News Releases From NEX Companies For October 18th

There were no news releases from any NEX company that were picked up by Marketwire on Thursday. There was, on the other hand, a bulletin from a NEX company at the bottom of Thursday's TSX Venture Daily Bulletins, and one from a soon-to-be former one at the top. The first-mentioned bulletin is from Raystar Enterprises Ltd. [NEX: RST.H], which is changing its name to Raystar Capital Ltd. and its symbol to RYA.H. The bulletin also announces a 3-for-1 consolidation of Raystar's shares. Canjex Publishing has a webbed copy of this bulletin here, as it does for parts of the following one.

The bulletin from the former NEX company as of Friday's opening, is from Abitibi Mining Corp. [NEX: ABB.H; as of Oct. 19th trading, VSE: ABB.] It now qualifies as a Tier 2 mining company, and that's what it will become, with appropriate symbol adjustment. The rest of the bulletin has details on an 11.6 million-share private placement, raising $928,000, and an issuance of 3.4 million shares to settle an outstanding debt of $510,000 at a deemed price of 15 cents/share.

Three news items were issued exclusively through Canjex on Thursday. The first comes from Golden Hat Resources Inc. [NEX: GHA.H]; it announces the arrangement of a private placement of 2 million Golden Hat units, each comprised of 1 common share and a purchase warrant for another with exercise price of 10 cents and life of 1 year, at 5 cents/unit. Total gross proceeds were $100,000, before any finder's fees. GHA.H closed at 6 cents/share, up 0.5 cents/share since Wednesday's close.

The second is from BHR Buffalo Head Resources Ltd. [NEX: BHR.H], which announces the closing of a $675,000 private placement by "the issuance of 7.5 million shares at a price of nine cents per share." There were no warrants issued as part of the deal. The issued securities will be escrowed until Feb. 18th, 2008. The news release explains that "[t]he proceeds from this private placement will be used for the planned acquisition of a mineral resource property of merit and for working capital purposes." The last close of BHR.H was on Monday, at 18 cents/share.

The third and final release announces the revocation of a cease-trade order by the Alberta Securities Commission against Nugget Resources Inc. [NEX: NUG.H]. Nugget recently caught up with its financials filings, which prompted this revocation. The B.C. Securities Commission's cease-trade order against Nugget has yet to be rescinded.


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

• ST Systems Corp. has filed annual reports for 2002-06 with accompanying M D & A, as well as interim unaudited financial statements for the first two quarters of FY '07.
• Pacific Wildcat Resources Corp. has filed its latest quarterly statements with accompanying M D & A.

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