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<title>NGNews - 20 latest press releases/reports</title>
<link>http://www.ngnews.se</link><description>20 latest press releases/reports from www.ngnews.se</description>
<language>en</language>
<copyright>Nordic Growth Market NGM AB 2006</copyright>
<lastBuildDate>02 Sep 2010 17:17:20 +0100</lastBuildDate>
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<title>NGNews - 20 latest press releases/reports</title>
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<title><![CDATA[LUNDIN MINING: LUNDIN ANNOUNCES AMENDMENT TO CREDIT AGREEMENT TO INCREASE FACILITY TO US$300 MILLION AND EXTEND TERM TO 2013]]></title>
<link>http://www.ngnews.se/en/default.asp?lngeditid=54710</link>
<description><![CDATA[Toronto, September 2, 2010 (TSX: LUN; OMX: LUMI) Lundin Mining Corporation ("Lundin Mining") today announced that it has executed an amended and restated credit agreement (the "Amended Credit Agreement") that increases the amount of its revolving credit facility (the "Facility") to US$300 million from $225 million, reduces its costs of borrowing and extends the term of the Facility to September 2013 from May 2012.]]></description>
<guid>http://www.ngnews.se/en/default.asp?lngeditid=54710</guid>
<pubDate>02 Sep 2010 15:29:52 +0100</pubDate>
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<title><![CDATA[VOSTOK NAFTA: NET ASSET VALUE AS OF AUGUST 31, 2010: USD 4.93 (SEK 36.35) PER SHARE]]></title>
<link>http://www.ngnews.se/en/default.asp?lngeditid=54705</link>
<description><![CDATA[Net asset value per share: USD: 4.93, SEK: 36.35

Change in net asset value (USD/share) August 2010: -1.60%

RTS index development, August 2010: -3.90%

Three largest holdings, August 31, 2010 (Share of Portfolio):
1. Black Earth Farming 18.2% 
2. TNK-BP Holding 18.1%
3. Kuzbassrazrezugol 9.7%
]]></description>
<guid>http://www.ngnews.se/en/default.asp?lngeditid=54705</guid>
<pubDate>02 Sep 2010 08:00:47 +0100</pubDate>
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<title><![CDATA[ROTTNEROS: ROTTNEROS GOES AHEAD WITH ITS INVESTMENT PLAN FOR VALLVIK MILL]]></title>
<link>http://www.ngnews.se/en/default.asp?lngeditid=54694</link>
<description><![CDATA[The Board of Rottneros has approved an investment of SEK 60m for a new biological water treatment plant at Vallvik Mill. This investment is one of the stages of the investment programme presented at the end of 2009, at the time of the new share issue.]]></description>
<guid>http://www.ngnews.se/en/default.asp?lngeditid=54694</guid>
<pubDate>01 Sep 2010 12:00:02 +0100</pubDate>
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<title><![CDATA[LUNDIN MINING: LUNDIN REPORTS 2010 RESERVE & RESOURCE ESTIMATE]]></title>
<link>http://www.ngnews.se/en/default.asp?lngeditid=54685</link>
<description><![CDATA[Toronto, August 31, 2010 (TSX: LUN; OMX: LUMI) Lundin Mining Corporation ("Lundin" or the "Company") today reported its mineral reserve and resource estimates as at June 30, 2010, six months after the last release as at December 31, 2009.  As advised when releasing the December estimates, Lundin has changed the timing of its mineral reserve and resource estimate to align the timing of updates with its annual planning process. Updates will occur annually hereafter.]]></description>
<guid>http://www.ngnews.se/en/default.asp?lngeditid=54685</guid>
<pubDate>31 Aug 2010 15:30:01 +0100</pubDate>
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<title><![CDATA[SHELTON PETROLEUM AB: PRIVATE PLACEMENT COMPLETED]]></title>
<link>http://www.ngnews.se/en/default.asp?lngeditid=54664</link>
<description><![CDATA[(NGM:SHEL B)

