latest news releases from the newsroom
First Equity Group
StockMarketNewsAlert.com Issues Trade Alert for Running Fox Resource Corp.
POMPANO BEACH, Fla., Sept. 5, 2006 (PRIMEZONE) -- StockMarketNewsAlert.com issues trade alert for Running Fox Resource Corp. (Pink Sheets:RFXRF) (TSX-V:RUN). According to M. D'Alonzo at First Equity Group Inc., recent news flow from the company has been very positive, "The company is completing a non-brokered flow-through private placement financing in the amount of $500,000 with key members of its management. The financing is priced at 80 cents for a share and a warrant, with each warrant exercisable at $1.10 for one year and $1.50 in the second year. Proceeds to be allocated to Alberta gas and oil well drilling."
New Jersey Mining Company
New Jersey Mining Company Increases Resources
KELLOGG, Idaho, Sept. 5, 2006 (PRIMEZONE) -- New Jersey Mining Company (OTCBB:NJMC) completed Phase I of its 2006 drilling program at the Golden Chest mine near Murray, ID. The underground Idaho vein resource was increased by 100% to 160,000 tonnes grading 5.5 grams gold per tonne.
Cubic Energy, Inc.
Cubic Energy, Inc. Announces Success in Its 6th Cotton Valley Well
DALLAS, Sept. 5, 2006 (PRIMEZONE) -- Cubic Energy, Inc. (OTCBB:QBIK) ("Cubic" or the "Company") announced today the successful drilling of the S.E. Johnson 19 No. 1, the Company's 6th Cotton Valley well in the Company's Bethany Longstreet field. Preliminary well log analysis has identified numerous gas pay sands in the Cotton Valley and Upper and Lower Hosston formations. Casing has now been set and the Company is designing and planning completion operations. Cubic has a 25% working interest in the S.E. Johnson 19 No. 1 well.
U.S. Global Companies Prefer Foreign Nationals Over American Ex-Patriots for Overseas Managerial Posts, According to Summus Survey
NEW YORK, Sept. 5, 2006 (PRIMEZONE) -- A new survey of senior hiring managers and HR professionals identified a growing demand for foreign nationals to fill overseas posts at large and mid-sized, U.S.-based global corporations. Eighty-five percent of the companies interviewed by market research firm Summus, Ltd. reported a preference for hiring foreign nationals over U.S. ex-patriots for management positions at their international operations. Reasons given include foreign nationals' familiarity with their local culture and ways of doing business; the willingness of foreign nationals to remain in these posts over time, in contrast to many American managers' reluctance to take on international assignments; and the growing administrative and compensation costs associated with sending American employees to live and work in other countries.