July 23

Tokio Marine Holdings to Acquire Philadelphia Consolidated in $4.7 Billion Transaction

Marks Significant Expansion by Tokio Marine into the U.S. P&C Insurance Market Continues Growth in Key International Markets Enhances Well-balanced Global Portfolio

Tokio Marine Holdings, Inc. (TMHD) and Philadelphia Consolidated Holding Corp. (Philadelphia Consolidated) (Nasdaq: PHLY - News) today announced that they have entered into a definitive agreement under which TMHD will acquire all outstanding shares of Philadelphia Consolidated, a leading U.S. P&C insurance company offering specialty commercial property and casualty (P&C) products and services for targeted markets, for $61.50 per share in cash, through TMHD\'s wholly owned subsidiary, Tokio Marine & Nichido Fire Insurance Co., Ltd. (TMNF). The total transaction value is approximately U.S. $4.7 billion. The transaction is expected to close in the fourth quarter of 2008.
Read more: Philadelphia Consolidated Holding Corp ( PHLY )
• Altobridge Remote Communications, Mobile Network Operator Reference Sites Expanding in the Region, e.g. Maxis and MobiCom
• Local Connectivity and Split-BSC Architecture solutions cut Transmission Costs providing World’s Most Cost-effective Solution Available

Kuala Lumpur, Malaysia – ‘Deploying strong value propositions in each south east Asian country’ is one of the key messages behind this year’s SE AsiaCom in Kuala Lumpur. Leading wireless application solution provider, Altobridge, has one of the strongest value propositions for operators throughout the region – its Local Connectivity solution combined with its Split-BSC Architecture.
Read more: Local Connectivity – A Major Value Proposition for South East Asia
July 22

Sherwood Copper Reports Increased Copper Production & Reduced Costs in Second Quarter 2008

12.8 million lbs of Payable Copper Production at a Cash Cost of $0.96(i) per lb

(All amounts in C$ unless otherwise stated)

Sherwood Copper Corporation (TSX VENTURE: SWC)(TSX VENTURE: SWC.DB) today announced significantly improved operating results for the three months ending June 30, 2008 from its high grade Minto copper-gold mine located in the Yukon, as well as a significant reduction in its bank debt.

Second quarter 2008 production totalled 12.8 million pounds of payable copper at an estimated total cash cost(i) of $0.96 per pound of payable copper (after estimated by-product credits and offsite costs) versus 11.0 million pounds of payable copper at total cash cost(i) of $1.04(4) per pound in the first quarter of 2008. These improved operating results were achieved as a result of processing ramping up to and then exceeding design capacity (with mill throughput increased 35% over that in the first quarter), while unit operating costs per tonne fell 21% over the same period, despite higher fuel prices.
Read more: Sherwood Copper Corporation ( SWC )
July 22

Apogee Intersects 25 Meters Grading 1,030 g/t Silver Including 4,903 g/t Silver, 5.22% Lead, 5.20% Zinc Over 3.4 Metres at the Pulacayo Deposit, Bolivia

Apogee Minerals Ltd. (TSX VENTURE: APE) today announced it has received the assay results from an additional seven diamond drill holes completed at the Pulacayo Deposit in southern Bolivia (Figure 1 & 2).

These results include the best intercept drilled on the project to date by Apogee or its partner Apex Silver Mines Limited (Amex: SIL), in hole PUD-109 with individual samples assaying as much as 10,000 g/t silver. Highlights include the following intercepts, and complete results are listed in Table 1 below:
Read more: Apogee Minerals Ltd ( APE )
July 22

Normabec Cuts 2.131 kg/t Ag (62 oz/t) Over 7.62 Meters, 18.728 kg/t Ag (546 oz/t), 11.97% Pb, 11.52% Zn Over 1.70 Meters on the Real de Catorce Silver Project in Mexico

Normabec Mining Resources Ltd. (TSX VENTURE: NMB)(FRANKFURT: N6M) (\"Normabec\" or \"the Company\"), through its wholly owned Mexican subsidiary Minera Real Bonanza S.A. de C.V. (\"MRB\"), is pleased to announce the latest results from its Phase 1 diamond drilling program on the Real de Catorce project located in the state of San Luis Potosi in north-central Mexico.

It should be noted that, given that these results were just received, they are not included in the resource estimate of 33 million ounces released on June 19th (see details below)

UNDERGROUND DRILLING

Results were obtained from a distinct hangingwall vein in hole VMP-19, from the Refugio Vein in hole VMP-27 and from the Veta Madre Vein in hole VMP-29. It is important to note that the intersection in hole VMP-29 is the deepest one ever drilled on that structure, indicating that it is still well open at depth. Interestingly, the gold content is significantly higher in this hole than in any other hole drilled so far on the project.
Read more: Normabec Mining Resources Ltd ( NMB )