Calgary, AB 12/6/2007 7:20:00 PM
News / Finance

GEMINI EXPLORATIONS COMMENCES MODERNIZATION OF THE LOS CHORROS GOLD MINE

 

Stocks to Watch: Gemini Explorations, Inc.  (OTCBB: GXPI), China Direct Trading Corp. (OTCBB: CHDT), AlphaTrade.com  (OTC BB:APTD) , National Investment Managers  (OTC BB:NIVM) , MortgageBrokers.com, Inc. (OTC BB:MBKR)

 

 

 

Featured Stock: Gemini Explorations, Inc.

(OTCBB: GXPI)

Current Price (0.12)

http://www.smallcapstockanalyst.com/

 

 

GEMINI EXPLORATIONS COMMENCES MODERNIZATION OF THE LOS CHORROS GOLD MINE

 

~Mine modernization projected to yield US$12,900,000 of net cash flow to Gemini~

 

Calgary, AB -- December 6, 2007 -- Gemini Explorations Inc, (“Gemini”) OTCBB: GXPI, is very pleased to report that it has commenced the modernization and complete re-development of the Los Chorros Gold Mine. Minera Primecap Geological Services (MPGS) of Medellin, Colombia will be managing the project on behalf of Gemini. The upgrade should be complete in the first half of 2008. 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, Colombia’s vast mineral potential has remained virtually unexplored using modern exploration and mining techniques. The Department (Province/State) of Antioquia alone produces over 1,000,000 ounces of gold per year currently, and most of it is produced from antiquated production equipment and facilities. Driven by a new era of political and economic stability and an investment-friendly mining code, Colombia has emerged as one of the resource sector’s most attractive new mining frontiers.

 

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

Suite 103, 240-11th Ave SW

Calgary, AB T2R 0C3

 

http://www.geminiexploration.com/  email: info@geminiexploration.com

 

403-697-4877

 

 

 

For an in-depth analyst report, please visit: www.SmallCapStockAnalyst.com

 

China Direct Trading Corp.

(OTCBB: CHDT)

Current Price (0.03)

www.SmallCapStockAnalyst.com

DEERFIELD BEACH, FL----Oct 18, 2007 -- CHDT Corp. (OTC BB:CHDO.OB - News) announced today that the Company had concluded its Rule 506 private placement of Common Stock on October 19, 2007. The Company raised a total of $541,000 gross offering proceeds under the private placement. The net proceeds of approximately $528,000 will be primarily funding the upcoming launch of STP-branded, new product development. Stewart Wallach, Company's Chief Executive Officer, invested $100,000 in the private placement offering.                    About China Direct: China Direct (http://www.chdt.us) is a holding company engaged through its operating subsidiaries in the following business lines: Capstone Industries, Inc. (www.capstoneindustries.com) is engaged in product development, manufacturing, distribution, logistics and product placement to importers, theme parks, and mass retail of souvenirs, gifts, and consumer products. Overseas Building Supply (OBS) is engaged in distribution of building materials including but not limited to roof tiles, interior doors, and insulation materials.

 

AlphaTrade.com

(OTC BB:APTD)

Current Price (0.22)

www.SmallCapStockAnalyst.com

VANCOUVER, British Columbia--Dec 4--AlphaTrade (OTCBB: APTD - News), a leader in innovative digital media and mobile solutions, is pleased to announce a strategic partnership with Fortress Features of Culver City, CA. AlphaTrade has quickly grown into a multi-faceted digital media and promotion agency due to our association with major league sports teams in the MLB, NBA, Professional Bull Riding and drag racing.              AlphaTrade.com's innovative advertising program connects people and industries in a unique way to provide measurable results. Companies seeking to expand their brand and gain exposure will appreciate the dynamics of an all-encompassing marketing plan that utilizes a variety of digital media tools in combination with a strong financial product to accomplish the task. AlphaTrade.com is a top web property that has partnered with strong sports teams to further its brand and the exposure for its clients. These include: the New York Mets (www.mets.com), Tampa Bay Devil Rays (www.devilrays.com), Kenny Bernstein Drag Racing Team (www.kennybernstein.com), Professional Bull Riders (www.pbrnow.com), Huntin' the World Southern Style (www.huntintheworld.com), and the American Drag Racing League (www.adrl.com). Visit www.alphatrade.com to find out more.

 

National Investment Managers

(OTC BB:NIVM)

Current Price (0.80)

www.SmallCapStockAnalyst.com

DUBLIN, Ohio--Dec 4--National Investment Managers (OTC BB: NIVM - News), the largest independent national retirement services company, providing retirement plan administration, investment consulting, and insurance services to small businesses, with assets under administration exceeding $10 billion, announced today the closing of a refinancing led by Citizens and Woodside to provide $27 million of senior and mezzanine loans to refinance the balance sheet of the company and fund several acquisitions currently subject to letters of intent. As part of the financing, Citizens is providing $15 million in senior debt with Woodside and Lehman Brothers providing $12 million in mezzanine debt. The overall debt package can be increased to $37 million, based upon certain criteria, for continued acquisitions by National Investment Managers. As part of this long term debt arrangement, Woodside and Lehman will obtain rights for warrants for an aggregate 12% interest in the company at prices from $0.50 to $1.50 per share.                          National Investment Managers Inc. is a holding company and a consolidator of pension plan administration, investment management and insurance businesses. Its strategy includes a custom-tailored acquisition formula for each acquired business, which allows local and regional entities to retain their autonomy while benefiting from the reach that a national presence offers. National Investment Managers targets businesses with stable cash flows and high operating margins to ensure successful integration of operations once a sale is concluded. Acquired companies continue to operate under their own brands, usually with minimal staff turnover to ensure that relationships of many years’ standing are not disrupted. At the same time, these formerly small businesses can cross-sell related financial services under the National Investment Managers umbrella and enjoy administrative and other support from around the country.

MortgageBrokers.com, Inc.

(OTC BB:MBKR)

Current Price (0.35)

www.SmallCapStockAnalyst.com

TORONTO, Dec. 4 - MortgageBrokers.com Holdings Inc. (OTCBB: MBKR, the "Company") today announced that the Company's relationship with RE/MAX continues to expand across Ontario and Atlantic Canada. As of November 7th, 2008 over 40 Service Level Agreements have been signed totaling 76 RE/MAX offices which represents in excess of 30% of the RE/MAX franchise network sales force.            MortgageBrokers.com is an online lead generator and mortgage brand specializing in the mortgage brokerage sector. The Company is dedicated to re-branding the over 40,000 small and medium mortgage broker (SME) firms in North America while providing these entities scalability through a centralized shared services platform. MortgageBrokers.com is designed to facilitate continued ownership for these SME brokers while they work under the umbrella of one globally recognized brand. The Company provides centralized services in the areas of payroll and accounting, compliance, marketing, technology, HR and lead generation to afford our brokers improved access to potential customers through strategic alliances and partnerships. MortgageBrokers.com also provides its national team the opportunity to leverage origination with lending institutions, establish higher referral fees from lenders, and give its team members the ability to earn ownership in a publicly-traded entity with the goal of an eventual career exit strategy.

 

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