Fundraising In At $6.9 Million

AeroMechanical Services Ltd. (TSX:V-AMA)
Basic Shares: 118.58 million
Fully Diluted: 134.33 million

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AeroMechanical executives have $6.9 million more reasons to be confident about the coming years after announcing the closing of the recently announced financing that was almost evenly split between a convertible debenture and a share offering.

AMA stated it will use the net funds to complete the next generation blue box, the afirs 228, which is scheduled for completion by the first quarter of 2011 and for working capital and business development objectives.

This financing started out with a goal of $6 million and was raised to a target of $8 million, before settling at nearly $7 million in realized funds.

In and of itself, that could be read as a testament to the faith investors have in AMA's future because all of this was done against a backdrop of shaky small cap markets and the aviation industry's continuing reluctance to open its coffers after the shock of the Great Recession in late '08 and '09.

To read full details, please click here.

Argonaut Grabs 27.96 g/t Gold on its High Gold Property

Argonaut Exploration

AGA - TSX.V

Shares Outstanding - 25.2 Million

Fully Diluted - 35.9 Million

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Some grab samples from Argonaut Exploration's program are “eye grabbing”. Surface work conducted this year at the company’s High Gold Property in British Columbia turned up gold & silver values, and in some cases point to points of interest on the property.

Here are highlights of the sampling that program.

Argonaut also announced the third set of drill results from its targeted drill program on the molybdenum/copper porphyry also located on its High Gold property.

Here are the results.

These drill results are helping management define the size and potential value of the porphyry system on the company’s High Gold property, which is located 60 km northeast of Terrace, British Columbia. The lengths of the mineralized intersections and the area that this year’s drill program has covered, is giving management confidence that the molybdenum/copper porphyry system is quite sizable.

To view the full news release, please click here.

Buchans Winds Up Successful Drilling at Buchans North

Buchans Minerals Corporation (TSXV:BMC) Basic Shares 124.6 million
Fully Diluted 140.5 million

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It could be termed, "mission accomplished" with news from Buchans Minerals that it has completed the 2010 drill program at its 100% owned high-grade massive sulphide prospect, Buchans North.

The 2010 drilling program was designed to extend the known mineralization and potential deposit. 5 holes and 2,100 metres were drilled.

From H-3421 came grades of 7.32% zinc, 3.93% lead, 0.40% copper, 75 grams per tonne (g/t) of silver and 1.75 g/t of gold as announced on November 17th.

There were 4 additional holes drilled this year and each intersected mineralization indicating that a massive sulphide deposit is close.

Buchans' management plans to continue drilling at Buchans North in 2011 to explore for additional high-grade massive sulphide deposits.

Buchans North sits only 500 metres from the former Buchans Oriental mine where past operator Asarco mined 3.3 million tonnes of high grade ore until 1983.

Further details and a map of the drill program are available by clicking here.....

Santa Delivers Gold Through Pure Nickel's Tower Property

Pure Nickel
(TSX: NIC)(OTCBB: PNCKF)
Basic Shares: 67.8 million
Fully Diluted: 75.5
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Pure Nickel and its option partner, Rockcliff Resources (TSX-V:RCR) have announced that drilling at Pure Nickel's Tower Property in central Manitoba has been completed. The final drilling continued to hit high grade copper-gold mineralization and found a new high-grade gold vein. Rockcliff can earn up to a 70% interest in this property.

Following up from holes 1 and 2 released November 10th and holes 3-5 on November 26th, hole 6 released today continued intersecting multiple zones of sulphides containing significant grades of both copper and gold. A new gold vein was also discovered in hole 6 and it intersected grades of 27.4 grams per tonne (g/t) of gold, 31.4 g/t of silver, 1.3% copper and 0.86% zinc.

The target the companies are collectively after is known as the Tower Copper-Gold Zone, a multi-zoned system rich in copper, gold, zinc and silver. This is an extensive sheet of sulphides with a minimum strike length of 700m and a minimum vertical depth of 700m and remains open in all directions.

Rockcliff President Ken Laprierre stated "Our first drill program at Tower has intersected consistent high grade copper-gold mineralization of the Tower Zone and has now discovered additional mineralization in the form of a high grade gold-copper vein. The discovery of additional metal-rich zones confirms our belief that the Tower Property has significant upside potential to host multiple extensive zones of sulphides containing significant grades in both copper and gold. We will continue our efforts in the NewYear at Tower where a major drill program is planned."

