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www.PicksThatMove.com: "Picks that move" Alerts, July 2, 2009: PZG, GST, ZAAP, SIXFQ, BLGM and WYNX.
(M2 PressWIRE Via Acquire Media NewsEdge) Picksthatmove.com Alerts include Paramount Gold and Silver Corp. (NYSE Amex: PZG); Gastar Exploration Ltd. (NYSE Amex: GST and TSX: YGA); Electric vehicle pioneer ZAP (OTCBB: ZAAP); Six Flags, Inc. (OTC Bulletin Board: SIXFQ); Building Materials Holding Corporation (OTCBB: BLGM) and Waytronx, Inc. (OTC Bulletin Board: WYNX)
-- July 1, 2009 Paramount Gold and Silver Corp. (NYSE Amex: PZG) closed at $1.47 on a volume of 469,698 shares.
Paramount Gold and Silver Corp Amends Morelos Option Agreement
OTTAWA, CANADA, Jul 02, 2009 -- Paramount Gold and Silver Corp. (NYSE Amex: PZG)(TSX: PZG)(FRANKFURT: P6G)(WKN: A0HGKQ) has entered into an amendment of its Property Option Agreement on its Morelos Project situated in the State of Chihuahua, Mexico. The Morelos Project was recently acquired by Paramount and is currently under option to Garibaldi Resources Corp. The amendment eliminates certain payments by Garibaldi and extends the due date for the US$2,000,000 balloon payment to be made by Garibaldi to Paramount. In consideration of the amendments, Garibaldi has agreed to make a one-time payment to Paramount of 400,000 common shares of Garibaldi.
About Paramount Gold and Silver Corp.
Paramount Gold and Silver Corp. is a well financed precious metals exploration company listed on the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE.A) under the symbol "PZG," and quoted on the Deutsche Borse under the symbol "P6G."
-- July 2, 2009 Gastar Exploration Ltd. (NYSE Amex: GST and TSX: YGA) trading at $0.548 on a volume of 8.90M shares.
Gastar Exploration Announces Sale of Australian Assets for $240 Million
Also Announces 1-for-5 Reverse Share Split and Voluntary De-Listing from the Toronto Stock Exchange
HOUSTON, July 2, 2009 -- Gastar Exploration Ltd. (NYSE Amex: GST and TSX: YGA) announced today that it has entered into definitive agreements with Santos QNT Pty Ltd and Santos International Holdings Pty Ltd, affiliates of Santos Ltd (ASX: STO) for the sale of all of Gastar's interest in Petroleum Exploration Licenses 238, 433 and 434 in New South Wales, Australia, along with the sale of the shares of Gastar Power Pty Ltd, the entity holding Gastar's 35% interest in the Wilga Park Power Station. Gross pre-tax proceeds from the transaction are expected to be approximately US $240 million (AU $300 million). Upon final closing, Gastar's net proceeds, after payment of Australian income taxes, is expected to be approximately US $175 million (AU $219 million).
About Gastar Exploration
Gastar Exploration Ltd. is an exploration and production company focused on finding and developing natural gas assets in North America. The Company pursues a strategy combining deep natural gas exploration and development with lower risk CBM and shale resource development. The Company owns and operates exploration and development acreage in the deep Bossier gas play of East Texas and Marcellus Shale play in West Virginia and Pennsylvania. Gastar's CBM activities are conducted within the Powder River Basin of Wyoming. For more information, visit our web site at www.gastar.com.
-- July 1, 2009 Electric vehicle pioneer ZAP (OTCBB: ZAAP) closed at $0.42 on a volume of 113,278 shares.
ZAP Expands Fleet Shipments
Initial Deliveries of Its Unique Zaptruck XL/Payload Shell
SANTA ROSA, CA, Jul 02, 2009 -- Electric vehicle pioneer ZAP (OTCBB: ZAAP) announced today they have shipped a fleet of their Zaptruck XLs, a versatile 100% plug-in electric LSV, equipped with a Payload drop-in shell to Bexar County, San Antonio, Texas.
