News Releases From NEX Companies For October 25th

There was one news release about a NEX company that was picked up by Marketwire on Thursday, and another one from a company that's joining the NEX Board soon. The first is from Dynasty Metals & Mining Inc., which is listed on the Toronto Stock Exchange [TSX: DMM]. It announces that Dynasty has received conditional approval of its sale of "the core concessions of its Copper Duke gold/copper project" to SBI Skin Biology Inc. [NEX: SBI.H] for 51,000,000 shares of SBI and the retention of a 2% net smelter rate. So, the SBI reverse takeover of/by Dynasty has been conditionally approved by the respective exchanges on both ends of the transaction. One of the conditions that Dynasty has to meet is the securing of shareholder approval of its sale.

The other release from Marketwire is about a TSX Venture company, Wavefire.com Inc. [VSE:WAF.A]. The release says that Wavefire has been classified as an inactive company, and thus is going to move to the NEX "effective immediately." Despite that declaration, the shares are still listed on the VSE and the symbol hasn't been changed in conformity with that decision as of yet.

One bulletin from a NEX company was at the bottom of Thursday's TSX Venture Daily Bulletins. The Venture has accepted the documentation for filing of The Silver Recycling Company Inc. [NEX: TSR.H]'s private placement of 500,500 units at 50 cents/unit for gross proceeds of $250,250. Each units contains one common share and half a purchase warrant, with strike price of 65 cents/share and life of 1 year. The placement, which was non-brokered and had no insider or pro participation, was originally announced on June 6th and reported as completed on August 10th. Canjex Publishing has a webbed copy of this latest bulletin. TSR.H's last close of 44 cents/share was made on Monday, even though there was an odd-lot-sized trade on Thursday.

One news release from a NEX company was sent out exclusively through Canjex on Thursday, from the same company that sent out the bulletin linked to above. The Silver Recycling Company has announced that it's upping the strike price of 420,000 incentive stock options issued to directors, from 33 cents/share to 50 cents/share. These options will expire on September 20th, 2012.


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