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Aztek
News and Blogs
Total : 3 View more »
A Scythe for Sore Eyes
blog.wired.com | Nov 7, 2008
...was the same, blech! But upon further inspection, most of the car doesn't look that bad. It's only worse-than-an-Aztek from the front axel forward. Wish there was a rear shot to see what that looks like. Posted by: MikeD | Nov 6, 2008 4...
New GM Chevy Volt photos show different look
news.cnet.com | Sep 9, 2008
...see no hope for the company! Reply to this comment by sheaftosser September 9, 2008 1:32 PM PDT Cross between an Aztek and a Hyundai. Not good. Reply to this comment by bj1126 September 9, 2008 1:37 PM PDT Leave it to GM to snatch...
http://news.cnet.com/8301-11128_3-10036525-54.html?part=rss&subj=news&tag=2547-1_3-0-20
Reviewing the DC December Solicitations Part 2
www.filmfodder.com | Sep 21, 2008
...amok? Advance-solicited; on sale January 21 • 144 pg, FC, $12.99 US Well, its Morrison and Millar. But its Aztek-era Millar and Morrison, which doesn't do as much for me. And the fact that I don't really recall anyone ever telling...
http://www.filmfodder.com/comics/archives/2008/09/reviewing_the_dc_december_soli_1.shtml
Web Sites
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Video: Hands-on with the GMC Bulldozer R4 computer case
www.engadget.com
...vote down Report Neutral happy_penguin happy_penguin @ Mar 5th 2008 4:26AM Everyone I know who owns an Aztek loves it. I don't see where it looks any worse than a Honda Element. Talk about another butt ass ugly car... vote...
http://www.engadget.com/2008/03/04/video-hands-on-with-the-gmc-bulldozer-r4-computer-case/
Calix Compatible
...an email to ccp@calix.com. Partner Website Service Management Actelis http://www.actelis.com/ Aztek Networks http://www.azteknetworks.net/ ClearAccess http://www.clearaccess.com/ ETI Software ...
http://www.calix.com/portal/calix_compatible/index.jsp?cid=4
on Sale: Mattel Remote Control Batman Begins Batboat Price List
...ENTRY REMOTE w/PROG. (NEW) 2001-2005 AZTEK KEYLESS ENTRY REMOTE w/PROGRAM. 1999...KEYLESS ENTRY REMOTE . (NEW) 2001-2005 AZTEK KEYLESS ENTRY REMOTE w/PROGRAM. 2001-2005 AZTEK KEYLESS ENTRY REMOTE w/PROGRAM. (NEW...
http://www.intellacat.com/mattelRemoteControlbatmanbeginsBatboat.html
Toys Hobbies Models Kits Tools Supplies Engines
... Vacuum engine HB22 Fire Eater DARK BEECH - FROM GERMANY USD 469.99 Testors/Aztek AC200 Airbrush Compressor w/Trap #50202 Testors/Aztek AC200 Airbrush Compressor w/Trap #50202 USD 309.85 Large Horizontal Steam engine...
http://www.affordablequalitysigns.com/Tools-Supplies-Engines,c2594,p1.html
News from Zibb.com
Total : 12 View more »
GM Reports 170,585 Deliveries in October - Zibb.com
DETROIT, Nov. 3, 2008 (Canada NewsWire via COMTEX) --
<<
U.S. auto industry at lowest monthly SAAR in more than 25 years
>>
General Motors dealers in the United States delivered 170,585 vehicles in October, down 45 percent compared with a year ago. GM truck sales of 97,119 were down 51 percent and car sales of 73,466 were off 34 percent. The steep decline in vehicle sales was largely due to a significant drop in the market's retail demand as uncertainty over the deepening credit crisis impacted consumer confidence.
"The market has been shrinking for three years, but in October we saw a dramatic decline for the industry and GM," said Mark LaNeve, vice president, GM North America Vehicle Sales, Service and Marketing. "We are obviously disappointed in our results which reflect a difficult comparison with a strong year-ago October performance. More importantly, it also reflects an unprecedented credit crunch that is dramatically impacting the entire U.S. economy -- from the housing market to big and small companies to banks to family run businesses. The credit freeze has also had a very negative impact on consumers' confidence and their purchase behavior across America."
"We outpaced the competition with our sales results in August and September, and fell back with the industry in October. If you adjust for population growth, this is probably the worst industry sales month in the post-WWII era," LaNeve added. "We believe there is considerable pent-up demand from the last three years, but until the credit markets open up and consumer confidence improves, the entire U.S. economy, and any industry like autos that relies on financing, will suffer.
"We'll do our part to continue fighting against these significant economic headwinds by bringing consumers the highest quality, most fuel efficient and affordable cars, trucks and crossovers that we can," he said.
To that end, LaNeve announced that GM's no-haggle Red Tag Event starts nationwide tomorrow, Nov. 4. The Red Tag Event will provide great deals on most new vehicles in GM's portfolio by offering a special Red Tag vehicle price and customer cash back. In addition, GM's recently announced "Financing That Fits" program enables consumers to find financing at affordable rates from GMAC and thousands of other banks, credit unions and financing institutions.
Despite the poor results in October, there were a number of bright spots for individual GM car and truck lines, including:
-- Chevrolet Malibu retail sales were up 129 percent. For the month, Malibu total sales reached nearly 11,000 vehicles. For the year, Malibu retail sales have totaled nearly 98,000 cars, up 134 percent from year-ago figures.
-- The all-new Pontiac Vibe recorded a 6 percent total sales increase in October. Almost 42,000 Vibes have been sold this year, up 36 percent from the prior year.
-- Saab retail sales were up 7.4 percent compared with a year ago, driven by the strong retail performance of the 9-3, which was up more than 16 percent.
-- GM sold 44,500 Chevrolet Silverado, GMC Sierra and Chevrolet Avalanche full-size pickups in October, further solidifying its segment leadership.
-- GM hybrids continue to build sales momentum and the company has broken through the 10-thousand vehicle sales mark. A total of 1,496 hybrid vehicles were delivered in the month. Hybrid sales included: 372 hybrid Chevrolet Tahoe, 193 GMC Yukon and 230 Cadillac Escalade 2-mode SUVs delivered. There were 325 Chevrolet Malibu, 22 Saturn Aura and 354 Vue hybrids sold in October. GM has sold 10,549 hybrids so far in 2008.
GM continues to proactively manage inventories to align supplies with market demand. In October, only about 799,000 vehicles were in stock, down about 146,000 vehicles (or about 15 percent) compared with last year. There were about 336,000 cars and 463,000 trucks (including crossovers) in inventory at the end of October.
"These are extraordinary times for the U.S. economy, for consumers and for an auto industry that is running at deep recessionary levels relative to 1999- 2006," LaNeve said. "We are offering the highest quality and best value vehicles to customers in our history -- along with great incentives. But we can't do it alone as GM or the auto industry. It will take a coordinated national effort to turn this economy around."
Certified Used Vehicles
October 2008 sales for all certified GM brands, including GM Certified Used Vehicles, Cadillac Certified Pre-Owned Vehicles, Saturn Certified Pre- Owned Vehicles, Saab Certified Pre-Owned Vehicles, and HUMMER Certified Pre- Owned Vehicles, were 33,735 vehicles, down 15 percent from October 2007. Year-to-date sales are 408,451 vehicles, down 7 percent from the same period last year.
GM Certified Used Vehicles, the industry's top-selling certified brand, posted October sales of 29,167 vehicles, down 16 percent from October 2007. Saturn Certified Pre-Owned Vehicles sold 783 vehicles, down 11 percent. Cadillac Certified Pre-Owned Vehicles sold 3,051 vehicles, down 6 percent. Saab Certified Pre-Owned Vehicles sold 506 vehicles, down 2 percent, and HUMMER Certified Pre-Owned Vehicles sold 228 vehicles, up 75 percent.
"October sales were disappointing for certified GM programs, as consumer uncertainty over the growing credit crisis had a negative impact on consumer confidence and retail demand for both new and used vehicles," said LaNeve. "Going forward, we will continue offering consumers the tremendous peace of mind and value that comes with a factory-backed, fully inspected and reconditioned, late-model used vehicle from the GM brands they know and trust."
GM North America Reports October, 2008 Production; Fourth Quarter Forecast Remains at 875,000 Vehicles
In October, GM North America produced 318,000 vehicles (151,000 cars and 167,000 trucks). This is down 105,000 vehicles or 25 percent compared with October 2007 when the region produced 423,000 vehicles (152,000 cars and 271,000 trucks). (Production totals include joint venture production of 11,000 vehicles in October 2008 and 18,000 vehicles in October 2007.)
The GM North America fourth-quarter production forecast remains at 875,000 vehicles (407,000 cars and 468,000 trucks) which is down about 16 percent compared with a year ago. GM North America built 1.042 million vehicles (358,000 cars and 684,000 trucks) in the fourth-quarter of 2007.
General Motors Corp. (NYSE: GM), the world's largest automaker, has been the annual global industry sales leader for 77 years. Founded in 1908, GM today employs about 266,000 people around the world. With global headquarters in Detroit, GM manufactures its cars and trucks in 34 countries. In 2007, nearly 9.37 million GM cars and trucks were sold globally under the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel, Pontiac, Saab, Saturn, Vauxhall and Wuling. GM's OnStar subsidiary is the industry leader in vehicle safety, security and information services. More information on GM can be found at www.gm.com.
Note: GM sales and production results are available on GM Media OnLine at http://media.gm.com by clicking on News, then Sales/Production. In this press release and related comments by General Motors management, we use words like "expect," "anticipate," "estimate," "forecast," "objective," "plan," "goal" and similar expressions to identify forward-looking statements, representing our current judgment about possible future events. We believe these judgments are reasonable, but actual results may differ materially due to a variety of important factors.
