Shamika 2 Gold Inc. is in the StockGuru Spotlight for March 9, 2011

v Shamika 2 Gold Inc. is in the StockGuru Spotlight for March 9, 2011
Posted on: Wed, 09 Mar 2011 04:19:57 EST 
Symbols: IMNCY, SHMX

Mar 09, 2011 (M2 PRESSWIRE via COMTEX) --
DALLAS, TEXAS : StockGuru announces that Shamika 2 Gold Inc.(OTCBB: SHMX | PowerRating) is in the StockGuru Spotlight. Shamika2Gold is an international junior gold company with strategic holdings in countries with potential high value targets that have been overlooked by the mining industry. The company's strategy is to become a global exploration and production company. Shamika2Gold, Inc. is 51% owned by Shamika Resources, Inc., a private company domiciled in Canada. The corporate strategy is to develop a portfolio of mineral companies, unlocking value for shareholders, and opening up multinational access to the capital markets.

On Tuesday, the company put out news announcing that it has acquired 85% of MIG International Mining Group, a Mauritius company, which holds a concession of a gold and ruby exploration license in Cambodia. Shamika acquired the capital stock of MIG in exchange for 57,000,000 shares of Shamika common stock and shares of Series B Performing Preferred Stock entitling the holder to 45% of the net operating profit from the mining project. The shares issued by Shamika will be held in escrow until MIG obtains all necessary production licenses and has commenced commercial production for two months.

Shares for Shamika 2 Gold Inc.(OTCBB: SHMX) were up during the afternoon of trading on Tuesday and closed up seven cents at closing.?

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