July 10

Yukon-Nevada Gold Corp. intersects 6.1 meters of 15 g/t gold at Jerritt Canyon, Nevada

Yukon-Nevada Gold Corp. (Toronto Stock Exchange: YNG; Frankfurt Xetra Exchange: NG6) has received very encouraging results from three holes, one drilled in the Smith Mine area, another in the Mahala Basin area and the third hole recently drilled in the Alchem zone near the Marlboro Canyon deposit, all at Jerritt Canyon.

The drill hole in the Smith Mine Exploration area shows promise for further expansion and exploration. Reverse circulation drill hole SH-1192A encountered 20 ft (6.1m) at a grade of 0.438 opt (15g/T) gold. This result confirms and offsets, by about 80 ft (24m) to the west, mineralization cut in 2007 by SH-1178A, 30 ft (9.1m) at 0.415 opt (14.2g/T). This mineralization lies approximately 400 ft (122m) west of the indicated resource and about 1200 ft (366m) west of the current workings in Zone 2 of the Smith Mine. The mineralization in Zone 2 of the Smith mine has largely been dike associated ore within the Hanson Creek formation.
Published: 10 July 2008
Written by Editor
Read more: Yukon-Nevada Gold Corp ( YNG )

July 10th

U.S. Geothermal Announces Successful Completion of First Well at Neal Hot Springs

U.S. Geothermal Inc. (\"U.S. Geothermal\")(Amex: HTM, TSX: GTH), a renewable energy company focused on the production of electricity from geothermal energy, announced today that the first full size production well (NHS-1) at the Neal Hot Springs Project was successfully completed on May 23 and an initial flow test confirms the presence of a geothermal reservoir.

NHS-1 encountered a large, productive, geologic fracture in the Neal Hot Springs geothermal reservoir at 2,287 feet below surface and was completed to a depth of 2,305 feet. Drilling was stopped 375 feet above the original target due to high torque on the drill bit and a total loss of drilling mud returning to the surface.
Published: 10 July 2008
Written by Editor
Read more: U.S. Geothermal Inc ( GTH )

Security Spending and Copyright Legislation To Protect Filmmakers in Transition

POINT ROBERTS, WA and DELTA, BC – July 10, 2008 - DigitalMediaStocks.com, an investor and industry portal for the digital media sector within Investorideas.com, reports on industry developments in the digital media sector. As attention shifts to focusing on the impact of digital downloads of movies and TV, comparable to the dramatic shift in the music industry, how is the industry reacting? From analyst downgrades to new legislation, to shifts in spending in security, the industry is in transition.
Published: 10 July 2008
Written by sandihop
Read more: Digital Media Stocks Sector Close- Up; Digital Downloads of Movies & TV Changing

July 10th

Altus Pharmaceuticals Secures Long-Term Growth Hormone Supply For ALTU-238 Clinical Development and Commercialization

-Altus Pharmaceuticals Inc. (NASDAQ: ALTU), a biopharmaceutical company focused on oral and injectable protein therapeutics for patients with gastrointestinal and metabolic disorders, announced today that it signed a long-term agreement to purchase recombinant human growth hormone (rhGH) for ALTU-238 for development and commercialization. Altus is developing ALTU-238 as a subcutaneously administered, long-acting formulation of rhGH that employs the Company’s proprietary protein crystallization and formulation technology.

The agreement was signed with Sandoz GmbH, a Novartis company. Sandoz supplied rhGH for Altus’ completed Phase 1 clinical trial in healthy adults and the Phase 2 clinical trial in adults with growth hormone deficiency.
Published: 10 July 2008
Written by Editor
Read more: Altus Pharmaceuticals Inc ( ALTU )

July 10th

GSI Group Signs Definitive Agreement to Acquire Excel Technology

GSI Group Inc., (Nasdaq: GSIG) and Excel Technology Inc. (Nasdaq: XLTC) announced today that they have entered into a definitive agreement for GSI to acquire Excel in an all-cash transaction for $32.00 per share, or approximately $360 million, before fees and transaction costs. The offer price represents a 30.2% premium to the average Excel closing share price over the last 30 trading days.

The acquisition will be effected through a cash tender offer for all outstanding shares of Excel common stock at a price of $32.00 per share, followed by a second-step merger in which any untendered shares will be acquired at the same per share price.
Published: 10 July 2008
Written by Editor
Read more: Excel Technology Inc ( XLTC )
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