AGORACOM Small Cap TV - July 19th - Highlights
posted on
Jul 19, 2011 09:00AM
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 July 19th, 2011, and we’ve found 4 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.
Extreme Biodiesel Receives Approval for Renewable Fuel Standard II (RIN) Credit
BookMerge Technology, Inc. (OTCBB:BRKM),
through its wholly owned subsidiary Extreme Biodiesel, is proud to announce that the company`s biodiesel has been approved for the RIN credit. Carbon Solutions Group has agreed to sponsor Extreme Biodiesel for the EPA Renewable Fuel Standard II (RIN) and California Low Carbon Standard (LCFS) registrations.
This agreement also include procedures for creating, tracking, auditing and separating RINS and LCFS credits that are sold in the market for $1.86 per RIN and $0.10 LCFS per gallon of biodiesel produced and sold to end users, creating additional cash flow and potential profitability to Extreme Biodiesel. The parties have also agreed for Extreme to produce 125,000 gallons of biodiesel for CSG at a discounted rate.
Extreme Biodiesel CEO, Rick Carter commented "We are extremely pleased to have been approved for the RIN credit. This is a significant milestone for the company and will benefit the bottom line. Carbon Solutions Group is a strong partner and we look forward to a prosperous relationship."
About RIN
RIN is short for Renewable Identification Number and is a renewable fuel credit. A RIN credit is a serial number assigned to each gallon of renewable fuel as it is introduced into U.S. commerce. RIN credits were created by the Environmental Protection Agency (EPA) as part of the Renewable Fuel Standard (RFS) to track our nations progress toward reaching the energy independence goals established by the U.S. Congress. RIN credits are the currency used by obligated parties to certify compliance they are meeting mandated renewable fuel volumes. All gasoline produced for U.S. consumption must contain either adequate renewable fuel in the blend or the equivalent in RIN credits.
About BookMerge Technology, Inc. (OTCBB:BRKM)
BookMerge Technology is an alternative fuel and recycling company. The company's mission is to provide a cost effective, high quality alternative diesel fuel, create Green Jobs, reduce the environmental impact of fossil fuels and diminish U.S. reliance on foreign oil. BookMerge Technology acquired Extreme Green Technologies, dba Extreme Biodiesel to fulfill that mission. Extreme Biodiesel is a fully licensed and permitted Biodiesel producer operating in Corona, Ca. Our facility has been operating since Jan 2008, producing biodiesel fuel, manufacturing personal biodiesel processors and the recently added restaurant brown grease recycling service.
Last: 0.08Range:0.22-0.06Market Cap: 8.1million
Lydian Releases Robust Drill Results Ahead of Preliminary Economic Assessment at Amulsar Project Armenia
Drilling at Artavasdes Returns 69 Meters at 1.0g/t from Surface and
Drilling at Tigranes Returns 55 Meters at 1.6g/t (Open at Depth) and
55 Meters at 1.1g/t Gold
Lydian International Ltd. (TSX:LYD)
a gold-focused mineral exploration and development company, today announced results from drilling at its Amulsar gold project in Armenia. Amulsar is a high-sulfidation style gold project which currently hosts a CIM compliant combined Indicated and Inferred Category Resource of 2.5 million ounces at 1.0g/t gold (1.1 million ounces at 1.1g/t gold in the Indicated Category and 1.4 million ounces at 0.9g/t gold in the Inferred Category).
Interim results have been received from 23 drill holes comprising primarily infill and resource extension drilling from the western extent of Tigranes and Artavasdes (see figure in Appendix) and have returned encouraging results. These include drill hole DDA-096 which intersected 69 meters at 1.0 g/t gold from surface, RCA-308 which intersected 55 meters at 1.6 g/t gold (open at depth) and RCA-306 which intersected 55 meters at 1.1 g/t gold.
