Yum! Brands, Inc. (NYSE:YUM) reported results for the third quarter ended September 3, 2011 including EPS of $0.83, excluding Special Items. After a Special Items loss of $0.03, reported EPS was $0.80. As a result of strong performance in China and other emerging markets, Yum! reconfirms full year EPS growth forecast of at least 12%, excluding special items.
YUM! Brands, Inc., together with its subsidiaries, operates as a quick service restaurant company in the United States and internationally.
Minerals Technologies Inc. (NYSE:MTX) a worldwide manufacturer of mineral products, announces the launch of a new product line of low oil-absorption (LOA) talc products for paints and coatings.
Minerals Technologies Inc., a resource and technology-based company, develops, produces, and markets various specialty mineral, mineral-based and synthetic mineral products, and related systems and technologies worldwide.
MAJESTIC GOLD CORP (MJGCF.PK)
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.
Out of all the minerals that can be found and mined in the earth, there is not any that is quite equal or special as gold. The many things that gold can be used for is taken from a diverse amount of spectacular properties. Gold is able to conduct electricity, does not dull, is very uncomplicated to work, can be drawn into wire, can be hammered into thin sheets, alloys with a lot of other metals, can be melted and cast into very meticulous shapes, has a magnificent color and a shining luster to it. Gold is a metal that is not easy to forget about and it most definitely holds a special spot in the mind of humans all around the world who know its value and worth.
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
Transatlantic Holdings Inc. (NYSE:TRH) will announce its third quarter 2011 results after the close of trading on the NYSE on Wednesday, October 26, 2011. A copy of the earnings release and a financial supplement will be available in the Investor Information section of the Company’s website located at www.transre.com.
Transatlantic Holdings, Inc., through its subsidiaries, offers reinsurance capacity for a range of property and casualty products directly and through brokers to insurance and reinsurance companies in the domestic and international markets on a treaty and facultative basis.
No comments:
Post a Comment