Petaquilla Minerals Ltd.: Accelerated Expiry of Share Purchase Warrants VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- August 31, 2006 -- Michael Levy, President of Petaquilla Minerals Ltd. ("Petaquilla" or the "Company") (TSX: PTQ)(OTCBB: PTQMF)(FWB: P7Z), announces the accelerated expiry of the share purchase warrants of the Company issued on December 20, 2005 (the "Warrants").
In accordance with the terms and conditions attached to the Warrants, if the closing price of the Company's shares, as traded on the Toronto Stock Exchange, is $2.00 per share or more for a period of 10 consecutive trading days, the Company can trigger the accelerated expiry of the Warrants.
Accordingly, the Company announces that the Warrants will expire at 5:00 p.m., Vancouver time, on Wednesday, September 20, 2006.
The Effective Date of the Company's Plan of Arrangement is now anticipated to be mid-September 2006.
On behalf of the Board of Directors of PETAQUILLA MINERALS LTD.
Michael Levy, President and Director
No stock exchange has approved or disapproved the information contained herein.
Contacts: Petaquilla Minerals Ltd. Michael Levy President and Director (604) 694-0021 (604) 694-0063 (FAX) www.petaquilla.com
SOURCE: Petaquilla Minerals Ltd.
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Petaquilla Minerals Ltd.: Private Placement VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- August 31, 2006 -- Michael Levy, President of Petaquilla Minerals Ltd. (the "Company" or "PTQ") (TSX: PTQ)(OTCBB: PTQMF)(FWB: P7Z), announces that, further to the Company's press release dated July 20, 2006, the terms and conditions for the non-brokered private placement have been amended. As a result of the amendments, the private placement will now consist of an offering of up to 9,400,000 units at a price of Cdn$2.40 per unit for gross proceeds in the amount of Cdn$22,560,000 (the "Offering"). The private placement is subject to regulatory approval and the satisfaction of other customary conditions.
Each unit will consist of one common share and one transferable share purchase warrant, where each warrant entitles the holder to purchase an additional common share of the Company for a period of five years at a price of Cdn$3.00 per share.
The closing of the Offering is scheduled to occur prior to the "Effective Date" of the Plan of Arrangement between the Company and Petaquilla Copper Ltd. ("Copper") approved by shareholders of the Company on June 6, 2006, and by the Supreme Court of British Columbia on June 19, 2006.
The warrants will contain customary anti-dilution provisions and will be transferable in accordance with the applicable legislation.
Under Canadian securities law, the PTQ warrants will be subject to a hold period expiring four months and one day from the closing. Any securities of Copper issued following the Arrangement will be subject to resale restrictions until such time that Copper becomes a reporting issuer or another exemption from resale restrictions is available. The PTQ common shares will be freely tradable following the Effective Date.
The proceeds of the private placement will be used as to Cdn$17,560,000 on the advancement of the Company's Molejon Gold Project in Panama, to pay the expenses of the Offering and for working capital, with the remaining Cdn$5,000,000 being used for the benefit of Copper.
Finders' fees in the form of compensation warrants and cash will be paid in connection with the private placement.
Casimir Capital L.P. acted as a financial advisor to the Company in connection with this transaction.
To allow for the time necessary to close the Offering as amended, the Effective Date of the Plan of Arrangement, originally anticipated to take place by the end of June, is now estimated to be mid-September 2006. All shareholders of record on the business day immediately preceding the Effective Date will be entitled to receive one common share of Copper and one share of Petaquilla Minerals Ltd. for each share of the Company held.
As previously announced, Petaquilla Copper Ltd. intends after the Effective Date to conduct a non-brokered private placement, subject to any applicable regulatory approval, of 20,000,000 units at a price of Cdn$2.00 per unit. Each unit will consist of one common share and one-half of one share purchase warrant, where each full warrant entitles the holder to purchase an additional common share of Copper for a period of five years at a price of $3.50 per share. Discussions with respect to this offering are ongoing with several potential investors, both in North America and overseas.
