Northern Nevada News

Friday, December 29, 2006

 

 

Gold Canyon Announce Private Placement

 

Gold Canyon Resources Inc. is pleased to announce that it is undertaking a non-brokered private placement of 1,740,000 common share units at a price per Unit of 26 cents pursuant to registration and prospectus exemptions from applicable U.S. and Canadian securities laws and has received subscriptions for gross proceeds to the Company of 452,400 dollars. Each Unit is comprised of one common share in the capital of the Company and one non-transferable share purchase warrant of the Company exercisable at any time up to 4:30 p.m. on the date which is twenty-four months from the date of issue of the Units for one common share at a price of 39 cents per share. Completion is subject to the receipt of subscription proceeds and TSX Venture Exchange acceptance. In connection with the non-brokered private placement, Gold Canyon has negotiated finders' fees equal to up to eight percent on gross proceeds obtained from eligible subscribers introduced to the Company. Any securities to be issued with will be subject to a hold period of four months from the closing date in accordance with the rules and policies of the TSX Venture Exchange and applicable Canadian securities laws and such other further restrictions as may apply under foreign securities laws. The net proceeds of the offering will be used for additional work on Gold Canyon's Cordero Gallium Project, the Springpole Gold Project and for general corporate purposes. Additional information can be found on the Company's website: http://www.goldcanyon.ca.

 

GBC’s College Goal Sunday

The Great Basin College campuses will hold a seminar to help students complete the Free Application for Federal Student Aid and to help advise them on ways they can afford college. Current college students and high school seniors are encouraged to attend. The event begins at 2PM on January 28th in the High Tech Center in the Winnemucca Center on Kluncy Canyon Road. The FAFSA is a mandatory step in securing financial aid. The federal government uses the application to determine students' and their parents' expected contribution and how much money they are eligible to receive toward their education. Financial aid can come in the form of need-based grants and federally backed student loans. Volunteers from the colleges' student services and academic affairs offices will be available to walk students and their parents through the forms. Lynn Mahlberg, GBC's vice president for student services, said the seminar will also connect students with the financial aid officers they'll be working with. College Goal Sunday is based on a program established by the Lumina Foundation for Education, a private foundation based in Indianapolis. It has been successfully implemented in Indiana, Arizona and now Nevada to help improve access to higher education. The state of Nevada applied for and received a $170,000 grant from the Lumina Foundation to host College Goal Sundays for the next three years, always either right before or after the Super Bowl. GBC's Mahlberg and Jeanne Rosenthal, GBC's grants coordinator, led the effort in Nevada. Mahlberg said students should apply for a personal identification number to fill out the FAFSA application online in advance by visiting www.pin.ed.gov, but students can also fill out a paper application at the sites. If under 23, students should bring their parents along with a copy of their 2005 income tax information for both student and parents. Students 24 and older only need their own tax information. For more information, visit the college Web site at www.gbcnv.edu and click on the College Goal Sunday link. In Winnemucca please call 623-4824.

 

KWNA Community Events

 

Beginning Blues Harmonica at Great Basin College, January 19 and 20 at Great Basin College. The course introduces students to the finer points of blues harmonica playing with instruction from Jim Major of the University of Utah. Cost for the course is $99. Students must provide their own harmonicas in the key of A and C. For more information on the course, call 775.753.2231, or register for the course at www.gbcnv.edu

The American Red Cross, Winnemucca Service Center would like to remind the community of the following meetings and classes: On January 10th, All youth aged 7 years through 8th grade are invited to attend the American Red Cross, Jr. Youth meeting beginning at 3pm in the French Ford Middle School. All Red Cross Youth are invited to attend. On January 11th, All High School age youth are invited to attend the American Red Cross Leadership Meeting at 1145AM in the Lowry High School in Mrs. Mercado’s room. All Red Cross Youth are invited to attend. There is no cost to be a Red Cross Youth. For more information please call 775/625-1155.

The Humboldt County Board of Commissioners will hold their regular meeting on Tuesday at 10 AM in the Courthouse Meeting Room #201 at 50 West Fifth St. Items on the agenda include Annual Service Awards presentation to County Officials and Employees, Board of Commissioners Committee Assignments, and Commissioner Training related to the laptops and paperless budget and agenda program.

 

Winnemucca Weather

Your Winnemucca Weather calls for sunny with winds light and variable and a high of 35.