About ZAP
ZAP has been a leader in electric transportation since 1994, delivering over one hundred thousand vehicles to consumers in more than seventy-five countries. ZAP manufactures a line of electric vehicles, including electric city-cars and trucks, motorcycles, scooters, and ATVs. ZAP sells some of the only electric city-speed cars, trucks and vans in production today and is developing a freeway capable electric vehicle called the ZAP Alias.
-- July 1, 2009 Six Flags, Inc. (OTC Bulletin Board: SIXFQ) closed at $0.14 on a volume of 2,380,825 shares.
Six Flags Expands Partnership With Nintendo
--Visitors to theme parks can play Wii Sports Resort
NEW YORK, July 2, 2009 -- Six Flags, Inc. (OTC Bulletin Board: SIXFQ), the world's largest regional theme park company, announced today that it will expand its partnership with Nintendo and provide theme park guests with the unique opportunity to play the upcoming Wii Sports Resort(TM) video game. The game features 12 different fun sports activities like archery, basketball and table tennis that everyone in the family can play and comes with the new Wii MotionPlus(TM) accessory, which makes games even more precise.
About Six Flags:
Six Flags, Inc. is a publicly-traded corporation headquartered in New York City and is the world's largest regional theme park company with 20 parks across the United States, Mexico and Canada.
-- July 1, 2009 Building Materials Holding Corporation (OTCBB: BLGM) closed at $0.06 on a volume of 643,569 shares.
BMHC Receives Final Court Approval of $80 Million DIP Facility
Balance Sheet Restructuring Continues on Track
BOISE, ID, Jul 02, 2009 -- Building Materials Holding Corporation (OTCBB: BLGM), a leading provider of building materials and construction services to professional residential builders and contractors, today announced that it has received final approval from the U.S. Bankruptcy Court in Delaware to access its new $80 million debtor-in-possession (DIP) financing facility from Wells Fargo Bank and certain of its other existing lenders. BMHC expects the new financing to provide ample liquidity to meet its ongoing obligations to employees, customers, suppliers and subcontractors as it implements a pre-negotiated restructuring of its balance sheet.
About BMHC
BMHC is one of the largest providers of building materials and residential construction services in the United States. We serve the homebuilding industry through two recognized brands: as BMC West, we distribute building materials and manufacture building components for professional builders and contractors in the western and southern states; as SelectBuild, we provide construction services to high-volume production homebuilders in key markets across the country. To learn more about BMHC, visit our website at www.bmhc.com.
-- July 1, 2009 Waytronx, Inc. (OTC Bulletin Board: WYNX) closed at $0.24 on a volume of 210,405 shares
Waytronx, Inc. Schedules ASC West Coast Investor Road Show The Week of July 6th
TUALATIN, Ore., July 2, 2009 -- Waytronx, Inc. (OTC Bulletin Board: WYNX), a leading provider of openly licensable advanced systems cooling solutions, today announced that it will run a comprehensive West Coast investor road show next week. Organized by Alan Stone & Company LLC (ASC), the road show will feature an entire week of corporate presentations in Newport Beach, Beverly Hills, San Francisco and Las Vegas from Monday July 6th to Friday July 10th, as well as numerous one-on-one institutional and broker level meetings.
About Waytronx, Inc.
Waytronx, Inc. has pioneered and is commercializing innovative thermal management solutions capable of revolutionizing the semiconductor, solar and electronic packaging industries, among others. Utilizing its patented WayCool(TM) hybrid mesh architecture, Waytronx can enhance system performance and remove thermal barriers caused by "microwarming" in today's advanced computing devices. The Company's proprietary central and graphics processor solutions, solar energy cooling solutions and power supply cooling solutions deliver more cost effective and efficient thermal management to the industry. Waytronx changed its name from OnScreen Technologies in December 2007. Waytronx acquired CUI, Inc. in May 2008. For more information, please visit www.waytronx.com.
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