| |
Stock of the Month Spotlight

|
Duran Ventures Inc. Website:
Click Here |
Information As Of
November 4,
2009 |
| Exchange:
TSX-Venture |
Market Cap:
$14.1 Million |
| Outstanding Shares:
85.3
Million |
52 Low / High:
$0.05
/ $0.40 |
|
Price
November 4,
2009:
$0.165 |
DRV Stock Quote and News:
Click Here |
"Duran
Ventures represents an
exceptional opportunity as their
porphyry target is very large and likely encompasses the
entire area, potentially rivaling comparables 30 times Duran's
current market cap -- Mining giant Peñoles now has two drill
rigs directly adjacent to Duran's system/claim line and is
expected to expand their program in the area."
Overview
Duran Ventures is a Canadian exploration
company focused on advancing the Pasacancha Project which
features a past producing silver-lead-zinc mine and the Aguila
copper-molybdenum project in Ancash, Peru
along with other Peruvian projects.
The objective for Duran Ventures
is to discover and develop mineral resources to the
stage that make them attractive for major multi-national
corporations to develop into producing deposits either by
joint venture earn-in or by outright acquisitions from Duran
on terms beneficial to Duran shareholders.
Investment
Highlights
-
Impressive Samples. The Pasacancha target is
hosted at a past-producing silver-lead zinc mine with the
potential for a bulk tonnage resource. The main tunnel
sampled over 384 meters returning grades of 0.17 g/t
Gold, 69.1 g/t
Silver, 0.077% Copper,
0.56% Lead and 0.94% Zinc
-
Flagship Property Yields Impressive Grades.
Aguila copper-molybdenum deposit has yielded impressive
grades in the order of 0.5 - 0.6% copper (ie.718m grading
0.555% Copper and 0.041% Molybdenum
= 1%+ copper equivalent ) and is host to a past producing
open-pit mine.
-
Significant Interest From Mining Giant. Mining
giant Penoles has moved drills onto the edge of Duran
Ventures' Aguila copper-molybdenum porphyry system/claim
line. The flurry of activity by Penoles only a couple
thousand meters to the south of Aguila's main pit is a tell
that something major is developing
-
Benefits Of Past Producing Mines. It is a well
known truism that the best way to find a new resource is
amidst the workings of an old mine. The past producing mines
on Duran's properties has made it easier for them to
successfully locate several gold, silver, and copper
showings.
-
Buy
Rating From Research Firm. Fundamental Research
Corp. is an independent research firm with analysts who are
focused on the highest institutional quality equity research
coverage on small and micro cap companies. Towards the end
of January 2009 they gave Duran Ventures a BUY rating and a
fair value of $0.40 cents per share.
-
Excellent Geographical Location. Peru was the top
silver producing country in the world, responsible for a
recorded 118.30 million ounces in 2008.
(Source:
Market Equities Research Group).
-
Recent Acquisition Agreement. Duran Ventures Inc.
and Double Jack Mines Limited, announced an agreement on
July 2nd, 2009 whereby Duran has the right to acquire 100%
of the shares of Hatum Minas SAC, a wholly owned subsidiary
of Double Jack. Hatum owns a 100% interest without third
party royalties in several concessions consisting of four
project areas totalling 5,437.88 hectares. This includes the
Panteria porphyry copper, the Ichunya copper-silver, and the
Santa Rita/Coricancha and Don Pancho silver-lead-zinc
polymetallic projects.
Profile
Duran Ventures Inc.
(TSX-Venture:DRV) has come to our
attention due, in part, to the opportunity afforded
shareholders as DRV is advancing their 100% owned concessions
located in Central Peru where geologists agree that Duran's
Aguila copper-molybdenum porphyry deposit is part of a large
porphyry cluster in a major mineral district actively taking
shape, with Penoles and Duran Ventures holding key ground.