The statements contained in this news release that are not purely historical are forward-looking statements. Forward-looking statements may relate to the success of any of the Company's strategic initiatives, the Company's expectations, beliefs, growth and future prospects, and the Company's position in the market and future opportunities therein. Forward-looking statements may also include, without limitation, any express or implied statement relating to future events, industry performance, general business and economic conditions or circumstances, regulatory and legal requirements, and other matters, many of which are beyond the control of the Company. Forward-looking statements involve risks and uncertainties, which could cause actual results to differ materially from those projected. All forward-looking statements included in this news release are based upon information available to the Company as of the date hereof and the Company does not undertake any obligations to update forward-looking statements should circumstances or management's beliefs or opinions change.
On behalf of the Board of Directors of
PETAQUILLA MINERALS LTD.
Michael Levy, President and Director
No stock exchange has approved or disapproved the information contained herein.
Contacts: Petaquilla Minerals Ltd. Michael Levy President and Director (604) 694-0021 or Toll Free: 1-877 694-0021 (604) 694-0063 (FAX) www.petaquilla.com
SOURCE: Petaquilla Minerals Ltd.
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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Tonogold Resources, Inc. Completes Drilling and Sampling Program at Nyac, Alaska Gold Project LA JOLLA, CA -- (MARKET WIRE) -- August 31, 2006 -- Tonogold Resources, Inc. (PINKSHEETS: TNGL) has completed their 2006 core drilling, sampling and mapping program at their 83,200 acre Nyac Gold Project in the Tintina Gold Belt of southwest Alaska. The Company has shipped 4,137 soil samples, 55 rock chip samples and 1,361 core samples to the assay lab, ALS Chemex. Assays are reported from the first 2,390 soil samples.
Tonogold drilled eleven holes at Nyac in 2006, testing the largest gold soil anomalies recognized during the 2005 exploration program: the Bonanza Ridge Prospect, the Shamrock Prospect and the Wallace Prospect.
Assays from the first four holes, all drilled into the gold-anomalous Bonanza Pluton, have been received. Tonogold is awaiting assays from the other seven holes. The best reported intercept was 8.6 ppm gold over 2 feet (0.6 m) from a depth of 379 feet (115 m) in drill hole #1. (Note: 1 ppm equals 1 gram per metric ton). This assay interval came from a series of quartz-calcite-pyrite-chalcopyrite-bismuthinite veinlets associated with an aplite dike in sericite-altered granodiorite. Several fractures with similar wall rock alteration yielded isolated two meter intervals grading 1.0 ppm gold. Geology in the Bonanza Ridge holes at Nyac compares favorably with geology in the walls of the Fort Knox open pit mine near Fairbanks, supporting the low-grade disseminated, intrusive model previously expected for Bonanza Ridge.
Donald G. Strachan, Vice President of Exploration, says, "Tonogold's 2006 mapping, surface sampling, and drilling efforts have given us exciting new geologic insights at Nyac. We remain committed to the Nyac project and have begun planning a very focused exploration program for Summer 2007."
One reason for this expansive gold exploration outlook is the thick, extensive, sericite-clay alteration cut by fractures with secondary sericite-clay selvages encountered in all four holes. The laterally and vertically extensive Bonanza Ridge alteration is located directly below the largest 2005 soil gold anomaly. The critical sericite-clay alteration increases in intensity downwards in each of the four Bonanza drill holes. Compilation of 2006 gold and trace element core assays, added to results of the proposed 2007 trench sampling and airborne Mag-EM surveys, should develop a disseminated and perhaps a higher-grade structural gold target beneath Bonanza Ridge for drilling late in 2007 or perhaps 2008.
Saddle Mountain is the second reason for Tonogold's positive expectations for 2007. The Saddle Mountain granodiorite underlies a large and internally consistent gold soil anomaly revealed by the 2006 soil program. The size of the 2006 Saddle Mountain gold anomaly is larger than the similarly intense anomaly above the Bonanza target revealed by the 2005 soil program. In addition, gold-bearing veins and fault-breccias in the adjacent Jurassic volcanics were revealed by mapping, surface sampling, and trenching at Saddle Mountain in 2006. High-graded quartz-chalcopyrite-pyrite veins at Saddle Mountain yielded outcrop values of 132 ppm gold and greater than 1,000 ppm gold in Jurassic volcanics.
