News Releases From NEX Companies For October 29th

There were no releases from any NEX company that were picked up by Marketwire on Monday. There were, however, two bulletins from NEX companies in Monday's TSX Venture Daily Bulletins, both of which pertained to the same company: Trilogy Metals Inc. [NEX: TRI.H]. Both of them were short and succinct: the first announced a trading halt in TRI.H as of 6:06 AM PT, or 9:06 AM ET, and the second announced a resumption in its trading as of 9 AM PT or 12 noon ET. Since the market opens as of 9:30 AM ET, or 6:30 AM PT, these two imply that there was no trading allowed in Trilogy stock on Monday until noon ET. (As explained in the "Highlighted NEX Stocks for October 29th," it took off like a rocket once trading resumed. Despite the pending-news nature of the halt, none was forthcoming on Monday. The only related news item came down the pipe last Friday, announcing the takeover of all the shares of NWest Energy and the changes in Trilogy which this takeover will entail.) Canjex Publishing has webbed copies of both bulletins, one for the halt and one for the resumption.

Three news releases were sent out exclusively through Canjex on Monday. The first came from Lominko Resources Ltd. [NEX: LMR.H]: it announces Lominko's intention to move to Tier 2 of the Venture Exchange through it optioning a new set of claims called the Nak property. They abut Lominko's presently-held claims of the Joss'alun property, which Lomiko optioned from Copper Ridge Explorations Inc. last year. The Nak claims have been optioned from Imperial Metals Corp. Both of these properties are being combined into a single property, referred to as the Big Nak property. These two options, which the news release explains the terms of, have been deemed by management to be sufficient for Lomiko to apply for graduation to the Tier 2. To meet the expenditures required by the terms of the options over the next year, Lomiko has completed a private placement of one million common shares and another million flow-through shares for total gross proceeds of $500,000. The company has deemed the proceeds sufficient to enable "the company to have adequate funds required to advance." LMR.H traded only in odd lot sizes on Monday; its last close, made on October 19th, put the stock at 37 cents/share.

The second release came from Warwick Comminucations Inc. [NEX: WWK.H]; it announces that Warwick has been listed on the Canadian Trading and Quotations Systems Inc. as of October 23rd. Warwick has also applied for de-listing from the NEX Board. The rest of the news release states that, as of the same day, AAA Power Inc. has bought about 81% of the common shares of Warwick. It also announces the new top-management team at Warwick: Jeremy White, appointed as president, CEO and CFO as well as a director; James (Jim) Williamson, appointed as executive vice-president; and, Nicholas (Nick) Pitt, appointed vice-president of operations. Warwick remains suspended on the NEX.

The third and final repease through Canjex is from Pacific Wildcat Resources Corp. [NEX: PAW.H]: it contains a clarification to an earlier release, issued October 12th, that announces Pacific Wildcat's takeover of a company that owns certain tantulum claims in Mozambique. The clarification pertains to the past employment history of Rakesh Garach, one of the new directors of Pacific Wildcat. It says that he "was the former chief operating officer of Deutsche Bank in South Africa. Prior to that appointment, he was a partner with Ernst and Young in South Africa." The original report said that was still the COO of Deutsche Bank. PAW.H is still halted; its last close, which put PAW.H's price at 21 cents/share, was on Septenber the 27th.

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

• Golden Hat Resources Inc. has filed its audited annual financial statements for FY 2007 with accompanying M D & A.
• GTO Resources Inc. has also filed its interim unaudited quarterlies with accompanying M D & A
• Cierra Pacific Ventures Inc. has filed its audited annual financial statements for FY 2007 with accompanying M D & A.
• Gold Star Resources Corp. has filed its audited annual financial statements for FY 2007 with accompanying M D & A.

[Note: There were three other NEX companies that filed reports through SEDAR on Monday, but due to time constraints their summarization on this blog will be postponed for Tuesday's report. Those three companies were Agrotech Greenhouses Inc. (interim unaudited quarterly report), Focus Ventures Ltd. (interim unaudited quarterly) and Themac Resources Group Ltd. (annual audited report.)]

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