Mining giant Penoles has moved drills
onto the edge of Duran Ventures' Aguila copper-molybdenum
porphyry system/claim line. The flurry of activity by Penoles
only a couple thousand meters to the south of Aguila's main
pit is a tell that something major is developing; this is
Penoles' only project they are drilling in Peru and they are
expected to expand their program
in the area. The significance
of this to the market place and investors in Duran Ventures
Inc. can not be understated as geologists are all under the
same agreement that high silver values at Duran's Pasacancha
workings ~2km to the SE of Duran's Aguila main drilled
porphyry has to be part of the same system and if that system
is producing as much alteration and mineralization over 2kms
that it is plus now Penoles is drilling off Duran's claim line
to the south with four drill rigs -- Duran must be a
significant part of a major mineralized district actively
taking shape.
Peñoles, based in Mexico City, Mexico, is
a subsidiary company 100 percent Mexican and owned by the
private Grupo Bal. Peñoles is the second largest Mexican
mining company, the first Mexican producer of gold, zinc and
lead and the world leader in silver production. Peñoles
produces about 80,500,000 troy ounces (2,500,000 kg) of silver
and 756,100 troy ounces (23,520 kg) of gold annually. Other
metals that the company produces are zinc, lead, copper,
bismuth, and cadmium.
The 100% owned
Aguila copper-molybdenum deposit has yielded impressive grades
in the order of 0.5 - .0.6% copper (ie.718m grading 0.555% Copper
and 0.041% Molybdenum = 1%+ copper equivalent ) and is host to a past
producing open-pit mine. Drilling has expanded the deposit to
the west, east and at depth, encountering higher grade
porphyry than other companies in Peru (many the subject of
buy-outs in the US$400M - 500M region), the deepest hole is
over 600m from surface down and is still in copper
mineralization.
The Company announced an exploration
update on the Property in early November.
The press release stated that
Company geologists have been conducting surface sampling as
the geophysical work was proceeding. Most of the first 74
samples are panel-type chip samples collected from outcrops of
dioritic intrusive rock, with individual samples taken over
areas varying from 1x2 to 5x5 metres. All samples are from the
Aguila, Aguila East, and Aguila West areas, and average 0.24%
copper. Values range from 247 to 17,500 ppm (or 0.024% to
1.75% copper). At an exploration level for porphyry copper
deposits, surface samples of over 100 ppm copper are
considered significant anomalies. Current sampling in the
Aguila area show that 53 of the 74 samples returned values
over 1000 ppm copper (0.1% Copper). Molybdenum values range up to
408 ppm (or 0.040% Molybdenum), but are generally lower than the
averages of the Aguila intrusives.
The Company also owns
a 100% stake in the
Pasacancha (silver) project which
has yielded high grade silver values at past producing mine
that focused on high grade silver veins. The main tunnel
sampled over 384m grading of 2 ounces silver/tonne plus other
metals. Pasacancha has potential for bulk tonnage resource and
is understood to be part of the same system as Aguila.
Lastly, the 100% owned Santa
Rosa/Corongo gold project owned by the
Company is also in close proximity to Aguila and
Pasacancha and is yielding values up
to 7.8 g/t gold and 191 g/t silver at Santa Rosa and 14.6 g
Gold/t and 483.0 g
Silver/t at Corongo.
The key point to remember is that the
Aguila, Pasacancha and Santa Rosa Projects all fall within
Duran's 11,100 hectares and are of close proximity to one
another. The fact that Duran's property hosts past producing
gold, silver and copper mines was a major determining factor
in selecting Duran as AllPennyStocks.com's
next Canadian Company spotlight.
It is a well known truism that the best way to find a new
resource is amidst the workings of an old mine. The past
producing mines on Duran's properties has made it easier for
them to successfully locate several gold, silver, and copper
showings.
Fundamental Research Corp. is an
independent research firm with analysts who are focused on the
highest institutional quality equity research coverage on
small and micro cap companies. Towards the end of January 2009
they gave Duran Ventures a BUY rating and a fair value of
$0.40 cents per share.
Looking at DRV from a
technical standpoint, the Company has been in the midst of a
bull run that started back at the end of August, where the
share price stood at around $0.06. Since then, the Company
made two significant run-ups with a consolidation period in
between. Looking at the chart, it seems that the stock
is in the midst of a consolidation period right now. While
that doesn't necessarily mean that the stock is in for another
significant run soon, it is a possibility given the previous
chart behaviour.
