subject: Sila.ob Gg And Fsys On Pennytobucks Radar- Keep Them On Yours Too [print this page] Gold American Mining Corp., SILA.OB is a precious metals exploration company focused on the aggressive, ongoing acquisition and exploration of holdings with rich gold and silver production potential.
SILA.ob has developed a promising portfolio of international properties in regions marked by stable politics, sound economies and friendly business relations.
In May 11, 2010, SILA.ob reported that it entered into a $7.5 million equity financing agreement with a European institutional investment group that specializes in backing precious metals and mining ventures.
Up to date SILA.ob has received funds in the amount of $300,000 in virtue of this agreement and that SILA.ob still has a balance of $7.2 million that the company could call upon to fund its exploration and acquisition strategy. During 2010, SILA.ob has received total equity subscription proceeds of $500,000.
The funding will be utilized by SILA.ob in its ongoing acquisition strategy and specifically in the further exploration and development of its existing Keeno Strike Property in Nevada, which could potentially contain ~1.1 million ounces of gold and ~69.0 million ounces of silver accessible via open-pit bulk handling methods, and its Guadalupe Property in Mexico, which is located approximately 5 miles north of the worlds richest underground silver mine, operated by the +$10 billion London Stock Exchange-traded company, Fresnillo plc.
Keeno Strike Property (Clark County, Nevada) Located 30 miles southwest of Las Vegas, in a mining district that has produced significant quantities of both gold and silver, and which also contains deposits of copper, cobalt, nickel, zinc, and lead, the property covers 245 acres of the historic Monte Cristo mine and Keeno-mint prospect. Exploratory work will consist of testing a potential for 1.1 million ounces of gold, and 69 million ounces of silver.
The Guadalupe Property (Zacatecas State, Mexico) is Located in central Mexico, in one of Mexicos oldest mining districts, just a few miles north of the worlds richest underground silver mines, this property contains two historic mines. The Juanicipio Joint Venture, held by MAG Silver Corp. and Fresnillo plc., is only 6.8 miles to the southwest, and has an indicated resource average grade of 879 g/t of silver, which is roughly twice the grade of Fresnillos other producing mines in the region, making the projects Valdecaas Vein one of the worlds highest grade undeveloped silver resources.
GOLDCORP INC. (GG) agreed to support the proposed transaction whereby Thompson Creek Metals Inc. (Thompson Creek) will acquire all of the outstanding common and preferred shares of Terrane Metals Corp. (Terrane). Goldcorp controls 58% of the outstanding shares of Terrane through its ownership of 240 million preferred shares and 27.3 million common shares. In conjunction with the Thompson Creek acquisition of Terrane, Goldcorp has agreed to vote its securities in support of the Thompson Creek acquisition. Upon completion of the transaction, Goldcorp will receive proceeds of C$240.5 million in cash and 13.9 million Thompson Creek common shares representing approximately 8% of the outstanding shares.
Fuel Systems Solutions, Inc. (NASDAQ:FSYS), intends to release its second quarter 2010 financial results before the market opens on August 5th, 2010. The company plans to host a conference call and simultaneous webcast that same day at 11:00 a.m. ET 8:00 a.m. PT, featuring remarks by management and followed by a question-and-answer session.
To listen to the call live, please dial 877-356-8063 at least 10 minutes before the start of the conference. International participants may dial 706-679-2544. The conference ID will be 88398041. The call will be webcast and can be accessed from the "Investor Relations" section of the company's website at http://www.fuelsystemssolutions.com/.
Fuel Systems Solutions is a leading designer, manufacturer and supplier of proven, cost-effective alternative fuel components and systems for use in transportation and industrial applications. Fuel Systems' components and systems control the pressure and flow of gaseous alternative fuels, such as propane and natural gas, used in internal combustion engines. These components and systems feature the company's advanced fuel system technologies, which improve efficiency, enhance power output and reduce emissions by electronically sensing and regulating the proper proportion of fuel and air required by the internal combustion engine. In addition to the components and systems, the company provides engineering and systems integration services to address unique customer requirements for performance, durability and configuration. The company is composed of two operating subsidiaries: IMPCO Technologies and BRC. IMPCO Technologies is a leader in the heavy duty, industrial, power generation and stationary engines sectors. BRC is a leader in the light duty and automobile alternative fuel sectors and has established alliances with several major automobile manufacturers for OEM projects. Additional information is available at www.fuelsystemssolutions.com.
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