Among other items, such factors might include: market acceptance of our products; shortages of and price increases for fuel; significant changes in the competitive environment and the effect of competition on our markets, including on our pricing policies; our ability to maintain adequate liquidity and financing sources and an appropriate level of debt; and changes in general economic conditions. GM's most recent annual report on Form 10-K and quarterly report on Form 10-Q provide information about these factors, which may be revised or supplemented in future reports to the SEC on Form 10-Q or 8-K.
<<
General Motors dealers in the United States reported the following
deliveries:
^S/D Curr: 27 October
^S/D Prev: 26 2008 2007 % Chg %Chg per
Volume S/D
Vehicle Total 170,585 310,008 -45.0 -47.0
Car Total 73,466 111,738 -34.3 -36.7
Light Truck Total 95,253 195,670 -51.3 -53.1
Light Vehicle Total 168,719 307,408 -45.1 -47.1
Truck Total 97,119 198,270 -51.0 -52.8
GM Vehicle Deliveries by Marketing Division
2008 2007 %Chg %Chg per
Volume S/D
Buick Total 7,642 14,231 -46.3 -48.3
Cadillac Total 9,541 21,267 -55.1 -56.8
Chevrolet Total 107,313 179,825 -40.3 -42.5
GMC Total 21,109 44,456 -52.5 -54.3
HUMMER Total 1,368 3,864 -64.6 -65.9
^^Other-Isuzu Total 0 0 ---.- ---.-
Pontiac Total 13,054 25,182 -48.2 -50.1
Saab Total 1,975 2,275 -13.2 -16.4
Saturn Total 8,583 18,908 -54.6 -56.3
GM Vehicle Total 170,585 310,008 -45.0 -47.0
GM Car Deliveries by Marketing Division
2008 2007 %Chg %Chg per
Volume S/D
Buick Total 5,398 9,698 -44.3 -46.4
Cadillac Total 6,271 13,899 -54.9 -56.6
Chevrolet Total 43,791 52,740 -17.0 -20.0
Pontiac Total 12,105 23,037 -47.5 -49.4
Saab Total 1,659 1,959 -15.3 -18.5
Saturn Total 4,242 10,405 -59.2 -60.7
GM Car Total 73,466 111,738 -34.3 -36.7
GM Light Truck Deliveries by Marketing Division
2008 2007 %Chg %Chg per
Volume S/D
Buick Total 2,244 4,533 -50.5 -52.3
Cadillac Total 3,270 7,368 -55.6 -57.3
Chevrolet Total 62,690 125,875 -50.2 -52.0
GMC Total 20,075 43,066 -53.4 -55.1
HUMMER Total 1,368 3,864 -64.6 -65.9
Pontiac Total 949 2,145 -55.8 -57.4
Saab Total 316 316 0.0 -3.7
Saturn Total 4,341 8,503 -48.9 -50.8
GM Light Truck Total 95,253 195,670 -51.3 -53.1
^S/D Curr: 27 (Calendar Year-to-Date)
January - October
^S/D Prev: 26 2008 2007 %Chg
Volume
Vehicle Total 2,603,828 3,279,513 -20.6
Car Total 1,111,189 1,267,753 -12.3
Light Truck Total 1,470,196 1,973,748 -25.5
Light Vehicle Total 2,581,385 3,241,501 -20.4
Truck Total 1,492,639 2,011,760 -25.8
GM Vehicle Deliveries by Marketing Division
2008 2007 %Chg
Volume
Buick Total 120,772 158,146 -23.6
Cadillac Total 139,109 176,249 -21.1
Chevrolet Total 1,567,684 1,928,373 -18.7
GMC Total 326,999 425,694 -23.2
HUMMER Total 23,861 46,624 -48.8
^^Other-Isuzu Total 0 7,906 ---.-
Pontiac Total 238,762 301,771 -20.9
Saab Total 19,337 27,960 -30.8
Saturn Total 167,304 206,790 -19.1
GM Vehicle Total 2,603,828 3,279,513 -20.6
GM Car Deliveries by Marketing Division
2008 2007 %Chg
Volume
Buick Total 80,981 112,246 -27.9
Cadillac Total 93,200 106,372 -12.4
Chevrolet Total 627,267 647,883 -3.2
Pontiac Total 220,895 272,164 -18.8
Saab Total 16,187 23,605 -31.4
Saturn Total 72,659 105,483 -31.1
GM Car Total 1,111,189 1,267,753 -12.3
GM Light Truck Deliveries by Marketing Division
2008 2007 %Chg
Volume
Buick Total 39,791 45,900 -13.3
Cadillac Total 45,909 69,877 -34.3
Chevrolet Total 931,424 1,268,033 -26.5
GMC Total 313,549 408,045 -23.2
HUMMER Total 23,861 46,624 -48.8
Pontiac Total 17,867 29,607 -39.7
Saab Total 3,150 4,355 -27.7
Saturn Total 94,645 101,307 -6.6
GM Light Truck Total 1,470,196 1,973,748 -25.5
^ Twenty-seven selling days (S/D) for the October period this year and
twenty-six for last year.
^^ Prior to Aug '07, includes American Isuzu Motors, Inc., dealer
deliveries of commercial vehicles distributed by GM as reported to GM
by American Isuzu Motors Inc.
Effective Aug '07, GM only includes GMC & Chevrolet dealer deliveries of
commercial vehicles distributed by American Isuzu Motors, Inc.
GM Car Deliveries - (United States)
October 2008
October
% Chg %Chg per
2008 2007 Volume S/D
Selling Days (S/D) 27 26
Century 0 0 ---.- ---.-
LaCrosse 1,592 3,128 -49.1 -51.0
LaSabre 0 0 ---.- ---.-
Lucerne 3,806 6,570 -42.1 -44.2
Park Avenue 0 0 ---.- ---.-
Buick Total 5,398 9,698 -44.3 -46.4
CTS 3,997 6,586 -39.3 -41.6
DeVille 0 0 ---.- ---.-
DTS 1,590 5,336 -70.2 -71.3
STS 632 1,862 -66.1 -67.3
XLR 52 115 -54.8 -56.5
Cadillac Total 6,271 13,899 -54.9 -56.6
Aveo 3,162 6,373 -50.4 -52.2
Cavalier 0 0 ---.- ---.-
Classic 0 0 ---.- ---.-
Cobalt 6,478 16,505 -60.8 -62.2
Corvette 1,170 2,484 -52.9 -54.6
Impala 22,107 20,791 6.3 2.4
Malibu 10,874 5,975 82.0 75.3
Monte Carlo 0 610 ---.- ---.-
SSR 0 2 ---.- ---.-
Chevrolet Total 43,791 52,740 -17.0 -20.0
Bonneville 0 0 ---.- ---.-
G5 812 2,519 -67.8 -69.0
G6 6,788 10,805 -37.2 -39.5
G8 1,082 0 ---.- ---.-
Grand Am 0 0 ---.- ---.-
Grand Prix 148 5,813 -97.5 -97.5
GTO 0 48 ---.- ---.-
Solstice 330 1,064 -69.0 -70.1
Sunfire 0 0 ---.- ---.-
Vibe 2,945 2,788 5.6 1.7
Pontiac Total 12,105 23,037 -47.5 -49.4
9-2X 0 0 ---.- ---.-
9-3 1,471 1,677 -12.3 -15.5
9-5 188 282 -33.3 -35.8
Saab Total 1,659 1,959 -15.3 -18.5
Astra 543 0 ---.- ---.-
Aura 3,391 4,425 -23.4 -26.2
ION 0 5,135 ---.- ---.-
Saturn L Series 0 0 ---.- ---.-
Sky 308 845 -63.6 -64.9
Saturn Total 4,242 10,405 -59.2 -60.7
GM Car Total 73,466 111,738 -34.3 -36.7
(Calendar Year-to-Date)
January - October
%Chg
2008 2007 Volume
Selling Days (S/D) 27 26
Century 0 5 ---.-
LaCrosse 33,336 41,073 -18.8
LaSabre 0 121 ---.-
Lucerne 47,645 71,021 -32.9
Park Avenue 0 26 ---.-
Buick Total 80,981 112,246 -27.9
CTS 51,476 44,666 15.2
DeVille 0 71 ---.-
DTS 27,380 43,480 -37.0
STS 13,253 16,630 -20.3
XLR 1,091 1,525 -28.5
Cadillac Total 93,200 106,372 -12.4
Aveo 49,782 55,520 -10.3
Cavalier 0 57 ---.-
Classic 0 17 ---.-
Cobalt 168,940 169,400 -0.3
Corvette 24,554 28,333 -13.3
Impala 231,841 270,504 -14.3
Malibu 151,429 108,930 39.0
Monte Carlo 708 14,882 -95.2
SSR 13 240 -94.6
Chevrolet Total 627,267 647,883 -3.2
Bonneville 0 130 ---.-
G5 21,892 23,249 -5.8
G6 126,494 121,278 4.3
G8 12,390 0 ---.-
Grand Am 0 99 ---.-
Grand Prix 8,252 78,380 -89.5
GTO 52 4,159 -98.7
Solstice 10,013 14,133 -29.2
Sunfire 0 39 ---.-
Vibe 41,802 30,697 36.2
Pontiac Total 220,895 272,164 -18.8
9-2X 3 118 -97.5
9-3 13,877 19,774 -29.8
9-5 2,307 3,713 -37.9
Saab Total 16,187 23,605 -31.4
Astra 9,707 0 ---.-
Aura 54,033 50,487 7.0
ION 314 45,138 -99.3
Saturn L Series 0 2 ---.-
Sky 8,605 9,856 -12.7
