Pennytobuck Stock Highlight On Thm, Gold, Sila
Gold American Mining Corporation (OTCBB:SILA)
SILA pleased to announce that Mr. Juan Manuel Jimenez has agreed to join SILA's team as Technical Advisor - Mexico.
Mr. Jimenez has over eighteen years experience of progressively increasing responsibilities in mining exploration in North America. Which Allows him to bring great value to SILA, given his vast knowledge of precious and base metals exploration in the regions where SILA operates.
His career in the mining industry includes experience gained with Santa Fe Pacific Gold Corporation (acquired by $29B NYSE-listed Newmont Mining Corporation; NEM ), Homestake Mining Corporation, and Munera Teck de Mexico S.A. (subsidiary of $19.3B NYSE-listed Teck Corp.) Mr. Jimenez has also worked for Minera Terranova, Minera Milagro, Minera Cosalo, Minera Aztex and Exmin, as well as consulted for a number of exploration companies.
Mr. Johannes Petersen, President of Gold American said "I am delighted to have Juan Manuel join our efforts in advancing our projects. The positive results we have obtained to date at the Guadalupe property make it even more essential to Gold American to count with his expertise in the region. He is ideally qualified and well prepared to assume an important role in the future growth of the Company."
Gold American Mining Corp. is a publicly traded (OTCBB:SILA) precious metals exploration company focused on the aggressive, ongoing acquisition and exploration of holdings with rich gold and silver production potential. Based in Reno, Nevada, Gold American has developed a promising portfolio of international properties in regions marked by stable politics, sound economies and friendly business relations. For more information the Company and its projects, visit Gold American's website at www.gold-american.com.
Randgold Resources Limited (NASDAQ:GOLD) previously announced an award of 36 000 restricted shares were granted to Mr G P Shuttleworth in accordance with the terms of his contract of employment effective 1 July 2007. The price of the restricted stock calculation for Mr Shuttleworth was the Nasdaq Global Select Market closing price on 29 June 2007, being US$22.19. As Mr Shuttleworth met the performance criteria, the final tranche of restricted shares, being 12,000 shares, vested on 1 July 2010 and the shares have been issued.
Mr. Shuttleworth elected to sell 8,000 shares which were sold on 20th of August 2010 at US$91.33.
International Tower Hill Mines Ltd. (AMEX:THM) is pleased to announce that on Friday, August 20, 2010, the Supreme Court of British Columbia granted the final order approving the Plan of Arrangement under the Business Corporations Act (BC) under which THM will spin-out its Alaska and Nevada projects (other than the Livengood Project) to Corvus Gold Inc. The effective time for the implementation of the Plan of Arrangement is expected to be 12:01 am (Vancouver time) on Thursday, August 26, 2010 ("Effective Time").
THM will be mailing Letters of Transmittal to all registered shareholders today. If your current ITH common shares ("Existing ITH Shares" - CUSIP 46051L104) are held through your broker, your broker, or the depositary with which your broker holds such shares, will be responsible for dealing with the exchange of Existing ITH Shares for new ITH common shares ("New ITH Shares") and the distribution of Corvus common shares ("Corvus Shares") on your behalf.
To receive certificates representing New ITH Shares and Corvus Shares, registered shareholders must surrender their certificates for Existing ITH Shares, together with a duly completed Letter of Transmittal, to Computershare Investor Services Inc. ("Depositary") at the address shown on the Letter of Transmittal. Upon surrender to the Depositary for cancellation of a certificate which, immediately prior to the Effective Time, represented Existing ITH Shares, together with a properly executed Letter of Transmittal, the holder of such surrendered certificate will be entitled to receive, and the Depositary will deliver to such holder, certificates representing that number (rounded down to the nearest whole number) of New ITH Shares and Corvus Shares that such holder has the right to receive pursuant to the Plan of Arrangement and the surrendered certificate will be cancelled.
THM anticipates that, within a few days after August 26, 2010, and subject to compliance with all of the TSX requirements, including receipt by the TSX of all required documentation, the Corvus Shares will commence trading on the TSX. The New ITH Shares will commence trading at the same time. Advance notice of the commencement of such trading will be provided by press release.
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by: Bill Pennyman
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