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(Marketwire) -- 12/04/08 -- Hunt Gold Corporation (PINKSHEETS: HGLC) confirms that it is contemplating the listing of the Company's shares of Common Stock on a European Stock Exchange; as well as on the on the US OTC Pink Sheets Market. The Company has been working on this strategy with European Brokers and this plan will be coupled with these Brokers purchasing a substantial quantity of the Company's shares in the Open Market.
The Company, should it proceed with this plan, would be quoted on the OTC Pink Sheets and on a European Stock Exchange. This would bring in a substantial amount of new investors and introduce the Company to European markets. Stockholders would be free to trade their stock in either US Dollars or in Euros.
The Company is proceeding with its planned strategy of becoming "Reporting" with the SEC with a planned move thereafter; to the OTC BB market in the United States.
The Dual listing of the Company's shares of Common Stock in Europe would significantly reduce the "free float" of the Company's shares of outstanding stock in the United States as this Dual Listing will be coupled with a placement of these "free trading" shares with various European brokerage Houses.
Should the Company elect to proceed with this Dual Listing in Europe, the Company's European Corporate Finance Advisors and Brokers are confident that this will be achieved early in January of 2009.
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Lookout Silver," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal." The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders, this to be announced shortly.
This release contains "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 and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
--------------------------------------------------------------------------------For further information contact:
Mr. Michael G Saner
Hunt Gold Corporation
E Mail: Email Contact
Telephone: (954) 840-6956
(Marketwire) -- 12/03/08 -- Hunt Gold Corporation (PINKSHEETS: HGLC) confirms the status of outstanding issues to its stockholders:
1. CONFIRMATION OF NO REVERSE SPLIT:
The Company confirms that it will not be effecting any Reverse Split of its shares of Common Stock whatsoever. Many stockholders have inquired if this was intended; the Company can confirm that this will not be contemplated. A Reverse Split of this Company's shares Common Stock will definitely not be in stockholder interests and given the Company's expedited Drilling and Exploration Program, to commence within days; coupled with numerous other positive developments to be announced over the next few months, the Management of your Company is very confident that the Company's stock price will recover to realistic price levels fairly rapidly.
2. CORPORATE WEB SITE:
The Company is completing last minute additions to the site and is working with various specialist third party providers for "live feed" to the web site. The Company expects this web site www.huntgoldcorp.com; to be "live" very shortly.
3. INVESTOR RELATIONS:
As previously announced, the contact details of the Company's new Investor Relations Company, whom will interact with Investors, will be announced simultaneously with the launch of the Company's web site. The Company is very confident that investors will be in a position to obtain all necessary and relevant data from the new Corporate web site and that the role of the Investor Relations company will be far better served by the launch of the Company's web site.
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Lookout Silver," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal." The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders, this to be announced shortly.
This release contains "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 and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
--------------------------------------------------------------------------------For further information contact:
Hunt Gold Corporation
E Mail: Email Contact
Telephone: (954) 840-6956
Contact: Mr. Michael G Saner
Filled at .0005 now bidding at .0004 Yes need some MORE.
I hope it goes lower, I am ready to buy large at .0004 and .0005. Lets GO!
Ya right, the company went to all this work to sell $30,000 or $40,000 worth of stock. I have been in and out of this stock for over 2 years now, there was a large NSS in paivis after the RM with Jupiter Global. I think we are setting up for a good run in this. IMHO
About Paivis, Corp.
Paivis Corp is a leading provider of prepaid and stored value telecommunications solutions. Founded in 2006, Paivis Corp. was successful in acquiring a major prepaid company established in 1998. Paivis focuses on creating lines of prepaid products and services, including over 10 brands and a distribution network of over 8,000 storefronts with access to more than 230 countries.
From long distance to cash debit cards, Paivis Corp provides the technology platform that facilitates successful delivery of a myriad of prepaid products and services to end-users throughout the world.
Paivis Corp has developed dynamic, innovative products to further its growth. The complete Paivis Corp product suite includes Prepaid Calling Cards, Prepaid Wireless and Stored Value Card.
The Paivis Corp team is dedicated to providing the most economical prepaid solutions with the highest level of support to our customers.
With experienced leadership, an entrepreneurial focus and the power of Paivis Corp's global network, the Paivis Corp family of products is positioned to carry the company strongly into the future.
Corporate
Edwin Kwong - Interim President, CEO & CFO
Mr. Kwong has over five years of experience as a public company CFO, and over ten years of experience as a management consultant to small growing Companies, both public and private. He has worked as a consultant for Hopewell Holdings, Manulife Financial, Ernst & Young in Asia, and with Intria Items Inc., a financial technology company. Mr. Kwong previously served as a consultant to Paivis, Corp. and various subsidiaries. His experience and background in finance and project management has helped his clients navigate through difficult growth phases. Mr. Kwong has a Bachelor of Commerce from the University of British Columbia, and a Graduate Diploma in Asian Management from Capilano College.
Products
Prepaid Phone Cards
Our card programs require no upfront investment & deliver enormous revenue opportunities to retailers and distributors. Our customized solutions offer a high value-proposition for corporations and organizations wishing to add worth to their realm of benefits.
For Consumers
With rechargeable cards, the best international and domestic rates plus the highest connection quality available today, PaivisCorp issues thousands of prepaid phone cards every day.
For Retailers
Whether you're adding to an existing phone card program, or just starting one, PaivisCorp has the solution. We can offer you a broad array of products and design options as well as custom-made solutions. In addition, all of our products deliver enormous revenue opportunities!
Comprehensive suite of phone cards, wireless offerings and stored value products
POSA Terminal Solutions
Fully-customizable card designs
Eye-catching point-of-sale materials, sample cards & sales collateral
Promotional expertise - sales incentives and seasonal promotions
Best discounts in the business
Wholesale International VoIP Termination
Paivis Corp provides VoIP termination to over 160 global destinations, with a strong focus on Central & South America.
