latest news releases from the newsroom
Condor Gold Corp.
Condor Gold Corp., Formerly Ripped Canada Artists Inc., Announces New Stock Symbol
TORONTO, Oct. 10, 2002 (PRIMEZONE) -- Condor Gold Corp. (formerly Ripped Canada Artists Inc.) (Pink Sheets:CDRGF) (the "Corporation") announces that it has received its new stock symbol, which is reported on the Pink Sheets under the symbol CDRGF effective October 4, 2002. Pursuant to the reverse take over transaction, which was formally completed September 20, 2002 (the "RTO"), the previously outstanding 6,474,378 common shares of Ripped Canada Artists Inc. were consolidated on a one new share for two old shares basis into 3,237,200 common shares. The Corporation issued a total of 60,000,000 consolidated common shares and warrants to purchase 530,000 consolidated common shares and an option to acquire (i) a further 12,000,000 consolidated common shares; and (ii) warrants to purchase a further 8,000,000 consolidated common shares in order to acquire all of the equivalent issued and outstanding securities of Northville Gold Corp. ("Northville"). As a result of the transaction, Northville is now a wholly owned subsidiary of the Corporation.
Fox & Hound Restaurant Group
Total Entertainment Restaurant Corp. Announces Stock Buy Back Program
WICHITA, Kan., Oct. 10, 2002 (PRIMEZONE) -- Total Entertainment Restaurant Corp. (Nasdaq:TENT) today announced that its Board of Directors has authorized a program to repurchase up to 500,000 shares of the Company's common stock. The Company said that the timing, price, quantity and manner of purchases will be made at the discretion of management and will depend upon market conditions. The Company said the repurchases may be effected through one or more trading plans that comply with current regulations and may be suspended at any time. The Company will fund the repurchase program through available bank credit facilities.
Pan American Energy
Coyote Ventures Corp. Expands Intellectual Property Portfolio for Fluorescence Diagnosis of Cancer
LAS VEGAS, Oct. 10, 2002 (PRIMEZONE) -- Coyote Ventures Corp. (OTCBB:CYTV) (the "Company") entered into an option agreement to acquire the patent "Fluorescence scope system for dermatologic diagnosis." Under the terms of the option agreement, the Company paid $20,000 US for an option expiring January 30, 2003 to acquire the patent for $180,000 US. The patent is for an apparatus for the diagnosis of a skin disease site by visual fluorescence inspection. The fluorescence image is used to aid the medical assessment and diagnosis of skin conditions by supplementing the visual assessment of skin lesions made with the naked eye. The Company believes that this will strengthen its intellectual property position for its main product the "CERVeyor(TM)." In addition, it creates the potential to add new diagnostic products that could aid in screening for oral cancers and enhance the ability to delineate tumor margins during neurosurgical procedures. The patent is subject to royalties totaling 2.5% of gross revenues in favor of the British Columbia Cancer Agency ("BCCA") and the original inventors.