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Aug 14

Antioquia Gold Closes Previously Announced Private Placement With Desafio Minero

CALGARY, ALBERTA–(Marketwire - Aug. 14, 2010) - Antioquia Gold Inc. (TSX VENTURE:AGD; “Antioquia” or the “Corporation”) stated that it had closed the previously announced non-brokered private placement with Desafio Minero S.A.C. (”Desafio”). Antioquia issued to Desafio: (i) 12,128,101 common shares of the Corporation at a price of Cdn.$0.20 per common share for gross proceeds to the Corporation of Cdn.$2,425,620.20; and (ii) a special warrant at a price of Cdn.$808,540 that is convertible into 4,042,700 common shares of the Corporation at no additional consideration upon the receipt of the approval of Antioquia’s shareholders and the TSX Venture Exchange (the “TSXV”) for Desafio becoming a “control person” of the Corporation. Until receipt of shareholder approval, the Cdn.$808,504 will be held in escrow. Antioquia will hold a meeting of its shareholders on September 30, 2010 to seek shareholder approval, and has agreed to recommend that shareholders vote in favour of having Desafio become a “control person”.

In connection with the private placement closing, Antioquia paid a finder’s fee in the amount of $169,793.41 and issued 848,967 compensation options (the “Compensation Options”), with each Compensation Option exercisable into one common share at a price of $0.20 from the date of issuance.

All of the securities, including the Compensation Options issued, are subject to a four month hold period that will expire on December 14, 2010. Antioquia has received conditional TSXV acceptance for the private placement but it remains subject to final TSXV approval.

The net proceeds of the private placement will be used by the Corporation for general working capital purposes and for the continuation of its exploration activities and drilling programs in Colombia, including on its principal asset, the Cisneros Project, located 70 kilometers northeast of Medellin in the Department of Antioquia, Colombia.

Antioquia also announced the entering into of a strategic alliance agreement with Desafio pursuant to which Desafio has been granted certain rights, including the right to maintain its percentage equity ownership interest in the Corporation, the ability to nominate at least one director to Antioquia’s board as long as Desafio’s ownership interest remains above 10%, and a right of first refusal in respect of the sale by Antioquia of any of its mineral property assets. Desafio will be considered a preferred joint venture partner in any future potential joint ventures especially as they relate to any asset sale or Antioquia’s 32,000 hectare Strategy Properties portfolio. The six projects comprising the Strategic Properties portfolio are all located throughout the prolific Cauca Porphyry Belt near such notable properties as Marmato and Buritica. Antioquia will be considered by Desafio as a preferred joint venture partner in any future opportunities they develop in Colombia.

Antioquia Gold Inc.

Antioquia Gold is a Calgary-based mineral exploration company, focused on searching out precious metals and other opportunities in Colombia since 2007. The Corporation’s flagship property is the Cisneros Project, located 70 kilometres northeast of Medellin in the Department of Antioquia. Exploration on the Cisneros Project is ongoing and includes drilling, trenching, ground geophysics and soil sampling. Antioquia also controls 32,000 hectares of exploration concessions in the Cauca Porphyry Belt of Colombia.

Contact:

Sheri Torske
Antioquia Gold Inc.
Manager, Investor Relations
403-260-5383
storske@antioquiagoldinc.com

Robert James
Antioquia Gold Inc.
Chief Financial Officer
403-260-5383
rjames@antioquiagoldinc.com
www.antioquiagoldinc.com

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Tags: Antioquia Gold Inc, Cisneros Project, closed non-brokered private placement, common shares, Compensation Options, Desafio Minero S.A.C., mineral exploration company, precious metals, private placement, shareholders, TSX:AGD

Aug 14

Marksmen Resources Ltd. Announces Annual Meeting Results, Completion of the Asset Sale Transaction, Consolidation and Change of Name to “Marksmen Energy Inc.”