All Rates are billed in 6 second increments
No minimum volume commitments
Prepaid Mobile Phone Service
Through a strategic partnership with O Mobile, Paivis Corp can offer the most competitive prepaid mobile service packages available today. All of our mobile plans come with unlimited nights & weekends-starting with a $39.99 plan which includes 300 daytime minutes, unlimited nights & weekends, free long distance calling, free roaming, free caller ID, free activation and no monthly bills! The service is available nationwide.
For more information,
please visit the Paivis, Corp. web site at: http://www.paivis.com
Pink Sheets: http://www.pinksheets.com
(Full Disclaimer Applies
(Marketwire) -- 12/02/08 -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) CEO William Petty returned to Santa Cruz, Bolivia on Sunday, November 30, 2008, before traveling to Buenos Aires, Argentina. In Santa Cruz, Mr. Petty met with Franklin Mining, Bolivia managers and consultants to review plans and schedules for accepting delivery of capital equipment designated for use at the Escala Mine. Mr. Petty also had an opportunity to evaluate the status of Franklin's Escala joint venture following staff reorganizations implemented in November 2008. Meetings scheduled later this week in Buenos Aires will provide Mr. Petty the opportunity to personally review the status of Franklin's pending contract for constructing a GTL facility in the Province of Tierra del Fuego, Argentina.
About Franklin Mining, Inc: Franklin Mining, Inc. has mining and energy interests in the United States and Bolivia as well as energy interests in Argentina. Franklin Mining, Bolivia is a wholly owned subsidiary. Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas International S.A. Additional information is available at www.FranklinMining.com.
DISCLOSURES: "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in Franklin Mining, Inc.'s filings with the Securities and Exchange Commission. These risks could cause Franklin Mining, Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Franklin Mining, Inc.
For further information, please visit our website (www.FranklinMining.com) or contact our Investor Relations firm, A. S. Austin & Company, 702-386-5379.
--------------------------------------------------------------------------------Contact:
Investor Relations
A. S. Austin & Company
702-386-5379
Source: Franklin Mining, Inc.
Company web site--
http://www.exactenergy.us/index.html
(Marketwire) -- 12/01/08 -- Hunt Gold Corporation (PINKSHEETS: HGLC) addresses certain key issues:
1. CORPORATE WEB SITE:
The Company expected the launch of its Corporate site this morning,
however this will not be possible as certain vital content is not as
yet completed. The Corporate web site will be "live" very shortly. The
Company promises that it will be extremely comprehensive and informative
and your Company's Management believes that it will be considered as
"Cutting edge" insofar as the Company's web site will contain "live
market feed" and other fairly innovative features.
2. APPOINTMENT OF IR FIRM:
The Company together with its new IR Firm believes that the announcement
of the IR firm and its contact details for investors should be announced
simultaneously with the Company's web site going live.
3. JOINT VENTURE STOCK PURCHASES:
The Company and its Mining Fund Partnership (the Joint Venture) will
commence purchases of the Company's stock in the market, upon the
Company's web site going live. It is considered inappropriate for this
Joint Venture to purchase shares of the Company's stock prior to all
information on the Company being available to stockholders through the
Corporate web site.
4. DRILLING ON "MOCKINGBIRD" GOLD PROPERTY:
The Company can confirm that the drilling, as previously announced, is
on schedule and the commencement dates remain unaltered. The Company
will commence with drilling updates and Assay Results late next week.
This is considered to be of paramount importance to the Company at this
time.
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Lookout Silver," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal." The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders, this to be announced shortly.
This release contains "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 and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
--------------------------------------------------------------------------------For further information contact:
Hunt Gold Corporation
E Mail: Email Contact
Telephone: (954) 840-6956
Contact: Mr. Michael G Saner
Source: Hunt Gold Corporation--------------------------------------------------------------------------------
A broker friend of mine told me once, that the MM's can do anything they want, regarding the bid, ask of a stock
Good time to buy more, the company is doing what it said it would, be positive, we will get share price improvement soon and our investment will pay off.
Why not look at the positives rather than negatives, web site gives more information, a good thing!
Web site active next monday GREAT NEWS!
(Marketwire) -- 11/25/08 -- Hunt Gold Corporation (PINKSHEETS: HGLC) announced that it had formed a Joint Venture with a small but very active Mining Fund to purchase shares of this Company's shares of Common Stock in the market.
RATIONALE FOR THE JOINT VENTURE STOCK PURCHASES:
The Company's stock price is at this time significantly undervalued and the Management of your Company is of the opinion that given the extremely positive developments and immediate implementation of the Company's strategy, coupled with the Company's strength growing at a rapid rate fuelled by both rapidly rising Gold prices and aggressive exploration by the Company; the stock price will correct itself in the fairly short to medium term.
The Company has watched 70% of its market capitalization disappear over the past few weeks based upon endless selling of your Company's stock by forced Sellers; it presents a significant opportunity for the Company to make short to medium term investment profits which will serve to increase your Company's cash reserves over the short to medium time based upon these investment profits.
JOINT VENTURE COMPANY INVESTMENT STRATEGY:
The Joint Venture will utilize surplus cash to purchase shares of its Common Stock in the market as an Investment. These shares so purchased will be held in Treasury and will not be cancelled.
The Joint Venture intends to sell these shares in the market and what Management believes will be at a substantial profit; and at such time as the Company's stock price corrects itself to more reasonable and accurate prices; these being considerably higher than at present.
The Joint Venture is not purchasing these shares of its Common Stock in the market to increase the Company's stock price; this is a short to medium term investment as far as the Company and its Mining Fund Partner are concerned. Management wishes to stress that it will not be cancelling these shares of its Common Stock purchased in the market and intends to purchase shares of the Company's Common Stock as an investment, and solely based upon the prevailing weak and undervalued share price of the Company's shares of Common Stock. At no time does this Company intend to state as to what price it is prepared to pay for its shares in the market; nor at what price it will take profits on these purchases of its own shares.
