Stock Market Alerts: Special Alert and Coverage Issued for GYGC! June 4, 2008
June 04 2008 - 8:40AM
Marketwired
MIAMI, FL , AngloGold Ashanti (NYSE: AU), Kinross Gold
Corporation (NYSE: KGC).
Guyana Gold Corp. (PINKSHEETS: GYGC) has just issued important
news, and the company should have the attention of investors.
Yesterday, the company, a junior mineral exploration company,
issued a press release announcing purchases of underground mining
equipment made by Octagon Mining Corp., which Guyana Gold is in a
joint venture with.
Great news for GYGC, as according to the press release, this new
equipment will increase gold production by approximately 150 ounces
a month for a total production of over an estimated 250 ounces per
month. Guyana Gold Corp. President Eduard Aronov, said, " Our
investors and shareholders should be as pleased as I am with this
new equipment. It will bring our production up 150% within the next
30 days."
Last month, the company reported that it is in the process of
completing a non-brokered private placement, subject to market and
other conditions, of a $500,000 USD aggregate principal amount of
its common stock at $0.50 USD per share for a total of 1,000,000
shares. The company does not anticipate paying a finder's fee in
connection with this offering, which is expected to close by
mid-June 2008.
The proceeds of this offering will be used to fund the Company's
operations in Guyana, including, but not limited to, the company's
drilling and exploration program, purchasing additional mining
properties, entering into joint ventures, increasing production,
and sampling.
In other recent news, the company reported last month that it
has initiated the process of co-listing the company's shares on the
Frankfurt Stock Exchange. The process is expected to take
approximately 2-3 weeks. There are a substantial number of junior
resource and energy companies in North America that have chosen to
co-list their companies on the Frankfurt Exchange to help increase
their exposure and accelerate their business plans and Guyana Gold
Corp's management believes it may garner similar attention.
Guyana Gold Corp. President Eduard Aronov, said, "The Frankfurt
Exchange should have a major impact on the company's ability to
raise capital and to gain new institutional and private
shareholders. In our opinion, the European market has a large
appetite for the North American junior resource companies and we
feel that the time is right to expand into this market."
Before the news was released, GYGC closed Tuesday at Thirty Nine
cents a share.
For Stock Market Alerts' in-depth profile of Guyana Gold, visit
http://www.wallstreetenews.com/HotStocks/GYGC060308/default.aspx.
Other Stocks of interest yesterday were:
AngloGold Ashanti (NYSE: AU) down 0.3% on 2.4 million shares
traded. AngloGold Ashanti, one of the world's leading gold
producers, has a portfolio of long-life, relatively low-cost assets
with a variety of orebody types in key gold-producing regions
around the world.
Kinross Gold Corporation (NYSE: KGC) down 3.4% on 3.8 million
shares traded. Kinross is a Canadian-based gold mining company with
mines in the United States, Brazil, Russia and Chile, and employs
approximately 5,000 people worldwide.
The advertisement is provided by Wall Street Enews, a division
of Stock Market Alerts LLC, an electronic broadcaster and publisher
of this release, and hereafter referred to as "the company". The
company has not received compensation for services performed for
Guyana Gold Corp. (PINKSHEETS: GYGC). However, the company
maintains a contractual working relationship with Wall Street
Capital Funding (WSCF) which has been compensated Four Hundred
Thousand shares of Guyana Gold Corp, by a third party (Nikolas
Capital Inc.), who is non-affiliated and may hold a significant
position in the stock. WSCF holds all of those shares as of this
release, but intends to immediately begin selling its shares as
this release is being circulated. WSCF was also previously
compensated in 2008, Ten Thousand Dollars for services performed
for Guyana Gold Corp. (PINKSHEETS: GYGC), by a separate third
party, who is non-affiliated and may hold a significant position in
the stock, for services provided including dissemination of company
information in this release. WSCF holds no shares of the stock.
Because compensation was received, there is an inherent conflict of
interest in the company statements and opinions and such statements
and opinions cannot be considered independent.
The information contained in this press release is for
informational purposes only, and not to be construed as an offer to
sell or solicitation of an offer to buy any security. The company
makes no representation or warranty relating to the validity of the
facts presented nor does the company represent or warrant that all
material facts necessary to make an investment decision are
presented above. Stock Market Alerts LLC is an advertising company
and therefore, this release should be viewed for informational
purposes only.
The company relies exclusively on information gathered on the
public company, such as public filings, press releases and its web
sites. Investors should use the advertising information contained
in this release as a starting point for conducting additional
research on the public company in order to allow the investor to
form his or her own opinion regarding the public company. Factual
statements contained in this publication are made as of the date
stated and they are subject to change without notice. The company
is not a registered investment adviser, broker or a dealer.
Investing in the public company that this release is providing
service for should be reviewed as speculative and a high-risk and
may result in the loss of some or all of any investment.
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forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E the Securities
Exchange Act of 1934, as amended. The words "may," "would," "will,"
"expect," "estimate," "anticipate," "believe," "intend," and
similar expressions and variations thereof are intended to identify
forward-looking statements.
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