Saturn Total 72,659 105,483 -31.1
GM Car Total 1,111,189 1,267,753 -12.3
GM Truck Deliveries - (United States)
October 2008
October
% Chg %Chg per
2008 2007 Volume S/D
Selling Days (S/D) 27 26
Enclave 2,228 4,244 -47.5 -49.4
Rainier 3 100 -97.0 -97.1
Rendezvous 0 39 ---.- ---.-
Terraza 13 150 -91.3 -91.7
Buick Total 2,244 4,533 -50.5 -52.3
Escalade 1,556 3,499 -55.5 -57.2
Escalade ESV 533 1,460 -63.5 -64.8
Escalade EXT 265 716 -63.0 -64.4
SRX 916 1,693 -45.9 -47.9
Cadillac Total 3,270 7,368 -55.6 -57.3
Astro 0 0 ---.- ---.-
C/K Suburban (Chevy) 2,464 8,317 -70.4 -71.5
Chevy C/T Series 61 25 144.0 135.0
Chevy W Series 95 245 -61.2 -62.7
Colorado 2,552 5,753 -55.6 -57.3
Equinox 2,841 5,978 -52.5 -54.2
Express Cutaway/G Cut 1,155 1,991 -42.0 -44.1
Express Panel/G Van 5,840 5,708 2.3 -1.5
Express/G Sportvan 561 1,214 -53.8 -55.5
HHR 5,265 7,979 -34.0 -36.5
Kodiak 4/5 Series 572 786 -27.2 -29.9
Kodiak 6/7/8 Series 104 154 -32.5 -35.0
S/T Blazer 0 0 ---.- ---.-
Tahoe 3,674 16,066 -77.1 -78.0
TrailBlazer 2,954 11,310 -73.9 -74.8
Traverse 1,359 0 ---.- ---.-
Uplander 736 7,356 -90.0 -90.4
Venture 0 0 ---.- ---.-
Avalanche 1,600 5,487 -70.8 -71.9
Silverado-C/K Pickup 31,689 48,716 -35.0 -37.4
Chevrolet Fullsize Pickups 33,289 54,203 -38.6 -40.9
Chevrolet Total 63,522 127,085 -50.0 -51.9
Acadia 3,071 6,120 -49.8 -51.7
Canyon 649 1,543 -57.9 -59.5
Envoy 887 4,111 -78.4 -79.2
GMC C/T Series 33 88 -62.5 -63.9
GMC W Series 177 323 -45.2 -47.2
Safari (GMC) 0 0 ---.- ---.-
Savana Panel/G Classic 626 1,007 -37.8 -40.1
Savana Special/G Cut 246 239 2.9 -0.9
Savana/Rally 188 159 18.2 13.9
Sierra 11,256 17,417 -35.4 -37.8
Topkick 4/5 Series 368 431 -14.6 -17.8
Topkick 6/7/8 Series 456 548 -16.8 -19.9
Yukon 1,836 7,706 -76.2 -77.1
Yukon XL 1,316 4,764 -72.4 -73.4
GMC Total 21,109 44,456 -52.5 -54.3
HUMMER H1 0 3 ---.- ---.-
HUMMER H2 260 968 -73.1 -74.1
HUMMER H3 857 2,893 -70.4 -71.5
HUMMER H3T 251 0 ---.- ---.-
HUMMER Total 1,368 3,864 -64.6 -65.9
Other-Isuzu F Series 0 0 ---.- ---.-
Other-Isuzu H Series 0 0 ---.- ---.-
Other-Isuzu N Series 0 0 ---.- ---.-
Other-Isuzu Total 0 0 ---.- ---.-
Aztek 0 0 ---.- ---.-
Montana 0 0 ---.- ---.-
Montana SV6 0 31 ---.- ---.-
Torrent 949 2,114 -55.1 -56.8
Pontiac Total 949 2,145 -55.8 -57.4
9-7X 316 316 0.0 -3.7
Saab Total 316 316 0.0 -3.7
Outlook 1,362 2,458 -44.6 -46.6
Relay 2 50 -96.0 -96.1
VUE 2,977 5,995 -50.3 -52.2
Saturn Total 4,341 8,503 -48.9 -50.8
GM Truck Total 97,119 198,270 -51.0 -52.8
(Calendar Year-to-Date)
January - October
%Chg
2008 2007 Volume
Selling Days (S/D) 27 26
Enclave 39,128 20,726 88.8
Rainier 114 4,664 -97.6
Rendezvous 23 15,247 -99.8
Terraza 526 5,263 -90.0
Buick Total 39,791 45,900 -13.3
Escalade 19,275 30,777 -37.4
Escalade ESV 9,076 13,635 -33.4
Escalade EXT 3,779 6,850 -44.8
SRX 13,779 18,615 -26.0
Cadillac Total 45,909 69,877 -34.3
Astro 0 25 ---.-
C/K Suburban (Chevy) 44,121 70,867 -37.7
Chevy C/T Series 320 241 32.8
Chevy W Series 1,398 2,286 -38.8
Colorado 47,396 64,878 -26.9
Equinox 59,130 76,587 -22.8
Express Cutaway/G Cut 10,944 16,646 -34.3
Express Panel/G Van 49,822 63,475 -21.5
Express/G Sportvan 12,056 13,808 -12.7
HHR 85,763 88,346 -2.9
Kodiak 4/5 Series 5,943 7,973 -25.5
Kodiak 6/7/8 Series 1,332 1,957 -31.9
S/T Blazer 0 7 ---.-
Tahoe 81,012 125,710 -35.6
TrailBlazer 68,235 114,760 -40.5
Traverse 1,585 0 ---.-
Uplander 39,359 60,019 -34.4
Venture 0 25 ---.-
Avalanche 29,810 46,305 -35.6
Silverado-C/K Pickup 402,191 526,575 -23.6
Chevrolet Fullsize Pickups 432,001 572,880 -24.6
Chevrolet Total 940,417 1,280,490 -26.6
Acadia 60,089 58,977 1.9
Canyon 12,904 17,975 -28.2
Envoy 21,864 41,614 -47.5
GMC C/T Series 429 893 -52.0
GMC W Series 2,229 3,524 -36.7
Safari (GMC) 0 13 ---.-
Savana Panel/G Classic 9,089 12,601 -27.9
Savana Special/G Cut 10,011 7,871 27.2
Savana/Rally 1,233 1,626 -24.2
Sierra 145,067 174,621 -16.9
Topkick 4/5 Series 7,133 8,086 -11.8
Topkick 6/7/8 Series 3,659 5,146 -28.9
Yukon 32,412 53,949 -39.9
Yukon XL 20,880 38,798 -46.2
GMC Total 326,999 425,694 -23.2
HUMMER H1 17 119 -85.7
HUMMER H2 5,488 10,323 -46.8
HUMMER H3 18,104 36,182 -50.0
HUMMER H3T 252 0 ---.-
HUMMER Total 23,861 46,624 -48.8
Other-Isuzu F Series 0 1,116 ---.-
Other-Isuzu H Series 0 61 ---.-
Other-Isuzu N Series 0 6,729 ---.-
Other-Isuzu Total 0 7,906 ---.-
Aztek 0 25 ---.-
Montana 0 26 ---.-
Montana SV6 64 1,301 -95.1
Torrent 17,803 28,255 -37.0
Pontiac Total 17,867 29,607 -39.7
9-7X 3,150 4,355 -27.7
Saab Total 3,150 4,355 -27.7
Outlook 22,765 28,251 -19.4
Relay 159 1,305 -87.8
VUE 71,721 71,751 0.0
Saturn Total 94,645 101,307 -6.6
GM Truck Total 1,492,639 2,011,760 -25.8
GENERAL MOTORS CORPORATION
U.S. PASSENGER PRODUCTION
MONTH OF: OCTOBER, 2008
ASSEMBLY PRODUCT 2008 MY 2009 MY
PLANT DIVISION TYPE NET OCT NET OCT
BOWLING GREEN CADILLAC XLR 0 0
CHEVROLET CORVETTE 0 1,735
DETROIT BUICK LUCERNE 0 3,236
HAMTRAMCK CADILLAC DTS 0 2,048
FAIRFAX CHEVROLET MALIBU (380) 0 0
SATURN AURA 0 5,749
CHEVROLET MALIBU (386) 0 15,019
LANS GRD RIVER CADILLAC CTS 0 4,622
CADILLAC STS 0 361
LORDSTOWN CHEVROLET COBALT 0 30,730
PONTIAC G5 0 5,793
ORION PONTIAC G6 0 12,720
CHEVROLET MALIBU 0 12,779
WILMINGTON PONTIAC SOLSTICE 0 551
SATURN SKY 0 816
OPEL ROADSTER 0 40
TOTAL U.S. PASSENGER 0 96,199
TOTAL UNITS 2008
ASSEMBLY PRODUCT PRODUCED MYTD THRU
PLANT DIVISION TYPE NET OCT OCT 2008
BOWLING GREEN CADILLAC XLR 0 1,542
CHEVROLET CORVETTE 1,735 35,310
DETROIT BUICK LUCERNE 3,236 69,364
HAMTRAMCK CADILLAC DTS 2,048 43,824
FAIRFAX CHEVROLET MALIBU (380) 0 29,225
SATURN AURA 5,749 63,185
CHEVROLET MALIBU (386) 15,019 106,196
LANS GRD RIVER CADILLAC CTS 4,622 73,132
CADILLAC STS 361 18,838
LORDSTOWN CHEVROLET COBALT 30,730 205,381
PONTIAC G5 5,793 46,177
ORION PONTIAC G6 12,720 168,933
CHEVROLET MALIBU 12,779 41,091
WILMINGTON PONTIAC SOLSTICE 551 15,587
SATURN SKY 816 13,662
OPEL ROADSTER 40 4,851
TOTAL U.S. PASSENGER 96,199 936,298
2009 2008
ASSEMBLY PRODUCT MYTD THRU CYTD THRU
PLANT DIVISION TYPE OCT 2008 OCT 2008
BOWLING GREEN CADILLAC XLR 560 1,353
CHEVROLET CORVETTE 10,336 27,857
DETROIT BUICK LUCERNE 17,084 46,996
HAMTRAMCK CADILLAC DTS 10,343 28,831
FAIRFAX CHEVROLET MALIBU (380) 0 0
SATURN AURA 25,285 56,900
CHEVROLET MALIBU (386) 62,733 137,340
LANS GRD RIVER CADILLAC CTS 34,987 74,895
CADILLAC STS 5,028 14,210
LORDSTOWN CHEVROLET COBALT 102,100 217,205
PONTIAC G5 21,094 47,862
ORION PONTIAC G6 64,677 141,520
CHEVROLET MALIBU 36,669 74,741
WILMINGTON PONTIAC SOLSTICE 2,664 6,432
SATURN SKY 3,390 8,381
OPEL ROADSTER 264 3,110
