First Quarter Stock Dividend Declared by Rapidly Expanding City Capital Corporation
FRANKLIN, TN–(MARKET WIRE)–Apr 23, 2007 — City Capital Corp (OTC BB:CCCN.OB – News) board today approved a stock dividend, to be awarded in the form of five shares of stock for every 100 shares owned at the end of business April 30, 2007. City Capital has experienced dramatic growth since Ephren Taylor assumed the Chairman and CEO roles in early 2006. During Taylor’s first full year as CEO, shareholder value increased 865%. At year-end 2006, the company showed a 305% total net asset value return.
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http://stockguru.com/profiles/cccn/news.php
General Metals Corporation (OTCBB: GNLM)
General Metals Announces Closing of Unit Private Placement and Commencement of Phase 1 Drilling
RENO, Nev.–(BUSINESS WIRE)–General Metals Corporation (the “Company”) (OTCBB:GNLM – News) announced that on April 23, 2007, it completed a private placement of 1,060,000 units to three investors for total proceeds of $265,000. Each Unit consists of two common shares in the capital of the Company and one common share purchase warrant (each, a “Warrant”) subject to adjustment. Each Warrant shall be non-transferable and shall entitle the holder thereof to purchase one share of common stock in the capital of the Company (each, a “Warrant Share”), as presently constituted, for a period of twelve months commencing from the effective date of a registration statement pertaining to the Warrant Shares, at a price per Warrant Share of U.S. $0.125. The proceeds of the private placement will be used for general corporate purposes.
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http://stockguru.com/profiles/gnlm/news.php
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