WallStreetInvestorNews.com Active Stocks to Watch for 06/19/12: SRGE, COIN, HIMR, KMAG
June 19 2012 - 12:16PM
Marketwired
WallStreetInvestorNews.com "Active Stocks to Watch for 06/19/12":
Southridge Enterprises Inc. (PINKSHEETS: SRGE), Converted Organics
Inc.'s (OTCBB: COIN), Hollund Industrial Marine, Inc. (PINKSHEETS:
HIMR), KMA Global Solutions International Inc. (PINKSHEETS: KMAG)
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Tuesday morning, before the market opened for trading,
Southridge Enterprises Inc. (PINKSHEETS: SRGE) announced its wholly
owned subsidiary, Southridge Minerals, Inc., has executed an
agreement with Duvernoi Capital Investments Inc. ("DCII"),
providing for a $3,500,000 financing. This financing is in the form
of a convertible debenture with terms stipulating an interest rate
of 8.8% and a loan repayment term of 32 months from the date of
execution of the agreement, by way of cash or through the
conversion of shares of Southridge stock. The repayment terms of
the financing are amenable to the Company's property development
schedule and to future financings plans to retire the debt.
Michael Davies, Chief Executive Officer of the Company, stated
"We are very pleased to have entered into the financing agreement
with Duvernoi Capital Investments Inc. This capital will allow us
to move forward in implementing our strategy to increase the
company's footprint along the Sierra Madre Occidental gold
belt."
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Converted Organics Inc.'s (OTCBB: COIN) currently up over 38% on
27.3Mil Shares traded so far, promotes, develops and operates
innovative clean technologies that contribute to the improvement of
our environment by use of sustainable business practices and the
judicious use of natural resources. Our primary line of business is
manufacturing and selling Organic Fertilizer.
Hollund Industrial Marine, Inc. (PINKSHEETS: HIMR) currently
trading high volume over 134.6Mil Shares today announced that the
South American Project Development Team has targeted the Tucurui
and Balbina dam reservoirs in Brazil for planned future
development.
KMA Global Solutions International Inc. (PINKSHEETS: KMAG)
currently up over 20% on 15.6Mil Shares Traded so far today is an
innovator and internationally recognized leader in the Electronic
Article Surveillance industry, focused on providing cost-effective
source tagging solutions for customers in the apparel, multimedia,
sporting goods, food and pharmaceutical and general merchandise
industries.
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