F. Ross Johnson Press Releases
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FinMetal Mining Ltd. (OTCBB: FNMM) is
pleased to announce the completion of a US$3,045,000 equity financing and
the company's intention to begin immediate exploration and development.
FinMetal Chairman and CEO Dan Hunter commented, "Proceeds from this
offering will primarily be used for the exploration and development of our
nickel and gold properties in Finland, which all contain promising zones of
previously identified mineralization. Of particular interest are three
sulphide-hosted nickel properties, which have been previously examined
using older methods of geophysical analysis and fairly shallow drilling
-- usually up to depths of only 100 meters. The mineralized zones on these
nickel projects appear to be part of larger geological anomalies that have
never been extensively examined or drilled to deeper levels and we believe
there exists great potential ...
Evan Baergen, President of Quantex Capital Corporation (PINK SHEETS: QCPC), announced today the 2006 financial results of Samlex America, Quantex's 85% owned Canadian subsidiary.
"Our sales and our profitability continue to rise year after year," stated Evan Baergen. "Over all sales increased from C$5.7M to C$5.8M and while net income for the year decreased from C$311,706 to C$249,168, there were some large non-cash, non-operating items that should be taken into account. In the current year we valued stock options granted to the minority shareholder of Samlex America (in lieu of management fees) at C$150,000. This item alone would increase our net income to almost C$400,000."
"I am very pleased with the overall results. Samlex has managed to position itself well for the future through increases in sales staff while still being cost effective. I anticipate further increases to revenue to follow.
Gross margins for Samlex also increased from 34.2% to 35.8%, an increase of 1.6%...
Husky Energy (TSX: HSE) is pleased to announce the 2006 Annual and Special Meeting of Shareholders will be held at 10:30 a.m., on Thursday, April 19, 2007 in the Palomino Room of the Round-Up Centre, Stampede Grounds, 3rd Street and 13th Avenue S.E. Calgary, Alberta, Canada.
Husky Energy will release its 2007 first quarter financial results after markets close on Tuesday, April 17, 2007. A conference call for analysts and investors will be held on Wednesday, April 18, 2007 at 4:15 p.m. (EST).
Mr. John C.S. Lau, President & Chief Executive Officer, and other officers will be participating in the call.
A live audio webcast of the conference call will be available via Husky's website, www.huskyenergy.ca, under Investor Relations. The webcast will be archived for approximately 90 days.
Media are invited to listen...
BioSyent Inc. ("BioSyent") (TSX VENTURE: RX) is pleased to announce that FeraMAX™ shipments to wholesale customers have commenced. FeraMAX™ is an oral hematinic that helps the body form red blood cells and is indicated for the prevention and treatment of iron deficiency anemia (IDA). It is formulated with polysaccharide-iron complex (PIC), which provides a non-ionic delivery system that allows the iron ion to be delivered to the bloodstream without coming in to contact with the stomach or upper gastro-intestinal tract. This non-ionic formulation leads to improved iron absorption by the body and eliminates adverse side effects such as nausea, constipation, diarrhea, and epigastric pain associated with many other iron formulations. FeraMAX™ is being promoted to Canadian doctors and healthcare professionals by a small specialty sales force.
B...
Drive Products Income Fund (TSX: DPI.UN) today announced the acquisition of two companies in the east end of Toronto. The Fund has acquired certain assets of 4WD Manufacturing Inc. ("4WD") and the net assets of Dynamic Shaft and Equipment Inc. ("Dynamic").
4WD is a truck upfitter and a lawn and garden equipment sales business located in Scarborough, Ontario and has been in business since 1989. The Fund acquired inventory, fixed assets and goodwill from 4WD for cash consideration of $800,000. Dynamic is a driveshaft repair and replacement business also located in Scarborough, Ontario and has been in business since 1988. The Fund acquired the net assets of Dynamic for cash consideration of $425,000. Both acquisitions will be subject to purchase price adjustments and will be funded from general corporate resources.
"These acquisitions will provide a sales plat...
