Arctic Oil & Gas Corp. (AOAG) Alaska Gold Mines Financing Developments

Arctic Oil & Gas Corp., a resources development company, is pleased to announce the Company's precious metals division is securing updated ore reserves reports on its Alaska gold projects and finalizing summer 2009 mining development plans.

The company is preparing a hybrid private Gold Mine Finance Offering for qualified banks and institutions.

AOAG plans to offer qualified partners, a potentially more profitable mechanism than gold exchanges for securing large quantities of gold bullion, with an effective projected net cost approximately 30% below the current spot gold price. [read more]

Source: Arctic Oil & Gas Corp.

Gold Reserve Receives Unsolicited Offer from Rusoro Mining Ltd and Engages Financial and Legal Advisors

Gold Reserve Inc. announced today that Rusoro Mining Ltd. has commenced an unsolicited offer (the “Offer”) to acquire all of the outstanding shares and equity units of Gold Reserve in consideration for three shares of Rusoro for each Gold Reserve share or equity unit.

Gold Reserve has retained RBC Capital Markets and JP Morgan as financial advisors, and Fasken Martineau DuMoulin LLP and Baker & MacKenzie LLP as legal advisors in connection with the Offer. The Board together with its financial advisors and legal advisors will review the full terms of the Offer when they are received, and following that review the Board will make a recommendation that is in the best interests of shareholders. Gold Reserve urges shareholders to wait for its Board to make its recommendation to shareholders before making a decision with respect to the Offer. [read more]

Source: Gold Reserve Inc

Northern Gold Mining Inc. Files Technical Report for Its Frederick House Lake Property

Northern Gold Mining Inc. is pleased to announce that it has received and filed on SEDAR a National Instrument 43-101 report entitled "TECHNICAL REPORT ON THE FREDERICK HOUSE PROPERTY, PORCUPINE MINING DIVISION, NORTHEASTERN ONTARIO". The report was prepared by Mr. Gary Lohman, B.Sc, P.Geo., Mr. Lohman is a Qualified Person as defined by NI 43-101 and has over 27 years Canadian and International experience in gold, silver, base, and specialty metal exploration.

Northern Gold's. Frederick House Lake property is located approximately 35 kilometers northeast of Timmins, Ontario. The property consists of 18 claims comprising 333 units covering greater than 80% of the areal extent of Frederick House Lake, a shallow lake created by flooding related to downstream hydroelectric facilities. read more

Source: Northern Gold Mining Inc.

NAL Oil & Gas Trust Announces December Distribution, Provides an Operational Update and Sets 2009 Guidance Date

NAL Oil & Gas Trust will pay a distribution of $0.16 per unit on January 15, 2009, to Unitholders of record on December 22, 2008. The units will begin trading on an ex-distribution basis on December 18, 2008.

Trailing cash distributions for the past 12 months total $1.92 per unit, representing a 29.8% cash-on-cash yield based on the December 9, 2008 closing unit price of $6.44. read more

Source: NAL Oil & Gas Trust

Axial Vector Energy Corp. Summarizes Highlights of Investor Conference Call

Axial Vector Energy Corporation today announced a summary and digitized replay access of an investor conference call held yesterday, December 8, 2008 at 4:15 pm EST.

Sanjai Chhaunker, President and CEO, exclaimed: "We were very pleased to be given the opportunity to speak with the investor community and we feel that the call was a tremendous success. AVEC has made many advances in its technology and business strategy, we invite anyone who was unable to attend the call to please listen to the playback." read more

Source: Axial Vector Energy Corporation

Nasdaq Grants Wave Extension Until February to Comply With Market Value Rule; Wave to Be Transferred to Nasdaq Capital Market

Wave Systems Corp. announced today that it received notification from the Nasdaq Hearings Panel that shares of the company's common stock will be transferred from the NASDAQ Global Market to the NASDAQ Capital Market, effective with the opening of trading tomorrow, Wednesday, December 10, 2008. Wave's common stock will continue to trade under the ticker symbol "WAVX."

As previously announced, the company has not been in compliance with the Market Value Rule requiring a minimum $50 million market value of listed securities for continued inclusion on the NASDAQ Global Market. If the company cannot demonstrate compliance with all of the required continued listing requirements of the NASDAQ Capital Market, including the $35 million market value of listed securities requirement by February 17, 2009, Wave's shares of common stock will be subject to delisting. read more

Source: Wave Systems Corp

XL Capital Ltd Issues Statement in Response to Market Rumors

While it is generally not XL Capital Ltd's policy to comment on market rumors, the Company believes in the current circumstances it is appropriate to do so.

