There were no bulletins from any NEX company at the bottom of Friday's TSX Venture Daily Bulletins, but there was one from a soon-to-be NEX issue. Everbright Capital Corporation [VSE: EBC.P] is moving to the NEX starting on Monday. As of then, its new symbol will be EBC.H. The company is currently suspended from trading; it last closed at 10 cents/share in the beginning of May. Canjex Publishing has webbed a copy of the bulletin announcing the transfer.
One news release was sent out exclusively through Canjex on Friday. It's a report about the financial troubles that Stone Mountain Holdings Inc. [NEX: SMO.H] has been having - specifically, about its trouble with paying a rather large gas bill. Stone Mountain is being sued by Access Gas Services Inc. for an unpaid bill in the amount of $110,399 for gas provided ever since March of this year. "This should surprise no one. In a press release issued a week before Access filed its lawsuit, Stone Mountain said it was shutting down its business and liquidating the assets of its operating subsidiary Re-Con Building Products Inc. Re-Con owes HSBC Bank Canada $1.4-million, and Stone Mountain will use the proceeds of the liquidation to pay the bank. Louis Clarke, the company's president, also said that while Stone Mountain was a guarantor of subsidiary's debt, it did not expect HSBC would call the guarantee. Perhaps there will be something left over for the gas bill." SMO.H closed on Friday at 2.5 cents/share, down 0.5 cents/share from Thursday's close.
In addition to the above items, there were also SEDAR-filed financial statements announced on Friday:
- Nugget Resources Inc. has filed its audited annual financial statements for FY 2007, with accompanying M D & A.
To read about the highlighted NEX stocks for Friday, you can go here.
No comments:
Post a Comment