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July 30, 2008 - Uranium 308 Corp. (OTC BB:URCO.OB) (The "Company") is pleased to announce that Investsource, Inc., a multimedia & investor relations firm specializing in bringing small- and micro-cap companies to the attention of the broader public, has added the Uranium 308 Corp. (OTC BB:URCO.OB) to its rapidly growing "InvestSource Index" of publicly traded securities.
Uranium 308 Corporation is the latest in a line of companies to recognize the potential benefits of placement in the InvestSource Index, a robust and feature-rich platform that incorporates the latest communications tools to create the most interactive environment for issuers and investors to interact, research, and communicate. A full profile of Uranium 308 Corp., including expanded company description, trading charts, and market highlights, is now available on the InvestSource website at: www.investsourceinc.com.
July 30, 2008 - Crosshair Exploration and Mining Corp. (Toronto:CXX.TO)(CXZ) is pleased to announce that it has closed on the agreement with Universal Uranium Ltd. ("Universal") to acquire all of Universal's 60% interest in its Central Mineral Belt (CMB), Labrador, uranium project, consisting of approximately 4,741 claims and including the Two Time uranium deposit, which sits outside the Labrador Inuit Land area.
The Two Time Zone is the most advanced prospect within Universal's 1,184 square kilometre land holdings in the CMB and is a joint venture partnership with Silver Spruce Resources ("Silver Spruce"), whereby Silver Spruce retains a 40% ownership. Crosshair will be the operator of the project. The Two Time Zone has an existing NI 43-101 compliant indicated resource of 2.33 million pounds of uranium (U3O8) (1.82 million tonnes grading 0.058% U3O8) and an additional inferred resource of 3.73 million pounds of U3O8 (3.16 million tonnes grading 0.053% U3O8).
The complete resource estimate can be found in the NI 43-101 report entitled Technical Report on the CMBNW Property, Labrador, Canada dated June 12, 2008, as filed on SEDAR on June 13, 2008 by both Universal and Silver Spruce.
July 30, 2008 - BlastGard International, Inc. (OTCBB:BLGA), a leading provider of proprietary blast mitigation materials, is pleased to announce that the first complete BlastGard Barrier System ("BBS") has been constructed for demonstration purposes and initial reaction from the Middle Eastern market has been very exciting. We have a number of agents on the ground in this market and based on the overwhelming response to the product, we anticipate that it will become one of our highest volume products. In addition, the company has also completed a technical presentation for our PipeWrap product per our agreement with Orasi, LLC ("Orasi") of Nevada to the Saudi Ministry of Interior and Saudi Aramco and received an excellent review from the participants. Saudi Aramco is the state-owned national oil company of Saudi Arabia and the largest oil corporation in the world. We have appointed an Agent in Saudi to represent this product and are in final stage negotiations with a leading Saudi owned distributor/contractor to handle all installation responsibilities for PipeWrap and BlastGard Barrier Systems. We are very pleased with the progress we have made in the commercialization of our core product over the past year and we now stand ready to capitalize on these new product opportunities.
July 30, 2008 - -- Paul N. Wright, President and Chief Executive Officer of Eldorado Gold Corporation ("Eldorado" or the "Company" or "we") (Toronto:ELD.TO)(EGO) today announced that Eldorado has entered into a letter agreement (the "Agreement") with AngloGold Ashanti ("AngloGold") for the sale of all the shares of Sao Bento Gold Limited ("SBGL") together with its wholly owned subsidiary Sao Bento Mineracao S.A. which in turn holds all the assets and liabilities of the Sao Bento Mine in Minas Gerais State, Brazil ("SBM") (the "Transaction"). SBM ceased ore production in January 2007, at which time SBM's process plant and facilities were placed on care and maintenance and reclamation activities began. The Agreement is subject to execution and delivery of final definitive agreements and regulatory approvals in Brazil and the Republic of South Africa.
Under the terms of the Agreement AngloGold will acquire all the shares in SBGL for a total consideration of US$70 million, to be settled by the issuance of shares in AngloGold which will be freely tradeable on the New York Stock Exchange in the form of American Depositary Shares ("ADS") of AngloGold. Certain pieces of underground mining equipment that will be transferred to Eldorado's Efemcukuru Project in Turkey and its Vila Nova Iron Ore Project in Brazil are excluded from the Transaction. Eldorado is also retaining a group of approximately 20 senior management and exploration team members in Brazil. As a term of the Agreement, Eldorado will be provided with a right of first refusal on any future disposition by AngloGold of the Sao Bento Mine or AngloGold's adjacent Corrego do Sitio Gold Project for a period of three years.
Market Wrap for July 30, 2008 --
Oil prices climbed as much as 4.3% during the session to make their largest one day advance since trending downward from historic highs reached earlier this month.
The energy sector made a 5.6% advance.
Conversely, oil sensitive industries fell out of favor. The S&P 500 automobile manufacturing index slipped 3.8%, while the Amex Airline Index dropped 4.9%.
Broad-based buying was largely influenced by the latest ADP employment report that showed an unexpected 9,000 increase in July private nonfarm jobs.
The Fed is extending the length of its Term Securities Lending Facility program through Jan. 30 and is introducing longer terms to maturity for its Term Auction Facility in the face of continued fragility in the markets.
President Bush signed the housing bill into law, giving support to Fannie Mae (FNM 12.21, +0.61) and Freddie Mac (FNM 8.73, +0.31), while the SEC is extending its temporary restriction on naked short selling on financial institutions.
The financial sector gained 2.0% as thrifts and mortgage players collectively climbed 4.1% and diversified banks climbed 3.8%. Investment banks and brokerages advanced 3.5%.
The Nasdaq lagged the Dow Jones and the S&P 500 during Wednesday's action. Weakness among components Garmin (GRMN 35.19, -9.87), Cisco (CSCO 22.17, -0.25), and Electronic Arts (ERTS 44.29, -3.11) offset strength in Comcast (CMCSA 20.07, +0.89), which gained ground despite missing earnings estimates.DJ30 +186.13 NASDAQ +10.10 NQ100 +0.4% R2K +0.6% SP400 +1.5% SP500 +21.06 NASDAQ Adv/Vol/Dec 1559/2.27 bln/1200 NYSE Adv/Vol/Dec 2097/1.47 bln/1044
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InvestSource, Inc. is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. InvestSource, Inc. affiliates, officers, directors and employees may also have bought, or may buy the shares discussed in this opinion and may profit in the event of a rise in value. InvestSource, Inc. will not advise as to when it decides to sell and does not, and will not, offer any opinion as to when others should buy or sell; each investor must make that decision based on his or her judgment of the market InvestSource has received 5 million shares of Greenstone Holdings for services rendered. Please consult your broker before purchasing or selling any securities mentioned herein. To view full disclaimers, please go to http://investsourceinc.com/php/disclaimer.php (disclaimers).
This release may contain statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. The information contained in an InvestSource profile is provided as an information service only. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. InvestSource has agreed to be compensated $4,860 for services rendered.
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