Board of Directors in Shelton Petroleum has resolved to complete a private placement of 15 million shares. The company will receive approximately SEK 10.6 million before issue costs. The proceeds will be used in the company's drilling program in Bashkiria.]]></description>
<guid>http://www.ngnews.se/en/default.asp?lngeditid=54664</guid>
<pubDate>27 Aug 2010 10:45:54 +0100</pubDate>
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<title><![CDATA[SOTKAMO SILVER: SUMMARY OF INTERIM REPORT JANUARY - JUNI 2010]]></title>
<link>http://www.ngnews.se/en/default.asp?lngeditid=54656</link>
<description><![CDATA[(NGM:SOSI)

Summary of key events

-	For the period January - June 2010 Group sales were SEK 77, net income 19 883 kSEK  and earnings per share was 0.13 SEK. 

-	Liquid funds on 2010-06-30 was 18 508 (92) kSEK.

-	Funds spent in January - June 2010 amounted to 5 100 kSEK.

-	Upon completion of financial, legal and technical review the Company completed the acquisition of Silver Resources Oy. The acquisition occurred during April and reported in Q2 2010 as a "reverse take over". The Group is reported, as the Silver Recourses Oy was the parent company.

-	The Company appointed Timo Lindborg as the new CEO.

-	The trading of warrants began on the NGM Equity stock exchange and Burgundy marketplace.

-	At an Extraordinary General Meeting was decided to change the corporate name to Sotkamo Silver AB (publ) and amend § 9 and § 10 in the Articles of Association.

-	The company invests in Taivaljärvi Silver Mine's infrastructure, the draining operation of the mine decline and core drilling programs.]]></description>
<guid>http://www.ngnews.se/en/default.asp?lngeditid=54656</guid>
<pubDate>26 Aug 2010 13:59:51 +0100</pubDate>
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<title><![CDATA[SHELTON PETROLEUM AB: INTERIM REPORT JANUARY - JUNE 2010]]></title>
<link>http://www.ngnews.se/en/default.asp?lngeditid=54650</link>
<description><![CDATA[(NGM:SHEL B)

*	The RS#2 well in Bashkiria has been completed
*	New price regime in Ukraine increases price on oil by 40%
*	Application submitted to migrate listing to Nasdaq OMX Nordic Main Market
*	SEK 30 million raised through a private placement
*	Shelton Petroleum is actively pursuing expansion opportunities in Russia and Ukraine
*	Revenue for the period January-June: SEK 19 (0) million 
*	Profit for the period after tax: SEK 0 (-9) million 
*	Basic and diluted earnings per share: SEK 0.00 (-0.09)  
]]></description>
<guid>http://www.ngnews.se/en/default.asp?lngeditid=54650</guid>
<pubDate>26 Aug 2010 08:54:39 +0100</pubDate>
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<title><![CDATA[FINGERPRINT CARDS: FROST & SULLIVAN'S BEST PRODUCT LINE STRATEGY AWARD GOES TO FINGERPRINT CARDS AB]]></title>
<link>http://www.ngnews.se/en/default.asp?lngeditid=54648</link>
<description><![CDATA[Fingerprint Cards (FPC) has received the Best Practice Award for Product Strategy from the business research firm Frost & Sullivan.]]></description>
<guid>http://www.ngnews.se/en/default.asp?lngeditid=54648</guid>
<pubDate>26 Aug 2010 08:03:39 +0100</pubDate>
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<title><![CDATA[TETHYS OIL: REPORT FOR THE PERIOD 1 JANUARY 2010 - 30 JUNE 2010]]></title>
<link>http://www.ngnews.se/en/default.asp?lngeditid=54593</link>
<description><![CDATA[HIGHLIGHTS 

