latest news releases from the newsroom
Eastmain Resources Inc.
Eastmain Acquires Second Deposit Gold
TORONTO, Feb. 27, 2007 (PRIME NEWSWIRE) -- Eastmain Resources Inc. (TSX:ER) ("Eastmain") is pleased to announce that it has finalized the acquisition of the Eastmain Mine Property from MSV Resources Inc. (MSV), a wholly-owned subsidiary of Campbell Resources Inc. ("Campbell"). Pursuant to the closing Eastmain issued to MSV $2.5 million in cash, 1,000,000 common shares and 500,000 share purchase warrants at an exercise price of $1.00 per share, valid for 12 months. On May 18, 2007 Eastmain shall issue an additional 1,000,000 common shares and 500,000 share purchase warrants at an exercise price of $1.50 per share, valid for 12 months to MSV to complete the transaction. MSV shall retain a 2% Net Smelter Return Royalty ("NSR") on the Mine Property. Eastmain will have the option to purchase one-half of the NSR for $1 million for any production over and above 250,000 ounces of gold.
Avigen to Present At Oppenheimer Pain Management Investor Conference
ALAMEDA, Calif., Feb. 27, 2007 (PRIME NEWSWIRE) -- Avigen, Inc. (Nasdaq:AVGN), a biopharmaceutical company developing innovative therapies for the treatment of chronic neurological conditions, announced today that President and Chief Executive Officer Kenneth Chahine, Ph.D., J.D., will participate in the "Future Directions and Novel Mechanisms of Action" panel on Tuesday, March 6, 2007, from 2:40 to 2:55 p.m. EST as part of the Oppenheimer "Positioning Investors for the Next Wave in Pain Management" Conference being held at the Flatotel Hotel in New York City.