Stocks to Watch: Bancroft Uranium Inc (OTC BB: BCFT), GREM USA (OTC BB: GRMU) , Earth Biofuels, Inc. (OTCBB: EBOF), Copper King Mining Corporation (PINKSHEETS: CPRK), Golden Star Resources Ltd. (AMEX: GSS)
Featured Stock: Bancroft Uranium Inc (OTC BB: BCFT) Current Price (0.71) www.SmallCapStockAnalyst.com
Bancroft Reviews Potential Uranium Acquisitions in Southern Africa
Scottsdale AZ, June 9, 2008 -- Bancroft Uranium Inc. (OTCBB: BCFT) (“Bancroft” or the “Company”) today announces that the Company is in the process of reviewing potential acquisition opportunities in Southern Africa.
Bancroft President Paul Leslie Hammond and the Company engineering team have just returned from a three week property evaluation trip to Africa, during which, Bancroft representatives were reviewing the potential for participation in a uranium development project in Namibia. In addition, the Company also reviewed the possibility of entering into other commodity projects in South Africa and Zimbabwe. These commodity projects are related to gold, platinum, manganese and coal.
Mr. Hammond stated that he was “extremely pleased with the quality and quantity of the opportunities presented to the Company in Southern Africa. The overall potential to acquire a large project at a reasonable cost is excellent. The uranium prospects in Namibia are exceptional and Namibia is forecast to be the world’s leading exporter of uranium by 2015.”
Bancroft will continue to update the public on these recent developments following the culmination of the current, ongoing negotiations with other parties.
For inquiries from the public and media concerning the Monmouth Uranium Project please contact Greenspirit Strategies at 1-877-54 GREEN or 1-877-544-7336. For shareholder and investor information please contact investor relations at 1-866-860-2995
ABOUT BANCROFT URANIUM INC. (OTCBB: BCFT)
Bancroft Uranium Inc. is an exploration Company which intends to develop Uranium assets in North America. Bancroft’s initial asset, the Monmouth Uranium Project is envisioned to have the potential of a low cost, open pit uranium producer located close to infrastructure and end product buyers.
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 development, costs and results of our exploration program at our uranium properties and any anticipated future production. 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 and development stage exploration companies. 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 most recent fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
ON BEHALF OF THE BOARD
Bancroft Uranium Inc.
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P. L. Hammond, C.A.
President and Chief Executive Officer
To find out more about Bancroft Uranium Inc. (OTCBB: BCFT), visit our website at www.bancrofturanium.com.
Public and Media Information: 1-877-544-7336
Shareholder and Investor Information: 1-866-860-2995
Source: Bancroft Uranium Inc.
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GREM USA (OTC BB: GRMU), Current Price (0.0013) www.SmallCapStockAnalyst.com FORT WAYNE, IN-- Jun 6, 2008 -- GREM USA (OTC BB:GRMU.OB - News) ("GREM," "the Company"), an emerging leader in the design and manufacturing of custom hand-crafted and electric guitars, today announced that the Company has commenced introductory merger talks with a nationally-recognized top-tier guitar manufacturer ("the Manufacturer").
Earth Biofuels, Inc. (OTCBB: EBOF), Current Price (0.04) www.SmallCapStockAnalyst.com ALT LNG produces and markets liquefied natural gas (LNG). The Company is focused on meeting the growing demand for alternative fuels in the domestic market. The Company's Web site is www.altlngusa.com. Earth Biofuels endeavors to produce and distribute biodiesel fuel through wholesale and retail outlets. The fuel is sold under Willie Nelson's brand name, "BioWillie®." Earth Biofuels also produces and markets liquefied natural gas (LNG) through its subsidiary, ALT LNG. The Company is focused on meeting the growing demand for alternative and renewable fuels.
Copper King Mining Corporation (PINKSHEETS: CPRK), Current Price (0.12) www.SmallCapStockAnalyst.com
MILFORD, Utah-- Copper King Mining Corporation (Pink Sheets:CPRK - News), an ore mining, processing, and exploration company located in Milford, Southern Utah, announced today that it has obtained a long-term financing commitment for the company’s copper mining and milling operations from OCS Capital Group LLC (OCS).
Golden Star Resources Ltd. (AMEX: GSS), Current Price (3.26) www.SmallCapStockAnalyst.com Golden Star holds a 90% equity interest in Golden Star (Bogoso/Prestea) Limited and Golden Star (Wassa) Limited, which respectively own the Bogoso/Prestea and Wassa open-pit gold mines. We also own a 90% interest in the Hwini-Butre and Benso properties through subsidiaries in Ghana. In addition, Golden Star has an 81% interest in the currently inactive Prestea Underground mine in Ghana, as well as gold exploration interests elsewhere in Ghana, in other parts of West Africa and in the Guiana Shield of South America. Golden Star has approximately 236 million shares outstanding.
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