AGORACOM Small Cap TV - December 17th - Highlights
posted on
Dec 17, 2010 08:52AM
Good morning to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on AGORACOM Small Cap TV this morning. It’s December 16th 2010, and we’ve found 3 great press releases to report on at the open. Another great day for small-cap and micro-cap financial news. To watch the show live every morning at 9:30 AM, visit our front page.
China Sunergy to Supply 120 MW of PV Modules to Ecoware S.p.A
NANJING, China, Dec. 17, 2010 /PRNewswire-Asia/ -- China Sunergy Co., Ltd. (Nasdaq:CSUN - News) ("China Sunergy" or the "Company") a leading solar cell and module manufacturer based in Nanjing, China, today announced that it has entered into a framework agreement with Ecoware S.p.A., a subsidiary of Kerslef Group, a leading Italian company in the integration of photovoltaic systems and solar fields of any size, both for private and industrial use. According to the terms of the agreement, China Sunergy will supply 120 megawatts (MW) of PV modules, which are branded as CEEG by China Sunergy, to Ecoware S.p.A. from the fourth quarter of 2010 to the third quarter of 2011.
The two module companies acquired by China Sunergy in this November, CEEG (Shanghai) Solar Science & Technology Co., Ltd and CEEG (Nanjing) New Energy Co., Ltd. (together "CEEG"), have built a steady supplying relationship with Ecoware S.p.A. over the past three years.
About China Sunergy Co., Ltd.:
China Sunergy Co., Ltd. (Nasdaq:CSUN - News) ("China Sunergy") is a specialized manufacturer of solar cell and module products in China. China Sunergy manufactures solar cells from silicon wafers, which utilize crystalline silicon solar cell technology to convert sunlight directly into electricity through a process known as the photovoltaic effect, and assembles solar cells into solar modules. China Sunergy sells these solar products to Chinese and overseas module manufacturers, system integrators, and solar power systems for use in various markets.
Last Trade:4.3552 Week: 5.84 – 3.40Market Cap: 193.78 Million
VMS Ventures Reports Mineralization at 30 Metres From Surface in Zone 30 (Zinc-Copper Lens), Including 15.7m of 6.57% Zinc, From Initial In-Fill Drilling at Its Reed Lake Joint Venture Project
VMS Ventures Inc. (TSX VENTURE:VMS) released yesterday afternoon
is pleased to announce drill and assay results from the initial in-fill diamond drill program at the Reed Lake deposit, near Snow Lake, Manitoba, Canada. These results are from holes RDL009 to RDL014 inclusive. They were designed to test the zinc – copper rich lens (zone 30) located near surface.
Highlights:
The in-fill program is the first phase of drilling at the Reed Lake project under a joint venture formed between VMS and HudBay Minerals Inc. (TSX/NYSE:HBM). The Reed Lake deposit is a base metal, polymetallic, massive sulphide-type deposit located approximately 100 kilometers from HudBay’s concentrator in Flin Flon, Manitoba.
Neil Richardson, VMS' Chief Operating Officer, states: "The results for the upper zinc - copper rich lens (zone 30) are very encouraging as they show that the deposit comes within 30 metres of surface, which suggests it is amenable to ramp development and early production from an underground operation. The results emphasize the metal zonation in this polymetallic deposit which, in addition to copper and zinc, also carries appreciable amounts of gold and silver. Metal zonation and significant precious metal credits are common characteristics of massive sulphide deposits in the Snow Lake camp."
About VMS Ventures Inc.
VMS Ventures Inc. is focused primarily on acquiring, exploring and developing copper-zinc-gold-silver massive sulphide deposits in the Flin Flon-Snow Lake VMS Belt of Manitoba.
Last Sale: 0.53 Week Range: 0.20 - 0.55 Market Cap: 60.51M
Selwyn Resources Ltd.: Definition Drilling Confirms High-Grade Mineralization at XY Central Deposit
Selwyn Resources Ltd. (TSX VENTURE:SWN)
first release of assay results from the drilling of the 93-lens of the XY Central deposit at Selwyn Project, Yukon Territory. Dr. Harlan Meade, President and CEO, states: "The results of infill drilling on the 93-lens of the XY Central deposit are very encouraging in confirming continuity of the high grade mineralization and providing the necessary information for completing an upgrade of the mineral resources for the feasibility study scheduled for completion in mid 2011."
Highlights: 93-lens of the XY Central deposit
About the company
Selwyn Resources Ltd. is a publicly traded, Canadian base metals exploration and development company. The company's core project is the World class Selwyn Project, located in eastern Yukon. The Selwyn Project has reactivated the Howard's Pass zinc-lead district, and since 2005 the company has invested approximately $70M to define Selwyn deposit as one of the largest undeveloped zinc-lead deposit in the world.
Last Sale: 0.20 Range: 0.14 - 0.27 Market Cap: 64.09M