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Re: NYBob post# 94

Friday, 09/24/2010 4:19:26 PM

Friday, September 24, 2010 4:19:26 PM

Post# of 187
NYBob Came across this because I own PYTO a biotech that is not doing well. PYTO has entered into a Non-Binding Memorandum of Intent (MOI) to acquire Standard Gold Corp.

It looks like Standard G. Corp is not a public company and is held by insiders. They have an interesting project that they belive contains 4M oz. . Not 43-101 defined. They have a large data base of previously developed projects and intend to acquire them.

PYTO under accumulation after this news.



http://standardgoldcorp.com/techteam.html




UPDATE: PhytoMedical Continues Negotiations for Acquisition of Standard Gold Corp.
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4:47 PM ET 9/22/10 | BusinessWire

PhytoMedical Technologies, Inc., today announced that is continuing its negotiations with Standard Gold Corp., as per the Memorandum of Intent (MOI) entered into on August 25, 2010.

On August 25, 2010 PhytoMedical Technologies, Inc. entered into a Non-Binding Memorandum of Intent (MOI) with Standard Gold Corp., pursuant to which PhytoMedical and Standard Gold will explore the possibility of the Company's acquisition of all issued and outstanding stock of Standard Gold. Either party may terminate the MOI upon notice to the other. The MOI will terminate on December 31, 2010.

Pursuant to the terms of the MOI, PhytoMedical and Standard Gold simultaneously entered into a Bridge Loan Agreement (Loan) pursuant to which PhytoMedical loaned Standard Gold $30,000 in order for Standard Gold to maintain in good standing its rights to mineral claims. The Loan is evidenced by a promissory note, which is due and payable on December 31, 2010.

Standard Gold Corp. is a junior mineral exploration company based in Nevada. Additional information on Standard Gold is available at its website, www.StandardGoldCorp.com. PhytoMedical Technologies does not assume responsibility for the accuracy or completeness of information at this website.

There is no assurance that the transactions contemplated by the MOI, including, but not limited to the negotiation and execution of a definitive agreement will in fact be consummated.

About PhytoMedical Technologies, Inc.

PhytoMedical Technologies, Inc. (OTCBB: PYTO; Frankfurt Stock Exchange: ET6), together with its wholly owned subsidiaries, is a pharmaceutical company focused on research, development and commercialization of pharmaceutical products. On August 25, 2010 PhytoMedical entered into a Non-Binding Memorandum of Intent to explore the possibility of the Company's acquisition of all issued and outstanding stock of Standard Gold Corp.

There is no assurance that the transactions contemplated by the MOI, including, but not limited to the negotiation and execution of a definitive agreement will in fact be consum
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