China Signs Investment Facilitation Agreement with U.S. SEC
VANCOUVER, May 15 /PRNewswire-FirstCall/ - Silverado Gold Mines Ltd
(Trading Symbols, OTC BB - SLGLF, FRANKFURT - SLGL) , and its wholly owned
subsidiary, Silverado Green Fuel Inc., have received an updated verbal
report from its China investor attraction contractor, Synergy Management
Group Ltd.
"It would appear that we have begun to tap into the Chinese investor
community, and that includes China-based investment groups, institutions,
fund managers and brokers," stated Jay Silverberg, President of Synergy
Management Group Ltd. "We have started to see some retail buying activity
for Silverado. Of the 35.46 million shares recently traded in only six
days, May 2th - 9th, it appears, from examining the transaction sheets,
that Silverado is likely seeing trading activity originating from Hong
Kong, Shanghai and Singapore. It's still limited at this early stage, but
it is a good start for a new and unique investor attraction program," he
adds.
Between May 2nd and 9th, Silverado shares increased by about 30%, from
$0.045 to $0.059.
The 'On Balance Volume' (OBV) Model
-----------------------------------
Developed by Joseph Granville, the 'On Balance Volume' Model (OBV)
itself is a proven, leading indicator of price movement, reflecting the
running total of volume, as represented by a change in closing price (e.g.
when the closing price is higher than the day before, the volume is added
to the running total, and vice versa).
Silverado's May 2 - 9/08 OBV calculations (see below) demonstrated
significant stock price movement, generally a sign of investor attraction and
interest, and market support.
------------------------
OBV
(in millions
Date of shares)
------------------------
May 2 8.315
------------------------
May 5 17.835
------------------------
May 6 24.458
------------------------
May 7 31.368
------------------------
May 8 37.306
------------------------
May 9 37.306
------------------------
Delivering the Investor Attraction Program in China
--------------------------------------------------- The program to build awareness in the China investment community was
only launched at the beginning of March/08, starting with a Silverado
Chinese website (http://www.silverado.hk), and an Action Plan to liaise with
investors. Delivery of this program has been spearheaded by Synergy's 'on
the ground' Beijing team of experienced stock market professionals,
including a former top executive from China's Public Market Regulatory
Agency.
The key objective continues to be utilizing the China-based teams'
direct investment industry connections. To date, Silverado has been
featured at an investment conference presentation in Hong Kong, and at
numerous meetings with brokers, asset management companies and institutions
in Beijing, Guangzhou, Shanghai and Jinan, all important financial centers.
High Net Worth Chinese Investor Database
----------------------------------------
A strategically important high net worth Chinese investor database has
been compiled, and will grow over time. Investors and investment advisors
are also being reached via cellphone podcasts (text messaging), direct mail
and the placement of investor newspaper editorials. The China-based team
has recently been expanded with support staff to deliver the program.
Silverado 'Ahead of the Pack' in China
--------------------------------------
Silverado's decision to access the enormous pool of Chinese investment
capital is very timely. Silverado's contractor in this test initiative has
extensive experience and a loyal contacts network in China, and continues
to use this networking ('guanxi') on Silverado's behalf.
Access to investors through Hong Kong, Shanghai, Singapore and Macao
has always been a reality. However, only now are there new agreements put
in place to better facilitate Chinese investors' access to U.S. securities
markets.
Silverado Gold Mines Ltd. is 'ahead of the pack' in that it has a plan
and people already in place, and is making inroads.
Quick China Facts : What Silverado is Targeting in China
--------------------------------------------------------
- 500 million new middle class, with time and money to invest
- 300,000 new millionaires created every year
- 100 million plus registered stock market investors
- rapid growth of fund managers, brokers and investment clubs
- a strong interest in affordable, easily traded, undervalued stocks,
where the companies operate in today's hottest economic sectors,
namely, precious metals and energy, like Silverado.
China Signs Investment Facilitation Agreement with U.S. SEC
----------------------------------------------------------- (MarketWatch from DowJones, April 7, 2008) - "China banking and
securities regulators signed an agreement with their U.S. counterparts
Monday that will help to lay the groundwork to enable Chinese investors to
buy and sell U.S. stocks and mutual funds.
The agreement signed between the Securities and Exchange Commission and
the China Banking Regulatory Commission, marks a further expansion of QDII
-- the qualified domestic institutional investor program -- and brings the
U.S. in line with similar agreements signed between Beijing and regulators
in Singapore, Hong Kong, Japan and the U.K.