CALGARY, ALBERTA–(CRWENEWSWIRE) - Aug. 14, 2010 - Marksmen Resources Ltd. (TSX VENTURE:MA; “Marksmen” or the “Corporation”) is pleased to announce that it has recently completed its previously announced transaction (the “Transaction”) involving the sale of substantially all of the Corporation’s assets other than its Alder Flats oil and gas property pursuant to an asset sale agreement dated July 13, 2010 (the “Asset Sale Agreement”), which was detailed in the management information circular of Marksmen dated July 13, 2010 (the “Circular”) and approved by the shareholders of the Corporation on August 11, 2010. In connection with the Transaction, a private company (”PrivateCo”) acquired and subsequently cancelled Marksmen’s loan facility in the aggregate principal amount of $3,604,000, and Marksmen issued a promissory note in the amount of $366,000 to PrivateCo as well as 13,333,333 units (on a pre-consolidated basis) to PrivateCo, each unit consisting of one common share (”Common Share”) of the Corporation and one common share purchase warrant (”Warrant”). Each Warrant entitles the holder thereof to purchase one Common Share at a price of $0.15 per share (on a pre-consolidated basis) until its expiry at 4:30 p.m. (Toronto time) on August 11, 2013. The Circular was filed on SEDAR under the Corporation’s SEDAR profile and is available for viewing at www.sedar.com.

The Corporation also announces that in conjunction with the closing of the Transaction, Marksmen has completed its previously announced, private placement (the “Private Placement”) of subscription receipts (”Subscription Receipts”) of Marksmen. Upon closing on August 11, 2010, a total of 58,156,880 Subscription Receipts (on a pre-consolidated basis) were issued for gross proceeds of $669,958.25. Each Subscription Receipt was deemed to be exchanged, without payment of any additional consideration, for one tenth (1/10) of a post-consolidated Common Share of Marksmen and one tenth (1/10) of a post-consolidated Warrant (on the same terms as the Warrants described above) upon the satisfaction of certain terms included in the Subscription Receipts, including the filing of the articles of amendment to reflect the consolidation of the Common Shares and the name change described below.

The Corporation is also pleased to announce that at the annual and special meeting of the shareholders of the Corporation (the “Shareholders”), the following resolutions were approved:

a. The fixing of the number of directors of the Corporation at four (4) and election of the directors (as set out below);
b. The appointment of Deloitte & Touche LLP as the auditors of the Corporation for the ensuing year;
c. The approval of a new stock option plan for the Corporation;
d. The adoption of a new general by-law governing the Corporation;
e. The approval of the Asset Sale Agreement to sell substantially all of the assets of the Corporation (as described above);
f. The Consolidation (the “Consolidation”) of the issued and outstanding common shares of the Corporation on the basis of one (1) new common share (”New Common Share”) for ten (10) Common Shares. In addition the exercise price and number of common shares of the Corporation issuable upon the exercise of outstanding options, warrants and other convertible securities was proportionately adjusted;
g. The name change of the Corporation to “Marksmen Energy Inc.” (the “Name Change”); and
h. The cancellation of certain stock options to insiders of the Corporation and the availability of stock options for future re-issuance.

Following the completion of the Transaction, the Private Placement (including the conversion of the subscription receipts into Common Shares as described above) and the Consolidation, the Corporation has approximately 125,179,514 issued and outstanding New Common Shares on a post-consolidated basis. Approval of the Consolidation and the Name Change and the date upon which the Corporation’s shares will being trading on a post-consolidated basis remains subject to the approval of the TSX Venture Exchange.

The Board of Directors of Marksmen now consists of Thomas Rozak, John Niedermaier, Archibald Nesbitt and Erich Boechler. Additionally, the Corporation is pleased to announce the following officer appointments: Thomas Rozak as President and Secretary, Erich Boechler as Chief Executive Officer and John McIntyre as Chief Financial Officer. The Board of Directors would like to thank Peter Malenica for his dedication and contributions to the Corporation over the past several years as President, Chief Executive Officer and a director.

