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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?


To: Daytek77 who wrote (8210)5/12/2002 10:48:51 AM
From: Al Collard  Respond to of 11802
 
Hi Tony,

Your in with KRI-v @$ .34 for 29,411 shares.

Chart for Continental Ridge Resources:

139.142.147.218

From the chart of KRI we can see the stock tested the support of it's 20EMA on Friday on below average volume. The chart indicators are bearish but the stock does look oversold, suggesting a bounce up off of support early next week.

Good luck with this pick,
Al



To: Daytek77 who wrote (8210)5/14/2002 9:18:44 PM
From: Al Collard  Respond to of 11802
 
KRI-v...in the news:

Continental Ridge arranges $75,000 financing

Tue 14 May 2002

Mr. Brian Fairbank reports

PRIVATE PLACEMENT FINANCING, UPDATE ON DRILL PROGRAM
Continental Ridge Resources has arranged the terms of a financing whereby
the company will place approximately 215,000 units, at a price of 35 cents
per unit, for gross proceeds of $75,000. Each unit is convertible into one
common share and one-half common share purchase warrant, each full warrant
entitling the holder to purchase one additional common share at 35 cents
per share for a period of one year. All shares taken up will be subject to
a hold period in accordance with the applicable securities laws. The
company reports that a certain director of Continental Ridge arranged the
sale of 58,000 common shares at a price of 35 cents per share through the
facilities of the Canadian Venture Exchange. The proceeds from this sale
will be used to participate in the private placement. Proceeds of the
private placement will be used for evaluating possible acquisitions of
other geothermal sites in Nevada and California and for general corporate
purposes.
Drilling progress update
Continental Ridge president Brian Fairbank has just returned from visiting
the Deep Blue No. 1 drill site on the Blue Mountain geothermal property in
Nevada. He reports that the deep drill program is proceeding as planned,
albeit slowly, due to encountering highly fractured rock formations.
Fractured, permeable rocks are desirable in a geothermal reservoir because
they allow for increased flow rates of hot water into the production wells.
An additional two weeks may be required to complete the drill program due
to the broken ground conditions. A 10-1/2-inch casing has been cemented
down to 50 feet and seven-inch casing was cemented in a 10-inch hole down
to 320 feet. A 6-1/2-inch hole is currently being drilled to the total
depth of 2,000 feet to set 4-1/2-inch casing.



To: Daytek77 who wrote (8210)5/17/2002 3:46:54 PM
From: Al Collard  Respond to of 11802
 
KRI-v...in the news:

Continental Ridge retains Unity for fee and options


Mr. Gregg Wilson reports
INVESTOR RELATIONS SERVICES
Continental Ridge Resources has retained Unity Petroleum to provide
investor relations services for the company pursuant to an agreement dated
March 15, 2002. Under the terms of the agreement, Unity will receive a
service fee of $6,000 per month, plus GST and expenses, for an initial term
of three and one-half months. Unity shall also receive a grant of 100,000
stock options which shall be exercisable at a price of 25 cents per share
for a period of two years. The options shall be subject to a vesting
schedule whereby 25,000 options will vest, and thereby become exercisable,
every three months after the date the options are granted.
The company has also entered into an agreement with Mindat Research,
whereby Mindat will assist the company to raise financing, and will be
compensated on a performance basis.