Home | Business News | Browse by Publication | M | M2 Presswire

StockGuru Break-Out Stocks for Thursday, June 1, 2006 - Response Biomedical Corporation Just Announced its Financial Results for the First Quarter and Imperial Petroleum Signs Agreement to Expand its Biodiesel Operations.

Article Excerpt
M2 PRESSWIRE-1 June 2006-Stockguru.com: StockGuru Break-Out Stocks for Thursday, June 1, 2006 - Response Biomedical Corporation Just Announced its Financial Results for the First Quarter and Imperial Petroleum Signs Agreement to Expand its Biodiesel Operations(C)1994-2006 M2 COMMUNICATIONS LTD

RDATE:01062006

Dallas, Texas - StockGuru Pre-Market Updates for Thursday include Imperial Petroleum, Inc. (OTCBB: IPTM), Response Biomedical Corp. (OTCBB: RPBIF), and Advanced Viral Research Corporation (OTCBB: ADVR). StockGuru Pre-Market Updates feature companies with significant moves in either volume or price in the past two trading sessions. In our update we analyze recent news about the companies featured and detail the movement in the stock. If you would like to feature your publicly traded company in our alerts or on StockGuru.com, email feature@stockguru.com or call (469)252-3031.

Imperial Petroleum, Inc. (OTCBB: IPTM) - Wednesday's shares stayed even at $0.195. The volume was 342,325. Imperial Petroleum announced on May 31st that it signed an engagement agreement with a full service investment financial group providing a broad range of securities related services for raising $12 million through a private placement of a Convertible Debenture. The general terms of the Debenture include a conversion price at a 20% discount to the market with a floor price of $0.40 per share (prior to giving effect to a proposed four for one reverse split of the Company's common stock that is subject to shareholder approval) and an 9% coupon rate until converted, among other provisions. The funds will be used to (1.) retire the Company's remaining debt after the proposed sale and re-structuring of its current debt facility as previously announced; (2.) provide development...