Gediminas Jasionis
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Mexivada Mining Corp. (CVE:MNV) (PINK:MXVDF) Corporate Update Published the Promotional Style

by Gediminas Jasionis Feb 25, 2011
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mnv_chart.pngAnother promotional newsletter popped-up for Mexivada Mining Corp. (CVE:MNV) (PINK:MXVDF) today, suggesting all the subscribers of Whitehotstocks to read a press release that was issued by MNV today.

Official news, issued by Mexivada, described progress on the evaluation of the Golden Porcupine Property at Timmins Gold Camp in Ontario. The company completed Ground magnetic, VLF-EM, induced polarization surveys on the property, and identified several geological anomalies. The company is compiling historical data on the property and will carry out mapping, channel sampling and excavation trenching. Drilling is anticipated to begin this summer.

Whitehotstocks.com, who also did previous MNV promotions, republished the press release through their newsletter. Whitehotstocks got paid $25 thousand as a contract signing bonus and receives $75 thousand per month from Mexivada Mining under a consulting services agreement.

mexivada_logo.jpgWhitehotstocks.com promotional newsletter included the same press release issued by the company today. It appears to work as an expensive IR firm that helps to spread corporate updates, but its ways of operation closely resembles that of standard promoters.

To date, a constant flow of updates came from Whitestocks on behalf of Mexivada. These updates rarely get the stock price going, so this time likely won't be any different. The website clearly operates a comparatively small user database, thus its messages aren't making an impact on the market.

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