Global Hunter’s (GBLHF.PK)
Molybdenum is remarkably versatile. It can withstand extreme heat with little expansion or softening, yet it is soft enough to scratch with a fingernail. It has high thermal conductivity, but its density is about half that of tungsten.
Such versatility gives molybdenum a major role in many industrial applications. As a metal alloy, ‘moly’ boosts toughness and heat resistance in steel, and adds hardening ability and corrosion resistance to cast iron. Molybdenum alloys remain strong at high temperatures-a critical factor in the aeronautical, electrical, industrial motor and nuclear manufacturing industries.
Global Hunter’s focus is on strategic and base metals, with an advanced stage copper oxide project in Chile and a highly prospective molybdenum property in British Columbia, Canada. GBLHF teams are working on developing the Corona de Cobre property in Chile and the Rabbit south property in British Columbia.
Global Hunter Corp. (GBLHF.PK) is pleased to announce initial assay results from its previously announced surface sampling program. The results are encouraging with new gold showings as well as very positive copper oxide assays over wide-spread areas.
Highlights of the entire program
9 mineralized shear and/or alteration zones sampled total of 13.5 kilometers of strike length along know copper bearing shear and alteration zones tested with 205 rock chip samples
Good grades of soluble copper (oxide) over a significantly large area have been identified, however they represent only about 50% of the total copper grade indicating a mixed oxide-sulphide zone. Numerous iron oxide structures have also been mapped but no iron assays have been received to date.
The Company is planning to re-assay samples for iron to determine if iron is present in significant quantities to represent another target.
For more information http://www.globalhunter.ca/homeabout.html
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MAJESTIC GOLD CORP (MJGCF.PK)
Gold, metal having symbol Au, is a soft metallic element that is dazzling yellowish in color. A good player of heat and electricity, it is also the most malleable and ductile of all metals. Gold is used in many aspects of semiconductor manufacturing, mostly in the assembly or packaging processes. Its most widespread use is in wirebonding.
MAJESTIC GOLD CORP (MJGCF.PK) has arranged a $10,000,000 loan to advance its Song Jiagou project in China. Nine million dollars ($9,000,000) from the proceeds from the loan will be used by the Company to in connection with its Song Jiagou project and the balance of one million dollars ($1,000,000) for general working capital purposes.
The loan will have a one year term and loan principal will be convertible at the option of the lender in whole or in part into common shares (“Shares”) of the Company until twelve months from the date of the loan advance at the price of $0.205 per Share. The loan will bear interest at the rate of 7.5% per annum, payable on maturity, and accrued and unpaid interest will be convertible at the option of the lender in whole or in part into shares of the Company until twelve months from the date of the loan advance at Market Price at the time of conversion.
The lender is at arm’s length from the Company and will not become an insider as a result of any conversion of principal and interest. All shares issued on any conversion of loan principal or interest will be subject to a four month hold period from the date of advance of loan proceeds. The loan is subject to acceptance by the TSX Venture Exchange.
As additional consideration for the loan, the Company has agreed to forward at least $9 million to Majestic Yantai Gold Ltd., a British Virgin Islands company owned 94% by the Company to be used to further advance its Song Jiagou project. The Borrower has also agreed to a 90 day period for reciprocal due diligence reviews and discussions for the possible further involvement of the Lender in the Song Jiagou project.
In the event that no further agreement is reached between the Lender and the Company during the 90 day period, then the loan and a minimum of seven (7) months interest will automatically convert to shares in the Company at a price of $0.205 per share and the interest at Market Price respectively. In addition the Company is pleased to announce that it has arranged a non-brokered private placement of up to 15,000,000 shares to be issued at the price of $0.20 per share for gross proceeds of $3,000,000.
Majestic Gold Corp. engages in the exploration and development of mineral properties in China. The company focuses on its gold project located in the prolific gold region of Song Jiagou in eastern Shandong Province. Majestic Gold Corp. is headquartered in Vancouver, Canada.
For more information about company: http://www.majesticgold.net/homeabout.html
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Inland Real Estate Corp. (NYSE:IRC) announced that it paid a cash distribution of $0.0475 per share on the outstanding shares of its common stock to common stockholders of record at the close of business on August 31, 2011. In addition, the Company has declared a cash distribution of $0.0475 per share on the outstanding shares of its common stock, payable on October 17, 2011 to common stockholders of record at the close of business on September 30, 2011.
Inland Real Estate Corporation, a real estate investment trust (REIT), engages in the ownership, operation, and development of shopping centers and single-tenant retail properties in the Midwest region of the United States.
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Artio Global Investors Inc. (NYSE:ART) announced organizational changes designed to lower its operating costs and more efficiently manage its resources for current business conditions.
Artio Global Investors, Inc. is a publicly owned asset management holding company. Through its subsidiary, the firm provides portfolio management and fund management services to its clients. Artio Global Investors, Inc. was founded in 1962 and is based in New York, New York.
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Convergys Corporation (NYSE:CVG) announces the availability of over 2,000 full-time jobs in the United States, to be filled in the next 60 days. The company’s “Work as you like it” employment drive offers interested applicants the choice of work-at-home or contact center-based agent and management positions.
Convergys Corporation provides relationship management solutions worldwide. It operates in two segments, Customer Management and Information Management.
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