The Company remains focused on operating its business and meeting the needs of its customers and is committed to taking actions as necessary to maximize value for its shareholders. In that regard, as can be expected in the current environment, the Company is continuing to explore value-enhancing opportunities available to it and is being assisted in that effort by one of its long-standing financial advisors, Goldman, Sachs & Co. read more

Source: XL Capital Ltd

Azteca Gold Corp. Updates Two Mile Project Drilling and Announces $1.25m Financing

Matthew Russell, President of Azteca Gold Corp. announces that the Company is undertaking a non-brokered private placement of CAD $1,250,000, subject to regulatory approval. 25,000,000 units will be issued at CAD $0.05 per unit. Each unit consists of one common share and one half of a warrant. Each whole warrant entitles the holder to subscribe for an additional common share for CAD $0.25 for a period of 2 years from closing. Management expects to participate in this placement in an amount of up to CAD $500,000.

The funds will be used for drilling and assaying expenses at the Company's 50% owned Two Mile Project, as well as for general corporate purposes. read more

Source: Azteca Gold Corp.

Gold Resource Corporation and Hochschild Mining plc Form Strategic Alliance; $5 Million Private Placement

Gold Resource Corporation (GRC) is pleased to announce that it has formed a strategic alliance with Hochschild Mining plc (Hochschild) through a $5 million private placement of 1.67 million shares of GRC's restricted common stock at $3.00 per share (no warrants). Hochschild is a world leading precious metals producer listed on the London Stock Exchange. Based in Lima, Peru, Hochschild is a mid-tier gold producer and the world's 4th largest primary silver producer with mining projects in five countries in the Americas including Mexico. read more

source : Gold Resource Corporation

Hidalgo Mining International Inc. is pleased to announce a joint-venture for the development of North Bay's Gold Hill Project.

Hidalgo Mining International Inc. is pleased to announce that it has signed a Letter of Intent with North Bay Resources Inc. to enter into a joint-venture for the development of North Bay's Gold Hill Project. Terms of the agreement will be announced once a formal contract has been executed.

The Gold Hill Project covers 5,887 acres near the village of Salmo in southeastern British Columbia. The property includes the former Gold Hill mine, and the area surrounding the Silver Dollar-Lucky Boy mines. The Gold Hill mine's past production averaged over 29.47 grams (0.95 ounces) per tonne gold and 54.11 grams (1.74 ounces) per tonne silver, while production figures from the Silver Dollar and the Lucky Boy workings averaged 9.39 grams per tonne gold and 335 grams (10.78 ounces) per tonne silver. read more..

Source: Hidalgo Mining International Inc.

Avion Resources Announces New Mining Strategy With Aim to Restart Production in Q1 2009 at the Segala and Tabakoto Gold Projects, Mali

Avion Resources Corp. , today announced that the Company's Board of Directors have approved a new mining strategy for the Segala and Tabakoto gold projects, located in Mali, West Africa. The Company will focus on the Segala project during the first phase of the new mining strategy. Avion Resources plans to commence mining operations at Segala, which has a 43-101 compliant resource, with two years of open-pit production (at a projected low-strip ratio), followed by underground mining. The Company believes that the new plan will realize robust, earlier-than-expected cash flow from operations, as Avion Resources anticipates production to begin at Segala in mid-February 2009. The new strategy is to mine near-surface mineral resources to minimize waste stripping and then proceed to underground mining. read more

Source: Avion Resources Corp.

[video] William Petty, CEO of Franklin Mining, Inc. Discusses Progress on the Escala Mine Project on WallSt.net's 3-Minute Press Show

Franklin Mining, Inc. , an exploration company with energy interests in the U.S. and South America, today announced that the company's CEO, William Petty, is featured in an exclusive interview on WallSt.net's 3-Minute Press Show.

The interview gives viewers an overview of the company, and the significance of the company's latest press release. read more

Source: Franklin Mining, Inc.; WallStreet Direct, Inc.

China Shen Zhou Mining & Resources, Inc. Provides Fluorite Production Update

China Shen Zhou Mining & Resources, Inc. , a leading company engaged in the exploration, development, mining and processing of fluorite, zinc, lead, copper, and other nonferrous metals in China, today announced that production has increased at its fluorite processing plant at its Xiangzhen Mining Plant, located in Inner Mongolia. read more

Source: China Shen Zhou Mining & Resources, Inc.

