Archive for October, 2012

Eco Atlantic receives government approval to work program expansion

Thursday, October 25th, 2012

Eco Atlantic Oil & Gas Ltd., an oil and gas exploration company focused on exploration opportunity in Namibia, and incorporated in the British Virgin Islands, announced that the Government of Namibia Ministry of Mines and Energy had approved the requested amendments to the work program of the company in onshore Namibia.

Gil Holzman, President and Chief Executive Officer of Eco Atlantic commented, “With the information obtained as a result of the completion of our first phase of the exploration program and recent environmental work on our onshore licenses, the Company moved to apply for an amendment to the work program and an expansion of the Licenses to include shale gas. The inclusion of shale allows the Company to take a more vigorous exploration approach to explore for all unconventional energy resources on these Licenses. With these approved amendments, the Licenses are more attractive to potential farm-in partners as the Company undergoes a process to negotiate with international oil and gas companies focused on unconventional gas resources.”

Also, the BVI company announced that it has retained Canadian company Questrade, Inc. to provide market-making services. Under the terms of one-year agreement, which began on October 8, 2012 and will cost US$5,500 per month, Questrade will trade shares of the company on the exchange for the purpose of improving liquidity in the Company’s shares. It will not receive shares or options as compensation. Eco Atlantic and Questrade are unrelated and unaffiliated entities, but Questrade and its clients may have or may acquire direct interest in the securities of the BVI company.

BVI company won London Stock Exchange Award

Monday, October 15th, 2012

West African Minerals Corporation, formerly known as Emerging Metals Limited, has won London Stock Exchange Award as best performing share 2012, at the AIM Awards 2012. The Best Performing Share Award received this year by the BVI company is a factual award based on the share performance of all AIM-listed companies – that is, of about 1,100 companies.

The award was collected by Executive Vice Chairman of West African Minerals Corp., Brad Mills, and Managing Director Anton Mauve, at an awards dinner on 11 October.

Stephen Dattels, CEO and Co-Chairman of the Company, stated in his comments that West African Minerals has had a “highly successful year to date”, and said that the award “reflects the significant shareholder value that is being created – by the founders securing the deal in very difficult market conditions, to the operators who continue to drive the project forward, and by the directors and management who continue to position the company as a leading iron ore exploration and development company in West Africa.”

PlayTech Limited signed agreement with major Spanish media company

Tuesday, October 2nd, 2012

PlayTech Limited, the company incorporated in the British Virgin Islands and engaged in design, development and licensing software for online, mobile, TV and land-based gaming industry, signed a new licensing agreement with Mediaset España – the largest television network in Spain. By terms of this agreement, PlayTech will provide the entire set of products, including games and TV, all operations held under the local gaming license. As Mediaset España is a broadcasting company, it is going to place a special focus on PlayTech’s TV product.

This agreement is a strategic step for both companies. It allows Mediaset España to join the gaming industry’s leading provider in a tremendously successful market for online gaming. Also, it allows PlayTech to become a key partner for Mediaset España, and launch a new business area which will complement its already expansive entertainment offer.

Mediaset España is on the list of Spain’s 35 strongest companies on the main Spanish stock exchange IBEX 35, with €1.780M market capitalisation.