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Sorry, should have posted the link instead, I guess. Deleting it wasn’t necessary however. It was from my bank site. It’s all yours my friend. I know what I have and what this company could become. Have fun; but deleting posts should be delegated to those that seriously warrant it. Not a great way to run a board.
Actually, I’ve noticed that you have deleted other posts concerning news as well; because of minor formatting issues I’m sure. Have fun talking to yourself and your alter ego.
Alda Pharmaceuticals shareholders pass AGM resolutions
2012-01-30 17:14 ET - News Release
Mr. Terrance Owen reports
ALDA AGM HELD ON JANUARY 27, 2012
Alda Pharmaceuticals Corp.'s annual general meeting of shareholders was held in Vancouver, B.C., on Jan. 27, 2012, at which:
The number of directors was set at five.
Five incumbent directors of the company, being Terrance Owen, Peter Chen, Linda Allison, Ronald Zokol and William F. McCoy were re-elected as directors of Alda for the coming year.
MNP LLP, chartered accountants, was appointed as the new auditor of Alda for the coming year, in accordance with the policies of the TSX Venture Exchange.
The company's rolling 2003 incentive stock option plan, as amended, was ratified for the coming year.
A consolidation of the company's common shares such that one new common share would be issued for every 20 old common shares outstanding, or such lower consolidation ratio as may be determined by the directors of Alda Pharmaceuticals, was approved.
We seek Safe Harbor.
Actually the meeting is tomorrow.
Janet, be careful on the SIOR board. There is a lot/some deception going on there in my experienced opinion. Take profit when the opportunity presents itself. I only say this because you seem to put a lot of weight behind a certain member's posts.
You wanted to buy 70,000 shares at 0.052... Next time let me know... I might be able to help you with that... By the way small trades do not necessarily mean manipulation; but if there are many of them in a row through out the day, then yes.
Quite the statement for sure. I have never known anyone who bought and sold a stock just to satisfy some psychological need. I personally trade stocks for the sole purpose of making money. Buying and holding any stock can be very unwise in this volatile economic climate; but I’m pretty sure most people are aware of that. Oh, and each to their own of course.
RUSTYOILCAN, a very legitimate concern. I also agree with you on the movement of this stock. Until the Sec filings are in order, all of the numbers bandied about here are pure speculation at best. Also the number of shares owned here are also just numbers. I could say that I own 5 million shares... I could say I am long this stock... I could say that I flip it daily or that I’m trying to manipulate the stock price... Is any of it true? Only I know for sure. When the Sec filings are all in order and we get news from the company we will then have some concrete information to go by. Until then I will play the highs and lows... Or maybe not.
Not what I expected for this stock; but at least I walk away with a small profit. :)
January 20, 2012 11:42 ET
Goldbrook Executes Support Agreement With Jilin Jien for Friendly $0.39 Per Share All Cash Offer
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 20, 2012) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Goldbrook Ventures Inc. ("Goldbrook" or the "Company") (TSX VENTURE:GBK) announced today that it has entered into a support agreement (the "Support Agreement") with Jilin Jien Nickel Industry Co., Ltd. ("Jilin Jien") pursuant to which Jilin Jien has agreed to make an offer, through a wholly-owned subsidiary, to acquire all of the outstanding common shares of the Company (the "Common Shares") for C$0.39 per Common Share and all of the outstanding common share purchase warrants for C$0.04 in cash for each common share purchase warrant that has an exercise price of $0.35 per Common Share (the "$0.35 Warrants") and C$0.14 in cash for each common share purchase warrant that has an exercise price of $0.25 per Common Share (the "$0.25 Warrants" and together with the $0.35 Warrants, the "Warrants") (the "Jilin Jien Offer"). The value of the Jilin Jien Offer is approximately C$100 million on a fully-diluted basis.
The Jilin Jien Offer represents a premium of approximately 59% to Goldbrook's closing share price of C$0.245 on the TSX Venture Exchange ("TSX-V") on January 19, 2012 and a premium of approximately 69% to Goldbrook's volume weighted average price of C$.222 on the TSX-V for the 20 trading days prior to the announcement of the Jilin Jien Offer.
"Jilin Jien is making an attractive offer to Goldbrook shareholders and warrantholders," said David Baker, Goldbrook's Chairman. "Following a thorough review of alternatives to maximize securityholder value, and in consultation with the Company's legal and financial advisors, the Board of Directors unanimously recommends that Goldbrook securityholders tender their Common Shares and Warrants to the Jilin Jien Offer."
Raymond James Ltd., financial advisor to the special committee (the "Special Committee") of independent directors of the Company, has provided a verbal opinion to the Special Committee and the Company's Board of Directors, that the consideration to be received by Goldbrook shareholders under the Jilin Jien Offer is fair, from a financial point of view, to Goldbrook's shareholders.
Goldbrook's Board of Directors, after receiving the recommendation of its Special Committee and, in consultation with its financial and legal advisors, has unanimously determined that the Jilin Jien Offer is in the best interests of the Company and its shareholders and warrantholders and unanimously recommends that Goldbrook's shareholders and warrantholders tender their Common Shares and Warrants to the Jilin Jien Offer.
