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Canada Business News and Press Releases
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(EMAILWIRE.COM, October 10, 2009 ) Windsor, Ontario - Pennystocksite.com, an online financial publication, provides investors timely stock market alerts. If you are interested in penny stocks that are poised to breakout sign up for our free penny stock newsletter. Each day we send out alerts on different hot penny stocks.
American Lithium Minerals Inc. (AMLM) is pleased to announce that itÂ’s Board of Directors today appointed Ms. Judy Baker as President and Chief Executive Officer of the Company, effective immediately. As part of the appointment, Ms. Baker will also be joining the Board of Directors.
Ms. Directors.
Ms. Baker will replace Mr. Matthew Markin as President. Mr. Markin who will continue as the Chairman of the Board of Directors commented, "We are extremely pleased that Ms. Baker has chosen American Lithium Minerals. Her successful track record and years of know-how will definitely accelerate our developmental time lines," Mr. Markin continued, "Judy's experience in building and positioning mining/mineral exploration companies and her knowledge of the world wide lithium industry will be an enormous benefit to executing our initiative to become a major participant in the lithium and rare earth minerals industry."
The company matched a 52 week high set yesterday at $1.48 on the news.
Unigene Laboratories, Inc. (UGNE) reported in September that the U.S. District Court, Southern District of New York, has confirmed the validity of Unigene’s patent on Fortical® and issued an order permanently enjoining Apotex Inc. and Apotex Corp. from further infringement of the patent. The motion of the plaintiffs, Unigene and its licensee Upsher-Smith Laboratories, for summary judgment in the case was granted while the request for summary judgment by Apotex was denied.
“This decision is a very significant development for the plaintiffs,” commented Dr. Warren P. Levy, President and CEO of Unigene. “Although this decision may not close all of the legal proceedings, we are encouraged by the court’s decision in our favor.”
Since the news the company has been in an uptrend, the company extended further on FridayÂ’s session to a new 52 week high of $1.70 in early trading on above average volume.
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