streetinvesting.com: Review of Boss Power Corwww.streetinvesting.com: Review of Boss Power Corp. vs. the Global Market
Jun 18, 2007 (M2 PRESSWIRE via COMTEX News Network) --
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Wall Street is a little inebriated this Friday by the raise in gasoline costs announced yesterday. Consequently, this specific economic factor boosted an upward flow in consumer prices to a level higher than has been recorded since September 2005. Nonetheless, as the Bulls clusters for a retake of the market, being highly motivated by an ease on inflation rumors, trading indicated a slight change in sentiment for the third day in a row. Slowly but surely, the major indexes are moving out from their bunkers after days and days of plundering from the bears. Boss Power Corp. (TSX-V: BPU) closed even at $ 1.18 with a trading volume of 5,000 this Thursday.
Constant and always on the roll to search for more promising companies on the Canadian Juniors, our equity investigation squad have chosen Boss Power Corp. (formerly Boss Gold International Corp. (NEX:BOG.H)) for your attention as we are interested in the developments occurring in the coming weeks.
On Friday 15th June, 2007, in a press release, Boss Power Corp. announced that it has acquired the Blizzard Uranium Deposit through the acquisition of the Blizzard claim and certain surrounding mineral claims from Santoy Resources Ltd. and Mr. Anthony Beruschi and his private company, Power Resources Corp. Consideration of $105 million was paid by the issuance of a total of 52,500,000 common shares of Boss Power (the "Acquisition Shares") at a deemed price of $2 per share with Santoy receiving 26,250,000 Boss Power shares and Mr. Beruschi and his assigns receiving the remaining 26,250,000 Boss Power shares. The acquisition constitutes a Reverse Take-over ("RTO") under TSX Venture Exchange Policy 5.2 and has received shareholder approval by way of consent. Boss Power's Filing Statement dated May 30, 2007 relating to the RTO is available on SEDAR. Santoy is a British Columbia incorporated company that is listed on the TSX Venture Exchange under the symbol "SAN.V".
Boss Gold International Corp. is a venture company currently focused on exploration and development of high quality precious and base metal properties throughout Canada.
As the week ends on the Street with a more positive note, investors managed to pull the thorn of a probable rate hike from their mind. Last Friday the market had experienced an ounce of mercy, after a long week of bear beating, with news of a narrowing deficit gap. Investors, today, seem to be casting off the negative tittle-tattle impacting on their decision-making and planning for a calm weekend without much financial worries. Streetinvesting.com will stay focused on our goal to provide future news and developments on Boss Power Corp., as we believe some interesting events or announcements will come forth.
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