TOTAL U.S. PASSENGER 397,214 887,633
GENERAL MOTORS CORPORATION
U.S. TRUCK PRODUCTION
MONTH OF: OCTOBER, 2008
ASSEMBLY PRODUCT 2008 MY 2009 MY
PLANT DIVISION TYPE NET OCT NET OCT
ARLINGTON CHEVROLET TAHOE 0 7,045
GMC YUKON 0 4,545
CADILLAC ESCALADE 0 1,737
CHEVROLET SUBURBAN 0 1,708
GMC YUKON XL 0 846
CADILLAC ESCALADE ESV 0 522
DORAVILLE CHEVROLET UPLANDER 0 0
PONTIAC MONTANA SV6 0 0
FLINT CHEVROLET SILVERADO CREW CAB 0 5,262
GMC SIERRA CREW CAB 0 2,995
FLINT No.3 CHEVROLET KODIAK 0 1,067
GMC TOPKICK 0 1,480
ISUZU T-SERIES 0 75
FT. WAYNE CHEVROLET SILVERADO PICKUP 0 10,463
GMC SIERRA PICKUP 0 3,740
JANESVILLE No.1 CHEVROLET TAHOE 0 1,378
GMC YUKON 0 1,649
CHEVROLET SUBURBAN 0 1,434
GMC YUKON XL 0 2,445
JANESVILLE No.3 CHV/GMC/ISZ W-4/5 (LIGHT) 0 440
LANS DELTA TWP GMC ACADIA 0 10,017
SATURN OUTLOOK 0 1,424
BUICK ENCLAVE 0 7,251
LANS GRD RIVER CADILLAC SRX 0 556
MORAINE CHEVROLET TRAILBLAZER 0 5,531
GMC ENVOY 0 2,465
ISUZU ASCENDER 0 0
SAAB 9--7X 0 275
PONTIAC ASM CHEVROLET SILVERADO PICKUP 0 7,467
GMC SIERRA PICKUP 0 2,235
SHREVEPORT HUMMER H3 0 320
HUMMER H3T 0 746
CHEVROLET COLORADO 0 3,338
GMC CANYON 0 949
ISUZU 0 0
SPRING HILL CHEVROLET TRAVERSE 0 13,195
WENTZVILLE CHEVROLET EXPRESS VAN 0 12,622
GMC SAVANA VAN 0 2,491
TOTAL U.S. TRUCK 0 119,713
TOTAL U.S. CAR & TRUCK 0 215,912
TOTAL UNITS 2008
ASSEMBLY PRODUCT PRODUCED MYTD THRU
PLANT DIVISION TYPE NET OCT OCT 2008
ARLINGTON CHEVROLET TAHOE 7,045 81,176
GMC YUKON 4,545 18,982
CADILLAC ESCALADE 1,737 35,394
CHEVROLET SUBURBAN 1,708 15,665
GMC YUKON XL 846 12,105
CADILLAC ESCALADE ESV 522 15,922
DORAVILLE CHEVROLET UPLANDER 0 95,408
PONTIAC MONTANA SV6 0 17,128
FLINT CHEVROLET SILVERADO CREW CAB 5,262 86,630
GMC SIERRA CREW CAB 2,995 41,596
FLINT No.3 CHEVROLET KODIAK 1,067 9,402
GMC TOPKICK 1,480 13,257
ISUZU T-SERIES 75 419
FT. WAYNE CHEVROLET SILVERADO PICKUP 10,463 179,725
GMC SIERRA PICKUP 3,740 55,550
JANESVILLE No.1 CHEVROLET TAHOE 1,378 56,975
GMC YUKON 1,649 50,162
CHEVROLET SUBURBAN 1,434 15,325
GMC YUKON XL 2,445 31,278
JANESVILLE No.3 CHV/GMC/ISZ W-4/5 (LIGHT) 440 3,096
LANS DELTA TWP GMC ACADIA 10,017 102,405
SATURN OUTLOOK 1,424 35,387
BUICK ENCLAVE 7,251 70,355
LANS GRD RIVER CADILLAC SRX 556 24,599
MORAINE CHEVROLET TRAILBLAZER 5,531 119,905
GMC ENVOY 2,465 43,212
ISUZU ASCENDER 0 1,063
SAAB 9--7X 275 4,530
PONTIAC ASM CHEVROLET SILVERADO PICKUP 7,467 87,082
GMC SIERRA PICKUP 2,235 31,245
SHREVEPORT HUMMER H3 320 31,930
HUMMER H3T 746 0
CHEVROLET COLORADO 3,338 78,245
GMC CANYON 949 22,323
ISUZU 0 2,977
SPRING HILL CHEVROLET TRAVERSE 13,195 0
WENTZVILLE CHEVROLET EXPRESS VAN 12,622 113,217
GMC SAVANA VAN 2,491 31,592
TOTAL U.S. TRUCK 119,713 1,635,262
TOTAL U.S. CAR & TRUCK 215,912 2,571,560
2009 2008
ASSEMBLY PRODUCT MYTD THRU CYTD THRU
PLANT DIVISION TYPE OCT 2008 OCT 2008
ARLINGTON CHEVROLET TAHOE 19,526 57,451
GMC YUKON 12,116 21,190
CADILLAC ESCALADE 7,804 23,982
CHEVROLET SUBURBAN 4,805 12,092
GMC YUKON XL 2,003 7,205
CADILLAC ESCALADE ESV 2,198 10,051
DORAVILLE CHEVROLET UPLANDER 14,829 63,588
PONTIAC MONTANA SV6 11,517 20,430
FLINT CHEVROLET SILVERADO CREW CAB 12,063 42,830
GMC SIERRA CREW CAB 6,370 21,248
FLINT No.3 CHEVROLET KODIAK 3,181 6,959
GMC TOPKICK 3,519 12,237
ISUZU T-SERIES 194 462
FT. WAYNE CHEVROLET SILVERADO PICKUP 23,689 111,416
GMC SIERRA PICKUP 8,593 39,560
JANESVILLE No.1 CHEVROLET TAHOE 2,890 25,424
GMC YUKON 3,875 23,642
CHEVROLET SUBURBAN 3,577 15,170
GMC YUKON XL 6,062 21,246
JANESVILLE No.3 CHV/GMC/ISZ W-4/5 (LIGHT) 924 1,716
LANS DELTA TWP GMC ACADIA 35,253 80,607
SATURN OUTLOOK 9,158 19,800
BUICK ENCLAVE 21,783 53,167
LANS GRD RIVER CADILLAC SRX 6,731 15,717
MORAINE CHEVROLET TRAILBLAZER 14,097 63,374
GMC ENVOY 6,455 22,418
ISUZU ASCENDER 0 310
SAAB 9--7X 1,166 2,798
PONTIAC ASM CHEVROLET SILVERADO PICKUP 13,751 45,888
GMC SIERRA PICKUP 5,003 17,103
SHREVEPORT HUMMER H3 6,835 13,991
HUMMER H3T 2,498 2,498
CHEVROLET COLORADO 19,410 52,861
GMC CANYON 5,723 15,153
ISUZU 0 701
SPRING HILL CHEVROLET TRAVERSE 20,212 20,212
WENTZVILLE CHEVROLET EXPRESS VAN 26,571 80,903
GMC SAVANA VAN 6,127 25,153
TOTAL U.S. TRUCK 350,508 1,070,553
TOTAL U.S. CAR & TRUCK 747,722 1,958,186
GENERAL MOTORS CORPORATION
CANADA PASSENGER AND TRUCK PRODUCTION
MONTH OF: OCTOBER, 2008
CANADA PASSENGER PRODUCTION:
ASSEMBLY PRODUCT 2008 MY 2009 MY
PLANT DIVISION TYPE NET OCT NET OCT
OSHAWA No.1 CHEVROLET IMPALA 0 0
OSHAWA No.2 PONTIAC GRAND PRIX 0 0
BUICK LACROSSE/ALLURE 0 4,028
CHEVROLET IMPALA 0 28,653
TOTAL CANADA PASSENGER 0 32,681
CANADA TRUCK PRODUCTION:
OSHAWA TRUCK CHEVROLET SILVERADO PICKUP 0 1,863
GMC SIERRA PICKUP 0 636
CHEVROLET SILVERADO CREW 0 991
GMC SIERRA CREW 0 562
TOTAL CANADA TRUCK 0 4,052
TOTAL CANADA CAR & TRUCK 0 36,733
TOTAL NAO - PASSENGER 0 143,265
TOTAL NAO - TRUCK 0 163,594
TOTAL G.M. NORTH AMERICAN OPERATIONS 0 306,859
CANADA PASSENGER PRODUCTION:
TOTAL UNITS 2008
ASSEMBLY PRODUCT PRODUCED MYTD THRU
PLANT DIVISION TYPE NET OCT OCT 2008
OSHAWA No.1 CHEVROLET IMPALA 0 189,879
OSHAWA No.2 PONTIAC GRAND PRIX 0 70,994
BUICK LACROSSE/ALLURE 4,028 51,664
CHEVROLET IMPALA 28,653 158,583
TOTAL CANADA PASSENGER 32,681 471,120
CANADA TRUCK PRODUCTION:
OSHAWA TRUCK CHEVROLET SILVERADO PICKUP 1,863 75,317
GMC SIERRA PICKUP 636 27,252
CHEVROLET SILVERADO CREW 991 82,342
GMC SIERRA CREW 562 54,149
TOTAL CANADA TRUCK 4,052 239,060
TOTAL CANADA CAR & TRUCK 36,733 710,180
TOTAL NAO - PASSENGER 143,265 1,472,037
TOTAL NAO - TRUCK 163,594 2,336,067
TOTAL G.M. NORTH AMERICAN OPERATIONS 306,859 3,808,104
CANADA PASSENGER PRODUCTION:
2009 2008
ASSEMBLY PRODUCT MYTD THRU CYTD THRU
PLANT DIVISION TYPE OCT 2008 OCT 2008
OSHAWA No.1 CHEVROLET IMPALA 0 0
OSHAWA No.2 PONTIAC GRAND PRIX 0 0
BUICK LACROSSE/ALLURE 15,208 43,171
CHEVROLET IMPALA 100,920 259,503
TOTAL CANADA PASSENGER 116,128 302,674
CANADA TRUCK PRODUCTION:
OSHAWA TRUCK CHEVROLET SILVERADO PICKUP 2,626 33,846
GMC SIERRA PICKUP 1,025 13,230
CHEVROLET SILVERADO CREW 1,554 27,938
GMC SIERRA CREW 980 20,778
TOTAL CANADA TRUCK 6,185 95,792
TOTAL CANADA CAR & TRUCK 122,313 398,466
TOTAL NAO - PASSENGER 568,862 1,267,876
TOTAL NAO - TRUCK 481,972 1,512,079
TOTAL G.M. NORTH AMERICAN OPERATIONS 1,050,834 2,779,955
GM Production Schedule - 11/03/08
GMNA
Units 000s Car 1 Truck 1 Total GME 2 GMLAAM 3
2008 Q3 436 479 915 348 276
O/(U) prior
forecast (1) 1 0 (2) (6)
2008 Q4 No. ^ 407 468 875 222 254
O/(U) prior
forecast 0 0 0 (103) (24)
GMNA
Units 000s Car Truck Total GME GMLAAM
2002
1st Qtr. 600 753 1,353 456 131
2nd Qtr. 688 865 1,553 453 141
3rd Qtr. 568 740 1,308 408 132
