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Dhanoa Minerals Ltd. (OTC BB: DHNA)
June 18, 2007-- "It doesn't take an analyst to interpret an increase in the labor force of a mining operation as a bullish sign," stated SmallCap Sentinel analyst D.R. Clark. "Clearly, this means a likely increase in production." "Recent news from Dhanoa Minerals Ltd. literally says as much," Clark added. "Dhanoa announced on Thursday that it has increased the size of its labor force to 180 miners to increase gold and silver production at its mines in southern Ecuador adding that, 'More workers in the mines translate into increased production.'" About Dhanoa Minerals Ltd.
'Dhanoa' is a production stage company formed for the purpose of acquiring, exploring, and developing natural resource properties. The Company has recently acquired several revenue producing gold mining properties in Ecuador, and is embarking on a plan of growing through acquisition of proven producing mines.
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Earth Biofuels Inc. (OTC BB: EBOF)
Tonga Capital and Momentum Biofuels Announce Appointment of New Management Team and Board of Directors
June 14, 2007-- Tonga Capital Corp. ("Tonga") and its wholly owned subsidiary, Momentum Biofuels, Inc. ("Momentum"), are pleased to formally announce the following new management team who joined the Company in March 2007. Barent "Barry" W. Cater will serve the Company as President, CEO and a Director. He has added to the management team Jim O'Neal as the COO and Stuart Cater as the CFO.
"We are thrilled with the depth and strength of our executive team," said Jeff Ploen, Director of Tonga. "Each brings extensive technical and leadership skills that will serve us well as we grow our company and expand into new markets." "Our initial objectives of addressing the Company's compliance and internal controls are on track. In three short months, this management team has put forth a massive effort to get the Company back on schedule. Now that the internal operations have been addressed, the Company is shifting its focus to consistent production, feedstock acquisition and distribution options. The new team is absolutely tooled to take the Company to the next level," stated Mr. Barry Cater.
In addition to Mr. Cater and Mr. Ploen, three new directors have joined the Company's Board of Directors. The biographical information of Tonga's new management team and new directors follows. Mr. Barry Cater and Mr. Stuart Cater are brothers.
Barent "Barry" W. Cater - President, CEO and Director Mr. Cater will serve as President, CEO and Director. Mr. Cater is a retired Managing Partner with Accenture, which is now Accenture Ltd.
, where he spent 24 years providing operational and technology consulting services to some of the world's largest companies. During his career with Accenture, he held numerous positions including most recently Founding General Partner of Accenture Technology Ventures, where he was responsible for Accenture's Supply Chain, B2B and Oil and Gas related venture investments. In this capacity, he evaluated investment opportunities, managed Accenture's investments, participated on portfolio company boards, assisted in fund raising activities and provided assistance to portfolio company management teams. Mr. Cater was also Global Managing Partner Business Development, Managing Partner Outsourcing Sales North America, and Managing Partner Capital Markets. Mr. Cater also served as CEO of an Accenture affiliated company "Epvalue", which provided outsourced procurement services for US and European companies. He was also Accenture's lead in the formation of Avanade, a joint venture company created with Microsoft focused on providing technology solutions for businesses. Mr. Cater holds a BS in Economics and an MBA in Finance from Texas A&M University.
Jim O'Neal - Chief Operations Officer Mr. O'Neal is a senior level executive with experience across a broad landscape of industries including logistics, transportation, energy, consulting, manufacturing and aerospace. He has held positions with Dynegy, Chevron, Gulf Oil, and NASA. His operational experience includes Director of Inland/Marine operations with Dynegy, where he managed transportation, terminals, marine operations, pipelines and distribution of all gas liquids for the company. He also was Area/Division Manager for Warren Petroleum where his responsibilities included managing terminal, marine and rail fleets for the distribution of product. Mr. O'Neal holds a B.S. in Mechanical Engineering and an MBA in Finance from the University of Arkansas and is a registered member of the Society of Naval Architects and Marine Engineers.
