latest news releases from the newsroom
Paragon Real Estate Equity and Investment Trust
Paragon Announces Operating Results for Third Quarter and Nine Months Ended September 30, 2005
CLEVELAND, Oct. 20, 2005 (PRIMEZONE) -- Paragon Real Estate Equity and Investment Trust (AMEX:PRG) announced operating results for the three and nine months ended September 30, 2005. Net loss attributable to common shareholders for the quarter ended September 30, 2005 was $168,000, or $0.01 per share, compared to a net loss of $241,000, or $0.01 per share, for the same quarter of 2004. For the nine months ended September 30, 2005, the net loss attributable to common shareholders was $842,000, or $0.03 per share, compared to a net loss of $587,000, or $0.02 per share, for the first nine months of 2004.
Montana Oil & Gas, Inc.
Montana Oil and Gas Inc. Reports on Alberta, Canada Operations
VANCOUVER, British Columbia, Oct. 20, 2005 (PRIMEZONE) -- Montana Oil and Gas (Pink Sheets:MOGI) is pleased to report that the 1-5-60-25W4M Westlock well -- that was completed and tied into a sales line in May -- continues to produce strong revenues for the company. The Westlock well thus far has produced 163.8, 271, 104.2, and 129.38 E3M3 (convert to MMCF 0.035494) from May to August inclusive. Volumes for September and October will be announced upon receiving the appropriate data from our operator. All appropriate royalties, transportation and operating costs have been factored in and taken off by the operator. Peter Sanders noted, "The huge rise in natural gas prices of late will benefit the company and its shareholders in terms of future revenues and immediate cash flows."
Chelsea Therapeutics Completes Phase Ia Trial of CH-1504
CHARLOTTE, N.C., Oct. 20, 2005 (PRIMEZONE) -- Chelsea Therapeutics International, Ltd. (OTCBB:CHTP), has successfully completed the Phase Ia trial of its leading drug candidate, CH-1504, an orally available, metabolically inert, anti-inflammatory and anti-tumor agent for the treatment of rheumatoid arthritis (RA), psoriasis, inflammatory bowel disease and certain cancers. In this single ascending dose study, the compound was safe and well tolerated across a broad dose range with no clinically significant observations noted.
Bayfield Ventures Corp.
Bayfield Ventures Provides Corporate Update
VANCOUVER, British Columbia, Oct. 20, 2005 (PRIMEZONE) -- Bayfield Ventures Corp. (Bayfield) (TSX-V:BYV) is pleased to provide this update to its shareholders. The Company has 100% of approximately 300,000 hectares (760,000 acres) contained in 3 mineral licenses in the South Gobi Region of Mongolia. A significant achievement in 2005 was the optioning of all three of Bayfield's Mongolian properties to BHP Billiton World Exploration Inc., the world's largest diversified resources company. Bayfield Ventures has been exploring for mineral deposits in Mongolia since 2001. The Company's land packages are ideally located to the immediate west and east of the world-class copper-gold deposit (Oyu Tolgoi) that is now being defined for production by Ivanhoe Mines Ltd. With the addition of the skilled and experienced people of BHP Billiton being responsible for the new work programs on Bayfield's acreage in Mongolia, the Company believes this could be its ultimate key to success in the lower Gobi Region of Mongolia.