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Follow on Google News | SILA.OB, AFCB, NOC, ROME, CRWEWallstreet.com Stock Report on Friday!One company that is taking advantage of the increase in gold prices and gold demand is Gold American Mining Corp. which has obtained options on promising gold and silver mining sites in both the US and Mexico.
By: Hanson SILA has entered into a $7.5 million equity financing agreement with a European institutional investment group that specializes in backing precious metals and mining ventures. SILA has received funds in the amount of $300,000 in virtue of this agreement and that they still have a balance of $7.2 million that could call upon to fund their exploration and acquisition strategy. During 2010, the company have received total equity subscription proceeds of $500,000. SILA was recently granted an option to mine almost 300 hectares of gold-producing mining sites in Mexico. The Company estimates that there may be more than 1 million ounces of gold and almost 70 million ounces of silver in the Nevada property. The Mexican site is 5 miles north of one of the worlds richest silver mines. With the market for precious metals continuing to climb, companies such as Gold American Mining are positioning themselves and their shareholders for golden riches as well! More about SILA at: www.gold-american.com ***** Athens Bancshares Corporation (the "Company"), the holding company for Athens Federal Community Bank (the "Bank"), today announced its results of operations for the three and six months ended June 30, 2010. The Company's net income for the three months ended June 30, 2010, was $300,000 or $0.11 per share, compared to net income of $583,000 for the same period in 2009. For the six months ended June 30, 2010 the net loss was ($106,000) or ($0.04) per share, compared to a net income of $1.1 million for the six months ended June 30, 2009. ***** Northrop Grumman Corporation has issued Worker Adjustment and Retraining Notifications (WARN) to 52 employees at Naval Air Station Joint Reserve Base New Orleans. The WARN Act requires companies to provide advance notice to employees in the event of potential large layoffs. ***** Rome Bancorp, Inc. (the "Company") , the holding company of The Rome Savings Bank (the "Bank"), announced that the Company's Board of Directors has declared a quarterly cash dividend on its common stock of 9.0 cents ($0.09) per share for stockholders of record at the close of business on August 6, 2010. The dividend is payable on August 20, 2010. Sign Up For Free Stock Alerts At http://crwewallstreet.com/ ************************************************************ THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!Disclaimer: End
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