PC Gold PKL-T Time To Buy before Results Of Tests Reported

A total of 795,240 70-cent warrants were exercised by shareholders on March 12, 2009, for total proceeds to the company of $556,668.

UPDATE 3-PC Gold increases private placement size to C$9.1 mln

14:21 EDT Monday, April 05, 2010

* Increases offering size by 1.15 million shares

* Says to use proceeds for Pickle Crow mine

* To add a fourth drill at Pickle Crow

* Shares rise 11 pct (Recasts; adds details, updates share movement)

April 5 (Reuters) - Canadian gold explorer PC Gold Inc increased the size of its private placement to C$9.1 million ($9.05 million) by offering more shares to underwriters.

Shares of PC Gold, which plans to use the proceeds to fund exploration at its key gold mine in Ontario, were trading up about 11 percent at C$1.61 Monday afternoon on the Toronto Stock Exchange.

The company said it would offer an additional 1.15 million flow-through shares, bringing the total to 5 million, at C$1.82 apiece, a premium of 26 percent to the stock's closing price on Thursday.

The underwriters for the offering, which is expected to occur about April 20, include Cormark Securities Inc and Canaccord Financial Ltd.

The company said a fourth drill would be added to its exploration program at the Pickle Crow gold mine in Ontario, where it made a significant gold discovery late last month.

In March, PC Gold said in an interview that it remains focused on the property, its trump card, and is not on the lookout for any other properties. [ID:nSGE62N0DY]

($1=1.006 Canadian Dollar) (Reporting by Aftab Ahmed and Abhiram Nandakumar in Bangalore; Editing by Anne Pallivathuckal)

DEE ENERGY Ready To Run

Experts who have talked about Delphi Energy Corp.

TOP PICK	2.730	Eric Nuttall	Exceptionally well run natural gas. 50% of their production is hedged at $6.50. Very cheap at 6X cash flow. Testing 4 new zones, none of which have any meaningful reserves. Tremendous success in the Cardium.	2010-03-24
BUY	2.770	Jason Donville	Have a big capital expenditure program. There should be a big ramp up in production.	2010-03-23
BUY	2.600	John Stephenson	Small. It’s not going to be a home run. A few good wells.	2010-03-05
WAIT	2.400	Jennifer Stevenson	It has had its challenges because it is gas focused and balance sheet was hefty. They have done well in paying down their debt and growing their production. Stock is not expensive. Biggest risk is that it is a gas focused player and as we are rolling into the shoulder season, you may get a chance to buy it cheaper over the next few months.	2010-02-16
SELL	2.030	Laura Lau	One of the cheapest gas stories. Priced to sell but doesn't think they are ready to sell yet.	2010-02-08
TOP PICK	2.000	Andrew Cook	About 80% production is natural gas with about a 15% production growth. Also have a pretty strong drilling program over the next year. Also have some light oil exposure.	2010-01-20
BUY	1.760	Laura Lau	Tend to spend a lot of their capital, more than other companies, in the winter months. Have some good assets so will be able to grow their production and reserves. Expects a few more months of good performance..	2009-11-18
BUY	1.720	John Stephenson	(Market Call Minute.) Small at 6800 BOE’s a day that has a lot of catalysts for growth.	2009-11-09
Comment	1.650	Michael Smedley	Very small gas company that has made some acquisitions. Basically a speculation.	2009-10-26
PAST TOP PICK	1.620	Joseph Schachter	(Top Pick Nov 14/08, Up %24.6) Would be a buyer here. Like the company. They have an oil business to grow while Nat Gas is suffering.	2009-10-20
TOP PICK	1.620	Joseph Schachter	Has a very dominant core in west Alberta. There is vertical as well as horizontal potential. They’ve started going after the horizontal natural gas. Just did a number of acquisitions to try to get control of that area. By next year they should be doing about 8,000 bue’s a day. They estimate $.35 in cash flow.	2009-10-20