News Releases From NEX Companies For October 4th

One news release from a NEX company was picked up by Marketwire on Thursday. The company that released it was one whose stock was halted on Wednesday: Jalna Minerals [NEX: JMA.H]. The news release announced Jalna's acquisition of "up to a 100% interest in certain mineral claims [43 of them] located in the Nonacho Basin, District of Mackenzie, Northwest Territories of Canada (the "Property"), subject to a 3% [net smelter royalty]" held by the three individual vendors of them. None of the sellers were directors or insiders of Jalna, making it an arm's-length transaction. The property is expected to yield economic deposits of uranium. The underlying mineralization that the property partially covers has shown encouraging results from old soil, rock and a trench sample, but there are no current results as of yet. The release itself has further details on the mineralization and historical results; it ends with an announcement of the 2007 annual meeting on Thursday, November 15, 2007 at 11 AM PT in Vancouver. Jalna remained halted for all of Thursday, as confirmed by a release sent out through Canjex Publishing and included at the bottom of Thursday's TSX Venture Daily Bulletins.

Two releases were sent out exclusively through Canjex on Thursday. The first was from Gold Star Resources Corp. [NEX: GXX.H], and it contains two items. First of all, a consulting agreement has been entered into with Patrick Morris of SGM Inc. "SGM will provide consulting, administrative, logistical and management services to the company." Secondly, a $300,000 private placement of 3 million units has been arranged, at a price of 10 cents/unit. Each unit will consist of one common share and one purchase warrant with exercise price of 15 cents/share and life of one year. "The proceeds will be used for general working capital and to identify a transaction that will qualify the company for a Tier 2 standing on the TSX Venture Exchange." GXX.H closed at 15.5 cents/share, up 2.5 cents/share since Wednesday's close.

The second release is from Tri-River Ventures Inc. [NEX: TVR.H]; it announces a $90,000 private placement of 400,000 units, at 22.5 cents/unit if fully subscribed. Each unit consists of one share and a purchase warrant with strike price of 45 cents/share and life of two years. "The proceeds will be reserved for working capital." Regulatory approval is still pending; both the shares and the warrants will be subject to a four-month holding period. TVR.H closed at 30 cents/share, unchanged since it last traded on Monday.


In addition to the above items, there were also SEDAR-filed financial statements announced on Thursday:

• Nugget Resources has filings covering fiscal years 2004-6 and most of FY 2007;
• Warwick Communications has filed its latest quarterly statements with accompanying M D & A, and has re-filed the M D & A for the previous quarter;
• International CHS Resources Corp. has filed its interim quarterly statements and accompanying M D & A; and,
• Emergence Resorts Canada Inc. has filed interim quarterly statements but not an accompanying M D & A as yet.

To read about the highlighted NEX stocks for Thursday, you can go here.