latest news releases from the newsroom
Stockwinners.com Option Portfolio Doubles; Momentum Plays Up Thirty Percent
AUSTIN, Texas, June 26, 2003 (PRIMEZONE) -- The following is an investment opinion issued by Stockwinners.com. Selections featured in recent Stockwinners.com http://www.STOCKWINNERS.com Option Picks postings registered an average short-term gain of 129 percent. In the three months ending June 20th, the equities research firm addressed the upward price potential of 256 publicly traded stock options. On average, the entire group was up 129 percent in ten days. The postings included one hundred sixty-seven calls and eighty-nine puts.
Condor Gold Corp.
Condor to Take Its Diamond Subsidiary Public on the OTC-BB and to Complete a $2,400,000 Private Placement Financing to Explore James Bay Lowlands
TORONTO, June 26, 2003 (PRIMEZONE) -- Condor Gold Corp. (Pink Sheets:CDRGF) is pleased to announce that it has signed a private placement term sheet with IBK Capital Corp. to finance its diamond subsidiary (to be renamed Dialex Minerals, Inc.) by causing Dialex to issue 12,000,000 common shares at CDN. $0.20 per share and 2,000,000 warrants at an exercise price of CDN. $0.25. Dialex Minerals, Inc. will be quoted on the OTC-Bulletin Board. 8,000,000 shares represents flow through financing which will be targeted to complete ground geophysics and diamond drilling on the company's diamond exploration properties in the Attawapiskat-James Bay Lowlands of Northern Ontario. The other 4,000,000 shares (with 2,000,000 warrants attached) will be targeted to cover additional staking, and deal costs. The issue is for CDN. $2,400,000 and is on a best efforts basis. Closing is scheduled for on or about July 15th, 2003. The transaction is conditional upon Condor closing its acquisition of an OTC-BB trading shell corporation into which it will vend its diamond subsidiary and is also conditional upon necessary regulatory and board approvals. Upon completion of the transaction Condor Gold Corp. will retain in excess of a 60% controlling interest in Dialex. Initial market cap of Dialex will be CDN. $7, 200,000.
Toll Brothers, Inc.
Toll Brothers Announces Entry into Reno, Nevada Market
HUNTINGDON VALLEY, Pa., June 26, 2003 (PRIMEZONE) -- Toll Brothers, Inc., (NYSE:TOL), the nation's leading builder of luxury homes, today announced its entry into the Reno, Nevada market. The Company will be developing approximately 74 luxury single-family homes within the new Damonte Ranch master plan, located just south of Reno.
Lockridge Grindal Nauen P.L.L.P.
Lockridge Grindal Nauen Announces Class Action Lawsuit on Behalf of Investors of Cryo-Cell International, Inc. -- CCELE
MINNEAPOLIS, June 26, 2003 (PRIMEZONE) -- Lockridge Grindal Nauen, P.L.L.P. announced today that a class action lawsuit has been filed in the United States District Court for the Middle District of Florida, Tampa Division, on behalf of purchasers of Cryo-Cell International, Inc. ("Cryo-Cell" or the "Company") (Nasdaq:CCELE) publicly traded securities during the period between March 16, 1999 through may 20, 2003, inclusive (the "Class Period").
Desert Mining, Inc.
Desert Mining Announces Change in Control
SALT LAKE CITY, June 26, 2003 (PRIMEZONE) -- Desert Mining, Inc. (OTCBB:DMNG) today announced that Mr. Peter K. Nelson has been appointed to the Board of Directors and as President, Secretary and Treasurer of the Company. Ms. Justine Noerring resigned her position on the Board of Directors and as sole officer. Mr. Nelson brings many years of entrepreneurial and management experience to the Company. Since 1966, Mr. Nelson has operated a variety of businesses including general contractor, trucking and asphalt maintenance companies. He was Honorably discharged from the U.S. Air Force in 1966. From 1985 to 1992, Mr. Nelson worked for the Federal Aviation Administration installing ILS systems at major airports. Currently, Mr. Nelson is a consultant in the petroleum industry.
Boliden streamlines Aitik mine operation
STOCKHOLM, June 26, 2003 (PRIMEZONE) -- Boliden has decided to modify the production plan at its Aitik copper mine near Gallivare, Sweden. The result will be that production at the mine can be made more effective with improved profit and strengthened cash flow.
TeliaSonera: Decision of the Arbitral Tribunal Regarding the Redemption Price of the Sonera Share
STOCKHOLM, Sweden, June 26, 2003 (PRIMEZONE) -- The arbitral tribunal appointed in the redemption proceeding concerning the shares in Sonera Corporation initiated by TeliaSonera AB (Nasdaq:TLSN) (LSE:TLSNq) (Other OTC:SNEAF) (Other OTC:SNRAF), has on June 26, 2003 determined the redemption price to be five euro and seventy-eight cents (5.78 euro) per share and the interest to be paid on the redemption price from March 21, 2003 was set at five per cent (5.0%) per annum. It is estimated that the redemption price will be paid out in September 2003 at the latest.
Weinstein Kitchenoff Scarlato Karon & Goldman Ltd.
Litigation Update From Weinstein Kitchenoff Scarlato Karon & Goldman Ltd. -- FRE
PHILADELPHIA, June 26, 2003 (PRIMEZONE) -- The law firm of Weinstein Kitchenoff Scarlato Karon & Goldman Ltd. previously announced the commencement of a securities class action in the United States District Court for the District of Virginia on behalf of purchasers of Freddie Mac Corp. (NYSE:FRE) securities between April 18, 2000 and June 6, 2003. This update is to advise purchasers of Freddie Mac securities during the above time period that the deadline for filing requests to serve as Lead Plaintiff is August 8, 2003.