Stock Market Alerts: Special Alert and Coverage Issued for GYGC! June 4, 2008
Market Wire, June, 2008
Stock Market Alerts' performance stock list includes: Guyana Gold Corp. (PINKSHEETS: GYGC), AngloGold Ashanti (NYSE: AU), Kinross Gold Corporation (NYSE: KGC).
Guyana Gold Corp. (PINKSHEETS: GYGC) has just issued important news, and the company should have the attention of investors. Yesterday, the company, a junior mineral exploration company, issued a press release announcing purchases of underground mining equipment made by Octagon Mining Corp., which Guyana Gold is in a joint venture with.
Great news for GYGC, as according to the press release, this new equipment will increase gold production by approximately 150 ounces a month for a total production of over an estimated 250 ounces per month. Guyana Gold Corp. President Eduard Aronov, said, " Our investors and shareholders should be as pleased as I am with this new equipment. It will bring our production up 150% within the next 30 days."
Last month, the company reported that it is in the process of completing a non-brokered private placement, subject to market and other conditions, of a $500,000 USD aggregate principal amount of its common stock at $0.50 USD per share for a total of 1,000,000 shares. The company does not anticipate paying a finder's fee in connection with this offering, which is expected to close by mid-June 2008.
The proceeds of this offering will be used to fund the Company's operations in Guyana, including, but not limited to, the company's drilling and exploration program, purchasing additional mining properties, entering into joint ventures, increasing production, and sampling.
In other recent news, the company reported last month that it has initiated the process of co-listing the company's shares on the Frankfurt Stock Exchange. The process is expected to take approximately 2-3 weeks. There are a substantial number of junior resource and energy companies in North America that have chosen to co-list their companies on the Frankfurt Exchange to help increase their exposure and accelerate their business plans and Guyana Gold Corp's management believes it may garner similar attention.
Guyana Gold Corp. President Eduard Aronov, said, "The Frankfurt Exchange should have a major impact on the company's ability to raise capital and to gain new institutional and private shareholders. In our opinion, the European market has a large appetite for the North American junior resource companies and we feel that the time is right to expand into this market."
Before the news was released, GYGC closed Tuesday at Thirty Nine cents a share.
For Stock Market Alerts' in-depth profile of Guyana Gold, visit http://www.wallstreetenews.com/HotStocks/GYGC060308/default.aspx .
Other Stocks of interest yesterday were:
AngloGold Ashanti (NYSE: AU) down 0.3% on 2.4 million shares traded. AngloGold Ashanti, one of the world's leading gold producers, has a portfolio of long-life, relatively low-cost assets with a variety of orebody types in key gold-producing regions around the world.
Kinross Gold Corporation (NYSE: KGC) down 3.4% on 3.8 million shares traded. Kinross is a Canadian-based gold mining company with mines in the United States, Brazil, Russia and Chile, and employs approximately 5,000 people worldwide.
The advertisement is provided by Wall Street Enews, a division of Stock Market Alerts LLC, an electronic broadcaster and publisher of this release, and hereafter referred to as "the company". The company has not received compensation for services performed for Guyana Gold Corp. (PINKSHEETS: GYGC). However, the company maintains a contractual working relationship with Wall Street Capital Funding (WSCF) which has been compensated Four Hundred Thousand shares of Guyana Gold Corp, by a third party (Nikolas Capital Inc.), who is non-affiliated and may hold a significant position in the stock. WSCF holds all of those shares as of this release, but intends to immediately begin selling its shares as this release is being circulated. WSCF was also previously compensated in 2008, Ten Thousand Dollars for services performed for Guyana Gold Corp. (PINKSHEETS: GYGC), by a separate third party, who is non-affiliated and may hold a significant position in the stock, for services provided including dissemination of company information in this release. WSCF holds no shares of the stock. Because compensation was received, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.
The information contained in this press release is for informational purposes only, and not to be construed as an offer to sell or solicitation of an offer to buy any security. The company makes no representation or warranty relating to the validity of the facts presented nor does the company represent or warrant that all material facts necessary to make an investment decision are presented above. Stock Market Alerts LLC is an advertising company and therefore, this release should be viewed for informational purposes only.
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