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Article Excerpt
M2 PRESSWIRE-30 March 2007-Stockguru.com: Morning Updates for Friday, March 30, 2007 Featuring General Metals, KAL Energy, and ZAP(C)1994-2007 M2 COMMUNICATIONS LTD
RDATE:30032007
Dallas, Texas - StockGuru Pre-Market Updates for Friday include General Metals Corporation (OTCBB: GNLM), KAL Energy Inc. (OTCBB: KALG), and ZAP (OTCBB: ZAAP). 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.
General Metals Corporation (OTCBB: GNLM) - Thursday's shares closed down 2.86% to $0.17. 140,533 shares were traded. General Metals Corporation announced on March 28th that discussions with potential equity funding groups for Phase 1 financing has commenced, although no definitive terms have been agreed to at this time. The Company is working towards completion of Phase 1, up to $2,000,000, by April 30, 2007, our year end. The proceeds will be used to drill the Independence surface and shallow target and the North surface target, which collectively are estimated to contain 235,000 ounces of gold and 2,500,000 ounces of silver. Some of the proceeds will be used to continue the permitting process for the proposed cyanide heap leach program designed to process the above gold and silver from an open pit operation.
General Metals Corporation is a junior mineral resource exploration company engaged in the acquisition, mining and exploration of gold, silver and other precious metal properties. It controls 100% of the Wilson-Independence mine, which sits as an island in Newmont...
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