Examining the chart,
there seems to be significant support at $0.14, which if the
support holds-up, indicates that there is limited downside
possibility, however if the $0.14 support level is broken,
investors are encouraged to set their stop losses accordingly.
When comparing a 10 day and 50 day EMA, the stock seems
strongly positioned for another upside swing.
At this point,
investors need to be reminded that these are our
interpretations of the DRV technical chart, and we encourage
all investors to do their own due diligence on investing in
this stock or any other stock mentioned on AllPennyStocks.com.
With that being said, the Company is looking quite positive,
with a buy rating and a $0.40 target, along with a mining
Giant mobilizing on the edge of DRV's property as well as a
bullish technical reading, there are many reasons why investors should
take a closer look into DRV and why we have chosen it as our
latest Company spotlight.
Mining In Peru
Peru was the top silver producing
country in the world, responsible for a recorded 118.30
million ounces in 2008 (source Market Equities Research
Group). Mining in Peru has a
moderately positive outlook due to low short term political
risk and relatively high mineral potential. In the Fraser
Institute survey of mining companies for 2007/2008, Peru was
ranked 28 out of 68 overall, and was third only to Mexico and
Chile in South America for policy potential. Many domestic and
foreign companies operating within Peru’s mining sector have
been expanding their operations and increasing exploration,
further drawing exploration companies to initiate projects in
the country. Major international suppliers of mining equipment
and services are represented within the country, providing a
source for industry goods and know-how. Infrastructure is
relatively weak; however, development is ongoing which will
only benefit the industry.
Company Properties
Aguila Copper-Molybdenum
Porphyry
The Aguila copper-molybdenum
porphyry deposit and Pasacancha porphyry concession have been
the subject of systematic exploration by Duran Ventures since
2003. DRV is now conducting a deep IP-MAG Geophysical survey
(see Sept. 24, 2009 release) to cover most of the El Halcon
(A.K.A. Aguila) and Pasacancha 1 concessions.
Aguila copper-molybdenum deposit has yielded impressive grades
in the order of 0.5 - 0.6% copper (ie.718m grading 0.555% Cu
and 0.041% Mo = 1%+ copper equivalent ) and is host to a past
producing open-pit mine. Drilling has expanded the deposit to
the west, east and at depth, encountering higher grade
porphyry than other companies in the region, the deepest hole
is over 600m from surface down and is still in copper
mineralization. Recent exploration work at Aguila has now
outlined a much larger target, the dimensions of the porphyry
are believed to be large and results from recent exploration
efforts are expected soon and will improve on the dimensions.
Indications are positive for having big porphyry at depth.
There is strong potential for further expansion of the Aguila
deposit through additional drilling. Results from the deep
induced polarization geophysical survey being performed now
will provide clarity and set the stage for taking DRV to the
next level as Aguila and Pasacncha could conceivably rival
other 200-300M tonne range porphyry deposits in the region.
Each project offers major discovery potential and are all
located in mining friendly politically stable Peru.
To the northeast of the drilled section are numerous surface
intrusive rocks in areas not yet drilled. Duran can show now
the copper mineralization extends from the drilled area about
400m to the northeast -- if that is the case and we know in
the drilled section Duran intersected in the order of .5 - .6%
copper and the deepest drill hole was over 600m projected from
the surface down and was still in copper mineralization -- if
Duran can expand that to the east several hundred meters from
the known area, the target area will be sizeable. When
comparing Duran's potential to established Copper-Molybdenum
deposits in the region such as Norsemont Mining
(TSX:NOM) it is important to note
that the grades at Duran's Aguila porphyry are higher.
Norsemont Mining has a defined resource of ~300+M tonnes, a
market cap nearing $150 million and
is a buy out candidate at a level significantly above that --
Duran has phenomenal grades and everything points to the fact
Duran has potential for similar size porphyry and a
correspondingly significant upside move in valuation.