The directors and officers of Goldbrook have entered into lock-up agreements with Jilin Jien and have agreed to tender all of their Common Shares and Warrants to the Jilin Jien Offer. There are approximately 16.5 million Common Shares and Warrants subject to lock-up agreements with Jilin Jien, representing approximately 6% of the outstanding Common Shares and Warrants on a fully-diluted basis.
The Support Agreement provides that the Goldbrook Board of Directors may under certain circumstances terminate the Support Agreement in favour of an unsolicited superior proposal, subject to the payment of a termination fee of C$3 million and subject to Jilin Jien's right to match such superior proposal.
Full details of the Jilin Jien Offer will be included in a takeover bid circular that is expected to be mailed to Goldbook securityholders on January 31, 2012. The Jilin Jien Offer will be open for a period of not less than 35 days from the date of mailing of the take-over bid circular and will be subject to certain customary conditions, including there having been validly deposited and not withdrawn at the expiry time of the Jilin Jien Offer that number of Common Shares which, together with any Common Shares beneficially owned or over which control or direction is exercised by Jilin Jien and its subsidiaries or any of their associates or affiliates (the "Jilin Jien Group"), constitutes at least 50% of the issued and outstanding Goldbrook Common Shares on a fully diluted basis plus one Goldbrook Common Share, and receipt of all required regulatory approvals, including approvals required from applicable governmental authorities in the People's Republic of China. The Jilin Jien Group holds 10,000,000 Goldbrook Common Shares, representing approximately 3.5% of the outstanding Common Shares on a fully-diluted basis.
Goldbrook's financial advisor is Raymond James Ltd. and legal counsel is Blakes, Cassels & Graydon LLP. Legal counsel to the Goldbrook Special Committee is McCarthy Tétrault LLP. Legal counsel to Jilin Jien is Gowling Lafleur Henderson LLP.
Jilin Jien has also agreed to lend C$2 million to Goldbrook as interim funding, pursuant to an unsecured non-interest bearing promissory note with a maturity date of December 31, 2012.
Jilin Jien, Goldbrook, Jien Canada Mining Ltd. ("JCML"), Jilin International Investment Ltd., Canadian Royalties Inc. and certain other parties have also entered into a litigation standstill agreement, whereby all parties have, subject to the completion of the Jilin Jien Offer or termination of the Support Agreement, agreed to take no further steps in the litigation and arbitration proceedings between them.
In connection with the transactions described herein, Goldbrook's two nominees on the JCML board of directors, David Baker and Brian Grant, have resigned from the JCML board of directors effective as of January 19, 2012.
ON BEHALF OF THE BOARD:
David Baker, Chairman and Director
We Seek Safe Harbor.
Cautionary Note Regarding Forward-Looking Statements
Certain of the statements made herein may contain forward-looking statements or information within the meaning of Canadian securities laws and the applicable securities laws of the United States. Such forward looking statements or information include, but are not limited to, statements or information with respect to the Jilin Jien Offer, the interim funding arrangements, litigation standstill agreement and related transactions, Goldbrook's plan for future exploration and development of its properties and the results of any arbitration proceedings against Jilin Jien and others.
Forward-looking statements or information are based on a number of estimates and assumptions and are subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward-looking statements or information. Should one or more of these risks and uncertainties materialize, or should underlying estimates and assumptions prove incorrect, actual results may vary materially from those described in forward looking statements or information. Factors related to such risks and uncertainties, and underlying estimates and assumptions include, among others, the following: the failure to satisfy the conditions to the Jilin Jien Offer, the ability of Goldbrook to advance development of its properties; price volatility of nickel and other metals; impact of any hedging activities, including margin limits and margin calls; discrepancies between actual and estimated production, between actual and estimated resources, and between actual and estimated metallurgical recoveries; mining operational risk; regulatory restrictions, including environmental regulatory restrictions and liability; risks of sovereign investment; speculative nature of mineral exploration; defective title to mineral claims or property, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. Accordingly, undue reliance should not be placed on forward looking statements or information. We do not expect to update forward-looking statements or information continually as conditions change, except as may be required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
January 20, 2012 11:42 ET
Goldbrook Executes Support Agreement With Jilin Jien for Friendly $0.39 Per Share All Cash Offer
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 20, 2012) -
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Goldbrook Ventures Inc. ("Goldbrook" or the "Company") (TSX VENTURE:GBK) announced today that it has entered into a support agreement (the "Support Agreement") with Jilin Jien Nickel Industry Co., Ltd. ("Jilin Jien") pursuant to which Jilin Jien has agreed to make an offer, through a wholly-owned subsidiary, to acquire all of the outstanding common shares of the Company (the "Common Shares") for C$0.39 per Common Share and all of the outstanding common share purchase warrants for C$0.04 in cash for each common share purchase warrant that has an exercise price of $0.35 per Common Share (the "$0.35 Warrants") and C$0.14 in cash for each common share purchase warrant that has an exercise price of $0.25 per Common Share (the "$0.25 Warrants" and together with the $0.35 Warrants, the "Warrants") (the "Jilin Jien Offer"). The value of the Jilin Jien Offer is approximately C$100 million on a fully-diluted basis.
