” states Richard Nemis, President and CEO of Noront.


– NOT-07-18 intersected mineralization between 105.2 meters and 229.8 meters that over 124.6 meters averaged 2.39% Ni, 1.09% Cu, 1.12 g/t Pt, 3.86 g/t Pd, 0.28 g/t Au and 3.89 g/t Ag. This well mineralized zone contained an 18.8 meter massive sulphide mineralized section between 211 meters and 229.8 meters that graded 7.38% Ni, 3.18% Cu, 1.05 g/t Pt, 10.16 g/t Pd, 0.23g/t Au and 8.92 g/t Ag.

NOT-07-11 was reviewed and found to contain mineralized sulphides over greater lengths than previously reported (November 6, 2007).

– The on-going land acquisition in the Double Eagle area has increased Noront’s land position to approximately 66,976 hectares (165,498 acres) in 283 claims.


Customer Acquisition Network Holdings Inc (OTCBB:CACN)

Customer Acquisition Network Expects Fourth Quarter Revenues to Exceed $5 Million,

Increasing Approximately 50% Sequentially Due to Growth of interCLICK Ad Network Subsidiary.

Customer Acquisition Network, Inc. is an emerging Internet multi-channel network, announced that its 2007 fourth quarter unaudited revenues are expected to exceed $5 million, as a result of significant growth achieved by its wholly-owned interCLICK advertising network subsidiary.

The fourth quarter revenues represent approximately 50 percent sequential growth on a pro forma basis, based upon previously reported 2007 third quarter pro forma revenues of $3.5 million.

interCLICK was recently rated the tenth largest Internet-based advertising network by comScore during the fourth quarter and currently serves advertising to approximately 100 million unique U.S. visitors per month.

Company continues to gain momentum and market share, as a result of interCLICK’s ability to deliver compelling results for their clients

Also increases in brand advertiser and advertising agencies’

cost-per-thousand budgets, growth in inventory allocation among web portal publishers and favorable seasonal factors has contributed to strong revenue growth and recognition from monitoring agencies such as comSCORE. The company believes that interCLICK is well positioned to continue to benefit from these and other secular trends in the industry.”

About interCLICK

interCLICK operates the interCLICK Network, a highly targeted contextual marketing network designed to balance the interests of publishers, advertisers and users. The interCLICK Network combines advanced contextual awareness technology with a large base of top tier publisher sites to create a highly effective advertising platform. interCLICK’s unique model delivers dramatically higher response rates than traditional ad networks, helping advertisers increase brand awareness, catalyze customer action and improve ROI on their advertising spend.

$5.60 (52wk Range: 4.54 – 6.49)

CarBiz Inc. (CBZFF: OTCBB),

Closes Funding Package of up to $111,975,000


the fourth largest Buy Here Pay Here car dealership chain in the United States, has announced that it has increased its credit facility with SWC Services LLC and AGM LLC from $30 million to a funding package of up to $111,975,000.The facility was used to acquire the 26 dealerships in seven Midwestern states of Astra Financial Services, Inc. and Calcars AB, Inc. in October 2007 (approximately $22 million), to finance CarBiz’s Texas business that it acquired on December 24 ($15 million to date) and to fund present operations and future growth.In the acquisition of the Texas business, the $15 million funded to date has been used to acquire approximately 1,500 used car and truck loans to spearhead CarBiz’s newly formed “Superstore” operation in Houston, Texas. In its “Superstore,” the typical vehicle will be financed by CarBiz at $15,000 with a four year term compared to $6,000 at its typical store.

In addition to funds that have been made available for present operations under the facility, another $4 million has been set aside to provide inventory financing for CarBiz and the remaining balance, approximately $60 Million, will be used for future growth if certain terms and conditions under the facility are satisfied.

CarBiz CEO Carl Ritter commented, “We know we have a solid business plan and others are starting to see it too. This significant financing package, which is non dilutive to our shareholders, tells everyone that we are definitely on the right track as we start the New Year.”

For complete details of the financing package, please review CarBiz’s 8-K filed December 31, 2007 with the Securities and Exchange Commission at

About CarBiz Inc.
Based in Sarasota, Florida, CarBiz owns and operates the nation’s fourth-largest chain of “buy-here pay-here” dealerships through its CarBiz Auto Credit division. The company is also a leading provider of software, training and consulting solutions to the United States automotive industry. CarBiz’s suite of business solutions includes dealer software products focused on the “buy-here pay-here,” sub-prime finance and automotive accounting markets. Capitalizing on expertise developed over 10 years of providing software and consulting services to “buy-here pay-here” businesses across the United States, CarBiz entered the market in 2004 with a location in Palmetto, Florida. CarBiz has added two more credit centers since – in Tampa and St. Petersburg – and recently acquired a large regional chain in the Midwest, bringing the total number of dealerships to 26 in eight states.

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