Completion of the Consolidation, Name Change, Transaction and Private Placement described herein are subject to TSX Venture Exchange acceptance. There can be no assurance that the Consolidation or Name Change will be completed as proposed, or on a specific date, or at all. There can be no assurances that the market price of the New Common Shares will increase as a result of the Consolidation. The marketability and trading liquidity of the consolidated shares of the Corporation may not improve as a result of the Consolidation. The Consolidation may result in some shareholders owning “odd lots” of less than 100 Common Shares which may be more difficult for such shareholders to sell or which may require greater transaction costs per share to sell.

Tags: Alder Flats oil and gas property, asset sale agreement, Marksmen Energy Inc, Marksmen Resources Ltd., Name Change, private placement, promissory note, sale of all of the Corporation's assets, shareholders

Aug 12

Anaconda confirms all New Island shares tendered Monday, August 9 were taken up and paid for with no rights of withdrawal

TORONTO, Aug. 12 /CRWENewswire/ - Anaconda Mining Inc. (”Anaconda”) (TSX: ANX - News) confirms that it has taken up and paid for the previously announced 17,935,274 common shares (”New Island Shares”) of New Island Resource Inc. (”New Island”) that had been deposited to Anaconda’s offer to acquire the issued and outstanding New Island Shares (the “Offer”). Accordingly, no further rights of withdrawal exist with respect to these shares.

In a press release it issued August 11, 2010, New Island stated that it intends to continue pursuing a competing proposed plan of arrangement with Mountain Lake Resources Inc. that it cannot in fact complete. As New Island noted in its press release, the proposed transaction remains subject to the approval by at least two-thirds of the votes of New Island shareholders voting at a meeting called to approve this transaction.

New Island’s stated intention to pursue this transaction only serves to mislead New Island shareholders given that New Island also acknowledged that Anaconda has advised New Island that it will not be voting in favour of this transaction. With Anaconda holding approximately 35.7% of the outstanding New Island Shares, New Island cannot possibly under any circumstances obtain the required shareholder approval in order to proceed with the Mountain Lake transaction.

As previously announced, Anaconda extended the expiry date of its Offer until 5:00 p.m. (Toronto time) on August 20, 2010 when it came to Anaconda’s attention that various shareholders of New Island were not able to meet requirements imposed by their intermediaries to tender their New Island Shares in advance of the previous 5 p.m. August 9 expiry deadline. This extension is intended to enable them to accept the Offer.

Anaconda is pleased to report that yesterday significant additional New Island Shares were tendered to the Offer and Anaconda encourages all other holders of New Island Shares to participate in the only offer for New Island Shares that can be completed at this time. Anaconda cautions shareholders to check with their intermediary to determine when the Offer must be accepted to meet the new expiry time of 5 p.m. (Toronto time) on Aug. 20, 2010.

Anaconda reiterates that it now holds sufficient New Island shares to defeat any special resolution of shareholders of New Island to approve a transaction with Mountain Lake Resources Inc. or any other transaction that may be proposed.

As also previously announced, Anaconda requisitioned a meeting of shareholders of New Island for the purpose of electing a new Board of Directors of New Island as soon as possible.

Investors may obtain a free copy of the Offer documents filed by Anaconda with Canadian securities regulators at www.sedar.com. In addition, you may request these documents free of charge, from Anaconda’s information agent, Kingsdale Shareholder Services Inc. within North America at 1-888-518-1558 (outside North America at 1-416-867-2272).

This press release does not constitute an offer to buy or sell, or the solicitation of an offer to buy or sell, any of the securities of New Island. Such an offer can only be made pursuant to an offer to purchase and accompanying an offering circular filed with the securities regulatory authorities in Canada.

About Anaconda
————–

Anaconda is a Toronto, Canada-based mining development and exploration company focused on advancing its principal assets, the Pine Cove Gold Mine in Canada and its portfolio of Chilean iron ore assets. Anaconda is committed to bringing the Pine Cove Gold Mine into full Commercial Production, as well as advancing the exploration and near-term production opportunities of its Chilean iron ore assets. Anaconda continues to evaluate strategies to ‘unlock’ value attributable to its Chilean iron portfolio for the benefit of its shareholders.

