www.streetinvesting.comThis sounds more like a promotional tool for www.streetinvesting.com.
I hope We / Gold Summit is getting more than this for the $ spent on promotion.
www.streetinvesting.com: Gold Summit Corporation Development Update
Jun 07, 2006 (M2 PRESSWIRE via COMTEX News Network) --
Streetinvesting.com is the author of this release. Our goal is to educate, inform and initiate a creative philosophy of investment tactics. This release is a result of Gold Summit Corporation's (TSX-V:GSM) latest corporate developments and their recent trading activity, up 6.38% on Tuesday, with an above average 140,000 shares traded by the day's closing bell. Streetinvesting.com strives to help investors seek a diversified portfolio by introducing techniques to help grasp a better understanding and concept of the market and the daily activities that a company experiences. To learn more and become part of the acclaimed online financial newsletter community, visit www.streetinvesting.com for a complimentary subscription.
Gold Summit's portfolios of high grade, bonanza-style, gold/silver properties are very similar to some notable discoveries in the past decade, including the very prolific Ken Snyder Mine at Midas.
A new generation of these bonanza vein deposits mined underground have already demonstrated profitability. Underground mines have a much smaller surface impact than open-pit deposits, making them easier to permit and more socially acceptable.
Several of Gold Summit's properties were explored for shallow, open-pit deposits but their underground, bonanza vein potential remains untested. The company plans extensive diamond drilling of the numerous high grade outcropping veins already identified, with many more such targets in the pipeline. Gold Summit continues to evaluate new prospects brought in by its widespread professional contacts.
Streetinvesting.com's interest in this exploration company stems from their announcement in the latter half of May that they had retained Contact Financial Corporation, Vancouver, BC, to provide investor relations services. Contact Financial has no relationship, direct or indirect interest, or right to acquire such an interest in Gold Summit. Contact Financial will actively focus on shareholder and investment specialist communications.
Having already commenced, Contact Financial will provide investor relations services for an initial period of six months ending October 31, 2006. Thereafter, the arrangement may be terminated by either party with 30 days advance written notice. In consideration of its services, Contact Financial will be paid a monthly fee of $7,500 plus GST, and will be reimbursed for authorized expenses. Subject to required regulatory approvals, Contact Financial will also be granted incentive stock options to purchase up to 150,000 shares at an exercise price of $0.24 per share, expiring on May 19, 2011. The options will vest in stages over a 12-month period, with no more than one-quarter of the options vesting in any three-month period.
Contact Financial, based out of Vancouver, B.C., provides clients with a comprehensive investor relations strategy, focusing on strengthening lines of communication between its client, its shareholders and potential new shareholders, while increasing market awareness throughout the investment community. In addition to the options granted to Contact Financial, the Company has also granted 950,000 options to directors, officers, employees and consultants at an exercise price of $0.24 per share, expiring on May 19, 2011.
This is of such interest to...
Please visit www.streetinvesting.com for a complimentary subscription to access this issuance and other related in-depth articles. Please note that membership does not require credit card information nor does it require a commitment to our service.
We have initiated this news release as a tool to keep investors informed about the market. The information contained herein comes from an unbiased perspective and we do not have a vested interest in the companies mentioned in this release. Becoming a member to www.streetinvesting.com will give you access to all the on-going information and investment news that we come across.
Investors wishing to seek a different approach to their investment theories and concepts and to be informed of unique investment opportunities should also visit www.streetinvesting.com for a free membership.
About Street Investing
Streetinvesting.com has now become a leading online financial newsletter community with thousands of investors from around the world. Our goal is to bring our theories and techniques to investors seeking a different and unique approach to investment ideas. We have a research team that has been built upon the premise of finding companies that we feel may interest investors looking for that unique and tactical edge. More information can be found on our website at www.streetinvesting.com
If you have been brought here under false pretense, please let our staff know by emailing us at support@streetinvesting.com. Please feel free to visit our site for more information and a free membership.
This news release shall not constitute an offer to sell or the solicitation of any offer to buy securities in any jurisdiction.
All material herein was prepared by Streetinvesting.com (Street Investing) based upon information believed to be reliable. The information contained herein is not guaranteed by Streetinvesting.com to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Streetinvesting.com is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. Streetinvesting.com may receive compensation in cash or shares from independent third parties or from the companies mentioned.
Streetinvesting.com will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission.
You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Streetinvesting.com undertakes no obligation to update such statements.
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at https://www.presswire.net on the world wide web. Inquiries to info@m2.com.
(C)1994-2006 M2 COMMUNICATIONS LTD