AGORACOM Small Cap TV - April 15th - Highlights
posted on
Apr 15, 2011 09:33AM
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 April 15, 2011, and we’ve found 6 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.
Focus Metals Inc. Announces $15 Million Bought Deal Private Placement
Focus Metals Inc. (TSX VENTURE:FMS)
is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Cormark Securities Inc. and including Byron Capital Markets Ltd and Desjardins Securities Inc. (the "Underwriters") pursuant to which the Underwriters have agreed to purchase 15,000,000 units ("Units") of the Company on a bought deal private placement basis at a price of $1.00 per Unit. Each Unit shall consist of one common share of the Company and one-half of one common share purchase warrant. Each whole warrant shall be exercisable at any time for one common share at a price of $1.25 per common share for a period of two years following the closing.
About the company
Focus Metals Inc., (V.FMS TSX-V) is a mid-tier, junior exploration and mining
company with extensive flake graphite, rare earth elements (REE), precious
and base metals properties in Quebec.
Last Sale: 1.0252 Week Range: 0.05 - 1.78 Market Cap: 37.81M
Extreme Biodiesel Launches Online Investor Relations Program via AGORACOM
BookMerge Technology, Inc. dba Extreme Biodiesel (OTCBB:BRKM)
Extreme Biodiesel was founded in 2003 with the specific mission to produce, distribute, and create awareness of user-friendly alternative energy products and sources of power. By entering into the quickly expanding biodiesel industry, the company's primary focus is to produce a user-ready, high quality alternative fuel that is priced competitively with petro-diesel.
Products and Profit Centers
Last: 0.10 Range: 0.03-0.51Market Cap: 9.8 Million
Manitou Gold Intersects 10.3 g/t Gold Over 6.0 Metres
Manitou Gold Inc. (TSX VENTURE:MTU)
today reported the intersection of 10.30 g/t Au over a core length of 6.0 metres within hole KW-11-33 on the Kenwest Project. Northwestern Ontario
The intersection represents another step in the recognition of the exceptional gold potential of the historical Goldrock Camp. Manitou Gold has ongoing exploration programs on a number of prospective projects including the Kenwest, Canamerica, Gaffney Extension and Sherridon projects, which are all located within the Kenora Mining Division in Northwestern Ontario.
Gold mineralization on the Kenwest Property has been identified within two parallel shear zones, the #1 shear and the #2 shear, spaced 40 m apart. As a result of the proximity between these two zones, all of the deeper holes test both structures. The shear zones display shearing, strong alteration, quartz veining and coarse visible gold mineralization. Manitou Gold recently reported a high grade intersection of 53,700 g/t Au over 0.55 m in hole KW-11-26 in the underexplored #2 shear structure at the Kenwest Property (see press release dated Feb 28, 2011).
About Manitou Gold
Manitou Gold Inc. is a well-funded gold exploration company focused with a dominant land position in the Gold Rock Mining Camp, located in the Kenora Mining District, in Northwestern Ontario.
Last Sale: 0.60 52 Week Range: 0.28 - 1.13 Market Cap: 16.35M
Balmoral Intersects 10.51 g/t Gold Over 9.72 Metres and 10.58 g/t Gold Over 6.93 Metres in Follow-Up Drilling at Martiniere West, Quebec
Balmoral Resources Ltd. (TSX VENTURE:BAR)
announced today that results from hole MDW11-04 have confirmed the presence of a broad, shallow core of high-grade gold mineralization within the central portion of West Zone on the Company's Martiniere Gold Project. Hole MDW11-04 intersected three high-grade gold bearing intervals which returned 10.51 g/t gold over 9.72 metres, 10.58 g/t gold over 6.93 metres and 10.95 g/t gold over 0.56 metres within a broader mineralized envelope which returned 2.58 g/t gold over 72.37 metres.
These results correlate well with revised assay results from hole MDW11-01, which returned high grade intercepts of 13.01 g/t gold over 12.00 metres, 4.54 g/t gold over 5.25 metres and 10.50 g/t gold over 0.50 metres within a broader mineralized envelope which returned 2.70 g/t gold over 72.00 metres.
About Balmoral Resources Ltd. – www.balmoralresources.com
Balmoral is a Vancouver-based precious metal exploration and development company focused on district scale gold opportunities in politically favourable jurisdictions in North America. With a philosophy of creating value through the drill bit and with a focus on proven productive precious metal belts, Balmoral is following an established formula with a goal of maximizing shareholder value through discovery.
Last Sale: 1.55 52 Week Range: 0.94 - 1.88 Market Cap: 45.89M
LifeVantage Announces Preliminary Third Quarter 2011 Revenue
LifeVantage Corporation (OTCBB: LFVN), the maker of science-based solutions to oxidative stress, announced preliminary net revenue for its third fiscal quarter of 2011 of approximately $10 million. This represents an increase of approximately $2.6 million or 35% over net revenue of $7.4 million for the three month period ended December 31, 2010. This is also an approximate $7.3 million or 270% increase in net revenue over the $2.7 million net revenue reported for the same quarter last year.
About LifeVantage Corporation
LifeVantage Corporation is a publicly traded (OTCBB: LFVN), science-based, nutraceutical company dedicated to helping people reach their health and wellness goals while creating business opportunities. Founded in 2003 and based in San Diego, CA, LifeVantage currently offers two anti-aging and wellness products: Protandim(R), a dietary supplement that combats oxidative stress, and LifeVantage TrueScience(TM) Anti-Aging Cream, a scientifically-based skin care product.
Last Trade: 0.949552 Week: 0.9495 – 0.28Market Cap: 69.81 Million
HQ Global Education Announces Second Quarter Fiscal Year 2011 Results
HQ Global Education Inc. (OTCBB: HQGE) ("HQ" or the "Company"), which operates 10 vocational schools in China under the "HQ" brand and is one of China's leading providers of customized vocational education, today announced its financial results for the fiscal year 2011 second quarter ended February 28, 2011 and detail for its earnings call on Monday, April 18, 2011 at 10:30 a.m. (EDT).
Financial Highlights for the Second Quarter of Fiscal 2011 versus the Second Quarter of Fiscal 2010
Revenue increased 82.0% year over year to $12.5 million
Gross profit increased 74.4% to $5.6 million; gross profit margin for the quarter totaled 44.8%
Net Income increased 78.6% to $4.6 million
$.14 per share basic and diluted earnings based on 33 million shares outstanding for the quarter = .56 = < 5X
About HQ Global Education Inc. ("HQ")
HQ Global Education, Inc. provides customized vocational training and private education services to students through private and public vocational schools in China. The HQ Global brand has become increasingly synonymous throughout China with superior vocational training to meet employer needs and career fulfillment for students who aspire to become technical and skilled workers.
Last Trade: 2.68 52 Week: 6.00 – 1.62Market Cap: 88.44 Million