SOURCE: eLocity Inc.

May 03, 2006 07:10 ET

Wednesday, May 3rd Stock Trading Alert

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by eLocity Inc.

SARASOTA, FL -- (MARKET WIRE) -- May 3, 2006 -- eLocity's stocks to watch for today are -- Metro Gold Mines Mineral Resources, Inc. (OTC: MGMX), Apex Silver Mines Ltd. (NYSE: SIL), CanWest Petroleum Corporation (OTC BB: CWPC), GoldSpring, Inc. (OTC BB: GSPG.

Investors, have a look at Metro Gold Mines Mineral Resources, Inc. (OTC: MGMX), a precious metal mining company focused on the development of producing properties internationally. Metro Gold Mines announced that it has completed the acquisition of La Esperanza gold mine. Located in Segovia, La Esperanza is considered the richest, most gold-bearing municipality in Colombia with proven multi-million ounce deposits and as well as being the highest-yielding nation in South America.

Ken Lamb, President of MGM Mineral Resources, commented; "MGM Mineral Resources has been working to acquire La Esperanza since its inception and it is extremely gratifying to see this exceptional property become part of our portfolio."

Investors can learn more by going to --

MGMX.PK currently trades at around 7 cents a share.

Other stocks to watch:

Apex Silver Mines Ltd. (NYSE: SIL), who is developing its San Cristobal silver-zinc-lead project in southwestern Bolivia with production to start in the third quarter of 2007, announced Tuesday that it believes the unusual trading activity in its ordinary shares is related to Bolivia's planned nationalization of its hydrocarbon industry. Apex said the company is unaware of any Bolivian government plan to follow a similar policy in mining.

SIL closed Tuesday's regular trading session at $17.52.

CanWest Petroleum Corporation (OTC BB: CWPC) announced Tuesday that the company has appointed T. Murray Wilson, with 25 years experience in the investment banking industry, as Chairman and Chief Executive Officer. The company also said Tuesday that it will be relocating its corporate head office from Vancouver, B.C., to Calgary, Alberta.

CWPC closed Tuesday at $7.275.

GoldSpring, Inc. (OTC BB: GSPG) announced Tuesday $1.8 million in financing committed from a group of its existing investors to expand the Company's Plum Mine operation in northern Nevada.

GSPG closed Tuesday at $0.0136.

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The newsletter is provided by eLocity Inc., an electronic broadcaster and publisher of this newsletter, is here after referred to as "the company." The company received compensation for this service for MGMX (Public Company). The compensation is one thousand two hundred dollars from a non-affiliated third party, Equity Alliance, Inc. Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.

The company reserves the right to trade in securities mentioned herein, and may make purchases or sales in such securities featured within our newsletter reports. The information contained in this publication is for informational purposes only, and not to be construed as an offer to sell or solicitation of an offer to buy any security. The company makes no representation or warranty relating to the validity of the facts presented nor does the company represent or warrant that all material facts necessary to make an investment decision are presented above. All statements of opinions, if any, (Our Summary) are those of the company.

The company relies exclusively on information gathered on the Public Company, such as public filings, press releases and its web sites. Investors should use the information contained in this publication as a starting point for conducting additional research on the Public Company in order to allow the investor to form his or her own opinion regarding the Public Company. Factual statements contained in this publication are made as of the date stated and they are subject to change without notice. The company is not a registered investment adviser, broker or a dealer.

Investing in the Public Company that this newsletter is providing service for should be reviewed is speculative and a high-risk and may result in the loss of some or all of any investment made in the client. This release may contain statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended.

The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements.

Contact Information

  • Contact:
    eLocity Inc.
    Thomas Clay