daytrading april 8 pre-market, page-3

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APRIL 5 Feeds:

Peak Resources (ASX: PEK) managing director Richard Beazley has resigned from the company and will also cease to serves as a director of its subsidiaries.
Technical director David Hammond will assume the technical functions previously performed by Beazley while chairman Alastair Hunter will now act as the executive chairman.

Synergy Metals (ASX: SML) has received orders from the Supreme Court of Victoria to allow the company to call a meeting of shareholders to consider its proposed relocation to Bermuda by way of a share scheme of arrangement.
Under the scheme of arrangement, wholly owned subsidiary SML Corporation will become the new holding company of Synergy and will list on the ASX.
Synergy has also proposed a scheme of arrangement for the holders of options.

Finders Resources (ASX:FND) has progressed its two projects in Indonesia, completing boundary survey at Wetar copper project and securing extension of exploration permit at Ojolali gold-silver project.
The Maluku Provincial Forestry Department has completed its final boundary and inventory surveys on Wetar Island. The remaining work and documentation to satisfy the conditions of the In-principal licence are likely to be completed by end of this month, paving the way for the Forestry Department to process the Borrow and Use permit.

Sipa Resources (ASX: SRI) has now completed the share placement announced last month, raising a slightly increased amount of $1.98 million.
The placement comprised around 26.4 million shares at $0.15, with the funds to be allocated to exploration at the company's wholly-owned Thaduna copper project in the Gascoyne Region of Western Australia.

Torian Resources (ASX: TNR) has finalised an agreement to sell its remaining tin exploration licence in New South Wales, to focus on its operations in Africa.
Under the agreement, should its subsidiary NSW Tin Pty Limited or its assets including EL 6986 form part of a future IPO or sale to a listed company, Torian will receive $150,000 in shares in such company.

Empire Oil and Gas (ASX: EGO) and its partners in the EP389 Joint Venture have received their third and final payment of A$5 million from Alcoa (NYSE: AA) for construction of the Red Gully Gas and Condensate Processing Facility.
This follows the satisfaction of the Third Prepayment Condition under the Gas Supply Agreement.

Terramin Australia (ASX: TZN) has been granted a trading halt today by the ASX, with its shares placed in pre-open, pending an announcement on exploration results.
In March the company kicked off an underground diamond drilling program consisting of ten holes at the Angas Zinc Mine, which is located in South Australia.

Brockman Mining (ASX:BCK, SEHK:159) has completed the first phase of its Alliance study with Aurizon Operations and Atlas Iron (ASX:AGO) to evaluate a new, independent, multi-party railway to connect iron ore mines in East Pilbara to Port Hedland in Western Australia.
The study conclusions demonstrate the merits of a new, standard-gauge railway in the East Pilbara, connected to dedicated port facilities at Port Hedland that aggregates production from a number of operating and prospective miners, including Brockman and Atlas.

Musgrave Minerals (ASX: MGV) is in pre-open this morning following the ASX granting a trading halt, as the company prepares to announce drilling results.
Last month Musgrave commenced a vacuum drilling program over new versatile time-domain electromagnetic (VTEM) and geochemical targets at its Deering Hills project in the Musgrave Province in far north South Australia.

Mongolian Resources (ASX: MRF) is preparing to announce a potential acquisition, with the ASX granting the company a trading halt this morning - with its shares placed in pre-open.
The company recently raised $2.5 million, which is to be allocated to defining JORC

Phosphagenics (ASX: POH, OTCQX: PPGNY) has received ethics approval to conduct a further trial of its oxycodone TPM® transdermal patch at Royal Adelaide Hospital.
TPM® (Targeted Penetration Matrix) is a system used to deliver proven pharmaceutical and nutraceutical products to patients to relieve chronic pain.
The trial, which will be undertaken in the hospital’s independent CMAX facility, is designed to assess the profile of the new patch.

Golden Gate Petroleum (ASX:GGP) has successfully completed the sale of its 10% working interest in the Cutlass project and secured key lease extensions at its Permian project in Texas.
The sale of its interest in the Cutlass project has earned Golden Gate US$1.7 million.

Charter Pacific (ASX: CHF) is currently conducting an exploration program at the Kaoua El Khadra Permit (Permit 792) iron ore project in Mauritania.
The program comprised reverse circulation drilling and trenching, and with the trenching proceeding ahead of schedule and budget, Charter Pacific has now decided to expanded exploration to include a further five trenching sites.

Sun Resources (ASX: SUR) has delivered higher fluid flow rates from its Ellis-1H horizontal oil production well at the Richland Oil Project in Texas following installation of a high performance jet pump.
Notably, both oil and total fluid rates have increased to the point where the capacity of the surface facilities now needs to be enlarged.

Echo Resources (ASX: EAR) has multiple zones of high grade gold mineralisation at its Julius Gold Discovery in the Yandal Province, Western Australia.
Peak intercepts from the reverse circulation drilling carried out in January include 1 metre at 58.7 grams per tonne gold from 43 metres and 1 metre at 34.1g/t gold from 52 metres.

Horseshoe Metals (ASX: HOR) expects to next week start diamond drilling at its Horseshoe Lights copper-gold project in Western Australia’s Peak Hill Mineral Field.
These diamond drill holes will be the first ones drilled under the Main Zone since mining operations were suspended in 1994 and are targeted at:
- Testing for high grade copper-gold zones, potentially located down dip of the Main Zone, of sufficient grade to potentially support underground mining; and
- Testing exploration targets outside of the immediate pit area which have not been adequately tested by previous exploration efforts.