This is considered to be a fairly short term opportunity upon which the Joint Venture intends to capitalize upon. The Joint Venture will not disclose the amount of shares which it intends to purchase as this will be wholly dependent upon the price of the Company's shares offered in the market from time to time and at the discretion of the Management of your Company and its Joint Venture Partner.
RATIONALE FOR FORMING THE JOINT VENTURE:
The Company was approached by a small but very active Mining Fund to work with the Company on these stock repurchases. The Company has formed a Joint Venture with this Mining Fund on a 50/50 profit sharing and equity basis to operate and manage these purchases and subsequent sales of the company's stock.
Your Company's Management is of the opinion that this Mining Fund has the necessary expertise in this area; are in a position to obtain maximum leverage and/or Margin for this trading; and are in a position to obtain the lowest brokerage commission rates. These factors will greatly increase the Company's profits from these share purchases and subsequent sales; and most importantly has resulted in a much more significant amount of funds being available for these stock purchases.
CONDITIONS PRECEDENT ON STOCK PURCHASES BY THE JOINT VENTURE:
The Company and the Mining Fund announced that they will commence purchases of your Company's shares of Common Stock through the new Joint Venture at such time as all significant and material facts are disclosed to our stockholders, namely:
-- The Announcement of the details and scope of the Drilling Programme
and the Announcement of the appointment of the Drilling Contractor; and
-- The Announcement of the confirmation of the drilling to commence this
year; and
-- The Announcement of the appointment and full details of the Project
Manager; and
-- The Announcement of the appointment of the Company's new IR Firm and
their contact information; and
-- The Announcement with full details concerning new Board appointments;
and
-- The web site with all vital investor information on the Company going
"live."
The only above-mentioned events not yet announced to date, are the Corporate web site for your Company going "live" and the details of your Company's new IR firm; these will be announced jointly on Monday December 1, 2008 and prior to "Market Open" on that date.
As of that date, all stockholders will be in a far better position to decide whether to buy, hold or sell their shares of the Company's Common Stock, prior to the JV purchasing these shares in the market.
Your Company's Management considers it inappropriate for the Joint Venture to purchase shares of your Company's stock ahead of the all facts being made available to our stockholders.
The Joint Venture will immediately commence with its purchases of your Company's shares of Common Stock upon the Corporate web site for your Company going "live" and the details of your Company's new IR firm being announced.
JOINT VENTURE STOCK PURCHASES TO DATE :
The Joint Venture identified a persistent and forced Seller of your Company's stock. The Joint Venture purchased an amount of 156,983,000 shares of your Company's Common Stock from this Seller, and at a price of US$0.00035 per share. This purchase by the Joint Venture was transacted "off the market" to eliminate brokerage costs and to avoid the distortion of the Company's trading volumes.
The Seller was being forced to dispose of these shares due to financial pressures beyond its control and was made fully aware that if it was able to hold these shares of your Company's Common Stock for a period of time, it would achieve a far greater price per share.
DISCLOSURE OF JOINT VENTURE TRANSACTIONS:
The Company undertakes to provide its stockholders with details of its stock purchases on a fortnightly basis, this being on a voluntary basis due to your Company being a "Non Reporting Company" at this time and therefore has no duty to disclose its stock purchases, nor its sales and profits on these stock purchases.
Upon your Company becoming a "Reporting Company" with the SEC, the Company will file the appropriate disclosures.
The Company will provide full details of all its transactions in your Company's stock by the Joint Venture; on the Company's Corporate web site.
GENERAL NOTES:
The Company remains fairly confident that it will be in a position to accumulate substantial amounts of stock at the current very low stock price levels as it appears that there are significant sellers at these current price levels; based upon our observations of the past few weeks' trading patterns in the market.
Stockholders are advised that this may not be case and these Sellers may well have exhausted their stockholdings in your Company very shortly; and in that event, the Joint Venture may very well pay significantly higher prices per share of your Company's Common Stock than the current trading prices of your Company's stock.
The Company will account for these profits as an Extraordinary Item in its Financial Statements.
Your Company is in a financial position to transact these purchases due to significant Loan facilities granted to the Company; these facilities to be replaced by an initial US$5 million obtained through a traditional Bank Mortgage over the Company's "Mockingbird" Gold Project, in January of 2009.
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Lookout Silver," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal." The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders, this to be announced shortly.
This release contains "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 and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward- looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
--------------------------------------------------------------------------------For further information contact:
Hunt Gold Corporation
E Mail: Email Contact
Telephone: (954) 840-6956
Contact: Mr. Michael G Saner
Source: Hunt Gold Corporation--------------------------------------------------------------------------------
Public Companies Associated with this story:
(OTC: HGLC)
(Marketwire) -- 11/21/08 -- Paivis, Corp. ("Paivis" or the "Company") (PINKSHEETS: PAVC) is pleased to announce that the Special Dividend declared yesterday is planned to pay approximately $.003 per Special Dividend Share to all shareholders of record on Friday, December 5, 2008. The dividend program on an annualized basis is planned to pay approximately $0.012 per Special Dividend Share, based on quarterly declarations of the Special Dividend.
The Company anticipates it will execute a pay date for the Special Dividend in January 2009. It also plans to continue to pay this dividend on a quarterly basis based on net income. The Company estimates that as of yesterday's close of $.0008, the annualized yield would be approximately 150%.
Mr. Sands, CEO of Paivis, commented: "We are pleased to show our shareholders we are committed to building value for them during these difficult financial times. We also anticipate as we continue to grow our Company and its profits, this quarterly dividend would increase accordingly."
The amount of cash payments per Special Dividend Share in this press release are based on plans and net income estimates that the Company has for its dividend program and the Company believes it can execute successfully on these plans. Certain details of the Special Dividend can be found in the Company's press release of yesterday and further details of the Special Dividend will be provided as they are finalized.
