Silvore Fox Receives $1.125 Million Cash Through Early Exercise Of Warrants

From Silvore Fox Minerals - Coxheath Property

SFX - TSXV

Shares Outstanding – 121.77 Million

Fully Diluted – 153.15 Million

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Silvore Fox Minerals announced today that Sino Minerals has exercised its right to purchase 11,250,000 shares of SFX at $0.10 per share. This represents half of the warrants Sino received as part of Silvore Fox’s non-brokered private placement on January 28, 2010. The original date of expiry of the warrants was set for January 27, 2012. Sino has also committed to purchase the remaining 11,250,000 warrants in a second tranche on or before November 30, 2010.

With these funds in place, Silvore Fox has committed to accelerating its exploration program on its 100% owned Coxheath property in Halifax, Nova Scotia. News of details on the company’s planned summer drill program can be expected soon.

About Sino Minerals (SMC)

SMC is a Canadian corporation majority-owned by Chinese shareholders, including Beijing Donia Resources Co ("Donia"), a state owned entity whose mandate includes exploring for base metal resources worldwide.

The Chairman of Donia and SMC is Dr. Jingbin Wang. He is also:
- Chairman of Canaco Resources – CAN:TSX-V
- Executive Director of the China Nonferrous Metals Resource Geological Survey
- President of the Beijing Institute of Geology for Mineral Resources
- President and Chairman of SinoTech Mineral Exploration
- Deputy director of the China Nonferrous Metals Industry Association
- China National Youth Expert of Outstanding Contribution

Dr. Jingbin Wang - The Chairman of Donia and SMC was recently appointed Silvore Fox’s Chairman of the Board

To view the full release, please click here

Anglo Swiss Drilling Phase One - Finally

Anglo Swiss Resources Inc.
(TSX-V: ASW) (OTCBB: ASWRF) (BERLIN: AMO)
Basic Shares 138.2 million
Fully Diluted 168 million

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Well, it's finally here much to the relief of everyone. The first of 5 drill permits arrived at Anglo's office in the last 48 hours meaning that drilling can start immediately on the company's Gold Hill portion of its Nelson Mining Camp.

Government bureaucracy has caused shareholders much grief over the last couple of months as the B.C. Government was extremely slow and quite behind in issuing the permits. As hard as this delay was on shareholders, management of Anglo have been extremely frustrated as the delay has cost the company substantial time and money.

Approximately 5,000 metres of drilling will take place in phase 1. The first permit allows for 1,050 metres of drilling on the Gold Hill property. Gold Hill was recently identified from an airborne survey and has a strike length of over 4 kilometres.

While Anglo is waiting for the remaining 4 permits, each covering new areas where anomalies have been identified, it will continue surface work and mapping to further refine the other drill targets planned to start this summer.

It's our understanding that the next permit is expected in the latter part of July to be followed by the others in early to mid-August.

See full news release here.......

Carfinco Bank-rolled For Growth

Carfinco Income Fund (TSX: CFN.UN)
Units issued: 23.9 million
Units fully diluted: 24 million
Current monthly distribution: $0.02
Q1/2010 special distribution: $0.04
Q2/2010 special distribution: $0.10
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Carfinco has clear momentum and in order to achieve the fund's planned 20% annual growth over the next two years, it needed to increase its credit facility. The banking syndicate that includes Bank of Montreal, Wells Fargo, and Bank of America have increased the credit facility to $105 million from $85 million.

Fred Westra, analyst at Industrial Alliance summed up what this means for the fund and its investors. Highlights of his updated report released today are below.

Current price: $4.40 Target price: $6.00 Rating: TOP PICK
Analyst: Fred Westra Frederik.westra@iagto.ca (514) 499-7371

$20m of Additional Growth Capital Through Credit Facility Increase

EVENT
CFN announced yesterday after the market closed that they had successfully renegotiated an increase in their credit facility with their lending syndicate. The announcement removes uncertainty as to CFN’s access to low-cost growth capital over the coming few years.

HIGHLIGHTS
- Credit Facility Increase to $105m from $85m
- Rate Remains at prime + 1.75%
- Term Extended from 2 to 3 Years
- Leverage Ratio Reduced to 3.5:1 from 3.75:1

The increase was prorated across syndicate members and is large enough to support CFN’s 20% annual receivables growth targets for the next two years at least. While the facility term is for 3 years, we are confident that CFN could return to the syndicate before then should they require a further increase. The term extension was available without a step-up in the cost of funds so Management opted for the longer term. While a larger increase might have been possible, the standby carry costs become greater for no reason.

