Stocks to Watch: Gemini Explorations, Inc. (OTCBB: GXPI), Global General Technologies, Inc (OTC BB:GLGT) , Amazon Biotech, Inc. (OTC BB:AMZO) , CHDT Corporation (OTC BB:CHDO) , Surge Global Energy, Inc. (OTC BB:SRGG)
Featured Stock: Gemini Explorations, Inc.
(OTCBB: GXPI)
Current Price (0.14)
http://www.wallstreetstockreview.com/
Gemini Explorations Closes on Financing for the Re-Development of the Los Chorros Gold Mine
Mine Modernization Projected to Yield US$12,900,000 of Net Cash Flow to Gemini
CALGARY, AB----Dec 10, 2007 -- Gemini Explorations Inc. ("Gemini") (OTC BB:GXPI.OB - News) is pleased to report that it has completed negotiations for financing the modernization and complete re-development of the Los Chorros Gold Mine. The first tranche of US$500,000 should be received by Gemini in the next 5 days and the second tranche of US$300,000 within 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.
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 that the financing will close on specified dates, 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.
Contact:
Michael Hill President Gemini Explorations, Inc Suite 103240-11th Ave SW Calgary , AB T2R 0C3 http://www.geminiexploration.com email: info@geminiexploration.com 403-697-4877
Source: Gemini Explorations, Inc.
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Global General Technologies, Inc
(OTC BB:GLGT)
Current Price (0.032)
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MIAMI, FL---Dec 10, 2007 -- Global General Technologies, Inc. (OTC BB:GLGTE.OB - News) announced today that the company was informed by a number of investors that a press release dated November 27 appeared under the company's symbol "GLGT" at Yahoo! Finance that references a Canadian company, GLG Life Tech Corporation. Apparently, GLG Life Tech had engaged an agent for a very large proposed private placement. Global General Technologies' management wants to make clear to all shareholders that the company is not doing any private placement. Global General Technologies, Inc. has operated in the past in the Intelligent Video surveillance market with an innovative perimeter defense security system. There is no known competitor that has implemented Intelligent communications for a total integrated solution. Through its wholly owned subsidiary, H7 Security Systems, Inc., Global General Technologies offers a high quality, durable intelligent surveillance system for perimeter defense security utilizing video, sound, seismic and thermal sensors and satellite technology from various manufacturers which is integrated into a real-time command and control system known as the Silent Soldier. The technologies are packaged with the company's proprietary Intelligent Communication Node (ICN) technology. GLGT evaluates the security threats and notifies the command and control center of potential intrusions. The highest quality and durable video, sound, seismic, and thermal sensors are combined with satellite technology and robotics to blanket a perimeter in surveillance equipment. The result is a command and control center that not only communicates with each piece of equipment on the perimeter, but communicates efficiently with command and control center personnel. The Silent Soldier system provides video surveillance to detect early movement and follow up with rapid threat identification, tracking, notification and prioritization through automated decision making in the field and not relying on command and control center action. Corporate website: www.globalgeneraltechnologies.com
Amazon Biotech, Inc.
(OTC BB:AMZO)
Current Price (0.10)
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NEW YORK, NY----Dec 10, 2007 -- Amazon Biotech, Inc. (OTC BB:AMZO.OB - News) (Frankfurt:B2D.F - News) has released the following update to shareholders.In the past six months, Amazon Biotech, Inc. has raised $215,000 in capital and is in negotiations for a further $2.3 Million. Upon the successful completion of funding the Company will focus on initiating phase I/II trials for its AIDS Drug AMZ0026. Amazon Biotech, Inc. is a natural plant pharmaceutical drug company, primarily developing immunomodulator drugs. AMZ0026 is the Company's first such drug to be used for the treatment of HIV/AIDS. The Company plans on initiating Phase I/II clinical studies of AMZ0026 in the near future, with an eventual goal of attracting a joint venture partner with a major pharmaceutical company in Phase III trials, or follow the FDA Fast Track program to market. Amazon Biotech specializes in natural plant pharmaceutical drugs and is focused on bringing healthier pharmaceutical drugs to market.
CHDT Corporation
(OTC BB:CHDO)
Current Price (0.02)
http://www.wallstreetstockreview.com/
DEERFIELD BEACH, FL----Dec 10, 2007 -- CHDT Corporation, a Florida corporation (OTC BB:CHDO.OB - News) (CHDT), announced today the appointment of Laurie Holtz as its Chief Financial Officer, effective December 10, 2007. CHDT Corp. (http://www.chdtcorp.com) 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; and Overseas Building Supply (OBS) is engaged in distribution of building materials including but not limited to roof tiles, interior doors, and insulation materials. Reference of URLs in this press release does not incorporate said URLs or any of their contents in this press release.
Surge Global Energy, Inc.
(OTC BB:SRGG)
Current Price (0.16)
http://www.wallstreetstockreview.com/
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