AGORACOM Small Cap TV - March 14th - Highlights
posted on
Mar 14, 2011 09:58AM
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 March 14th, 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.
Yellowhead Mining Inc. Announces CDN$20 Million Bought Deal Private Placement
Yellowhead Mining Inc. (TSX VENTURE:YMI)
pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Canaccord Genuity Corp. (the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a bought deal private placement basis, 13,800,000 units (the "Units") of the Company at a price of CDN$1.45 per unit for gross proceeds of CDN$20,010,000
The Company intends to use the net proceeds of the Offering to fund the advancement of the Company's Harper Creek project in BC and for general corporate purposes.
About Yellowhead Mining Inc.
Yellowhead has a 100% interest in the Harper Creek Project, (subject to the payment of a 3% NSR royalty capped at $2.5 million, adjusted for inflation and an additional 2.5% NSR royalty on roughly 3.3 million tonnes of ore which is expected to be mined beginning in year 9 within the NI 43-101 resource). The Harper Creek Project is a large copper-gold-silver project located in south-central British Columbia, approximately 150 kilometres by highway from Kamloops.
Last Sale: 1.46 52 Week Range: 0.80 - 2.05 Market Cap: 51.31M
Confederation Minerals Intersects Multiple High Grade Gold Zones in Early Drill Results from Newman Todd Gold Prospect, Red Lake District: 3.0 m at 42.84 g/t Gold Incl. 1.0 m at 122.0 g/t Gold
Confederation Minerals Ltd. (TSX VENTURE:CFM)
and joint venture partner Redstar Gold Corp. (TSX VENTURE:RGC)
pleased to announce early drill core assay results from the first two holes of their planned 9,000 meter diamond drill program at the Newman Todd gold project, located in the Red Lake Mining District of Northern Ontario. Pursuant to an option granted by Redstar Gold Corp., Confederation Minerals Ltd. can earn a 50% interest in the project by spending $5.0 million in exploration within three years, and an additional 20% by producing a Preliminary Economic Assessment (PEA) within six years.
The first hole of the currently-ongoing program intersected three zones of significant, high-grade gold mineralization as well as additional zones of lower grade, yet highly-significant mineralization. Grades such as: 7.0 m grading 18.87 g/t gold; 3.0 m grading 42.84 g/t gold; 1.0 m grading 122.0 g/t gold; 3.0 m grading 22.49 g/t gold; 1.0 m grading 63.60 g/t gold; 8.6 m grading 5.03 g/t gold; 1.10 m grading 32.60 g/t gold; 0.5 m grading 62.90 g/t gold, etc. were all obtained from the first hole.
CONF MINERALS (:TSXV:CFM)
Last Sale: 0.97
52 Week Range: 0.07 - 0.97
Market Cap: 15.12M
Confederation Minerals Ltd is a company dedicated to the acquisition and development of mineral deposits within North America.
Redstar Gold Corp.
Last: 0.39
Range: 0.39-0.085
Market Cap: 20.6 Million
Redstar Gold Corp(TSX.V:RGC) is a Vancouver based junior exploration company focused on gold exploration in Nevada and Red Lake in northwestern Ontario. Redstar has formed a partnership with AngloGold Ashanti(NYSE) to explore for gold in Nevada and as part of the partnership, Redstar has acquired exclusive rights to AngloGold Ashanti's extensive Nevada property database. The database includes extensive geological, geochemical and geophysical data which are both regional and property specific.
Intertainment's Ortsbo Real Time Translator Delivers Over 100 Million Minutes of User Engagement
Intertainment Media Inc. ("Intertainment" or the "Company") (TSX VENTURE:INT)(OTCBB:ITMTF)(FRANKFURT:I4T)
announces that its social media, real time, language translation platform, Ortsbo.com (www.ortsbo.com), has reached a major milestone delivering over 100 Million minutes of user engagement since its launch July 22, 2010.
Accelerating faster than Facebook and Google Gmail, passing their respective first 2 years of progress in less than 9 months, Ortsbo allows users to communicate in real time in over 50 languages across today's most popular social media platforms.
Ortsbo recently announced that it is preparing to launch mobile and portable computing versions of its platform by end of calendar Q2 2011, empowering global users of mobile phones, smartphones and tablet computing devices with real time translation services.
Over the past week, Ortsbo users generated over 9.98 Million minutes of User Engagement, 6.2 Million Page Views and 2.8 Million Online Sessions from over 2 Million Unique Users. As at March 14, 2010, active monthly unique users, month over month, are 7.6 Million, a 21% increase since the end of February. The following graph displays the significant growth of key performance metrics of Ortsbo.
About Ortsbo: www.ortsbo.com
Ortsbo (www.ortsbo.com) enables real-time conversational translation in over 50 languages and seamlessly integrates with today's most popular social media platforms.