For further information

Lew Lawrick, President and CEO, Anaconda Mining Inc., (647) 478-5307, Email: llawrick@anacondamining.com
or Greg DiTomaso, Investor Relations, Anaconda Mining Inc., (647) 436-2592, Email: info@anacondamining.com
Or visit Anaconda’s website at: www.anacondamining.com

Disclaimer:
CRWEnewswire is not liable for the contents of this news, as well as not being liable for any errors or delays in the content, or for any actions taken in reliance thereon. The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of Crown Equity Holdings or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company mentioned or referred to in the article.

Tags: . offer to acquire, Anaconda Mining Inc, anx, gold mining, iron ore assets, meeting of shareholders, mining development and exploration, Mountain Lake Resources Inc., New Island Resource Inc, New Island Shares, outstanding New Island Shares, Pine Cove Gold Mine, shareholders, taken up and paid for common shares

Jun 4

Setting the World on Its Shelves

By Bobbie Katz

If you need a job, you might want to contact Walmart.

On Friday, Wal-Mart Stores Inc’s. CEO Mike Duke told shareholders that the retailer is positioning itself for 20 years of worldwide growth and that it plans to hire another half-million employees over the next five years. He noted that he wanted Wal-Mart, with 8,000 stores worldwide, to “become a truly global company.”

Also revealed was a new $15 billion stock buyback but no details were given on how it is expected to improve weak sales in Walmart stores in the U.S. amid competition from retailers such as Target.

Attempting to shake off effects of the recession, the company said it would step up its game on pricing. Its executives admit that Wal-Mart needs to reverse the decline in customer traffic and solve issues with its merchandise mix.

Wal-Mart currently has 2 million employees.

The Views and Opinions Expressed by the author are his or her opinions only and do not necessarily reflect those of Crown Equity Holdings or its agents, affiliates, officers, directors, staff, or contractors. The author at the time of this article did not own any shares or receive any consideration financial or otherwise from any company mentioned or referred to in the article. Please read our disclaimer

Tags: competition, global company, recession, shareholders, stock buyback, wal mart stores inc., worldwide growth

May 13

Cannabis Medical Solutions, Inc. (CMSI.OB) offers reliable merchant payment solutions

Recently, Cannabis Medical Solutions, Inc. (OTC BB: CMSI.OB) announced that its board of directors has approved a resolution authorizing an increase in the number of authorized shares of the Corporation’s common stock from 250,000,000 to 500,000,000. The Company’s board of directors and majority shareholders have also voted for an issuance of a stock dividend to each shareholder of CMSI. Pursuant to the resolutions, holders of the company’s common stock will each receive an additional nine shares of common stock for each share they own of the record date set for May 14, 2010. Distribution of the dividend will begin on June 1, 2010.

“The Board of Directors believes that an increase in the number of shares of authorized common stock and stock dividend will benefit CMSI and our stockholders by giving us needed flexibility in our corporate planning and in responding to developments in our business, including possible acquisition transactions, financings, stock dividends and other general corporate purposes,” stated Kyle Gotshalk, CEO of Cannabis Medical Solutions.

About Cannabis Medical Solutions Inc.

Cannabis Medical Solutions Inc. has quickly become the most recognized brand and partner in both online and wireless niche merchant payment solutions. The Company offers a full spectrum of secure and reliable transaction processing solutions using traditional, Internet Point-of-Sale (POS), e-commerce and mobile (wireless) terminals in conjunction with Industry Alliance Partners. The Company has recently focused on providing payment solutions to the licensed medical marijuana dispensaries throughout 14 states. In an effort to keep these businesses within the guidelines of CA Proposition 215 and SB 420, Cannabis Medical Solutions offers reliable merchant payment solutions and closed loop pre-paid stored value and loyalty cards as a unique cash alternative to these regulated dispensaries for both operators and members of collectives. CMSI will seek to capitalize on this presently untapped and much needed solution, and presently provides services to multiple locations throughout California, New Mexico, Colorado and Montana.

Visit Cannabis Medical Solutions, Inc. (CMSI.OB) for more information at http://www.cannabismedsolutions.com

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