Stuart C. Cater, CPA - Chief Financial Officer Mr. Cater began his professional career in public accounting with both Ernst and Young and Arthur Andersen. During this part of his career, he provided taxation and business consulting services to his clients. Mr. Cater then moved into private industry and has held management positions with both start-up and publicly traded companies in the finance and information technology arenas. Mr. Cater holds a B.S. in Economics from S.U.N.Y. at Oneonta and an MBA in Accounting from Texas A&M University. He is a member of the AICPA, Texas Society of CPA's and the Houston Chapter of CPA's.
Richard C. Cilento - Director Mr. Cilento serves as a director of the Company. He is currently the President, Chief Executive Officer and Founder of FuelQuest, Inc. FuelQuest provides on-demand supply chain management and tax automation software and services for suppliers, distributors, fuel buyers, and traders in Global Downstream Energy. Mr. Cilento brought a broad scope of experience in technology, operations and business development to his role as President and Chief Executive Officer of FuelQuest. He is a co-founder of The Bollard Group, which provides investment banking services to petroleum distribution companies and other high-growth business ventures. Prior to co-founding The Bollard Group, he held senior-management positions with several technology firms, including Xerox Corp, where he served as Vice President of Strategic Services. Prior to that, he was the Vice President of Corporate Services for XLConnect Solutions, where he served as the lead technologist for advanced systems and managed the organization through its Initial Public Offering and its eventual merger with Xerox, forming Xerox Connect Solutions. Mr. Cilento began his career at NASA, where he and the Flight Planning team were responsible for redesigning NASA's Mission Control Center and implementing NASA's Software Management Plan. He holds a BS degree in Aeronautical and Astronomical Engineering from the University of Illinois, an MBA at the University of Houston.
Richard A. Robert, CPA - Director Mr. Robert serves as a director of the Company. He is a financial executive with expertise in acquisitions, divestitures, economic analysis, capital formation via debt and equity markets, and financial risk management. Through the course of his career, he has dealt extensively with Wall Street analysts, investment bankers, and commercial bankers. He is currently the Executive Vice-President and Chief Financial Officer of Vanguard Natural Resources, LLC which is a natural gas and oil production company focused on the development and exploitation of mature long-lived natural gas and oil reserves in the Appalachian basin. In addition, he is the current co-owner and co-founder of Cova Hand-Selected Wines, Custom Living Properties, LP and Lifewear Products, LP. He served as the Interim Chief Financial Officer of Massey Energy Company, a coal company in the United States. Mr. Robert was the Vice-President of Finance of Enbridge US, Inc. ("Enbridge") after Enbridge's acquisition of Midcoast Energy Resources, Inc ("Midcoast"). Enbridge is an energy company based in Calgary, Alberta. Mr. Robert served as the Chief Financial Officer and Treasurer of Midcoast. Midcoast was a growth-oriented energy company engaged in the transportation, gathering, processing, and marketing of natural gas and other petroleum products. He was involved in the merger by and between Midcoast and Enbridge. Mr. Robert began his career with Arthur Andersen, LLP as an energy auditor. He holds a BBA from Southwest Texas State University with a Concentration in Accounting.
Jackson L. Wilson, Jr. - Director Mr. Wilson serves as a director of the Company. From 1975 through August 2004, Mr. Wilson served in various roles at Accenture Ltd. including Managing Partner - Accenture Technology Ventures, Corporate Development Officer and, most recently, Chief Executive Officer - Business Process Outsourcing. In August 2004, Mr. Wilson retired. Mr. Wilson has served as a director and Audit Committee Chairman of i2 Technologies Inc. since April 2005, as a director of Seraph Group since June 2005 and as a director of Garrison Enterprises since May 2007. Mr. Wilson formerly served on several public company boards, including Accenture LTD, Security First and SeeBeyond Technologies and numerous private company boards.
Jeffery P. Ploen - Director Mr. Ploen has served as a director of the Company since October 2006. He has been a member of the investment banking industry for over 25 years specializing in small or micro cap firms. He is a founding partner and is currently the CEO and Chairman of the Board of Iofina Natural Gas plc. He served as the former Chairman, President and CEO of Tonga Capital Corp. He was the former Chairman and CEO of Paradigm Holdings, Inc. He is the former hedge fund manager of the Olive Fund, LLC. Mr. Ploen held positions with several small cap brokerage houses from 1972 through 1994 including Engler and Budd, Cohig and Associates, Neidiger, Tucker and Brunner and Institutional Securities, Inc. For the past ten years, Mr. Ploen has served as the President of J. Paul Consulting Corp., a firm specializing in financing for small and micro cap firms.