Transactions over the last couple of years involving copper
deposits similar to what Duran Ventures is targeting in Peru
have seen multiple deals made in the $400M - $800M range.
While there is strong potential for further expansion of the
Aguila deposit through additional drilling, the exploration
has also focused on other areas of interest in close proximity
to Aguila and with strong geological similarities, in effort
to increase the magnitude of the overall resources. Only a
limited amount of work has been completed to date to test
these high priority targets that have been outlined from
surface work and may lead to significant new copper-molybdenum
deposits that would improve the overall economic outlook for
the entire project.
Pasacancha Silver-Lead-Zinc Project - Central Peru
Peru was the top silver producing country in the world,
responsible for a recorded 118.30 million ounces in 2008
(source Market Equities Research Group). Miners know ‘the best
place to find a new resource is amidst the workings of an old
mine’ -- The Pasacancha concession is host to the past
producing Pasacancha mine, where historical production focused
on high grade silver veins that have been mapped across a
large part of the property.
The Pasacancha mine workings are situated at the top of a hill
above a town with the same name. Several tunnels have been
identified which access the vein deposits at various
elevations. The combined workings have been mapped for several
kilometers and this extensive underground infrastructure
serves as evidence of the intensity of mineralization
throughout the area. The historic mining activity was
concentrated on the highest grade veins and the project
geologists have begun work to search for deposit areas of
interest that were overlooked by the previous mine operator.
Early stage exploration work at this target included soil
sampling and trenching programs that covered a much wider zone
surrounding the old mine workings. The results from this work
indicated the potential for a large area of alteration bearing
lower grades of silver and gold, along with the presence of
significant lead and zinc values. This has been interpreted to
suggest that a potential bulk tonnage poly-metallic deposit of
disseminated alteration may exist at Pasacancha.
Considering the impressive lateral extent that has yielded
positive results from the early phase exploration work, there
is the potential to define a deposit at Pasacancha that could
amount to 100+ million tonnes or more. In the context of a
large open pit mine, an average silver grade of at least 2-3
ounces per tonne, plus associated by-product credits from
other recoverable metals, would represent an attractive
economic potential for development.
Duran Ventures plans to conduct a thorough and comprehensive
exploration program designed to test for the existence of a
large deposit of disseminated lower grade
silver-gold-lead-zinc mineralization. Despite relatively
challenging topography and rock conditions, the company
recently reported the first successful drill intervals from
Hole 4B; see January 26, 2009 release 'Duran Reports
Pasacancha Hole 4B Results: 104 metres (344 feet) of 35 g Ag/t
(1.1 oz Ag/t) Including 34 metres (114 feet) of 55 g Ag/t (1.8
oz Ag/t) and 36 metres (119 feet) of 40 g Ag/t (1.3 oz Ag/t)'.
This progress has confirmed the preliminary exploration model.
In order to continue with a more intensive drill program Duran
Ventures applied for and was granted a C Permit from the
Peruvian Government. Follow up work is planned with further
drilling programs, with the objective to establish a large
tonnage of mineralization by expanding the lateral boundaries
through step out drilling.
Santa Rosa and Corongo Area Gold Project - Central Peru
Santa Rosa/Corongo is a block of claims ~6km - 10km to the
northwest of Aquila. Santa Rosa was identified in 1998 through
fieldwork completed by Rio Tinto, a prior operator of the
property as part of a joint-venture exploration program.
Historic small-scale mining in the area produced gold, copper,
and silver from vein and manto systems that outcropped near
surface. Rio Tinto completed a preliminary series of drill
holes along across a widely spaced grid in search of a
potential bulk tonnage mineralized system. The results
included several encouraging gold intervals that appeared to
be related to feeder vein structures, however lacking the
continuity necessary to meet the criteria for a larger system,
Rio Tinto did not do any follow up work. As is often the case
with Rio Tinto 'walk-aways', they were not given the attention
necessary and Mining MarketWatch Journal has seen numerous
prized assets develop from Rio Tinto walk-aways.