New Jersey Mining Company Reports Drilling On Its Niagara Copper-Silver Deposit

New Jersey Mining Company announces that it recently completed two drillholes on its Niagara copper-silver deposit near Murray, Idaho. Both holes intercepted copper-silver mineralization near the surface and over significant intervals increasing the potential for open pit mining. The mineral resource at the Niagara is estimated to contain 14.2 million tonnes grading 0.46% copper and 20 grams per tonne silver based on historic drilling completed in the 1970's. read more

Source: New Jersey Mining Company

VentureDeal Venture Capital Funding Quarterly Reports

Venture capital database VentureDeal is pleased to announce the release of complimentary Venture Capital Funding Quarterly transaction reports. The reports are exclusively sponsored by Bio Investor Forum, a conference featuring late stage private and emerging public companies, with a special focus on investment strategies and competitive therapeutic and drug development landscapes. read more

Source: VentureDeal

Genomatica Breakthrough Replaces Petroleum With Sugar in Major Chemical Process

San Diego-based Genomatica Inc., a sustainable chemical company, has proven a novel bio-manufacturing process capable of producing thousands of tons of a commodity chemical in a single facility. The foundational chemical, 1,4-butanediol (BDO), is a key raw material in the manufacturing of hundreds of plastic, rubber and fiber products. BDO has a worldwide annual production value estimated at more than $4 billion across the automotive, textile and consumer goods industries. read more

Source: Genomatica

AEHI Agrees to Negotiate Contract for Colorado Energy Park to Build Multiple Large Advanced Nuclear Plants and Joint Venture Other Renewable Energy So

Alternate Energy Holdings, Inc. signed an agreement with a representative of the proposed Colorado Energy Park (CEP) southeast of Pueblo, CO to negotiate contracts on land and water rights for multiple large advanced nuclear reactors. The current CEP site is over 21,000 acres and is valued at $83 million, including substantial water use rights. CEP can host a mixed portfolio of renewable energy including solar PV and CSP, wind, biomass, small-hydro and nuclear. AEHI will seek a complement of multiple clean energy providers to fully utilize the large site and share the nuclear plant's transmission, water, road and rail infrastructure. When fully developed, CEP will help meet the state's and region's growing demand for electricity. At CEP, AEHI will help the US achieve energy independence, and meet the goal of increasing sources of green energy to reduce CO2 and toxic emissions from the global environment. The CEP as a merchant site should be able to wield power east of the Rockies as needed to meet demand. read more

Source: Alternate Energy Holdings, Inc.

China Bio Energy Holdings Group Announces Participation in the Merriman 5th Annual Investor Summit 2008

China Bio Energy Holdings today announced that management will be participating in the Merriman 5th Annual Investor Summit 2008 at the Mark Hopkins InterContinental Hotel in San Francisco. Management's participation will consist of a presentation scheduled for Tuesday, September 16, 2008 at 11:45 a.m. local time as well as one-on-one meetings with investors.

Institutional investors who are interested in attending should contact their respective institutional sales representative at Merriman Curhan Ford, & Co. read more

Source: China Bio Energy Holdings Group

Jatropha World Hamburg Conference Geared Toward Increasing Biofuel Potential

Jatropha oil has long been heralded as an environmentally and socially friendly alternative energy source. However, as Jatropha moves closer to commercialization, better understanding of the Jatropha Curcas plant, proper plantation management for Jatropha expansion and Jatropha funding need to be addressed for Jatropha projects to perform at maximum productivity.

JatrophaWorld Hamburg 2008 will provide a platform for Jatropha investors, venture capitalists, financiers, government officials, agronomists and biodiesel producers from all four corners of the globe to discuss several key success strategies that include: read more

Source: Centre for Management Technology

Amelot Oil Barbados, Ltd. Meets With Barbados Government to Discuss the Future of Barbados Biofuel Production

Representatives of Amelot Oil, a wholly owned subsidiary of Amelot Holdings, Inc. , met with members of the Barbados Investment and Development Corporation, or BIDC, the industrial development agency of the Barbados Government last week in Bridgetown, Barbados to discuss the future of Amelot's biofuel production in the country.

The BIDC requested to see proof of concept and the feasibility of Amelot's operations in Barbados. After last month's successful launch of Amelot's Barbados refining facility, management was given the opportunity to meet with top officials to present their business proposal. Plans presented to the BIDC included possible tax concessions on the importation of necessary equipment into the island; financial and non-financial incentives; and technical and engineering support from the BIDC and Barbadian Government. read more

Source: Amelot Holdings, Inc.