Another positive insight gained from Tonogold's 2006 exploration program is a completely different, structurally controlled style of mineralization encountered in the two holes drilled at the Wallace prospect, at the other end of the district from Saddle Mountain and Bonanza Ridge. A coarsely crystalline quartz-calcite-pyrrhotite-chalcopyrite-pyrite vein was intercepted in drill hole #10 with a narrower counterpart in drill hole #11. Besides the favorable gangue and sulfides (20% sulfides in drill hole #10), each vein intercept is characterized by a narrow chalcedonic silica envelope surrounded by a wide propylitic envelope. Host rock is Jurassic andesitic volcanics.
Tonogold expects to publish the final 2006 report on drilling, surface sampling and mapping at Nyac in the Fall. This report will include results from the 2005 and 2006 exploration programs and recommendations for 2007.
Tonogold Resources, Inc. is a minerals exploration company based in La Jolla, California with gold and silver properties in Alaska and Nevada. Tonogold is the parent company of Prospect Uranium, Inc. For more information on the Company visit their websites at www.tonogold.com and www.prospecturanium.com.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
This press release may contain certain forward-looking information about Tonogold Resources, Inc. ("Tonogold") which is intended to be covered by the safe harbor for "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. Words such as "plan(s)," "expect(s)," "feel(s)," "believe(s)," "will," "may," "anticipate(s)," and similar expressions are intended to identify forward-looking statements. These statements may include, but are not limited to, financial projections and estimates and their underlying assumptions; statements regarding plans, objectives and expectations with respect to future operations, products and services; or statements regarding future performance. Such statements are subject to certain risks and uncertainties, many of which are difficult to predict, and generally beyond the control of Tonogold Resources, Inc., that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include: our lack of operating revenue and earnings history; our need for additional capital to pursue our business strategy; the grade and quantity of minerals in our projects may not be economic; we do not have fee title to our properties, but derive our rights through leases and the Mining Law; we are a non-reporting company and as such do not make periodic filings with the Securities and Exchange Commission; we trade on the Pink Sheets and there can be no assurances that a liquid market will develop in our securities; mining is subject to extensive environmental regulations and can create substantial environmental liabilities; gold and silver are commodities which have substantial price fluctuations; a drop in gold or silver prices could adversely affect future profitability and/or capital raising efforts; and mining can be dangerous and present operational hazards for employees and contractors. Readers are cautioned not to place undue reliance on these forward-looking statements. Tonogold does not undertake any obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
/ CORRECTION - In Touch Media Group Ends Quarter With 225% Increase in Revenue CLEARWATER, FL -- (MARKET WIRE) -- August 31, 2006 -- In the news release, "In Touch Media Group Ends Quarter With 225% Increase in Revenue," issued earlier today by In Touch Media Group (OTCBB: ITOU), we are advised by the company that the first sentence of the third paragraph should read "'Our equity in two LLCs developing role-playing MMOGs, one involving a car racing related game and a social network and the other involving virtual nightclubs, has positively impacted our revenues,' said President and CEO Laura Betterly" rather than "'Our equity in two LLCs developing role-playing MMOGs, one involving NASCAR and the other virtual nightclubs, has positively impacted our revenues,' said President and CEO Laura Betterly" as originally issued. Complete corrected text follows.
In Touch Media Group Ends Quarter With 225% Increase in Revenue
CLEARWATER, FL -- August 31, 2006 -- In Touch Media Group, Inc. (OTCBB: ITOU) today announced a dramatic 225% year-over-year increase in revenue for the period ending June 30, 2006. In Touch Media Group's (www.intouchmediagroup.com) revenues for the three months ending June 30, 2006 were $1,597,370, a 346% increase over the $461,415 revenues for the three months ending June 30, 2005.
In Touch Media Group (ITMG) is an Internet marketing and public relations firm that specializes in generating brand awareness, driving website traffic, and delivering customers to its business clients. The company employs online market research to dramatically increase the effectiveness of online news article campaigns, search engine advertising, targeted publicity, and strategically placed website advertising. The dramatic increase in revenues reflects both the demand for advanced Internet marketing and public relations methodologies in this market sector and ITMG's recent actions in the celebrity endorsements and Massive Multiplayer Online Game (MMOG) arenas.
"Our equity in two LLCs developing role-playing MMOGs, one involving a car racing related game and a social network and the other involving virtual nightclubs, has positively impacted our revenues," said President and CEO Laura Betterly. "We expect the successful summer 2007 launch of these MMOGs to be a major driver of growth in the coming year."