4th Qtr. 602 824 1,426 453 157
CY 2,458 3,182 5,640 1,770 561
2003
1st Qtr. 591 860 1,451 491 127
2nd Qtr. 543 837 1,380 488 128
3rd Qtr. 492 753 1,245 393 135
4th Qtr. 558 827 1,385 446 157
CY 2,184 3,277 5,461 1,818 547
2004
1st Qtr. 525 820 1,345 473 159
2nd Qtr. 543 846 1,389 503 172
3rd Qtr. 463 746 1,209 411 185
4th Qtr. 466 811 1,277 442 200
CY 1,997 3,223 5,220 1,829 716
2005
1st Qtr. 470 712 1,182 502 185
2nd Qtr. 458 789 1,247 501 195
3rd Qtr. 423 723 1,146 412 207
4th Qtr. 483 798 1,281 443 188
CY 1,834 3,022 4,856 1,858 775
2006
1st Qtr. 496 759 1,255 494 194
2nd Qtr. 462 775 1,237 495 206
3rd Qtr. 417 633 1,050 374 215
4th Qtr. 446 661 1,107 443 215
CY 1,821 2,828 4,649 1,806 830
2007
1st Qtr. 399 664 1,063 511 222
2nd Qtr. 402 740 1,142 464 233
3rd Qtr. 367 653 1,020 396 251
4th Qtr. 358 684 1,042 457 253
CY 1,526 2,741 4,267 1,828 960
2008
1st Qtr. 360 525 885 493 243
2nd Qtr. 382 452 834 495 276
3rd Qtr. 436 479 915 348 276
4th Qtr. No. 407 468 875 222 254
CY 1,585 1,924 3,509 1,558 1,049
Memo: Joint Venture
Total GMNA 1 International 5
Units 000s GMAP 4 Worldwide Car Truck
2008 Q3 500 2,039 21 29 265
O/(U) prior
forecast (10) (18) 0 0 (11)
2008 Q4 No. ^ 607 1,958 18 13 318
O/(U) prior
forecast (61) (188) 0 0 (17)
Total GMNA 1 International 5
Units 000s GMAP Worldwide Car Truck
2002
1st Qtr. 65 2,005 11 11 NA
2nd Qtr. 74 2,221 15 17 NA
3rd Qtr. 87 1,935 19 20 NA
4th Qtr. 81 2,117 14 25 NA
CY 307 8,278 59 73 NA
2003
1st Qtr. 77 2,146 19 24 NA
2nd Qtr. 90 2,086 19 24 NA
3rd Qtr. 120 1,893 20 17 NA
4th Qtr. 133 2,121 16 20 NA
CY 420 8,246 74 85 NA
2004
1st Qtr. 296 2,273 19 19 247
2nd Qtr. 337 2,401 18 48 284
3rd Qtr. 314 2,119 16 43 261
4th Qtr. 386 2,305 17 47 324
CY 1,333 9,098 70 158 1,116
2005
1st Qtr. 335 2,204 16 51 286
2nd Qtr. 398 2,341 17 49 337
3rd Qtr. 409 2,174 15 50 199
4th Qtr. 420 2,332 14 68 197
CY 1,562 9,051 62 218 1,019
2006
1st Qtr. 472 2,415 18 50 246
2nd Qtr. 482 2,420 17 58 258
3rd Qtr. 433 2,072 12 48 202
4th Qtr. 509 2,274 11 43 260
CY 1,896 9,181 58 199 966
2007
1st Qtr. 544 2,340 15 35 287
2nd Qtr. 571 2,410 12 42 264
3rd Qtr. 489 2,156 11 39 252
4th Qtr. 627 2,380 11 45 323
CY 2,231 9,286 49 161 1,126
2008
1st Qtr. 612 2,233 12 42 336
2nd Qtr. 619 2,224 20 36 320
3rd Qtr. 500 2,039 21 29 265
4th Qtr. No. 607 1,958 18 13 318
CY 2,338 8,454 71 120 1,239
^ Variance reported only if current production estimate by region
differs from prior production estimate by 5K units or more
No. Denotes estimate
All Numbers may vary due to rounding
1 GMNA includes joint venture production - NUMMI units included in
GMNA
Car; HUMMER and CAMI units included in GMNA Truck
2 GME includes GM-AvtoVAZ joint venture production beginning in Q1
2004
3 GMLAAM includes GM Egypt joint venture from 2001 through current
calendar year
4 GMAP includes joint venture production: Shanghai GM Norsom Motors
(formerly Jinbei GM) and Shanghai GM beginning in 2000 and
SAIC-GM-Wuling and GM Daewoo Auto Technologies (GMDAT) beginning in
Q1 2004.
5 International joint venture production includes GM-AvtoVAZ, GM
Egypt,
Shanghai GM Norsom Motors, Shanghai GM, SAIC-GM-Wuling, and GMDAT.
Starting in Q3 2005 International joint venture production does not
include GMDAT.
This report is governed by the Forward Looking Statements language found
in the Terms and Conditions on the GM Institutional Investor website.
>>
SOURCE: General Motors Corporation
NOTE TO EDITOR: For additional media information visit http://media.gm.com. For further information: John McDonald, GM Corporate News, +1-313-667-3714 (office), +1-313-418-2139 (mobile), john.m.mcdonald@gm.com
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TSX Venture Exchange Daily Bulletins - Zibb.com
VANCOUVER, Nov. 5, 2008 (Canada NewsWire via COMTEX) --
<<
TSX VENTURE COMPANIES
ARROW ENERGY LTD. ("AOF")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 5, 2008
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced September 12, 2008:
Number of Shares: 3,250,000 Units
(Each Unit consists of one common share and one
share purchase warrant.)
Purchase Price: $0.20 per Unit
Warrants: 3,250,000 share purchase warrants to purchase
3,250,000 shares
Warrant Exercise Price: $0.20 for a period of two years
Number of Placees: 3 placees
Insider/Pro Group Participation:
Insider equals Y/
Name ProGroup equals P/ No. of Units
Robyn L. Lore Y 1,250,000
Ross A. Clark Y 1,250,000
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company
must issue a news release announcing the closing of the private placement and
setting out the expiry dates of the hold period(s).
TSX-X
-------------------------------
AZTEK ENERGY LTD. ("AZK.H")
(formerly Aztek Energy Ltd. ("AZK"))
BULLETIN TYPE: Transfer and New Addition to NEX, Symbol Change, Remain
Suspended
BULLETIN DATE: November 5, 2008
TSX Venture Tier 2 Company
In accordance with TSX Venture Policy 2.5, the Company has not maintained
the requirements for a TSX Venture Tier 2 company. Therefore, effective
Thursday, November 6, 2008, the Company's listing will transfer to NEX, the
Company's Tier classification will change from Tier 2 to NEX, and the Filing
and Service Office will change from Calgary to NEX.
As of November 6, 2008, the Company is subject to restrictions on share
issuances and certain types of payments as set out in the NEX policies.
The trading symbol for the Company will change from AZK to AZK.H. There is
no change in the Company's name, no change in its CUSIP number and no
consolidation of capital. The symbol extension differentiates NEX symbols from
Tier 1 or Tier 2 symbols within the TSX Venture market.
Further to the TSX Venture Bulletin of July 2, 2008, trading in the
Company's securities will remain suspended.
TSX-X
-------------------------------
BITTERROOT RESOURCES LTD. ("BTT")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 5, 2008
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced October 27, 2008:
Number of Shares: 1,080,000 flow-through shares
Purchase Price: $0.12 per share
Number of Placees: 2 placees
Finder's Fee: Toll Cross Securities Inc. will receive a
finder's fee of $7,776.00 and 64,800 non-
transferable warrants that are exercisable into
common shares at $0.12 per share for a one year
period.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company
must issue a news release announcing the closing of the private placement and
setting out the expiry dates of the hold period(s). The Company must also
issue a news release if the private placement does not close promptly.
