AGORACOM Small Cap TV - July 25th - Highlights
posted on
Jul 25, 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 July 25th, 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.
PC Gold Drills 254 Metres of 0.78 g/t Gold at Central Pat East, Including 106 Metres of 1.0 g/t Gold and 6 Metres of 7.67 g/t Gold
is pleased to report that drilling in the core area of the newly discovered shallow gold system at Central Pat East ("CPE") continues to deliver (see hole PC-11-141 and 145 results, below) a well-established pattern of very broad low grade intercepts encompassing higher grade shoots. Moreover, step out drilling also continues to expand the known strike extent of the CPE gold-arsenic system. Holes PC-11-140 and 143, drilled 300 and 200 metres respectively to the southwest of the core discovery area, both cut significant mineralized widths.
Highlights:
Hole PC-11-145
--0.78 g/t gold over 254 metres (198 gram-metres) from 216.00 to 470.00
metres
--Including 0.88 g/t gold over 214.00 metres from 232.00 to 446.00
metres
--Including 1.00 g/t gold over 106.00 metres from 232.00 to 338.00
metres
--High grade shoot:
--7.67 g/t gold over 6.00 metres from 232.00 to 238.00 metres
--Including 8.94 g/t gold over 5.00 metres from 233.00 to 238.00
metres
--Including 9.95 g/t gold over 4.00 metres from 233.00 to 237.00
metres
--Including 13.60 g/t gold over 2.00 metres from 233.00 to 235.00
metres
--And 1.05 g/t gold over 76.00 metres from 370.00 to 446.00 metres
About the company
PC Gold holds 100% ownership of Pickle Crow, one of Canada’s best known past producing gold mines, located in northwestern Ontario in a belt of rocks well known for its rich gold deposits.
Last: 0.73Range: 1.27-0.62Mark et Cap: 48.7 million
Belo Sun Intersects 62.50 Meters Grading 3.81 G/T Gold at the Grota Seca Deposit
Belo Sun Mining Corp. (TSX VENTURE: BSX)
is pleased to announce assay results from twelve additional drill holes from the diamond drilling program at its Volta Grande Gold Project located in Para State, Brazil. The complete results and cross sections are presented in Table 1 below. Results from twelve drill holes include assays from nine drill holes from the Grota Seca deposit, four drill holes from the Ouro Verde deposit and one from the South Block target.
Highlights:
--Holes VVGD-103 and VVGD-106 (Grota Seca Cross Section 1850 W and 1900 W
respectively) which are part of the infill drilling program designed to
upgrade the resource categories, intersected multiple mineralized zones.
These holes, located at the central part of the Grota Seca deposit, have
intersected high grade gold mineralization near surface and they confirm
true thickness and continuity of mineralization along strike and at
depth. Intercepts include: VVGD-103 with 62.50 meters grading 3.81 g/t
Au (from 28.60 m depth) including 12.85 meters grading 14.01 g/t Au and
VVGD-106.
--Hole VVGD-102 (Ouro Verde Cross Section 50 SE) intercepted
mineralization between the Ouro Verde and Grota Seca deposits and may
suggest the two deposits could be continuous.
--The infill drilling program at Ouro Verde is progressing as planned and
Belo Sun anticipates that the present program will upgraded the resource
categories in this area of the property in the near future.
About the Company
Belo Sun Mining Corp. is a Canadian-based mineral exploration company with a portfolio of properties focused on gold in Brazil. Belo Sun's primary focus is on advancing and expanding its 100% owned Volta Grande Gold Project, located in Para State. Belo Sun trades on the TSX Venture Exchange under the symbol "BSX". For more information about Belo Sun please visit www.belosun.com.
Last: 1.08Range: 1.54-0.35Market Cap: 228 million
Luna Gold Drills 19.00 Meters @ 4.67 g/t Au and 53.00 Meters @ 2.09 g/t Au at Aurizona
Luna Gold Corp. (TSX VENTURE: LGC) (BVLAC: LGC)
is pleased to announce additional positive assay results from 12 new holes from its ongoing resource drill program at the Piaba gold deposit, Aurizona. An updated drill plan map and cross sections have been uploaded to the Luna Gold website at www.lunagold.com or to view directly click below.
Significant intercepts:
--12.00 meters @ 3.43 g/t Au including 0.50 meter @ 49.60 g/t Au and 0.50
meter @ 14.75 g/t Au in BRAZD311
--19.00 meters @ 4.67 g/t Au including 3.00 meters @ 14.08 g/t Au and 2.00
meters @ 14.32 g/t Au in BRAZD314
--53.00 meters @ 2.09 g/t Au including 2.50 meters @ 7.11 g/t Au and 0.50
meter @ 11.70 g/t Au in BRAZD319
About Luna Gold Corp.
Luna Gold is actively engaged in the operation, exploration, acquisition and development of gold opportunities in Brazil. The company currently has a gold mining operation, Aurizona Gold Mine in Maranhao, Brazil, a gold development project, the Cachoeira project in Para, Brazil and the Company is exploring in a large strategically placed greenfields land position in Maranhao, Brazil.
Last: 0.60Range: 0.87-0.49Market Cap: 262 million
Application, Binding Commitment to Acquire 100% of SaaS Technologies and Record Results
Intertainment Media Inc.(TSX VENTURE: INT)(OTCQX: ITMTF)(FRANKFURT: I4T)
announces that its social media, real time, experiential communications platform, Ortsbo.com (www.ortsbo.com) celebrates its first anniversary with major milestone achievements generating over 367 Million Minutes of User Engagement, 303 Million Page Views, 111 Million Online Engagements from over 71 Million Unique Users, from over 170 countries and territories during its first year.
