Hunt Gold Corporation -- Sale of Molybdenum Interests
Company Confirms the Sale of American Molygold CorpAug 26, 2008 1:27:00 PM
NEW YORK, NY -- (MARKET WIRE) -- 08/26/08 -- Hunt Gold Corporation (PINKSHEETS: HGLC) announces the sale of its "Molybdenum" interests held through its subsidiary company, American Molygold Corp.
The sale amount is US$620 million to be settled in shares of Common Stock of a USA quoted Company focussed exclusively on the business of Molybdenum. The sale will be completed upon the transfer of title of the various claims held by American Molygold Corp, to the Purchaser.
As announced on August 15, 2008, the Company announced that it intended to distribute all of the proceeds from the sale of American Molygold Corp to its stockholders; upon receipt of these proceeds. This Stock Dividend has been approved in writing by stockholders holding in excess of 75% of this Company's Common Stock, including the Private Equity Group which holds circa 31% of your Company's outstanding shares of Common Stock.
This will result in a Stock Dividend payout to stockholders valued at US$0.0021 per 1 (one) share of Hunt Gold Corporation Common Stock.
Stockholders will be advised once the "Record Date" and "Pay Date" of this Stock Dividend has been declared.
Hunt Gold Corporation intends to focus exclusively on the Exploration and Mining of its existing Gold properties. The Company does not need to place any shares for cash, nor does it need to retain any of the proceeds from the sale of American Molygold Corp; as it is funding the exploration of its Gold Mining interests through traditional Bank Mortgage Finance.
Molybdenum has become very important as demand for moly is tied to demand for steel used in the petroleum industry (e.g. drill pipe, pipeline construction), which will benefit from accelerated petroleum exploration and development in an era of high oil prices.
Firstgold Corp. Announces That It Has Received All Permits Necessary to Begin Production
Aug 26, 2008 10:20:00 AM
CAMERON PARK, CALIFORNIA--(Marketwire - Aug. 26, 2008) - Firstgold Corp. (TSX:FGD)(OTCBB:FGOC) announced today that it has received its Reclamation Permit from the Nevada Department of Environmental Protection, which completes its permitting process to fully revise the Plan of Operations and begin production at the Relief Canyon Mine. The permit is contingent on the company increasing its reclamation bond to $2.8 million bond with the BLM. The company has deposited the required amount and is awaiting the BLM's adjudication of the bond which it expects to receive by the end of this month. Upon completion of the bonding process, Firstgold will draw down on the second tranche of its recent financing for an additional net amount of $3.89 million (US).
This permit is the final step of a permitting process that has taken nearly 3 years to complete. This allows the company to begin construction of the new heap leach pad and completes the permitting for processing of ore at the Relief Canyon Mine. Construction of the new heap leach pad is scheduled to commence the week of September 1, 2008, and scheduled for completion by the week of October 15, 2008, at which time the company will begin stacking ore for processing. Firstgold plans to produce its first gold product between November 1 and November 15. Firstgold is optimistic that there will be no delays due to the adjudication of Firstgold's bond or weather related delays, although either could cause an adjustment to this schedule.
Steve Akerfeldt, Firstgold's CEO stated, "I am thrilled to have reached this stage. Our team has been working diligently to accomplish this goal, and we are pleased to finally move to the next phase."
Additionally, the company has recently received its Water Pollution Control Permit and Air Quality Permit, which allow for the construction and operation of the ADR Process Plant and crushing facility. Firstgold anticipates the completion of the process plant at the end of August, with the completion of the crushers shortly to follow.
Firstgold currently leases over 35,000 acres of prime exploration property in Nevada. Its principal project is Relief Canyon. The Relief Canyon mine has completed its permitting for production in the state of Nevada and the company is working to bring the mine into full operation by this fall. Relief Canyon is located outside Lovelock Nevada on the site of the previously producing Pegasus Gold Mine. Additional information about Firstgold Corp. can be found by visiting its web site at www.firstgoldcorp.com.
Expo Holdings, Inc. Completes Prototype Phase, Ships Initial Orders to Stanley
Aug 26, 2008 10:16:00 AM
NORTH WILKESBORO, NC -- (MARKET WIRE) -- 08/26/08 -- Expo Holdings, Inc. (PINKSHEETS: EXPH), a holding Company, which wholly owns D&D Displays, Inc., has completed prototype phase and has delivered first shipments to Stanley (The Stanley Works).
James D. Brown, Expo Holdings CEO, stated, "We are pleased to have delivered prototypes and now 8 completed displays to Stanley. The feedback has been very positive and we now expect to participate in a 2009 project of great size and scale. The company anticipates any orders this year will be light, however, we consider landing Stanley as a client as a major accomplishment."
Additionally, J.D. stated, "We believe our nation's retailers have what we call 'pent up demand' related to the recent economic slowdown. Fuel prices continue to drop and that's putting additional dollars in consumer's hands. We believe retailers will soon scramble for these extra dollars. Displays are an integral part of this process. That's a good thing for Expo."
Wiener Stadtwerke Group Upgrades all Services Websites to BroadVision Solution
Vienna's Largest Local Infrastructure Company Revitalises All Its Services Internet Sites Using BroadVision's Latest Technology to Modernize The Group Image and Lower Overall Operational Costs
Aug 26, 2008 9:00:00 AM
Copyright Business Wire 2008
REDWOOD CITY, Calif.--(BUSINESS WIRE)--
BroadVision, Inc., (OTCBB:BVSN), a global provider of strategic e-business solutions, today announces that Wiener Stadtwerke (www.wienerstadtwerke.at), a company with divisions for energy services, IT services, funeral services and the provider for largest local infrastructure services in Austria has upgraded and re-launched all existing sites to the BroadVision(R) Business Agility Suite(TM) (BAS) solution.
Following the upgrade of the Intranet to BroadVision BAS, WienIT (www.wienit.at), the central and universal IT provider of the Wiener Stadtwerke group, has re-launched in a strategic move all 6 of their existing sites on the latest version of the BroadVision Portal delivering 15 new independent services in one standardized platform. The underlying structure of this platform was modernized and updated to leverage the advantages and scalability of the BroadVision architecture enabling improved performance and a reduction in overall infrastructure and platform maintenance.
The project team's target was to re-launch in readiness for the EURO 2008 Soccer Championships to cater for the influx of international visitors as well as improving services for the citizens of Vienna (www.wienerlinien.at). The sites provide integration of payment services and overall media management via a central media database as well as introducing new design and usability concepts to enhance the overall user experience with particular focus on the energy services (www.wienenergie.at).
"It was imperative to ensure our business could grow and at the same time give us the flexibility that we need and BroadVision's latest solution gave us that edge," says Mr. Hans Tlapak, Project Manager of Wiener Stadtwerke Holding AG.
The Wiener Stadtwerke group now has a modern, highly usable platform that not only provides a solid foundation for the rapid deployment of future services and initiatives with re-usable features to lower the overall time-to-launch, but will immediately deliver reduced operational costs.
"We are pleased that Wiener Stadtwerke has grown so much over the years," concludes Andrea Rubei, Vice President and General Manager for Europe, Middle East and Africa of BroadVision. "Moreover, Wiener Stadtwerke and their IT services division, WienIT, is another proof point of the robustness of our solutions: flexible enough to adapt quickly to changing business conditions and scalable enough to grow to support a variety of services, customer interactions and product data."