The Jilin Jien Offer represents a premium of approximately 59% to Goldbrook's closing share price of C$0.245 on the TSX Venture Exchange ("TSX-V") on January 19, 2012 and a premium of approximately 69% to Goldbrook's volume weighted average price of C$.222 on the TSX-V for the 20 trading days prior to the announcement of the Jilin Jien Offer.
"Jilin Jien is making an attractive offer to Goldbrook shareholders and warrantholders," said David Baker, Goldbrook's Chairman. "Following a thorough review of alternatives to maximize securityholder value, and in consultation with the Company's legal and financial advisors, the Board of Directors unanimously recommends that Goldbrook securityholders tender their Common Shares and Warrants to the Jilin Jien Offer."
Raymond James Ltd., financial advisor to the special committee (the "Special Committee") of independent directors of the Company, has provided a verbal opinion to the Special Committee and the Company's Board of Directors, that the consideration to be received by Goldbrook shareholders under the Jilin Jien Offer is fair, from a financial point of view, to Goldbrook's shareholders.
Goldbrook's Board of Directors, after receiving the recommendation of its Special Committee and, in consultation with its financial and legal advisors, has unanimously determined that the Jilin Jien Offer is in the best interests of the Company and its shareholders and warrantholders and unanimously recommends that Goldbrook's shareholders and warrantholders tender their Common Shares and Warrants to the Jilin Jien Offer.
The directors and officers of Goldbrook have entered into lock-up agreements with Jilin Jien and have agreed to tender all of their Common Shares and Warrants to the Jilin Jien Offer. There are approximately 16.5 million Common Shares and Warrants subject to lock-up agreements with Jilin Jien, representing approximately 6% of the outstanding Common Shares and Warrants on a fully-diluted basis.
The Support Agreement provides that the Goldbrook Board of Directors may under certain circumstances terminate the Support Agreement in favour of an unsolicited superior proposal, subject to the payment of a termination fee of C$3 million and subject to Jilin Jien's right to match such superior proposal.
Full details of the Jilin Jien Offer will be included in a takeover bid circular that is expected to be mailed to Goldbook securityholders on January 31, 2012. The Jilin Jien Offer will be open for a period of not less than 35 days from the date of mailing of the take-over bid circular and will be subject to certain customary conditions, including there having been validly deposited and not withdrawn at the expiry time of the Jilin Jien Offer that number of Common Shares which, together with any Common Shares beneficially owned or over which control or direction is exercised by Jilin Jien and its subsidiaries or any of their associates or affiliates (the "Jilin Jien Group"), constitutes at least 50% of the issued and outstanding Goldbrook Common Shares on a fully diluted basis plus one Goldbrook Common Share, and receipt of all required regulatory approvals, including approvals required from applicable governmental authorities in the People's Republic of China. The Jilin Jien Group holds 10,000,000 Goldbrook Common Shares, representing approximately 3.5% of the outstanding Common Shares on a fully-diluted basis.
Goldbrook's financial advisor is Raymond James Ltd. and legal counsel is Blakes, Cassels & Graydon LLP. Legal counsel to the Goldbrook Special Committee is McCarthy Tétrault LLP. Legal counsel to Jilin Jien is Gowling Lafleur Henderson LLP.
Jilin Jien has also agreed to lend C$2 million to Goldbrook as interim funding, pursuant to an unsecured non-interest bearing promissory note with a maturity date of December 31, 2012.
Jilin Jien, Goldbrook, Jien Canada Mining Ltd. ("JCML"), Jilin International Investment Ltd., Canadian Royalties Inc. and certain other parties have also entered into a litigation standstill agreement, whereby all parties have, subject to the completion of the Jilin Jien Offer or termination of the Support Agreement, agreed to take no further steps in the litigation and arbitration proceedings between them.
In connection with the transactions described herein, Goldbrook's two nominees on the JCML board of directors, David Baker and Brian Grant, have resigned from the JCML board of directors effective as of January 19, 2012.
ON BEHALF OF THE BOARD:
David Baker, Chairman and Director
We Seek Safe Harbor.
Cautionary Note Regarding Forward-Looking Statements
Certain of the statements made herein may contain forward-looking statements or information within the meaning of Canadian securities laws and the applicable securities laws of the United States. Such forward looking statements or information include, but are not limited to, statements or information with respect to the Jilin Jien Offer, the interim funding arrangements, litigation standstill agreement and related transactions, Goldbrook's plan for future exploration and development of its properties and the results of any arbitration proceedings against Jilin Jien and others.
Forward-looking statements or information are based on a number of estimates and assumptions and are subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward-looking statements or information. Should one or more of these risks and uncertainties materialize, or should underlying estimates and assumptions prove incorrect, actual results may vary materially from those described in forward looking statements or information. Factors related to such risks and uncertainties, and underlying estimates and assumptions include, among others, the following: the failure to satisfy the conditions to the Jilin Jien Offer, the ability of Goldbrook to advance development of its properties; price volatility of nickel and other metals; impact of any hedging activities, including margin limits and margin calls; discrepancies between actual and estimated production, between actual and estimated resources, and between actual and estimated metallurgical recoveries; mining operational risk; regulatory restrictions, including environmental regulatory restrictions and liability; risks of sovereign investment; speculative nature of mineral exploration; defective title to mineral claims or property, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. Accordingly, undue reliance should not be placed on forward looking statements or information. We do not expect to update forward-looking statements or information continually as conditions change, except as may be required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Investment Industry Regulatory Organization of Canada Trading Halt – GBK
1 hour ago - ACQUIREMEDIA
VANCOUVER, Jan. 20, 2012 /CNW/ - The following issues have been halted by IIROC:
Company: Goldbrook Ventures Inc.
