Global Hunter Corp. (GBLHF.PK)
Molybdenum is a chemical element with the symbol MO and atomic number 42. In its pure form it is a silvery white metal. Molybdenum does not occur as free metal in nature but rather in various oxidation stages in minerals.
Molybdenum applications:
” Alloying elements
” Conducting materials
” Materials for electronics
” Wear resistance
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
MAJESTIC GOLD CORP (MJGCF.PK)
Due to gold’s very unique properties, it is used in everything from electronics to space flight. In fact, while gold is still primarily considered a commodity, its use in both industrial and technology sectors is increasing almost daily as more uses are found for this wonderful metal. The properties of gold make it a very versatile metal. First, while it is a metal, it is easy to shape and work with. This means that gold can be used in places where harder metals would take an even greater degree of processing. Also, gold conducts electricity extremely well, making it a very useful material in electronics. Finally gold is extremely resistant to corrosion, meaning that it can be used at times where the rust and corrosion factors of other metals would be a liability. All in all this makes gold one of the best metals in the world for use in certain situations.
MAJESTIC GOLD CORP (MJGCF.PK) 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.
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.
For more information about MAJESTIC GOLD CORP. Visit its website: http://www.majesticgold.net
Watson Pharmaceuticals Inc. (NYSE:WPI) announced that the Company intends to release its third quarter 2011 financial results on Tuesday, November 1, 2011 prior to the open of the U.S. financial markets. The Company will also host a conference call and webcast at 8:30 a.m. Eastern Time on November 1, 2011 to discuss its financial results and provide an update on the Company’s outlook for 2011.
Watson Pharmaceuticals, Inc., a specialty pharmaceutical company, engages in the development, manufacturing, marketing, sale, and distribution of generic and brand pharmaceutical products focused on urology and women’s health in the United States, western Europe, Canada, Australasia, South America, and South Africa.
The Toronto-Dominion Bank (NYSE:TD) announced an expansion of its environmental team. Having achieved numerous environmental accomplishments within the last two years such as opening the nation’s first net-zero energy bank in Ft. Lauderdale, Fla., the bank’s expanded team is charged with extending TD’s environmental strategy across multiple lines of business within the institution.
The Toronto-Dominion Bank, together with its subsidiaries, provides various banking and financial services in North America and internationally.
IHS Inc. (NYSE:IHS) reported results for the third quarter ended August 31, 2011. Revenue for the third quarter of 2011 totaled $340 million, a 25 percent increase over third quarter 2010 revenue of $272 million. Net income for the third quarter of 2011 was $39.6 million, or $0.60 per diluted share, compared to third quarter 2010 net income of $34.6 million, or $0.53 per diluted share.
IHS Inc. provides critical information and insight products and services. It offers its products and services in four information domains: Energy, Product Lifecycle, Security, and Environment.
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