dallas 8/5/2010 11:49:22 PM
News / Business

PennyTrader.com Initiates Coverage of Elray Resources, Inc.(OTCBB: ELRA)

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About Elray Resources, Inc. (OTCBB: ELRA)

Elray Resources, Inc. is a junior exploration and development Corporation which has successfully accumulated a portfolio of highly prospective, heavily mineralized mining tenements in South East Asia and South America. Elray Resources, Inc.'s, primary objectives are to source projects, conduct geological assessments and seek Joint Venture partners to develop the properties.

The Company was founded by senior executives and geologists with experience with the major gold production companies who saw a niche for a company that could combine the level of expertise typically found in a major with the responsiveness, speed and growth potential of a junior.

August 5 - Elray Resources: Stable Ecuadorian Economy Ready for Growth in Mining Sector

Country's Mining Industry Now Fully Regulated, Providing for Stability and Adoption of International Standards

Elray Resources, Inc. (OTC.BB:ELRA - News), a global exploration and production mining company with a portfolio of valuable properties, is pleased to report that numerous agencies and institutions expect that Ecuador's Mining sector will be a major engine of growth in the coming years.

For full a detailed quote and news visit: http://www.pennytrader.com/hot-stock-picks/elray-resources-inc/

 

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Disclosure: PennyTrader.com and affiliates have received nine thousand dollars from a third party (Galaxy LLC) for ELRA advertising and promotional services.

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