5th Patent Application - System and Method of Translating Instant Messages
On July 21, 2011 Ortsbo expanded its intellectual property portfolio submitting a provisional patent application to the United State Patent and Trademark Office titled "System and Method of Translating Instant Messages
Acquisition of 100% of SaaS Technologies Inc.
Intertainment entered a binding letter agreement, effective as of July 21, 2011, to purchase 100% of shares of SaaS Technologies Inc. which shares will be transferred to Ortsbo Inc. after the closing of the acquisition, making Ortsbo the sole owner of all of its technology and services offerings. The letter agreement provides for ownership and rights of several existing and new technologies where formerly Intertainment and Ortsbo had partial ownership agreements and exclusive licensing arrangements with management and development staff of SaaS remaining onboard. The purchase is valued at over $27 Million in a combination of cash and common stock of Intertainment with final details to be reflected in closing documents between the parties. This transaction and final agreements are subject to final board, escrow and regulatory approval.
Record Results for July 1 to July 15, 2011 Ortsbo's social media offering continues to accelerate achieving record results for the first half of July 2011. Below are the reported results for Ortsbo's first year together with semi-monthly results for July and Estimated Yearly Growth Trends based on the comparison of the reported results.
Yearly Est.
Year 1 ResultsJuly 1 to 15Growth Trend
Online Sessions111,963,05614,711,799215%
Page Views303,772,36349,811,053 294%
Unique Users For Period71,930,15610,207,674241%
Minutes of User Engagement367,339,25187,811,884474%
About the company
Intertainment Media owns and operates a number of key properties including Ad Taffy, itiBiti, Ortsbo and Magnum. For more information on the Company and its properties, please visit www.intertainmentmedia.com.
Last: 0.63Range: 3.35-0.08Market Cap: 163 million
MiMedx Group Announces Second Quarter 2011 Results
MiMedx Group, Inc. (OTCBB: MDXG), an integrated developer, manufacturer and marketer of patent protected regenerative biomaterials and bioimplants processed from human amniotic membrane, announced today its results for the second quarter and six months ended June 30, 2011.
The Company recorded record revenue for the quarter of $1,929,000, an 85% percent increase over first quarter of 2011 revenue of $1,043,000 and a six-fold increase over second quarter of 2010 revenue of $322,000. The Company recorded a net loss of $2,504,000, or $.03 per diluted common share, for the second quarter, an $844,000 improvement over the first quarter net loss of $3,348,000, or $.05 per diluted common share and a $193,000 improvement as compared to a net loss of $2,697,000 million, or $.04 per diluted common share, in the second quarter of 2010. Earnings before interest, taxes, depreciation, amortization and share based compensation (Adjusted EBITDA*) for the second quarter of 2011 were a loss of $1,423,000, an $898,000 improvement as compared to the first quarter loss of $2,321,000 and a $691,000 improvement compared to a loss of $2,114,000 in the second quarter of 2010.
Revenue for the six months ended June 30, 2011, was $2,973,000, as compared to revenue of $437,000 recorded for the six months ended June 30, 2010. The Company reported a net loss of $5,851,000, or $0.08 per diluted common share, for the six months ended June 30, 2011, as compared to a net loss of $5,839,000, or $0.10 per diluted common share, for the same six month period in 2010. Adjusted EBITDA* for the six months ended June 30, 2011, were a loss of $3,751,000, as compared to a loss of $4,186,000 in the same six month period of 2010.
About the Company
MiMedx® is an integrated developer, manufacturer and marketer of patent protected regenerative biomaterial products and bioimplants processed from human amniotic membrane. "Innovations in Regenerative Biomaterials" is the framework behind our mission to give physicians products and tissues to help the body heal itself. Our biomaterial platform technologies include the device technologies HydroFix(TM) and CollaFix(TM), and our tissue technologies, AmnioFix(TM) and EpiFix®.
Last Trade: 1.3452 WeeK: 1.48 – 0.75Market Cap: 96.2 Million
Mikros Systems Corporation Awarded $3.1 Million Delivery Order for 36 ADEPT Units
Mikros Systems Corporation (OTCBB: MKRS) announced today a new order from the U.S. Navy to build 36 additional Adaptive Diagnostic Electronic Portable Testset (ADEPT) units. Under the terms of the order, Mikros will deliver the 36 ADEPT units to U.S. Aegis Cruisers and Destroyers over the next 6-8 months.
A 5-year $26 million IDIQ contract was awarded to Mikros in March 2010 for procurement of ADEPT systems and engineering services required for system enhancements, logistics, and field support. This latest U.S. Navy award of $3.1 million brings the total value of ADEPT orders placed against this contract to $8.3 million. Mikros expects to receive additional new orders for engineering services in 2011, and continues to anticipate $4-5 million of annual revenue under this contract.
About Mikros
Mikros Systems Corporation is an advanced technology company specializing in the research and development of electronic systems technology primarily for military applications. Classified by the U.S. Department of Defense as a small business, its capabilities include technology management, electronic systems engineering and integration, radar systems engineering, combat/command, control, communications, computers and intelligence systems engineering, and communications engineering.
Last Trade: 0.107552 Week: 0.278 – 0.0641Market Cap: 3.41 Million