"What we've seen over the last six to 12 months, China has a lot of
capital and is looking for ways to make that capital work harder and more
efficiently," said Charlie Awdry, a fund manager for Gartmore's China
Opportunities Fund. "This is illustrative of the broader engagement between
China and the rest of the world."
"It's significant in the sense that, in the long run, Chinese money
will invest in the U.S., but this is just part of the ongoing process,"
said Lan Xue, Citigroup's head of China research in Hong Kong."
Silverado Gold Mines 'Strikes It Big' on The History Channel
------------------------------------------------------------
Viewers were treated to 'The History Channel' (May 8,9,11 and 12th)
"Tougher in Alaska : The Gold Mining Episode", which included Silverado's
Nolan Gold Mine. The episode will be rebroadcast May 24th. Check your local
listings for the time. Silverado's Mine Manager, Gill Dobbs, is prominently
featured. (The program is not broadcast on the 'History Television'
station).
http://www.silverado.com/pressroom/pressreleases/05082008.htm
Silverado Gold Mines in the May,08 Mining Issue of Equities Magazine
-------------------------------------------------------------------- The May/08 issue has a full page highlighting The Melman Report, an
analysts review of the company.
A Second China Investor Attraction Front, Across North America
--------------------------------------------------------------
Silverado is currently working with NAI-Investors, a Chinese web and
investor information platform, that distributes news and corporate profiles
to Chinese investors, brokers and other parties throughout North America.
Silverado is a 'feature company' on the site, and all press releases are
translated, and distributed to NAI's subscriber list. This program,
currently entering into month two of a six month trial, may also be
contributing to the new retail buying exhibited in Silverado's recent stock
history.
Our Concern and Condolences
---------------------------
Everyone at Silverado is sincerely sympathetic to all those impacted by
the natural disaster in China, as it extends to our Chinese friends and
associates throughout the world who have family and acquaintances in the
stricken areas, and, of course, to the surviving families in China, so hard
hit by the tragedy.
These immense human tragedies are almost beyond the scope of the
world's ability to truly grasp the enormity of the situation, but, as much
as we can, we are deeply moved. Our thoughts and prayers are with them all.
Paraphrasing the recent words of China's Premier, the economy of China
must remain strong, not only to cope with this kind of disaster, but to be
able to provide the kind of economic growth and wealth that permits China
to deal swiftly with any catastrophes, including this one.
Silverado Gold Mines Ltd.
-------------------------
Silverado is an international company focused on gold exploration, and
a new environmentally friendly Fuel Technology. Silverado has gold
properties located throughout Alaska which include the 100% owned Nolan
Placer / Lode Gold Mine. Trading Symbols, OTC BB - SLGLF, FRANKFURT - SLGL
To learn more about Silverado Green Fuel Inc. and watch the Green Fuel
Video, visit :- http://www.silveradogreenfuel.com
Silverado Gold Mines Ltd. http://www.silverado.com
Silverado on Kitco http://www.kitco.com
Silverado's Asian (China) Investor Website http://www.silverado.hk
Silverado's North American Chinese Investor Link
http://nai.chineseworldnet.com/scripts/vc-portfolio/default.asp
More Information ? http://www.silverado.com/investors/request/
Silverado Corporate Policy on Unsolicited Media Reporting :
http://www.silverado.com/MediaDisclaimer.pdf
This Press Release may contain, in addition to historical information,
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. These statements are based on
management's expectations and beliefs, and involve risks and uncertainties.
These statements may involve known and unknown risks and uncertainties and
other factors that may cause the actual results to be materially different
from the results implied herein. Readers are cautioned not to place undue
reliance on the forward-looking statements made in this Press Release.
CONTACT: Suite 1820 - 1111 West Georgia Street, Vancouver, British
Columbia, Canada, V6E 4M3, Telephone: (604) 689-1535, Facsimile: (604)
682-3519; Investor Relations: E-mail: ir@silverado.com; Public Relations:
E-mail: pr@silverado.com; Toll Free: 1-800-665-4646 (Canada and USA only)
SOURCE Silverado Gold Mines Ltd.
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CONTACT:
Suite 1820 - 1111 West Georgia Street,
Vancouver, British Columbia, Canada, V6E 4M3, Telephone: (604)
689-1535, Facsimile: (604) 682-3519; Investor Relations: E-mail:
ir@silverado.com; Public Relations: E-mail: pr@silverado.com;
Toll Free: 1-800-665-4646 (Canada and USA only)
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