SPZR takes off, CGFIA deals, FPCG docks
Posted on: April 13th, 2011Written by:
Spatializer Audio Laboratories Inc. (Pink Sheets: SPZR) had a successful Wednesday, gaining 210% in price to 3.1 cents. Volume for the stock was only 1,050 shares, far below its daily average of 3,665.
Colorado Goldfields Inc. (Pink Sheets: CGFIA) climbed 16.7% in Wednesday’s trading to seven-100ths of a cent. Volume was 57.2 million shares, compared to an average of 50.3 million.
First Physicians Capital Group Inc. (OTCBB: FPCG) suffered a 70% loss in price Wednesday to 2.1 cents, on volume of 650 shares. It normally deals in 799 a day. FPCG is an operator of healthcare services firms in the U.S.
ONTC onto something, CGFIA clicks, CPTC pasted
Posted on: April 11th, 2011Written by:
Onteco Corp. (Pink Sheets: ONTC) hurtled 166.7% higher to 2.4 cents Monday afternoon, on share volume of 295,000, still catching up on a daily average of 385,000.
Colorado Goldfields Inc. (Pink Sheets: CGFIA) nosed out its daily volume average of 52.9 million shares, by trading in 62.5 million Monday. Prices, though, faded 14.3% to six-100ths of a cent, only days after reporting progress on a permit for the West Mill.
Composite Technology Corp. (OTCBB: CPTC) took a beating in price, 70.5%, to 5.6 cents. Volume was 5.4 million shares, towering over its average of 254,000, only hours after filing for Chapter 11 bankruptcy protection.
HMLA hits heights, CGFIA steady, MYEC tanks
Posted on: March 21st, 2011Written by:
Homeland Resources Ltd. (Pink Sheets: HMLA) leaped 55.6% in price Monday to 35 cents, on volume of nearly 4 million shares. It was reported thаt a large-scale 3D seismic program hаѕ begun οn 83,043 acres (130 square miles) аt thе Liberty Ridge Project іn southern Oklahoma.
Colorado Goldfields Inc. (Pink Sheets: CGFIA) was among the volume leaders in micro-caps Monday, trading in 40.8 million shares, still short of its average of nearly 51 million. Share prices were flat at seven-100ths of a cent.
MyECheck Inc. (Pink Sheets: MYEC) tailed off 56.5% in price to half a cent Monday, on slight volume of 450 shares, way below its average of more than 66,000. MYEC is an electronic transaction processor and provider of alternative payment solutions.
Colorado Goldfields (CGFIA) secures $1 million in new financing
Posted on: June 3rd, 2010Written by:
Colorado Goldfields Inc. (OTCBB: CGFIA) announced today that the Company has closed a funding arrangement with an institutional investor in the amount of $1 million. The money will be focused on funding the Company’s aged debt and for working capital requirements, including work detail on the reactivation of The Pride of the West Mill.
Commenting on the recent transaction, Lee Rice, President and CEO of Colorado Goldfields, stated, “This funding facility will support the execution of the Company’s business plan, the re-activation of the Pride of the West Mill, while contemporaneously launching an aggressive exploration program at our Brooklyn and King Solomon Mines.”
The Pride of the West Mill is a modern gravity, flotation and cyanide leach mill located on 120 acres, with offices, laboratory and water rights. The Mill has the capacity to refine up to 700 tons per day, and is particularly valuable because it is the only production size mill in the entire regions of Southwestern Colorado, Northwestern New Mexico, Northeastern Arizona, and Southeastern Utah. Located within a short distance of the mill there are over 1,000 mines and many gold and silver mining companies. Of the several hundred junior mining companies in North America, Colorado Goldfields enjoys the distinction of being the only one with the capability to perform its own milling.
Furthermore, the Chief Financial Officer for Colorado Goldfields, C. Stephen Guyer, commented, “There is no question that over the past few years the challenges surrounding capital availability has slowed our progress. Now, Colorado Goldfields has the financing vehicle to meaningfully begin executing our business model. Our shareholders to whom we owe much gratitude for their continued support and confidence should now have a comfort level that many, if not all, of our milestone objectives may soon be reached.”
Instrumental in arranging the financing facility for Colorado Goldfields was New York City-based 1st SB Partners Ltd., a consulting firm providing strategic advisory services in the micro cap realm.
