Stocks to Watch: Gemini Explorations, Inc. (OTCBB: GXPI), CSMG Technologies, Inc (OTC BB:CTUM) , MobiClear Inc. (OTCBB:MBIR), OG Nation (PinkSheets:OGNA) , Rio
Featured Stock: Gemini Explorations, Inc.
(OTCBB: GXPI)
Current Price (0.15)
http://www.smallcapstockanalyst.com/
Los Chorros Gold Mine Upgrade Projected to Generate US$12,900,000 Net Cash Flow to Gemini Explorations Inc.
-- Financing for Gold Mine Modernization Reaches Final Negotiations
Calgary, AB- December 4, 2007 -- Gemini Explorations Inc, (“Gemini”) OTCBB: GXPI, is pleased to report that it is in final negotiations for financing the modernization and complete re-development of the Los Chorros Gold Mine. The financing is equity based and should be completed within the next 14 days. The total cost of the project is estimated to be US$595,900, adding a contingency factor of 30% would bring the maximum projected total to US$774,700.
The Los Chorros Mine is currently being mined with extremely antiquated equipment and this report further solidifies Gemini’s belief that the project could be turned into a highly efficient producing gold project with low capital costs. Current mining operations at Los Chorros recover a low percentage of the available gold and precious metals present on the property. The plant would initially run at 30 to 50 tonnes/day with a targeted production rate of 100 tonnes per day during the first year. Minera Primecap Geological Services (MPGS) reported that a 100 tonne per day production rate would produce US$1,080,280 monthly and over US$12,900,000 annually. These estimates are based on US$730 per ounce gold with US$200 per ounce operating and production costs netting US$530 per ounce.
Historically one of the largest gold producing countries in the world,
Notice Regarding Forward Looking Statements
This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the expectation of the gold production of the property, the expected completion date of the redevelopment and modernization of the Los Chorros Gold mine and the low capital costs to upgrade the Los Chorros operating plant and the net cash flow estimates.Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the 2006 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Michael Hill
President
Gemini Explorations, Inc
http://www.geminiexploration.com/ email: info@geminiexploration.com
403-697-4877
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CSMG Technologies, Inc
(OTC BB:CTUM)
Current Price (0.98)
CORPUS CHRISTI, Texas--Dec 3--CSMG Technologies, Inc. (OTCBB: CTUM - News) President and CEO Donald S. Robbins today announced its subsidiary, Live Tissue Connect (“LTC”), received CE Mark certification for its new VAD.400 RF Generator. CSMG Technologies is a technology management company that finances, owns, develops, licenses and markets innovative advanced technologies and business opportunities created in the
MobiClear Inc.
(OTCBB:MBIR)
Current Price (0.02)
OG Nation
(PinkSheets:OGNA)
Current Price (0.22)
LOS
Rio
(NasdaqGM:RVEP)
Current Price (15.22)
BROWNSVILLE, Texas--Dec 4--Rio Vista Energy Partners L.P. (NASDAQ: RVEP - News), or "Rio Vista", an energy master limited partnership, announced today that it has completed its previously announced private placement with institutional investors of 355,556 common units of Rio Vista at a price of $11.25 per unit. The gross proceeds to Rio Vista were approximately $4 million before payment of offering expenses. The purchasers of the common units were Standard General Fund L.P., Credit Suisse Management LLC and Structured Finance Americas, LLC. Rio Vista intends to use the net proceeds of the private placement for general working capital purposes. Rio Vista is a master limited partnership focused on acquiring and developing oil and gas exploration, production and transportation assets. Through its subsidiaries, Rio Vista currently owns certain leasehold interests of oil and gas producing properties and associated pipeline gathering systems in East Central Oklahoma and certain liquefied petroleum gas assets, including pipelines running from a terminal facility in
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