Integral to the MMOGs is ITMG's patent-pending in-game advertising platform, which delivers advertisements on a per-transaction basis. "This represents a paradigm shift away from impression-based advertising and toward cutting-edge marketing accountability," said Betterly.
The company also recently signed an agreement with Ice-T, a pioneer of hip-hop music and an accomplished actor, to be the spokesperson for one of ITMG's leading clients, Rodedawg International Industries (PINKSHEETS: RWGI). In addition to revenues generated from the development and implementation of a public relations and marketing strategy for Rodedawg's new vehicle launch, ITMG received 3 million restricted shares of RWGI. "We see this strategic alliance as one which will yield positive results in the coming months," said Betterly.
Betterly noted that distribution agreements and the retention of ITMG by other high-profile clients are likely to positively impact the company's future financial performance. "ITMG's strength lies in its ability to stay on the cutting edge of Internet marketing and public relations. With the exponential growth of this sector, we will surely see significant financial returns as our own brand recognition increases," she concluded.
About In Touch Media Group
In Touch Media Group (OTCBB: ITOU) is an online marketing and PR firm which specializes in generating Website visitors, and customers for its business clients using a combination of effective systems, including search engine advertising, publicity, and other marketing services. The company employs online market research to dramatically increase the effectiveness of search engine advertising, targeted publicity, and strategically placed Website advertising.
This announcement contains "forward-looking statements." Words such as "anticipate," "believe," "estimate," "expect" and other similar expressions as they relate to the Company and its management are intended to identify such forward-looking statements. Although the Company and its management believe that the statements contained in this announcement are reasonable, it can give no assurances that such statements will prove correct. Factors that could affect the occurrence of events or results discussed herein are included with those mentioned in the Company's filings with the Securities and Exchange Commission.
posted
AAGH -- Asia Global Holdings Corp. Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Asia Global Holdings Corporation Posts July 2006 profits of $609,708 on $1,012,564 revenue, up 745% and 590% respectively over last year; plans to expand its involvement in advertising and media in China
LOS ANGELES, Sept 01, 2006 /PRNewswire-FirstCall via COMTEX/ -- Asia Global Holdings Corporation (OTC Bulletin Board: AAGH), formerly BonusAmerica Worldwide Corporation, posted profits of $609,708 on $1,012,564 revenue in the month of July 2006. This represents increases of 745% and 590% respectively over July 2005 profits and revenues of $81,738 and $171,410. With continued positive results from its advertising and media segment in China, the Company intends to step up its involvement in the segment. Management plans to continue to grow revenue and profits through the acquisition of or investment in established companies and projects in the China advertising and media segment with strong management and high growth potential.
The Company is maintaining its strong focus on the China market.
The Company recently announced its financial results for the second quarter ended June 30, 2006 which showed an 83% gain in quarterly revenue of $1,189,210 compared to $649,383 in revenues for the second quarter ended June 30, 2005. The financial results also showed a net income for the quarter of $335,578 which is an increase of 370% compared to a gross profit of $71,255 for the quarter ended June 30, 2005.
Asia Global Holdings Corporation (OTC Bulletin Board: AAGH) has a strong focus on building business in China and other emerging regions and markets in Asia and worldwide. The company's present subsidiaries participate in media & advertising and marketing services. The Company has offices in the US, Hong Kong and China.
Forward looking Statements in this document that are not historical fact as "forward-looking statements" as that term is defined in the Private Securities Litigation Reform of 1995. Forward-looking statements are not guarantees of future performance. Our forward-looking statements are based on trends that we anticipate in our industry and our good faith estimate of the effect on these trends of such factors as industry capacity, product demand, and product pricing. These statements are also subject to risks and uncertainties beyond our reasonable control that could cause of actual business and results of operations to differ materially from those reflected in our forward-looking statements. You may find all other information about Asia Global Holdings Corporation on the Securities and Exchange Commission website, http://www.sec.gov.
SOURCE Asia Global Holdings Corporation
CONTACT: Asia Global Holdings Corporation, Investor Relations, Phone: +1-213-243-1503, Email: ir*AsiaGlobalHoldings.com
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