Global Hunter (GBLHF.PK)
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.
Molybdenum is used mainly as a component of alloyed steel. A silvery white metal with an atomic number of 42, molybdenum is solid at room temperature, has an atomic mass of 95.94, and appears in the chemical symbol of “Mo.”
One of molybdenum’s most unique and therefore useful qualities is its extremely high melting point: 4753 degrees F (2623 degrees C, or 2896 K). In fact, compared to other pure elements, molybdenum has one of the highest melting points. Because of its ability to withstand extremely high temperatures, molybdenum is used in the manufacture of missiles, aircrafts, spacecrafts, rifle barrels, light bulb filaments, and furnace components.
For more information http://www.globalhunter.ca/homeabout.html
Parkvale Financial Corp (Nasdaq:PVSA) announced that at its meeting held on September 27, 2011, the Board of Directors declared a quarterly cash dividend of $0.02 per common share. The dividend will be paid on October 26, 2011 to shareholders of record at the close of business on October 7, 2011.
Parkvale Financial Corporation is the parent of Parkvale Bank, which has 47 offices in the Tri-State area around Pittsburgh and assets of $1.8 billion at June 30, 2011.
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.
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.
Gold’s ability to conduct electricity and facilitate connectivity has been known for decades. Since the 1930s it has been used in telecommunications equipment from fuses to switches. Just about anything electronic contains gold circuits. The ability to conduct heat, add strength, and reflect light, makes gold a popular industrial element. Gold is used for everything from coatings to lubricants to mouldings in manufacturing. Also found were: musical instruments and curling irons. In addition to plating, gold can be found as a glaze, thin leaf, and liquid. In its solid form coins, jewelry and sculpture are prominent.
For more information about MAJESTIC GOLD CORP. visit its website: http://www.majesticgold.net
CoStar Group Inc. (Nasdaq:CSGP) announced that Hans G. Nordby has been promoted to Managing Director of its Property and Portfolio Research (PPR) division. In addition, industry veteran Walter Page has joined PPR as Director of Research. He will specialize in the office sector, provide thought leadership and lead PPR’s research efforts. Both are based in PPR’s Boston office.
CoStar Group, Inc. provides information/marketing services to the commercial real estate industry in the United States, the United Kingdom, and France.
LKQ Corp. (Nasdaq:LKQX) announced that effective October 1, 2011 it has acquired Euro Car Parts, the largest distributor of automotive aftermarket parts in the United Kingdom.
LKQ Corporation, together with its subsidiaries, provides replacement parts, components, and parts needed to repair vehicles, primarily cars and trucks in the United States and Canada.
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