News Releases From NEX Companies For October 2nd

There was one news release from a NEX company that was picked up by Marketwire on Tuesday, released before the opening of trading, as well as a confirmatory release from a company invoved in a reverse takeover with a NEX company. The first release was from Rocher Deboule Minerals Corp. [NEX: RD.H], and it details Rocher's acquisition of a second niobium property, right next to the one it acquired on Sept. 10th - the Brent claims. This latest acquisition is the Lonnie Carbonatite claims, which has encouraging historical results but no present-day results. According to the press release announcing the purchase of the Lonnie claims, both properties "[cover] all known niobium mineralization in the area." It also discloses that the price paid by Rocher is $10,000 and 100,000 shares of RD.H, subject to regulatory approval. Rocher closed on Tuesday at 45 cents/share, down 2 cents/share since Monday's close.

The Marketwire-disseminated release that mentions a NEX company is from Transeuro Energy, and it concerns the reverse takeover by/of Surge Resources Inc. [NEX: SRH.H] which Surge itself reported on Monday. The Transeuro news release mentions that Surge will be moving to Tier 2 of the TSX Venture soon; that Transeuro now has the pre-emptive right to acquire 50% of any subsequent share issue over the next two years; and, that new Surge CEO Hal Hemmerlich is Transeuro's current CEO and President. Also released, through Canjex Publishing, was a SEDAR-filed document, an Early Warning Report [PDF file], which announces Transeuro's acquisition of "30,000,000 common shares in the capital of the Company, representing approximately 53% of the issued and outstanding share capital of the Company." SRH.H closed on Tuesday at $1.45/share, unchanged since Monday's close.

No NEX companies were mentioned in Tuesday's TSX Venture Daily Bulletins.

There was one release from a NEX company that was sent out exclusively through Canjex on Tuesday. Avigo Resources Corp. [NEX: TMX.H] has announced the appointment of Pierre Besuchet as the new President and as a director, and Debbie Lew as the new CFO of the company. Previously, Ross Wilmont had held both positions, but he has resigned. It also says that Mr. Besuchet is an investment banker from Geneva. TMX.H closed at 40 cents/share on Tuesday, up 1 cent/share from Monday's close.


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