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Article Excerpt
M2 PRESSWIRE-27 February 2009-Stockguru.com: Stocks to Watch for February 27, 2009 - MNEAF, SRFDF, BTIM, OTGO, and AGXM(C)1994-2009 M2 COMMUNICATIONS LTD
RDATE:27022009
Our Stocks to Watch today include : Minera Andes Inc. (OTCBB: MNEAF), Starfield Resources Inc. (OTCBB: SRFDF), BioTime, Inc. (OTCBB: BTIM), Organic To Go Food Corporation (OTCBB: OTGO), and Argentex Mining Corporation (OTCBB: AGXM)
Visit: http://www.stockguru.com/joinfree.html to register for our daily Stocks to Watch and Trade Alerts.
Minera Andes Inc. (OTCBB: MNEAF) Shares traded up 1.48% at $0.548
Minera Andes is a gold, silver and copper exploration company working in Argentina, where the Corporation holds approximately 304,000 acres of mineral exploration land. Minera Andes holds a 49% interest in the San Jose Project, an operating gold and silver mine. Minera Andes is also exploring the Los Azules copper project in San Juan province, where an exploration program has defined a resource and a preliminary assessment has been completed. Other exploration properties, primarily silver and gold, are being evaluated in southern Argentina. Following the closing of the Second Tranche, the Corporation has 230,158,851 common shares issued and outstanding.
MNEAF News Yesterday, Minera Andes completed the second tranche of its previously announced private placement to Robert R. McEwen, the Executive Chairman and an existing shareholder of the Corporation. Accordingly, the Corporation has today issued 21,700,030 common shares at a price of C$1.00 each for gross proceeds to the Corporation of C$21,700,030 (the "Second Tranche"). The proceeds from the Second Tranche will be used to repay in full the Company's US$17.5 million indebtedness to Macquarie Bank Limited. With the completion of the Second Tranche, the Corporation understands that Mr. McEwen now beneficially owns 86,057,143 common shares of the Corporation and...
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