*	On May 19th, Tethys entered into a Farmout Agreement with Mitsui E&P Middle East B.V., a subsidiary of Mitsui & Co. Ltd., whereby Mitsui acquired 20 percent of the licence covering Blocks 3 and 4. The purchase price amounted to MUSD 20 in cash, which Tethys received upon completion of the deal after the reporting period. In addition Mitsui undertook to fund Tethys' share of capital expenditures up to MUSD 60 on the Blocks effectively from January 1st 2010

*	The Saiwan East-3 well tested 10,714 barrels of oil per day

*	Independent third party resource audit over Blocks 3 and 4 gives an on Block contingent resource of 42 million barrels of conventional oil

*	Saiwan East-4 successfully drilled - encounters several oil bearing layers 

*	Farha South Early Production System commences pilot production from Farha South-3 well 

*	Tethys Oil has in early July, after the reporting period, received TSEK 47,326 from 2,057,653 exercised warrants. Total number of shares in Tethys Oil after the dilution from the exercise of warrants amounts to 32,504,489 shares
										
*	As at 30 June 2010 there have been no sales of oil and gas in Tethys Oil, nor for the equivalent period of last year

*	Result for the first half year of 2010 amounted to TSEK 8,333 (TSEK -28,172 for the corresponding period last year) and TSEK 15,017 (TSEK -29,740) for the second quarter

*	Earnings per share amounted to SEK 0.28 (SEK -1.13) for the first half of 2010 and SEK 0.50 (SEK -1.17) for the second quarter

*	Cash and cash equivalents as per 30 June 2010 amounted to TSEK 3,604 (TSEK 13,620). As per reporting date, 20 August 2010, cash and cash equivalents amount to MSEK 220 following from the completion of the farmout of Blocks 3 and 4. Oil and gas investments amounted to TSEK 42,695 (TSEK 51,982) mainly related to Oman, Blocks 3 and 4]]></description>
<guid>http://www.ngnews.se/en/default.asp?lngeditid=54593</guid>
<pubDate>20 Aug 2010 09:06:37 +0100</pubDate>
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<title><![CDATA[TETHYS OIL: SAIWAN EAST-4 ENCOUNTERS SEVERAL OIL BEARING LAYERS]]></title>
<link>http://www.ngnews.se/en/default.asp?lngeditid=54592</link>
<description><![CDATA[- THE WELL TO BE TESTED LATER THIS YEAR
- RIG MOVES ON TO DRILL FARHA SOUTH -4 

The Saiwan East-4 well ("SE-4") on Block 4 onshore the Sultanate of Oman has successfully been drilled and preliminary results evaluated. The well was drilled 2.9 kilometers to the southeast of the Saiwan East-3 well to a total depth of 2,463 metres. Several oil bearing layers were encountered including the Khufai limestone formation from which 78 metres of core was extracted. Above the Khufai formation oil was also encountered in the Buah and Miqrat formations. Exploration objectives below the Khufai were drilled without any significant oil shows.
]]></description>
<guid>http://www.ngnews.se/en/default.asp?lngeditid=54592</guid>
<pubDate>20 Aug 2010 08:42:45 +0100</pubDate>
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<title><![CDATA[PAYNOVA: PAYNOVA'S ASSOCIATED COMPANY CHINOVA OPENING CHINA TO WESTERN E-MERCHANTS]]></title>
<link>http://www.ngnews.se/en/default.asp?lngeditid=54586</link>
<description><![CDATA[Paynova's associated company in China - Chinova - is holding a seminar for Western e-merchants eager to enter the fast-growing Chinese market. The seminar is being organized together with the Ministry of Commerce of the People's Republic of China (MOFCOM) and ChinaPay, together with Chinova partners Litium, Intertek and Shanghai Media Group.]]></description>
<guid>http://www.ngnews.se/en/default.asp?lngeditid=54586</guid>
<pubDate>19 Aug 2010 16:14:03 +0100</pubDate>
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<title><![CDATA[FINGERPRINT CARDS: INTERIM REPORT FOR THE PERIOD JANUARY - JUNE 2010]]></title>
<link>http://www.ngnews.se/en/default.asp?lngeditid=54576</link>
<description><![CDATA[Fingerprint Cards increased its sales by 67% and gross margin by 51%. In terms of sales, the second quarter represented a break in the upward trend, resulting primarily from the postponement of an order, the progress of which remains uncertain. Previously initiated improvement projects - involving aggressive market programs and new recruitment - continued throughout the quarter, leading to the establishment of an Asian office in Shanghai and a new distribution agreement.
]]></description>
<guid>http://www.ngnews.se/en/default.asp?lngeditid=54576</guid>
<pubDate>19 Aug 2010 07:59:55 +0100</pubDate>
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<title><![CDATA[VOSTOK NAFTA: SIX MONTHS REPORT COVERING THE PERIOD JANUARY 1, 2010-JUNE 30, 2010]]></title>
<link>http://www.ngnews.se/en/default.asp?lngeditid=54564</link>
<description><![CDATA[- Net result for the period was USD 1.00 mln (January 1, 2009-June 30, 2009: 28.44). Earnings per share was USD 0.01 (0.31). Net result for the quarter was USD -82.57 mln (67.16). Earnings per share for the quarter was USD -0.82 (0.73).