TSX-Venture Symbol: GBK
Reason: At the Request of the Company Pending News
Halt Time (ET): 9:20 AM ET
IIROC can make a decision to impose a temporary suspension of trading in a security of a publicly listed company, usually in anticipation of a material news announcement by the company. Trading halts are issued based on the principle that all investors should have the same timely access to important company information. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
Investment Industry Regulatory Organization of Canada Trading Halt – GBK
1 hour ago - ACQUIREMEDIA
VANCOUVER, Jan. 20, 2012 /CNW/ - The following issues have been halted by IIROC:
Company: Goldbrook Ventures Inc.
TSX-Venture Symbol: GBK
Reason: At the Request of the Company Pending News
Halt Time (ET): 9:20 AM ET
IIROC can make a decision to impose a temporary suspension of trading in a security of a publicly listed company, usually in anticipation of a material news announcement by the company. Trading halts are issued based on the principle that all investors should have the same timely access to important company information. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
In the volatile market of late, I would say that a 50% success rate is not too shabby. You say you don’t put much stock in these types of sites; but what can you believe in these days. I trade in some pretty pricey stocks that are fundamentally sound oil, gold, and silver producers and yet they are being manipulated to extremes for reasons only those manipulating them know for sure. All I can say is if you can’t beat them try and join them. Buy low and sell high. The recipe is simple; but sometimes the ingredients change.
That was me trying to drive the price down so I could get some cheaper shares. I might try again tomorrow or wait until next week. Have to wait and see how things unfold.
I know it's only $25.00; but why would anyone want to buy 250,000 shares of this company?
Those are some of the most juvenile comments that I’ve read in awhile on any board; but I guess I should not have expected better. Please try and get over yourselves. And I will say again that statements like “mortgaging the house” to buy shares in a company accomplishes nothing and I do not believe that even the greenest of newbie’s believes that sort of comment. Anyway I’m here to stay and have said what I believe to be true. If you choose to continue with your over the top statements I may or may not comment but I will do so if I think it is in the best interest of this stock and new potential investors; and I will say again that your childish comments are laughable, so don’t waste them on me.
Yes I know he has. He has knowledge of the oil industry. Ok, that could be in your favour or not... I appreciate most of his comments as well... How do you know what size of position I hold or how I trade for that matter...? You are only one person... I thank him as well for most comments... Last time I checked, most countries still allow freedom of speech and expression... Yes it could be the real deal, sell your business and mortgage your parent’s house... If you're not a pumper then stop making pumper statements...
If you want to scare people away from this stock, keep making comments like that and you will get your wish. "Back up the truck" and "to the moon" are one thing; but comments like the one you just made are not helpful or very informative to newbies thinking about getting on board. If I were thinking of getting in or was in as a first timer I would stay out or sell after reading that statement. IMHO
Yes, you forgot the gas. Maybe they will do some frack drilling. :)
I heard Troy is in Hawaii on a missionary undertaking to save the Hawaiians from their evil satanic surf board rituals. If he is a god fearing Christian then I am Satan’s spawn (aka the lost generation). LOL Give me a break, me thinks a fraudulent act is being perpetrated on the masses here for quit some time now. Stop giving this man your money for pete’s sake. He is probably spending it on hula dance lessons and Mai Tais. LOL
Well I made my decision, and so far it has been a good one... Time will tell... Here's hopping we all do well with this one to various degrees... As we all have different perspectives on how much risk we are willing to take and for how long...
Thank's for the interest and replies to my post...
What do you guys and girls think of SIOR's action lately. I bought a bucket load and am in the green by 102%, which is not much for a pinkie. Not sure if this is a pump and I should 1) sell 2) average up or 3) just buy more in a separate account. It sounds like the area that they are in could be black gold; but doesn't mean it is. I've been burnt by pinkies in the past; so I'm always wary. I'd be interested in someone’s technical advice. A private message would be nice. Not interested in any back up the truck advice. I’m new to this stock but not to trading. :) I'm making a decision soon!
What do you guys and girls think of SIOR's action lately. I bought a bucket load and am in the green by 102%, which is not much for a pinkie. Not sure if this is a pump and I should 1) sell 2)average up or 3) just buy more in a separate account. I'd be interested in your technical advice Surf. I'm making a decision soon! :)
This is the answer to my latest correspondence to Dr Owen.
Hello #####.
The news release, which is a formal announcement, states: "up to 20 times" or some lower level that the board decides. Consolidation is a common strategy under these circumstances.
The reason is as follows.
