Full Text Posts Of Front Page Stories and Blog Posts On AGORACOM

Sponsored
Message: AGORACOM Small Cap TV - April 20th - Highlights

Good morning to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on AGORACOM Small Cap TV this morning. It’s April 20, 2011, and we’ve found 3 great press releases to report on at the open. Another great day for small-cap and micro-cap financial news. To watch the show live every morning at 9:30 AM, visit our front page.

Crosshair Recovers 314 Ounces of Gold from Golden Promise

Crosshair Exploration & Mining Corp.(TSX:CXX)(NYSE Amex:CXZ)

is pleased to announce that the final results from the trenching and bulk sampling program carried out on the Golden Promise Property in central Newfoundland, Canada have been received. The Property is a Joint Venture with Paragon Minerals Corporation (TSX VENTURE:PGR), whereby Crosshair currently owns 60%. The purpose of the program was to determine the recoverability of the gold and to accurately determine the quantity of gold in a portion of the deposit.

A total of 2,174 tonnes (t) were delivered to the Nugget Pond Mill in Baie Verte, Newfoundland owned and operated by Rambler Metals and Mining Canada Limited (AIM:RMM)(TSX VENTURE:RAB). Two gold bars weighing 5.37 kilograms (kg) were poured and shipped to Johnson Matthey Limited ("Johnson Matthey") in Toronto for refining. In addition to the bars, the ball mill and SAG mill were cleaned out and 482.5 kg of concentrate were also shipped to Johnson Matthey for treatment and refining.

After refining, the bars and the mill concentrate produced a total of 313.59 ounces of gold and 23.05 ounces of silver which were sold for net receipts of CDN$430,001.85 after treatment charges

About Crosshair

Crosshair is a prominent player in the exploration and development of uranium, vanadium and gold in the US and Canada. Its flagship projects, Bootheel and Juniper Ridge, are both located in uranium mining friendly Wyoming. Bootheel has exceeded the minimum mining threshold and with its in-situ mining potential, is designed for near term production. The CMB Uranium/Vanadium Project is located in Labrador, Canada and has four currently defined resources - C Zone, Area 1, Armstrong and Two Time Zone. The Crosshair team is comprised of knowledgeable and experienced professionals with both exploration and mining backgrounds.

Last Sale: 0.93 52 Week Range: 0.10 - 2.80 Market Cap: 44.25M

Link to hub

Foundation Resources and Alto Ventures Drill 10 g/t Gold; Expand Main and East Zones at the East Coldstream Deposit, Northwestern Ontario

Foundation Resources Inc. (TSX VENTURE: FDN)

announce the results of three holes from the Main and East zones of the East Coldstream Deposit ("Deposit") on their Coldstream Property ("Property") in northwestern Ontario.

Key Point Summary:

--The Main and East zones of the East Coldstream Deposit are expanded by

180 and 120 metres, respectively and these drill results will be

included in the upcoming NI 43-101 resource estimate.

--10.0 g/t gold over 4.0 metres within 13.0 metre-wide zone averaging 3.49

g/t gold - Main Zone

--5.16 g/t gold over 2.0 m and 1.14 g/t gold over 10.0 within 56.0 metre-

wide zone averaging 0.50 g/t gold - Main Zone

--4.7 g/t gold over 2.0 m and 2.03 g/t gold over 2.0 m within 44.0 metre-

wide zone averaging 0.53 g/t gold - Main Zone

--1.29 g/t gold over 13.05 m and 1.12 g/t gold over 12.0 m within 42.55

metre-wide zone averaging 0.93 g/t gold - East Zone

About Foundation Resources Inc.

Foundation is a mineral exploration company focused on exploration and development of high potential gold properties in Canada and Mexico. Its Coldstream Property is located in the Western Superior geological province of the Canadian Shield, which is noted for hosting prolific gold deposits in Ontario, Canada. The San Rafael property is located approximately 150 km northwest of Durango in the Durango State, Mexico.

Last: 0.215Range: 0.60-0.215Market Cap: 7.3 Million

Link to hub

Calmena Announces $25 Million Bought Deal Financing

Calmena Energy Services Inc CEZ

is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Peters & Co. Limited (the "Underwriters") to issue, on a bought deal basis for resale, 50,000,000 common shares ("Common Shares") at a price of $0.50 per Common Share for aggregate gross proceeds of $25,000,000 (the "Offering").

Calmena has also granted the Underwriters an option (the "Over-Allotment Option") to purchase up to an additional 7,500,000 Common Shares at a price of $0.50 per Common Share for additional gross proceeds of $3,750,000 exercisable at any time, in whole or in part, for a period of 30 days following closing of the Offering. The Common Shares issuable on exercise of the Over-Allotment Option shall be issued on the same terms and conditions as the Offering.

Proceeds of the Offering will be used to temporarily reduce indebtedness, fund the Company's ongoing capital program and for general corporate purposes.

ABOUT CALMENA ENERGY SERVICES INC.

Calmena is a diversified energy services company that provides well construction services to its customers operating in Canada, the United States, Latin America and the Middle East and North Africa. The Common Shares of Calmena trade on the Toronto Stock Exchange under the symbol "CEZ".

Last: 0.57Range: 1.10-0.50Market Cap: 137.5 Million

Link to hub

Share
New Message
Please login to post a reply