The reduced leverage ratio of 3.5:1 is in line with most other lenders with receivables books over $100m. Moreover, CFN has typically always operated with a ratio below this and Management models to target below this level so we do not see this as an impediment to CFN’s growth, but rather just stricter controls and therefore reduced risk to shareholders.

IMPACT - POSITIVE
With the facility now renegotiated, CFN has no secured access to low-cost capital for the foreseeable future and thus any related investor uncertainty should now be removed from stock performance.

RECOMMENDATION
Loan loss performance and operating efficiencies have positive momentum with nothing significantly negative coming down the pipeline on the loss side. We continue to maintain 2010 receivables growth below Management’s 20% target to be conservative. With very strong reserves, capital capacity to grow and excellent opportunities, we think CFN is significantly undervalued. Our $6.00 target is based on 14x 2010E tax-adjusted EPU of $0.42, representing 45.0% potential total return. Our TOP PICK recommendation is maintained.

Yesterday's news release available here.................

Byron Capital Says Smartcool Is A Buy

Smartcool Systems Inc.
(SSC: TSX-V)
Basic Shares 46.8 million
Fully Diluted 54.7 million
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Last fall, Toronto based Byron Capital Markets began looking at Smartcool, which ultimately lead to a couple of meetings with management. Those sessions and additional research by Byron have now lead to the company publishing an analyst report on Smartcool Systems.

Not only has Byron Capital taken an interest in Smartcool but the report written by analyst Al P. Nagaraj has given Smartcool a Speculative Buy rating with a target price of $0.64.

We expect to have access to the report in the next few days and at that time will issue a detailed commentary on Mr. Nagaraj's opinions.

Gulfstream Gives IWG Thumbs Up Four Times Running

International Water-Guard (TSX-V: IWG)
Basic Shares: 39.3 million
Fully Diluted: 46.5 million

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International Water Guard is obviously doing excellent work given its June 15th announcement that for the fourth year in a row, Gulfstream Aerospace Corporation has awarded IWG the "Supplier Of The Year" title.

"This truly is a remarkable achievement for the entire IWG team," said David Fox, IWG's president and CEO. "It demonstrates our consistent performance as a trusted supplier to the aerospace industry in general, and our partner Gulfstream in particular," Mr. Fox added.

Gulfstream, a wholly-owned subsidiary of General Dynamics (NYSE: GD), has produced about 1,800 aircraft for international customers since 1958. IWG has its high-tech, water treatment and storage technology on board Gulfstream's premier corporate jet, the G650. This is the largest, fastest corporate jet in the world.

Gulfstream employs more than 9,000 people at seven major locations and to see photos of its many types of aircraft go to: http://www.gulfstream.com/.

To view the full news release on IWG's award, please click here.

AeroMechanical Grabs New Analyst Attention

AeroMechanical Services Ltd.
(TSX:V-AMA)
Basic Shares: 103.6 million
Fully Diluted: 115.4 million

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Byron Capital Markets very recently published its first analyst report on AeroMechanical (AMA), setting a target price of $0.95, a level 2.5 times greater than the current price of $0.38 cents.

Mr. Nagaraj based his target price on a revenue estimate for this year of $12 million dollars, well ahead of last year's revenue of $5.1 million dollars. He's looking for revenues to jump to $24 million in 2011 with net income of $4.8 million or $0.04 EPS.

"AMA has unique products and a business model that has been refined over the years," Mr. Nagaraj stated in his 15-page report.

"With its partnerships, compelling product ofering and a recurring revenue model, AMA is poised to grow both top line and bottom line for a number of years," he added, concluding that he expects AMA to generate $60 million dollars in revenue within the next five years.

According to Byron Capital's website, Mr. Nagaraj holds both a Masters degree in Computer Science (1995, Dalhousie) and an MBA (2001, Rotman School of Management , University of Toronto).

Given AMA's technology of monitoring and broadcasting back to earth an aircraft's functions and operations it is interesting to note that Mr. Nagaraj holds multiple patents in the areas of broad band switching and telecommunications messaging systems.

Toronto-based Byron Capital Markets focuses on small and mid-cap market companies in several market segments, with increasing emphasis on special situation companies like AMA, alternative energy and rare earth and other non conventional mining and exploration.

To learn more about Byron Capital Markets, please click here.

Canaco CEO Joins Silvore Fox Board

Silvore Fox Minerals

SFX - TSXV

Shares Outstanding – 110.52 Million

Fully Diluted – 153.15 Million

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Today Silvore Fox Minerals announced the addition of Andrew Lee Smith, C.Sc., P.Geo., to the company’s board of directors. His background is extensive, with over 20 years of experience in exploring, developing and operating North American base and precious metal mining and gem projects.