The minimum price at which any financing can occur is 5 cents. When trading fell below that level in May it was not possible to finance the company. To be reinstated by the Exchange, we need to demonstrate a plan whereby the company meets the Continuous Listing Requirements. Without a financing, it is unlikely that can be achieved. If the share roll back is accepted by the shareholders, it is more likely that financing can occur. If the roll back is not approved by the shareholders, the Company will likely end up on the NEX board from which it is much harder to be reinstated.
The AGM is scheduled for January 27 and the Information Circular will be distributed prior to that.
Management is recommending that the share consolidation be approved.
Regards,
Terry Owen
There's a Fan Club... Where do I sign up... Merry Christmas Drumstick! :)
Thank you and Merry Christmas to you Surf, Janet and all! I vote for World Peace as well! :)
You and me both! But I'll settle for a nice Christmas bonus although this will likely take a lot longer than a month to settle. I wonder if anyone else can get in on the bidding? :)
Avion's Hounde Property, Burkina Faso Returns Intercepts of 3.74 g/t Au Over 61.0 Metres and 4.86 g/t Au Over 38.5 Metres
1 hour ago - ACQUIREMEDIA
TORONTO, ONTARIO--(Marketwire - Nov. 22, 2011) - Avion Gold Corporation (TSX:AVR)(OTCQX:AVGCF) ("Avion" or the "Company") is pleased to announce results for an additional 23 holes drilled in 2011 in the Vindaloo zone area, Hounde Project, Burkina Faso (see Figure 1). Drill holes continue to demonstrate the continuity of the gold mineralization, both along strike and to depth and the open-ended nature of the mineralized system.
Highlights of the current drill program include the following intercepts:
-- 4.86 g/t Au over 38.5 metres;
-- 3.03 g/t Au over 35.2 meters;
-- 2.52 g/t Au over 47.0 metres;
-- 2.20 g/t Au over 30.4 metres;
-- 3.75 g/t Au over 44.9 metres;
-- 3.74 g/t Au over 61.0 metres;
Avion's recent drilling continued to focus on the core of the Vindaloo zone with the currently released additional holes testing an approximately 2,600 metre long portion of the Vindaloo trend (see figure 2). Within this area, the mineralized zones have demonstrated moderate to excellent continuity both along strike and to a maximum depth of approximately 225 metres. A summary of the current assay results is appended at the end of this news release.
John Begeman, President and CEO of Avion stated: "It is an exciting time for Avion shareholders and the Avion team with the planned near-term doubling of production at Avion's Tabakoto mine and continued success at Avion's Hounde and Kofi exploration projects. In management's opinion these two exploration properties have the potential to lead to new mines for Avion and an increased production profile. To that end, Avion is committed to advancing these projects in a timely manner and is planning an aggressive 2012 exploration program."
The Vindaloo mineralized system can be traced for approximately 3.85 kilometres, and likely up to 4.25 kilometres, along strike and remains open in all directions. Recent drilling has intersected mineralization for another 400 metres north of the previously released northern limit of the zone. Management believes additional potential for mineral resources occurs at the nearby Madras, Madras NW and Koho zones, all of which are open along strike and to depth and together strike for a total length of approximately 3.2 kilometres.
Don Dudek, Avion's Senior Vice President Exploration stated: "In addition to the in-fill drilling and results presented in this release, Avion has focused on extending the Vindaloo area zones along strike and towards the discovery of new zones. As expected, this work has led to a 400 metre strike extension to the Vindaloo mineralized system to the north, which is still open along strike and to depth. By extending the zone and looking to the discovery of new zones, Avion is providing more areas where we could potentially quickly build resources in a proposed 75,000 metre drill program in 2012."
The Vindaloo zones are hosted by an intensely sericite- and silica-altered mafic intrusion and similarly-altered, intensely sheared and altered intermediate to mafic volcanoclastics. The mineralization is often quartz stockwork-style and is weakly to moderately pyritic. The entire mineralized package strikes north-northeast and dips steeply to the west to vertical.
To date, 176 holes have been completed on the Hounde Property in 2011 with results returned for 171 of these holes. A program to infill the Vindaloo zone commenced in early July with about 85% of the initial, approximately 12,000 metre, program completed. One core rig is continuing to define extensions of the Vindaloo trend and test geophysical targets. Induced Polarization geophysical surveys are in progress to cover the inferred northern and southern strike extensions of the Vindaloo, Madras, Madras NW and Koho zones. Metallurgical testing of the Vindaloo area gold mineralized zones is in progress and an environmental/social baseline study is near complete.
Avion's 2011 US$ 16 million exploration program is nearing completion with 520 core and reverse circulation ('RC') holes totaling approximately 77,700 metres of drilling completed. Drilling completed consists of approximately 45,525 metres on Avion's Mali projects (Tabakoto and Kofi) and 32,350 metres on Avion's Burkina Faso property (Hounde). Currently there is a core drill rig active on the Hounde property and three surface core drill rigs, an underground core drill rig and an RC drill rig, active at the Tabakoto property. Resource updates, for both the Hounde and Kofi projects, are planned for release in late Q4, 2011.
Avion's procedures for handling core have been presented in previous news releases (See for e.g. Avion's News Release dated September 10, 2011). Assays presented in the attached table have been capped at 30 g/t Au.
