MIAMI, FL is pleased to highlight its "stocks on the move" for
Wednesday. Our list includes: Guyana Gold Corp. (PINKSHEETS: GYGC),
Apple Inc. (NASDAQ: AAPL), Elan Corporation, plc (NYSE: ELN) and
Mentor Graphics Corporation (NASDAQ: MENT).
Having reported last week it has received a joint venture
proposal to develop the Port Kaituma Gold Project, Wall Street
Press Wire is initiating its in-depth coverage of Guyana Gold Corp.
(PINKSHEETS: GYGC), a junior mineral exploration company that
specializes in identifying, acquiring and developing precious and
base metal properties.
Tuesday after the markets closed, the company issued an
important press release announcing an update on the process of the
non-brokered private placement, that is subject to market and other
conditions, of a $500,000 USD aggregate principal amount of its
common stock at $0.50 USD per share for a total of 1,000,000
shares. The company had expected to close the entire funding by
mid-June, but now will fund $250,000 USD by the end of June, and
the remaining $250,000 USD by mid-July 2008.
As stated earlier, the proceeds of this offering will be used to
fund the Company's operations in Guyana, including, but not limited
to, the company's drilling and exploration program, purchasing
additional mining properties, entering into joint ventures,
increasing production and sampling.
The release states that update on the company's current
production is 100 ounces of gold per month, and it recently
announced the purchase of additional equipment to increase its
production to about 250 ounces per month.
There has been a stream of positive news coming from the
company. Last week, the company announced it has received a joint
venture proposal to develop the Port Kaituma Gold Project. The
proposal would expand the company's land position and increase the
scale of the Port Kaituma project. The new joint ownership presents
an excellent opportunity for Guyana Gold Corp. to increase revenue,
expand mine life and accelerate the capital recovery costs of
modernizing the Port Kaituma mine.
Wall Street Press Wire's in-depth profile for Guyana Gold Corp.
is available at:
http://www.wallstreetpresswire.com/page.php?BN_UID=57
The stock closed Tuesday at Forty-Two cents a share.
About the company: Guyana Gold Corp. is a junior mineral
exploration company that specializes in identifying, acquiring and
developing precious and base metal properties as well as assessing
whether certain claims possess exploitable commercial and precious
mineral reserves. The Company's objective is to develop a balanced
global portfolio of early-to-advanced stage projects. Guyana is
currently focused on gold projects in the Caribbean. In Guyana, the
Company's key mineral project is located in the region of Port
Kaituma.
Apple Inc. (NASDAQ: AAPL) up 2.6% on 32.1 million shares
traded.
Apple ignited the personal computer revolution in the 1970s with
the Apple II and reinvented the personal computer in the 1980s with
the Macintosh. Today, Apple continues to lead the industry in
innovation with its award-winning computers, OS X operating system
and iLife and professional applications.
Elan Corporation, plc (NYSE: ELN) up 10.6% on 30.4 million
shares traded.
Elan Corporation, plc is a neuroscience-based biotechnology
company committed to making a difference in the lives of patients
and their families by dedicating itself to bringing innovations in
science to fill significant unmet medical needs that continue to
exist around the world.
Mentor Graphics Corporation (NASDAQ: MENT) up 21.4% on 10.5
million shares traded.
Mentor Graphics Corporation is a world leader in electronic
hardware and software design solutions, providing products,
consulting services and award-winning support for the world's most
successful electronics and semiconductor companies.
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For current services performed for Guyana Gold Corp. (PINKSHEETS:
GYGC), WSCF has been compensated Twenty Seven Thousand dollars, by
a third party (Alex Inc.), who is non-affiliated and may hold a
significant position in the stock. WSCF has also been compensated
Four Hundred Thousand shares of Guyana Gold Corp, by a third party
(Nikolas Capital Inc.), who is non-affiliated and may hold a
significant position in the stock. However, WSCF returned Two
Hundred and Fifty Thousand of those shares to the original third
party. WSCF now holds Seventy Three Thousand, Three Hundred and
Thirteen of those shares as of this release, and intends to
immediately continue selling its shares as this release is being
circulated. WSCF was also previously compensated in 2008, Ten
Thousand Dollars for services performed for Guyana Gold Corp.
(PINKSHEETS: GYGC), by a separate third party, who is
non-affiliated and may hold a significant position in the stock,
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