Double Jack Mines Ltd. Property Option
Duran Ventures Inc. and Double Jack Mines Limited ("Double
Jack"), announced an agreement on July 2nd, 2009 whereby Duran
has the right to acquire 100% of the shares of Hatum Minas SAC
("Hatum"), a wholly owned subsidiary of Double Jack. Hatum
owns a 100% interest without third party royalties in several
concessions consisting of four project areas totalling
5,437.88 hectares. This includes the Panteria porphyry copper,
the Ichunya copper-silver, and the Santa Rita/Coricancha and
Don Pancho silver-lead-zinc polymetallic projects. The Company
is very pleased with the exploration potential of these new
properties and looks forward to beginning the initial
exploration and development work.
The Panteria Porphyry Copper prospect is located in the
Department of Ica in south-central Peru. It consists of one
main block totalling 1,700 hectares and another 400 hectare
concession two kilometres to the east. Rio Tinto Zinc operated
ths project in the early 2000's, and Hatum acquired the
concession in 2007. Rio Tinto conducted a very limited
exploration program comprising of two or three diamond drill
holes. The information from Rio Tinto's work program is
currently unpublished, however the company will inquire about
obtaining the data. Peru. Hatum's initial sampling program at
Panteria confirmed widespread anomalous copper, gold, and
silver over an 800 by 250 metre zone, with local
quartz-sulfide stockworks and veining in porphyritic intrusive
rocks. There are abundant copper oxides and carbonates on
surface with indications of strong surface leaching of copper
and iron sulfide minerals. Panteria has all the hallmarks of a
significant supergene copper deposit with an underlying
hypogene porphyry coppersystem.
The Santa Rita and Coricancha South Properties (1,737.88
hectares) are located 75 kilometres from Lima in the San Mateo
District in Central Peru, in an area of active and past
producing silver-lead-zinc mines. The Coricancha South
Property is located immediately south-southwest of Gold Hawk
Resources's Coricancha Mine. Hatum's mine dump and rock chip
sampling returned ten out of twenty-eight samples with greater
than 100 grams silver per tonne, with the highest value of
1,280 grams silver per tonne. Ten samples returned over 1%
lead, and seven samples with over 1% zinc. Gold, copper, and
molybdenum values are strongly anomalous, with up to 2.2 grams
gold per tonne, 8.8% copper, and 0.1% molybdenum.
The Ichuña Copper-Silver Project (1,000 hectares) is located
in 120 kilometres northeast of Arequipa in the Department of
Moquegua in Southern Peru. A past producer from Spanish
colonial times, Hatum sampling returned strong copper and
silver values with anomalous arsenic, barium, and antimony.
Mineralization is controlled by north-south trending
structures related to altered intrusive bodies. Copper values
range as high as 12.75% and silver up to 8.2 ounces silver per
tonne. These copper-silver bearing structures may be
indications of porphyry copper mineralization at depth.
The Don Pancho Silver-Lead-Zinc Project (600 hectares) is
located in the Lima Department and is currently optioned to a
third party, Jantar Resources Ltd ("Jantar"). Jantar may earn
a 100% interest for property option payments of $375,000 in
cash and 400,000 common shares over four years. Jantar are
also required to spend $1,500,000 on the property. Double Jack
would then revert to a 2% Net Smelter Return interest which
Jantar may reduce to 1% by issuing 200,000 additional shares.
Duran has the right to acquire a 100% interest in all of the
Double Jack - Hatum properties for the issuance of C$1,200,000
of Duran common shares valued at the average May 2010 closing
price subject to an average price calculation of $0.10 minimum
(maximum 12,000,000 shares) and a $0.20 maximum (minimum
6,000,000 shares). The issuance of these Duran shares will be
subject to shareholder approval at the next Annual and Special
Meeting of shareholders in June 2010.
Duran has agreed to complete exploration expenditures of
US$100,000 on the Panteria Property by May 31, 2010 and to
reimburse Double Jack for 2009 maintenance fees of US$15,000
US once the lock-up agreement is in place. If Double Jack
delivers the two thirds lock up and Duran fails to obtain
shareholder approval or complete the transaction, Duran has
agreed to return the properties with the 2010 maintenance fees
paid and a break fee of 500,000 Duran common shares. A
definitive agreement will be executed once Double Jack and
Duran have received shareholder and regulatory approvals.