TSX-X
-------------------------------
BROWNSTONE VENTURES INC. ("BWN")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: November 5, 2008
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pertaining to
an assignment agreement (the "Agreement") dated July 10, 2008, between
Brownstone Ventures Inc. (the "Company") and X-Terra Resources Corporation, a
TSX Venture-listed company (the "Vendor"). Pursuant to the Agreement, the
Company shall acquire a 50% interest in exploration permits covering 150,000
hectares of shale lands in the Quebec Lowlands.
As consideration, the Company must issue 2,000,000 common shares and
2,000,000 warrants to the Vendor. Each warrant is exercisable into a common
share of the Company at a price of $2.00 until October 28, 2010.
For further information, please refer to the Company's press release dated
June 6, 2008 and July 11, 2008.
TSX-X
-------------------------------
CANADIAN PHOENIX RESOURCES CORP. ("CPH")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: November 5, 2008
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation pursuant to an
Agreement of Purchase and Sale dated April 28, 2008 between Canadian Phoenix
Resources Corp. (the 'Company') and Serrano Energy Ltd. ('Serrano') wherein
the Company has agreed to sell its Freemont property to Serrano (the
'Disposition'). In consideration of the Disposition, Serrano has agreed to
issue 7,000,000 of its common shares ('Serrano Shares') to the Company. In
addition, the Company has granted Serrano the option to buy back selected
farm-in interests referenced in three existing participation agreements
between the Company and Serrano (the 'Option'). In consideration of the
Option, Serrano has agreed to issue an additional 2,000,000 Serrano Shares to
the Company. The deemed price of the Serrano Shares is $5.00 per share. This
series of transactions was first announced in the Company's press release
dated August 16, 2007, with the closing of such transactions announced on
August 21, 2008.
TSX-X
-------------------------------
CANADIAN PHOENIX RESOURCES CORP. ("CPH")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: November 5, 2008
TSX Venture Tier 2 Company
TSX Venture Exchange (the 'Exchange') has accepted for filing the
Company's proposal to issue 1,000,000 common shares to fulfill the terms of a
non-arm's-length Release and Settlement Agreement dated April 10, 2007 and an
additional 1,500,000 common shares to fulfill the terms of an Amending
Agreement dated April 1, 2007 relating to a Consulting Agreement dated July 1,
2005. The Exchange has also accepted for filing the Company's proposal to
issue 49,500 convertible debentures units ('Units') at a deemed price of $1.00
per Unit to settle outstanding debt for $49,500. Each Unit consists of a
convertible debenture with a principal amount of $1.50 ('Debenture') along
with 6 share purchase warrants. Each Debenture is convertible into 12 common
shares until September 1, 2009 and each warrant is exercisable for one
additional common share at a price of $0.125 also until September 1, 2009. For
further clarity, the Company will issue total Debentures with a principal
amount of $74,250 along with 297,000 warrants.
Number of Creditors: 3 Creditors
Insider/Pro Group Participation:
Deemed
Insider equals Y/ Amount Price No. of
Creditor Progroup equals P Owing per Share Shares
710311 1,000,000
Alberta Ltd. Y shares $0.125 500,000
(Ross Moulton)
The Company shall issue a news release when the shares are issued and the
debt extinguished.
TSX-X
-------------------------------
COMET INDUSTRIES LTD. ("CMU")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 5, 2008
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced July 3, 2008:
Second Tranche:
Number of Shares: 10,000 shares
Purchase Price: $1.25 per share
Number of Placees: 1 placee
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company
must issue a news release announcing the closing of the private placement and
setting out the expiry dates of the hold period(s). The Company must also
issue a news release if the private placement does not close promptly.
TSX-X
-------------------------------
DIVERSINET CORP. ("DIV")
BULLETIN TYPE: Shares for Debt
BULLETIN DATE: November 5, 2008
TSX Venture Tier 1 Company
TSX Venture Exchange has accepted for filing the Company's proposal to
issue 322,580 shares at a deemed value of $0.62 to settle outstanding debt for
$200,000.
Number of Creditors: 4 Creditors
Insider/Pro Group Participation:
Deemed
Insider equals Y/ Amount Price No. of
Creditor Progroup equals P Owing per Share Shares
Ravi Chiruvolu Y $50,000 $0.62 80,645
William Reed Y $50,000 $0.62 80,645
Greg Milavsky Y $50,000 $0.62 80,645
Philippe Tardif Y $50,000 $0.62 80,645
The Company shall issue a news release when the shares are issued and the
debt extinguished.
TSX-X
-------------------------------
ELECTRA GOLD LTD. ("ELT")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 5, 2008
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced October 20, 2008:
Number of Shares: 1,875,000 shares
Purchase Price: $0.08 per share
Warrants: 1,875,000 share purchase warrants to purchase
1,875,000 shares
Warrant Exercise Price: $0.10 for a two year period
Number of Placees: 1 placee
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company
must issue a news release announcing the closing of the private placement and
setting out the expiry dates of the hold period(s). The Company must also
issue a news release if the private placement does not close promptly.
TSX-X
-------------------------------
INSTA-RENT INC. ("IRR")
BULLETIN TYPE: Delist-Offer to Purchase
BULLETIN DATE: November 5, 2008
TSX Venture Tier 1 Company
Effective at the close of business Friday, November 7, 2008, the common
shares of Insta-Rent Inc. (the "Company") will be delisted from TSX Venture
Exchange. The delisting of Insta-Rent Inc. shares results from easyhome Ltd. -
a TSX listed company, purchasing 100% of the Company's issued and outstanding
shares pursuant to an Offer to Purchase dated August 20, 2008. Insta-Rent
shareholders will receive $0.50 in cash for every one share held. For further
information, please refer to the Company's Take-Over Bid Circular dated
August 20, 2008, and the Company's news releases dated August 14, 2008,
September 26, 2008 and October 7, 2008.
TSX-X
-------------------------------
NORTHERN SHIELD RESOURCES INC. ("NRN")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 5, 2008
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement:
Number of Shares: 3,000,000 flow-through shares
Purchase Price: $0.25 per share
Warrants: 1,500,000 share purchase warrants to purchase
1,500,000 common shares
Warrant Exercise Price: $0.40 per share in the first year and $0.65 for
year two
Number of Placees: 7 placees
No Insider/Pro Group Participation
Finder: Limited Market Dealer Inc.
Finders' Fee: Cash - $21,000 cash and 196,000 Broker Warrants.
Each Broker Warrant is exercisable at a price of
$0.25 per share for a period of two years
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company
must issue a news release announcing the closing of the private placement and
setting out the expiry dates of the hold period(s).
TSX-X
-------------------------------
RESOURCE HUNTER CAPITAL CORP. ("RHC.P")
BULLETIN TYPE: Resume Trading
BULLETIN DATE: November 5, 2008
TSX Venture Tier 2 Company
Further to the Company's press release dated September 17, 2008, the
Company will not be proceeding with its proposed Qualifying Transaction with
Turnagain River Exploration Inc. announced May 15, 2008.
Effective at the opening Thursday, November 6, 2008, shares of the Company
will resume trading.
TSX-X
-------------------------------
REVA RESOURCES CORP. ("RVA")
BULLETIN TYPE: Private Placement-Non-Brokered
BULLETIN DATE: November 5, 2008
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced September 24, 2008:
Number of Shares: 5,000,000 shares
Purchase Price: $0.05 per share
Warrants: 5,000,000 share purchase warrants to purchase
5,000,000 shares
Warrant Exercise Price: $0.10 for a two year period
Number of Placees: 6 placees
Insider/Pro Group Participation:
Insider equals Y/
Name ProGroup equals P/ No. of Shares
Douglas Scheving Y 75,000
David Cowan Y 75,000
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the Company
must issue a news release announcing the closing of the private placement and
setting out the expiry dates of the hold period(s). The Company must also
issue a news release if the private placement does not close promptly.
TSX-X
-------------------------------
SAMOTH OILFIELD INC. ("SCD")
(formerly Samoth Oilfield Inc. ("SCD.P"))
BULLETIN TYPE: Qualifying Transaction-Completed/New Symbol, Private
Placement-Non-Brokered
BULLETIN DATE: November 5, 2008
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's Qualifying
Transaction described in its Filing Statement dated October 22, 2008. As a
result, at the opening on November 6, 2008, the Company will no longer be
considered a Capital Pool Company. The Qualifying Transaction includes the
following:
Qualifying Transaction-Completed:
Pursuant to an arm's length agreement of purchase and sale dated September
22, 2008 between the Company and Intrepid Energy Corporation ("Intrepid"), the
Company has acquired certain oil and gas assets from Intrepid for a cash
payment of $900,000.
For further information, please see the Company's Filing Statement dated
October 22, 2008 filed on SEDAR.
The Exchange has been advised that the above transaction, which did not
require shareholder approval, has been completed.
In addition, the Exchange has accepted for filing the following:
Private Placement-Non-Brokered:
TSX Venture Exchange has accepted for filing documentation with respect to
a Non-Brokered Private Placement announced July 23, 2008:
Number of Shares: 1,333,334 shares
Purchase Price: $0.15 per share
Warrants: 1,333,334 share purchase warrants to purchase
1,333,334 shares
Warrant Exercise Price: $0.20 for a one year period
$0.20 in the second year
Number of Placees: 9 placees
Insider/Pro Group Participation:
Insider equals Y/
Name ProGroup equals P No. of Shares
West One Limited Y 266,667
(Leonard Jaroszuk)
Paul Patton Y 66,666
Capitalization: Unlimited shares with no par value of which
11,333,334 shares are issued and outstanding
Escrow: 6,650,000 shares
Symbol: SCD (same symbol as CPC but with .P removed)
The Company is classified as an "oil and gas exploration, development and
production" company.