These new drill results include:
- DDA-096 (Artavasdes)69 meters at 1.0 g/t gold
- RCA-306 (Tigranes)55 meters at 1.1 g/t gold
- RCA-307 (Tigranes)23 meters at 1.2 g/t gold
- RCA-308 (Tigranes)55 meters at 1.6 g/t gold EOH,
including 28 meters @ 2.7 g/t gold
- RCA-312 (Tigranes)20 meters at 1.1 g/t gold
About Lydian International
Lydian is a gold-focused mineral exploration and development company with expertise employing "first mover" strategies in emerging exploration environments. Currently Lydian is focused on Eastern Europe and on developing its flagship Amulsar gold project in Armenia. The Amulsar group of licenses is wholly owned by Lydian's Armenian subsidiary (Geoteam CJSC). Lydian also has a pipeline of promising early-stage gold and base metal exploration projects in the Caucasus regions.
Last: 2.84Range: 2.95-1.20Market Cap: 269million
Excelsior Reports Indicated Resource of 3.2 Billion Pounds Oxide Copper at North Star
Excelsior Mining Corp. (TSX VENTURE:MIN) (OTCQX:EXMGF) (FRANKFURT:3XS) ("Excelsior")
is pleased to announce a significant increase to the mineral resource estimate at the North Star Deposit. The oxide copper (Cu) mineral resource has increased from 2.86 billion pounds of Cu (404 million tons at 0.35% Cu) in the inferred category to an indicated copper resource of 3.21 billion pounds and an additional inferred resource of 0.88 billion pounds Cu (refer to table below for tonnage and grade details). The North Star Deposit is part of the Gunnison Copper Property located within the copper porphyry belt in southern Arizona.
The South Star Deposit was not drilled this year and remains unchanged with an inferred resource of 0.38 billion pounds of oxide Cu (62 million tons at 0.30% Cu at a cut-off of 0.1% Cu - see news release dated November 2, 2010).
"We are extremely excited about our updated resource as we not only moved the majority of the oxide resource from the inferred to the indicated category, but we also significantly increased the global resource," says Stephen Twyerould, President and CEO of Excelsior. "As our plan is to mine Gunnison using in-situ recovery mining techniques, our focus is the oxide component of the property, although the mixed and sulphide components have also significantly increased. This upgraded resource represents the first of several milestones that Excelsior aims to achieve over the coming months."
About Excelsior
Excelsior is an exploration and development company with a copper project located within the copper porphyry belt of Arizona. The Gunnison Copper Project is located close to the required infrastructure and with its in-situ recovery potential, is intended for near-term production. The Excelsior team consists of experienced professionals with proven track records of advancing projects towards production.
Last: 0.48Range: 0.81-0.29Market Cap: 23 million
Absolute Life Solutions, Inc. (Trading Symbol: ALSO)
Absolute Life Solutions, Inc. Reports Results of Operations for Third Quarter of Fiscal 2011
Absolute Life Solutions, Inc. (Trading Symbol: ALSO), a specialized financial services firm focused on the creation of cash liquidity for seniors as well as insurance-industry focused investors, today announced the financial results for the company's third quarter and the nine month period ended May 31, 2011.
Highlights from the quarter include:
Gains on investments consisting of $11.6 million of unrealized gains
Working capital of $10 million
A portfolio of 38 policies with over $86.7 million in fair market value
Net income of $6.3 million and after reflecting a deemed dividend of $ 18.1 million applicable to the sale of preferred shares, a net loss applicable to common shareholders of $11.8 million
For the nine months ended May 31, 2011:
Gains on investments consisted of $43 million, comprised of $40.8 million of unrealized gains and $2.2 million of realized gains
Net income of $22.1 million and after reflecting a deemed dividend of $37.3 million applicable to the sale of preferred shares, a net loss applicable to common shareholders of $17.4 million
About Absolute Life Solutions, Inc.:
Absolute Life Solutions, Inc. offers a distinctive approach that provides liquidity to seniors while creating a stable alternative asset class for investors. By securing only high-quality policies and employing a proprietary valuation platform and best-in-class portfolio and management techniques, Absolute seeks to optimize an insurance policy's inherent value and minimize risk.
Last Trade:1.5052 Week: 2.35 – 0.375Market Cap: 124.31 Million