- The net asset value of the company was USD 488.68 mln (December 31, 2009: 487.62) on June 30, 2010, corresponding to USD 4.84 (4.83) per share. Given a SEK/USD exchange rate of  7.7891 the corresponding values were SEK 3,806.42 mln and SEK 37.69, respectively.

- The group's net asset value per share in USD increased by 0.21% over the period January 1, 2010-June 30, 2010. During the same period the RTS index decreased by 7.29% in USD terms. During the quarter April 1, 2010-June 30, 2010 the group's net asset value per share in USD decreased by 14.45% (RTS index: -14.83%).

- The number of outstanding shares at the end of the period was 100,990,975.

- The reported net asset value per share of Vostok Nafta as of July 31, 2010 was USD 5.01 (SEK 36.13).   
]]></description>
<guid>http://www.ngnews.se/en/default.asp?lngeditid=54564</guid>
<pubDate>18 Aug 2010 08:50:35 +0100</pubDate>
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<title><![CDATA[GEXCO: GEXCO AB RENAMES TO SOTKAMO SILVER AB]]></title>
<link>http://www.ngnews.se/en/default.asp?lngeditid=54558</link>
<description><![CDATA[(NGM:GXCO)

Pursuant to the resolution passed at the 2010 Annual General Meeting held on 29th June, 2010, the name of Gexco AB has changed to Sotkamo Silver AB effective at the opening of NGM Equity stock exchange in Stockholm, August 23, 2010. The shares and warrants of the Company will continue to trade on the NGM Equity Stock Exchange and at the Burgundy market place.]]></description>
<guid>http://www.ngnews.se/en/default.asp?lngeditid=54558</guid>
<pubDate>17 Aug 2010 09:30:08 +0100</pubDate>
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<title><![CDATA[VOSTOK NAFTA: VOSTOK NAFTA TO RELEASE SECOND QUARTER REPORT WEDNESDAY AUGUST 18, 2010]]></title>
<link>http://www.ngnews.se/en/default.asp?lngeditid=54549</link>
<description><![CDATA[Telephone Conference to be held on Wednesday August 18, 2010 at 16:00 Central European Time (CET)]]></description>
<guid>http://www.ngnews.se/en/default.asp?lngeditid=54549</guid>
<pubDate>16 Aug 2010 13:06:34 +0100</pubDate>
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<title><![CDATA[GEXCO: GEXCO  (SOTKAMO SILVER) HAS COMPLETED A SURFACE CORE DRILLING PROGRAM AT THE TAIVALJÄRVI SILVER MINE]]></title>
<link>http://www.ngnews.se/en/default.asp?lngeditid=54545</link>
<description><![CDATA[(NGM: GXCO)

