Downgrading the credit rating of Portugal by Moody's 4 notches to Ba2 from Baa1 with a negative outlook could contain the market sentiment putting pressure on the single currency following warning from S&P credit rating agency about the direction of France to help Greece by supporting its private sector for reinvesting its holding of short term debts of Greece to longer periods ones in what can be turning around a direct announcement of restructuring the Greece's debt by France which will be considered a default by the credit rating agencies which can put pressure again on the single currency in the coming period.

Read more: 7/6/2011 - The Current Market Sentiment

GSV Capital Invests in Facebook

GSV Capital Corp. (Nasdaq:GSVC ) announced that it has acquired 225,000 shares in social-networking company Facebook at an average price of $29.28 per share. The investment of $6,587,500 represents approximately 15% of GSV's total portfolio.

"Facebook is a one-of-a-kind business which has created enormous network effects. With over 650 million people on its platform, or approximately 1/10 of the world's population, Facebook has established itself as a next generation social communications platform," said Michael T. Moe, GSV Capital's CEO and founder.

GSV Capital's mission is to identify and invest in the premier VC backed private companies in the marketplace today -- at attractive valuations.

Read more: GSV Capital Corp ( GSVC )

Evolving Gold Intersects 15.7 Meters at 5.08 gpt Gold Carlin Trend, Nevada

Evolving Gold Corp. (TSX: EVG) (FSE: EV7) (the "Company") is pleased to report that two drill holes have intersected significant high grade gold at its Carlin project in Nevada. Both new holes are wedges drilled from hole CAR-002 and fall within an area approximately 20 meters north and northeast of this mother hole.

    --  Intercepts in wedge hole CAR-002.3.1 include 15.7 meters at
        5.08 grams per tonne gold (51.5 feet at 0.148 oz per ton gold)
        including 1.4 meters at 38.1 gpt gold (1.113 opt gold).

Read more: Evolving Gold Corp ( EVG )

Brookline Bancorp, Inc. to Acquire Bancorp Rhode Island, Inc.

BankRI to Retain Brand and All Branches to Remain Open
--Earnings Per Share Expected to be Accretive by 25% in 2012

Brookline Bancorp, Inc. (NASDAQ: BRKL) and Bancorp Rhode Island, Inc. (NASDAQ: BARI) announced today that they entered into a definitive merger agreement whereby Brookline Bancorp will acquire Bancorp Rhode Island and its subsidiary, BankRI, for approximately $234 million in cash and stock. The transaction was unanimously approved by both companies' boards of directors.

The combined organization will have 43 banking offices serving individuals and businesses across Massachusetts and Rhode Island, and will have approximately $4.7 billion in assets, including $3.7 billion in loans, and $3.2 billion in deposits.

Read more: Brookline Bancorp Inc ( BRKL )

Drilling Intersects 3.47 g/t Gold Over 48.50 m at Almaden's Caballo Blanco Project, Mexico

Almaden Minerals Ltd. ("Almaden" or "the Company") (TSX:AMM)(NYSE Amex:AAU) is pleased to report to its shareholders today the results contained in a news release of Goldgroup Mining Inc. (TSX:GGA) ("Goldgroup"; see Goldgroup news release of April 7, 2011) in which Goldgroup announced the following intersection at the La Paila Zone:

Hole 10 CBN 73: 48.50 meters @ 3.47 g/t gold from 130.00 to 178.50 meters depth

Goldgroup has an option to acquire a 70% interest in the Caballo Blanco project from Almaden which would be exercised with Goldgroup's current proposed 30,000 meter drill program. Almaden would then retain a 30% carried interest in the project, until a bankable feasibility study has been completed by Goldgroup.

Read more: Almaden Minerals Ltd ( AMM )