Don Dudek, P.Geo., the Senior Vice President, Exploration of the Company and a qualified person under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.
Mining in Burkina Faso
The mining industry in Burkina Faso is growing at a rapid rate due to a combination of a stable elected democratic government, excellent geology and a competitive fiscal regime. Currently six gold mines are in production or development in Burkina Faso (Essakane - IAMGOLD Corporation, Mana - SEMAFO, Inata - Avocet Mining PLC, Youga - Endeavor Mining Corporation, Taparko - High River Gold Mines Ltd., Kalsaka - Cluff Gold PLC). In 2011, it is expected that Burkina Faso will become the fourth largest gold producing country in Africa. The country has legislated low taxes with a corporate tax rate of 20% for mining companies. The government is entitled to a 10% free carried interest and a competitive 3-5% sliding Royalty on gold production. Political and economic protests that occurred back in the spring of 2011 did not materially affect Avion's exploration program and no new issues of concern have since arisen.
To view Figure 1, please visit the following link: http://media3.marketwire.com/docs/avgcf1122fig1.pdf.
To view Figure 2, please visit the following link: http://media3.marketwire.com/docs/avgcf1122fig2.pdf.
About Avion Gold Corporation
Avion is a Canadian-based gold mining company focused in West Africa that holds 80% of the Tabakoto and Segala gold projects in Mali. Gold production commenced at these projects in 2009 with approximately 51,290 ounces produced. 2010 production was 87,630 ounces of gold. Production sustainability will continue to be supported and enhanced by an aggressive 2011 drill program over an approximately 600 km2 exploration package that both surrounds and is near to the Company's existing mine infrastructure. The current mineral resources estimate for the Tabakoto project demonstrates several sources of excellent grade open pit and good grade underground mineral resources thus providing significant flexibility for Avion's future mining plans. On July 5, 2011 Avion announced its initial proven or probable mineral reserve estimate of 7.24 million tonnes grading 3.92 g/t Au totaling 913,100 ounces of gold at the Tabakoto Project. Additionally, the 1,670 km2 Hounde exploration property in Burkina Faso continues to return promising results. These properties are subject to a current US$ 16 million dollar, approximate 75,000 metre, drill-focused, exploration program in 2011. Avion continues to progress towards its medium term goal of 200,000 ounces of gold per year and a longer term goal of organic growth through development of its exploration properties. The Company is developing an underground mine at the Tabakoto deposit, and is preparing to mine underground at the Segala deposit. Avion has a highly skilled management team, with a focus on growth and consolidation within West Africa.
Cautionary Notes
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the impact of the drilling results on the Company; statements with respect to the development potential and timetable of the Hounde project; the future price of gold; the estimation of mineral resources; conclusions of economic evaluation (including scoping studies); the realization of mineral resource estimates; the timing and amount of estimated future production, development and exploration; costs of future activities; capital and operating expenditures; success of exploration activities; mining or processing issues; currency exchange rates; government regulation of mining operations; and environmental risks. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to those risks described in the annual information form of the Company which is available under the profile of the Company on SEDAR at www.sedar.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
Summary of New Significant Drill Holes Results
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Mineralized Interval
------------------------
from to width Estimated Au Au
Hole # (m) (m) (m) TW (m) (ppm) (capped)
----------------------------------------------------------------------------
H-11-74 5.5 10.0 4.5 3.0 11.60 11.60
H-11-77 249.6 288.0 38.5 26.1 4.86 4.08
H-11-78 120.7 126.8 6.1 3.5 3.66 3.66
H-11-78 137.0 140.1 3.1 1.7 7.19 7.19
H-11-78 145.5 149.7 4.1 2.2 3.42 3.34
H-11-79 143.0 161.8 18.8 11.1 0.98 0.98
H-11-80 64.0 75.2 11.2 6.1 2.42 2.42
H-11-80 190.4 211.5 21.1 12.3 2.31 2.31
H-11-81 50.0 54.0 4.0 2.5 5.92 5.92
H-11-82 149.0 170.2 21.2 10.0 1.34 1.34
H-11-83 99.8 104.0 4.2 2.3 3.29 3.29
H-11-84 26.5 28.0 1.5 1.0 2.32 2.32
H-11-85 28.3 63.5 35.2 23.7 3.03 3.03
H-11-86 71.2 72.8 1.6 1.1 1.86 1.86
H-11-87 44.0 91.0 47.0 23.4 2.52 2.52
incl 44.0 67.0 23.0 11.5 3.69 3.69
H-11-88 151.0 163.1 12.1 7.2 3.10 3.10
H-11-88 181.6 212.0 30.4 18.7 2.20 2.20
H-11-89 81.0 89.3 8.3 4.4 2.00 2.00
H-11-90 82.0 109.0 27.0 14.2 2.11 2.11
H-11-90 124.0 156.0 32.0 16.9 1.62 1.62
H-11-90 167.2 171.0 3.8 2.0 3.74 3.74
H-11-91 118.0 162.9 44.9 20.8 3.75 2.86
H-11-92 84.0 145.0 61.0 36.1 3.74 3.74
H-11-93 23.5 27.0 3.5 1.9 1.80 1.8
H-11-93 158.5 160.0 1.5 0.9 1.56 1.56
H-11-93 196.6 197.2 0.6 0.4 3.97 3.97
H-11-94 107.4 112.7 5.3 3.8 1.44 1.44
H-11-94 144.2 145.0 0.8 0.6 7.24 7.24
H-11-95 160.5 186.3 25.8 17.7 1.00 1.00
H-11-96 46.0 57.0 11.0 7.7 3.36 3.36
H-11-96 96.3 98.3 2.0 1.4 1.27 1.27
H-11-96 120.0 130.1 10.1 7.3 2.28 2.28
H-11-96 173.0 175.0 2.0 1.5 1.67 1.67
H-11-96 203.0 203.7 0.7 0.5 1.32 1.32
H-11-96 205.7 207.0 1.3 1.0 1.56 1.56
H-11-98 311.8 312.0 0.2 0.1 1.32 1.32
H-11-98 315.7 317.0 1.3 0.9 1.73 1.73
H-11-99 178.0 180.0 2.0 1.1 8.09 8.09
H-11-99 251.0 252.0 1.0 0.6 2.83 2.83
H-11-99 255.0 256.0 1.0 0.6 1.13 1.13
H-11-99 258.0 260.0 2.0 1.2 2.46 2.46
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(i) Estimated true lengths are supplied when enough information has been
received. A good rule of thumb is that true lengths are 50% to 60% of
the length of the intercept.