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
Headquartered in the Toronto, Canada region, with offices in New York, Los Angeles and San Mateo, CA, Intertainment Media Inc. is listed on the Toronto Venture Exchange under the symbol "INT" (TSX VENTURE:INT) and in the US under the symbol "ITMTF". Intertainment is also traded in Europe, on the Frankfurt Exchange under the symbol "I4T".
Last Sale: 0.47 52 Week Range: 0.08 - 0.96 Market Cap: 59.61M
WGI Heavy Minerals Announces Sales Growth of 18.2% Year over Year and Reports an Increase in Income of 136% for the Fourth Quarter 2010 over the same period in 2009
WGI Heavy Minerals, Incorporated ("WGI") (TSX: WG)
today reported earnings for year ending December 31, 2010 of $0.044 per share ($1.04 million) compared to earnings of $0.037 per share ($0.89 million) for 2009. Fourth-quarter earnings were $0.013 per share ($0.30 million), compared to earnings of $0.005 per share ($0.13 million) in the same period last year.
Overview
WGI achieved the highest full-year revenue in its history in 2010, reaching $34.01 million. This total surpassed the $28.78 million posted in 2009 by 18.2%. These results continue the Company's record of continuous year over year revenue growth for the last five years. Most markets for garnet and other abrasives strengthened in 2010 from previous year levels, but still suffered from sluggish growth in many parts of the world.
In 2010, the Abrasives segment achieved an income from operations-before-tax of $1.35 million. This is an increase over the $1.27 million income from operations-before-tax in 2009. The improvement is primarily driven by an increase in sales volume compounded by containment of selling, general and administrative costs. Sales of Emerald Creek Garnet improved 25.3% while Bengal Bay Garnet sales outpaced last year by 20.4%. Sales volume growth anchored the increase, gaining 30.1% year over year as markets continued their slow recovery. WGI also identified and sold to new customers. Net income for the segment was $0.99 million compared to an income of $0.95 million in 2009.
Last: 0.45Range: 0.54-0.395Market Cap: 10.5 Million
Founded in 1988, WGI Heavy Minerals, Incorporated (WGI) is a publicly traded company listed on the Toronto Stock Exchange (TSX) as WG. WGI is a worldwide operating company focused on locating, producing and marketing industrial minerals and related products.
WGI Heavy Minerals, Incorporated is a marketer of industrial grade minerals sourced primarily out of India, producer of industrial-grade garnet out of Idaho and Germany and manufacturer of replacement parts for ultra-high pressure waterjet machine tool systems around the world.
SinoHub, Inc. Reports Record Fourth Quarter and Record Full Year 2010 Financial Results
SinoHub, Inc. (NYSE Amex: SIHI), a rapidly-growing electronics company in the People's Republic of China, engaged in private label, custom design mobile phone manufacturing and sales (ICM) and electronic component sales and services (ECSS), today reported financial results for the fourth quarter and year ended December 31, 2010 and provided revenue guidance for 2011.
Summary Financials
Fourth Quarter 2010 Results (USD) (unaudited)
(three months ended December 31) Q4 2010Q4 2009CHANGE
Sales$58.5 million $42.8 million +37%
Gross Profit$13.0 million $6.4 million+103%
Net Income$7.2 million$3.7 million+95%
Diluted EPS$0.25$0.13+88%
2010 Calendar Year Results (USD) (audited)
(year ended December 31) 20102009CHANGE
Sales$196.7 million $128.4 million +53%
Gross Profit$37.8 million$22.4 million+69%
Net Income$19.1 million$12.4 million+54%
Diluted EPS$0.67$0.48+40%
About SinoHub
SinoHub, Inc., founded in 2000 by veteran entrepreneur Harry Cochran and electronics industry veteran Lei Xia to play a part in the electronics revolution in China, provides integrated contract manufacturing, electronic component purchasing, and world-class supply chain management services with transparent information access for participants in the electronic components supply chain in China.
Last Trade: 2.9552 Week: 3.50 – 1.67Market Cap: 84.25 Million
Dewey Electronics Awarded $1.1 Million Subcontract to Integrate Fuel Cell Power System
The Dewey Electronics Corporation (OTC Bulletin Board: DEWY), a leading provider of military diesel power generation systems, reported the receipt of a three (3) year subcontract to integrate a JP-8 fueled, fuel cell based, 10 kilowatt Auxiliary Power Unit (APU) for military ground combat vehicles. The prime contract was awarded by the U.S. Army's Tank Automotive Research, Development and Engineering Center (TARDEC) to the Altex Technologies Corporation for a base total of $5.2 million with potential contract options totaling an additional $7.9 million.
Dewey Electronics has been awarded a "not to exceed" subcontract with an approximate value of $1.1 million by Altex Technologies (up to $4.3 million if the U.S. Government exercises all contract options).
About Dewey Electronic Corporation
The Dewey Electronic Corporation, founded in 1955, is a systems oriented military electromechanical development, design and manufacturing organization with a focus on compact diesel power generation solutions. The company is a small business and is located in Oakland, NJ.
Last Trade: 2.5052 Week: 2.97 – 1.75Market Cap: 3.41 Million