About Paivis, Corp.
Paivis, Corp. is a wholesale telecommunications carrier that sells prepaid "point-of-sale activated" and live cards. Paivis generates its revenues through the sale of prepaid calling cards and wireless services, and international wholesale termination. Products are sold throughout many of the country's major retail outlets.
Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 (the "PSLRA") provides a "safe harbor" for forward-looking statements so long as those statements are identified as forward-looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in such statements. Statements contained herein that are not based on historical fact, as well as other statements including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "could," and other similar expressions, constitute forward-looking statements under the PSLRA. Paivis intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause Paivis actual results, performance or achievements to differ materially from current expectations.
--------------------------------------------------------------------------------Contacts:
Paivis, Corp.
Phone: 404/601-2885
Website: www.paivis.com
Source: Paivis, Corp.
NEWS LOOKS GREAT!!
(Marketwire) -- 11/20/08 -- Paivis, Corp. ("PAIVIS" or the "Company") (PINKSHEETS: PAVC) today declares the payment of a special stock dividend that will entitle the holder to the right to receive a future cash dividend payment ("Special Dividend").
Shareholders of record as of close of business December 5, 2008 will receive this Special Dividend on a basis of one (1) share of the Special Dividend for every ten (10) shares of common stock held.
This Special Dividend is further defined as a Preferred Share that will include but not limited to the following:
-- Each Share of the Special Dividend will entitle the holder the right
to receive a cash dividend payment from a cash pool allocated by the
Company from operational profits.
-- The Company expects enough profitability to enable this Special
Dividend to make its cash payment within the fiscal year.
-- The Preferred Stock will have certain rights and preferences that will
be finalized by the pay date but will be focused on the entitlement of a
cash payment from profits.
-- The Preferred Stock will automatically be cancelled and returned to
treasury upon exchange for the cash payment.
The dividend pay date will be set as soon as practicable. Further details of the Special Dividend will be forthcoming.
The Company is committed to executing this strategy for its shareholders and it feels that its new plans for growth and profitability will make this dividend program a success.
Mr. Sands, CEO of Paivis, stated: "The Company has mandated its plan to focus on growth, profitability and shareholder value. I believe there is no better shareholder value initiative than providing shareholders with the opportunity to receive a cash dividend payment."
About Paivis, Corp.
Paivis, Corp. is a wholesale telecommunications carrier that sells prepaid "point-of-sale activated" and live cards. Paivis generates its revenues through the sale of prepaid calling cards and wireless services, and international wholesale termination. Products are sold throughout many of the country's major retail outlets.
FORWARD-LOOKING STATEMENTS
The Private Securities Litigation Reform Act of 1995 (the "PSLRA") provides a "safe harbor" for forward-looking statements so long as those statements are identified as forward-looking and are accompanied by meaningful cautionary statements identifying important factors that could cause actual results to differ materially from those projected in such statements.
Statements contained herein that are not based on historical fact, as well as other statements including words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "will," "could" and other similar expressions, constitute forward-looking statements under the PSLRA. PAIVIS intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause PAIVIS actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in PAIVIS annual, quarterly and other periodic public filings on record with the Securities and Exchange Commission which can be viewed free of charge on its website at http://www.sec.gov.
--------------------------------------------------------------------------------Contacts:
flyinbrian17 Thank-you for the info, lets hope for improvement SOON
(Marketwire) -- 11/20/08 -- Paivis, Corp. ("PAIVIS" or the "Company") (PINKSHEETS: PAVC) today released a letter from its Chief Executive Officer to its shareholders.
Dear Shareholders:
I am publishing this letter first to introduce myself to the shareholders of Paivis and to communicate our goals and directions for our company. I accepted the role as CEO of Paivis prepared to face extremely difficult challenges. These are, and will continue to be, very difficult times for Fortune 500 companies and smaller companies such as ours. Every day it seems there is a familiar name facing financial turmoil that creates panic and fear among investors. However even in these difficult times, there are opportunities for those that are capable to take advantage of them. We are attempting to do just that.
Paivis, for simplicity purposes, is a telecommunications carrier that sells prepaid "point-of-sale activated" and live telephone calling cards. Our revenues are generated through the sale of these calling cards throughout many of the country's major retail outlets. The TrustCash merger would have expanded the prepaid services that the company offered, but not necessarily the telecommunications aspect of the business. My immediate focus is to develop, internally and through strategic mergers and acquisitions, the core of our business.
For many reasons Paivis has not been able to implement its business plans effectively. The merger agreement previously disclosed with Trust Cash is just one example. It is not due to lack of effort. Management has entered into negotiations time and again for potential mergers and acquisitions. They have met with the finance community for purposes of raising additional capital or financing to assist the company with its initiatives. There has been some success and some failures, but they have always been diligent in their efforts. Access to financing in the last year has been virtually impossible even for some of the nation's largest companies.
Since being invited to assume a leadership role with the company, I have been working every day with our staff and Board building on our plans. Collectively we are confident that perseverance, hard work, dedication and an ability to seize opportunities will eventually come together to produce success. We are mindful that success is almost always preceded by disappointments and delays, but quitting is never an option. We simply must work harder and smarter to achieve our goals.
We have put forth several announcements of late that should give the shareholders and financial community comfort that we are attempting to focus our efforts in expanding our core business, which is telecommunications services. While we are not ruling out a relationship of some sort with Trustcash, the focus is on growing Paivis achieving profitability and creating value for our shareholders as quickly as possible. I hope in the coming weeks and months our shareholders' patience is tangibly rewarded by our efforts.
Sincerely,
Lawrence Sands, CEO, Paivis, Corp.
About Paivis, Corp.
