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Brownstone Resources Inc. (Pink Sheets: BWNR - http://finance.yahoo.com/q?s=BWNR.PK ) (Tue, July 15, 2008, 9:40am ET) Brownstone Resources Inc. is pleased to announce that the company has completed their option payments to date as required for the earn in portion of the "LS Grande" gold/silver/copper property, located in NE Arizona.
Additionally, Brownstone has received the "Phase One" development plan for the LS Grande, and is in the process of reviewing the plan for approval. Management anticipates final approval of the plan within the next few days.
"We are really excited about the prospects of the LS Grande property, the potential of the project and the effectiveness of the plan to deliver the results we are after. We have completed some limited ground geophysics, and collected surface samples for assaying... now we are going to proceed with putting a few holes down and, in due course, move forward with the completion of phase one," said Ken Lamb, Brownstone Resources Inc.
Phase One is proposed to include a limited drill program to further test the zone at depth, along with core sampling and assaying, followed by additional prospecting, claim staking, and more surface sampling.
Brownstone will announce a start date for commencement of work once the plan has been approved.
Brownstone is a gold exploration company focused on creating value for shareholders by exploring and developing high-grade gold mining properties. Details of Brownstones projects are available on the Company's website at www.brownstoneresources.com.
Hunt Gold Corporation (Pink Sheets: HGLC - http://finance.yahoo.com/q?s=HGLC.PK ) (Mon, July 14, 2008, 12:06pm ET) Hunt Gold Corporation announced that certain Investment Groups had now assumed voting control of the Company and that the Board of Directors, with the assistance of these Investment Groups, was in discussions to dispose of its recently acquired "Molygold" assets.
The Board of Directors can now confirm that the Company will definitely be disposing of its "Molygold" interests.
The proceeds from the sale of these "Molygold" interests are to be utilized to effect a share buyback of the Company's "free float" of Common Stock.
The Company will focus its attention on its Gold Mining & Exploration assets.
The Company has no plans to effect any Placement of its stock for cash whatsoever, as it has the necessary funding facilities in place in order to execute its plans for its Gold Mining & Exploration assets, commencing with its "Mockingbird" mine on September 1, 2008.
Stockholders will continually be advised accordingly, as your Company's Management becomes aware of further details and developments.
Mainland Resources, Inc. (OTCBB: MNLU - http://finance.yahoo.com/q?s=MNLU.OB ) (Tue, July 15, 2008, 9:15am ET) Mainland Resources, Inc., a Nevada corporation (the "Company and Petrohawk Energy Corporation ("Petrohawk") (NYSE: HK) have entered a binding agreement for the joint development of the Haynesville Shale on Mainland Resources' properties ("the Leases") in De Soto Parish, Louisiana effective July 14, 2008.
Mainland Resources, Inc., holds interest in approximately 2,695 net acres which form part of the East Holly Field in De Soto Parish, northwest Louisiana.
Under the terms of the Agreement, Petrohawk agrees to pay 100% of the costs of development associated with the first well drilled below the Cotton Valley Formation, including drilling, completing and fracture stimulating, as well as costs up to and including pipeline connection. Petrohawk also agrees to pay 80% of all costs of the second well drilled on the Leases below the base of the Cotton Valley and Mainland agrees to pay 20% of the costs. For the third and all subsequent wells drilled on the Leases below the base of the Cotton Valley Formation, Petrohawk will pay 60% and Mainland will pay 40%.
Mainland will transfer 60% of its De Soto Parish leases to Petrohawk at closing, but only as the Leases relate to all depths below the base of the Cotton Valley Formation, and specifically the Haynesville Shale. Petrohawk agrees to gather and market Mainland's production from above the base of the Cotton Valley Formation, pursuant to a mutually acceptable agreement.
Mainland Resources President Mike Newport states, "The opportunity to work with Petrohawk Energy Corporation to jointly develop the Haynesville Shale on our properties changes the complexion of our entire company going forward. Petrohawk has built considerable expertise in the Haynesville and they bring major financial and operational resources that would speed up our Haynesville development in a very big way."
"This arrangement allows Mainland to continue development on our De Soto Parish leases focusing on upper levels in the Cotton Valley and Hosston formations that we believe could also prove very productive," says Newport. Petrohawk (or its affiliate) will be designated Operator on all development. The first well under this agreement between Mainland and Petrohawk is anticipated to be spudded before August 31, 2008.
The Agreement is subject to customary due diligence to be carried out by Petrohawk. The companies expect to close the transaction no later than July 31, 2008.
Hall of Fame Beverages, Inc. (Pink Sheets: HFBV - http://finance.yahoo.com/q?s=HFBV.PK ) (Tue, July 15, 2008, 1:05am ET) Hall of Fame Beverages, Inc. is proud to announce that they have licensed for commercial use the widely popular hit song "Atomic Dog" by George Clinton. The iconic and classic hit song "Atomic Dog" transcends both cultural and demographic divides worldwide and is one of the most influential and recognized dance songs in the history of both Pop and Urban music.
CEO Robert Rosario states, "I am thankful to Bridgeport Music Inc. (BMI), Southfield Music Inc. (ASCAP), and George Clinton for allowing us to continue in the grand entertainment tradition of the P-FUNK through our Atomic Dogg energy drink."
Mr. Rosario adds, "The song Atomic Dog' will be instrumental in spearheading our roll out Marketing and Advertising campaign for the brand. It will be an integral component in telling our Atomic Dogg story in our radio/internet, and television advertising campaigns. The song combined with our promotional material I believe is going to create excitement at retail along with instant brand awareness with our core demographic and the general market as well."
"I am very excited about our Atomic Dogg marketing campaign," added Calvin Ross, COO of HFBV. "Along with being a great song that bears the name of our drink, it will also give us tremendous brand recognition and credibility with our target market."
Both Robert Rosario and Calvin Ross will be begin a 5 city trip next week to meet with media, radio stations, and promotion companies to start the Atomic Dogg advertising awareness campaign. To view the Atomic Dogg Promotional Campaign and listen to the first of Atomic Dogg radio commercials go to the newly created MySpace page at www.myspace.com/atomicdoggenergy.
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