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

VentriPoint Announces $3 Million Private Placement

VentriPoint Diagnostics Ltd.
VPT - TSX Venture
Shares issued: 68.8 million
Fully diluted: 83.7 million

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It was announced this morning that VentriPoint Diagnostics is using Bloom Burton & Co. to raise up to $3 million.

The unit offering consists of one common share set at $0.17 and one half of one common share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share at $0.25 for a period of 36 months.

Proceeds of the private placement will be used for the following: (i) expenditures with respect to product and service commercialization of the VentriPoint Medical System ("VMS"); (ii) expansion of VMS functionality, including applications for additional diagnoses and heart diseases; and (iii) for working capital.

If you would like to know more about this placement, please click here to send us your contact information and we will forward the request to the appropriate member of VentriPoint management.

To view the news release, please click here

The Latest in a Long Trail of Court and Other Actions

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

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Star Navigation Systems Group (Star) pushed its latest court duel with AeroMechanical Services (AMA) into the spotlight recently only to find the court pull the plug.

Just to remind readers, the latest litigation began when Star's former president, Hilary Vieira sued Star. Star counter sued and added AMA as a defendant. AMA then sued Star and Star's Chairman & CEO, Viraf Kapadia, plus Star insider, Peter Verbeek, for $20 million.

The case has been slowly winding its way through the litigation process in the Ontario Superior Court of Justice in Brampton, Ontario.

It got bogged down when the key executives of both AMA and Star were in what is called examination for discovery - where Star lawyers get to grill AMA executives behind closed doors and AMA lawyers grill Star executives, all in preparation for a trial.

The first public report on this came from Star in a Dec. 10th news release wherein Star wrote that it would seek a court motion forcing AMA Chairman & CEO Bill Tempany to answer questions he had refused to answer. In addition, Star wrote that it would also ask the court to force Mr. Tempany to cover his own expenses while providing those answers.

Star appeared to be taking a very aggressive stance before it added that AMA was seeking a similar court motion to force Mr. Kapadia to answer questions he had previously refused to answer.

And here is how it all looked when it came out of the courtroom door.

The various motions were heard by Justice Andrew Goodman on Dec. 13th and AMA's lawyer reported that in response to its motion against Star, Star answered or has agreed to answer all outstanding questions.

Justice Andrew Goodman gave Star until March 14th to do just that.

On the other hand, the court dismissed Star's motion to force Mr. Tempany to answer outstanding questions, according to AMA's lawyer.

In addition, Justice Goodman then ordered Star to pay $9,000 to AMA to cover AMA's costs of this proceeding.

And a new trial date of April 29th, 2011 was set.

Looking further back in history, Star also filed a challenge to AMA's patent. The U. S. patent office rejected that challenge in March, 2009.

About the same time, Star also filed a patent infringement lawsuit against AMA in the United States, which Star itself abandoned.

AMA's Previous Financing Rises & Changes

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


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There’s been a modification to the potential benefit of AMA’s bank account with today’s announcement that a higher fundraising target was set - up to $8 million - rather than $6 million as announced on December 6th.

In addition, the efforts will be split between a convertible debenture and a private placement as opposed to the previous plan that called for the entire amount to be in convertible debentures.

Now, Raymond James will make its best efforts to raise one half of the $8 million target through a private placement of $4 million while it and Byron Securities Limited continue on the same basis to raise the remaining $4 million through the previously announced debenture route.

The only other change is the deadline for all of the above was pushed up one day to Dec. 22nd.

The private placement portion calls for the issuance of 16 million units, each of which sells for $0.25 plus a warrant that allows for the purchase of one AMA share at $0.40 anytime over the next three years.

The net proceeds will be used to complete development of AMA’s next generation blue box called the afirs 228 and for working capital.

To read the full news release, please click here.

IWG Sales UP With Revenues Down

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

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The law of paradox where reality is the opposite of how it appears is alive and well in International Water Guard's year end report released Friday.

Here's the conundrum.
IWG reported a 12% decrease in revenue to $4.38 million for the fiscal year ending Sept. 30th, 2010, down from $4.95 million in the previous year.

But it also showed a 7% increase in sales - to a corporate jet market that was still writhing on the ground from the financial blows it suffered in the Great Recession of '08 & '09. One of the huge factors at play in this conundrum was the declining value of the U.S. dollar.

On average, it went down around 13% for the 12 months up to Sept. 30th, 2010 compared to the same period in the previous year. IWG builds its sophisticated aircraft water handling and treatment technologies in Canada but sells to the international market in U.S. dollars.