Centaurus Metals (ASX: CTM) has cleared the final regulatory hurdle to begin development of its Jambreiro Iron Ore Project in southeast Brazil after securing the key installation licence.
The company received the licence ahead of schedule and can now begin onsite construction at the project.

Austin Exploration (ASX: AKK) is preparing to launch a capital raising initiative and has placed its shares into an ASX trading halt.
The halt will last until the earlier of an announcement in relation to a capital placement and share purchase plan or the start of trading on Tuesday, 9 April 2013.

World Oil Resources (ASX: WLR) has been advised by potential bidder Holdrey Pty Ltd that a formal takeover offer would be made by no later than 11 April 2013.
Holdrey, the trustee for the Don Mathieson Family Trust, had in February proposed to make a conditional, off-market cash takeover offer of A$0.013 per World Oil share.

(ASX:PVA, NASDAQ:PSDV) has entered into a funded technology evaluation agreement with a major global pharmaceutical company to evaluate its proprietary Durasert and Tethadur ophthalmic drug release technologies.
The Durasert technology system delivers specific quantities of drugs directly to a target site in the body at controlled rates for predetermined periods of time ranging from weeks to months.

Rox Resources (ASX: RXL) has secured an additional exploration licence that covers a sub-block along the southeastern extension of its Camelwood nickel sulphide deposit at Fisher East, Western Australia.
The Department of Mines and Petroleum granted tenement E53/1716, which covers a 3.07 square kilometre area.
“The grant of this tenement completes our landholding at Fisher East, and will enable us to commence step back drilling along the south-eastern portion of the deposit, once the necessary approvals have been received,” managing director Ian Mulholland said.

Silver Mines (ASX: SVL) has extended the depth potential of the Webbs South silver deposit in New South Wales with the first two diamond holes intersecting Webbs style alteration and mineralisation.
“It’s very pleasing to see that our first two holes have intersected lode style alteration and mineralisation where we expected it at depth,” chief executive officer Charles Straw said.

A-Cap Resources (ASX:ACB) has completed the share placement to raise $3.25 million, which was underpinned by its major shareholder Ansheng/China Growth Minerals increasing its stake to 19.99%.
China Growth invested $2.125 million into the placement and a share purchase plan is now open to eligible shareholders.
The fund raising will be used for the ongoing feasibility and development programme at the A-Cap's Letlhakane Uranium Project in Botswana, and to further evaluate its coal project.

Primary Gold (ASX: PGO), formerly Hydrotech International, has completed an early assessment of its Toms Gully Project in the Northern Territory which shows the potential for Resource, mine life and recovery increases.
These results will be fed into the current Feasibility Study underway and due for completion in the current quarter.
The Tom’s Gully underground mine previously produced 115,000 ounces of gold at 8.2 grams per tonne (g/t) and currently hosts a JORC Resource of 140,000 ounces of gold at 8.4g/t.

Consumer products manufacturer Yowie Group (ASX: YOW) has landed a deal with Hong Kong’s Perfect Productions (HK) for the supply of its range of collectable natural replica creatures included in the Yowie chocolate product.
the Yowie capsule, natural replica creature inclusion and information leaflet for the Yowie chocolate product.
The Yowie chocolate product is on schedule for release in the U.S. market by the end of this year

Monto Minerals' (ASX:MOO) shares were up 20% on news that the operator of its Baal Gammon copper/silver mine in Queensland, Snow Peak Mining, had reiterated commitment to completing Stage 1 of the project.
Currently a stockpile of 6,368 tonnes of broken ore grading 2.86% copper and 67.87 grams per tonne silver at the Baal Gammon mine site, awaiting trucking to Mt Garnet.
Shares in Monto were up $0.001 to trade at $0.006 a share.

Karoon Gas (ASX: KAR) has waived its pre-emptive right to acquire a 20% interest in two Browse Basin exploration permits that partner ConocoPhillips (NYSE: COP) is selling to PetroChina.
The company instead welcomed the Chinese state owned company’s entry into WA-315-P and WA-398-P offshore Western Australia, which includes the Poseidon gas condensate discovery.

Australian Power & Gas Company (ASX: APK) has secured A$6 million in new funding from its largest shareholder Japan’s Nippon Gas Co, a $57.7 billion market capitalised company.
This new funding will provide the company’s retail business with additional working capital to facilitate pre-winter gas purchases to fill the company’s gas storage facilities in anticipation of usage by customers.

RungePincockMinarco (ASX:RUL) has successfully raised about A$8.676 million via placement of 15,776,000 shares at an issue price of $0.55 each.
The institutional placement will be followed up by a retail component of a share purchase plan to shareholders who were on the register on 4 April 2013 and will be offered at the same price as the placement.
The SPP is not underwritten and will be capped to about $1.1 million.

Norfolk Group (ASX:NFK) has received Letter of Intent for three new construction projects in Queensland with a total value of about $48 million.
The projects were awarded to Norfolk's construction business ODG HADEN.
They include a contract to install the electrical and instrumentataion services for the new coal preparation plant at the Caval Ridge Coal Mine. The value of this is estimated to be around $18 million.

GB Energy (ASX: GBX) has accepted the offer of an Exploration Licence on the Stuart Shelf, South Australia, that is highly prospective for iron oxide copper gold uranium mineralisation.
The next step in the process is for the grant of EL 2012/298 to be published in the Government Gazette and relevant newspapers for a period of 28 days, after which the licence can be granted.
GB had in March accepted the offer of EL 2012/280, which lies immediately to the west of EL 2012/298.
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Source: [Proactive Investors Australia]