TSX-X
-------------------------------
SEARCHGOLD RESOURCES INC. ("RSG")
BULLETIN TYPE: Property-Asset or Share Purchase Agreement
BULLETIN DATE: November 5, 2008
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation relating to an
option agreement dated September 18, 2008, under which Somika SARL (the
"Vendor") has granted the Company an option to acquire the Arae-Gassel
property located in northern Burkina Faso.
Under the terms of the option agreement, in order to exercise the option
the Company must pay the Vendor a total of US$110,000 in cash (US$50,000 upon
signature and US$30,000 on each date falling six and twelve months thereafter)
and issue to the Vendors a total of 800,000 common shares (200,000 shares upon
signature and 600,000 on the date falling twelve months thereafter). The
Company must also incur a total of US$750,000 in exploration expenses within
the first twelve months.
Following the option's exercise, the Vendor will retain a 3% Net Smelter
Royalty, which the Company may purchase for US$500,000 per tranche of 0.5% (up
to a maximum of US$1,500,000 for 1.5%).
For further information please refer to the Company's press release dated
October 22, 2008.
RESSOURCES SEARCHGOLD INC. ("RSG")
TYPE DE BULLETIN : Convention d'achat de propriété, d'actif ou d'actions
DATE DU BULLETIN : Le 5 novembre 2008
Société du groupe 2 de TSX Croissance
Bourse de croissance TSX a accepté le dépôt de documents en vertu d'une
convention d'option datée du 18 septembre 2008, selon laquelle Somika SARL (le
"vendeur") a octroyé à la société l'option d'acquérir la propriété Arae-Gassel
située dans le nord du Burkina Faso.
En vertu de l'entente, pour exercer l'option la société doit payer au
vendeur un montant total de 110 000 $US en espèces (50 000 $US lors de la
signature et 30 000 $US sur chacune des dates tombant six et douze mois après)
et émettre au vendeur un total de 800 000 actions ordinaires (200 000 actions
à la signature et 600 000 actions douze mois après) La société doit aussi
réaliser 750 000 $US en dépenses d'exploration dans les premiers douze mois.
Suite à l'exercice de l'option, le vendeur conservera un revenu net de
fonderie (NSR) de 3 %, que la société pourra racheter pour 500 000 $US par
tranche de 0,5 % (jusqu'à un maximum de 1 500 000 $US pour 1,5 %).
Pour plus d'information, veuillez référer au communiqué de presse émis par
la société le 22 octobre 2008.
TSX-X
-------------------------------
SKYGOLD VENTURES LTD. ("SKV")
BULLETIN TYPE: Prospectus-Unit Offering, Prospectus-Share Offering
BULLETIN DATE: November 5, 2008May 11, 2001
TSX Venture Tier 2 Company
Effective July 24, 2008, the Company's Prospectus dated July 24, 2008 was
filed with and accepted by TSX Venture Exchange, and filed with and receipted
by the Alberta, BC and Ontario Securities Commission, pursuant to the
provisions of the Alberta, B.C. and Ontario Securities Acts.
TSX Venture Exchange has been advised that closing occurred on July 31,
2008, for gross proceeds of $11,031,600.
Agents: National Bank Financial Inc.
PI Financial Corp.
Offering: 5,000,000 units, each unit consisting of one
share and one half of one warrant. Each whole
warrant to purchase one additional common share;
and 13,386,000 flow-through shares.
Unit Price: $0.60 per unit
$0.60 per flow-through share
Warrant Exercise
Price/Term: $0.70 per share to July 31, 2010
Agents' Warrants: 1,195,090 non-transferable warrants exercisable
to purchase one share at $0.60 per share to
July 31, 2009.
Greenshoe Option: 360,000 additional share purchase warrants were
issued at a price of $0.12 per share purchase
warrant for additional gross proceeds of $43,200
pursuant to the partial exercise of the over-
allotment option granted to the Agents.
TSX-X
-------------------------------
TENTH POWER TECHNOLOGIES CORP. ("TPI")
BULLETIN TYPE: Private Placement-Non-Brokered, Amendment
BULLETIN DATE: November 5, 2008
TSX Venture Tier 2 Company
Further to TSX Venture Exchange Bulletins dated February 5, 2008 and March
19, 2008, please note the following amendments:
Number of Shares: The number of shares should have read: 3,161,875
shares
Warrants: The number of warrants should have read:
3,161,875 warrants
All other terms and conditions remain the same.
TSX-X
-------------------------------
TRUE NORTH GEMS INC. ("TGX")
BULLETIN TYPE: Private Placement-Non-Brokered, Amendment
BULLETIN DATE: November 5, 2008
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange Bulletin dated November 3, 2008, the
Exchange has accepted an amendment with respect to a Non-Brokered Private
Placement announced October 30, 2008:
Finder's Fee: $27,125 and 271,250 finder's warrants payable to
Jennings Capital Inc.
$26,600 and 266,000 finder's warrants payable to
Dundee Securities Corporation
Finder's warrants are exercisable at a price of
$0.10 for a two year period.
TSX-X
-------------------------------
NEX COMPANIES
BULLETIN TYPE: Listing Maintenance Fees - Halt
BULLETIN DATE: November 5, 2008
NEX Companies
As of October 31, 2008, NEX has not received payment of the fourth quarter
NEX listing maintenance fee from the following trading issuers.
In accordance with NEX Policy, Section 15, at the open of business on
Thursday, November 6, 2008, the securities of the issuer will be halted from
trading for failure to pay the listing maintenance fee. In addition, an issuer
halted for failure to pay the listing maintenance fee will be subject to a
processing fee of $250.00 + GST to be brought back to trade.
If payment is not made within 10 business days of being halted, the issuer
will be suspended from trading without further notice. Once an issuer is
suspended from trading, it will be subject to a reinstatement review, which
must be accompanied by the applicable fee of $500.00 + GST.
If the issuer has any questions regarding this halt, please contact:
Gary Lee,
Manager, NEX
Phone 604-488-3126
Fax 604-844-7502
--------------------------------------------------
Issuer Name Symbol
--------------------------------------------------
CHAMPION COMMUNICATION SERVICES INC. ("CHP.H")
--------------------------------------------------
INTERNATIONAL ALLIANCE RESOURCES INC ("ALL.H")
--------------------------------------------------
MCO CAPITAL INC ("MCO.H")
--------------------------------------------------
SPHERE RESOURCES INC. ("SPH.H")
--------------------------------------------------
TSX-X
-------------------------------
>>
SOURCE: TSX Venture Exchange
Market Information Services at 1-888-873-8392, or email: information@venture.com
Tags: acquisition alberta broker burkina faso business calgary canada capitalization consulting corporate dealer debentures debt energy exercise exploration finance gold market note oil and gas oilfield ontario policy Private Placement property securities trade
Companies: TSX Group Inc (X)
Adivent Selected by Aztek Networks for Sales Outsourcing Support for European Telecom Market
BERN, Switzerland and BOULDER, Colo., Nov 10, 2008 /PRNewswire via COMTEX/ --
Adivent (http://www.adivent.com), a European sales outsourcing company focused on the telecom market, has signed Aztek Networks (http://www.azteknetworks.com) as a new customer for its SalesTargetWatch services. Aztek, the leader in telecommunications switch consolidation solutions for network migration, contracted with Adivent to conduct in-depth market and sales analysis as a first step toward expanding sales efforts into the European telecom arena.
"Having spent the majority of my career building start-ups within the telecom industry, I know the European market offers both great opportunity and significant challenges," said Steven Bruny, president and CEO at Aztek. "With Adivent, we can take an incremental, fact-based approach to expansion that previously was very hard to accomplish and extremely expensive to do in-house. We are very pleased to have an experienced partner like Adivent helping guide our expansion plans within the highly fragmented and culturally diverse European market."
Adivent offers a new alternative that streamlines the sales and operations process and allows telecom suppliers to quickly establish a sales presence in Europe at a fraction of the time and cost it typically takes using traditional methods. The Adivent SalesTargetWatch service allows North American firms, like Aztek, to closely monitor target customers and identify new sales opportunities without the unpredictable costs and high risks involved in setting up a local sales force. Adivent will collect, analyze and report on developments that may lead to sales opportunities, such as the adoption of new technologies, spending plans, internal balances of power, or failures on the part of the competition.
"Aztek Networks offers a very innovative alternative to network migration equipment that can help drive network efficiency and improved customer service," said Gianni Burzi, managing partner at Adivent. "Unlike emerging companies that may expand on a hunch, Aztek is embarking on a thorough analysis that will lead to a business case on whether or not to expand into Europe, timing and market issues, and potential telecom prospects that may have an immediate need for its solutions."
About Aztek Networks
Based in Boulder, Colorado, Aztek Networks is the leader in telecommunications switch consolidation solutions for network migration. The company's patent-pending True Emergency Stand Alone (ESA)(TM) technology is the basis for the first and only truly open-standards, environmentally hardened and fully redundant ESA switch. Aztek's TDM and IP-based ESA switches, when combined with fiber-to-the-home or broadband multi-service access systems, offer telecommunications carriers reliable and cost-effective solutions for green-field access applications and the replacement of legacy remote switches. More information is available at http://www.azteknetworks.com
About Adivent
Adivent offers a highly defined set of sales outsourcing services designed to help telecom vendors increase sales among the leading service providers in Europe. Based on its extensive network of contacts, certified sales skills and proven track record, Adivent assumes much of the risk small- to mid-sized software and hardware suppliers' face when establishing a Europe-based sales organization or channel strategy. From targeted sales research and coaching to channel partner and sales force deployment, Adivent helps customers develop sales strategies and operational sales forces that are focused, results-driven and leverage years of experience selling into the largest telecom providers in Europe. For more information visit: http://www.adivent.com.