Gexco AB (under the name change to SOTKAMO SILVER AB) has successfully completed its surface core drilling program at Taivaljärvi Silver Mine area. Drilling was started on the 22nd of June and was completed on the 24th of July. In total some 1640 m of core drilling were performed. Northdrill Oy did all the drilling. Drill cores are logged and will be sampled for the chemical assays. First results of the assays are expected during October. Labtium Oy will do all the assays.]]></description>
<guid>http://www.ngnews.se/en/default.asp?lngeditid=54545</guid>
<pubDate>16 Aug 2010 09:29:58 +0100</pubDate>
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<title><![CDATA[CENTRAL ASIA GOLD: CENTRAL ASIA GOLD´S RIGHTS ISSUE COMPLETED]]></title>
<link>http://www.ngnews.se/en/default.asp?lngeditid=54531</link>
<description><![CDATA[*	Central Asia Gold´s rights issue with preferential rights to the existing shareholders is completed 
*	Through the rights issue Central Asia Gold will receive proceeds amounting to approximately 226 MSEK before transaction costs. 
*	A total of 141 225 000 shares were subscribed in the rights issue

]]></description>
<guid>http://www.ngnews.se/en/default.asp?lngeditid=54531</guid>
<pubDate>11 Aug 2010 17:14:32 +0100</pubDate>
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<title><![CDATA[BLACKPEARL RESOURCES INC.: BLACKPEARL ANNOUNCES SECOND QUARTER 2010 FINANCIAL AND OPERATING RESULTS]]></title>
<link>http://www.ngnews.se/en/default.asp?lngeditid=54520</link>
<description><![CDATA[CALGARY, ALBERTA - BlackPearl Resources Inc. ("BlackPearl" or the "Company") (TSX:PXX) (FIRST NORTH:PXXS) is pleased to announce its financial and operating results for the three and six  months ended June 30, 2010.]]></description>
<guid>http://www.ngnews.se/en/default.asp?lngeditid=54520</guid>
<pubDate>11 Aug 2010 08:34:21 +0100</pubDate>
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<title><![CDATA[SWEDISH BAR SYSTEMS HOLDING: NEW MEMBERS OF THE BOARD AT SWEDISH BAR SYSTEMS HOLDING AB.]]></title>
<link>http://www.ngnews.se/en/default.asp?lngeditid=54515</link>
<description><![CDATA[(NGM: SBAR MTF)

Christian Persson and Dr. Terrence Brown have been elected as new members of the board at Swedish Bar Systems Holding AB annual shareholders meeting 2010-07-30.]]></description>
<guid>http://www.ngnews.se/en/default.asp?lngeditid=54515</guid>
<pubDate>06 Aug 2010 12:00:12 +0100</pubDate>
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<title><![CDATA[SWEDISH BAR SYSTEMS HOLDING: SHARE ISSUE COMPLETED AS PAYMENT FOR THE PURCHASE OF SMS MARKETING SOFTWARE]]></title>
<link>http://www.ngnews.se/en/default.asp?lngeditid=54505</link>
<description><![CDATA[(NGM: SBAR MTF)

In December 2009 Swedish Bar Systems Holding AB (SBS Holding) bought the SMS marketing software "Mese24" from Houndmedia LTD. A share issue has concluded the payment for this software which has now been registered. The total acquisition cost of 700 000 SEK has been converted into shares, issue price 2 öre. This means that the company's share capital has increased by 460 768 SEK and 29 öre and the company's free reserves increased by the difference, 239 231 SEK and 71 öre. Number of outstanding shares increased by 35 million, from 1,571,660,089 shares to 1,606,660,089 shares, series B. The number of shares series A is unchanged at 4.3 million.]]></description>
<guid>http://www.ngnews.se/en/default.asp?lngeditid=54505</guid>
<pubDate>04 Aug 2010 13:24:23 +0100</pubDate>
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