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Canada Business News and Press Releases
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(EMAILWIRE.COM, October 14, 2009 ) Windsor, Ontario - Pennystocksite.com, an online financial publication, provides investors timely stock market alerts. If you are interested in penny stocks that are poised to breakout sign up for our free penny stock newsletter. Each day we send out alerts on different hot penny stocks.
ITC^DeltaCom, Inc. (ITCD), a leading provider of integrated communications services to customers in the southeastern United States, today announced the availability of Managed Router Service, enabling its business customers to outsource network management for Multiprotocol Label Label Switching (MPLS) multi-site data connectivity solutions.
"Deltacom is committed to creating value and business efficiencies for our customers," said Tony Tomae, Deltacom's Executive Vice President of Sales and Marketing. "Managed Router Service provides cost-effective router and network management, delivered with performance visibility that gives our customers peace of mind."
In the prior trading session, the stock closed at $1.68. The company reached a new 52 week high at $1.70 on very light trading volume.
Santa Fe Gold Corporation (SFEG) announced last Monday that the New Mexico Office of the State Engineer has issued a permit required to proceed with construction of the tailings dam impoundment at the Banner Mill located near Lordsburg, New Mexico. The company expects to complete construction of the tailings impoundment during the current quarter and to begin processing operations shortly thereafter.
“With this important permit now in hand, we are moving full speed ahead in executing our plan to begin processing of ore from the Summit mine,” said Pierce Carson, President and Chief Executive Officer. “Contractors are mobilizing to begin construction of the tailings dam and to install the plastic liner in the containment area.”
Issuance of the permit also was a condition to drawdown of $3.5 million of the $4.0 million provided under the gold sale agreement with Sandstorm Resources Ltd. (SSL) announced September 14, 2009. The company anticipates receiving the remaining $3.5 million shortly.
In the prior trading session, the stock closed at $1.42. The company extended further on the news to a new 52 week high of $1.45 in early trading.
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