Penny Stock News: Pengram Executes Separate Option Agreements on its Three Nevada Portfolio …

Listed in Penny Stocks, Stock Picks, StockGuru.com, Day Trading, Best Stocks

BELLINGHAM, WASHINGTON–(Marketwire – April 28, 2011) – Pengram Corporation (OTCQB:PNGM), an emerging gold exploration company, today announced it has executed new, separate option agreements on three of its key Nevada portfolio of properties Golden Snow, CPG and Fish.

To view an image of the properties, please visit the following link: http://media3.marketwire.com/docs/pngmi428.pdf.

Simultaneously, the Company also has successfully completed a joint venture agreement for Golden Snow which provides for the JV partner to pay Pengram $175,000 in staged payments, and spend $1.75 million in exploration expenditures, over 39 months to earn up to 75 percent of the project.

Penny Stocks are stocks traded for under $2 and they represent the small cap companies. They trade on the OTCBB so you will not find them on the major stock exchanges. They are very cheap stocks and normally come for businesses needing capital. They are a very risky investment as the business can go under and leave you with a stock worth nothing. However that being said penny stock trading can be a great money maker, and there are numerous traders who make 6 figures and more from them each year.

The best reasons to trade in penny stocks are the fact that they do not require a large initial investment, meaning that they are an affordable investment for many. Penny stocks are cheap. For example if you were to buy 1000 shares in a company with shares at 10 cents, you would only require an investment of $100, whereas if the shares cost $5 you would require an investment of $5000. Penny stocks also have the potential of huge gains, and have been known to rise as much as 1000% daily. Therefore your $100 investment can be worth $1000. This is very unlikely to happen to other stocks from large cap businesses.





Article source: http://www.marketwire.com/press-release/pengram-executes-separate-option-agreements-on-its-three-nevada-portfolio-properties-otcqb-pngm-1507396.htm