Media Contact:
Guy Murrel
Catapult PR-IR
gmurrel@catapultpr-ir.com
O: (303) 581-7760
M: (303) 808-7793
SOURCE Adivent
http://www.adivent.com
Tags: bandwidth business career ceo colorado emergency europe expansion hardware local market media patent president research sales software technology telecom telecommunications track
Westcore Announces Coal Permit Acquisitions as Qualifying Transaction - Zibb.com
CALGARY, ALBERTA, Aug 21, 2008 (Marketwire via COMTEX) --
WESTCORE ENERGY LTD. (the "Corporation" or "Westcore") (TSX VENTURE:WTR.P), a capital pool company, is pleased to announce that it has entered into a binding letter agreement (the "Agreement") dated August 20, 2008 with several private parties regarding the acquisition of all rights, title and interests held by such parties in certain Saskatchewan coal permits and certain Crown coal rights in the Province of Manitoba that are expected shortly to be granted to such persons (such properties are collectively referred to as the "Assets"). The Assets are adjacent to the claim block hosting the coal discovery previously announced by Goldsource Mines Inc. and are further described below. The acquisition of the Assets will be Westcore's qualifying transaction (the "Qualifying Transaction") pursuant to the policies of the TSX Venture Exchange (the "Exchange"). The vendors of the Assets are Ken MacNeill, BEC International Corporation, Lakeco Holdings Ltd. and T & N Holding Inc. (such parties are collectively referred to as the "Vendors"). Mr. William MacNeill is the principal shareholder of BEC and Lakeco and Mr. Tom MacNeill is the principal shareholder of T&N. Each of the foregoing individuals is a resident of Saskatoon, Saskatchewan.
Pursuant to the Agreement, as consideration for the acquisition of the Assets, Westcore has agreed to issue an aggregate of 8,000,000 common shares in the capital of Westcore to the Vendors at an ascribed price of $0.30 per share and to grant the Vendors a gross overriding royalty of $2.00 per tonne of coal produced from the Assets (with no deductions). In addition, upon closing of the Qualifying Transaction, Westcore will replace a letter of credit presently posted by the Vendors with Manitoba Industry, Economic Development and Mines in connection with the Manitoba portion of the Assets and will make additional payments of approximately $194,000, which represents certain payments made by the Vendors in connection with the acquisition and preliminary assessment of the Assets.
As Westcore currently has an aggregate of 9,500,000 common shares issued and outstanding, together with 200,000 stock options and 125,000 agent's options (issued in connection with its initial public offering), it is expected that upon closing of the Qualifying Transaction, the outstanding share capital of Westcore will consist of 17,500,000 common shares, 200,000 stock options and 125,000 agent's options. Westcore does not presently anticipate completing any further financings concurrent with the closing of the Qualifying Transaction, as it anticipates having sufficient capital to complete the first phase of its expected exploration plan (which is described further below). Westcore's cash on hand as at the date hereof is approximately $1.25 million.
As Messrs. Tom MacNeill and William MacNeill each hold, directly or indirectly, greater than 10% of the issued and outstanding securities of the Corporation, the Qualifying Transaction will be a related party transaction. Accordingly, a valuation will need to be completed in connection with the Qualifying Transaction and the Qualifying Transaction will be subject to approval by a majority of the minority of the shareholders of the Corporation. Upon completion of the Qualifying Transaction, it is anticipated that Mr. Tom MacNeill and Mr. William MacNeill will hold, directly and indirectly, approximately 8.0% and 5.7%, respectively, of the issued and outstanding common shares of the Corporation. Westcore intends to apply to the Exchange for a waiver from the requirement to retain a Sponsor in connection with the Qualifying Transaction, but there is no assurance that such a waiver will be granted.
An information circular in respect of the proposed Qualifying Transaction will be prepared and filed in accordance with Policy 2.4 of the Exchange on SEDAR at www.sedar.com and mailed to shareholders in advance of a meeting thereof that will be held for the purposes of approving the Qualifying Transaction on a majority of the minority basis. A press release will be issued once the information circular has been filed as required pursuant to the Exchange policies.
Completion of the Qualifying Transaction is subject to a number of conditions, including, but not limited to: the satisfaction of the minimum listing requirements of the Exchange; Exchange approval of the Qualifying Transaction; a satisfactory due diligence review by Westcore; receipt of permits in respect of the Manitoba portion of the Assets; receipt of a report completed in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"); receipt of a satisfactory valuation; completion or waiver of sponsorship; the entering into of a definitive purchase and sale agreement; the approval of the board of directors of Westcore; and the approval of a majority of the minority of the shareholders of the Corporation.
The common shares of the Corporation will remain halted pending receipt by the Exchange of certain required materials from the Corporation. The Corporation will issue a further news release upon finalization and filing of the aforementioned report pursuant to NI 43-101.
The Assets
The Assets are located in the Provinces of Saskatchewan and Manitoba, north and east of the town of Hudson Bay, Saskatchewan and immediately adjacent to the north, south and east sides of the claim block hosting the coal discovery previously announced by Goldsource Mines Inc. Permits have been granted in respect of the coal leases that comprise the Saskatchewan portion of the Assets (the "Saskatchewan Permits") and the Vendors have applied for the grant of Crown coal rights in respect of the Manitoba portion of the Assets. The grant of such rights is pending. The Vendors have advised that they are not aware of any circumstances that would prevent the grant of such rights. To the best of the Vendors' and Westcore's knowledge, there has been no mining activity to date on the properties that comprise the Assets. The only expenditures incurred by the Vendors to date consist of the fees paid to Saskatchewan Industry and Resources in respect of the Saskatachewan Permits (approximately $94,000) and roughly $36,000 in connection with certain airborne geophysical operations. Approximately $64,000 is expected to be incurred in connection with additional geophysical surveys, photo geological studies and other related analysis. The Vendors have also posted a letter of credit in the amount of $486,000 with Manitoba Industry, Economic Development and Mines in connection with the Manitoba portion of the Assets. Pursuant to the Agreement, the Corporation will assume this letter of credit upon closing of the Qualifying Transaction. It is expected that further expenditures will be incurred in respect of the Assets prior to closing of the Qualifying Transaction.
The Saskatchewan Permits allow the holder thereof to explore the area for coal and cover a period of one year with two possible six-month extensions and convertible to a 15-year lease. Total acreage of the lands comprising the Assets is approximately 200,835 acres (81,277 hectares).
The Vendors have engaged MineTech International Limited ("MineTech") for the purposes of completing a report in accordance with NI 43-101. That report will include a proposed budget for the exploration and development of the Assets. Based on the Vendor's preliminary assessments of the Assets and their discussions with MineTech, it is anticipated that the first exploration phase will consist of geophysical surveying, airborne geophysics, permitting, photo geological studies, environmental studies and related fees and expenses and that the budget for completion of this phase will be approximately $300,000. It is expected that the Corporation will be able to cover the costs of this program with its existing resources, but should the phase one budget be greater than this amount, the Corporation may need to obtain further financing.
Proposed Management
Westcore's current management will continue as officers and directors of the Corporation upon completion of the Qualifying Transaction. Accordingly, the directors of the Corporation upon closing of the Qualifying Transaction will be Paul Conroy, Derek Batorowski and Raymond Hodgkinson. Mr. Conroy will continue to serve as President and Chief Executive Officer and Mr. Batorowski will serve as Chief Financial Officer and Corporate Secretary. Westcore will add at least one additional independent director prior to closing the Qualifying Transaction. Candidates for such appointment are presently being considered and once determined an announcement will be made to such effect and that individual will be nominated for election upon closing. The following are brief descriptions of the current directors and officers that will, collectively, continue to bear management responsibility for the Corporation upon completion of the Qualifying Transaction:
Paul Conroy - President, Chief Executive Officer and Director. Mr. Conroy is the founder and President of Westcore Energy Ltd. Mr. Conroy is currently a self-employed consultant providing services to a mining project located near Tubutama, Mexico through Mineramex, a private British Virgin Island corporation. He was the founder and CEO of an oil and gas exploration company, Nemco Exploration Ltd. (TSX). Over the past 30 years he has been involved in numerous resource companies holding the positions of principal, officer and director.
Derek Batorowski - Director, Chief Financial Officer and Corporate Secretary. Mr. Batorowski currently serves as a Director of the Corporation and upon closing of the Qualifying Transaction, he will be appointed the Chief Financial Officer of the Corporation. He is currently employed as the Chief Financial Officer by Aztek Energy Ltd. (TSXV). He is also presently serving on the Board of Directors of Milagro Energy Inc. (TSX). Since 1993, he has held accounting positions with EnCana Corporation and Birchill Resources Limited. Mr. Batorowski received his Business Administration Diploma from Mount Royal College in Calgary, Alberta in 1989. He has been a member of the Certified General Accountants Association of Alberta since June 21, 2000.
Raymond Hodgkinson - Director. Mr. Hodgkinson is a Director of the Corporation. He was the Vice- President, Engineering and Chief Operating Officer of Aztek Energy Ltd. from October 2005 to February 2007. Mr. Hodgkinson received his Bachelor of Science in Engineering from the University of Calgary in June 1977. He has been a member of the Alberta Association of Professional Engineers, Geologists and Geophysysicists of Alberta.
Other Information
Completion of the transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and if applicable pursuant to Exchange Requirements, majority of the minority shareholder approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the management information circular to be prepared in connection with the transaction, any information released or received with respect to the Qualifying Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.
The Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.
Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities laws, neither the Vendors nor the Corporation will update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Corporation.
SOURCE: Westcore Energy Ltd.
Westcore Energy Ltd. Paul Conroy, President, Chief Executive Officer Chief Financial Officer and Corporate Secretary (403) 697-4005 (403) 263-0271 (FAX)
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Companies: Westcore Energy Ltd (WTR/P)
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