Savers Plus International Inc. ("Savers" or the "Company") (TSX VENTURE: SAV) announced today that the Company has, subject to TSX Venture Exchange final approval, completed the final tranche of a non-brokered private placement to accredited investors, of an aggregate of 696,000 units priced at $0.25 CDN per unit ("Unit"). Each Unit will comprise one common share ("Common Shares") and one half of one common share purchase warrant ("Warrants").
Each Unit has attached one half of one common share purchase warrant, valid for 18 months from the time of closing, with an exercise price of $0.35 CDN per common share. The Company may pay a cash finder's fee or commission to eligible participants.
The capital raised will be used for strategic growth opportunities, and for general corporate purposes.
About Savers Plus International Inc.
Savers Plus Inter...
EMTA Holdings Inc. (OTCBB: EMHD), an energy,
fuel and environmental conservation company, announced today that the Texas
Commission on Environmental Quality ("TCEQ") has approved Clean Boost LE
Diesel Fuel Treatment as meeting the state's stringent low-emission diesel
fuel regulations. Clean Boost LE Diesel Fuel Treatment is produced by White
Sands, LLC, a wholly owned subsidiary of EMTA Holdings.
Tests conducted over the past 18 months by the independent nonprofit
research institute in San Antonio, Texas, demonstrated that the Clean Boost
LE Diesel Fuel Treatment additive reduces nitrous-oxide (NOx) emissions and
particulate matter (black smoke) to levels that bring diesel-powered
vehicles into compliance with the regulations of the TCEQ -- without
impacting fuel economy. The testing was observed and approved by the U.S.
Environmental Protection Agency (EPA), ...
icefloe Technologies Inc. ("icefloe") (TSX VENTURE: ICY). icefloe Technologies Inc. today announced that it has received an order to produce Custom Draft Beer Towers for Labatt Canada in 2007. The total value of the order to icefloe is estimated at $450,000 in incremental sales in 2007.
"We are delighted to again be chosen by Labatt Canada to produce custom draft beer dispensing towers for their brands," said Wayne Newson, icefloe's President & CEO. "We last produced and installed this type of product for Labatt in 2005. The custom draft beer towers are being produced by our partner in the United Kingdom, Drinks Dispense Group (DDg), who specialize in manufacturing and selling custom fonts and beer towers."
ABOUT ICEFLOE TECHNOLOGIES INC.
Founded in March 2001, icefloe is a Canadian- based company dedicated to the development and commerciali...
GREAT PANTHER RESOURCES LIMITED (TSX: GPR) - Please note that a typo has been made in the Great Panther News Release disseminated at 15:07 EST on April 10, 2007. The figure 303,280 silver equivalent ounces (Ag Eq Oz) used in the first paragraph of the release does not reflect the number used elsewhere in this release. The sentence should read "...increased production by 38% over Q4 2006 to 318,359 silver equivalent ounces (Ag Eq Oz)." Please forgive any confusion created by this oversight. The corrected release follows.
GREAT PANTHER RESOURCES LIMITED (TSX: GPR) is pleased to announce that first quarter 2007 output at its two 100%-owned mines in Mexico increased by 38% over Q4 2006 to 318,359 silver equivalent ounces (Ag Eq Oz). The increase was ...
Sentry Select Capital Corp. is pleased to announce the April 2007 distribution amounts for the following income trusts.
Future distributions
Distributions are based upon the current make-up of each individual trust's portfolio and the indicated distribution policies of the income funds within each of the trust's portfolio. If the make-up of the portfolios changes or if such income funds make distributions other than in accordance with their indicated policies, the distributions could change.
Website
To find out more about each trust, including portfolio holdings, net asset values and investment objectives, please visit www.sentryselect.com.
Sentry Select Capital Corp.
Sentry Select Capital Corp. is an innovative Canadian wealth management company who manages approximately $8 billion in gross assets as of March 31, 2007. The company offers a diverse range of investment products including closed-end trusts, mutual funds, prin...
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