Bonanza Goldfields Corp. (PINK: BONZ) reached up 44.83% in morning trading to $.042 with 6M shares traded. Bonanza Goldfields Corporation is a junior mining and exploration company identifying and acquiring properties integrated with alluvial and hard rock mineralization in geo-politically stable regions. Bonanza Goldfields' Tarantula Project is a contiguous block of 38 lode claims covering 600 acres in the Date Creek Mountains, Arizona. The lode claims are directly adjacent to the historic Congress Mine, Arizona, which produced about 400,000 ounces of lode gold. Highly prospective features are ubiquitous throughout the immediate area, including extensive greenstone dikes and quartz veins as well as placer gravel deposits. Bonanza Goldfields Corp. (PINKSHEETS: BONZ) announced plans to initiate mining operations in the 4th quarter of this calendar year as a result of securing a $1.66M Financing Agreement with Tonaquint Inc., a Utah corporation.
Cell Therapeutics, Inc. (NASDAQ: CTIC) reached up 14.80% in morning trading to $2.56 with 3M shares traded. Cell Therapeutics, Inc. is a biopharmaceutical company committed to developing an integrated portfolio of oncology products aimed at making cancer more treatable. Cell Therapeutics, Inc. (NASDAQ and MTA: CTIC) announced that OPAXIO (paclitaxel poliglumex) has been granted orphan-drug designation by the U.S Food and Drug Administration ("FDA") for the treatment of glioblastoma multiforme ("GBM"), a malignant brain cancer.
Excel Maritime Carriers Ltd. (NYSE: EXM) reached up 13.11% in morning trading to $.6815 with 450K shares traded. Excel is an owner and operator of dry bulk carriers and a provider of worldwide seaborne transportation services for dry bulk cargoes, such as iron ore, coal and grains, as well as bauxite, fertilizers and steel products. Excel owns a fleet of 40 vessels, one of which, a Capesize vessel, is owned by a joint venture in which Excel holds a 71.4% interest, and, together with seven Panamax vessels under bareboat charters, operates 47 vessels (seven Capesize, 14 Kamsarmax, 21 Panamax, two Supramax and three Handymax vessels) with a total carrying capacity of approximately 4.1 million DWT. Excel Maritime Carriers Ltd. (NYSE: EXM) announced that it has agreed with its lenders under its $1.4bn syndicated credit facility to effectively extend, subject to certain conditions, its equity raising commitment through December 31, 2012 and waived certain covenants.
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