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Brownstone Resources Inc. (Pink Sheets: BWNR - http://finance.yahoo.com/q?s=BWNR.PK ) (Mon, December 3, 2007, 8:00am ET) Brownstone Resources Inc. is pleased to announce that the company has signed a Letter of Intent (LOI) with a private mineral resource development company which will ultimately enable Brownstone the right to earn a 50% participating ownership interest in a select group of gold mining claims in northeastern Arizona. The claims are located approximately 70 miles outside of Flagstaff, Arizona.
Preliminary geophysical work undertaken by the founding company has been completed on the property to test the potential of the property to host gold mineralization.
Work performed to date, involving limited geophysical surveying to test, on surface, the potential of the known anomalies to host gold mineralization, and subsequent surface sampling and fire assaying of the samples have been undertaken and completed by the original claim owners. The results of both the geophysical surveying and the sample collection and assaying have yielded promising initial results, and was the basis for Brownstone entering into the LOI.
Brownstone will now proceed with a formal site visit to the property to verify the information provided to them, and complete all necessary due diligence. Once the visit and reconciliation of information is completed to management's satisfaction, Brownstone will, based on the original LOI, create the formal participation and JV agreement which both companies will enter into, going forward.
The company will make further announcements on the LOI and subsequent signing of a formal agreement.
Edgetech International, Inc. (Pink Sheets: EGIL - http://finance.yahoo.com/q?s=EGIL.PK ) (Tue, December 4, 2007, 6:00am ET) Edgetech International, Inc. ("Edgetech" or the "Company") is proud to announce that the company has executed an agreement to distribute "The PC Edge" on www.luxury.net. Luxury.net is the premier website targeting high income consumers with industry-leading lifestyle products. "The PC Edge" will be available for sale alongside some of the most high-tech electronic products in the marketplace. Not only will "The PC Edge" be available for sale on luxury.net but it will be featured as the Hot New Product for the 2007 Holiday Season.
"The PC Edge" is a unique, handheld, stand alone wireless unit with a built in modem and full-screen display providing High Speed Internet Access.
Luxury.net CEO, Kenneth Green, stated, "We are very excited to add "The PC Edge" to our product portfolio. We believe this new innovative mobile computing solution will be a sales leader for this Holiday Season and beyond."
Edgetech VP of Sales, Keith R Jones, stated, "Our focus on the Web Sales Channel has led us to this relationship with luxury.net. The consumer profile of the luxury.net customer matches our marketing focus on the High-Income Mobile Professional.
Luxury.net is not only our first Web Sales Channel Partner, but Mr. Green has provided our organization with valuable Internet marketing consulting."
Skins Inc. (OTCBB: SKNN - http://finance.yahoo.com/q?s=SKNN.OB ) (Mon, December 3, 2007, 4:00pm ET) Form 8-K for SKINS INC. 3-Dec-2007 Entry into a Material Definitive Agreement, Financial Statements and Exhibits
Item 1.01. Entry into a Material Definitive Agreement.
On November 28, 2007, Skins Inc. (the "Company") executed a Buying Agency and Sourcing Agreement (the "Agreement") with Atsco Footwear, LLC ("Atsco"). Pursuant to the Agreement, Atsco will serve as the Company's non-exclusive buying and sourcing agent and will be responsible for sourcing, commercialization and product line review.
The Company will pay Atsco a commission of 7% of the $5 million and 5% for the amounts above the first $5 million at the FOB country of origin price for merchandise sourced by Atsco and shipped to the Company. The Agreement has an initial term of one year, from November 15, 2007 through November 15, 2008, and each party has the option to extend the initial term of the Agreement for an additional year upon providing written notice to the other party no less than thirty days prior to the expiration of the initial term. Either party may terminate the Agreement at any time upon providing the other party with three months written notice. Mark Itzkowitz, the President of Atsco, is also an advisory member of the Board of Directors of the Company.
Utah Uranium Corp. (OTCBB: UTUC - http://finance.yahoo.com/q?s=UTUC.OB ) (Tue, December 4, 2007, 3:05am ET) Utah Uranium Corp. (the "Company") is pleased to announce it has signed an Agreement for the acquisition of a 100% interest in a 12 claim license package consisting of 2 past producing Uranium - Vanadium mines known as the "Marcas" and the "Ray Marie."
Both properties are located southwest of Gateway, Colorado and are typical examples of the sedimentary streambed type ore bodies found throughout the region in the Morrison sandstone formation. Each property lies northeasterly and is on trend with the Polar Mesa complex approximately 2 miles to the west and the historic Gateway complex to the east with an historic production reported at 13 million pounds Uranium.
The Marcas (6 claims, 120 acres) was previously owned by Wally Winfield and saw small-scale operations through the late 1970s. Historic production grades for Uranium were reportedly from 4 to 10 lbs/ton (0.2% - 0.5%).
The Ray Marie (6 claims, 120 acres) was owned and operated by Bill Wilson (Grand Junction, CO) and in production through to 1978 when the Atlas Minerals mill ceased operations. Uranium grades of the last shipment made at this time from the Ray Marie were reported as 10lbs/ton (0.5%).
Production from both of the above properties was from the upper lens of the Morrison formation from a coarser grained sandstone, where there is a tendency to see higher Vanadium grades. Historical Vanadium to Uranium ratios for the area were reported as being approximately 8:1. Production from other previous operations in the area was also taken from the lower lens. The Company believes the Marcas and Ray Marie, being within 100 miles of the Denison Mill now operating in Blanding, UT, or within 60 miles of a newly proposed mill, have excellent exploration potential to delineate additional tons from both upper and lower lenses in an effort to support additional operations.
Consideration for the acquisition of these above properties consists of scheduled payments for a total of $375,000 over a 3-year term as well as the scheduled issuance of a total of 400,000 common shares of the Company over the same period. The Property vendors will also retain a net proceeds royalty of 4% of which 100% can be purchased for $1,000,000.
Utah Uranium Corporation is a Moab, Utah-based junior exploration and development company focused on both the systematic exploration of the Henry Mountain Basin, in concert with the acquisition of past producing uranium mines that can be brought back into production in the near term with low capital expenditure. All of the mines currently owned or in the acquisition pipeline are within economic haul distances of White Mesa Mill in Blanding, Utah, the Ticaboo Mill in Ticaboo, Utah or the proposed Energy Fuels Mill near Nucla, Colorado. The white Mesa Uranium Mill is currently the only operating Uranium mill in the United States.
We seek safe harbour.
On behalf of the Board,
Peter Dickie, President
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