He is currently the CEO of Canaco Resource Inc. (CAN: TSX.V), a gold exploration company with projects in Tanzania and throughout Africa. Canaco shares were trading at $0.08 back in September 2009. Today shares are trading at $0.78 and the company has a market cap of approximately $91 million. The share price increase can be attributed to very strong results from the company’s drill program.

Of note, Silvore Fox’s chairman of the board, Dr. Jingbin Wang is also Canaco’s chairman.

To read the full release, please click here.

Saving Down Under With Smartcool

Smartcool Systems Inc.
(SSC: TSX-V)
Basic Shares 44.3 million
Fully Diluted 50.7 million
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Smartcool is a Canadian company with a growing and substantial global presence. We have taken the opportunity to interview Chris Rogerson, CEO of Smartcool Systems Australia to get perspective of his market which includes New Zealand and Australia.

Chris has been with Smartcool since it went public in 2004 and going back to 1998, worked in Australia with Tony Murphy, the original inventor of the product.

The interview with Chris should help investors understand the true reach and potential that Smartcool has in the global market.

Hear the interview by clicking on the link above.

Carfinco Pleased To Share Success

Carfinco Income Fund (TSX: CFN.UN)
Units issued: 23.9 million
Units fully diluted: 24 million
Current monthly distribution: $0.02
Q1/2010 special distribution: $0.04
Q2/2010 special distribution: $0.10


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Tracy Graf, the CEO of Carfinco summed up yet another milestone in the fund's history with an announcement after the close of trading yesterday:

"The financial performance of the Fund during the first half of 2010 has met our expectations and we are pleased to pass this success on to our Unitholders in the form of cash distributions." This is almost an understatement as Carfinco has been on turbo drive since last summer.

Carfinco announced a special distribution for June of $0.10 plus its monthly distribution of $0.02 for a total of $0.12 being issued to Unitholders in June. The total for Q2 will be $0.16/unit.

The fund in the first half of 2010 will have distributed $0.255. Based on units that were trading around $4.25 at the time of this writing and annualizing 2010 first half distributions, the yield for unit holders is 12%.

See full news release here........................

Cobalt’s West Virginia Mine Delivers First Cuts of Coal

Cobalt Coal Corp. (TSX:V CBT)
Basic Shares: 50.4 million
Fully Diluted: 57.6 million

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Cobalt Coal announced today that it has delivered the first shipment of metallurgical coal from the company’s Westchester mine to its buyer. Images of production can be viewed by clicking the image below.

Cobalt Coal (CBT.V) Begins Production at Westchester mine

The buyer, Alpha Natural Resources (ANR-NTSE) has committed to purchase a minimum of 8,000 tons of coal from Cobalt per month. In the release Dave Lewis, Cobalt president & CEO expresses, “we believe we should be able to achieve production of 10,000-12,000 tons per month, per mine, at the Westchester mining complex on a single shift.” The price in which Alpha is purchasing the coal has not been publically disclosed.

To view the full release, please click here

Pure Nickel - The Drills Are Turning At MAN Alaska

Pure Nickel
(TSX: NIC)(OTCBB: PNCKF)
Basic Shares: 67.8 million
Fully Diluted: 75.5

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After an enormous amount of preparation and analysis, it's now up to science, Mother nature and a sprinkling of luck that will determine how this season will be assessed with the drills now turning at Pure Nickel's most ambitious project, MAN, Alaska. Today's announcement that up to 8 thousand metres will be drilled over the next several months sets the stage for what hopefully will be attention grabbing assay results later this fall. Two rigs will be working on the big targets; the Alpha and Beta complexes.

Pure Nickel's project partner ITOCHU upped this year's spending at MAN to US$7.5 million from US$4 million based on an encouraging 2009 drill season.

Drilling should wind up in mid to late September.

MAN has grabbed the majority of attention but Pure Nickel has many other properties in its arsenal. The gold bug that is gripping global markets is not lost on Pure Nickel as it will be directing some spending to its Rainbow claims in Nunavut. New claims have been added bringing the company's holdings there to 200 square kilometres.

Past drilling had proven up over 13 grams of gold per tonne from a hole that was originally being drilled for nickel mineralization. Grab samples taken from Rainbow have assayed 26.5 grams per tonne of gold and the company now believes this recently expanded property is worth a much closer look.

Plans for further exploration will be announced in the near future.

See full news release here...................................