(ii) Assays capped at 30 g/t Au
FOR FURTHER INFORMATION PLEASE CONTACT:
Avion Gold Corporation
Michael McAllister
Manager, Investor Relations
(416) 309-2134
info@aviongoldcorp.com
www.aviongoldcorp.com
Facebook: aviongoldcorp
Twitter: @aviongoldavr
Source: Avion Gold Corporation
Just thought that some of you might be interested in keeping an eye on this one! :)
Firearms Simulation Training Provider, VirTra Systems, Selects Strategic Advisor, Investor Relations Counsel & Investment Bank, The Miller Group
3 hours ago - ACQUIREMEDIA
TEMPE, AZ -- (MARKET WIRE) -- 11/17/11 -- Virtra Systems (PINKSHEETS: VTSI), a leading provider of firearms training simulation systems to military and law enforcement agencies, today announced it has selected The Miller Group of affiliated entities comprised of Miller Capital Corporation, a well respected management consulting and strategic advisory, investor relations and venture capital firm and Miller Capital Markets, LLC, a FINRA member investment banking firm, to assist the company with its goals to expand its business, hone its financial strategy and strengthen its investor relations program.
Bob Ferris, President and Chief Executive Officer of VirTra Systems, stated, "At VirTra Systems we have strived to be leaders in the simulation market and therefore it was extremely important for us to locate the right partner to assist us through current and future growth opportunities and taking our business to the next level. We are excited to have found that partner in The Miller Group, with its proven track record in working with public middle-market companies and its experienced, professional executives who truly understand the opportunities and challenges facing growth companies." Mr. Ferris continued, "We believe VirTra's future is bright and we think The Miller Group's addition will help propel VirTra to new heights."
Rudy R. Miller, Chairman, President and Chief Executive Officer of The Miller Group, commented, "We have monitored the progress of VirTra Systems for a few years and recently acquired shares in the open market through our venture capital entity. Our firm is extremely impressed with what Bob and his management team have been able to accomplish thus far and believe the company's products are setting the standard in the industry. Therefore, our firm is pleased to have been selected by VirTra Systems as its strategic and financial advisor, investor relations counsel and investment banker, as it is a distinctive company that has a number of compelling opportunities."
Mr. Miller continued, "Bob has made some strong additions to VirTra's executive management recently and we believe our firm now rounds out the VirTra team. We traditionally work with NASDAQ, NYSE Amex and NYSE public companies but believe this is a unique company. We are enthused to bring our firm's knowledge and experience to VirTra and look forward to assisting the management team in its efforts to maintain leading edge status in the simulation market and achieve greater heights through the implementation of new strategies and execution of those plans."
About VirTra Systems
VirTra Systems, Inc. is a global leading provider of the world's most realistic and effective small arms training simulators. VirTra is the higher standard in firearms training simulators, offering the only video-based 300-degree simulator platform and the patented Threat-Fire™ hostile return fire system. At VirTra, we believe that personnel entrusted with lethal force and critical missions require the very best training available.
Visit our website: www.virtra.com
Comments are based on current management expectations, and are considered "forward-looking statements," generally preceded by words such as "plans," "expects," "believes," "anticipates," or "intends." We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events.
VirTra and the VirTra logo are trademarks of VirTra Systems, Inc.
About The Miller Group
The Miller Group, headquartered in Scottsdale, Arizona, is comprised of several affiliate companies that offer a broad array of financial advisory and related services to public and private middle-market companies throughout the nation. In addition, The Miller Group has served as Title Sponsor of the Invest Southwest Capital Conference since 2006. A select group of past and present Miller clients include: America West Airlines, Inc., USAir Express, Bowlin Travel Centers, Inc., Capital Title Group, Inc., Legal Broadcast Network, McMurry, Inc., Ritz Carlton Magazine and Telgian Corporation.