Paivis, Corp. is a wholesale telecommunications carrier that sells prepaid "point-of-sale activated" and live cards. Paivis generates its revenues through the sale of prepaid calling cards and wireless services, and international wholesale termination. Products are sold throughout many of the country's major retail outlets.
FORWARD-LOOKING STATEMENTS
Both are needed, a plan of operation is part of the permit
A second PR-- (Marketwire) -- 11/17/08 -- Hunt Gold Corporation (PINKSHEETS: HGLC) confirms that Mr. Edward J. Huskinson, Jr. has been appointed as the Company's Permanent Project Geologist with immediate effect.
Ed Huskinson has a Masters Degree in Economic Geology, an M. Sc., from the University of Texas at El Paso, El Paso, Texas with a Major in Geology and a Minor in Metallurgy. Ed has a B.A. from West Texas State University, Canyon, Texas with a Major in Geology. Ed is a Registered Professional Geologist in Wyoming.
Ed Huskinson has served as Project Manager on various Mines and has over twenty years of experience on mining exploration programs throughout the Western United States and in Mexico. Ed Huskinson resides in and is based in Arizona.
Ed Huskinson, together with Mr. Jack Light, the Company's Senior Geologist will consult with Senior Management on all of the Company's Mining projects and provide advice on local and regional geology, as well as exploration programs and permitting for all of the Company's Gold Mining properties.
Ed Huskinson will work closely with Hunt Gold Corporation's Senior Management, its Advisory Committee and its exploration partners in the exploration and development of the Company's Gold Mining properties.
Ed Huskinson's full resume will available on the Company's Corporate web site which is scheduled for completion very shortly.
The Company confirms that it has now finalized the awarding of the Drilling Contracts and will announce those details shortly.
The Company confirms that it will be filing its drilling and exploration plans with the BLM without delay.
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Lookout Silver," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal." The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders, this to be announced shortly.
This release contains "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 and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
--------------------------------------------------------------------------------For further information contact:
Hunt Gold Corporation
E Mail: Email Contact
Telephone: (954) 840-6956
Contact: Mr. Michael G Saner
Source: Hunt Gold Corporation
(Marketwire) -- 11/17/08 -- Hunt Gold Corporation (PINKSHEETS: HGLC) announced on November 14, 2008 that the Joint Venture Company (The 50/50 partnership between Company and a Mining Fund) had identified a substantial and consistent seller of your Company's stock and had offered to purchase all of their shares of your Company's stock.
This Seller of your Company's shares of Common Stock has now sold its entire remaining stockholding of your Company's shares of Common Stock to the JV.
The JV purchased an amount of 156,983,000 shares of your Company's Common Stock from this Seller; and at a price of US$0.00035 per share. This purchase by the JV has been be transacted "off market" to eliminate brokerage costs and to avoid the distortion of the Company's trading volumes.
The Seller was being forced to dispose of these shares due to financial pressures beyond its control and was made fully aware that if it was able to hold these shares of your Company's Common Stock for a period of time, it would achieve a far greater price per share.
This acquisition of these shares by the JV will should now serve to eliminate the persistent daily selling pressure of your Company's stock, in the market by this Seller.
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Lookout Silver," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal." The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders, this to be announced shortly.
This release contains "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 and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
--------------------------------------------------------------------------------For further information contact:
Mr. Michael G Saner
Hunt Gold Corporation
(Marketwire) -- 11/14/08 -- Hunt Gold Corporation (PINKSHEETS: HGLC) announced today that the Joint Venture Company had identified a substantial and consistent seller of your Company's stock and had offered to purchase all of their shares of your Company's stock.
The Seller has agreed to sell all of its stock in your Company to the JV and prior to the market open on Monday, November 17, 2008. The Seller intends to continue to sell shares in the market today and to then provide the JV with the final remaining balance of their shares of your Company's Common Stock after market close today; an amount expected to be circa 182 million shares of your Company's Common Stock. The JV and the Seller have agreed to the sale and purchase of these shares at a price of US$0.00035 per share. This purchase by the JV will be transacted "off market" to eliminate brokerage costs and to avoid the distortion of the Company's trading volumes.
The Seller is being forced to dispose of these shares due to financial pressures beyond its control and is fully aware that if it was able to hold these shares of your Company's Common Stock for a period of time, it would achieve a far greater price per share.
This acquisition of these shares by the JV will serve to eliminate the persistent daily selling pressure of your Company's stock in the market by this Seller.
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Lookout Silver," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal." The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders, this to be announced shortly.
For further information contact:
Hunt Gold Corporation
E Mail: investor@huntgoldcorp.com
Telephone: (954) 840-6956
Contact: Mr. Michael G. Saner
This release contains "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 and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
--------------------------------------------------------------------------------For further information contact:
Hunt Gold Corporation
E Mail: Email Contact
Telephone: (954) 840-6956
Contact: Mr. Michael G. Saner
Source: Hunt Gold Corporation
Marketwire) -- 11/14/08 -- Hunt Gold Corporation (PINKSHEETS: HGLC) announced on November 4, 2008 that it had been resolved that the Company will commence with the purchase of shares of its own Common Stock in the market.
The Company was approached by a small but very active Mining Fund to work with the Company on these stock repurchases. The Company has formed a Joint Venture with this Mining Fund on a 50/50 profit sharing and equity basis to operate and manage these purchases and subsequent sales of the company's stock. Your Company's Management is of the opinion that this Mining Fund has the necessary expertise in this area, are in a position to obtain maximum leverage and/or Margin for this trading, and are in a position to obtain the lowest brokerage commission rates. These factors will greatly increase the Company's profits from these share purchases and subsequent sales, and most importantly has resulted in a much more significant amount of funds being available for these stock purchases.
The Joint Venture Company has already identified a substantial and consistent seller of your Company's stock and has offered to purchase all of their shares of your Company's stock. The Seller has agreed to sell all of its stock in your Company to the JV. It is expected that this purchase of this Seller's stock will be consummated very early next week. This will greatly reduce the selling pressure in the market.
