MIAMI, FL is pleased to highlight its "stocks on the move" for
Wednesday. Our list includes: Guyana Gold Corp. (PINKSHEETS: GYGC),
Agnico-Eagle Mines Limited (NYSE: AEM), Compania de Minas
Buenaventura S.A.A. (NYSE: BVN) and Goldcorp Inc. (NYSE: GG).
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.
Agnico-Eagle Mines Limited (NYSE: AEM) up 1.2% on 1.6 million
shares traded. Agnico-Eagle is a long established Canadian gold
producer with operations located in Quebec and exploration and
development activities in Canada, Finland, Mexico and the United
States.
Compania de Minas Buenaventura S.A.A. (NYSE: BVN) up 1.9% on
543,000 shares traded.
Compania de Minas Buenaventura S.A.A. is Peru's largest,
publicly-traded precious metals company and a major holder of
mining rights in Peru. The Company is engaged in the mining,
processing, development and exploration of gold and silver and
other metals via wholly-owned mines as well as through its
participation in joint exploration projects.
Goldcorp Inc. (NYSE: GG) up 1.7% on 4.5 million shares
traded.
Goldcorp is one of the world's lowest-cost and fastest growing
multi-million ounce gold producers with operations throughout the
Americas. Its gold production remains 100% unhedged.
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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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