latest news releases from the newsroom
Battle Mountain Gold Exploration Corp.
Battle Mountain Gold Exploration Corp. Signs Letter of Intent to Acquire the Balance of its Majority Owned Subsidiary, Pediment Gold LLC
RENO, Nev., Dec. 9, 2005 (PRIMEZONE) -- Battle Mountain Gold Exploration Corporation (OTCBB:BMGX) ("Battle Mountain Gold") is pleased to announce that it has signed a Letter of Intent to acquire the balance of its majority owned subsidiary, Pediment Gold LLC. Pediment Gold holds the exclusive rights to the proprietary Ground Water Chemistry technology and the proprietary Ground Water Database for Nevada, which contains over 70,000 water samples. In addition, Battle Mountain Gold now has 100% control over 30 additional gold exploration targets in Nevada that will complement the Hot Pot and Fletcher Junction projects. As a result of the buy-in, Battle Mountain Gold now has increased visibility and flexibility with respect to its exploration program. Consideration for the purchase will be in the form of 3,000,000 previously issued shares, through a re-alignment of the founders' holdings. No new shares will be issued as a result of the transaction.
Comment from Skandia's Board of Directors
STOCKHOLM, Sweden, Dec. 9, 2005 (PRIMEZONE) -- In a separate press release issued today, the board of Livforsakringsaktiebolaget Skandia (publ.) (Skandia Liv) presented a proposal for a new structure for the Skandia group. The board of Skandia Insurance Company Ltd (publ.) (Skandia) has issued the following comment on the proposal.
Anders Bystrom Appointed CFO of AarhusKarlshamn
STOCKHOLM, Sweden, Dec. 9, 2005 (PRIMEZONE) -- Anders Bystrom has been appointed Chief Financial Officer of AarhusKarlshamn. He is currently employed by the listed Swedish company Rottneros AB, a world-leading supplier of high-quality paper pulp, where he holds the positions of Executive Vice President and CFO.
Establishment of Saab Pension Fund 'Saab Pensionsstiftelse'
LINKOPING, Sweden, Dec. 9, 2005 (PRIMEZONE) -- Saab AB Board has approved the allocation of funds of approximately 2,500 MSEK equivalent to the PRI liability as of the 31st of December 2005 to a new pension fund, Saab Pensionsstiftelse. The earlier established pension fund (established in 2004) is today managing funds of approximately 570 MSEK.
Volvo Receives Order for 2,000 City Buses in China
GOTEBORG, Sweden, Dec. 9, 2005 (PRIMEZONE) -- Volvo Buses has received its biggest order so far in China. Shanghai's largest transport company, SHANGHAI BA-SHI (GROUP) INDUSTRIAL CO., LTD, has ordered 2,000 Volvo B6R buses, for delivery by summer 2007.