The Company and the Mining Fund will commence purchases through the new JV once all significant and material facts are disclosed to our stockholders, namely:
-- The Announcement of the details and scope of the Drilling Programme
and the Announcement of the appointment of the Drilling Contractor; and
-- The Announcement of the confirmation of the drilling to commence in
the last week of November of 2008; and
-- The Announcement of the appointment and full details of the Project
Manager; and
-- The Announcement of the appointment of the Company's new IR Firm and
their contact information; and
-- The Announcement with full details concerning new Board appointments;
and
-- The web site with all vital investor information on the Company going
"live."
These events will take place during the course of next week and all stockholders will be in a far better position to decide whether to buy, hold or sell their shares of the Company's Common Stock prior to the JV purchasing these shares in the market, as it is considered inappropriate for the JV to purchase shares of the Company's stock ahead of the Announcements of these very material events.
The Company remains confident that it will be in a position to accumulate fairly substantial amounts of stock at the current very low price levels as it appears that there are significant sellers at these current price levels, based upon our observations of the past few weeks' trading patterns in the market.
The Company stresses that these purchases of its shares of Common Stock in the market are for investment purposes only, once purchased they will be held by the Mining Fund JV and will not be cancelled.
The JV intends to sell these shares in the market in due course and at what Management believes will be at a substantial profit; and only at such time as the Company's stock price corrects itself to reasonable and accurate prices.
The JV will report every fortnight as to its dealings in the Company's shares of Common Stock.
The Company will account for these profits as an Extraordinary Item in its Financial Statements.
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Lookout Silver," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal." The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders, this to be announced shortly.
For further information contact:
Hunt Gold Corporation
E Mail: investor@huntgoldcorp.com
Telephone: (954) 840-6956
Contact: Mr. Michael G Saner
This release contains "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 and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
--------------------------------------------------------------------------------For further information contact:
Hunt Gold Corporation
E Mail: Email Contact
Telephone: (954) 840-6956
Contact: Mr. Michael G Saner
Source: Hunt Gold Corporation--------------------------------------------------------------------------------
(Marketwire) -- 11/13/08 -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) Chairman and CEO William Petty is pleased to announce that the first of several plants scheduled for purchase as part of a recently approved capital equipment plan has been purchased and is expected to be delivered by December 5, 2008.
"Our first 100 ton plant is expected to arrive at the Escala the first week of December. The site where the plant is to be erected has its electrical power and a water source in place. This first plant -- our pilot-plant -- will be used to process mined materials currently stockpiled on-site at the Escala." Mr. Petty added, "We will also make daily deliveries of mined materials to another processor plant in Potosi until the pilot-plant is up and fully operational."
About Franklin Mining, Inc: Franklin Mining, Inc. has mining and energy interests in the United States and Bolivia as well as energy interests in Argentina. Franklin Oil & Gas, Inc. and Franklin Mining, Bolivia are wholly owned subsidiaries. Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas International S.A. Additional information is available at www.FranklinMining.com.
DISCLOSURES: "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in Franklin Mining, Inc.'s filings with the Securities and Exchange Commission. These risks could cause Franklin Mining, Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Franklin Mining, Inc.
For further information, please visit our website (www.FranklinMining.com) or contact our Investor Relations firm, A. S. Austin & Company, 702-386-5379.
--------------------------------------------------------------------------------Contact:
A. S. Austin & Company
Investor Relations
702-386-5379
www.FranklinMining.com
Source: Franklin Mining, Inc.
(Marketwire) -- 11/13/08 -- Hunt Gold Corporation (PINKSHEETS: HGLC) confirms that Mr. Jack Light has been appointed as the Company's Senior Geologist with immediate effect.
Mr. Light will consult with Senior Management on all projects and provide advice on local and regional geology, as well as exploration programs and permitting for all properties. As former Project Geologist for the Gladstone McCabe Mine during its period of production by Magma (BHP), Jack Light will have a special role in exploration of Hunt Gold Corporation's adjoining Gladstone Lookout property, which is part of the Hassayampa property package acquired by Hunt Gold Corporation earlier this year. Mr. Light will work closely with Hunt Gold Corporation's Senior Management, its Advisory Committee and its exploration partners in locating and assessing future property acquisitions for the Company. Mr. Light will also direct the performance of geological mapping, geochemical sampling and other exploration activities for the Company's existing Gold Mining properties.
Mr. Light's full resume will available on the Company's Corporate web site which is scheduled for completion very shortly.
The Company confirms that it is finalizing the awarding of the Drilling Contracts and expects to announce those details within days.
The Company has also just appointed a permanent Project Geologist to oversee the initial drilling and all of the Company's Mining activities thereafter. Full details of this Geologist will be announced next week when he commences his employment with the Company.
The Company confirms that its drilling plans as previously announced; are on track for late this month.
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Lookout Silver," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal." The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders, this to be announced shortly.
This release contains "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 and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
--------------------------------------------------------------------------------For further information contact:
Hunt Gold Corporation
E Mail: Email Contact
Telephone: (954) 840-6956
Contact: Mr. Michael G Saner
Source: Hunt Gold Corporation
(Marketwire) -- 11/12/08 -- Prom Resources, Inc. (PINKSHEETS: PRMO) ("the Company") is pleased to announce that they have sold 50kg of gold mining concentrate for $816,000 USD.
"We believe current prices are artificially manipulated downward. Market forces might end this in Q1 of 2009," said Dror Moradov, President of the Company.
About Prom Resources, Inc.