Visit our website: www.themillergroup.net
Contact
Bob Ferris
President and Chief Executive Officer
VirTra Systems
bferris@virtra.com
Rudy R. Miller
Chairman, President & CEO
The Miller Group
virtra@themillergroup.net
www.themillergroup.net
VirTra Systems
7970 South Kyrene Rd.
Tempe, Arizona 85284
Tel (480) 968-1488
Fax (480) 968-1448
www.VirTra.com
Source: VirTra Systems
Thanks for the info! :)
Investment Industry Regulatory Organization of Canada - Trading Halt - ALDA PHARMACEUTICALS CORP - APH
3 hours ago - ACQUIREMEDIA
VANCOUVER, Nov. 7, 2011 /CNW/ - The following issues have been halted by Investment Industry Regulatory Organization of Canada (IIROC):
Issuer Name: ALDA Pharmaceuticals Corp
TSX-V Ticker Symbol: APH
Time of Halt: 8:33 E.S.T.
Reason for Halt: Cease Trade Order
Investment Industry Regulatory Organization of Canada - Trading Halt - ALDA PHARMACEUTICALS CORP - APH
3 hours ago - ACQUIREMEDIA
VANCOUVER, Nov. 7, 2011 /CNW/ - The following issues have been halted by Investment Industry Regulatory Organization of Canada (IIROC):
Issuer Name: ALDA Pharmaceuticals Corp
TSX-V Ticker Symbol: APH
Time of Halt: 8:33 E.S.T.
Reason for Halt: Cease Trade Order
Ok who sells 5000 shares at say 0.015 profit? If my math is right, that would be $75.00 before fees. If someone is trying to recoup their losses, it will take a hell of a long time at that rate! :)
Well I certainly plan on keeping in touch with him; and I am intrigued by his comment about "We are working on arrangements for ALDA that will bring the most benefit to shareholders in these terrible economic times." Not sure what that means; but I will be staying tuned and hoping for the best for all of us. I may even buy some more if I start to see a steady improvement in the volume. Have a good evening and I hope the turmoil down under is not causing you much pain. Go "Occupy Wall Street" Go! :)
This is in answer to another email that I sent today concerning a question that I forgot to ask in my earlier email. This was from his gmail account.
Hello #####.
Due to the disclosure rules for public companies, we cannot provide specific information that is not already disclosed. It was particularly difficult for us to see our sales of the hand sanitizer drop from nearly a $1 million in one quarter to virtually zero particularly when everyone who uses the product likes it so much better than competing products. This experience is like a death in the family and it has been very hard on me personally and financially. We are working on arrangements for ALDA that will bring the most benefit to shareholders in these terrible economic times. As I commented in my earlier e-mail, I have been through tough times before but I have never seen such a simultaneous collapse of sales of a product line and the stock market.
As for Seavan, we still have an agreement in place but due to the market, it is obviously on hold.
Regards,
Terry Owen
I will not post my email to Dr Owen suffice to say that it was rather harsh; but below was his answer, and I can only say that it was good of him to reply.
Your e-mail below was passed on to me. I have responded to both e-mail addresses provided.
We can only report news as it happens, such as the recent announcement about the new NPN for hydrocortisone ointment.
As disclosed in recent quarterly reports, the market for hand sanitizers, which had been our main source of revenue during the 2010 fiscal year, dropped unexpectedly and precipitously during 2011. Other producers have faced the same problem.
The global financial turmoil has affected small cap companies particularly severely, even those in the gold sector. This has led to lower share prices and a shortage of capital.
The company has developed a significant portfolio of intellectual property and we are working very hard on pulling the company through these difficult times and are seeking to regain value for shareholders from this asset.
Having been in public companies since 1987, I can comment that the these are the most difficult times that I have seen despite having survived many previous downturns.
Regards,
Terry Owen
--
Full contact info:
Terrance G. Owen, Ph.D., M.B.A.
President & CEO
ALDA Pharmaceuticals Corp.
(APH:TSX-V, OTCBB:APCSF)
170 - 4320 Viking Way
Richmond, BC V6V 2L4
604-521-8300 Ext. 207 Phone
604-521-8322 Fax
1-866-521-ALDA (2532)
owen.terrance@gmail.com
www.aldacorp.com
Keep an eye on SXL, it may be getting ready for a big move again.
"SLAM cuts 14.8 m core interval of massive sulphides at Nepisiguit - possibly most significant VMS intercepts in Bathurst region in a decade!" posted on twitter by Brian Jones
http://www.slamresources.com/PDF/SLAM-11-Oct14_DDH_Nep.pdf
I was going to give you a much more detailed reply to your answer to my question; but being as my post was deleted, I will just say thank you and watch for now.
Hell, I believe, has froze over in the past. :)
You might want to check KNE's NR today. They sound a lot like APH. Maybe they have a better marketing team in place. Might be able to recoup some losses there. I have decided to take a small position for now and keep a close watch on their accomplishments if any. Hey maybe they could get together with APH and actually make some progress/money. :)