Global Hunter (GBLHF.PK)
A typical use of molybdenum is in airplane, spacecraft, and missile parts. Another important use of molybdenum alloys is in the production of specialized tools. Spark plugs, propeller shafts, rifle barrels, electrical equipment used at high temperatures and boiler plates are all made of molybdenum steel.
Another important use of molybdenum is in catalysts. A catalyst is a substance used to speed up or slow down a chemical reaction. The catalyst does not undergo any change itself during the reaction. Molybdenum catalysts are used in a wide range of chemical operations, in the petroleum industry, and in the production of polymers and plastics.
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
Enbridge Energy Partners LP (NYSE:EEP) announced the closing of its public offering of 8 million Class A Common Units, that priced on September 22, 2011, at a price to the public of $28.20 per unit.
Enbridge Energy Partners, L.P. owns and operates crude oil and liquid petroleum transportation and storage assets, as well as natural gas gathering, treating, processing, transmission, and marketing assets in the United States.
NSTAR (NYSE:NST) announced that its Board of Trustees declared a quarterly dividend of $0.425 per common share. This is NSTAR’s 490th consecutive dividend, payable November 1, 2011 to shareholders of record October 21, 2011.
NSTAR, through its subsidiaries, engages in sale, distribution, and transmission of electricity and natural gas to commercial, industrial, and residential customers in Massachusetts.
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.
Gold is used in many places in the standard desktop or laptop computer. The rapid and accurate transmission of digital information through the computer and from one component to another requires an efficient and reliable conductor. Gold meets these requirements better than any other metal. The importance of high quality and reliable performance justifies the high cost.
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
Chesapeake Midstream Partners, L.P. (NYSE:CHKM) has scheduled its 2011 third quarter financial results to be released after the close of trading on the New York Stock Exchange on Tuesday, November 8, 2011. The Partnership has also scheduled a conference call to discuss the results for Wednesday, November 9, 2011 at 9:00 a.m. EST.
Chesapeake Midstream Partners, L.P. owns, operates, develops, and acquires natural gas gathering systems and other midstream energy assets in the United States.
No comments:
Post a Comment