For further information please visit our website at www.promresources.com or email us at info@promresources.com
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual financial or operating results of Prom Resources, Inc. and its subsidiaries (hereafter collectively referred to as "the Company," "we," "our" or "us") to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. The words or phrases "would be," "may allow," "intends to," "may likely," "are expected to," "may continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." Such statements include those concerning our expected financial performance, our corporate strategy and operational plans. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties, including: (a) not being able to discover any material economically feasible to mine; (b) whether we are able to manage our planned growth efficiently, including whether our management will be able to identify, hire, train, retrain, motivate, and manage required personnel or that management will be able to manage and exploit existing and potential market opportunities successfully; (c) whether we are able to generate sufficient revenues or obtain financing to sustain and grow our operations. Prom Resources, Inc.'s plans, as reflected above, should not be construed by any means whatsoever as a reflection of the Company's future stock price or future financial results.
Add to Digg Bookmark with del.icio.us Add to Newsvine
--------------------------------------------------------------------------------Investor Relations contact:
Dror Moradov
President
Telephone number: 954-697-2199
WOW back to triple 0 range again OOOCH!
Marketwire) -- 11/07/08 -- Hunt Gold Corporation (PINKSHEETS: HGLC) announced on November 4, 2008 that it had been resolved that the Company will commence with the purchase of shares of its own Common Stock in the market.
The Company is now in a position to confirm that it will commence these purchases early next week as the necessary arrangements have been made with Brokers to purchase these shares for and on behalf of the Company.
The Company is confident that it will be in a position to accumulate fairly substantial amounts of stock at the current very low price levels as it appears that there are significant sellers or "weak holders" at these price levels, based upon our observations of this week's trading patterns in the market.
The Company stresses that these purchases of its shares of Common Stock in the market are for investment purposes only; once purchased, they will be held in Treasury and will not be cancelled.
The Company intends to sell these shares in the market in due course and at what Management believes will be at a substantial profit, and only at such time as the Company's stock price corrects itself to reasonable and accurate prices.
The Company will account for these profits as an Extraordinary Item in its Financial Statements.
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Lookout Silver," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal." The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders, this to be announced shortly.
This release contains "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 and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
--------------------------------------------------------------------------------For further information contact:
Hunt Gold Corporation
E Mail: Email Contact
Telephone: (954) 840-6956
Contact:
Mr. Michael G Saner
(Marketwire) -- 11/06/08 -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) Speaking by telephone from Santa Cruz, Bolivia on Wednesday, November 5, 2008. Chairman and CEO William Petty briefed his Board of Directors and senior managers on recent progress made at Franklin's Bolivian joint-venture mining project.
During the past 90 days, the Escala Mine's engineering team has completed more that 200 meters of crosscut and development tunneling revealing 25 commercially viable veins. Vertical attitudes of these newly discovered veins appear to be between 1.5 and 2.0 meters in width with approximate 2 kilometer horizontal extensions indicated by GPS measurement.
Typical reserve calculations for mineralization of a 2 meter width, 30 meter depth and 1.5 kilometer extension would be in the range of 90,000 cubic meters. Franklin's newly discovered 25 veins could yield about 9 million tons in situ reserves at the current 30 meter estimated depth. Historical indications are that the mine's mineralization could extend to a depth of 210 meters or greater, yielding 21 million tons of mineable material.
Dr. Jaime Arrencibia, the Escala Project's General Manager, Javier Leyton, Mine Engineer and Manuel Flores, Geologist, have initiated a plan for expanding tunneling and crosscut operations to produce sufficient mining faces capable of yielding 100 tons per day of commercially viable mining material.
Preliminary evaluations of these most recently discovered veins increases the life expectancy of the Escala Mine to 42,000 days at a 500 ton per day mining rate.
About Franklin Mining, Inc: Franklin Mining, Inc. has mining and energy interests in the United States and Bolivia as well as energy interests in Argentina. Franklin Oil & Gas, Inc. and Franklin Mining, Bolivia are wholly owned subsidiaries. Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas International S.A. Additional information is available at www.FranklinMining.com.
DISCLOSURES: "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in Franklin Mining, Inc.'s filings with the Securities and Exchange Commission. These risks could cause Franklin Mining, Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Franklin Mining, Inc.
For further information, please visit our website (www.FranklinMining.com) or contact our Investor Relations firm, A. S. Austin & Company, 702-386-5379.
--------------------------------------------------------------------------------Contact:
Investor Relations
A. S. Austin & Company
702-386-5379
Source: Franklin Mining, Inc.
(Marketwire) -- 11/05/08 -- Hunt Gold Corporation (PINKSHEETS: HGLC) confirms that it will be awarding the initial drilling contracts during the course of next week. The Company will be announcing the full details and the scope of the drilling contracts awarded.
The drill core produced by the driller, once logged and then split by the Project Geologists, is immediately sent to an independent Assay Laboratory. These detailed Assay results will be released to our stockholders on a weekly basis. These Assay Reports to our stockholders will commence in December of 2008.
The Company confirms that it will initially be drilling on portions of its "Mockingbird" Gold Mining property in Arizona. The Company has targeted and located drill sites for 7 to 8 drill holes at the "Great West," "Pocahontas" and "Dandy" mines which form part of the "Mockingbird" Gold Mining property. Geochemical and Geophysical work is being overseen at these sites at this time to assist in the identification of the drill targets. The Company will be in a position to file for its drilling permits early next week. It is envisaged that we intend to commence with 1,000 feet of core drilling at this time.
These drill sites are not located on State Land and permits are only required from the BLM. These permits will be filed next week. The BLM permits are not expected to take more than 15 days to obtain the necessary approvals.
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Lookout Silver," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal." The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders, this to be announced shortly.
This release contains "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 and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
--------------------------------------------------------------------------------For further information contact:
Hunt Gold Corporation
E Mail: Email Contact
Telephone: (954) 840-6956
Contact: Mr. Michael G Saner
Company diluting just before the buy back, SURE!! Just gotta love these basher jokers
confirmed from who or what?
