News Releases From NEX Companies For October 12th

There was one news release from a NEX company that was picked up by Marketwire on Friday. Pacific Wildcat Resources Corp. [NEX: PAW.H] has entered into a Letter of Intent to buy the assets of Tantalum Mineracao e Prospeccao Limitada (TMP) from that company's owner, Bolan Holdings Ltd. TMP holds several mining leases for Mozambique properties that are believed to contain economic deposits of tantulum. According to the news release announcing it, "TMP's mining leases are situated in north-eastern Mozambique along a band of pegmatite rocks which have historically been the subject of tantalum production and exploration. The leases cover several tantalum occurrences including the currently dormant Muiane Mine and seven other previously mined areas. None of the leases have been subject to modern exploration techniques, however, the areas of previous mining activity provide delineated exploration targets, both near surface and at depth." If the deal goes through, Pacific Wildcat will pay US$2,400,000 and issue 6,340,000 shares of PAW.H to Bolan, and will spend $1,000,000 on exploration of the lease properties within eighteen months of the deal closing. Closure is contingent upon a minimum $5 million private placement, which itself is contingent upon Pacific Wildcat moving to the Venture Stock Exchange. This transaction is expected to fit the bill for a Qualifying Transaction restoring Pacific Wildcat to active-company status - specifically, as a tantulum exploration (and, later, mining) company. The release contains further details, including the planned composition of the new board of directors and an added condition if Pacific Wildcat finds more reserves than presently estimated.

There was one bulletin from a NEX company at the bottom of Friday's TSX Venture Daily Bulletins, from Golden Sunset Trail Inc. [NEX: GST.H]. Its text reads: "Further to TSX Venture Exchange Bulletin dated April 5, 2007, effective at 6:08 a.m. PST,... trading in the shares of the Company will remain halted pending receipt and review of acceptable documentation regarding the Change of Business and/or Reverse Takeover pursuant to Listings Policy 5.2." Yesterday, Golden Sunset announced a planned takeover of Brimstone Mining. GST.H's shares last traded on March 23rd of this year at 26.5 cents/share.

Five news releases from NEX companies were sent out exclusively through Canjex Publishing on Friday; two of them were from the same company. That company was Cantrell Capital Corp. [NEX: CLJ.H]. The first news release announces the appointment of Zeny Manalo to the board of directors, and the resignation of Russell Crum. The second announces a $1.4 million financing which will consist of up to 28 million units, each containing one common share and a non-transferable purchase warrant good for another common share with exercise price of 10 cents and life of one year. "Proceeds from the private placement will be used for transactional costs and general working capital." The TSX Venture Exchange has yet to give approval of this financing, identified in the news release as a kind of private placement. Cantrell last traded on Sept. 28th, when it closed at 10 cents/share.

The third release through Canjex came from Guildhall Minerals Ltd. [NEX: GDM.H], which announces that the company has settled $67,200 worth of debt owed by it to three of its officers and/or their firms. In lieu of cash repayment, Guildhall has issued 320,000 units at a deemed price of 21 cents/unit. Each unit consists of one common share and half a purchase warrant, with exercise price of 25 cents/share and life of one year. Guildhall last traded on Tuesday, closing at 26 cents/share on that day.

Fourthly, Specialty Foods Group Income Fund [NEX: HAM.UN.H] has announced the appointment of Steven P. Wright as the new CFO. Promoted from Specialty Foods' corporate controller, Mr. Wright replaces David S. Shapland, who resigned. "'The decision to resign allows me to spend more time with my family,' Mr. Shapland said." His send-off message, from Specialty Foods' CEO, Bonita Then, was: "I'd like to thank Dave for all that he's done for the company... Under Dave's leadership, we were able to develop significant bench strength on our finance team, which will ensure a smooth leadership transition. We wish Dave continued success in his future endeavours.'"

The fifth and final release through Canjex was from Rose Marie Resources Inc. [NEX: RSR.H]; it announces the exercise of three million warrants at their exercise price of 11 cents/share. Those same warrants had their exercise price reduced from 13 cents/share back on September 28th. Rose Marie last traded on Tuesday, and closed at 12.5 cents/share on that day.


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