AllPennyStocks.com Releases a Special Report On Dhanoa Minerals Ltd. Jun 12, 2007 8:01:00 AM 2007 PrimeNewswire, Inc. MISSISSAUGA, Ontario, June 12, 2007 (PRIME NEWSWIRE) -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article by Glenn Wilkins, an AllPennyStocks.com News Reporter, this one discussing Dhanoa Minerals Ltd. (OTCBB:DHNA), its industry and future prospects.
http://www.allpennystocks.com/aps_us/...l_reports/archives/061107.asp
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Dhanoa Minerals Closes US $2.3 Million Equity Financing Round Company Completes Second Investment Round to Further Support Dhanoa Minerals Ahead of Schedule Growth and Momentum Jun 12, 2007 8:30:00 AM Copyright Business Wire 2007 TORONTO--(BUSINESS WIRE)--
Dhanoa Minerals, Ltd (OTCBB:DHNA)(FWB:D7Z) is pleased to announce that it has raised more than US$ 2.3 Million of equity capital through a leading global private equity investment firm, which capital will be used to support its growth strategy.
Dhanoa Minerals has experienced rapid growth and anticipates more than 100 percent revenue growth on-average per year for the next three years.
"This latest equity round will grow our business with increased gold and silver production, which will enhance our growth plans through strategic acquisitions. Dhanoa Minerals owns 80% of three gold producing mines in the Bella Rica region of southern Ecuador projected which are expected to generate first year annual revenue in excess of $68 million by the end of year two; production is projected to reach 250,000 ounces of gold per year. " said Lee Balak, President of Dhanoa Minerals.
"We've clearly demonstrated to the local gold producing market that our plans for enhancing minerals production, processing and refining, are creating significant opportunities for Dhanoa to achieve savings and to increase revenue growth at a rapid rate."
Mr. Balak continued, "To date, Dhanoa Minerals has recently achieved the following milestones:
-- Dhanoa has completed a resource extraction estimate for its three mines in the Bella Rica region of southern Ecuador.
-- Dhanoa has closed its acquisition of the "Spanish Plant", a new centralized processing and refining facility for the company's three gold producing mines in the Bella Rica region of southern Ecuador. Dhanoa Minerals purchase of the Spanish Plant is expected to increase the company's recovery rate and its gold production by 40%.
-- Dhanoa has been Rated "Outperform" with a target price of $4.30 by Beacon Equity Research Analyst, Lisa Springer, CFA.
-- Dhanoa has been featured in the special edition mining issue of EQUITIES Magazine-the leading publication on the small and mid-cap markets, out June1, 2007.
-- Dhanoa has future plans to acquire more properties using revenues generated from its three mines in the Bella Rica region of southern Ecuador, and to embark on an aggressive growth strategy that are expected to increase Dhanoa Minerals' gross revenue to 300,000 ounces of gold production by the third year.
-- Dhanoa expects to generate an additional $6.5 million in revenue over the next 12 months from the production of silver at its three Bella Rica properties.
-- Dhanoa has hired a New President, Chief Financial Officer, and Chief Operating Officer.
"I'm very proud of what we've accomplished in a short time, and very excited about what we hope to accomplish in the near future."
About Dhanoa Minerals Ltd.
'Dhanoa' is a production stage company formed for the purpose of acquiring, exploring, and developing natural resource properties. Activities during the production and exploration stage include further development of the Company's business plan and raising capital. The Company has recently initiated a new program to evaluate undervalued assets for potential addition to its mineral claim portfolio.
Forward Looking Statements
Statements contained in this news release that are not historical facts are forward looking statements that involve risks and uncertainties. Actual results may differ materially from any forward looking statements due to many risk factors which include, but are not limited to, no operating history and no earnings, reliance on the Company's management team, the ability to successfully implement the Company's business plan, the ability to fund the Company's business strategy, competition and general economic conditions. Reference is made to our filings made with the United States Securities and Exchange Commission.
Source: Dhanoa Minerals Ltd.
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