What the U.S. dollar does in the future is anyone's guess but most respected groups are calling for a marked recovery in the corporate jet market by the middle of next year.

In the meantime, IWG finished its year end with modest profits and its bank vault still stuffed with $1 million in cash.

It also spent much of its fiscal year hunting for a good use for that cash - a takeover target. That hunt continues.

To read IWG's news release on its year end, please click here.

Argonaut Exploration Looks to Raise $1,000,000

Argonaut Exploration
AGA - TSX.V
Shares Outstanding - 25.2 Million
Fully Diluted - 35.9 Million

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Late yesterday, Argonaut Exploration announced it intends to raise 5 million Flow-Through Units at a price of $0.20 per Flow-Through Unit. Each Flow-Through Unit will consist of one common share on a tax “flow-through” basis and one non “flow-through” common share purchase warrant.

The warrants are set for two years. If exercised in the first 12 months they are priced at $0.30. If exercised in the last 12 months they are priced at $0.35.

Mineral Fields Group has acknowledged an interest in $400 thousand of the offering.

Proceeds of the private placement will be used for exploration activity throughout 2010 and 2011, general corporate purposes and to increase the Corporation's working capital.

If you would like to know more about this placement, please click here to send us your contact information and we will forward the request to the appropriate member of Argonaut management.

To view the full release, please click here

Could a key moment be on the horizon for VentriPoint Diagnostics?

VentriPoint Diagnostics Ltd.
VPT - TSX Venture
Shares issued: 68.8 million
Fully diluted: 83.7 million
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The company announced today (December 8) its technology will be the subject of a key address at EUROECHO 2010, the annual European Society of Cardiology Congress, which is expected to draw over three thousand participants.

Dr. Luc Mertens, Echocardiography Cardiology Section Head at The Hospital for Sick Children (SickKids) in Toronto, will be presenting a medical paper he composed called, “What do we use now to assess RV (Right Ventricle) function in clinical practice?”

His presentation will include a comparison between VentriPoint’s VMS system and the leading 3D echo device and the gold-standard MRI procedure. VentriPoint currently has a research based relationship with the world renowned SickKids hospital.

We hope to be in a position to provide additional comment on Dr. Merten’s address after it is delivered to the Congress.

Dr. Luc Mertens – Brief Biography

Dr. Mertens graduated from medical school at the University of Leuven in Belgium in 1992. Afterwards, he was a researcher for the Belgian Fund for Scientific Research performing molecular biology research at the Laboratory of Physiology in the University of Leuven, Belgium. This resulted in a PhD thesis on the regulation of expression of the SERCA2 gene in muscle in 1995. Dr. Mertens specialized in paediatrics and paediatric cardiology at the University Hospitals Leuven, Belgium, and spent one year as a research fellow in the Mayo Clinic in Rochester, MN. In 1999 he became a consultant paediatric cardiologist at the University of Leuven where he worked until 2008. There, he developed his clinical research in the field of paediatric echocardiography with research focused on new echocardiographic techniques to assess cardiac function in children. He became one of the leaders in the field of paediatric echocardiography in Europe, and was active as Secretary of Imaging Working Groups of the Association for European Paediatric Cardiology (AEPC), Board Member of the European Association for Echocardiography, and Council member of the AEPC. He was involved in developing teaching and accreditation in paediatric echocardiography in Europe.

To view the news release, please click here

Carfinco - Simply Incredible!

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
Q3/2010 special distribution: $0.10

Q4/2010 special distribution: $0.31
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This afternoon ( December 7th), management announced the Fund's special quarterly & year end distribution and boy was it special.

In addition to the regular $0.02/unit monthly cash distribution, there will be an additional $0.12/unit cash distribution AND an additional unit distribution valued at $0.19. The cash and unit distributions have a payable date of December 31. Happy New Year!

The number of additional units that will be distributed will be based on the average closing price of the ten trading days preceeding the record date of December 20th.

As such, the total special distribution for the quarter will be $0.12 (cash) + $0.19 (unit) = $0.31/unit.

This brings total 2010 cash and unit distributions to $0.785/unit of which $0.595 was cash.

Carfinco's management has nicely adopted the role of old Saint Nick and is certainly making all the boys and girls very happy this holiday season.

Of note, President & CEO Tracy Graf commented in the news release that the goal for 2011 is a 20% growth rate in finance receivables.

Click here to read the news release.