Recent News and
Press Releases
Duran Ventures Provides Exploration Update on the Aguila
Copper and Molybdenum Project
CCNMatthews (Mon, Nov 2)
Duran Ventures to Commence Deep IP-MAG Geophysical Survey at
Pasacancha and Aguila in Peru
CCNMatthews (Wed, Sep 16)
Duran Granted Final Approval For $1,000,000 Financing
CCNMatthews (Wed, Sep 2)
Duran Announces 100% Double Jack Lock-up Agreement
CCNMatthews (Tue, Sep 1)
Duran Increases Management Depth
CCNMatthews (Tue, Sep 1)
Duran Announces Grant of Stock Options
CCNMatthews (Mon, Aug 31)
Duran Completes $1,000,000 Financing
CCNMatthews (Fri, Aug 28)
Duran Announces Financing For Up to $1,000,000
CCNMatthews (Tue, Aug 25)
Duran Announces Private Placement For Up to $500,000
CCNMatthews (Fri, Jul 31)
Duran Announces Peru Acquisitions and Transition to New CEO
CCNMatthews (Thu, Jul 2)
Management Team
Jeffrey J. Reeder, P. Geo., Chief Executive
Officer and Director
Jeffrey J. Reeder, P. Geo., has a B.Sc. from the University of
Alberta and since 1992 has been registered as a professional
geologist with the Association of Professional Engineers and
Geoscientists of British Columbia. Mr. Reeder is the geologist
that originally identified and acquired the Aguila copper-moly
project in Peru for Duran Resources ULC (formerly MacMillan
Gold Corp.). Mr. Reeder has 15 years of experience in Peru and
is fluent in Spanish. Mr. Reeder's experiences prior to
joining MacMillan Gold included working with Noranda
Exploration and the Hunter-Dickenson Group of Companies. Mr.
Reeder was also responsible for identifying the Pinaya
Copper-Gold project currently being explored by Acero-Martin
Exploration.
Cary Pothorin, P.Geo., President
Mr. Cary Pothorin, P.Geo. is a Canadian professional geologist
in good standing with the Association of Professional
Engineers and Geoscientists of British Columbia. He graduated
in 1988 with a B.Sc. specialized in Geology from the
University of Alberta. Mr. Pothorin is fluent in Spanish and
his most recent experience is as VP Exploration of
Acero-Martin Exploration Inc. who had successfully advanced
the Pinaya Porphry Copper-Gold Porphyry-Skarn Deposit in Peru
to a National Instrument 43-101 compliant resource.
John P. Thompson, P. Eng., Director
Mr. John P. Thompson, P. Eng. has a B.Sc. and a M.Sc. from
Acadia University in Nova Scotia. Mr. Thompson has been a
director since June 2006. Mr. Thompson has over 35 years of
mineral exploration, advanced property evaluation, ore reserve
estimation and mining experience and is currently a consultant
to the industry and President of John P Thompson and
Associates.
Joseph Del Campo, CMA, Director
Mr. Joseph Del Campo, CMA, is a graduate of Ryerson
Polytechnical Institute in Toronto and has been a director and
audit chairman since July 2006. Mr. Del Campo is the Chief
Financial Officer of First Nickel Inc. and is the Chief
Financial Officer and a director of Unigold Inc.
Daniel Hamilton, Chief Financial Officer
Mr. Hamilton has 25 years of progressive experience in
accounting and finance roles. Mr. Hamilton has completed a
bachelor of commerce and bachelor of administration at the
University of Ottawa. Mr. Hamilton worked for several
chartered accounting firms, including Stern Cohen, Clarkson
Gordon and Arthur Young of Australia. Mr. Hamilton's many
years of mining and exploration experience were accumulated
from working for Noranda Minerals Inc., Noranda Inc., Agra
Monenco Inc., AMEC Inc. and Chrystallex International. Mr.