WOW, RIGHT ON!! My thoughts exactly
(Marketwire) -- 11/04/08 -- Hunt Gold Corporation (PINKSHEETS: HGLC) has resolved to purchase shares of its Common Stock in the market, on the following basis:
-- The Company's stock price is at this time significantly undervalued
and the Management of the Company is of the opinion that given the
extremely positive developments in the Company's strategy coupled with the
Company's position never been as strong as it is at this time; the stock
price will correct itself in the short to medium term and as the Company
has watched circa 70% of its market capitalization disappear over the past
week for no rational nor logical reason; it presents a significant
opportunity for the Company to make short to medium term investment profits
which serve to increase the Company's cash reserves over the short to
medium time based upon these investment profits.
-- The Company will utilize surplus cash to purchase shares of its Common
Stock in the market as an Investment, these shares so purchased; will be
held in Treasury and will not be cancelled.
-- The Company intends to sell these shares in the market and what
Management believes will be at a substantial profit; and at such time as
the Company's stock price corrects itself to reasonable and accurate
prices.
-- These purchases will commence shortly and the Company undertakes to
provide its stockholders with details of its stock purchases on a
fortnightly basis; this being voluntary as the Company is a "Non Reporting
Company" at this time and therefore has no duty to disclose its stock
purchases; nor its sales and profits on these stock purchases. Upon the
Company becoming a "Reporting Company" with the SEC; the Company would file
the appropriate disclosures.
-- The Company is not purchasing these shares of its Common Stock in the
market to increase its stock price, this is a short to medium term
investment as far as the Company is concerned. Management wishes to stress
that it will not be cancelling these shares of its Common Stock purchased
in the market and intends to purchase its own shares of Common Stock as an
investment based upon the prevailing share price. At no time, does this
Company intend to state as to what price it is prepared to pay for its
shares in the market; nor at what price it will take profits on these
purchases of its own shares.
-- This is a short term opportunity upon which the Company intends to
capitalize upon. The Company cannot disclose the amount of shares which it
intends to purchase; as this will be wholly dependent upon the price of the
price of the Company's shares offered in the market from to time and at the
discretion of the Management of the Company.
ABOUT HUNT GOLD CORPORATION
Hunt Gold Corporation is a Gold Mining & Exploration Company focused on the development and exploration of its Gold properties, namely "Mockingbird," "Ambassador," "Golden Eagle," "Gladstone Lookout," "Lady Alde," "Lookout Silver," "Starlight," "American Flag," "Venezia," "Stormcloud," "Cherry," "Buffalo Limecap," "Red Cloud" and "Federal." The Company has completed the sale of its "American Molygold" interests and will be distributing the entire sale proceeds through a Stock Dividend to its stockholders, this to be announced shortly.
This release contains "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 and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
--------------------------------------------------------------------------------For further information contact:
Hunt Gold Corporation
E Mail: Email Contact
Telephone: (954) 840-6956
Contact: Mr. Michael G Saner
Source: Hunt Gold Corporation
Oh, that's right I am!
25 mil bought, I wonder who is buying
This is the most important number float 480,409,066 as of Jun 13, 2008
IMHO
NEW 8-K-- The Company confirms that it holds an amount of 764,578,960 "free trading" shares of Hunt Gold Corporation (HGLC.PK) Common Stock as at November 3, 2008.
The present trading price of Hunt Gold Corporation (HGLC.PK) Common Stock is US$0.0004 per share, valuing this holding in the amount of US$305,832. This substantial reduction in the value of your Company's stockholding in Hunt Gold Corporation (HGLC.PK) Common Stock was caused by an unwarranted and substantial fall in the price of Hunt Gold Corporation (HGLC.PK) Common Stock over the past week.
The Company will not dispose of any of these remaining shares of Hunt Gold Corporation (HGLC.PK) Common Stock in the market. This is based upon an agreement between the Company and Hunt Gold Corporation (HGLC.PK). This action has been supported by the Lender to the Company who holds a significant position in Hunt Gold Corporation (HGLC.PK) Common Stock. The Company has not disposed of any shares at any time, in Hunt Gold Corporation (HGLC.PK) in the market.
The Management of your Company and the Lender to the Company are both are in full agreement that Hunt Gold Corporation (HGLC.PK) Common Stock is now very significantly undervalued and now have absolutely no doubts whatsoever that the Company's investment in Hunt Gold Corporation (HGLC.PK) Common Stock remains an extremely solid and very sound investment for the Company. The Company is committed to remain as a long term stockholder in Hunt Gold Corporation (HGLC.PK).
Based upon the aforegoing facts, the Company confirms that it has reached an agreement with the Lender whereby funds will be advanced to the Company to meet all ongoing costs and to pay for costs in respect of the distribution and the payment of the Extraordinary Dividend.
The Lender has agreed that these loans will be of an unsecured long term nature and that it will no longer require the Company to settle loans advanced through the transfer of shares held by the Company in Hunt Gold Corporation (HGLC.PK) Common Stock. The Lender has agreed with the Company's Management that the Company must retain their shares in Hunt Gold Corporation (HGLC.PK) Common Stock primarily to make the Company a more attractive candidate for a Reverse Merger in the future and because of the inherent value of these shares in Hunt Gold Corporation (HGLC.PK) Common Stock.
The Lender is extremely supportive at this time and all previous conditions set by the lender namely (a) the Company being relocated to the Grey Market or (b) Hunt Gold Corporation (HGLC.PK) shares of Common Stock were to be considerably devalued by the market or (c) the Lender lost confidence in the Management of the Company; have been set aside by the Lender and the Company now enjoys the Lender's full and unconditional support.
The Management of your Company concurs with the Lender that stockholder interests are of paramount importance and that the payment of the outstanding Stock Dividends as well as the forthcoming Extraordinary Stock Dividend are vital to the restoration of the Company's credibility and as to its ability to attract a Reverse Merger candidate in the first quarter of 2009.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements of Business Acquired.
Not Applicable
(b) Pro Forma Financial Information.
Not Applicable
(c) Exhibits
None.