About Tonga Capital and Momentum Biofuels Tonga operates in the biodiesel industry through its wholly-owned subsidiary, Momentum Biofuels. Momentum is a start-up biodiesel producer focused on servicing the U.S. Gulf Coast and international biodiesel markets. Momentum plans to manufacture high quality, low cost and socially responsible biodiesel fuels that complement and integrate with the existing diesel fuel supply chain. Biodiesel is a domestic, renewable fuel for use in diesel engines that is derived from natural vegetable oils and animal fats. Biodiesel contains no petroleum, but can be used in any concentration with petroleum-based diesel fuel in existing diesel engines without engine modification. Biodiesel is the fastest growing segment of the alternative fuel market and has been shown to reduce emissions of total unburned hydrocarbon by as much as 70% and total carbon monoxide and other particulate matter by almost 50%.
Momentum's goal is to construct four (4) 20 million gallon biodiesel plants. The company has decided to build plants in the 20 million gallon range to maximize Federal and State production incentives. If the current structure of the incentives is changed or if its economic model shows efficiencies with increased plant size, Momentum can easily transition to larger plants because the Company's technology is fully scalable. The Company's construction plans and manufacturing processes utilize a multi-feedstock strategy to diversify financial risk and unanticipated feedstock supply limitations.
For more information, visit the Company's website at www.momentumbiofuels.com.
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General Metals Corp. (OTC BB: GNLM)
General Metals Corporation Executes Confidentiality Agreement With Newmont Mining Providing Mutual Protection on Data Exchange at Independence Mine
June 18, 2007-- General Metals Corporation (FRANKFURT: GMQ) (the "Company") confirms that on June 14, 2007, after several discussions and meetings at the Company's Independence Mining claims with neighbor Newmont Mining www.newmont.com, we entered into a joint confidentiality agreement regarding an exchange of data by both parties. As previously stated, our Independence Mine is an island in Newmont Mining's claims where their Phoenix Mine is the largest operating gold mine in the US with 8.5 million ounces of gold and 660 million pounds of copper in reserves.
We have requested an opportunity to expand our deep drilling program to Newmont's claims that lie immediately to the west of our claims, believing that our already identified deep target of around 2 million potential ounces of gold will more than double should we be able to expand the drilling footprint. Newmont and General Metals will exchange confidential data "to determine if they wish to sell or participate in an agreement for the properties within the area of interest." Company President and CEO Steve Parent said: "Now that we are ready to share our recently digitized historical information, along with our upcoming drilling on our Phase 1 shallow target, we have the opportunity to work with our neighbor Newmont on future development of our Deep drilling target and on other mining matters of interest. We believe that the timing is right for this important step, since we are commencing drilling operations on our Phase 1 shallow program and are planning our Phase 2 deep drilling program." About General Metals Corporation, Inc: General Metals is a gold and silver mining Company that operates the Independence Mine in Battle Mountain, NV and has recently acquired 150 sq. km. with a full prospecting license for gold, diamonds and base metals in Ghana, West Africa. The Independence mine is predominately a silver mine that produced from 1938 through 1987. Historic production by the various operators totaled 750,200 ounces silver and 11,029 ounces gold. The average recovered grade of all recorded production was 0.17 oz. gold and 11.53 ounces of silver per ton. Historical and recent geologist and engineering reports discuss an estimated 235,000 ounces of gold and 2.5 million ounces of silver in the Independence shallow target (Phase 1) and from 818,000 -2 million ounces of gold in the Independence deep target.(Phase 2). A comprehensive discussion is available at www.generalmetalscorporation.com
As a trader, a very intelligent place to put your money, is where the money is flowing into. These are the kind of trades that you want to get into.
As the saying goes...follow the money!
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