Hamilton is experienced at performing public reporting for
junior resource companies such as Cuervo Resources Inc. and
Amerix Precious Metals Corp.
Contacts
Duran Ventures Inc.
350 Wellington St. W.
Suite G19
Toronto, Ontario, Canada
M5V 3W9
Phone: 416-867-1101
Fax: 416-867-1222
Email:
info@duranventuresinc.com
Juan Jose Ari
MINERA AGUILA DE ORO S.A.C.
Avenida Juan de Arona 670, Dpto. 401,
San Isidro, Lima, PERU
Phone: 511-422-1467
SEDAR Filings
DRV filings with SEDAR can be found
here. All
Fillings are current and the Company is fully reporting.
FORWARD
LOOKING STATEMENTS
This report includes
forward-looking statements that reflect Duran Ventures Inc. current expectations about its future results,
performance, prospects and opportunities. Duran Ventures Inc. has tried to identify these forward-looking statements
by using words and phrases such as "may," "will," "expects,"
"anticipates," "believes," "intends," "estimates," "plan,"
"should," "typical," "preliminary," "we are confident" or
similar expressions. These forward-looking statements are
based on information currently available and are subject to a
number of risks, uncertainties and other factors that could
cause Duran Ventures Inc.'s actual results,
performance, prospects or opportunities to differ materially
from those expressed in, or implied by, these forward-looking
statements. These risks, uncertainties and other factors
include, without limitation, the Company's growth expectations
and ongoing funding requirements, and specifically, the
Company's growth prospects with scalable customers, and those
outlined above. Other risks include the Company's limited
operating history, the Company's history of operating losses,
consumers' acceptance, the Company's use of licensed
technologies, risk of increased competition, the potential
need for additional financing, the terms and conditions of any
financing that is consummated, the limited trading market for
the Company's securities, the possible volatility of the
Company's stock price, the concentration of ownership, and the
potential fluctuation in the Company's operating results.
Disclaimer
AllPennyStocks.com feature
stock reports are intended to be stock ideas, NOT
recommendations. Please do your own research before investing.
It is crucial that you at least look at current SEC filings
and read the latest press releases. Information contained in
this report was extracted from current documents filed with
the SEC, the company web site and other publicly available
sources deemed reliable. For more information see our
disclaimer section, a link of which can be found on our web
site. This document contains forward-looking statements,
particularly as related to the business plans of the Company,
within the meaning of Section 27A of the Securities Act of
1933 and Sections 21E of the Securities Exchange Act of 1934,
and are subject to the safe harbor created by these sections.
Actual results may differ materially from the Company's
expectations and estimates. This is an advertisement for
Duran Ventures Inc. The purpose of this advertisement,
like any advertising, is to provide coverage and awareness for
the company. The information provided in this advertisement is
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only as reliable as the sources they were obtained from. The
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date the profile is posted on site and are subject to change
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disseminating this information to our subscriber database and
featuring the report on the AllPennyStocks.com web site.
AllPennyStocks.com has been compensated
twelve thousand five hundred dollars by the Company
for its
efforts in presenting the DRV profile on its web site and
distributing it to its database of subscribers as well as
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sell shares on a voluntary basis in the open market before,
during or after the profiling period of this report. As of the
profile date, no shares have been sold. Information presented
on our web site and within our reports contain "forward
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identified through the use of words such as “expects’”,
“will,” “anticipates,” “estimates, “believes,” or that by
statements indicating certain actions “may,” “could,” or
“might” occur.
THE READER SHOULD VERIFY ALL
CLAIMS AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY
SECURITIES MENTIONED. INVESTING IN SMALL CAP SECURITIES IS
SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK.
We encourage our readers to
invest carefully and read the investor information available
at the web sites of the Securities and Exchange Commission
(SEC) at:
http://www.sec.gov and/or the National Association of
Securities Dealers (NASD) at:
http://www.nasd.com. Readers can review all public filings
by companies at the SEC's EDGAR page. The NASD has published
information on how to invest carefully at its web site
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