Neptune's Acasti Well Financed For The Future

Neptune Technologies & Bioressources
NTB - TSX V) (NEPT - NASDAQ)
Basic Shares: 40.2 million
Fully diluted: 43.1 million

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$4.6 million.

Not a bad raise from the exercise of warrants and call options for a company that isn't even trading. That was the story for Acasti Pharma Inc., a 60%-owned subsidiary of Neptune Technologies.

Neptune announced December 6th that with the exercise of these $0.40 warrants, in which Neptune management heavily participated, Acasti is well financed.

On insider participation, Neptune exercised 2,000,000 Series III Acasti Warrants at a price of $0.40 per warrant representing total proceeds of $800,000 for Acasti, according to a Nov. 11th news release. Board members and officers also confirmed their intention to exercise a minimum of 189,577 Series II Acasti Warrants at a price of $0.40 per warrant. In addition, a company controlled by an officer of Neptune made arrangements to have 481,750 Series II Acasti Warrants exercised. The above exercises of warrants will thus result in the issuance of a minimum of 671,327 Acasti shares representing additional proceeds of $268,531.

Neptune management has publicly stated that its priority is to complete a listing for Acasti on the TSX Venture as soon as possible. In addition, management has its fingers crossed that this can be achieved in conjunction with the launch of Phase II Canadian clinical trials for CaPre.

It is still awaiting final application approval from Canadian regulators.

To view the entire news release, please click here.

AeroMechanical Beefing Up Its Bank Account

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

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AeroMechanical pulled the trigger on a $6 million private placement of convertible secured debentures that will allow it to complete development of the next generational blue box, called the afirs 228.

It also intends, it announced Dec. 6th, to salt funds away for working capital and other business developments.

The syndicate of agents will be led by Raymond James, with the help of Byron Securities Limited. Details of the “best efforts” financial instrument are that the debentures will mature in four years and carry an 8% per year interest rate.

The debentures can also be converted into common shares prior to maturity at $0.40 per share.

Also, each $1 dollar paid for a debenture entitles the buyer to 1.25 common share purchase warrants that are exercisable to a period of four years at $0.75.

The offering is expected to close December 21st. There are other provisions in the debenture that can be read here in the press release.

Former Airline Analyst Joins AeroMechanical Board

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

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Jacques Kavafian, the man who used to analyze the aviation industry with Research Capital before quitting to start his own charter airline, is now sitting on AeroMechanical's board.

Mr. Kavafian covered the industry for nearly 30 years. He was the first analyst to write on AMA. He watched AeroMechanical's share price surge from pennies to over $1 and back to under $0.30.

But he has always believed AeroMechanical was a company of great promise and now instead of looking from the outside in, he'll have the opposite view.

To view the full news release, please click here.

Mr. Kavafian has a host of contacts around the world and he has an obvious talent to bring opposing forces together. In setting up his own airline, he brought two warring rivals from Air Canada and WestJet to the peace table and won them over to serve as senior executives in his start up.

He will bring an interesting perspective to the AMA board.

Silvore Fox Announces Exercise of Remaining Sino Mineral Warrants

Silvore Fox Minerals
SFX - TSXV
Shares Outstanding – 139.67 Million
Fully Diluted – 154.05 Million

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In November 2009, Sino Minerals (China Nonferrous Metals Exploration Corp.) agreed to invest in Silvore Fox through a non-brokered private placement; SFX’s share price was $0.04. This initial investment of $1.35 million was priced at $0.04 and the warrants were set at $0.10.

Today, one year later, Silvore Fox announced that Sino Minerals exercised the last of its warrants from this deal. Sino Minerals pumped another $1.125 million into Silvore Fox’s coffers.

Not a bad investment considering today the share price for SFX is $0.125.

Now the question is, what will Silvore Fox use this money for - Acquisitions and/or further exploration of its 100% owned Coxheath property? Management has publicly stated that the company along with its new strategic partner Beijing Donia Resources is currently evaluating properties in Chile, Mexico, Peru, Ontario and British Columbia.

About Sino Minerals Corporation

Sino Minerals Corporation is a Canadian corporation majority-owned by Chinese shareholders, including Beijing Donia Resources Co. (Donia), a Chinese state controlled entity whose mandate includes exploring for base & precious metal resources Worldwide. On November 17, 2010 Silvore Fox Minerals signed a strategic agreement with Beijing Donia Resources, click here to view that announcement.

To view today’s news release, please click here.